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8 Stocks Donald Smith Continues to Buy

The president and co-chief investment officer of Donald Smith & Co., Donald Smith (Trades, Portfolio), bought shares of the following stocks in both the second and third quarters of fiscal 2019.


Celestica Inc.

The guru increased the Celestica Inc. (CLS) position by 18.97% in the second quarter and then added 3.28% in the third quarter. The stock has a weight of 1.07% in the portfolio.

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The electronic manufacturing service company has a market cap of $1.02 billion. Its revenue of $6.12 billion has grown at an average rate of 14.0% per annum over the last five years.

Richard Pzena (Trades, Portfolio)'s Pzena Investment Management is the largest guru shareholder of the company with 3.66% of outstanding shares, followed by Charles Brandes (Trades, Portfolio) with 3.01% and Jeremy Grantham (Trades, Portfolio)'s GMO LLC with 0.04%.

Diamond S Shipping Inc.

Smith raised the Diamond S Shipping Inc. (DSSI) stake by 21.28% in the second quarter and added 39.5% in the third quarter. The stock has a weight of 0.35% in the portfolio.

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The company, which operates in the oil and gas industry, has a market cap of $619.90 billion.

The company's largest guru shareholder is Wilbur Ross (Trades, Portfolio) with 24.32% of outstanding shares, followed Prem Watsa (Trades, Portfolio) with 2.59%, Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 0.48% and Howard Marks (Trades, Portfolio) with 0.06%.

Era Group Inc.

The investor increased the Era Group Inc. (ERA) holding by 31.61% in the second quarter and added 0.03% in the third quarter. The stock has a total weight of 0.46% in the portfolio.

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The helicopter operator has a market cap of $210.12 million. Its revenue of $217 million has fallen 8.20% over the last five years.

Chuck Royce (Trades, Portfolio) is the largest guru shareholder of the company with 7.80% of outstanding shares, followed by Smith with 5.35% and Arnold Van Den Berg (Trades, Portfolio) with 4.94%.

Iamgold Corp.

In the second quarter, the guru boosted his Iamgold Corp. (IAG) position by 33.59%, increasing it another 26.03% in the third quarter. The stock has a weight of 6.32% in the portfolio.

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The gold mines operator has a market cap of $1.63 billion. Its revenue of $1.04 billion has grown at an average annual rate of 2.20% over the last 5 years.

Other notable guru shareholders of the company include Jim Simons (Trades, Portfolio)' Renaissance Technologies with 4.76% of outstanding shares, Louis Moore Bacon (Trades, Portfolio) with 0.43%, John Paulson (Trades, Portfolio) with 0.40%, Royce with 0.30% and Pioneer Investments (Trades, Portfolio) with 0.26%.

Jefferies Financial Group Inc.

Smith raised the Jefferies Financial Group Inc. (JEF) position by 0.03% in the second quarter and then boosted it by 75.89% in the third quarter. The stock has a weight of 1.16% in the portfolio.

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The company, which operates in investment banking and capital markets, has a market cap of $5.78 billion. Its revenue of $3.93 billion has grown at an average annual rate of 15.10% over the last five years.

The largest guru shareholder of the company is First Pacific Advisors (Trades, Portfolio) with 6.85% of outstanding shares, followed by Steven Romick (Trades, Portfolio)'s FPA Crescent Fund with 5.45%, Barrow, Hanley, Mewhinney & Strauss with 3.14% and Brandes with 0.74%.

Pyxus International Inc.

In the second quarter, the guru bolstered the Pyxus International Inc. (PYX) position by 10.04%, and increased it by 2.35% in the third quarter. The stock has a weight of 0.34% in the portfolio.

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The leaf tobacco merchant has a market cap of $92.94 million. Its revenue of $1.77 billion has fallen 5.80% on average every year over the last five years.

The largest guru shareholder of the company is Joel Greenblatt (Trades, Portfolio)'s Gotham Asset Management with 0.31% of outstanding shares, followed by Jeff Ubben (Trades, Portfolio)'s ValueAct Holdings with 0.16%.

Tutor Perini Corp

Smith raised the Tutor Perini Corp. (TPC) position by 10.03% in the second quarter and then boosted it by 48.7% in the third quarter. The stock has a weight of 1.47% in the portfolio.

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The company, which operates in the construction industry, has a market cap of $961.33 million. Its revenue of $4.45 billion has grown at an average annual rate of 0.70% over the last five years.

The largest guru shareholder of the company is HOTCHKIS & WILEY with 7.21% of outstanding shares.

Verso Corp

In the second quarter, the guru raised the Verso Corp. (VRS) position by 0.48% and then boosted it by 129.5% in the third quarter. The stock has a weight of 0.25% in the portfolio.

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The paper products manufacturer has a market cap of $619.93 million.

The largest guru shareholder of the company is Marks with 3.84% of outstanding shares, followed by Royce with 2.94% and Grantham's GMO LLC with 1.18%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.