Schedule 13G: 3.56M shares (6.72%) of Cool Co Ltd disclosed

Rhea-AI Filing Summary

Donald Smith & Co., Inc. and affiliated persons report beneficial ownership of 3,564,815 shares of Cool Co Ltd common stock, representing 6.72% of the class. The filing identifies Donald Smith & Co., Inc. as an investment adviser and discloses that the aggregate position includes both advisory holdings and positions held by related reporting persons.

The schedule breaks down voting and dispositive power: Donald Smith & Co., Inc. has sole voting power on 3,343,128 shares and sole dispositive power on 3,531,928 shares; DSCO Value Fund, L.P. holds 32,587 shares; Jon Hartsel holds 300 shares. The filers certify the securities are held in the ordinary course of business and not to influence control, and state that ultimate dividend and sale rights rest with the institutional clients advised by Donald Smith & Co., Inc.

Positive

• Material ownership disclosed: Aggregated beneficial ownership of 3,564,815 shares (6.72%), exceeding the 5% reporting threshold.
• Clear certification of passive intent: Filers state the securities are held in the ordinary course and not to influence control.
• Detailed breakdown of powers: Disclosure of sole voting (3,343,128) and sole dispositive (3,531,928) counts aids investor transparency.

Negative

• None.

Insights

Financial Analyst

TL;DR 6.72% passive stake reported by an investment adviser, material but presented as non-control holdings.

The filing discloses a material (>5%) beneficial position of 3,564,815 shares in Cool Co Ltd. Because the statement is on Schedule 13G and includes an express certification that the holdings are in the ordinary course and not intended to influence control, the position appears passive. The distribution of voting and dispositive power—primarily vested in Donald Smith & Co., Inc. as adviser—and the note that ultimate rights rest with institutional clients are important for assessing who truly directs investment decisions. Impactful status: impactful as a significant passive holder; market-moving potential is limited absent change in intent.

Corporate Governance Expert

TL;DR A significant adviser-owned stake is disclosed, but the filer denies intent to influence control.

The schedule identifies Donald Smith & Co., Inc. with substantial sole voting and dispositive power over reported shares, yet the certification and choice of Schedule 13G indicate a non-control posture. Governance implications hinge on whether advisory clients retain the ultimate decision rights as stated; the filing explicitly says clients hold dividend and sale rights and no single client owns more than 5% of the class. For board or control considerations this filing signals watch for any future Schedule 13D or changes, but as filed it remains a passive, material ownership disclosure. Impactful status: impactful for ownership concentration monitoring.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Cool Co Ltd.

(Name of Issuer)

Common

(Title of Class of Securities)

G2415A113

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G2415A113

1

Names of Reporting Persons

DONALD SMITH & CO., INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,343,128.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,531,928.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,564,815.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G2415A113

1

Names of Reporting Persons

DSCO Value Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 32,587.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 32,587.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,564,815.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G2415A113

1

Names of Reporting Persons

Jon Hartsel

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 300.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 300.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,564,815.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cool Co Ltd.
(b)	Address of issuer's principal executive offices: 7 CLARGES STREET, 5TH FLOOR, LONDON, UNITED KINGDOM, W1J 8AE.
Item 2.
(a)	Name of person filing: Donald Smith & Co., Inc.
(b)	Address or principal business office or, if none, residence: 152 West 57th Street, 29th Floor New York, NY 10019
(c)	Citizenship: A Delaware Corporation
(d)	Title of class of securities: Common
(e)	CUSIP No.: G2415A113
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,564,815
(b)	Percent of class: 6.72%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Donald Smith & Co., Inc. 3,343,128 DSCO Value Fund, L.P. 32,587 Jon Hartsel 300
	(ii) Shared power to vote or to direct the vote: SEE ITEM 6
	(iii) Sole power to dispose or to direct the disposition of: Donald Smith & Co., Inc. 3,531,928 DSCO Value Fund, L.P. 32,587 Jon Hartsel 300
	(iv) Shared power to dispose or to direct the disposition of: SEE ITEM 6
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Donald Smith & Co., Inc. does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client?s custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the institutional clients which Donald Smith & Co., Inc. serves as investment advisor. Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc. may be revoked in whole or in part at any time. To the knowledge of Donald Smith & Co., Inc., with respect to all securities reported in this schedule owned by advisory clients of Donald Smith & Co., Inc., not more than 5% of the class of such securities is owned by any one client.2. With respect to the remaining securities owned, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Cool Co Ltd. No one person?s interest in the Common Stock of Cool Co Ltd. is more than five percent of the total outstanding Common Stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See EXHIBIT A
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DONALD SMITH & CO., INC.

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/13/2025

DSCO Value Fund, L.P.

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/13/2025

Jon Hartsel

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	08/13/2025

FAQ

Who filed the Schedule 13G for Cool Co Ltd (CLCO)?

The filing was made by Donald Smith & Co., Inc., with related reporting persons DSCO Value Fund, L.P. and Jon Hartsel.

How many Cool Co Ltd (CLCO) shares are reported and what percent of the class is that?

The aggregate beneficial ownership reported is 3,564,815 shares, representing 6.72% of the outstanding class.

What voting and dispositive power does Donald Smith & Co., Inc. report for CLCO?

Donald Smith & Co., Inc. reports sole voting power on 3,343,128 shares and sole dispositive power on 3,531,928 shares.

Does the filing indicate any intent to influence control of Cool Co Ltd (CLCO)?

No. The filers certify the securities are held in the ordinary course of business and were not acquired to change or influence control.

Who ultimately controls dividends and sale proceeds for the reported CLCO shares?

The filing states Donald Smith & Co., Inc. is an adviser and ultimate power to receive dividends or sale proceeds rests with its institutional clients.