DSCO Value Fund and Donald Smith Report Aggregate 4.82M Shares in Chatham Lodging Trust

Rhea-AI Filing Summary

Chatham Lodging Trust is reported to have significant institutional ownership disclosed by Donald Smith & Co., Inc. and DSCO Value Fund, L.P. Together the reporting persons beneficially own 4,817,121 shares of the issuer's common stock, representing 9.83% of the outstanding class. The filing breaks down voting and dispositive authority: Donald Smith & Co., Inc. holds sole voting power over 4,425,603 shares and sole dispositive power over 4,773,080 shares, while DSCO Value Fund holds 44,041 shares with sole voting and dispositive power.

The statement clarifies that Donald Smith & Co., Inc. acts as an investment adviser and reports these securities on behalf of advisory clients; the firm does not serve as custodian and clients retain the ultimate right to receive dividends or sale proceeds. The disclosure lists ownership classifications and refers to an exhibit identifying group members where applicable.

Insights

Financial Analyst

TL;DR: A sub-10% institutional stake (4.82M shares, 9.83%) disclosed; voting/dispositive authority concentrated at the adviser.

Donald Smith & Co.'s filing shows material economic exposure to CLDT through advisory relationships, totaling 4,817,121 shares. The breakdown of sole voting and dispositive power indicates the adviser exercises direct control over the majority of the reported position, which is relevant for shareholder composition and potential voting outcomes. Because the securities are held for clients and not for control-seeking purposes per the certification, this appears to be a disclosure of investment positions rather than an activist or control-oriented move. Investors should view this as meaningful institutional ownership disclosure, but not necessarily a change in corporate governance dynamics on its own.

Corporate Governance Expert

TL;DR: Disclosure signals concentrated advisory voting authority but affirms holdings are client-directed, not a control bid.

The Schedule 13G identifies Donald Smith & Co., Inc. as an investment adviser with sole voting power over 4,425,603 shares and sole dispositive power over 4,773,080 shares, while DSCO Value Fund directly holds 44,041 shares. The filing explicitly states holdings are held in the ordinary course of business and not for the purpose of influencing control. From a governance perspective, the adviser’s voting authority is material to shareholder voting tallies, yet the certification limits the filing’s implication of coordinated control or activism.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Chatham Lodging Trust

(Name of Issuer)

Common

(Title of Class of Securities)

16208T102

(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. 16208T102

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 4,425,603.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,773,080.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,817,121.00

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)

9.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 16208T102

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 44,041.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 44,041.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,817,121.00

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)

9.8 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Chatham Lodging Trust
(b)	Address of issuer's principal executive offices: 222 LAKEVIEW AVENUE, SUITE 200, WEST PALM BEACH, FLORIDA, 33401.
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.: 16208T102
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: 4,817,121
(b)	Percent of class: 9.83%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Donald Smith & Co., Inc. 4,425,603 DSCO Value Fund, L.P. 44,041
	(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. 4,773,080 DSCO Value Fund, L.P. 44,041
	(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 Chatham Lodging Trust. No one person?s interest in the Common Stock of Chatham Lodging Trust 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

FAQ

How many CLDT shares does Donald Smith & Co., Inc. report beneficially owning?

Donald Smith & Co., Inc. reports beneficial ownership of 4,817,121 shares of Chatham Lodging Trust common stock (aggregate for reporting persons).

What percentage of CLDT does the reported ownership represent?

The aggregate reported position represents 9.83% of the outstanding common stock of Chatham Lodging Trust.

What voting and dispositive powers are reported for Donald Smith & Co., Inc.?

Donald Smith & Co., Inc. reports sole voting power over 4,425,603 shares and sole dispositive power over 4,773,080 shares.

How many shares does DSCO Value Fund, L.P. report owning in CLDT?

DSCO Value Fund, L.P. reports beneficial ownership of 44,041 shares with sole voting and dispositive power over those shares.

Are the reported securities held for control purposes according to the filing?

No. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.