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Donald Smith reports 9.94% stake in Hooker Furnishings (HOFT)

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Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Hooker Furnishings Corp Schedule 13G shows Donald Smith & Co., Inc. reported beneficial ownership of 1,070,964 shares, representing 9.94% of the common stock. The filing attributes sole voting power of 1,013,596 shares and sole dispositive power of 1,058,996, with DSCO Value Fund, L.P. and John Piermont reported as related persons. The filing states Donald Smith & Co., Inc. acts as investment adviser and that ultimate dividend/proceeds rights rest with its institutional clients.

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Insights

Institutional adviser reports a near-10% stake in HOFT.

Donald Smith & Co., Inc. discloses beneficial ownership of 1,070,964 shares (9.94%) and records primary voting and dispositive authority for most of those shares. Related entities DSCO Value Fund, L.P. and John Piermont are listed with smaller, specific holdings.

Because the filing frames the position as advisory—stating that dividend and sale rights reside with clients—the trading intent is not asserted here; subsequent filings would show any changes to holdings.

Filing clarifies voting and disposition powers tied to advisory relationships.

The statement that Donald Smith & Co., Inc. "does not serve as custodian" and that ultimate receipt rights are held by institutional clients highlights that the firm reports as adviser, not owner in the economic sense. The filing also notes no single advisory client holds more than 5% of the class.

Disclosure of exact sole voting (1,013,596) and sole dispositive (1,058,996) counts provides clear recordable authorities for corporate governance purposes.

Beneficial ownership 1,070,964 shares Schedule 13G reported amount
Percent of class 9.94% Percent ownership reported on Schedule 13G
Sole voting power 1,013,596 shares Sole power to vote as stated in Item 4
Sole dispositive power 1,058,996 shares Sole power to dispose as stated in Item 4
DSCO Value Fund holding 9,968 shares Reported sole voting/dispositive power for DSCO Value Fund, L.P.
John Piermont holding 2,000 shares Reported sole voting/dispositive power for John Piermont
Schedule 13G regulatory
"Item 1. (a) Name of issuer: HOOKER FURNISHINGS Corp"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownership financial
"Item 4. (a) Amount beneficially owned: 1,070,964"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole dispositive power regulatory
"Item 4. (iii) Sole power to dispose or to direct the disposition"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Investment adviser financial
"Donald Smith & Co., Inc. does not serve as custodian"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does Donald Smith & Co., Inc. report in HOFT?

They report beneficial ownership of 1,070,964 shares, equal to 9.94% of common stock. The filing lists specific sole voting and dispositive power counts held by the adviser.

Does Donald Smith & Co., Inc. hold economic rights to the HOFT shares?

The filing states the firm acts as an investment adviser and does not serve as custodian; economic receipt of dividends and sale proceeds vests with institutional clients rather than the firm.

What voting and disposition powers are disclosed in the filing?

The filing discloses sole voting power: 1,013,596 shares and sole dispositive power: 1,058,996 shares for Donald Smith & Co., Inc., as reported on the schedule.

Does any single client of the adviser own more than 5% of HOFT?

Donald Smith & Co., Inc. states that, to its knowledge, no single advisory client owns more than 5% of the class for securities reported on this schedule.





439038100

(CUSIP Number)
03/31/2026

(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)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



DONALD SMITH & CO., INC.
Signature:Richard L. Greenberg
Name/Title:CEO and Co-CIO
Date:05/13/2026
DSCO Value Fund, L.P.
Signature:Richard L. Greenberg
Name/Title:CEO and Co-CIO
Date:05/13/2026
John Piermont
Signature:Richard L. Greenberg
Name/Title:CEO and Co-CIO
Date:05/13/2026