[SCHEDULE 13G] Park Hotels & Resorts Inc. Passive Investment Disclosure (>5%)
Donald Smith reports 7.22% stake in Park Hotels
Donald Smith & Co., Inc., together with DSCO Value Fund, L.P., reports beneficial ownership of 14,534,708 shares of Park Hotels & Resorts Inc. common stock, representing 7.22% of the class.
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Donald Smith & Co., Inc., together with DSCO Value Fund, L.P., reports beneficial ownership of 14,534,708 shares of Park Hotels & Resorts Inc. common stock, representing 7.22% of the class. Donald Smith & Co., a Delaware corporation and investment adviser, holds sole voting power over 14,272,041 shares and sole dispositive power over 14,368,621 shares, with DSCO Value Fund holding additional voting and dispositive power over 166,087 shares. The economic rights to dividends and sale proceeds belong to the advisory clients, and to Donald Smith & Co.’s knowledge no single client holds more than five percent of the outstanding common stock.
Key Figures
Beneficial ownership:14,534,708 sharesPercent of class:7.22%Sole voting power – Donald Smith & Co., Inc.:14,272,041 shares+3 more
6 metrics
Beneficial ownership14,534,708 sharesCommon stock of Park Hotels & Resorts Inc. reported as beneficially owned
Percent of class7.22%Percentage of Park Hotels & Resorts Inc. common stock class
Sole voting power – Donald Smith & Co., Inc.14,272,041 sharesShares over which Donald Smith & Co., Inc. has sole voting power
Sole voting power – DSCO Value Fund, L.P.166,087 sharesShares over which DSCO Value Fund, L.P. has sole voting power
Sole dispositive power – Donald Smith & Co., Inc.14,368,621 sharesShares over which Donald Smith & Co., Inc. has sole dispositive power
Sole dispositive power – DSCO Value Fund, L.P.166,087 sharesShares over which DSCO Value Fund, L.P. has sole dispositive power
Key Terms
beneficially owned, sole voting power, sole dispositive power, Investment Company Act of 1940, +1 more
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"5 | Sole Voting Power 14,272,041.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerfinancial
"7 | Sole Dispositive Power 14,368,621.00 8 | Shared Dispositive Power 0.00"
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 Company Act of 1940regulatory
"shareholders of an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
discretionary authorityfinancial
"Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Park Hotels & Resorts Inc. (PK) is owned by Donald Smith & Co.?
Donald Smith & Co., Inc. reports beneficial ownership of 7.22% of Park Hotels & Resorts Inc. common stock, representing 14,534,708 shares held for its advisory clients under discretionary management.
How many Park Hotels & Resorts (PK) shares does Donald Smith & Co. report as beneficially owned?
Donald Smith & Co., Inc. reports beneficial ownership of 14,534,708 Park Hotels & Resorts Inc. common shares. This total includes shares managed for various advisory clients and DSCO Value Fund, L.P. under its investment authority.
What voting power does Donald Smith & Co. have over Park Hotels & Resorts (PK) shares?
Donald Smith & Co., Inc. reports sole voting power over 14,272,041 Park Hotels & Resorts shares, while DSCO Value Fund, L.P. has sole voting power over 166,087 shares, with no shared voting power reported.
Who ultimately receives dividends from the Park Hotels & Resorts (PK) shares managed by Donald Smith & Co.?
Dividends and sale proceeds from Park Hotels & Resorts shares are received by Donald Smith & Co.’s institutional clients or their custodians, as the firm serves solely as investment adviser and not as custodian of client assets.
Does any single client of Donald Smith & Co. own over 5% of Park Hotels & Resorts (PK)?
According to the disclosure, no single advisory client of Donald Smith & Co., Inc. owns more than 5% of Park Hotels & Resorts Inc.’s outstanding common stock among the securities reported.
How is DSCO Value Fund, L.P. involved in the Park Hotels & Resorts (PK) position?
DSCO Value Fund, L.P., organized in Delaware, holds 166,087 Park Hotels & Resorts shares with sole voting and dispositive power, and is identified as part of the reporting group with Donald Smith & Co., Inc.
Address or principal business office or, if none, residence:
152 West 57th Street
New York, NY 10019
(c)
Citizenship:
A Delaware Corporation
(d)
Title of class of securities:
Common
(e)
CUSIP Number(s):
700517105
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:
14,534,708
(b)
Percent of class:
7.22%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Donald Smith & Co., Inc. 14,272,041
DSCO Value Fund, L.P. 166,087
(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. 14,368,621
DSCO Value Fund, L.P. 166,087
(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.
Not Applicable
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 Park Hotels & Resorts Inc. No one person?s interest in the Common Stock of Park Hotels & Resorts Inc. 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.
Donald Smith & Co., Inc. IA
DSCO Value Fund, L.P. PN
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.
