Donald Smith & Co. reports 5.9% Ryerson (RYI) ownership stake

Rhea-AI Filing Summary

Donald Smith & Co., Inc., a Delaware investment adviser, has filed a Schedule 13G reporting beneficial ownership of 1,889,916 shares of Ryerson Holding Corp common stock, representing 5.9% of the class as of the event date 12/31/2025.

Donald Smith & Co., Inc. reports sole voting power over 1,763,637 shares and sole dispositive power over 1,872,427 shares. Its affiliate, DSCO Value Fund, L.P., has sole voting and dispositive power over 17,489 shares. The holdings are certified as acquired and held in the ordinary course of business, not to change or influence control of Ryerson.

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Accepted by SEC EDGAR 02/11/2026 - 02:59 PM Learn about SEC filing dates

FAQ

What does the Schedule 13G filing report for Ryerson Holding Corp (RYI)?

The Schedule 13G reports that Donald Smith & Co., Inc. and DSCO Value Fund, L.P. collectively beneficially own 1,889,916 Ryerson Holding Corp common shares, representing 5.9% of the outstanding class, based on an event date of December 31, 2025.

How many Ryerson (RYI) shares does Donald Smith & Co., Inc. control?

Donald Smith & Co., Inc. reports beneficial ownership within a total of 1,889,916 Ryerson shares, with sole voting power over 1,763,637 shares and sole dispositive power over 1,872,427 shares, acting as investment adviser to its institutional clients.

What percentage of Ryerson (RYI) does Donald Smith & Co., Inc. report owning?

The filing states that the reporting persons collectively beneficially own 5.9% of Ryerson Holding Corp’s common stock, based on 1,889,916 shares attributed to clients and related entities advised by Donald Smith & Co., Inc. and DSCO Value Fund, L.P.

What role does DSCO Value Fund, L.P. play in the Ryerson (RYI) ownership?

DSCO Value Fund, L.P. is listed as a separate reporting person, with sole voting and sole dispositive power over 17,489 Ryerson shares. It is identified alongside Donald Smith & Co., Inc. in Exhibit A as part of the group filing the Schedule 13G.

Is Donald Smith & Co., Inc. seeking control of Ryerson Holding Corp (RYI)?

The certification explicitly 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 Ryerson, nor in connection with any transaction intended to have that purpose or effect.

Who ultimately receives dividends and sale proceeds from the Ryerson (RYI) shares?

The filing explains that Donald Smith & Co., Inc. does not act as custodian. Dividends and sale proceeds are received by its institutional clients or their custodians, and no single client or other person is known to hold more than 5% of Ryerson’s common stock.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Ryerson Holding Corp

(Name of Issuer)

Common

(Title of Class of Securities)

783754101

(CUSIP Number)

12/31/2025

(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. 783754101

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 1,763,637.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,872,427.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,889,916.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 783754101

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 17,489.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 17,489.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,889,916.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ryerson Holding Corp
(b)	Address of issuer's principal executive offices: 227 W. MONROE ST., 27TH FLOOR, CHICAGO, ILLINOIS, 60606.
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.: 783754101
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: 1,889,916
(b)	Percent of class: 5.87%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: SOLE POWER TO VOTE: Donald Smith & Co., Inc. 1,763,637 DSCO Value Fund, L.P. 17,489
	(ii) Shared power to vote or to direct the vote: SEE ITEM 6
	(iii) Sole power to dispose or to direct the disposition of: SOLE POWER TO DISPOSE: Donald Smith & Co., Inc. 1,872,427 DSCO Value Fund, L.P. 17,489
	(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. 1. 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 Ryerson Holding Corp. No one person?s interest in the Common Stock of Ryerson Holding Corp 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. FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b) RULE 13d-1(f)(1) EXHIBIT A: 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.

DONALD SMITH & CO., INC.

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	02/11/2026

DSCO Value Fund, L.P.

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	02/11/2026