Donald Smith & Co. Discloses 5.53% Stake in Tutor Perini (TPC)
Tutor Perini Corporation (TPC) Schedule 13G reports that Donald Smith & Co., Inc. and its affiliate DSCO Value Fund, L.P. together beneficially own 2,916,832 shares, representing approximately 5.53% of the outstanding common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Tutor Perini Corporation (TPC) Schedule 13G reports that Donald Smith & Co., Inc. and its affiliate DSCO Value Fund, L.P. together beneficially own 2,916,832 shares, representing approximately 5.53% of the outstanding common stock. Donald Smith & Co., Inc., a Delaware investment adviser, reports sole voting power for 2,807,910 shares and sole dispositive power for 2,884,000 shares; DSCO Value Fund reports sole voting and dispositive power for 32,832 shares. The filing states these positions are held in the ordinary course of business and not for the purpose of changing or influencing control. The schedule identifies the issuer’s principal office in Sylmar, California.
Insights
TL;DR: A registered investment adviser reports a passive stake of ~5.5%, notable but non-controlling.
Donald Smith & Co., Inc. discloses aggregate beneficial ownership of 2,916,832 shares (5.53%). The breakdown shows most voting and dispositive authority held solely by the adviser, indicating discretionary client positions under its management. The filing affirms the stake is held in the ordinary course and not intended to influence control, which frames this as a passive disclosure rather than an activist signal. For investors, this confirms a material institutional holder without change-of-control intent.
TL;DR: Ownership crosses the 5% disclosure threshold but the filer asserts no intent to influence control.
The Schedule 13G classification and the explicit certification indicate passive status under applicable rules. Reporting of sole voting power for 2.8M+ shares is important governance information because it shows where voting authority resides, even if exercised passively. No group control or dissident activity is reported, and the filing references exhibit-based group details where applicable. This is a routine, material ownership disclosure for governance monitoring.
AI-generated analysis. How Rhea-AI works. Not financial advice.