UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if amendment [ ]; Amendment Number:
This Amendment (check only one.) [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Donald Smith & Co., Inc.
Address: East 80 Route 4, Suite 360
Paramus, New Jersey 07652
13F File Number: 10798
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that
all required items, statements, schedules, lists, and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Donald Smith
Title: President
Phone: 201-368-9210
Signature, Place and Date of Signing:
Donald Smith Paramus, New Jersey November 03,1999
Report Type (check only one.):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 74
Form 13F Information Table Value Total: $655,278,000
List of Other Included Managers:
No. 13f file number Name
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<TABLE> 13 F INFORMATION TABLE
<C> <C> <C>
TITLE VALUE SHARES/ SH/ INVSTMT O VOTING AUTHRTY
NAME OF ISSUER CLASS CUSIP (X 1000) PRN AMT PRN DSCRETN M SOLE SHR SHNON
ALLMERICA FINC'L COM 019754100 4763 100000 SH 100000 100000
AGCO CORP. COM 001084102 517 39800 SH 39800 39800
AMERICAN NATIONAL COM 028591105 10184 152000 SH 152000 152000
ANDERSONS COM 034164103 1073 122669 SH 122669 122669
AMPCO-PITTSBURGH COM 032037103 6379 472500 SH 472500 472500
AMERICAN PACIFIC COM 028740108 2730 346700 SH 346700 346700
ASARCO INC. COM 043413103 44955 1665000 SH 1665000 1665000
ARMCO INC. COM 042170100 19941 2848700 SH 2848700 2848700
BOISE CASCADE COM 097383103 4008 110000 SH 110000 110000
BELL INDUSTRIES COM 078107109 438 100000 SH 100000 100000
BROWN & SHARPE COM 115223109 1513 636900 SH 636900 636900
COAST CPR TRUST COM 19034Q110 703 681600 SH 681600 681600
CASTLE & COOKE COM 148433105 12973 843800 SH 843800 843800
COMMONWEALTH IND., INC. COM 203004106 5698 424000 SH 424000 424000
CNA FINANCIAL CORP. COM 126117100 10500 300000 SH 300000 300000
CROWN PETROLEUM B COM 228219309 1520 253400 SH 253400 253400
CORN PRODUCTS INT'L COM 219023108 10580 347600 SH 347600 347600
CASE COM 14743R103 58525 1174900 SH 1174900 1174900
CYPRUS-AMAX MINERALS COM 232809103 42684 2175000 SH 2175000 2175000
DELTA WOODSIDE COM 247909104 788 300000 SH 300000 300000
DELPHI AUTOMOTIVE SYSTEMSCOM 247126105 4693 292151 SH 292151 292151
ESCO ELECTRONICS COM 269030201 7376 663000 SH 663000 663000
L.B. FOSTER COM 350060109 1712 355700 SH 355700 355700
GREAT ATL & PACIFIC COM 390064103 3031 100000 SH 100000 100000
GUILFORD MILLS COM 401794102 5123 594000 SH 594000 594000
GENERAL MOTORS COM 370442105 29455 468000 SH 468000 468000
GOLDEN ST BANC LIT WARRANCOM 381197136 847 713000 SH 713000 713000
GUARANTEE LIFE COM 400740106 3820 125000 SH 125000 125000
GENESIS WORLDWIDE INC COM 37184G104 755 145500 SH 145500 145500
HOVNANIAN COM 442487203 4999 645000 SH 645000 645000
INT'L ALUMINUM COM 458884103 1122 40700 SH 40700 40700
INTERGRAPH COM 458683109 9314 1655800 SH 1655800 1655800
INT'L SHIPHOLDING COM 460321201 3641 320100 SH 320100 320100
KLM COM 482516101 18355 702600 SH 702600 702600
KMART COM 482584109 14721 1259500 SH 1259500 1259500
KMART--KM PrT COM 498778208 3572 75000 SH 75000 75000
LEHMAN BROS. COM 524908100 2919 50000 SH 50000 50000
LTV CORP. COM 501921100 27052 4974700 SH 4974700 4974700
MARSH SUPERMKTS B COM 571783208 2687 217100 SH 217100 217100
MDC HOLDINGS COM 552676108 3066 189400 SH 189400 189400
ANNALY MORTGAGE COM 035710409 5009 537800 SH 537800 537800
NORD RESOURCES COM 655555100 365 972400 SH 972400 972400
NATIONAL STEEL COM 637844309 18680 2692400 SH 2692400 2692400
NORTHEAST UTILITIES COM 664397106 38867 2115200 SH 2115200 2115200
ORANGE-CO. INC. COM 684177108 2930 430100 SH 430100 430100
OFFSHORE LOGISTICS COM 676255102 5368 520500 SH 520500 520500
OVERSEAS SHIPHOLDG GRP COM 690368105 8554 554100 SH 554100 554100
PERINI COM 713839108 823 235000 SH 235000 235000
PFF BANCORP COM 69331W104 1238 60000 SH 60000 60000
PULTE HOMES COM 745867101 8687 399400 SH 399400 399400
PUBLIC SVC. NEW MEXICO COM 744499104 24849 1361600 SH 1361600 1361600
POPE & TALBOT COM 732827100 6997 565400 SH 565400 565400
ROUGE INDUSTRIES COM 779099100 8140 1103700 SH 1103700 1103700
RYERSON TULL COM 78375P107 16418 709988 SH 709988 709988
RAILTEX COM 750766107 3589 217500 SH 217500 217500
RYLAND COM 783764103 8286 364200 SH 364200 364200
STANDARD MICROSYSTEMS COM 853626109 4084 441500 SH 441500 441500
SPARTON CORP. COM 847235108 2105 382700 SH 382700 382700
STANDARD PACIFIC COM 85375C101 2359 230100 SH 230100 230100
STEWART & STEVENSON COM 860342104 3150 240000 SH 240000 240000
STEWART INFO SVCS. COM 860372101 2463 134500 SH 134500 134500
SILICON VALLEY COM 827066101 4329 366500 SH 366500 366500
3DFX INTERACTIVE COM 88553X103 456 55250 SH 55250 55250
TEEKAY SHIPPING COM V89564104 20023 1281500 SH 1281500 1281500
MARITRANS INC. COM 570363101 3073 599600 SH 599600 599600
U.S. HOME COM 911920106 18384 661000 SH 661000 661000
UNITED INDUSTRIAL COM 910671106 1865 203000 SH 203000 203000
USEC, INC. COM 90333E108 10250 1000000 SH 1000000 1000000
VALERO ENERGY CORP. COM 91913Y100 578 30000 SH 30000 30000
AUDIOVOX COM 050757103 3320 191100 SH 191100 191100
WHEELING-PITTSBURGH COM 929248102 8300 830000 SH 830000 830000
WEIRTON STEEL COM 948774104 1834 863100 SH 863100 863100
YELLOW CORP. COM 985509108 18178 1097500 SH 1097500 1097500
ZAPATA COM 989070503 2997 599300 SH 599300 599300
655278
</TABLE
<PAGE>
</TABLE>
<TABLE> FORM 13F INFORMATION TABLE
<C> <C>
TITLE VALUE SHARES/ SH/ INVSTMT O VOTING
AUTHRTY
NAME OF ISSUER CLASS CUSIP (X 1000) PRN AMT PRN DSCRETN M SOLE
SHR NON SHRD NON
ALLMERICA FINC'L COM 019754100 4763 100000 SH 100000 100000
AGCO CORP. COM 001084102 517 39800 SH 39800 39800
AMERICAN NATIONAL COM 028591105 10184 152000 SH 152000 152000
ANDERSONS COM 034164103 1073 122669 SH 122669 122669
AMPCO-PITTSBURGH COM 032037103 6379 472500 SH 472500 472500
AMERICAN PACIFIC COM 028740108 2730 346700 SH 346700 346700
ASARCO INC. COM 043413103 44955 1665000 SH 1665000 1665000
ARMCO INC. COM 042170100 19941 2848700 SH 2848700 2848700
BOISE CASCADE COM 097383103 4008 110000 SH 110000 110000
BELL INDUSTRIES COM 078107109 438 100000 SH 100000 100000
BROWN & SHARPE COM 115223109 1513 636900 SH 636900 636900
COAST CPR TRUST COM 19034Q110 703 681600 SH 681600 681600
CASTLE & COOKE COM 148433105 12973 843800 SH 843800 843800
COMMONWEALTH IND., INC. COM 203004106 5698 424000 SH 424000 424000
CNA FINANCIAL CORP. COM 126117100 10500 300000 SH 300000 300000
CROWN PETROLEUM B COM 228219309 1520 253400 SH 253400 253400
CORN PRODUCTS INT'L COM 219023108 10580 347600 SH 347600 347600
CASE COM 14743R103 58525 1174900 SH 1174900 1174900
CYPRUS-AMAX MINERALS COM 232809103 42684 2175000 SH 2175000 2175000
DELTA WOODSIDE COM 247909104 788 300000 SH 300000 300000
DELPHI AUTOMOTIVE SYSTEMSCOM 247126105 4693 292151 SH 292151 292151
ESCO ELECTRONICS COM 269030201 7376 663000 SH 663000 663000
L.B. FOSTER COM 350060109 1712 355700 SH 355700 355700
GREAT ATL & PACIFIC COM 390064103 3031 100000 SH 100000 100000
GUILFORD MILLS COM 401794102 5123 594000 SH 594000 594000
GENERAL MOTORS COM 370442105 29455 468000 SH 468000 468000
GOLDEN ST BANC LIT WARRANCOM 381197136 847 713000 SH 713000 713000
GUARANTEE LIFE COM 400740106 3820 125000 SH 125000 125000
GENESIS WORLDWIDE INC COM 37184G104 755 145500 SH 145500 145500
HOVNANIAN COM 442487203 4999 645000 SH 645000 645000
INT'L ALUMINUM COM 458884103 1122 40700 SH 40700 40700
INTERGRAPH COM 458683109 9314 1655800 SH 1655800 1655800
INT'L SHIPHOLDING COM 460321201 3641 320100 SH 320100 320100
KLM COM 482516101 18355 702600 SH 702600 702600
KMART COM 482584109 14721 1259500 SH 1259500 1259500
KMART--KM PrT COM 498778208 3572 75000 SH 75000 75000
LEHMAN BROS. COM 524908100 2919 50000 SH 50000 50000
LTV CORP. COM 501921100 27052 4974700 SH 4974700 4974700
MARSH SUPERMKTS B COM 571783208 2687 217100 SH 217100 217100
MDC HOLDINGS COM 552676108 3066 189400 SH 189400 189400
ANNALY MORTGAGE COM 035710409 5009 537800 SH 537800 537800
NORD RESOURCES COM 655555100 365 972400 SH 972400 972400
NATIONAL STEEL COM 637844309 18680 2692400 SH 2692400 2692400
NORTHEAST UTILITIES COM 664397106 38867 2115200 SH 2115200 2115200
ORANGE-CO. INC. COM 684177108 2930 430100 SH 430100 430100
OFFSHORE LOGISTICS COM 676255102 5368 520500 SH 520500 520500
OVERSEAS SHIPHOLDG GRP COM 690368105 8554 554100 SH 554100 554100
PERINI COM 713839108 823 235000 SH 235000 235000
PFF BANCORP COM 69331W104 1238 60000 SH 60000 60000
PULTE HOMES COM 745867101 8687 399400 SH 399400 399400
PUBLIC SVC. NEW MEXICO COM 744499104 24849 1361600 SH 1361600 1361600
POPE & TALBOT COM 732827100 6997 565400 SH 565400 565400
ROUGE INDUSTRIES COM 779099100 8140 1103700 SH 1103700 1103700
RYERSON TULL COM 78375P107 16418 709988 SH 709988 709988
RAILTEX COM 750766107 3589 217500 SH 217500 217500
RYLAND COM 783764103 8286 364200 SH 364200 364200
STANDARD MICROSYSTEMS COM 853626109 4084 441500 SH 441500 441500
SPARTON CORP. COM 847235108 2105 382700 SH 382700 382700
STANDARD PACIFIC COM 85375C101 2359 230100 SH 230100 230100
STEWART & STEVENSON COM 860342104 3150 240000 SH 240000 240000
STEWART INFO SVCS. COM 860372101 2463 134500 SH 134500 134500
SILICON VALLEY COM 827066101 4329 366500 SH 366500 366500
3DFX INTERACTIVE COM 88553X103 456 55250 SH 55250 55250
TEEKAY SHIPPING COM V89564104 20023 1281500 SH 1281500 1281500
MARITRANS INC. COM 570363101 3073 599600 SH 599600 599600
U.S. HOME COM 911920106 18384 661000 SH 661000 661000
UNITED INDUSTRIAL COM 910671106 1865 203000 SH 203000 203000
USEC, INC. COM 90333E108 10250 1000000 SH 1000000 1000000
VALERO ENERGY CORP. COM 91913Y100 578 30000 SH 30000 30000
AUDIOVOX COM 050757103 3320 191100 SH 191100 191100
WHEELING-PITTSBURGH COM 929248102 8300 830000 SH 830000 830000
WEIRTON STEEL COM 948774104 1834 863100 SH 863100 863100
YELLOW CORP. COM 985509108 18178 1097500 SH 1097500 1097500
ZAPATA COM 989070503 2997 599300 SH 599300 599300
655278
</TABLE>
