UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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 April 30, 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: 79
Form 13F Information Table Value Total: $711,163,000
List of Other Included Managers:
No. 13f file number Name
<PAGE>
<TABLE> FORM 13F INFORMATION TABLE
<C> <C>
TITLE OF VALUE SHARES/ SH/ PUT/INVSTMT OTHR VOTING AUTHRTY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALLDSCRETN MNGRS SOLE SHRD NON
ALLMERICA FINL CORP COM 019754100 13490 245000SH 245000 245000
AMER PACIFIC COM 028740108 3119 402500SH 402500 402500
AMERICAN NAT'L INS CO COM 028591105 8159 122000SH 122000 122000
AMPCO-PITT COM 032037103 4666 472500SH 472500 472500
ANDERSON'S COM 034164103 1487 122669SH 122669 122669
ANNALY MTG MGM COM 035710409 6250 625000SH 625000 625000
ARMCO STEEL COM 042170100 15529 3499000SH 3499000 3499000
ASARCO INC COM 043413103 17768 1286300SH 1286300 1286300
AUDIOVOX COM 050757103 5674 856400SH 856400 856400
AYDIN CORP COM 054681101 1904 144400SH 144400 144400
BEI MEDICAL COM 05538P104 148 98500SH 98500 98500
BELL INDS COM 078107109 3895 375460SH 375460 375460
BOISE CASCADE CORP COM 097383103 28586 886400SH 886400 886400
BROWN & SHARPE COM 115223109 3066 636900SH 636900 636900
CNA FINL CORP COM 126117100 15021 387000SH 387000 387000
CASE CORP COM 14743R103 40471 1594900SH 1594900 1594900
CASTLE & COOKE COM 148433105 10350 773800SH 773800 773800
COAST FEDERAL LITIGATION COM 19034Q110 4048 681600SH 681600 681600
COMMONWEALTH INDS COM 203004106 7056 784000SH 784000 784000
CORN PRODS INTL INC COM 219023108 8378 350000SH 350000 350000
CROWN CENT PETE CORP COM 228219309 1869 253400SH 253400 253400
CYPRUS AMAX MINERALS CO COM 232809103 33526 2765000SH 2765000 2765000
DELTA WOODSIDE COM 247909104 1444 300000SH 300000 300000
ESCO ELECTRS CORP COM 269030201 5967 663000SH 663000 663000
FORD MTR CO DEL COM 345370100 3685 65000SH 65000 65000
FOSTER L B CO COM 350060109 1320 285400SH 285400 285400
GENERAL MTRS CORP COM 370442105 48981 563000SH 563000 563000
GOLDEN STATE BANCORP LIT COM 381197136 3454 713000SH 713000 713000
GREAT ATLANTIC & PAC TEA COM 390064103 10401 346700SH 346700 346700
GUARANTEE LIFE COM 400740106 2419 142300SH 142300 142300
HANDELMAN CO DEL COM 410252100 1497 111900SH 111900 111900
HOVNANIAN COM 442487203 2933 391000SH 391000 391000
IMATION COM 45245A107 1087 65900SH 65900 65900
INTERGRAPH CORP COM 458683109 10463 1550000SH 1550000 1550000
INTL ALUM COM 458884103 1012 40700SH 40700 40700
INTL RECIFIERS COM 460254105 6090 870000SH 870000 870000
INTL SHIPHOLDING COM 460321201 4001 320100SH 320100 320100
KLM AIRLINES COM 482516101 8952 322600SH 322600 322600
KMART COM 482584109 48346 2875500SH 2875500 2875500
KMART - KM PrT PFD 498778208 4538 75000SH 75000 75000
LEHMAN BROS COM 524908100 2988 50000SH 50000 50000
LTV CORP COM 501921100 20741 3858700SH 3858700 3858700
MARITRANS COM 570363101 3264 567700SH 567700 567700
MARSH SUPERMKTS COM 571783208 2578 217100SH 217100 217100
McMORAN EXPLORATION COM 582411104 1539 95062SH 95062 95062
MDC HOLDINGS COM 552676108 6633 461400SH 461400 461400
MERCHANTS GROUP INC COM 588539106 1894 90200SH 90200 90200
MONARCH MACH TOOLS CO COM 609150107 1071 155800SH 155800 155800
NATIONAL STEEL CORP COM 637844309 22053 2673100SH 2673100 2673100
NORD RES CORP COM 655555100 61 972400SH 972400 972400
NORTEAST UTILS COM 664397106 40862 2945000SH 2945000 2945000
OFFSHORE LOGISTICS COM 676255102 2488 214000SH 214000 214000
ORANGE CO INC NEW COM 684177108 2171 408600SH 408600 408600
OVERSEAS SHIPHOLDING COM 690368105 2656 228500SH 228500 228500
PERINI COM 713839108 1028 235000SH 235000 235000
PFF BANCORP COM 69331W104 6650 380000SH 380000 380000
POPE & TALBOT COM 732827100 4242 665400SH 665400 665400
PUBLIC SERVICE CO N MEX COM 744499104 27933 1643100SH 1643100 1643100
PULTE HOMES CORP COM 745867101 12725 611400SH 611400 611400
RAILTEX COM 750766107 1445 127000SH 127000 127000
ROUGE INDS INC NEW COM 779099100 9001 1028700SH 1028700 1028700
RYERSON TULL INC NEW COM 78375P107 10887 741176SH 741176 741176
RYLAND GROUP INC COM 783764103 10776 425700SH 425700 425700
SILICON VALLEY GROUP COM 827066101 5104 414500SH 414500 414500
SPARTON CORP COM 847235108 2201 382700SH 382700 382700
STANDARD MICROSYSTEMS COM 853626109 906 115000SH 115000 115000
STANDARD PAC CORP NEW COM 85375C101 4035 313400SH 313400 313400
STBI SYSTEMS COM 784741100 2949 377500SH 377500 377500
STEWART & STEVENSON COM 860342104 8072 1050000SH 1050000 1050000
STEWART INFO SERVICES COM 860372101 2937 87500SH 87500 87500
TEEKAY SHIPPING COM V89564104 11938 723500SH 723500 723500
TIG HLDGS INC COM 872469101 27977 1715000SH 1715000 1715000
U S HOME CORP NEW COM 911920106 13866 425000SH 425000 425000
ULTRAMAR DIAMOND SHAMROC COM 904000106 3487 161231SH 161231 161231
UNITED INDUSTRIAL COM 910671106 2620 235500SH 235500 235500
WEIRTON STL CORP COM 948774104 1836 1276700SH 1276700 1276700
WHEELING PITTSBURGH CORP COM 929248102 6536 830000SH 830000 830000
YELLOW CORP COM 985509108 16680 960000SH 960000 960000
ZAPATA COM 989070503 3283 367300SH 367300 367300
711163
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