Donald Smith Value Fund, L.P.
Donald Smith Value Fund, L.P. is a hedge fund based in New York, New York. According to its most recent Form D, filed Apr 10, 2026, the fund has sold $274,869,421 of interests to 12 investors since its first sale in Jul 2009. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Richard Greenberg; Donald Smith, LLC; Donald Smith, L.P.
Performance
No verified returns have been reported for this fund. As a rough guide, Donald Smith & Co., Inc., which manages it, disclosed U.S. stock holdings that returned an estimated +9.0% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +63.1% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $274,869,421Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jul 1, 2009
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Richard Greenberg; Donald Smith, LLC; Donald Smith, L.P
- Latest Form D
- Apr 10, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Donald Smith Value Fund, L.P.
What is the minimum investment for Donald Smith Value Fund, L.P.?
According to its latest Form D, filed Apr 10, 2026, the minimum investment Donald Smith Value Fund, L.P. accepts from an outside investor is $1,000,000.
Who can invest in Donald Smith Value Fund, L.P.?
Donald Smith Value Fund, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Donald Smith Value Fund, L.P. raised?
Donald Smith Value Fund, L.P. reports $274,869,421 sold from 12 investors on its Form D filed Apr 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Donald Smith Value Fund, L.P. based?
Donald Smith Value Fund, L.P. is based in New York, New York and is managed by Donald Smith & Co., Inc..
When did Donald Smith Value Fund, L.P. launch?
Donald Smith Value Fund, L.P. reports its first sale in Jul 2009.
Size compared with every hedge fund
Raised more than 71% of the 2,544 hedge funds based in New York, and more than 74% of all 10,308 that report sales.