Donald Smith & Co. (BZH) discloses 10.37% passive stake in Beazer Homes

Rhea-AI Filing Summary

Donald Smith & Co., Inc. and related investors filed a Schedule 13G reporting beneficial ownership of 3,014,788 shares of Beazer Homes USA common stock, equal to 10.37% of the class as of December 31, 2025.

The filing lists Donald Smith & Co., DSCO Value Fund, L.P., and individuals Jon Hartsel and John Piermont with sole voting and dispositive power over specified portions of these shares. The investors certify the holdings are kept in the ordinary course of business and are not intended to change or influence control of Beazer Homes USA.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BEAZER HOMES USA INC

(Name of Issuer)

Common

(Title of Class of Securities)

07556Q881

(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. 07556Q881

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 2,886,158.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,970,858.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,014,788.00

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)

10.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 07556Q881

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 27,980.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 27,980.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,014,788.00

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)

10.4 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 07556Q881

1

Names of Reporting Persons

Jon Hartsel

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,700.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,700.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,014,788.00

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)

10.4 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 07556Q881

1

Names of Reporting Persons

John Piermont

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,250.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,250.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,014,788.00

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)

10.4 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BEAZER HOMES USA INC
(b)	Address of issuer's principal executive offices: 2002 SUMMIT BLVD NE, 15TH FLOOR, ATLANTA, GEORGIA, 30319.
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 New York, NY 10019
(c)	Citizenship: A Delaware Corporation
(d)	Title of class of securities: Common
(e)	CUSIP No.: 07556Q881
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: 3,014,788
(b)	Percent of class: 10.37%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Donald Smith & Co., Inc. 2,886,158 DSCO Value Fund, L.P. 27,980 Jon Hartsel 9,700 John Piermont 6,250
	(ii) Shared power to vote or to direct the vote: SEE ITEM 6
	(iii) Sole power to dispose or to direct the disposition of: Donald Smith & Co., Inc. 2,970,858 DSCO Value Fund, L.P. 27,980 Jon Hartsel 9,700 John Piermont 6,250
	(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 Beazer Homes. No one person?s interest in the Common Stock of Beazer Homes 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 Jon Hartsel IN John Piermont IN
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:	02/12/2026

DSCO Value Fund, L.P.

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	02/12/2026

Jon Hartsel

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	02/12/2026

John Piermont

Signature:	Richard L. Greenberg
Name/Title:	CEO and Co-CIO
Date:	02/12/2026

FAQ

What stake in Beazer Homes USA (BZH) is reported in this Schedule 13G?

The filing reports beneficial ownership of 3,014,788 shares of Beazer Homes USA common stock, representing 10.37% of the outstanding class as of December 31, 2025. This crosses the 5% threshold that requires public disclosure.

Who are the reporting persons in the Beazer Homes USA (BZH) Schedule 13G?

The reporting persons are Donald Smith & Co., Inc., DSCO Value Fund, L.P., and individuals Jon Hartsel and John Piermont. Donald Smith & Co. is a Delaware corporation acting as investment adviser for institutional clients holding the reported Beazer Homes shares.

Does the Beazer Homes USA (BZH) Schedule 13G indicate an attempt to influence control?

No. The certifying statement says the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Beazer Homes USA, consistent with a passive investment filing under Schedule 13G.

How is voting and dispositive power over Beazer Homes (BZH) shares allocated among the filers?

The filing shows sole voting power for Donald Smith & Co., DSCO Value Fund, L.P., Jon Hartsel, and John Piermont over specified share amounts, with no shared voting or dispositive power. Donald Smith & Co. also reports sole dispositive power over a majority of the shares.

Who ultimately receives dividends and sale proceeds from the Beazer Homes USA (BZH) shares?

The filing states that Donald Smith & Co., Inc. is not the custodian of client assets. Dividends and sale proceeds are ultimately received by the institutional advisory clients and other account holders, with no single client owning more than 5% of Beazer’s outstanding common stock.

When was the Beazer Homes USA (BZH) ownership position measured for this Schedule 13G?

The ownership position is reported as of December 31, 2025, which is the stated date of the event requiring the filing. The Schedule 13G quantifies shares and percentage beneficially owned at that point in time.