Donald Smith & Co., Inc. reports beneficial ownership of 2,986,562 shares of Beazer Homes USA Inc. common stock, representing 10.44% of the class on the Schedule 13G filing. The filing lists sole voting power of 2,857,648 shares and sole dispositive power of 2,942,348 shares attributed to Donald Smith & Co., Inc., with additional smaller direct holdings shown for DSCO Value Fund, L.P. (28,264), Jon Hartsel (9,700) and John Piermont (6,250). The filing states Donald Smith & Co. acts as investment adviser and that no single advisory client beneficially owns more than 5% of the class.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed; voting and disposition counts detailed.
The filing shows an institutional adviser group beneficially holding 2,986,562 shares (10.44%). The disclosed split between sole voting power (2,857,648) and sole dispositive power (2,942,348) indicates the adviser exercises both voting and sale authority for most shares it reports.
Key dependencies include the adviser-client relationship: the filing states discretionary authority can be revoked and that no single client owns more than 5%. Subsequent filings would show whether this position is passive or part of an active engagement strategy.
Disclosure frames advisory role and limits on client ownership.
The Schedule 13G identifies Donald Smith & Co., Inc. as an investment adviser and includes a Section 6 statement clarifying that dividend/proceeds rights rest with advisory clients. This preserves the adviser’s reporting obligations while noting client economic ownership.
Material items to watch in filings include any amendment changing status from passive to active or any Form 13D that would indicate activist intent; timing not specified in the provided excerpt.
Key Figures
Beneficial ownership:2,986,562 sharesPercent of class:10.44%Sole voting power:2,857,648 shares+4 more
Percent of class10.44%Percent of common stock reported
Sole voting power2,857,648 sharesSole power to vote listed for Donald Smith & Co.
Sole dispositive power2,942,348 sharesSole power to dispose listed for Donald Smith & Co.
DSCO Value Fund holdings28,264 sharesDSCO Value Fund, L.P. beneficial ownership
Jon Hartsel holdings9,700 sharesReported sole voting/dispositive power
John Piermont holdings6,250 sharesReported sole voting/dispositive power
Key Terms
Schedule 13G, Sole Dispositive Power, Beneficially Owned
3 terms
Schedule 13Gregulatory
"reports beneficial ownership of 2,986,562 shares on the Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Sole Dispositive Powerfinancial
"SOLE POWER TO DISPOSE: Donald Smith & Co., Inc. 2,942,348"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Beneficially Ownedfinancial
"Amount beneficially owned: 2,986,562 (b) Percent of class: 10.44%"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
How many Beazer Homes (BZH) shares does Donald Smith & Co. report holding?
Donald Smith & Co. reports beneficial ownership of 2,986,562 shares, equal to 10.44% of Beazer Homes' common stock. The Schedule 13G discloses voting and dispositive power breakdowns for the adviser and related persons.
Does Donald Smith & Co. control voting or disposition of the shares?
The filing lists sole voting power of 2,857,648 shares and sole dispositive power of 2,942,348 shares attributed to Donald Smith & Co. It indicates discretionary authority over most reported shares.
Are any advisory clients reported as owning more than 5% of BZH?
The filing states that, to Donald Smith & Co.'s knowledge, no single advisory client owns more than 5% of the class. Client-level ownership above 5% is not reported in this excerpt.
Which related parties are named in the ownership schedule?
Related holdings include DSCO Value Fund, L.P. with 28,264 shares, Jon Hartsel with 9,700 shares, and John Piermont with 6,250 shares, as shown in the Schedule 13G.
What does the filing say about dividend or sale proceeds rights?
The filing states that dividend and sale proceeds rights are vested with the adviser’s institutional clients rather than Donald Smith & Co., noting the adviser does not act as custodian and discretionary authority may be revoked.
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)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
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
2,857,648.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,942,348.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,986,562.00
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 Number(s):
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
28,264.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
28,264.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,986,562.00
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 Number(s):
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
2,986,562.00
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 Number(s):
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
2,986,562.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
Address or principal business office or, if none, residence:
152 West 57th Street, 29th Floor
New York, NY 10019
(c)
Citizenship:
A Delaware Corporation
(d)
Title of class of securities:
Common
(e)
CUSIP Number(s):
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:
2,986,562
(b)
Percent of class:
10.44%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
SOLE POWER TO VOTE:
Donald Smith & Co., Inc. 2,857,648
DSCO Value Fund, L.P. 28,264
Jon Harsel 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:
SOLE POWER TO DISPOSE:
Donald Smith & Co., Inc. 2,942,348
DSCO Value Fund, L.P. 28,264
Jon Harsel 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 USA Inc. No one person?s interest in the Common Stock of Beazer Homes USA Inc. 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.
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.
