Kayne Anderson Rudnick Investment Management, LLC and affiliated Virtus entities report significant beneficial ownership of Dream Finders Homes Inc. Class A common shares on an amended Schedule 13G.
Kayne Anderson Rudnick reports beneficial ownership of 4,427,249 shares, or 12.6% of the class. Virtus Investment Advisers reports 2,307,754 shares, or 6.6%, and Virtus Equity Trust on behalf of the Virtus KAR Small-Cap Growth Fund reports 2,203,104 shares, or 6.3%. The filers detail sole and shared voting and dispositive power over these holdings and certify the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Dream Finders Homes.
What ownership stakes in Dream Finders Homes (DFH) are reported in this Schedule 13G/A?
The filing reports that Kayne Anderson Rudnick beneficially owns 4,427,249 Class A shares (12.6%). Virtus Investment Advisers reports 2,307,754 shares (6.6%), and Virtus Equity Trust on behalf of the Virtus KAR Small-Cap Growth Fund reports 2,203,104 shares (6.3%).
Who are the reporting persons in the DFH Schedule 13G/A Amendment No. 10?
The reporting persons are Kayne Anderson Rudnick Investment Management, LLC, Virtus Investment Advisers, LLC, and Virtus Equity Trust on behalf of the Virtus KAR Small-Cap Growth Fund. Each reports beneficial ownership and related voting and dispositive powers over Dream Finders Homes Class A shares.
How much voting power over DFH shares do the reporting entities disclose?
Kayne Anderson Rudnick reports sole voting power over 1,985,640 shares and shared voting power over 2,309,192 shares. Virtus Investment Advisers discloses shared voting power over 2,307,754 shares, while Virtus Equity Trust reports shared voting power over 2,203,104 shares.
Do the DFH Schedule 13G/A filers seek to influence control of Dream Finders Homes?
The filers certify that the DFH securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, nor in connection with any transaction aimed at achieving such control, other than limited nomination-related activities.
What dispositive power over Dream Finders Homes (DFH) shares is reported?
Kayne Anderson Rudnick reports sole dispositive power over 2,118,057 shares and shared dispositive power over 2,309,192 shares. Virtus Investment Advisers and Virtus Equity Trust each report shared dispositive power over 2,307,754 and 2,203,104 shares, respectively, with no sole dispositive power.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 10)
Dream Finders Homes Inc
(Name of Issuer)
Dream Finders Homes Ord Shs Class A
(Title of Class of Securities)
26154D100
(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.
26154D100
1
Names of Reporting Persons
Kayne Anderson Rudnick Investment Management, LLC
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
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,985,640.00
6
Shared Voting Power
2,309,192.00
7
Sole Dispositive Power
2,118,057.00
8
Shared Dispositive Power
2,309,192.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,427,249.00
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)
12.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
26154D100
1
Names of Reporting Persons
Virtus Investment Advisers, LLC
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
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,307,754.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,307,754.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,307,754.00
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)
6.6 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: The amounts reported on this page are also included in the amounts reported by Kayne Anderson Rudnick Investment Management, LLC on this Schedule 13G
SCHEDULE 13G
CUSIP No.
26154D100
1
Names of Reporting Persons
Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund
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
0.00
6
Shared Voting Power
2,203,104.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,203,104.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,203,104.00
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)
6.3 %
12
Type of Reporting Person (See Instructions)
IV
Comment for Type of Reporting Person: The amounts reported on this page are also included in the amounts reported by Virtus Investment Advisers, LLC on this Schedule 13G.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Dream Finders Homes Inc
(b)
Address of issuer's principal executive offices:
14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE, FL, 32256
Item 2.
(a)
Name of person filing:
(1) Kayne Anderson Rudnick Investment Management, LLC (2) Virtus Investment Advisers, LLC (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund
(b)
Address or principal business office or, if none, residence:
(1) Kayne Anderson Rudnick Investment Management, LLC - 2000 Avenue of the Stars, Suite 1110, Los Angeles, 90067, CA, United States (2) Virtus Investment Advisers, LLC - One Financial Plaza, Hartford, 06103, CT, United States (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund - 101 Munson Street, Greenfield, 01301, MA, United States
(c)
Citizenship:
(1) Kayne Anderson Rudnick Investment Management, LLC - CALIFORNIA (2) Virtus Investment Advisers, LLC - MASSACHUSETTS (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund- DELAWARE
(d)
Title of class of securities:
Dream Finders Homes Ord Shs Class A
(e)
CUSIP No.:
26154D100
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:
(1) Kayne Anderson Rudnick Investment Management, LLC: 4,427,249 (2) Virtus Investment Advisers, LLC: 2,307,754 (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund: 2,203,104
(b)
Percent of class:
(1) Kayne Anderson Rudnick Investment Management, LLC: 12.6% (2) Virtus Investment Advisers, LLC: 6.6% (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund: 6.3%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(1) Kayne Anderson Rudnick Investment Management, LLC: 1,985,640 (2) Virtus Investment Advisers, LLC: 0 (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund: 0
(ii) Shared power to vote or to direct the vote:
(1) Kayne Anderson Rudnick Investment Management, LLC: 2,309,192 (2) Virtus Investment Advisers, LLC: 2,307,754 (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund: 2,203,104
(iii) Sole power to dispose or to direct the disposition of:
(1) Kayne Anderson Rudnick Investment Management, LLC: 2,118,057 (2) Virtus Investment Advisers, LLC: 0 (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund: 0
(iv) Shared power to dispose or to direct the disposition of:
(1) Kayne Anderson Rudnick Investment Management, LLC: 2,309,192 (2) Virtus Investment Advisers, LLC: 2,307,754 (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund: 2,203,104
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.
With respect to securities owned by a registered investment company included in this filing, only the custodian for such investment company, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to have such right, except that the shareholders of such investment company participate proportionately in any dividends and distributions so paid.
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.
Not Applicable
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.
Kayne Anderson Rudnick Investment Management, LLC
Signature:
/s/Michael Shoemaker
Name/Title:
Chief Compliance Officer
Date:
02/13/2026
Virtus Investment Advisers, LLC
Signature:
/s/Chetram Persaud
Name/Title:
Chief Compliance Officer
Date:
02/13/2026
Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund
