Dream Finders Homes, Inc. has its common stock held by several institutional investors that collectively report significant beneficial ownership positions as of June 30, 2026. Kayne Anderson Rudnick Investment Management, LLC reports 3,072,095 shares beneficially owned, representing 9.1% of the common stock. This includes 1,615,990 shares with sole voting power and 1,331,012 shares with shared voting and dispositive power, and 1,741,083 shares with sole dispositive power.
Virtus Investment Advisers, LLC reports beneficial ownership of 1,329,312 shares, or 3.9% of the class, all with shared voting and dispositive power. Virtus Equity Trust, on behalf of the Virtus KAR Small-Cap Growth Fund, reports 1,234,962 shares beneficially owned, representing 3.7% of the class, also entirely with shared voting and dispositive power. Certain amounts reported by Virtus-related entities are also included in the higher-level amounts reported by affiliated managers.
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Key Figures
Kayne Anderson Rudnick beneficial ownership:3,072,095 sharesKayne Anderson Rudnick percentage of class:9.1%Virtus Investment Advisers beneficial ownership:1,329,312 shares+4 more
7 metrics
Kayne Anderson Rudnick beneficial ownership3,072,095 sharesBeneficially owned common stock of Dream Finders Homes, Inc.; 9.1% of class
Kayne Anderson Rudnick percentage of class9.1%Percent of Dream Finders Homes common stock beneficially owned
Virtus Investment Advisers beneficial ownership1,329,312 sharesBeneficially owned DFH common stock; 3.9% of class
Virtus KAR Small-Cap Growth Fund beneficial ownership1,234,962 sharesBeneficially owned DFH common stock; 3.7% of class
Kayne Anderson sole voting power1,615,990 sharesDFH shares over which Kayne Anderson Rudnick has sole voting power
Kayne Anderson shared voting power1,331,012 sharesDFH shares over which Kayne Anderson Rudnick has shared voting power
Virtus Investment shared voting power1,329,312 sharesDFH shares over which Virtus Investment Advisers has shared voting power
Key Terms
beneficially owned, sole voting power, shared voting power, sole dispositive power, +1 more
5 terms
beneficially ownedfinancial
"Amount beneficially owned: (1)Kayne Anderson Rudnick Investment Management,LLC:3,072,095"
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.
sole voting powerfinancial
"Number of shares as to which the person has | (i) Sole power to vote"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared voting powerfinancial
"(ii) Shared power to vote or to direct the vote"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
sole dispositive powerfinancial
"(iii) Sole power to dispose or to direct the disposition of"
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.
shared dispositive powerfinancial
"(iv) Shared power to dispose or to direct the disposition of"
FAQ
What ownership stake in DFH does Kayne Anderson Rudnick report?
Kayne Anderson Rudnick Investment Management, LLC reports 3,072,095 DFH shares beneficially owned, representing 9.1% of Dream Finders Homes’ common stock, with a mix of sole and shared voting and dispositive powers.
How many DFH shares does Virtus Investment Advisers, LLC beneficially own?
Virtus Investment Advisers, LLC reports beneficial ownership of 1,329,312 DFH shares, equal to 3.9% of Dream Finders Homes’ common stock, all held with shared voting and shared dispositive power.
What is Virtus KAR Small-Cap Growth Fund’s position in DFH?
Virtus Equity Trust, on behalf of the Virtus KAR Small-Cap Growth Fund, reports 1,234,962 DFH shares beneficially owned, representing 3.7% of the common stock, all with shared voting and shared dispositive power.
What voting powers does Kayne Anderson Rudnick have over DFH shares?
Kayne Anderson Rudnick reports 1,615,990 DFH shares with sole voting power and 1,331,012 with shared voting power, reflecting both direct control and shared authority over Dream Finders Homes shares.
Are Virtus-related DFH holdings double-counted across reporting entities?
Yes. The disclosure states that amounts reported for certain Virtus entities are also included in the totals reported by affiliated managers, indicating overlapping beneficial ownership reporting of DFH shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 11)
Dream Finders Homes, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
26154D100
(CUSIP Number)
06/30/2026
(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):
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
1,615,990.00
6
Shared Voting Power
1,331,012.00
7
Sole Dispositive Power
1,741,083.00
8
Shared Dispositive Power
1,331,012.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,072,095.00
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)
9.1 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
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
1,329,312.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,329,312.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,329,312.00
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)
3.9 %
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 Number(s):
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
1,234,962.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,234,962.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,234,962.00
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)
3.7 %
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, CA 90067, United States (2) Virtus Investment Advisers, LLC - One Financial Plaza, Hartford, CT 06103, United States (3) Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund - 101 Munson Street, Greenfield, MA 01301, 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:
Common Stock
(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:3,072,095 (2)Virtus Investment Advisers,LLC:1,329,312 (3)Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund:1,234,962
(b)
Percent of class:
(1)Kayne Anderson Rudnick Investment Management,LLC:9.1 (2)Virtus Investment Advisers,LLC:3.9 (3)Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund:3.7
(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:1,615,990 (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:1,331,012 (2)Virtus Investment Advisers,LLC:1,329,312 (3)Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund:1,234,962
(iii) Sole power to dispose or to direct the disposition of:
(1)Kayne Anderson Rudnick Investment Management,LLC:1,741,083 (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:1,331,012 (2)Virtus Investment Advisers,LLC:1,329,312 (3)Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund:1,234,962
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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:
08/13/2026
Virtus Investment Advisers, LLC
Signature:
/s/James Sena
Name/Title:
Chief Compliance Officer
Date:
08/13/2026
Virtus Equity Trust on behalf of Virtus KAR Small-Cap Growth Fund
