Conifer discloses 1,349,600 SDHC shares, 15.0% passive stake

Rhea-AI Filing Summary

Conifer Management, L.L.C. filed a Schedule 13G/A (Amendment No. 1) reporting beneficial ownership of 1,349,600 shares of Smith Douglas Homes Corp. (SDHC) Class A common stock, representing 15.0% of the class. The filing lists sole voting and sole dispositive power over the same 1,349,600 shares. The “Date of Event Which Requires Filing” is 10/31/2025.

Conifer identifies as an investment adviser and control person (IA, CO) and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Insights

Equity ownership & governance analyst

Passive 13G/A: Conifer reports 15.0% of SDHC.

Conifer Management, L.L.C. reported beneficial ownership of 1,349,600 Class A shares of SDHC, equal to 15.0% of the class, with sole voting and dispositive power. The event date is 10/31/2025.

This is a Schedule 13G/A, indicating a passive filing. The certification states the position was acquired and is held in the ordinary course and not to change or influence control.

Implications are administrative: disclosure of a sizable passive stake. Actual market impact depends on future ownership changes disclosed in subsequent filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Smith Douglas Homes Corp.

(Name of Issuer)

Class A common Stock, $0.0001 par value per share

(Title of Class of Securities)

83207R107

(CUSIP Number)

10/31/2025

(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. 83207R107

1

Names of Reporting Persons

Conifer Management, L.L.C.

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 1,349,600.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,349,600.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,349,600.00

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)

15.0 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Smith Douglas Homes Corp.
(b)	Address of issuer's principal executive offices: 110 VILLAGE TRAIL, SUITE 215, WOODSTOCK, GA, 30188
Item 2.
(a)	Name of person filing: Conifer Management, L.L.C.
(b)	Address or principal business office or, if none, residence: 45 ROCKEFELLER PLAZA, 34TH FLOOR NEW YORK, NY, 10111
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A common Stock, $0.0001 par value per share
(e)	CUSIP No.: 83207R107
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: 1,349,600
(b)	Percent of class: 15.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,349,600
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,349,600
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

Conifer Management, L.L.C.

Signature:	By: /s/ Gregory Alexander
Name/Title:	Gregory Alexander / Managing Member
Date:	11/07/2025

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

FAQ

What stake in SDHC did Conifer Management report?

Conifer reported beneficial ownership of 1,349,600 Class A shares, or 15.0% of Smith Douglas Homes Corp.

Is Conifer’s SDHC filing passive or active?

It is a Schedule 13G/A (Amendment No. 1), indicating a passive filing with a control-neutral certification.

What voting and dispositive powers did Conifer report over SDHC shares?

Conifer reported sole voting power over 1,349,600 shares and sole dispositive power over 1,349,600 shares.

What is the date of the event requiring this SDHC filing?

The “Date of Event Which Requires Filing” is 10/31/2025.

Who signed the SDHC Schedule 13G/A for Conifer?

The filing was signed by Gregory Alexander, Managing Member, on 11/07/2025.

How is Conifer classified in the SDHC filing?

Conifer is classified as IA, CO (investment adviser, control person).

What does Conifer’s certification in the SDHC filing state?

It states the securities were acquired and are held in the ordinary course and not to change or influence control of the issuer.