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First Eagle Investment Management, LLC was deemed to beneficially own 509,874 Class A shares of Smith Douglas Homes Corp. (SDHC), or 6.08%, as of September 30, 2026, while acting as investment adviser to various clients. First Eagle Small Cap Opportunity Fund may be deemed to beneficially own 442,101 of those shares, or 5.27%. Each entity reported sole voting and sole dispositive power over its respective share amount.
Key Figures
Adviser beneficial ownership:509,874 sharesAdviser's ownership percentage:6.08%Fund beneficial ownership:442,101 shares+1 more
4 metrics
Adviser beneficial ownership509,874 sharesAs of September 30, 2026
Adviser's ownership percentage6.08%Of the common stock believed to be outstanding
Fund beneficial ownership442,101 sharesOf the adviser's 509,874 shares
Fund ownership percentage5.27%Of the company's common stock
Key Terms
beneficial owner, sole voting power, sole dispositive power, investment adviser
4 terms
beneficial ownerregulatory
"deemed to be the beneficial owner of 509,874 shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting powerregulatory
"Sole Voting Power 509,874.00"
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.
sole dispositive powerregulatory
"Sole Dispositive Power 509,874.00"
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.
investment adviserregulatory
"acting as investment adviser to various clients"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who receives dividends or sale proceeds from First Eagle's SDHC shares?
Clients of First Eagle Investment Management, LLC have the right to receive, and the ultimate power to direct the receipt of, dividends from the securities or proceeds from their sale.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Smith Douglas Homes Corp
(Name of Issuer)
Class A
(Title of Class of Securities)
83207R107
(CUSIP Number)
09/30/2026
(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):
83207R107
1
Names of Reporting Persons
First Eagle 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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
509,874.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
509,874.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
509,874.00
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)
6.1 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
83207R107
1
Names of Reporting Persons
FIRST EAGLE SMALL CAP OPPORTUNITY 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
442,101.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
442,101.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
442,101.00
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)
5.3 %
12
Type of Reporting Person (See Instructions)
IC
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:
First Eagle Investment Management, LLC, FIRST EAGLE SMALL CAP OPPORTUNITY FUND
(b)
Address or principal business office or, if none, residence:
First Eagle Investment Management, LLC - 1345 Avenue of the Americas, New York, 10105, New York, United States / FIRST EAGLE SMALL CAP OPPORTUNITY FUND - 1345 Avenue of the Americas, New York, 10105, New York, United States
(c)
Citizenship:
First Eagle Investment Management, LLC - DELAWARE, FIRST EAGLE SMALL CAP OPPORTUNITY FUND - DELAWARE
(d)
Title of class of securities:
Class A
(e)
CUSIP Number(s):
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:
509,874
(b)
Percent of class:
6.1 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
509,874
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
509,874
(iv) Shared power to dispose or to direct the disposition of:
0
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.
First Eagle Investment Management, LLC (FEIM), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 509,874 shares, or 6.08% of the common stock believed to be outstanding as a result of acting as investment adviser to various clients. Clients of FEIM have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the sale of, such securities. The First Eagle Small Cap Opportunity Fund, a registered investment company for which FEIM acts as investment adviser, may be deemed to beneficially own 442,101 of these 509,874 shares, or 5.27% of the Company's 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.
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.
