Investment Adviser Conifer Holds 500,000 Shares (5.6%) of SDHC

Rhea-AI Filing Summary

Conifer Management, L.L.C. reports beneficial ownership of 500,000 shares of Smith Douglas Homes Corp. Class A common stock, representing 5.6% of the class. The filing states Conifer has sole voting and sole dispositive power over the shares, indicating it controls how the shares are voted and sold.

The Schedule 13G includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure informs investors that a single institutional filer holds a material passive stake in SDHC without an expressed intent to seek control.

Positive

• Conifer Management reports beneficial ownership of 500,000 shares representing a material 5.6% stake in SDHC
• Sole voting and sole dispositive power reported for the 500,000 shares, clarifying control over voting and disposition

Negative

• None.

Insights

Financial Analyst

TL;DR: Conifer holds a material passive stake of 5.6% (500,000 shares) with sole voting and dispositive power.

The filing documents a notable passive position by an investment adviser, which is material because it exceeds the 5% reporting threshold. Sole voting and dispositive power means Conifer can determine voting outcomes for these shares and execute trades, which can affect float and potential block trade liquidity. The certification that holdings are in the ordinary course and not intended to influence control suggests no activist intent is declared in this filing. For investors, this is an ownership disclosure rather than a change in company governance or strategy.

Corporate Governance Expert

TL;DR: Disclosure signals a material passive investor presence but does not indicate active control or a governance change.

The Schedule 13G format and explicit certification in the filing indicate the reporting person classifies the position as passive. While a 5.6% stake is material and warrants attention from governance-watchers, the filer disclaims any intent to influence control. The combination of sole voting power and passive classification is notable: it gives the holder operational influence over votes if exercised, yet the filing documents no current intent to do so. This is an informational development relevant to ownership structure, not an immediate governance event.

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 common Stock, $0.0001 par value per share

(Title of Class of Securities)

83207R107

(CUSIP Number)

06/30/2025

(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 500,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 500,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

500,000.00

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)

5.6 %

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: Conifer Management, L.L.C. 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: 500,000
(b)	Percent of class: 5.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 500,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 500,000
	(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:	08/14/2025

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

Who filed the Schedule 13G for SDHC?

Conifer Management, L.L.C. filed the Schedule 13G reporting its holdings in Smith Douglas Homes Corp.

How many SDHC shares does Conifer Management report owning?

500,000 shares of Class A common stock are reported as beneficially owned by Conifer Management.

What percentage of SDHC does Conifer own according to the filing?

5.6% of the Class A common stock is reported as beneficially owned by Conifer.

Does Conifer have voting or dispositive power over the SDHC shares?

Yes. The filing reports sole voting power and sole dispositive power for the 500,000 shares.

Is Conifer seeking to influence control of Smith Douglas Homes (SDHC)?

No. The filing includes a certification stating the securities are held in the ordinary course of business and were not acquired to change or influence control.