[SCHEDULE 13G/A] United Homes Group, Inc SEC Filing

Rhea-AI Filing Summary

Schedule 13G/A (Amend. 2) for United Homes Group, Inc. (UHG) discloses that adviser Christopher M. Plahm, through two affiliated registered investment advisers, has passive beneficial ownership of 2,794,481 common shares, equal to 13 % of the outstanding class.

• Tall Pines Capital, LLC: 2,033,078 shares (9.4 %); sole voting/dispositive power: 0; shared voting power: all shares.
• Stonebridge Wealth Management, LLC: 761,403 shares (3.5 %); sole voting/dispositive power: 0; shared voting power: all shares.

No intent to influence control is stated; filing is under Rule 13d-1(b) for investment advisers. The event date triggering the amendment is 08 Aug 2025; signatures are dated 16 Jul 2025.

The combined 13 % stake signals growing institutional interest but remains below the 20 % level that could raise change-of-control concerns.

Positive

• 13 % passive stake by professional investment adviser may enhance market confidence and trading liquidity.
• Two RIAs involved (Tall Pines and Stonebridge) diversify ownership and indicate broader institutional participation.

Negative

• None.

Insights

Financial Analyst

TL;DR: Adviser controls 13 % of UHG via two RIAs; passive status, mildly bullish signal.

The filing aggregates Tall Pines (9.4 %) and Stonebridge (3.5 %) under Christopher Plahm’s control, taking total beneficial ownership to 13 %. Because Schedule 13G is filed under Rule 13d-1(b), the position is declared passive, implying no activist agenda. Nevertheless, a double-digit stake by a professional asset manager often lends support to liquidity and can improve market perception, especially for a relatively small-cap issuer. The absence of sole dispositive authority limits governance influence. Overall impact is positive but not transformative.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

UNITED HOMES GROUP, INC.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

91060H108

(CUSIP Number)

08/05/2025

(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. 91060H108

1

Names of Reporting Persons

TALL PINES CAPITAL, 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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,033,078.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,033,078.00

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)

9.4 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Tall Pines Capital, LLC also owns 2,502,345 in UHGWW

SCHEDULE 13G

CUSIP No. 91060H108

1

Names of Reporting Persons

STONEBRIDGE WEALTH 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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 761,403.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

761,403.00

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)

3.5 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Stonebridge Wealth Management, LLC also owns 3,622,817 UHGWW

SCHEDULE 13G

Item 1.
(a)	Name of issuer: UNITED HOMES GROUP, INC.
(b)	Address of issuer's principal executive offices: 917 CHAPIN ROAD, CHAPIN, SC, 29036
Item 2.
(a)	Name of person filing: CHRISTOPHER M. PLAHM
(b)	Address or principal business office or, if none, residence: 1010 JORIE BLVD, SUITE 144, OAK BROOK, IL 60523
(c)	Citizenship: USA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 91060H108
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: 2,794,481
(b)	Percent of class: 13%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,794,481
	(iii) Sole power to dispose or to direct the disposition of: 0
	(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 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.

TALL PINES CAPITAL, LLC

Signature:	/s/ CHRISTOPHER M PLAHM
Name/Title:	INVESMENT ADVISER
Date:	07/16/2025

STONEBRIDGE WEALTH MANAGEMENT, LLC

Signature:	/s/ CHRISTOPHER M PLAHM
Name/Title:	INVESTMENT ADVISER
Date:	07/16/2025

FAQ

How many United Homes Group (UHG) shares does Tall Pines Capital own?

Tall Pines Capital, LLC beneficially owns 2,033,078 common shares, representing 9.4 % of the class.

What is the total percentage of UHG stock controlled by Christopher M. Plahm?

Mr. Plahm controls 2,794,481 shares, equal to 13 % of outstanding common stock.

Is the reported position activist or passive?

The Schedule 13G was filed under Rule 13d-1(b), indicating a passive investment intent.

Does Stonebridge Wealth Management have sole voting power over its UHG shares?

No. Stonebridge reports 0 shares with sole voting power; all 761,403 shares are held with shared voting power.

When was the event date that triggered this Schedule 13G/A filing?

The reportable event occurred on 08/05/2025.