SCHEDULE: Donald Smith & Co. Discloses 5.26% Stake in M/I Homes

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. reported a combined beneficial ownership of 5.26% of M/I Homes, Inc. common stock as of June 30, 2025.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. collectively beneficially own 1,408,390 shares of M/I Homes, Inc. common stock.
• This ownership represents 5.26% of the total outstanding common stock of M/I Homes, Inc.
• Donald Smith & Co., Inc. holds sole voting power over 1,363,124 shares and sole dispositive power over 1,395,514 shares.
• DSCO Value Fund, L.P. holds sole voting power over 12,876 shares and sole dispositive power over 12,876 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of M/I Homes, Inc.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or outlook.

Positives

• A significant stake (over 5%) by an institutional investment firm like Donald Smith & Co., Inc. can signal confidence in the company's long-term prospects.
• The filing indicates a passive investment strategy, suggesting the firm is not seeking to disrupt current management or operations.

Risks

• The filing itself does not detail specific risks related to M/I Homes, Inc.'s business operations or financial health, as it is solely an ownership disclosure.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding M/I Homes, Inc.'s future performance or strategic direction.

Management Comments

• "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."

Industry Context

This filing is a standard disclosure of beneficial ownership by an institutional investor in a publicly traded homebuilding company. It does not provide specific insights into broader industry trends or competitive dynamics beyond the fact of the investment itself.

Stakeholder Impact

• Shareholders may view the disclosure of a significant stake by an institutional investor as a positive signal, potentially increasing investor confidence in M/I Homes, Inc.

Key Dates

Keywords

M/I Homes, Donald Smith & Co., DSCO Value Fund, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investment, Homebuilder, Real Estate