LENNAR CORP LEN
CL A · Common Stock · CUSIP 526057104 · ISIN US5260571048
American home construction and real estate company
- SectorIndustrials
- IndustryGeneral Bldg Contractors - Residential Bldgs
- HeadquartersMiami, FL
- Founded1954
- Websitelennar.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($331.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.46. Options: 20 managers hold calls ($308.6m notional), 33 hold puts ($671.0m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 704 |
| Q4 2022 | 764 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $224.7m | $432.8m | 1.93 |
| Q4 2022 | $308.6m | $671.0m | 2.17 |
Biggest buyers
| Capital World Investors | Added | +8.7m |
| CITADEL ADVISORS LLC | Added | +640.7k |
| Capital Research Global Investors | New | +603.9k |
| Invesco Ltd. | Added | +499.4k |
| GOLDMAN SACHS GROUP INC | Added | +492.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +472.5k |
| Qube Research & Technologies Ltd | Added | +464.4k |
| Duquesne Family Office LLC | New | +441.9k |
| Smead Capital Management, Inc. | Added | +415.4k |
| NORGES BANK | Added | +381.8k |
Biggest sellers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -3.8m |
| Sanders Capital, LLC | Reduced | -2.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.5m |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -1.7m |
| Aristotle Capital Management, LLC | Reduced | -945.8k |
| FMR LLC | Reduced | -898.3k |
| JPMORGAN CHASE & CO | Reduced | -780.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -642.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -559.0k |
| JANE STREET GROUP, LLC | Reduced | -534.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $166.3m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $34.7m383.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $32.4m358.5k shares |
| JANE STREET GROUP, LLC | Reduced | $20.4m225.8k shares |
| PEAK6 Investments LLC | Added | $10.5m116.1k shares |
| Walleye Trading LLC | Added | $9.0m99.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.9m98.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $7.3m81.2k shares |
| BARCLAYS PLC | First filing | $6.1m67.5k shares |
| D. E. Shaw & Co., Inc. | Added | $3.6m40.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $151.7m1.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $111.2m1.2m shares |
| Deer Park Road Corp | New | $90.5m1.0m shares |
| JANE STREET GROUP, LLC | Reduced | $47.2m522.0k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $40.7m450.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $23.5m259.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $23.1m255.4k shares |
| Parallax Volatility Advisers, L.P. | Added | $18.3m202.3k shares |
| 683 Capital Management, LLC | New | $18.1m200.0k shares |
| NOMURA HOLDINGS INC | New | $18.1m200.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BERKSHIRE HATHAWAY INC 13G · institution +6.3 pts · filed 2026-10-07 | 12.5% |
| BlackRock, Inc. 13G · institution -1.2 pts · filed 2026-01-21 | 7.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.9% |
| GREENHAVEN ASSOCIATES INC 13G · institution new · filed 2026-05-04 | 5.1% |
| EAGLE CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-05-15 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $1.6m | — |
| Q3 2022 | 0 | — | 1 | $1.2m | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 28.2m $2.6bn | Added +232.2k |
| Capital World Investors 0.50% of their portfolio | 25.8m $2.3bn | Added +8.7m |
| BlackRock Inc. 0.06% of their portfolio | 20.1m $1.8bn | Reduced -497.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.27% of their portfolio | 14.8m $1.3bn | Reduced -2.5m |
| Aristotle Capital Management, LLC 2.63% of their portfolio | 13.7m $1.2bn | Reduced -945.8k |
| STATE STREET CORP 0.06% of their portfolio | 11.0m $991.6m | Reduced -463.2k |
| GREENHAVEN ASSOCIATES INC 14.88% of their portfolio | 9.3m $838.4m | Reduced -55.5k |
| FMR LLC 0.08% of their portfolio | 8.9m $807.0m | Reduced -898.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.41% of their portfolio | 7.2m $652.5m | Reduced -3.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 5.2m $471.4m | Added +43.2k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 3.5m $314.2m | Added +24.1k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 3.1m $278.7m | Reduced -642.3k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 3.0m $270.9m | Reduced -24.6k |
| Sanders Capital, LLC 0.70% of their portfolio | 3.0m $268.3m | Reduced -2.8m |
| Smead Capital Management, Inc. 5.74% of their portfolio | 3.0m $268.1m | Added +415.4k |
| MORGAN STANLEY 0.03% of their portfolio | 2.8m $252.8m | Added +21.1k |
| Invesco Ltd. 0.07% of their portfolio | 2.5m $228.9m | Added +499.4k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.5m $223.3m | Reduced -780.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 2.3m $211.1m | Reduced -1.7m |
| NORGES BANK 0.05% of their portfolio | 2.2m $198.7m | Added +381.8k |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 2.1m $192.8m | Reduced -33.1k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 2.1m $191.5m | Reduced -272.6k |
| ACR Alpine Capital Research, LLC 8.32% of their portfolio | 2.0m $185.3m | Reduced -3.0k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.9m $174.0m | Reduced -409.7k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 1.9m $170.9m | Added +492.3k |
| Legal & General Group Plc 0.06% of their portfolio | 1.8m $162.8m | Reduced -126.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.5m $136.8m | Added +56.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.20% of their portfolio | 1.4m $126.0m | Added +37.8k |
| Maj Invest Holding A/S 3.33% of their portfolio | 1.4m $125.8m | Reduced -131.5k |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 1.3m $121.6m | Added +472.5k |
| Pacer Advisors, Inc. 0.54% of their portfolio | 1.2m $105.6m | Added +268.2k |
| LSV ASSET MANAGEMENT 0.23% of their portfolio | 1.2m $105.3m | Reduced -125.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.1m $95.9m | Reduced -48.6k |
| Swiss National Bank 0.07% of their portfolio | 1.0m $93.8m | Reduced -84.8k |
| Sound Shore Management Inc /CT/ 3.44% of their portfolio | 1.0m $91.4m | Reduced -65.3k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 932.1k $84.4m | Added +258.0k |
| EMINENCE CAPITAL, LP 1.56% of their portfolio | 926.6k $83.9m | Reduced -367.1k |
| Brave Warrior Advisors, LLC 2.51% of their portfolio | 878.5k $79.5m | Reduced -19.5k |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 853.7k $76.9m | Reduced -34.8k |
| Amundi 0.04% of their portfolio | 822.6k $77.3m | Reduced -218.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 809.5k $73.3m | Added +31.0k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 792.3k $71.7m | Added +640.7k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 775.7k $70.2m | Reduced -185.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 757.7k $68.6m | Reduced -10.5k |
| TCW GROUP INC 0.94% of their portfolio | 727.8k $65.9m | Added +28.1k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 719.5k $65.1m | Reduced -369.5k |
| Southpoint Capital Advisors LP 1.64% of their portfolio | 700.0k $63.4m | Reduced -200.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 667.4k $60.4m | Added +323.5k |
| BARCLAYS PLC 0.05% of their portfolio | 630.3k $57.0m | First filing |
| RWC Asset Management LLP 1.73% of their portfolio | 608.4k $55.1m | Reduced -3.6k |
| Capital Research Global Investors 0.02% of their portfolio | 603.9k $54.6m | New |
| California Public Employees Retirement System 0.04% of their portfolio | 563.7k $51.0m | Reduced -12.1k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 561.9k $50.9m | Reduced -86.4k |
| PICTET ASSET MANAGEMENT SA 0.07% of their portfolio | 547.8k $49.6m | Reduced -54.9k |
| BAMCO INC /NY/ 0.16% of their portfolio | 535.3k $48.4m | Added +233.5k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.77% of their portfolio | 529.5k $47.9m | Added +13.3k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 522.4k $47.3m | Added +14.5k |
| Qube Research & Technologies Ltd 0.28% of their portfolio | 506.1k $45.8m | Added +464.4k |
| GLENMEDE TRUST CO NA 0.25% of their portfolio | 479.0k $43.3m | Reduced -79.0k |
| Duquesne Family Office LLC 1.99% of their portfolio | 441.9k $40.0m | New |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 2.92% of their portfolio | 436.1k $39.5m | Added +44.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 431.6k $39.1m | Added +3.5k |
| National Pension Service 0.08% of their portfolio | 430.9k $39.0m | Reduced -22.5k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 419.8k $38.0m | Reduced -16.6k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 418.5k $37.9m | Added +16.4k |
| Caisse de depot et placement du Quebec 0.11% of their portfolio | 406.8k $36.8m | Reduced -65.3k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 399.1k $36.1m | Added +3.0k |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 395.1k $35.8m | Added +84.8k |
| Ceredex Value Advisors LLC 0.54% of their portfolio | 390.0k $35.3m | Added +69.3k |
| TRUIST FINANCIAL CORP 0.06% of their portfolio | 389.8k $35.3m | Reduced -23.9k |
| UBS Group AG 0.02% of their portfolio | 386.7k $35.0m | Reduced -27.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 375.2k $34.0m | Added +14.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio | 373.1k $33.8m | Added +10.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 370.7k $33.5m | Reduced -559.0k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 361.1k $32.7m | Added +297.9k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 358.3k $32.4m | Reduced -136.4k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 357.1k $32.3m | Added +98.5k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 354.7k $32.1m | Reduced -34.1k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 354.4k $32.1m | Added +40.4k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 352.8k $31.9m | Added +105.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 347.4k $31.4m | Added +10.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 343.2k $31.1m | Reduced -84.2k |
| CITIGROUP INC 0.04% of their portfolio | 336.4k $30.4m | Added +27.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 319.9k $29.0m | Added +8.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 316.8k $28.7m | Reduced -14.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 310.5k $28.1m | Reduced -2.2k |
| Swedbank AB 0.06% of their portfolio | 294.5k $26.7m | Reduced -156.7k |
| Cannell & Co. 0.95% of their portfolio | 291.7k $26.4m | Reduced -438.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 280.3k $25.4m | Reduced -38.9k |
| SALEM INVESTMENT COUNSELORS INC 1.06% of their portfolio | 273.4k $24.7m | Reduced -4.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.25% of their portfolio | 263.6k $23.9m | Added +239.3k |
| Squarepoint Ops LLC 0.14% of their portfolio | 241.2k $21.8m | Added +147.4k |
| TODD ASSET MANAGEMENT LLC 0.53% of their portfolio | 240.5k $21.8m | New |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 238.3k $21.6m | Reduced -28.8k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.31% of their portfolio | 236.7k $21.5m | Reduced -944 |
| Brandywine Global Investment Management, LLC 0.16% of their portfolio | 230.4k $20.9m | Reduced -190.0k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 229.9k $20.8m | Reduced -28.4k |
| Edgemoor Investment Advisors, Inc. 2.52% of their portfolio | 222.7k $20.2m | Reduced -2.6k |
| Brookfield Corp /ON/ 0.07% of their portfolio | 203.3k $18.4m | Added +39.3k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 196.3k $17.8m | Reduced -24.7k |