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 ($378.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $103.60. Options: 25 managers hold calls ($384.5m notional), 27 hold puts ($406.4m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 704 |
| Q4 2022 | 764 |
| Q1 2023 | 789 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 348 | 321 |
| Q1 2023 | 377 | 344 |
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 |
| Q1 2023 | $384.5m | $406.4m | 1.06 |
Biggest buyers
| FMR LLC | Added | +8.8m |
| ENVESTNET ASSET MANAGEMENT INC | Added | +3.6m |
| FIRST TRUST ADVISORS LP | Added | +1.5m |
| Pacer Advisors, Inc. | Added | +1.3m |
| Alyeska Investment Group, L.P. | New | +582.0k |
| Capital World Investors | Added | +453.3k |
| Candlestick Capital Management LP | New | +426.2k |
| BANK OF AMERICA CORP /DE/ | Added | +413.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +413.4k |
| Balyasny Asset Management L.P. | New | +332.8k |
Biggest sellers
| Aristotle Capital Management, LLC | Reduced | -1.7m |
| Maj Invest Holding A/S | Reduced | -1.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -612.3k |
| Capital Research Global Investors | Sold out | -603.9k |
| CITADEL ADVISORS LLC | Reduced | -577.9k |
| BlackRock Inc. | Reduced | -550.7k |
| Duquesne Family Office LLC | Sold out | -441.9k |
| MARSHALL WACE, LLP | Reduced | -350.8k |
| JPMORGAN CHASE & CO | Reduced | -316.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $155.1m1.5m shares |
| CITADEL ADVISORS LLC | Added | $99.2m943.8k shares |
| RIT CAPITAL PARTNERS PLC | New | $34.0m323.9k shares |
| SIMPLEX TRADING, LLC | Added | $28.7m273.1k shares |
| MILLENNIUM MANAGEMENT LLC | New | $13.9m131.9k shares |
| JANE STREET GROUP, LLC | Reduced | $9.7m92.0k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $9.5m90.2k shares |
| WOLVERINE TRADING, LLC | Added | $9.1m89.0k shares |
| Walleye Trading LLC | Reduced | $6.3m59.7k shares |
| PEAK6 Investments LLC | Reduced | $5.3m50.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $134.3m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $79.6m757.3k shares |
| JANE STREET GROUP, LLC | Reduced | $52.1m495.5k shares |
| Walleye Trading LLC | Added | $29.2m277.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $21.7m206.1k shares |
| 683 Capital Management, LLC | Reduced | $15.8m150.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $15.4m146.3k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $11.7m111.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $9.6m93.6k shares |
| CITIGROUP INC | New | $6.3m60.0k 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 Q1 2023
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2023 | 0 | — | 1 | $958.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-23 | BESSETTE DIANE J VP/CFO/Treasurer | Sold | $958.3k9.3k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 28.4m $3.0bn | Added +163.9k |
| Capital World Investors 0.57% of their portfolio | 26.2m $2.8bn | Added +453.3k |
| BlackRock Inc. 0.06% of their portfolio | 19.6m $2.1bn | Reduced -550.7k |
| FMR LLC 0.08% of their portfolio | 17.7m $1.9bn | Added +8.8m |
| WELLINGTON MANAGEMENT GROUP LLP 0.30% of their portfolio | 14.2m $1.5bn | Reduced -612.3k |
| Aristotle Capital Management, LLC 2.63% of their portfolio | 12.0m $1.3bn | Reduced -1.7m |
| STATE STREET CORP 0.07% of their portfolio | 11.0m $1.2bn | Added +28.7k |
| GREENHAVEN ASSOCIATES INC 14.85% of their portfolio | 9.1m $956.6m | Reduced -162.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.42% of their portfolio | 7.2m $751.7m | Reduced -57.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 5.4m $561.9m | Added +138.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 4.5m $84.1m | Added +3.6m |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 3.5m $368.1m | Added +31.0k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 3.5m $367.2m | Added +413.9k |
| Sanders Capital, LLC 0.76% of their portfolio | 3.1m $322.4m | Added +102.6k |
| Smead Capital Management, Inc. 6.40% of their portfolio | 3.1m $321.4m | Added +94.7k |
| MORGAN STANLEY 0.03% of their portfolio | 3.0m $316.9m | Added +222.0k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 3.0m $313.7m | Reduced -9.5k |
| NORGES BANK 0.06% of their portfolio | 2.5m $262.0m | Added +297.2k |
| Pacer Advisors, Inc. 1.11% of their portfolio | 2.5m $259.4m | Added +1.3m |
| Invesco Ltd. 0.07% of their portfolio | 2.4m $256.0m | Reduced -93.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.17% of their portfolio | 2.3m $238.3m | Reduced -65.3k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.2m $226.1m | Reduced -316.3k |
| NEUBERGER BERMAN GROUP LLC 0.20% of their portfolio | 2.0m $215.4m | Reduced -81.0k |
| ACR Alpine Capital Research, LLC 8.60% of their portfolio | 2.0m $211.3m | Reduced -37.8k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.9m $199.7m | Reduced -22.8k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 1.8m $193.8m | Reduced -271.9k |
| FIRST TRUST ADVISORS LP 0.22% of their portfolio | 1.8m $191.8m | Added +1.5m |
| Legal & General Group Plc 0.07% of their portfolio | 1.8m $191.1m | Added +18.9k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 1.7m $181.9m | Reduced -158.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.5m $160.8m | Added +18.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.22% of their portfolio | 1.4m $148.8m | Added +43.2k |
| LSV ASSET MANAGEMENT 0.25% of their portfolio | 1.1m $111.7m | Reduced -100.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.1m $110.7m | Reduced -6.3k |
| Swiss National Bank 0.07% of their portfolio | 1.0m $106.3m | Reduced -25.3k |
| Amundi 0.06% of their portfolio | 988.2k $103.3m | Added +165.6k |
| BARCLAYS PLC 0.10% of their portfolio | 927.8k $97.5m | Added +297.5k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 919.4k $96.6m | Reduced -12.7k |
| Brave Warrior Advisors, LLC 2.84% of their portfolio | 874.9k $92.0m | Reduced -3.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 850.1k $89.4m | Added +92.4k |
| Sound Shore Management Inc /CT/ 3.33% of their portfolio | 840.9k $88.4m | Reduced -168.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 838.5k $88.1m | Added +171.1k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 758.9k $79.8m | Reduced -16.8k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 730.5k $76.8m | Added +11.0k |
| TCW GROUP INC 0.98% of their portfolio | 729.4k $76.7m | Added +1.6k |
| AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 723.2k $74.6m | Reduced -130.5k |
| Caisse de depot et placement du Quebec 0.21% of their portfolio | 712.7k $74.9m | Added +305.9k |
| EMINENCE CAPITAL, LP 1.11% of their portfolio | 627.1k $65.9m | Reduced -299.5k |
| Alyeska Investment Group, L.P. 0.54% of their portfolio | 582.0k $61.2m | New |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 571.2k $60.0m | Added +214.1k |
| Southpoint Capital Advisors LP 1.31% of their portfolio | 550.0k $57.8m | Reduced -150.0k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.86% of their portfolio | 533.6k $56.1m | Added +4.1k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 530.0k $55.7m | Reduced -32.0k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 525.7k $55.3m | Added +3.3k |
| BAMCO INC /NY/ 0.16% of their portfolio | 520.2k $54.7m | Reduced -15.1k |
| California Public Employees Retirement System 0.05% of their portfolio | 506.6k $53.3m | Reduced -57.1k |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 489.1k $38.9m | Added +94.1k |
| Robeco Institutional Asset Management B.V. 0.14% of their portfolio | 472.8k $49.7m | Added +313.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 463.6k $48.7m | Added +413.4k |
| Qube Research & Technologies Ltd 0.27% of their portfolio | 456.1k $47.9m | Reduced -50.0k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 450.8k $47.4m | Added +31.0k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 449.8k $47.2m | Added +95.1k |
| PICTET ASSET MANAGEMENT SA 0.06% of their portfolio | 444.4k $46.7m | Reduced -103.4k |
| GLENMEDE TRUST CO NA 0.26% of their portfolio | 435.4k $45.8m | Reduced -43.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 427.3k $44.9m | Reduced -4.3k |
| Candlestick Capital Management LP 1.51% of their portfolio | 426.2k $44.8m | New |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 3.12% of their portfolio | 424.8k $44.7m | Reduced -11.2k |
| Brandywine Global Investment Management, LLC 0.18% of their portfolio | 414.9k $43.6m | Added +184.5k |
| RWC Asset Management LLP 1.29% of their portfolio | 397.9k $41.8m | Reduced -210.5k |
| National Pension Service 0.07% of their portfolio | 393.0k $40.3m | Reduced -37.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.10% of their portfolio | 385.2k $40.5m | Added +10.0k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 383.0k $40.3m | Reduced -35.5k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 380.0k $39.9m | Reduced -19.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 373.2k $39.2m | Added +2.5k |
| CITIGROUP INC 0.05% of their portfolio | 342.8k $36.0m | Added +6.4k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 332.8k $35.0m | New |
| STRS OHIO 0.05% of their portfolio | 331.0k $34.8m | Added +223.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 322.3k $33.9m | Reduced -25.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.17% of their portfolio | 319.2k $33.6m | Reduced -53.9k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 317.1k $33.3m | Reduced -35.8k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 316.7k $33.3m | Reduced -37.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 314.2k $33.0m | Reduced -5.7k |
| TRUIST FINANCIAL CORP 0.06% of their portfolio | 312.2k $32.8m | Reduced -77.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 310.5k $32.6m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 307.7k $32.3m | Reduced -9.1k |
| UBS Group AG 0.01% of their portfolio | 302.4k $31.8m | Reduced -84.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.32% of their portfolio | 296.8k $31.2m | Added +264.3k |
| Ceredex Value Advisors LLC 0.47% of their portfolio | 289.4k $30.4m | Reduced -100.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.09% of their portfolio | 279.9k $29.4m | Added +144.5k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 277.7k $29.2m | Added +175.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.48% of their portfolio | 268.8k $28.3m | New |
| SALEM INVESTMENT COUNSELORS INC 1.12% of their portfolio | 266.9k $28.1m | Reduced -6.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.12% of their portfolio | 256.3k $26.9m | New |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 246.7k $25.9m | Added +16.8k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 245.0k $25.7m | Added +6.7k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.32% of their portfolio | 243.0k $25.5m | Added +6.3k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 241.2k $25.3m | Reduced -119.9k |
| Cannell & Co. 0.87% of their portfolio | 232.3k $24.4m | Reduced -59.4k |
| ABN AMRO INVESTMENT SOLUTIONS 0.50% of their portfolio | 231.9k $24.4m | First filing |
| NOMURA HOLDINGS INC 0.24% of their portfolio | 229.3k $24.1m | Added +198.0k |
| Edgemoor Investment Advisors, Inc. 2.81% of their portfolio | 220.0k $23.1m | Reduced -2.7k |