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 ($412.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $125.13. Options: 39 managers hold calls ($570.1m notional), 38 hold puts ($533.6m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 704 |
| Q4 2022 | 764 |
| Q1 2023 | 789 |
| Q2 2023 | 865 |
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 |
| Q2 2023 | 431 | 337 |
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 |
| Q2 2023 | $570.1m | $533.6m | 0.94 |
Biggest buyers
| BlackRock Inc. | Added | +2.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.2m |
| Balyasny Asset Management L.P. | Added | +770.1k |
| Man Group plc | New | +711.7k |
| Qube Research & Technologies Ltd | Added | +694.1k |
| Palestra Capital Management LLC | New | +465.0k |
| STATE STREET CORP | Added | +454.1k |
| GOLDMAN SACHS GROUP INC | Added | +403.3k |
| CITADEL ADVISORS LLC | Added | +343.6k |
| TORONTO DOMINION BANK | Added | +321.8k |
Biggest sellers
| Capital World Investors | Reduced | -13.4m |
| FMR LLC | Reduced | -6.7m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -3.7m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -974.6k |
| Sanders Capital, LLC | Reduced | -917.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -659.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -653.0k |
| JPMORGAN CHASE & CO | Reduced | -532.2k |
| ACR Alpine Capital Research, LLC | Reduced | -414.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -394.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $150.8m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $88.5m706.2k shares |
| RIT CAPITAL PARTNERS PLC | Added | $63.6m507.8k shares |
| BlackRock Inc. | New | $41.5m331.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $29.8m238.0k shares |
| Walleye Trading LLC | Added | $24.1m192.3k shares |
| PEAK6 Investments LLC | Added | $22.4m178.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $21.6m172.4k shares |
| Parallax Volatility Advisers, L.P. | Added | $21.5m171.9k shares |
| JANE STREET GROUP, LLC | Added | $16.0m127.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $129.1m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $105.6m842.9k shares |
| JANE STREET GROUP, LLC | Reduced | $55.9m445.9k shares |
| SIMPLEX TRADING, LLC | Added | $36.8m293.9k shares |
| SOROS FUND MANAGEMENT LLC | New | $28.2m225.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $23.4m186.7k shares |
| Walleye Trading LLC | Reduced | $20.9m166.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $18.9m151.2k shares |
| WOLVERINE TRADING, LLC | Added | $15.3m123.3k shares |
| Balyasny Asset Management L.P. | New | $10.0m80.0k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 1 | $20.0k | 2 | $2.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-22 | BESSETTE DIANE J VP/CFO/Treasurer | Sold | $1.3m10.8k shares |
| 2023-06-22 | Banse Amy Director · By Trust | Bought | $20.0k165 shares |
| 2023-05-15 | McCall Jeffrey Joseph Executive Vice President | Sold | $1.1m10.0k 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 28.1m $3.5bn | Reduced -249.7k |
| BlackRock Inc. 0.08% of their portfolio | 21.7m $2.7bn | Added +2.2m |
| WELLINGTON MANAGEMENT GROUP LLP 0.32% of their portfolio | 13.6m $1.7bn | Reduced -659.6k |
| Capital World Investors 0.31% of their portfolio | 12.9m $1.6bn | Reduced -13.4m |
| Aristotle Capital Management, LLC 2.97% of their portfolio | 11.7m $1.5bn | Reduced -289.5k |
| STATE STREET CORP 0.08% of their portfolio | 11.4m $1.4bn | Added +454.1k |
| FMR LLC 0.12% of their portfolio | 11.0m $1.4bn | Reduced -6.7m |
| GREENHAVEN ASSOCIATES INC 15.09% of their portfolio | 9.1m $1.1bn | Reduced -35.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.43% of their portfolio | 6.2m $774.1m | Reduced -974.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 5.5m $683.3m | Added +110.0k |
| DIMENSIONAL FUND ADVISORS LP 0.14% of their portfolio | 3.5m $442.8m | Added +31.2k |
| MORGAN STANLEY 0.04% of their portfolio | 3.3m $416.7m | Added +309.7k |
| Smead Capital Management, Inc. 7.50% of their portfolio | 3.0m $377.5m | Reduced -44.9k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 2.8m $356.0m | Reduced -653.0k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 2.8m $345.7m | Reduced -225.4k |
| NORGES BANK 0.06% of their portfolio | 2.6m $327.2m | Added +119.0k |
| Invesco Ltd. 0.08% of their portfolio | 2.4m $302.9m | Reduced -18.0k |
| Pacer Advisors, Inc. 1.15% of their portfolio | 2.3m $286.4m | Reduced -181.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.20% of their portfolio | 2.3m $285.7m | Added +12.7k |
| Sanders Capital, LLC 0.56% of their portfolio | 2.1m $269.3m | Reduced -917.8k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 2.1m $267.4m | Added +403.3k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 2.0m $251.2m | Added +161.0k |
| NEUBERGER BERMAN GROUP LLC 0.22% of their portfolio | 2.0m $250.3m | Reduced -51.8k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.8m $230.4m | Reduced -60.8k |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 1.8m $227.9m | Reduced -5.6k |
| Legal & General Group Plc 0.07% of their portfolio | 1.8m $223.5m | Reduced -34.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.26% of their portfolio | 1.7m $213.9m | Added +1.2m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.6m $202.9m | Reduced -532.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.27% of their portfolio | 1.6m $198.8m | Added +156.7k |
| ACR Alpine Capital Research, LLC 7.54% of their portfolio | 1.6m $199.9m | Reduced -414.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.5m $191.3m | Reduced -3.5k |
| Qube Research & Technologies Ltd 0.56% of their portfolio | 1.2m $144.1m | Added +694.1k |
| Balyasny Asset Management L.P. 0.39% of their portfolio | 1.1m $138.2m | Added +770.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.1m $110.7m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 1.0m $126.5m | Added +294.0k |
| LSV ASSET MANAGEMENT 0.26% of their portfolio | 936.6k $117.4m | Reduced -126.3k |
| Swiss National Bank 0.08% of their portfolio | 916.6k $114.9m | Reduced -94.5k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 889.4k $111.5m | Reduced -30.0k |
| Amundi 0.05% of their portfolio | 855.2k $107.1m | Reduced -133.0k |
| Southpoint Capital Advisors LP 2.31% of their portfolio | 850.0k $106.5m | Added +300.0k |
| Caisse de depot et placement du Quebec 0.27% of their portfolio | 814.2k $102.0m | Added +101.5k |
| BARCLAYS PLC 0.07% of their portfolio | 801.3k $100.4m | Reduced -126.5k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 799.6k $100.2m | Added +40.7k |
| TCW GROUP INC 1.08% of their portfolio | 778.3k $97.5m | Added +48.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 759.6k $95.2m | Reduced -3.7m |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 752.0k $94.2m | Added +180.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 743.6k $93.2m | Reduced -106.6k |
| Robeco Institutional Asset Management B.V. 0.24% of their portfolio | 729.4k $91.4m | Added +256.6k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 726.9k $91.1m | Reduced -3.6k |
| Brave Warrior Advisors, LLC 2.39% of their portfolio | 723.1k $90.6m | Reduced -151.8k |
| Man Group plc 0.28% of their portfolio | 711.7k $89.2m | New |
| BAMCO INC /NY/ 0.20% of their portfolio | 588.2k $73.7m | Added +68.0k |
| EMINENCE CAPITAL, LP 1.31% of their portfolio | 580.5k $72.7m | Reduced -46.6k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 557.9k $69.9m | Added +343.6k |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 525.7k $65.8m | Added +75.9k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 524.4k $65.7m | Reduced -1.3k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 521.1k $65.3m | Reduced -8.9k |
| California Public Employees Retirement System 0.05% of their portfolio | 493.5k $61.8m | Reduced -13.2k |
| Allianz Asset Management GmbH 0.12% of their portfolio | 487.4k $61.1m | Added +209.7k |
| Palestra Capital Management LLC 2.88% of their portfolio | 465.0k $58.3m | New |
| PICTET ASSET MANAGEMENT SA 0.07% of their portfolio | 457.8k $57.4m | Added +13.4k |
| TORONTO DOMINION BANK 0.04% of their portfolio | 450.7k $56.4m | Added +321.8k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 447.3k $56.1m | Added +74.1k |
| Sound Shore Management Inc /CT/ 2.07% of their portfolio | 447.3k $56.0m | Reduced -393.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 443.9k $55.6m | Reduced -394.6k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 442.7k $55.5m | Reduced -8.1k |
| Candlestick Capital Management LP 1.85% of their portfolio | 438.2k $54.9m | Added +12.0k |
| GLENMEDE TRUST CO NA 0.26% of their portfolio | 435.3k $45.8m | Reduced -156 |
| UBS Group AG 0.02% of their portfolio | 425.2k $53.3m | Added +122.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 413.4k $51.8m | Reduced -13.9k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 3.75% of their portfolio | 405.9k $50.9m | Reduced -18.9k |
| National Pension Service 0.08% of their portfolio | 404.0k $50.0m | Added +11.0k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 400.6k $50.2m | Added +17.6k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 396.4k $49.7m | Added +16.4k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.73% of their portfolio | 396.3k $49.7m | Reduced -137.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.20% of their portfolio | 394.7k $49.4m | Added +138.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 386.4k $48.4m | Added +1.3k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 381.7k $47.8m | Reduced -107.4k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 375.1k $47.1m | Added +232.4k |
| CITIGROUP INC 0.06% of their portfolio | 351.7k $44.1m | Added +8.8k |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 350.9k $44.0m | Added +33.9k |
| Twin Tree Management, LP 0.88% of their portfolio | 341.2k $42.8m | Added +250.6k |
| Alyeska Investment Group, L.P. 0.31% of their portfolio | 323.0k $40.5m | Reduced -259.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 309.8k $38.8m | Added +2.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 299.9k $37.6m | Reduced -22.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.36% of their portfolio | 296.8k $37.2m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 291.7k $36.5m | Reduced -22.6k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 289.7k $36.5m | Added +92.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 288.9k $36.2m | Reduced -21.6k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 275.1k $34.5m | Added +30.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 265.5k $33.3m | Added +110.0k |
| SALEM INVESTMENT COUNSELORS INC 1.20% of their portfolio | 262.8k $32.9m | Reduced -4.1k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 258.3k $32.4m | Added +151.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 252.8k $31.7m | Added +163.9k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 246.7k $30.9m | Reduced -13 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio | 238.2k $29.9m | Reduced -41.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.47% of their portfolio | 234.6k $29.4m | Reduced -34.2k |
| Schonfeld Strategic Advisors LLC 0.25% of their portfolio | 232.6k $29.1m | Added +183.5k |
| Holocene Advisors, LP 0.13% of their portfolio | 231.8k $29.0m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.17% of their portfolio | 229.4k $28.7m | Added +81.5k |