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 ($132.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $171.80. Options: 45 managers hold calls ($1.0bn notional), 42 hold puts ($739.8m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 704 |
| Q4 2022 | 764 |
| Q1 2023 | 789 |
| Q2 2023 | 865 |
| Q3 2023 | 876 |
| Q4 2023 | 951 |
| Q1 2024 | 1,022 |
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 |
| Q3 2023 | 423 | 368 |
| Q4 2023 | 401 | 443 |
| Q1 2024 | 480 | 445 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $570.1m | $533.6m | 0.94 |
| Q3 2023 | $519.9m | $532.5m | 1.02 |
| Q4 2023 | $804.0m | $994.9m | 1.24 |
| Q1 2024 | $1.0bn | $739.8m | 0.74 |
Biggest buyers
| MORGAN STANLEY | Added | +2.8m |
| MARSHALL WACE, LLP | Added | +1.2m |
| BlackRock Inc. | Added | +692.3k |
| Invesco Ltd. | Added | +462.2k |
| D1 Capital Partners L.P. | New | +457.6k |
| Brave Warrior Advisors, LLC | Added | +442.9k |
| FMR LLC | Added | +424.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +405.6k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +382.4k |
| Zurich Insurance Group Ltd/FI | New | +359.4k |
Biggest sellers
| Capital World Investors | Reduced | -1.5m |
| Point72 Asset Management, L.P. | Sold out | -996.4k |
| Balyasny Asset Management L.P. | Reduced | -736.9k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -656.4k |
| Assenagon Asset Management S.A. | Reduced | -561.5k |
| Qube Research & Technologies Ltd | Reduced | -477.3k |
| ACR Alpine Capital Research, LLC | Reduced | -459.3k |
| Amundi | Reduced | -411.2k |
| BANK OF MONTREAL /CAN/ | Reduced | -402.8k |
| VANGUARD GROUP INC | Reduced | -387.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $260.8m1.5m shares |
| CITADEL ADVISORS LLC | Added | $131.2m762.7k shares |
| RIT CAPITAL PARTNERS PLC | Added | $102.9m598.1k shares |
| SIMPLEX TRADING, LLC | Added | $79.3m460.9k shares |
| JPMORGAN CHASE & CO | Added | $58.8m342.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $42.9m249.4k shares |
| IMC-Chicago, LLC | Added | $36.7m213.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $28.2m163.7k shares |
| JANE STREET GROUP, LLC | Reduced | $24.8m144.2k shares |
| GTS SECURITIES LLC | Reduced | $24.7m143.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $124.0m721.2k shares |
| CITADEL ADVISORS LLC | Reduced | $96.6m561.9k shares |
| JANE STREET GROUP, LLC | Reduced | $47.6m276.6k shares |
| JPMORGAN CHASE & CO | Reduced | $45.7m266.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $45.2m263.0k shares |
| IMC-Chicago, LLC | Reduced | $39.2m227.9k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $36.4m2.1k shares |
| Walleye Trading LLC | Reduced | $27.7m161.1k shares |
| Walleye Capital LLC | Reduced | $26.8m155.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $26.5m153.9k 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 2024
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 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 | — |
| Q3 2023 | 1 | $301.8k | 1 | $1.3m | $1.3m |
| Q4 2023 | 1 | $100.0k | 4 | $9.3m | $1.1m |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 27.0m $4.6bn | Reduced -387.4k |
| BlackRock Inc. 0.09% of their portfolio | 22.6m $3.9bn | Added +692.3k |
| STATE STREET CORP 0.09% of their portfolio | 11.6m $2.0bn | Reduced -226.9k |
| FMR LLC 0.13% of their portfolio | 11.5m $2.0bn | Added +424.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.34% of their portfolio | 11.2m $1.9bn | Added +270.0k |
| Aristotle Capital Management, LLC 3.33% of their portfolio | 10.4m $1.8bn | Reduced -368.7k |
| MORGAN STANLEY 0.05% of their portfolio | 10.0m $1.7bn | Added +2.8m |
| GREENHAVEN ASSOCIATES INC 14.15% of their portfolio | 8.9m $1.5bn | Reduced -109.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.01% of their portfolio | 6.4m $1.1bn | Reduced -16.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 5.7m $978.7m | Added +79.0k |
| Capital World Investors 0.13% of their portfolio | 4.5m $766.5m | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 3.5m $597.0m | Reduced -176.9k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 3.2m $545.7m | Reduced -201.2k |
| NORGES BANK 0.08% of their portfolio | 2.9m $491.5m | Added +96.2k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 2.7m $467.2m | Reduced -137.9k |
| Invesco Ltd. 0.10% of their portfolio | 2.7m $456.9m | Added +462.2k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 2.6m $454.2m | Reduced -118.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.27% of their portfolio | 2.6m $453.4m | Added +382.4k |
| Pacer Advisors, Inc. 1.04% of their portfolio | 2.6m $451.4m | Reduced -56.3k |
| Smead Capital Management, Inc. 6.55% of their portfolio | 2.4m $420.0m | Reduced -269.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.39% of their portfolio | 2.4m $417.3m | Added +405.6k |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 2.2m $373.4m | Reduced -28.9k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 2.1m $369.3m | Reduced -93.1k |
| NEUBERGER BERMAN GROUP LLC 0.28% of their portfolio | 2.0m $335.9m | Added +26.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.36% of their portfolio | 1.8m $303.6m | Added +60.7k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 1.7m $288.5m | Reduced -82.1k |
| MARSHALL WACE, LLP 0.47% of their portfolio | 1.7m $286.2m | Added +1.2m |
| FIRST TRUST ADVISORS LP 0.28% of their portfolio | 1.6m $278.4m | Added +70.9k |
| Legal & General Group Plc 0.08% of their portfolio | 1.6m $273.1m | Reduced -27.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 1.6m $267.5m | Added +5.1k |
| AQR CAPITAL MANAGEMENT LLC 0.41% of their portfolio | 1.4m $239.9m | Reduced -287.6k |
| Caisse de depot et placement du Quebec 0.52% of their portfolio | 1.3m $216.1m | Added +211.1k |
| ACR Alpine Capital Research, LLC 5.90% of their portfolio | 1.1m $194.5m | Reduced -459.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 1.0m $176.4m | Reduced -39.2k |
| Brave Warrior Advisors, LLC 3.65% of their portfolio | 1.0m $174.5m | Added +442.9k |
| Amundi 0.07% of their portfolio | 981.2k $157.7m | Reduced -411.2k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 928.2k $159.6m | Added +116.7k |
| BARCLAYS PLC 0.07% of their portfolio | 867.5k $149.2m | Reduced -31.2k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 845.2k $145.4m | Reduced -192.5k |
| LSV ASSET MANAGEMENT 0.29% of their portfolio | 827.1k $142.2m | Reduced -11.6k |
| Man Group plc 0.38% of their portfolio | 818.5k $140.8m | Reduced -265.2k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 817.8k $140.6m | Added +78.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.47% of their portfolio | 797.9k $137.2m | Reduced -131.2k |
| Allianz Asset Management GmbH 0.23% of their portfolio | 792.1k $136.2m | Reduced -13.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 756.7k $130.1m | Reduced -55.5k |
| Swiss National Bank 0.09% of their portfolio | 749.1k $128.8m | Reduced -33.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 711.8k $122.4m | Reduced -4.1k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 703.5k $121.0m | Reduced -8.1k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 699.5k $120.2m | Added +231.4k |
| D. E. Shaw & Co., Inc. 0.15% of their portfolio | 680.3k $117.0m | Added +161.2k |
| BAMCO INC /NY/ 0.30% of their portfolio | 648.9k $111.6m | Added +23.5k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 615.3k $105.8m | Added +96.1k |
| Robeco Institutional Asset Management B.V. 0.23% of their portfolio | 611.7k $105.2m | Reduced -151.7k |
| UBS Group AG 0.03% of their portfolio | 590.5k $101.6m | Added +109.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.44% of their portfolio | 575.0k $98.9m | Added +351.7k |
| EMINENCE CAPITAL, LP 1.80% of their portfolio | 572.1k $98.4m | Reduced -40.2k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 530.9k $91.3m | Reduced -656.4k |
| TCW GROUP INC 0.92% of their portfolio | 526.7k $90.6m | Reduced -27.5k |
| SEI INVESTMENTS CO 0.13% of their portfolio | 525.2k $90.3m | Reduced -355 |
| PRUDENTIAL FINANCIAL INC 0.12% of their portfolio | 495.5k $85.2m | Reduced -146.9k |
| Alyeska Investment Group, L.P. 0.51% of their portfolio | 477.5k $82.1m | Reduced -92.9k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 468.6k $80.6m | Added +4.2k |
| California Public Employees Retirement System 0.06% of their portfolio | 467.9k $80.5m | Reduced -17.5k |
| D1 Capital Partners L.P. 1.20% of their portfolio | 457.6k $78.7m | New |
| Qube Research & Technologies Ltd 0.14% of their portfolio | 454.7k $78.2m | Reduced -477.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.14% of their portfolio | 444.4k $76.4m | Reduced -198.6k |
| Candlestick Capital Management LP 2.45% of their portfolio | 433.0k $74.5m | Added +110.4k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 431.9k $74.3m | Reduced -78.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 424.8k $73.0m | Added +104.1k |
| Pictet Asset Management Holding SA 0.08% of their portfolio | 424.0k $72.9m | Reduced -15.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 412.7k $71.0m | Added +35.1k |
| Sound Shore Management Inc /CT/ 2.21% of their portfolio | 411.3k $70.7m | Added +14.3k |
| Bridgewater Associates, LP 0.35% of their portfolio | 407.1k $70.0m | Added +48.6k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 4.08% of their portfolio | 405.9k $69.8m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 400.3k $68.8m | Added +1.9k |
| National Pension Service 0.08% of their portfolio | 382.3k $65.8m | Reduced -15.6k |
| Zurich Insurance Group Ltd/FI 0.56% of their portfolio | 359.4k $61.8m | New |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 351.1k $60.4m | Reduced -3.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 351.0k $60.4m | Added +6.1k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 346.0k $59.5m | Added +7.1k |
| Korea Investment CORP 0.14% of their portfolio | 331.3k $57.0m | Added +157.2k |
| Southpoint Capital Advisors LP 1.09% of their portfolio | 320.0k $55.0m | Unchanged |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 315.5k $53.5m | Reduced -4.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.19% of their portfolio | 315.5k $54.2m | Reduced -215.9k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 313.9k $54.1m | Reduced -402.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 310.5k $32.6m | Added +43.7k |
| ASSETMARK, INC 0.17% of their portfolio | 303.2k $52.2m | Reduced -1.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 299.9k $51.6m | Added +48.6k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 299.4k $51.5m | Added +13.3k |
| CITIGROUP INC 0.05% of their portfolio | 295.3k $50.8m | Added +64.6k |
| SALEM INVESTMENT COUNSELORS INC 1.55% of their portfolio | 273.9k $47.1m | Added +2.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 270.7k $46.6m | Reduced -8.1k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.75% of their portfolio | 269.4k $46.3m | Reduced -56.4k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.66% of their portfolio | 261.5k $45.0m | Reduced -143.7k |
| Schonfeld Strategic Advisors LLC 0.33% of their portfolio | 247.1k $42.5m | Reduced -31.5k |
| Select Equity Group, L.P. 0.15% of their portfolio | 234.6k $40.3m | Reduced -174.8k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 231.9k $39.9m | Added +16.1k |
| QRG CAPITAL MANAGEMENT, INC. 0.50% of their portfolio | 230.3k $39.6m | Added +9.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 221.7k $38.1m | Added +16.0k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 219.5k $37.8m | Reduced -18.0k |