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 ($139.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $149.79. Options: 40 managers hold calls ($713.4m notional), 39 hold puts ($499.8m).
Trends to Q2 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 |
| Q2 2024 | 983 |
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 |
| Q2 2024 | 495 | 445 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $519.9m | $532.5m | 1.02 |
| Q4 2023 | $804.0m | $994.9m | 1.24 |
| Q1 2024 | $1.0bn | $739.8m | 0.74 |
| Q2 2024 | $713.4m | $499.8m | 0.70 |
Biggest buyers
| Boston Partners | Added | +2.0m |
| D1 Capital Partners L.P. | Added | +2.0m |
| BlackRock Inc. | Added | +1.7m |
| Squarepoint Ops LLC | Added | +761.5k |
| Brave Warrior Advisors, LLC | Added | +570.9k |
| JPMORGAN CHASE & CO | Added | +497.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +417.4k |
| Pacer Advisors, Inc. | Added | +397.0k |
| JANE STREET GROUP, LLC | Added | +354.8k |
| MARSHALL WACE, LLP | Added | +351.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -6.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.2m |
| Invesco Ltd. | Reduced | -663.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -541.9k |
| Candlestick Capital Management LP | Sold out | -433.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -415.0k |
| Man Group plc | Reduced | -401.8k |
| STATE STREET CORP | Reduced | -359.3k |
| Qube Research & Technologies Ltd | Reduced | -331.2k |
| Southpoint Capital Advisors LP | Sold out | -320.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $172.8m1.2m shares |
| CITADEL ADVISORS LLC | Added | $121.0m807.5k shares |
| RIT CAPITAL PARTNERS PLC | Added | $109.7m732.1k shares |
| IMC-Chicago, LLC | Added | $39.7m264.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $33.9m226.5k shares |
| JPMORGAN CHASE & CO | Reduced | $30.6m204.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $24.3m161.9k shares |
| JANE STREET GROUP, LLC | Reduced | $18.1m120.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $17.6m117.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $16.3m109.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $132.9m886.7k shares |
| CITADEL ADVISORS LLC | Reduced | $58.2m388.2k shares |
| SIMPLEX TRADING, LLC | Added | $42.7m284.7k shares |
| IMC-Chicago, LLC | Added | $36.3m242.3k shares |
| JPMORGAN CHASE & CO | Reduced | $31.3m208.8k shares |
| Walleye Trading LLC | Reduced | $22.1m147.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $21.9m1.5k shares |
| WOLVERINE TRADING, LLC | Added | $21.0m140.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $16.4m109.2k shares |
| HSBC HOLDINGS PLC | Unchanged | $12.8m85.3k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 1 | $247.3k | 2 | $4.8m | $3.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-20 | SUSTANA MARK VP/General Counsel/Secretary | Sold | $1.5m9.2k shares |
| 2024-05-15 | McCall Jeffrey Joseph Executive Vice President | Sold plan | $1.7m10.0k shares |
| 2024-05-10 | McCall Jeffrey Joseph Executive Vice President | Sold plan | $1.6m10.0k shares |
| 2024-04-10 | Banse Amy Director | Bought | $247.3k1.6k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 26.7m $4.0bn | Reduced -281.7k |
| BlackRock Inc. 0.08% of their portfolio | 24.3m $3.6bn | Added +1.7m |
| FMR LLC 0.11% of their portfolio | 11.4m $1.7bn | Reduced -95.5k |
| STATE STREET CORP 0.07% of their portfolio | 11.2m $1.7bn | Reduced -359.3k |
| Aristotle Capital Management, LLC 2.96% of their portfolio | 10.2m $1.5bn | Reduced -229.3k |
| GREENHAVEN ASSOCIATES INC 17.67% of their portfolio | 9.0m $1.3bn | Added +39.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.21% of their portfolio | 8.0m $1.2bn | Reduced -3.2m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.82% of their portfolio | 5.8m $873.7m | Reduced -541.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 5.8m $867.7m | Added +99.0k |
| Capital World Investors 0.11% of their portfolio | 4.4m $657.4m | Reduced -70.3k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 4.0m $594.8m | Added +497.8k |
| MORGAN STANLEY 0.04% of their portfolio | 3.2m $474.3m | Reduced -6.8m |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 3.1m $464.2m | Reduced -75.4k |
| Pacer Advisors, Inc. 1.04% of their portfolio | 3.0m $452.9m | Added +397.0k |
| NORGES BANK 0.07% of their portfolio | 3.0m $447.2m | Added +126.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.25% of their portfolio | 2.8m $412.7m | Added +117.3k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 2.6m $391.3m | Reduced -105.8k |
| Smead Capital Management, Inc. 6.03% of their portfolio | 2.6m $386.2m | Added +135.1k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 2.6m $382.9m | Reduced -86.2k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 2.4m $365.2m | Added +289.7k |
| D1 Capital Partners L.P. 6.12% of their portfolio | 2.4m $362.7m | Added +2.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.29% of their portfolio | 2.2m $333.9m | Reduced -198.2k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 2.1m $320.2m | Reduced -34.8k |
| Boston Partners 0.39% of their portfolio | 2.1m $310.6m | Added +2.0m |
| MARSHALL WACE, LLP 0.43% of their portfolio | 2.0m $302.1m | Added +351.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.35% of their portfolio | 2.0m $302.1m | Added +248.9k |
| Invesco Ltd. 0.06% of their portfolio | 2.0m $298.8m | Reduced -663.0k |
| NEUBERGER BERMAN GROUP LLC 0.24% of their portfolio | 2.0m $294.8m | Added +13.9k |
| FIRST TRUST ADVISORS LP 0.27% of their portfolio | 1.7m $260.4m | Added +118.6k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.6m $243.0m | Reduced -55.9k |
| AQR CAPITAL MANAGEMENT LLC 0.37% of their portfolio | 1.6m $238.6m | Added +195.5k |
| Brave Warrior Advisors, LLC 5.27% of their portfolio | 1.6m $237.6m | Added +570.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.6m $236.5m | Added +22.9k |
| Legal & General Group Plc 0.06% of their portfolio | 1.5m $224.9m | Reduced -87.3k |
| Caisse de depot et placement du Quebec 0.50% of their portfolio | 1.4m $207.9m | Added +130.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 1.3m $200.2m | Added +310.2k |
| ACR Alpine Capital Research, LLC 5.22% of their portfolio | 1.1m $168.9m | Reduced -3.7k |
| D. E. Shaw & Co., Inc. 0.21% of their portfolio | 986.0k $147.8m | Added +305.8k |
| Squarepoint Ops LLC 0.50% of their portfolio | 893.4k $133.9m | Added +761.5k |
| BARCLAYS PLC 0.06% of their portfolio | 853.3k $127.9m | Reduced -14.2k |
| Amundi 0.05% of their portfolio | 827.1k $121.3m | Reduced -154.1k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 821.1k $123.1m | Added +3.3k |
| LSV ASSET MANAGEMENT 0.26% of their portfolio | 805.7k $120.7m | Reduced -21.4k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 805.0k $120.6m | Reduced -123.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 749.8k $112.4m | Reduced -6.9k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 725.7k $108.8m | Reduced -119.5k |
| Swiss National Bank 0.07% of their portfolio | 725.5k $108.7m | Reduced -23.6k |
| BAMCO INC /NY/ 0.30% of their portfolio | 693.2k $103.9m | Added +44.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.43% of their portfolio | 688.8k $103.2m | Added +113.8k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 681.0k $102.1m | Reduced -22.5k |
| EMINENCE CAPITAL, LP 1.58% of their portfolio | 655.4k $98.2m | Added +83.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 655.3k $98.2m | Reduced -56.6k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 650.9k $97.5m | Reduced -48.6k |
| UBS Group AG 0.03% of their portfolio | 648.2k $97.1m | Added +57.7k |
| Allianz Asset Management GmbH 0.15% of their portfolio | 636.4k $95.4m | Reduced -155.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 611.3k $91.6m | Reduced -186.6k |
| TCW GROUP INC 0.82% of their portfolio | 610.5k $91.5m | Added +83.9k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 570.9k $85.6m | Reduced -44.4k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 545.2k $81.7m | Added +20.0k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 533.5k $80.0m | Added +354.8k |
| Robeco Institutional Asset Management B.V. 0.17% of their portfolio | 512.8k $76.9m | Reduced -98.9k |
| PRUDENTIAL FINANCIAL INC 0.11% of their portfolio | 497.0k $74.5m | Added +1.4k |
| California Public Employees Retirement System 0.05% of their portfolio | 449.5k $67.4m | Reduced -18.5k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 440.3k $66.0m | Reduced -28.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 433.0k $64.9m | Added +20.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 418.6k $62.7m | Reduced -6.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.23% of their portfolio | 417.4k $62.6m | New |
| Man Group plc 0.16% of their portfolio | 416.8k $62.5m | Reduced -401.8k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 3.95% of their portfolio | 405.9k $60.8m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 403.6k $60.5m | Added +3.3k |
| Sound Shore Management Inc /CT/ 1.99% of their portfolio | 398.7k $59.7m | Reduced -12.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.11% of their portfolio | 384.9k $57.7m | Reduced -59.5k |
| National Pension Service 0.07% of their portfolio | 382.6k $57.3m | Added +250 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 356.3k $53.4m | Added +5.3k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 355.8k $53.3m | Added +4.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 348.9k $52.3m | Added +272.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.05% of their portfolio | 334.6k $50.2m | Added +322.5k |
| CITIGROUP INC 0.05% of their portfolio | 334.5k $50.1m | Added +39.2k |
| River Road Asset Management, LLC 0.69% of their portfolio | 323.1k $48.4m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 320.8k $48.1m | Added +20.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 318.2k $47.7m | Reduced -27.9k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 314.3k $47.1m | Added +15.0k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 313.9k $47.0m | Reduced -110.1k |
| Nan Shan Life Insurance Co., Ltd. 1.10% of their portfolio | 311.6k $46.7m | Added +258.9k |
| Bridgewater Associates, LP 0.24% of their portfolio | 311.4k $46.7m | Reduced -95.7k |
| ASSETMARK, INC 0.14% of their portfolio | 306.6k $45.9m | Added +3.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 298.6k $44.7m | Reduced -16.9k |
| Zurich Insurance Group Ltd/FI 0.39% of their portfolio | 298.1k $44.7m | Reduced -61.3k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.56% of their portfolio | 293.9k $44.1m | Added +32.4k |
| MAPLELANE CAPITAL, LLC 3.26% of their portfolio | 290.0k $43.5m | Added +88.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 274.6k $41.2m | Reduced -39.3k |
| SALEM INVESTMENT COUNSELORS INC 1.31% of their portfolio | 271.8k $40.7m | Reduced -2.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 269.6k $40.4m | Reduced -1.1k |
| Cercano Management LLC 1.06% of their portfolio | 266.3k $39.9m | Added +124.8k |
| QRG CAPITAL MANAGEMENT, INC. 0.46% of their portfolio | 260.6k $39.1m | Added +30.3k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 260.0k $39.0m | Added +93.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 257.7k $38.6m | Added +25.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 252.9k $37.9m | Reduced -57.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.67% of their portfolio | 252.0k $37.8m | Reduced -17.4k |
| Korea Investment CORP 0.09% of their portfolio | 248.5k $37.2m | Reduced -82.8k |