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 ($111.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $136.39. Options: 43 managers hold calls ($1.1bn notional), 39 hold puts ($624.8m).
Trends to Q4 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 |
| Q3 2024 | 1,055 |
| Q4 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 |
|---|---|---|
| Q1 2023 | 377 | 344 |
| Q2 2023 | 431 | 337 |
| Q3 2023 | 423 | 368 |
| Q4 2023 | 401 | 443 |
| Q1 2024 | 480 | 445 |
| Q2 2024 | 495 | 445 |
| Q3 2024 | 508 | 466 |
| Q4 2024 | 444 | 543 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $1.0bn | $739.8m | 0.74 |
| Q2 2024 | $713.4m | $499.8m | 0.70 |
| Q3 2024 | $1.3bn | $761.8m | 0.60 |
| Q4 2024 | $1.1bn | $624.8m | 0.59 |
Biggest buyers
| Qube Research & Technologies Ltd | Added | +1.4m |
| ACR Alpine Capital Research, LLC | Added | +829.2k |
| UBS Group AG | Added | +753.3k |
| RENAISSANCE TECHNOLOGIES LLC | New | +637.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +602.3k |
| FIRST TRUST ADVISORS LP | Added | +599.1k |
| Pacer Advisors, Inc. | Added | +589.6k |
| DEUTSCHE BANK AG\ | Added | +544.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +515.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +482.8k |
Biggest sellers
| FMR LLC | Reduced | -6.2m |
| LONE PINE CAPITAL LLC | Reduced | -1.2m |
| Holocene Advisors, LP | Sold out | -614.6k |
| Squarepoint Ops LLC | Reduced | -483.8k |
| Boston Partners | Reduced | -400.6k |
| BAMCO INC /NY/ | Reduced | -357.7k |
| KBC Group NV | Reduced | -341.9k |
| Cercano Management LLC | Reduced | -320.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -257.5k |
| D. E. Shaw & Co., Inc. | Reduced | -242.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $235.6m1.7m shares |
| RIT CAPITAL PARTNERS PLC | Reduced | $172.3m1.3m shares |
| CITADEL ADVISORS LLC | Added | $139.9m1.0m shares |
| IMC-Chicago, LLC | Added | $59.6m436.9k shares |
| SIMPLEX TRADING, LLC | Added | $56.0m410.6k shares |
| JANE STREET GROUP, LLC | Added | $50.7m372.0k shares |
| GROUP ONE TRADING LLC | Added | $45.2m331.7k shares |
| Long Pond Capital, LP | New | $40.9m300.0k shares |
| WOLVERINE TRADING, LLC | Added | $29.4m215.9k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $25.5m186.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $120.0m880.2k shares |
| CITADEL ADVISORS LLC | Added | $79.2m581.0k shares |
| SIMPLEX TRADING, LLC | Added | $48.4m354.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $46.0m3.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $44.5m326.3k shares |
| Parallax Volatility Advisers, L.P. | Added | $43.7m320.2k shares |
| IMC-Chicago, LLC | Reduced | $28.8m211.1k shares |
| WOLVERINE TRADING, LLC | Added | $25.3m185.4k shares |
| HSBC HOLDINGS PLC | Unchanged | $20.6m151.0k shares |
| Walleye Trading LLC | Added | $16.2m118.7k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $3.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-10-28 | SONNENFELD JEFFREY Director | Sold | $3.1m17.5k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 26.3m $3.6bn | Reduced -159.5k |
| BlackRock, Inc. 0.07% of their portfolio | 24.9m $3.4bn | Added +344.1k |
| STATE STREET CORP 0.06% of their portfolio | 11.5m $1.6bn | Added +369.3k |
| Aristotle Capital Management, LLC 2.63% of their portfolio | 10.0m $1.4bn | Reduced -59.8k |
| GREENHAVEN ASSOCIATES INC 18.49% of their portfolio | 9.2m $1.2bn | Added +77.5k |
| FMR LLC 0.06% of their portfolio | 7.2m $980.8m | Reduced -6.2m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.72% of their portfolio | 6.1m $834.1m | Added +213.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 5.9m $796.3m | Added +51.2k |
| Capital World Investors 0.09% of their portfolio | 4.4m $598.6m | Added +570 |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 4.2m $575.0m | Added +416.1k |
| MORGAN STANLEY 0.03% of their portfolio | 3.3m $456.8m | Added +9.5k |
| Pacer Advisors, Inc. 0.97% of their portfolio | 3.3m $446.1m | Added +589.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 3.2m $441.8m | Added +515.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.23% of their portfolio | 3.1m $425.9m | Added +271.3k |
| NORGES BANK 0.06% of their portfolio | 3.1m $421.4m | Added +239.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.33% of their portfolio | 3.1m $416.8m | Reduced -188.5k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 2.7m $370.6m | Reduced -62.6k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 2.7m $364.1m | Added +341.4k |
| Smead Capital Management, Inc. 5.50% of their portfolio | 2.6m $355.0m | Reduced -63.4k |
| Boston Partners 0.42% of their portfolio | 2.6m $347.9m | Reduced -400.6k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.4m $332.6m | Reduced -202.7k |
| Invesco Ltd. 0.06% of their portfolio | 2.3m $316.3m | Added +307.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.32% of their portfolio | 2.3m $308.7m | Added +397.5k |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 2.2m $297.1m | Added +599.1k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 2.1m $286.7m | Reduced -257.5k |
| NEUBERGER BERMAN GROUP LLC 0.22% of their portfolio | 2.0m $271.7m | Reduced -48.9k |
| AQR CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 1.8m $251.8m | Added +482.8k |
| Qube Research & Technologies Ltd 0.41% of their portfolio | 1.8m $250.7m | Added +1.4m |
| Brave Warrior Advisors, LLC 6.02% of their portfolio | 1.8m $242.0m | Reduced -6.5k |
| LONE PINE CAPITAL LLC 1.74% of their portfolio | 1.7m $234.3m | Reduced -1.2m |
| ACR Alpine Capital Research, LLC 4.91% of their portfolio | 1.7m $226.8m | Added +829.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.6m $218.4m | Added +30.5k |
| UBS Group AG 0.04% of their portfolio | 1.5m $198.2m | Added +753.3k |
| Legal & General Group Plc 0.05% of their portfolio | 1.4m $196.2m | Reduced -66.8k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.4m $187.1m | Reduced -194.8k |
| Caisse de depot et placement du Quebec 0.38% of their portfolio | 1.3m $181.3m | Reduced -27.2k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 1.3m $178.6m | Reduced -122.0k |
| Amundi 0.06% of their portfolio | 1.2m $167.3m | Added +5.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.2m $158.9m | Reduced -17.4k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 1.1m $144.9m | Added +312.5k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 963.8k $131.4m | Added +544.0k |
| Long Pond Capital, LP 6.62% of their portfolio | 920.3k $125.5m | Added +296.5k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 820.3k $111.9m | Reduced -233.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.38% of their portfolio | 779.8k $106.3m | Added +602.3k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 771.9k $105.3m | Reduced -126.5k |
| LSV ASSET MANAGEMENT 0.24% of their portfolio | 761.9k $103.9m | Reduced -8.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 691.1k $94.2m | Reduced -17.7k |
| EMINENCE CAPITAL, LP 1.43% of their portfolio | 685.2k $93.4m | Added +207.3k |
| Swiss National Bank 0.06% of their portfolio | 674.7k $92.0m | Reduced -42.7k |
| D. E. Shaw & Co., Inc. 0.10% of their portfolio | 673.9k $91.9m | Reduced -242.2k |
| D1 Capital Partners L.P. 1.46% of their portfolio | 672.4k $88.1m | Added +270.4k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 647.7k $88.3m | Added +9.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 637.1k $86.9m | New |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 633.8k $86.4m | Reduced -29.0k |
| BARCLAYS PLC 0.04% of their portfolio | 626.1k $85.4m | Reduced -198.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.30% of their portfolio | 613.2k $83.6m | Reduced -78.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 601.2k $82.0m | Reduced -6.3k |
| TCW GROUP INC 0.64% of their portfolio | 556.4k $75.9m | Reduced -8.0k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 533.8k $72.8m | Reduced -80.0k |
| Cannell & Spears LLC 1.44% of their portfolio | 515.0k $70.2m | Added +5.3k |
| CITIGROUP INC 0.07% of their portfolio | 507.7k $69.2m | Added +200.2k |
| Man Group plc 0.21% of their portfolio | 506.7k $69.1m | Added +268.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 467.2k $63.7m | Added +48.6k |
| Public Sector Pension Investment Board 0.27% of their portfolio | 466.0k $63.5m | Added +390.4k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 451.9k $61.6m | Reduced -17.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 439.7k $60.0m | Added +7.6k |
| California Public Employees Retirement System 0.04% of their portfolio | 410.4k $56.0m | Reduced -33.4k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 3.23% of their portfolio | 405.9k $55.4m | Unchanged |
| Sound Shore Management Inc /CT/ 1.78% of their portfolio | 396.3k $54.0m | Added +42.9k |
| Cercano Management LLC 1.37% of their portfolio | 395.6k $53.9m | Reduced -320.5k |
| River Road Asset Management, LLC 0.71% of their portfolio | 391.5k $53.4m | Added +13.5k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 391.4k $53.4m | First filing |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 375.5k $51.0m | Added +22.9k |
| National Pension Service 0.05% of their portfolio | 365.5k $47.9m | Reduced -15.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 362.1k $49.4m | Reduced -39.5k |
| BAMCO INC /NY/ 0.12% of their portfolio | 353.3k $48.2m | Reduced -357.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 351.9k $48.0m | Added +2.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 348.2k $47.5m | Reduced -72.7k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 347.7k $47.4m | Reduced -24.9k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 345.5k $46.0m | Added +256.6k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 337.2k $46.0m | Added +50.2k |
| Bridgewater Associates, LP 0.20% of their portfolio | 326.5k $44.5m | Added +134.2k |
| ASSETMARK, INC 0.12% of their portfolio | 313.1k $42.7m | Added +3.6k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 304.9k $41.6m | Reduced -38.8k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 302.8k $41.3m | Reduced -17.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.40% of their portfolio | 292.9k $39.9m | Added +156.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 286.4k $39.1m | Reduced -12.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 284.6k $38.8m | Reduced -9.1k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 282.1k $38.5m | Added +27.7k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 273.2k $37.3m | Reduced -7.3k |
| SALEM INVESTMENT COUNSELORS INC 1.21% of their portfolio | 270.0k $36.8m | Reduced -2.2k |
| QRG CAPITAL MANAGEMENT, INC. 0.36% of their portfolio | 256.1k $34.9m | Reduced -1.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.09% of their portfolio | 254.4k $34.7m | Added +98.8k |
| STRS OHIO 0.13% of their portfolio | 244.5k $33.3m | Added +3.2k |
| TUDOR INVESTMENT CORP ET AL 0.35% of their portfolio | 243.1k $33.2m | Added +183.8k |
| Brandywine Global Investment Management, LLC 0.24% of their portfolio | 240.6k $32.8m | Added +55.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio | 239.1k $32.6m | Added +139.0k |
| Parallax Volatility Advisers, L.P. 0.71% of their portfolio | 236.5k $32.2m | Added +129.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 236.2k $32.2m | Reduced -12.5k |
| Vest Financial, LLC 0.57% of their portfolio | 234.8k $32.0m | Added +88.4k |