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 ($91.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $114.72. Options: 34 managers hold calls ($646.0m notional), 37 hold puts ($584.4m).
Trends to Q1 2025
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 |
| Q1 2025 | 969 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 487 | 507 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $713.4m | $499.8m | 0.70 |
| Q3 2024 | $1.3bn | $761.8m | 0.60 |
| Q4 2024 | $1.1bn | $624.8m | 0.59 |
| Q1 2025 | $646.0m | $584.4m | 0.90 |
Biggest buyers
| EAGLE CAPITAL MANAGEMENT LLC | New | +7.3m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | New | +2.9m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +2.8m |
| Berkshire Hathaway Inc | New | +1.9m |
| VIKING GLOBAL INVESTORS LP | New | +1.4m |
| ACR Alpine Capital Research, LLC | Added | +1.0m |
| EMINENCE CAPITAL, LP | Added | +896.3k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +710.5k |
| BANK OF AMERICA CORP /DE/ | Added | +693.7k |
| JPMORGAN CHASE & CO | Added | +676.6k |
Biggest sellers
| BlackRock, Inc. | Reduced | -3.1m |
| FMR LLC | Reduced | -2.6m |
| Pacer Advisors, Inc. | Reduced | -1.7m |
| LONE PINE CAPITAL LLC | Sold out | -1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.5m |
| Boston Partners | Reduced | -1.5m |
| Long Pond Capital, LP | Sold out | -920.3k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -861.6k |
| STATE STREET CORP | Reduced | -845.9k |
| Caisse de depot et placement du Quebec | Reduced | -784.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $187.5m1.6m shares |
| CITADEL ADVISORS LLC | Added | $122.9m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $59.1m514.8k shares |
| IMC-Chicago, LLC | Reduced | $39.9m347.9k shares |
| SIMPLEX TRADING, LLC | Added | $39.6m460.3k shares |
| RIT CAPITAL PARTNERS PLC | Reduced | $39.6m345.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $27.2m236.8k shares |
| GROUP ONE TRADING LLC | Reduced | $26.2m228.6k shares |
| JANE STREET GROUP, LLC | Reduced | $19.0m165.8k shares |
| Twin Tree Management, LP | Added | $16.6m144.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $169.0m1.5m shares |
| CITADEL ADVISORS LLC | Added | $115.2m1.0m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $59.8m521.3k shares |
| IMC-Chicago, LLC | Added | $35.6m310.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $26.4m2.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $20.3m176.6k shares |
| D. E. Shaw & Co., Inc. | Added | $18.5m161.2k shares |
| Squarepoint Ops LLC | Added | $14.0m122.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.5m236.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $11.9m104.2k 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 2025
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 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 | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 25.9m $3.0bn | Reduced -382.2k |
| BlackRock, Inc. 0.05% of their portfolio | 21.8m $2.5bn | Reduced -3.1m |
| STATE STREET CORP 0.05% of their portfolio | 10.7m $1.2bn | Reduced -845.9k |
| Aristotle Capital Management, LLC 2.23% of their portfolio | 9.8m $1.1bn | Reduced -273.0k |
| GREENHAVEN ASSOCIATES INC 17.22% of their portfolio | 9.4m $1.1bn | Added +275.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.97% of their portfolio | 8.9m $1.0bn | Added +2.8m |
| EAGLE CAPITAL MANAGEMENT LLC 3.06% of their portfolio | 7.3m $837.7m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 6.0m $682.0m | Added +101.7k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 4.9m $561.6m | Added +676.6k |
| FMR LLC 0.03% of their portfolio | 4.6m $526.5m | Reduced -2.6m |
| Capital World Investors 0.08% of their portfolio | 4.4m $504.6m | Added +7.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.21% of their portfolio | 3.3m $376.0m | Added +152.4k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 3.1m $359.5m | Added +693.7k |
| MORGAN STANLEY 0.03% of their portfolio | 3.1m $353.8m | Reduced -267.0k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.19% of their portfolio | 2.9m $327.9m | New |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 2.8m $319.6m | Added +67.6k |
| NORGES BANK 0.04% of their portfolio | 2.7m $308.1m | Reduced -406.5k |
| ACR Alpine Capital Research, LLC 6.44% of their portfolio | 2.7m $307.6m | Added +1.0m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.6m $294.6m | Reduced -103.1k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 2.5m $292.1m | Added +442.3k |
| Invesco Ltd. 0.05% of their portfolio | 2.5m $283.1m | Added +147.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.23% of their portfolio | 2.5m $282.4m | Reduced -596.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.29% of their portfolio | 2.4m $274.8m | Added +166.9k |
| Smead Capital Management, Inc. 4.68% of their portfolio | 2.4m $272.9m | Reduced -226.1k |
| Brave Warrior Advisors, LLC 5.76% of their portfolio | 2.2m $251.3m | Added +415.2k |
| FIRST TRUST ADVISORS LP 0.20% of their portfolio | 2.0m $231.2m | Reduced -164.5k |
| Berkshire Hathaway Inc 0.09% of their portfolio | 1.9m $221.5m | New |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 1.9m $221.2m | Reduced -65.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 1.8m $201.2m | Reduced -1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.6m $186.0m | Added +18.9k |
| EMINENCE CAPITAL, LP 3.03% of their portfolio | 1.6m $181.5m | Added +896.3k |
| UBS Group AG 0.04% of their portfolio | 1.6m $179.5m | Added +110.8k |
| Pacer Advisors, Inc. 0.42% of their portfolio | 1.6m $178.1m | Reduced -1.7m |
| Qube Research & Technologies Ltd 0.27% of their portfolio | 1.5m $176.0m | Reduced -304.8k |
| Legal & General Group Plc 0.04% of their portfolio | 1.4m $159.3m | Reduced -50.6k |
| VIKING GLOBAL INVESTORS LP 0.49% of their portfolio | 1.4m $155.1m | New |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.3m $150.7m | Reduced -59.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio | 1.2m $135.2m | Added +710.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.1m $131.3m | Reduced -21.5k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.1m $126.0m | Added +277.9k |
| Boston Partners 0.15% of their portfolio | 1.1m $123.9m | Reduced -1.5m |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 985.2k $112.0m | Reduced -861.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio | 939.3k $107.8m | Added +302.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 923.4k $106.0m | First filing |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 864.4k $99.1m | Reduced -197.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 839.1k $96.3m | Added +148.0k |
| Amundi 0.03% of their portfolio | 802.8k $88.4m | Reduced -443.1k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 791.1k $90.8m | Added +442.9k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 790.3k $90.7m | Added +18.4k |
| BARCLAYS PLC 0.04% of their portfolio | 768.6k $88.2m | Added +142.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.34% of their portfolio | 736.5k $84.5m | Added +123.3k |
| LSV ASSET MANAGEMENT 0.20% of their portfolio | 736.1k $84.5m | Reduced -25.8k |
| Swiss National Bank 0.05% of their portfolio | 673.6k $77.3m | Reduced -1.1k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 663.6k $76.2m | Reduced -646.2k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 661.9k $76.0m | Added +14.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 613.2k $70.4m | Added +12.1k |
| Nuveen, LLC 0.02% of their portfolio | 599.8k $68.9m | First filing |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 558.6k $64.1m | Reduced -405.1k |
| TCW GROUP INC 0.57% of their portfolio | 554.9k $63.7m | Reduced -1.6k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 545.0k $62.6m | Reduced -784.7k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 491.3k $56.4m | Added +39.5k |
| D1 Capital Partners L.P. 0.82% of their portfolio | 468.4k $53.8m | Reduced -204.0k |
| Sound Shore Management Inc /CT/ 1.88% of their portfolio | 466.8k $53.6m | Added +70.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 451.1k $51.8m | Reduced -328.7k |
| CITIGROUP INC 0.04% of their portfolio | 446.8k $51.3m | Reduced -60.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 433.7k $49.8m | Added +58.1k |
| TWO SIGMA ADVISERS, LP 0.11% of their portfolio | 430.7k $49.4m | Added +307.8k |
| National Pension Service 0.05% of their portfolio | 421.1k $48.3m | Added +55.6k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 407.8k $46.8m | Added +60.1k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 2.62% of their portfolio | 405.9k $46.6m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 405.5k $46.5m | Added +14.1k |
| California Public Employees Retirement System 0.03% of their portfolio | 390.8k $44.9m | Reduced -19.6k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.55% of their portfolio | 389.1k $44.7m | Added +182.6k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 374.3k $42.9m | Reduced -159.4k |
| TUDOR INVESTMENT CORP ET AL 0.38% of their portfolio | 370.9k $42.6m | Added +127.8k |
| ANTIPODES PARTNERS Ltd 1.31% of their portfolio | 364.0k $41.8m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 360.0k $41.3m | Added +8.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 359.0k $41.2m | Reduced -3.1k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 358.0k $41.1m | Added +55.1k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 346.7k $39.8m | Added +220.1k |
| Blue Whale Capital LLP 3.18% of their portfolio | 342.7k $39.3m | New |
| ASSETMARK, INC 0.11% of their portfolio | 334.5k $38.4m | Added +21.5k |
| Ceredex Value Advisors LLC 0.83% of their portfolio | 332.2k $38.1m | New |
| AustralianSuper Pty Ltd 0.21% of their portfolio | 322.8k $37.1m | New |
| Brandywine Global Investment Management, LLC 0.26% of their portfolio | 319.1k $36.6m | Added +78.4k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 1.60% of their portfolio | 304.8k $33.4m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio | 296.5k $34.0m | Added +57.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 290.6k $33.4m | Added +4.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 288.7k $33.1m | Added +4.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio | 269.1k $30.9m | Added +14.7k |
| SALEM INVESTMENT COUNSELORS INC 1.07% of their portfolio | 268.2k $30.8m | Reduced -1.9k |
| HRT FINANCIAL LP 0.22% of their portfolio | 260.3k $29.9m | Added +182.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.37% of their portfolio | 254.8k $29.2m | Reduced -38.2k |
| Vest Financial, LLC 0.43% of their portfolio | 243.8k $28.0m | Added +9.0k |
| River Road Asset Management, LLC 0.37% of their portfolio | 238.2k $27.3m | Reduced -153.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 234.2k $26.9m | Added +66.0k |
| Quantinno Capital Management LP 0.17% of their portfolio | 232.6k $26.7m | Added +178.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 229.9k $26.4m | Unchanged |
| STRS OHIO 0.11% of their portfolio | 229.0k $26.3m | Reduced -15.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 224.0k $25.7m | Reduced -12.2k |