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 ($103.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.61. Options: 33 managers hold calls ($495.4m notional), 38 hold puts ($604.1m).
Trends to Q2 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 |
| Q2 2025 | 941 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 455 | 474 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.3bn | $761.8m | 0.60 |
| Q4 2024 | $1.1bn | $624.8m | 0.59 |
| Q1 2025 | $646.0m | $584.4m | 0.90 |
| Q2 2025 | $495.4m | $604.1m | 1.22 |
Biggest buyers
| Berkshire Hathaway Inc | Added | +5.1m |
| EAGLE CAPITAL MANAGEMENT LLC | Added | +1.7m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +1.3m |
| VIKING GLOBAL INVESTORS LP | Added | +1.2m |
| VANGUARD GROUP INC | Added | +1.1m |
| Squarepoint Ops LLC | Added | +1.0m |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | New | +816.6k |
| ROYAL BANK OF CANADA | Added | +631.5k |
| MORGAN STANLEY | Added | +620.5k |
| Migdal Insurance & Financial Holdings Ltd. | New | +460.0k |
Biggest sellers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -2.3m |
| Capital World Investors | Reduced | -1.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -957.8k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -923.0k |
| Boston Partners | Reduced | -790.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -487.0k |
| D1 Capital Partners L.P. | Sold out | -468.4k |
| Sound Shore Management Inc /CT/ | Sold out | -466.8k |
| UBS Group AG | Reduced | -460.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -423.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $118.4m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $96.4m871.4k shares |
| IMC-Chicago, LLC | Added | $43.6m394.0k shares |
| Squarepoint Ops LLC | Added | $38.5m348.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $31.5m285.1k shares |
| GROUP ONE TRADING LLC | Reduced | $24.4m220.8k shares |
| Qube Research & Technologies Ltd | Added | $15.4m139.4k shares |
| Walleye Capital LLC | Added | $14.8m134.7k shares |
| WOLVERINE TRADING, LLC | Added | $14.6m132.5k shares |
| Twin Tree Management, LP | Reduced | $14.3m129.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $144.5m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $103.8m938.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $58.7m530.7k shares |
| IMC-Chicago, LLC | Added | $46.6m421.4k shares |
| Walleye Capital LLC | Added | $25.9m240.6k shares |
| JANE STREET GROUP, LLC | Added | $23.9m216.1k shares |
| Walleye Trading LLC | Added | $21.6m284.3k shares |
| Twin Tree Management, LP | Added | $19.9m180.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $18.0m1.6k shares |
| SIMPLEX TRADING, LLC | Added | $17.9m273.1k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 26.9m $3.0bn | Added +1.1m |
| BlackRock, Inc. 0.05% of their portfolio | 21.4m $2.4bn | Reduced -406.8k |
| STATE STREET CORP 0.04% of their portfolio | 10.8m $1.2bn | Added +149.2k |
| Aristotle Capital Management, LLC 2.06% of their portfolio | 9.7m $1.1bn | Reduced -74.1k |
| GREENHAVEN ASSOCIATES INC 15.62% of their portfolio | 9.5m $1.1bn | Added +53.6k |
| EAGLE CAPITAL MANAGEMENT LLC 3.29% of their portfolio | 9.0m $999.5m | Added +1.7m |
| Berkshire Hathaway Inc 0.30% of their portfolio | 7.0m $779.7m | Added +5.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.66% of their portfolio | 6.6m $734.1m | Reduced -2.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 6.0m $660.6m | Added +36.4k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 5.1m $564.1m | Added +207.0k |
| FMR LLC 0.03% of their portfolio | 4.7m $521.6m | Added +128.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.54% of their portfolio | 4.1m $456.8m | Added +1.3m |
| MORGAN STANLEY 0.03% of their portfolio | 3.7m $409.6m | Added +620.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.20% of their portfolio | 3.4m $372.2m | Added +88.9k |
| Capital World Investors 0.05% of their portfolio | 3.3m $359.9m | Reduced -1.1m |
| NORGES BANK 0.04% of their portfolio | 3.1m $338.1m | Added +372.8k |
| ACR Alpine Capital Research, LLC 5.85% of their portfolio | 3.0m $326.9m | Added +275.9k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.8m $305.8m | Reduced -367.6k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.7m $303.7m | Reduced -39.2k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 2.6m $287.6m | Added +55.1k |
| VIKING GLOBAL INVESTORS LP 0.81% of their portfolio | 2.5m $279.1m | Added +1.2m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.5m $273.7m | Reduced -92.5k |
| FIRST TRUST ADVISORS LP 0.21% of their portfolio | 2.3m $259.7m | Added +333.4k |
| Invesco Ltd. 0.04% of their portfolio | 2.3m $249.3m | Reduced -212.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.22% of their portfolio | 2.2m $241.8m | Reduced -219.9k |
| Brave Warrior Advisors, LLC 5.47% of their portfolio | 2.2m $238.6m | Reduced -32.5k |
| Smead Capital Management, Inc. 4.65% of their portfolio | 2.1m $232.0m | Reduced -279.6k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 1.8m $202.6m | Reduced -95.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.7m $187.3m | Added +72.5k |
| Qube Research & Technologies Ltd 0.23% of their portfolio | 1.5m $168.4m | Reduced -11.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio | 1.5m $166.2m | Reduced -957.8k |
| EMINENCE CAPITAL, LP 2.39% of their portfolio | 1.5m $162.4m | Reduced -113.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 1.5m $162.0m | Reduced -288.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.4m $157.3m | Added +631.5k |
| Legal & General Group Plc 0.04% of their portfolio | 1.3m $146.6m | Reduced -62.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.3m $145.4m | Added +171.1k |
| Pacer Advisors, Inc. 0.34% of their portfolio | 1.2m $134.4m | Reduced -336.1k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.2m $134.2m | Reduced -100.1k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.2m $128.9m | Added +67.3k |
| Squarepoint Ops LLC 0.28% of their portfolio | 1.1m $126.6m | Added +1.0m |
| UBS Group AG 0.03% of their portfolio | 1.1m $122.1m | Reduced -460.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.1m $119.1m | Added +238.1k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.86% of their portfolio | 816.6k $90.3m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.35% of their portfolio | 795.7k $88.0m | Added +59.2k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 794.7k $87.9m | Reduced -69.7k |
| BARCLAYS PLC 0.03% of their portfolio | 756.2k $83.6m | Reduced -12.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 755.8k $83.6m | Reduced -167.7k |
| Swiss National Bank 0.05% of their portfolio | 702.9k $77.7m | Added +29.3k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 699.6k $77.0m | Reduced -285.6k |
| LSV ASSET MANAGEMENT 0.17% of their portfolio | 673.4k $74.5m | Reduced -62.7k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 641.7k $71.0m | Reduced -20.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 634.9k $70.2m | Added +21.7k |
| Nuveen, LLC 0.02% of their portfolio | 608.9k $67.3m | Added +9.0k |
| TWO SIGMA ADVISERS, LP 0.13% of their portfolio | 589.1k $65.2m | Added +158.4k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 558.9k $61.8m | Reduced -104.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 552.5k $61.1m | Reduced -6.1k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 535.7k $59.3m | Reduced -9.2k |
| Amundi 0.02% of their portfolio | 516.9k $59.5m | Reduced -286.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 515.8k $57.1m | Reduced -423.5k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 511.3k $56.5m | Added +137.0k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 497.8k $55.1m | Added +6.4k |
| TCW GROUP INC 0.43% of their portfolio | 494.2k $54.7m | Reduced -60.7k |
| CITIGROUP INC 0.04% of their portfolio | 465.2k $51.5m | Added +18.4k |
| Migdal Insurance & Financial Holdings Ltd. 0.30% of their portfolio | 460.0k $50.9m | New |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.58% of their portfolio | 454.6k $50.3m | Added +65.5k |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 452.7k $50.1m | Added +327.0k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 2.47% of their portfolio | 449.0k $49.7m | Added +43.1k |
| River Road Asset Management, LLC 0.63% of their portfolio | 443.5k $49.7m | Added +205.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 439.9k $48.7m | Added +6.2k |
| Schonfeld Strategic Advisors LLC 0.37% of their portfolio | 438.3k $48.5m | Added +219.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.18% of their portfolio | 436.9k $48.3m | Reduced -14.2k |
| California Public Employees Retirement System 0.03% of their portfolio | 410.7k $45.4m | Added +19.9k |
| Freestone Grove Partners LP 0.34% of their portfolio | 405.1k $44.8m | New |
| National Pension Service 0.04% of their portfolio | 403.8k $44.7m | Reduced -17.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 398.5k $44.1m | Added +39.6k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 388.3k $43.0m | Added +228.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 387.7k $42.9m | Reduced -17.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 360.8k $39.9m | Added +815 |
| ASSETMARK, INC 0.09% of their portfolio | 346.7k $38.3m | Added +12.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 343.1k $37.9m | Added +216.7k |
| ANTIPODES PARTNERS Ltd 1.17% of their portfolio | 340.0k $37.6m | Reduced -24.0k |
| Prana Capital Management, LP 1.34% of their portfolio | 333.8k $36.9m | New |
| AustralianSuper Pty Ltd 0.18% of their portfolio | 322.8k $35.7m | Unchanged |
| Ceredex Value Advisors LLC 0.73% of their portfolio | 307.1k $34.0m | Reduced -25.1k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 304.1k $33.6m | Reduced -487.0k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 1.52% of their portfolio | 303.8k $33.6m | Reduced -987 |
| Vest Financial, LLC 0.46% of their portfolio | 294.4k $32.6m | Added +50.6k |
| Boston Partners 0.04% of their portfolio | 289.3k $32.0m | Reduced -790.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 281.0k $31.1m | Reduced -9.6k |
| CAPITAL FUND MANAGEMENT S.A. 0.33% of their portfolio | 274.1k $30.3m | Added +19.3k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 272.5k $30.1m | Reduced -135.2k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 270.8k $30.0m | Added +57.4k |
| SALEM INVESTMENT COUNSELORS INC 0.93% of their portfolio | 264.5k $29.3m | Reduced -3.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 254.7k $28.2m | Reduced -923.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 252.5k $27.9m | Reduced -36.2k |
| Quantinno Capital Management LP 0.12% of their portfolio | 245.8k $27.2m | Added +13.2k |
| Bridgewater Associates, LP 0.11% of their portfolio | 238.7k $26.4m | Added +179.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.08% of their portfolio | 233.1k $25.8m | Reduced -63.4k |
| SAPIENT CAPITAL LLC 0.46% of their portfolio | 232.4k $25.7m | Added +124.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 232.4k $25.7m | Added +2.5k |