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 ($64.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $86.81. Options: 24 managers hold calls ($333.6m notional), 26 hold puts ($385.7m).
Trends to Q1 2026
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 |
| Q3 2025 | 983 |
| Q4 2025 | 967 |
| Q1 2026 | 939 |
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 2024 | 495 | 445 |
| Q3 2024 | 508 | 466 |
| Q4 2024 | 444 | 543 |
| Q1 2025 | 487 | 507 |
| Q2 2025 | 455 | 474 |
| Q3 2025 | 501 | 430 |
| Q4 2025 | 363 | 563 |
| Q1 2026 | 457 | 469 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $495.4m | $604.1m | 1.22 |
| Q3 2025 | $711.2m | $697.6m | 0.98 |
| Q4 2025 | $398.3m | $350.4m | 0.88 |
| Q1 2026 | $333.6m | $385.7m | 1.16 |
Biggest buyers
| Berkshire Hathaway Inc | Added | +3.0m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.7m |
| Tidal Investments LLC | Added | +1.2m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.1m |
| ACR Alpine Capital Research, LLC | Added | +997.0k |
| GOLDMAN SACHS GROUP INC | Added | +739.2k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Added | +698.8k |
| Invesco Ltd. | Added | +631.5k |
| Qube Research & Technologies Ltd | Added | +605.3k |
| UBS Group AG | Added | +554.8k |
Biggest sellers
| FMR LLC | Reduced | -1.8m |
| JANE STREET GROUP, LLC | Reduced | -1.5m |
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.1m |
| Freestone Grove Partners LP | Sold out | -933.3k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -734.2k |
| TWO SIGMA ADVISERS, LP | Sold out | -676.7k |
| NORTHERN TRUST CORP | Reduced | -596.7k |
| MORGAN STANLEY | Reduced | -557.4k |
| FIRST TRUST ADVISORS LP | Reduced | -511.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $82.5m949.8k shares |
| CITADEL ADVISORS LLC | Added | $76.3m878.6k shares |
| JANE STREET GROUP, LLC | Added | $31.0m356.9k shares |
| UBS Group AG | Added | $24.2m278.4k shares |
| GROUP ONE TRADING LLC | Added | $23.5m270.9k shares |
| IMC-Chicago, LLC | Reduced | $19.9m228.6k shares |
| Squarepoint Ops LLC | Added | $15.7m180.8k shares |
| Point72 Asset Management, L.P. | Reduced | $9.9m113.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $8.8m101.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $7.5m86.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $102.2m1.2m shares |
| JANE STREET GROUP, LLC | Added | $59.1m680.0k shares |
| CITADEL ADVISORS LLC | Added | $40.6m467.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $38.0m437.5k shares |
| GROUP ONE TRADING LLC | Added | $27.2m313.2k shares |
| UBS Group AG | Added | $20.8m239.2k shares |
| IMC-Chicago, LLC | Added | $16.5m189.7k shares |
| 683 Capital Management, LLC | Added | $13.0m150.0k shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | New | $13.0m150.0k shares |
| Squarepoint Ops LLC | Added | $7.9m90.6k 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 2026
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 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 18.3m $1.6bn | Added +169.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 12.9m $1.1bn | First filing |
| EAGLE CAPITAL MANAGEMENT LLC 3.17% of their portfolio | 10.9m $944.9m | Reduced -105.8k |
| GREENHAVEN ASSOCIATES INC 15.21% of their portfolio | 10.6m $923.3m | Added +538.0k |
| Berkshire Hathaway Inc 0.33% of their portfolio | 10.1m $877.1m | Added +3.0m |
| STATE STREET CORP 0.03% of their portfolio | 10.0m $871.7m | Reduced -67.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.04% of their portfolio | 9.5m $827.3m | First filing |
| Aristotle Capital Management, LLC 1.52% of their portfolio | 8.3m $724.8m | Reduced -379.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.45% of their portfolio | 6.0m $519.0m | Reduced -113.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.8m $497.7m | Added +131.2k |
| ACR Alpine Capital Research, LLC 5.46% of their portfolio | 4.2m $365.8m | Added +997.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 3.5m $303.2m | Added +98.7k |
| Capital World Investors 0.04% of their portfolio | 3.3m $284.0m | Added +6.7k |
| MORGAN STANLEY 0.02% of their portfolio | 3.2m $278.4m | Reduced -557.4k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.8m $243.7m | Added +310.0k |
| Invesco Ltd. 0.02% of their portfolio | 2.8m $238.8m | Added +631.5k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 2.03% of their portfolio | 2.7m $231.2m | Added +698.8k |
| TWO SIGMA INVESTMENTS, LP 0.19% of their portfolio | 2.6m $226.1m | Added +1.1m |
| JANUS HENDERSON GROUP PLC 0.11% of their portfolio | 2.5m $221.2m | Added +419.7k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.5m $214.0m | Added +739.2k |
| Brave Warrior Advisors, LLC 5.18% of their portfolio | 2.4m $209.3m | Reduced -1.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.3m $199.8m | Added +17.8k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 2.1m $184.2m | Added +1.7m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.1m $183.2m | Reduced -596.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.8m $153.9m | Reduced -1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.8m $154.8m | Added +61.8k |
| Smead Capital Management, Inc. 3.00% of their portfolio | 1.6m $137.7m | Reduced -236.1k |
| UBS Group AG 0.02% of their portfolio | 1.6m $137.1m | Added +554.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.6m $135.6m | Added +303.9k |
| FMR LLC 0.01% of their portfolio | 1.4m $123.3m | Reduced -1.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.3m $114.9m | Added +381.9k |
| Legal & General Group Plc 0.03% of their portfolio | 1.3m $113.1m | Added +23.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.3m $112.5m | Added +401.7k |
| Tidal Investments LLC 0.33% of their portfolio | 1.2m $104.8m | Added +1.2m |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.2m $103.6m | First filing |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 1.2m $102.0m | Reduced -511.4k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 1.1m $98.2m | Reduced -144.4k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.0m $90.6m | Reduced -28.4k |
| Squarepoint Ops LLC 0.19% of their portfolio | 1.0m $90.4m | Reduced -213.6k |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 1.0m $89.7m | Added +52.4k |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 976.4k $84.8m | Added +605.3k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.27% of their portfolio | 952.2k $82.7m | Reduced -734.2k |
| Prana Capital Management, LP 2.26% of their portfolio | 848.5k $73.7m | Added +416.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 804.1k $69.8m | Added +35.5k |
| BARCLAYS PLC 0.02% of their portfolio | 725.0k $63.0m | Added +94.5k |
| TCW GROUP INC 0.45% of their portfolio | 694.9k $60.3m | Added +362.3k |
| AE Wealth Management LLC 0.32% of their portfolio | 681.2k $59.2m | Added +402.9k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 649.5k $56.4m | Added +29.1k |
| Amundi 0.02% of their portfolio | 638.1k $55.4m | Added +25.5k |
| CITIGROUP INC 0.03% of their portfolio | 632.5k $54.9m | Added +181.8k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.63% of their portfolio | 630.7k $54.8m | Added +88.6k |
| Swiss National Bank 0.03% of their portfolio | 601.5k $52.2m | Added +27.5k |
| Nuveen, LLC 0.01% of their portfolio | 592.5k $51.5m | Reduced -90.1k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 591.3k $51.3m | Added +86.6k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 588.2k $51.1m | Reduced -6.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 531.9k $46.2m | Reduced -40.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 508.7k $44.2m | Added +232.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 482.8k $41.9m | Added +34.2k |
| River Road Asset Management, LLC 0.47% of their portfolio | 479.0k $41.6m | Added +17.4k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 471.1k $40.9m | First filing |
| Clearbridge Investments, LLC 0.03% of their portfolio | 456.0k $39.6m | Added +93.0k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 452.0k $39.3m | Added +1.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 432.0k $37.5m | Reduced -504.0k |
| TUDOR INVESTMENT CORP ET AL 0.18% of their portfolio | 379.3k $32.9m | Added +33.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 377.2k $32.8m | Reduced -127.4k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 375.1k $32.6m | Reduced -220.2k |
| National Pension Service 0.02% of their portfolio | 363.8k $31.6m | Reduced -81.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 357.5k $31.0m | Reduced -14.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 355.2k $30.8m | Reduced -237.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 350.6k $30.4m | First filing |
| Caisse de depot et placement du Quebec 0.05% of their portfolio | 348.1k $30.2m | Added +63.0k |
| ASSETMARK, INC 0.06% of their portfolio | 325.4k $28.3m | Reduced -21.3k |
| Prescott General Partners LLC 2.05% of their portfolio | 323.0k $28.0m | Added +303.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 321.7k $27.9m | Reduced -13.0k |
| Rafferty Asset Management, LLC 0.11% of their portfolio | 320.4k $27.8m | Reduced -49.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 319.2k $27.7m | Reduced -341.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 314.7k $27.3m | Reduced -12.5k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 1.17% of their portfolio | 314.5k $27.3m | Added +12.0k |
| California Public Employees Retirement System 0.02% of their portfolio | 313.4k $27.2m | Added +7.1k |
| Empowered Funds, LLC 0.17% of their portfolio | 309.9k $26.9m | New |
| CAPITAL FUND MANAGEMENT S.A. 0.24% of their portfolio | 308.8k $26.8m | Added +70.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 292.3k $25.4m | Reduced -510.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 282.6k $24.5m | Added +43.4k |
| Pacific Heights Asset Management LLC 0.80% of their portfolio | 275.0k $23.9m | Added +50.0k |
| TRUIST FINANCIAL CORP 0.03% of their portfolio | 266.5k $23.1m | Added +16.8k |
| SALEM INVESTMENT COUNSELORS INC 0.67% of their portfolio | 262.4k $22.8m | Added +440 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 261.0k $22.7m | Reduced -2.5k |
| Jump Financial, LLC 0.32% of their portfolio | 251.4k $21.8m | Added +72.5k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 241.7k $20.9m | Reduced -240 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 232.3k $23.9m | Reduced -19.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 225.0k $19.5m | Reduced -62.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 213.2k $18.5m | Added +130.6k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 209.7k $18.2m | Added +79.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 206.6k $17.9m | Reduced -193 |
| Sophron Capital Management L.P. 5.23% of their portfolio | 204.3k $17.7m | Added +168.8k |
| Edgemoor Investment Advisors, Inc. 1.39% of their portfolio | 202.7k $17.6m | Added +1.1k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 199.8k $17.4m | Added +76.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 193.0k $16.8m | Reduced -10.3k |
| Cannell & Spears LLC 0.31% of their portfolio | 184.9k $16.1m | Reduced -37.3k |
| Sterling Capital Management LLC 0.30% of their portfolio | 182.2k $15.8m | Added +14.7k |