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 ($45.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.47. Options: 28 managers hold calls ($369.9m notional), 30 hold puts ($432.1m).
Trends to Q2 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 |
| Q2 2026 | 936 |
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 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 |
| Q2 2026 | 500 | 412 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $711.2m | $697.6m | 0.98 |
| Q4 2025 | $398.3m | $350.4m | 0.88 |
| Q1 2026 | $333.6m | $385.7m | 1.16 |
| Q2 2026 | $369.9m | $432.1m | 1.17 |
Biggest buyers
| Berkshire Hathaway Inc | Added | +3.0m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
| Invesco Ltd. | Added | +744.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +706.5k |
| JANE STREET GROUP, LLC | Added | +688.1k |
| GREENHAVEN ASSOCIATES INC | Added | +684.1k |
| HighTower Advisors, LLC | Added | +681.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +673.3k |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +557.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +546.9k |
Biggest sellers
| FIRST TRUST ADVISORS LP | Reduced | -898.9k |
| Qube Research & Technologies Ltd | Reduced | -545.3k |
| UBS Group AG | Reduced | -539.7k |
| Aristotle Capital Management, LLC | Reduced | -509.8k |
| River Road Asset Management, LLC | Sold out | -479.0k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -462.8k |
| Clearbridge Investments, LLC | Sold out | -456.0k |
| Squarepoint Ops LLC | Reduced | -446.2k |
| D. E. Shaw & Co., Inc. | Reduced | -408.5k |
| National Pension Service | Reduced | -348.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $94.1m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $74.8m827.0k shares |
| JANE STREET GROUP, LLC | Added | $47.7m527.6k shares |
| UBS Group AG | Added | $31.7m350.7k shares |
| IMC-Chicago, LLC | Added | $22.6m249.2k shares |
| GROUP ONE TRADING LLC | Reduced | $18.8m207.5k shares |
| Walleye Trading LLC | Added | $15.8m174.7k shares |
| Point72 Asset Management, L.P. | Reduced | $10.2m112.3k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $9.1m100.1k shares |
| Squarepoint Ops LLC | Reduced | $8.6m95.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $125.3m1.4m shares |
| CITADEL ADVISORS LLC | Added | $63.6m703.1k shares |
| JANE STREET GROUP, LLC | Reduced | $52.9m584.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $32.3m356.8k shares |
| ROYAL BANK OF CANADA | New | $28.5m315.0k shares |
| GROUP ONE TRADING LLC | Reduced | $26.7m294.9k shares |
| UBS Group AG | Unchanged | $21.6m239.2k shares |
| Walleye Trading LLC | Added | $13.8m152.4k shares |
| 683 Capital Management, LLC | Reduced | $9.0m100.0k shares |
| IMC-Chicago, LLC | Reduced | $8.4m93.0k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-30 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $52.4m642.8k shares |
| 2026-09-29 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $1.0m12.4k shares |
| 2026-09-28 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $426.2k5.2k shares |
| 2026-09-25 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $39.9m492.1k shares |
| 2026-09-24 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $52.8m653.3k shares |
| 2026-09-23 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $43.6m534.3k shares |
| 2026-09-21 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $51.9m667.1k shares |
| 2026-09-18 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $105.6m1.4m shares |
| 2026-09-17 | BUFFETT WARREN E +1 10% owner · See footnote | Bought | $54.9m695.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 18.3m $1.7bn | Added +89.5k |
| Berkshire Hathaway Inc 0.40% of their portfolio | 13.1m $1.2bn | Added +3.0m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 13.0m $1.2bn | Added +74.2k |
| GREENHAVEN ASSOCIATES INC 11.82% of their portfolio | 11.3m $1.0bn | Added +684.1k |
| EAGLE CAPITAL MANAGEMENT LLC 2.95% of their portfolio | 10.7m $967.1m | Reduced -193.5k |
| STATE STREET CORP 0.03% of their portfolio | 10.4m $943.6m | Added +389.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.04% of their portfolio | 9.5m $863.9m | Added +20.7k |
| Aristotle Capital Management, LLC 1.49% of their portfolio | 7.8m $709.1m | Reduced -509.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.47% of their portfolio | 6.7m $604.8m | Added +706.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.8m $525.8m | Added +80.2k |
| ACR Alpine Capital Research, LLC 6.09% of their portfolio | 4.7m $429.2m | Added +531.1k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 3.6m $324.5m | Added +1.1m |
| MORGAN STANLEY 0.02% of their portfolio | 3.5m $320.5m | Added +336.8k |
| Invesco Ltd. 0.03% of their portfolio | 3.5m $316.2m | Added +744.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.15% of their portfolio | 3.4m $309.5m | Reduced -72.1k |
| Capital World Investors 0.04% of their portfolio | 3.3m $299.0m | Added +33.7k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 2.8m $252.9m | Added +673.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 1.86% of their portfolio | 2.7m $243.6m | Added +30.1k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.7m $240.4m | Reduced -149.9k |
| TWO SIGMA INVESTMENTS, LP 0.18% of their portfolio | 2.6m $232.7m | Reduced -32.9k |
| NORGES BANK 0.02% of their portfolio | 2.5m $222.6m | Not comparable |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.4m $219.2m | Added +120.9k |
| Brave Warrior Advisors, LLC 4.68% of their portfolio | 2.4m $214.7m | Reduced -36.9k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.1m $187.0m | Reduced -42.3k |
| Smead Capital Management, Inc. 3.92% of their portfolio | 2.0m $182.8m | Added +434.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.9m $170.3m | Added +99.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.8m $164.6m | Reduced -1.3k |
| FMR LLC 0.01% of their portfolio | 1.5m $138.1m | Added +106.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.4m $123.0m | Added +63.1k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.3m $119.8m | Reduced -238.3k |
| Tidal Investments LLC 0.29% of their portfolio | 1.3m $118.5m | Added +74.6k |
| Jupiter Topco LLC 0.05% of their portfolio | 1.3m $117.3m | First filing |
| Legal & General Group Plc 0.02% of their portfolio | 1.2m $110.5m | Reduced -80.7k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 1.2m $107.8m | Reduced -1.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.1m $100.7m | Reduced -210.1k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 1.0m $94.8m | Reduced -83.6k |
| UBS Group AG 0.01% of their portfolio | 1.0m $94.0m | Reduced -539.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.0m $91.1m | Reduced -35.9k |
| Prana Capital Management, LP 2.64% of their portfolio | 955.3k $86.4m | Added +106.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 954.3k $86.3m | Added +150.2k |
| AE Wealth Management LLC 0.36% of their portfolio | 860.8k $77.9m | Added +179.6k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.23% of their portfolio | 855.0k $77.4m | Reduced -97.2k |
| BARCLAYS PLC 0.02% of their portfolio | 754.1k $68.2m | Added +29.1k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.70% of their portfolio | 746.1k $67.5m | Added +115.4k |
| CITIGROUP INC 0.03% of their portfolio | 726.2k $65.7m | Added +93.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.13% of their portfolio | 716.0k $64.8m | Added +557.6k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 714.8k $64.7m | Added +688.1k |
| HighTower Advisors, LLC 0.06% of their portfolio | 709.4k $64.2m | Added +681.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 662.8k $60.0m | Added +13.2k |
| Quantinno Capital Management LP 0.07% of their portfolio | 651.3k $58.9m | Added +505.1k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 624.7k $56.5m | Reduced -408.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 601.3k $54.4m | Added +246.2k |
| Squarepoint Ops LLC 0.10% of their portfolio | 594.4k $53.8m | Reduced -446.2k |
| Nuveen, LLC 0.01% of their portfolio | 587.0k $53.1m | Reduced -5.5k |
| TCW GROUP INC 0.35% of their portfolio | 579.0k $52.4m | Reduced -115.9k |
| Swiss National Bank 0.03% of their portfolio | 576.8k $52.2m | Reduced -24.7k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 567.4k $51.3m | Reduced -20.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio | 546.9k $49.5m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 546.7k $49.5m | Added +14.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 544.1k $49.2m | Added +224.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 533.2k $48.2m | Added +519.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 526.2k $47.6m | Added +512.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 522.6k $47.3m | Added +39.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 500.3k $45.2m | Added +68.3k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 463.7k $42.0m | Reduced -7.5k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 454.9k $41.2m | Added +2.9k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 431.1k $39.0m | Reduced -545.3k |
| Rafferty Asset Management, LLC 0.09% of their portfolio | 424.6k $38.4m | Added +104.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 398.4k $36.1m | Added +40.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio | 391.9k $35.5m | Added +41.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 389.5k $35.2m | Reduced -119.2k |
| Amundi 0.01% of their portfolio | 379.6k $34.3m | Reduced -258.5k |
| TUDOR INVESTMENT CORP ET AL 0.14% of their portfolio | 368.1k $33.3m | Reduced -11.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 341.6k $30.9m | Reduced -33.5k |
| Nan Shan Life Insurance Co., Ltd. 0.93% of their portfolio | 328.0k $29.7m | Added +322.9k |
| Mariner, LLC 0.03% of their portfolio | 325.7k $29.5m | Added +144.2k |
| Prescott General Partners LLC 1.49% of their portfolio | 323.0k $29.2m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 322.1k $29.2m | Reduced -55.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 318.2k $28.8m | Added +3.5k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 1.13% of their portfolio | 317.5k $28.7m | Added +3.0k |
| ASSETMARK, INC 0.05% of their portfolio | 315.7k $28.6m | Reduced -9.6k |
| California Public Employees Retirement System 0.02% of their portfolio | 313.3k $28.3m | Reduced -88 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 308.3k $27.9m | Added +25.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 307.1k $27.8m | Reduced -14.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 285.4k $24.8m | Added +53.1k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 275.6k $24.9m | Reduced -898.9k |
| Pacific Heights Asset Management LLC 0.79% of their portfolio | 275.0k $24.9m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 269.3k $24.4m | Added +44.3k |
| Creative Planning 0.01% of their portfolio | 261.9k $23.7m | Added +134.8k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 260.2k $23.6m | Added +18.5k |
| TRUIST FINANCIAL CORP 0.03% of their portfolio | 259.6k $23.5m | Reduced -6.9k |
| SALEM INVESTMENT COUNSELORS INC 0.58% of their portfolio | 258.9k $23.4m | Reduced -3.5k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 248.7k $22.5m | Added +48.8k |
| SG Americas Securities, LLC 0.01% of their portfolio | 238.4k $21.6m | Added +160.8k |
| ARMISTICE CAPITAL, LLC 0.55% of their portfolio | 221.4k $20.0m | Added +44.4k |
| CAPITAL FUND MANAGEMENT S.A. 0.14% of their portfolio | 217.2k $19.7m | Reduced -91.6k |
| Cannell & Spears LLC 0.34% of their portfolio | 209.7k $19.0m | Added +24.8k |
| Empowered Funds, LLC 0.10% of their portfolio | 200.1k $18.1m | Reduced -109.8k |
| Edgemoor Investment Advisors, Inc. 1.22% of their portfolio | 197.6k $17.9m | Reduced -5.1k |
| Freestone Grove Partners LP 0.12% of their portfolio | 196.9k $17.8m | New |