Vault-13

LENNAR CORP LEN.B

CL B · Common Stock · CUSIP 526057302

American home construction and real estate company

258 institutional holders +1 vs Q3 2025
7,474,8987.5m shares reported held*
$711.3mreported value*
26 new 73 added 88 reduced 34 sold out net sold ≈ $21.9m (-231.9k shares)

* 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $95.16. Options: 1 managers hold calls ($26.7k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 217Q4 22: 226Q1 23: 222Q2 23: 225Q3 23: 227Q4 23: 247Q1 24: 256Q2 24: 251Q3 24: 267Q4 24: 267Q1 25: 247Q2 25: 242Q3 25: 257Q4 25: 258258Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022217
Q4 2022226
Q1 2023222
Q2 2023225
Q3 2023227
Q4 2023247
Q1 2024256
Q2 2024251
Q3 2024267
Q4 2024267
Q1 2025247
Q2 2025242
Q3 2025257
Q4 2025258

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 24: 81 bought or addedQ1 24: 112 cut or sold outQ2 24: 82 bought or addedQ2 24: 110 cut or sold outQ2 24Q3 24: 94 bought or addedQ3 24: 107 cut or sold outQ4 24: 99 bought or addedQ4 24: 110 cut or sold outQ4 24Q1 25: 100 bought or addedQ1 25: 110 cut or sold outQ2 25: 112 bought or addedQ2 25: 103 cut or sold outQ2 25Q3 25: 113 bought or addedQ3 25: 91 cut or sold outQ4 25: 99 bought or addedQ4 25: 122 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202481112
Q2 202482110
Q3 202494107
Q4 202499110
Q1 2025100110
Q2 2025112103
Q3 202511391
Q4 202599122

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10k$20k$30kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $26.7kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$26.7k$00.00

Biggest buyers

MAGNOLIA GROUP, LLC New +71,031+71.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +37,048+37.0k
NORTHERN TRUST CORP Added +20,985+21.0k
MILLENNIUM MANAGEMENT LLC Added +16,319+16.3k
Squarepoint Ops LLC Added +15,506+15.5k
JANE STREET GROUP, LLC Added +12,555+12.6k
ABC ARBITRAGE SA Added +12,494+12.5k
GoodHaven Capital Management, LLC Added +12,400+12.4k
GAMCO INVESTORS, INC. ET AL Added +12,209+12.2k
VANGUARD GROUP INC Added +10,194+10.2k

Biggest sellers

Torray Investment Partners LLC Sold out -135,369-135.4k
SEIZERT CAPITAL PARTNERS, LLC Reduced -56,534-56.5k
Bank of New York Mellon Corp Reduced -41,625-41.6k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduced -31,515-31.5k
JPMORGAN CHASE & CO Reduced -28,813-28.8k
LOS ANGELES CAPITAL MANAGEMENT LLC Reduced -25,778-25.8k
NEUBERGER BERMAN GROUP LLC Reduced -25,189-25.2k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -18,214-18.2k
Wealthfront Advisers LLC Reduced -15,986-16.0k
Aristotle Capital Management, LLC Reduced -13,944-13.9k

Biggest calls

GoodHaven Capital Management, LLC New $26.7k30 shares

Biggest puts

None

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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: GAMCO INVESTORS, INC. ET AL (3.6%, 2026-01-13)

Insider purchases and sales in Q4 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)

BuyingSelling
202Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 1 buyingQ2 24: 2 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 1 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20241$247.3k2$4.8m$3.3m
Q3 20240—0——
Q4 20240—1$3.1m—
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,550,0201.6m $147.4m $147.4m 0.00% Added +10.2k +10,194
2 GABELLI FUNDS LLC 0.73% of their portfolio Rye, NY 1,140,7001.1m $108.5m $108.5m 0.73% Reduced -2.7k -2,700
3 GAMCO INVESTORS, INC. ET AL 0.43% of their portfolio GREENWICH, CT 465,870465.9k $44.3m $44.3m 0.43% Added +12.2k +12,209
4 GREENHAVEN ASSOCIATES INC 0.56% of their portfolio Purchase, NY 364,059364.1k $34.6m $34.6m 0.56% Unchanged
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 332,889332.9k $31.7m $31.7m 0.00% Reduced -6.0k -6,038
6 NORGES BANK 0.00% of their portfolio OSLO, Q8 226,742226.7k $21.6m $21.6m 0.00% Not comparable
7 Berkshire Hathaway Inc 0.01% of their portfolio Omaha, NE 180,980181.0k $17.2m $17.2m 0.01% Unchanged
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 169,623169.6k $16.1m $16.1m 0.00% Added +629 +629
9 GoodHaven Capital Management, LLC 4.65% of their portfolio MILLBURN, NJ 151,055151.1k $14.4m $14.4m 4.65% Added +12.4k +12,400
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 150,756150.8k $14.3m $14.3m 0.00% Reduced -1.1k -1,065
11 THIRD AVENUE MANAGEMENT LLC 2.56% of their portfolio NEW YORK, NY 148,008148.0k $14.1m $14.1m 2.56% Added +165 +165
12 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 134,972135.0k $12.8m $12.8m 0.02% Unchanged
13 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 126,995127.0k $12.1m $12.1m 0.00% Reduced -5.7k -5,654
14 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 121,960122.0k $11.6m $11.6m 0.00% Reduced -10.2k -10,232
15 683 Capital Management, LLC 0.91% of their portfolio NEW YORK, NY 115,000115.0k $10.9m $10.9m 0.91% Unchanged
16 NFC Investments, LLC 3.04% of their portfolio MEMPHIS, TN 113,311113.3k $10.8m $10.8m 3.04% Reduced -639 -639
17 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 112,974113.0k $10.7m $10.7m 0.01% Added +8.8k +8,793
18 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 91,70291.7k $8.7m $8.7m 0.01% Reduced -25.2k -25,189
19 Legal & General Group Plc 0.00% of their portfolio London, X0 80,43380.4k $7.7m $7.7m 0.00% Reduced -3.2k -3,159
20 FMR LLC 0.00% of their portfolio BOSTON, MA 77,44777.4k $7.4m $7.4m 0.00% Reduced -9.2k -9,185
21 MAGNOLIA GROUP, LLC 1.11% of their portfolio OMAHA, NE 71,03171.0k $6.8m $6.8m 1.11% New
22 Red Door Wealth Management, LLC 0.65% of their portfolio Memphis, TN 65,70565.7k $6.2m $6.2m 0.65% Reduced -5.5k -5,541
23 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 65,23065.2k $6.2m $6.2m 0.00% Added +510 +510
24 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 63,69963.7k $6.1m $6.1m 0.00% Reduced -2.9k -2,940
25 MONTGOMERY INVESTMENT MANAGEMENT INC 1.94% of their portfolio ROCKVILLE, MD 56,71756.7k $5.4m $5.4m 1.94% Reduced -150 -150
26 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 56,68656.7k $5.4m $5.4m 0.00% Added +21.0k +20,985
27 Aristotle Capital Management, LLC 0.01% of their portfolio LOS ANGELES, CA 53,49253.5k $5.1m $5.1m 0.01% Reduced -13.9k -13,944
28 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 43,82243.8k $4.2m $4.2m 0.00% Reduced -9.6k -9,550
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 43,73943.7k $4.2m $4.2m 0.01% Added +37.0k +37,048
30 Carnegie Investment Counsel 0.07% of their portfolio PEPPER PIKE, OH 42,58242.6k $4.1m $4.1m 0.07% Reduced -3.2k -3,241
31 Mraz, Amerine & Associates, Inc. 0.46% of their portfolio Modesto, CA 32,60632.6k $3.1m $3.1m 0.46% Added +1.7k +1,662
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,36431.4k $3.0m $3.0m 0.00% Added +12.6k +12,555
33 ACR Alpine Capital Research, LLC 0.04% of their portfolio ST. LOUIS, MO 30,18830.2k $2.9m $2.9m 0.04% Added +1.3k +1,305
34 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 28,94728.9k $2.8m $2.8m 0.00% Reduced -4.4k -4,376
35 State of Alaska, Department of Revenue 0.03% of their portfolio JUNEAU, AK 27,99928.0k $2.7m $2.7m 0.03% Unchanged
36 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 27,28327.3k $2.6m $2.6m 0.01% Reduced -3.5k -3,538
37 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,59826.6k $2.6m $2.6m 0.00% Added +3.1k +3,127
38 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,43925.4k $2.4m $2.4m 0.00% Added +16.3k +16,319
39 Carmel Capital Partners, LLC 0.84% of their portfolio SAN DIEGO, CA 25,01825.0k $2.4m $2.4m 0.84% Unchanged
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 24,77824.8k $2.4m $2.4m 0.00% Added +465 +465
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 23,43623.4k $2.2m $2.2m 0.00% Reduced -1.0k -1,026
42 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 22,34622.3k $2.1m $2.1m 0.00% Added +6.5k +6,530
43 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 21,87521.9k $2.1m $2.1m 0.00% Added +4.3k +4,349
44 FIRST MANHATTAN CO. LLC. 0.01% of their portfolio NEW YORK, NY 21,71721.7k $2.1m $2.1m 0.01% Reduced -860 -860
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,47321.5k $2.0m $2.0m 0.00% Reduced -28.8k -28,813
46 Handelsbanken Fonder AB 0.01% of their portfolio STOCKHOLM, V7 21,23621.2k $2.0m $2.0m 0.01% Reduced -10.3k -10,350
47 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 21,16921.2k $2.0m $2.0m 0.00% Unchanged
48 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 20,96421.0k $2.0m $2.0m 0.00% Added +2.7k +2,749
49 Malaga Cove Capital, LLC 0.69% of their portfolio PV ESTATES, CA 20,81320.8k $2.0m $2.0m 0.69% Reduced -1.3k -1,306
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 19,99220.0k $1.9m $1.9m 0.00% Reduced -41.6k -41,625
51 Amundi 0.00% of their portfolio Paris, I0 19,51719.5k $1.9m $1.9m 0.00% Added +10.0k +9,997
52 ABC ARBITRAGE SA 0.17% of their portfolio PARIS, I0 19,10019.1k $1.8m $1.8m 0.17% Added +12.5k +12,494
53 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 18,23918.2k $1.7m $1.7m 0.00% Added +15.5k +15,506
54 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 17,37717.4k $1.7m $1.7m 0.00% Added +1.5k +1,477
55 Ethic Inc. 0.02% of their portfolio NEW YORK, NY 16,53116.5k $1.6m $1.6m 0.02% Added +1.1k +1,073
56 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 15,73815.7k $1.5m $1.5m 0.00% Added +414 +414
57 Daytona Street Capital LLC 1.11% of their portfolio SAINT LOUIS, MO 15,63015.6k $1.4m $1.4m 1.11% First filing
58 Rafferty Asset Management, LLC 0.00% of their portfolio New York, NY 14,74414.7k $1.4m $1.4m 0.00% Added +998 +998
59 Byrne Asset Management LLC 0.76% of their portfolio KINGSTON, NJ 14,54514.5k $1.4m $1.4m 0.76% Reduced -148 -148
60 ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio PARIS CEDEX 008, I0 13,80013.8k $1.3m $1.3m 0.02% Unchanged
61 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 12,64112.6k $1.2m $1.2m 0.00% Reduced -155 -155
62 Patient Capital Management, LLC 0.05% of their portfolio BALTIMORE, MD 12,50012.5k $1.2m $1.2m 0.05% Unchanged
63 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 12,33812.3k $1.2m $1.2m 0.00% Reduced -1.1k -1,065
64 Board of the Pension Protection Fund 1.02% of their portfolio CROYDON, X0 11,30011.3k $1.1m $1.1m 1.02% Added +3.1k +3,100
65 Summit Trail Advisors, LLC 0.02% of their portfolio NEW YORK, NY 10,46910.5k $995.8k $995.8k 0.02% Added +2.5k +2,548
66 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 10,26310.3k $976.2k $976.2k 0.00% Reduced -4.2k -4,210
67 NATIXIS 0.00% of their portfolio PARIS, I0 10,12510.1k $963.1k $963.1k 0.00% New
68 Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio OAKLAND, CA 9,9429.9k $945.7k $945.7k 0.01% Reduced -277 -277
69 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 9,6539.7k $918.2k $918.2k 0.00% Added +3.5k +3,500
70 Supplemental Annuity Collective Trust of NJ 0.22% of their portfolio TRENTON, NJ 9,0009.0k $856.1k $856.1k 0.22% Unchanged
71 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio JUPITER, FL 8,5518.6k $813.4k $813.4k 0.00% Reduced -18.2k -18,214
72 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 8,5178.5k $810.1k $810.1k 0.00% Added +39 +39
73 Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio HONG KONG, K3 8,4658.5k $805.2k $805.2k 0.02% New
74 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 8,2688.3k $786.5k $786.5k 0.00% Added +536 +536
75 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,2688.3k $786.5k $786.5k 0.00% Reduced -6.8k -6,829
76 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 8,0858.1k $769.0k $769.0k 0.02% Added +6.0k +6,022
77 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 8,0178.0k $951.7k $951.7k 0.00% Reduced -25.8k -25,778
78 DARK FOREST CAPITAL MANAGEMENT LP 0.03% of their portfolio NEW YORK, NY 8,0008.0k $761.0k $761.0k 0.03% Reduced -20 -20
79 QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio BERWYN, PA 7,9648.0k $757.5k $757.5k 0.01% Reduced -1.5k -1,487
80 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 7,9608.0k $757.2k $757.2k 0.00% Added +15 +15
81 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 7,9217.9k $753.4k $753.4k 0.00% Added +2.5k +2,466
82 USS Investment Management Ltd 0.00% of their portfolio London, X0 7,7687.8k $739.6k $739.6k 0.00% Added +354 +354
83 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 7,4617.5k $709.7k $709.7k 0.00% Added +2.6k +2,556
84 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 7,2437.2k $689.0k $689.0k 0.00% Reduced -1.3k -1,269
85 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 6,9667.0k $662.6k $662.6k 0.00% Reduced -837 -837
86 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 6,9406.9k $660.1k $660.1k 0.00% New
87 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 6,3966.4k $608.4k $608.4k 0.00% Added +209 +209
88 Arbiter Partners Capital Management LLC 0.29% of their portfolio NEW YORK, NY 5,6295.6k $535.4k $535.4k 0.29% Unchanged
89 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,6145.6k $534.0k $534.0k 0.00% New
90 Huber Capital Management LLC 0.08% of their portfolio EL SEGUNDO, CA 5,5605.6k $528.9k $528.9k 0.08% Unchanged
91 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 5,3445.3k $508.3k $508.3k 0.00% Unchanged
92 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 5,2115.2k $495.7k $495.7k 0.03% New
93 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,9585.0k $471.6k $471.6k 0.00% Reduced -7.7k -7,725
94 Edgestream Partners, L.P. 0.01% of their portfolio Princeton, NJ 4,9034.9k $466.4k $466.4k 0.01% New
95 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 4,8984.9k $465.9k $465.9k 0.00% New
96 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 4,8164.8k $458.1k $458.1k 0.00% New
97 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,5714.6k $434.8k $434.8k 0.00% Reduced -5.6k -5,575
98 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 4,2004.2k $399.5k $399.5k 0.00% Reduced -79 -79
99 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 4,1954.2k $399.0k $399.0k 0.00% Added +10 +10
100 Successful Portfolios LLC 0.23% of their portfolio CLEARWATER, FL 4,1004.1k $443.8k $443.8k 0.23% New