LENNAR CORP LEN.B
CL B · Common Stock · CUSIP 526057302
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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 217 |
| Q4 2022 | 226 |
| Q1 2023 | 222 |
| Q2 2023 | 225 |
| Q3 2023 | 227 |
| Q4 2023 | 247 |
| Q1 2024 | 256 |
| Q2 2024 | 251 |
| Q3 2024 | 267 |
| Q4 2024 | 267 |
| Q1 2025 | 247 |
| Q2 2025 | 242 |
| Q3 2025 | 257 |
| Q4 2025 | 258 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 81 | 112 |
| Q2 2024 | 82 | 110 |
| Q3 2024 | 94 | 107 |
| Q4 2024 | 99 | 110 |
| Q1 2025 | 100 | 110 |
| Q2 2025 | 112 | 103 |
| Q3 2025 | 113 | 91 |
| Q4 2025 | 99 | 122 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $0 | $0 | — |
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $26.7k | $0 | 0.00 |
Biggest buyers
| MAGNOLIA GROUP, LLC | New | +71.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +37.0k |
| NORTHERN TRUST CORP | Added | +21.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +16.3k |
| Squarepoint Ops LLC | Added | +15.5k |
| JANE STREET GROUP, LLC | Added | +12.6k |
| ABC ARBITRAGE SA | Added | +12.5k |
| GoodHaven Capital Management, LLC | Added | +12.4k |
| GAMCO INVESTORS, INC. ET AL | Added | +12.2k |
| VANGUARD GROUP INC | Added | +10.2k |
Biggest sellers
| Torray Investment Partners LLC | Sold out | -135.4k |
| SEIZERT CAPITAL PARTNERS, LLC | Reduced | -56.5k |
| Bank of New York Mellon Corp | Reduced | -41.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Reduced | -31.5k |
| JPMORGAN CHASE & CO | Reduced | -28.8k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -25.8k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -25.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -18.2k |
| Wealthfront Advisers LLC | Reduced | -16.0k |
| Aristotle Capital Management, LLC | Reduced | -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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 1.6m $147.4m | Added +10.2k |
| GABELLI FUNDS LLC 0.73% of their portfolio | 1.1m $108.5m | Reduced -2.7k |
| GAMCO INVESTORS, INC. ET AL 0.43% of their portfolio | 465.9k $44.3m | Added +12.2k |
| GREENHAVEN ASSOCIATES INC 0.56% of their portfolio | 364.1k $34.6m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 332.9k $31.7m | Reduced -6.0k |
| NORGES BANK 0.00% of their portfolio | 226.7k $21.6m | Not comparable |
| Berkshire Hathaway Inc 0.01% of their portfolio | 181.0k $17.2m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 169.6k $16.1m | Added +629 |
| GoodHaven Capital Management, LLC 4.65% of their portfolio | 151.1k $14.4m | Added +12.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 150.8k $14.3m | Reduced -1.1k |
| THIRD AVENUE MANAGEMENT LLC 2.56% of their portfolio | 148.0k $14.1m | Added +165 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 135.0k $12.8m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 127.0k $12.1m | Reduced -5.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 122.0k $11.6m | Reduced -10.2k |
| 683 Capital Management, LLC 0.91% of their portfolio | 115.0k $10.9m | Unchanged |
| NFC Investments, LLC 3.04% of their portfolio | 113.3k $10.8m | Reduced -639 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 113.0k $10.7m | Added +8.8k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 91.7k $8.7m | Reduced -25.2k |
| Legal & General Group Plc 0.00% of their portfolio | 80.4k $7.7m | Reduced -3.2k |
| FMR LLC 0.00% of their portfolio | 77.4k $7.4m | Reduced -9.2k |
| MAGNOLIA GROUP, LLC 1.11% of their portfolio | 71.0k $6.8m | New |
| Red Door Wealth Management, LLC 0.65% of their portfolio | 65.7k $6.2m | Reduced -5.5k |
| STATE STREET CORP 0.00% of their portfolio | 65.2k $6.2m | Added +510 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 63.7k $6.1m | Reduced -2.9k |
| MONTGOMERY INVESTMENT MANAGEMENT INC 1.94% of their portfolio | 56.7k $5.4m | Reduced -150 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 56.7k $5.4m | Added +21.0k |
| Aristotle Capital Management, LLC 0.01% of their portfolio | 53.5k $5.1m | Reduced -13.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 43.8k $4.2m | Reduced -9.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 43.7k $4.2m | Added +37.0k |
| Carnegie Investment Counsel 0.07% of their portfolio | 42.6k $4.1m | Reduced -3.2k |
| Mraz, Amerine & Associates, Inc. 0.46% of their portfolio | 32.6k $3.1m | Added +1.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 31.4k $3.0m | Added +12.6k |
| ACR Alpine Capital Research, LLC 0.04% of their portfolio | 30.2k $2.9m | Added +1.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 28.9k $2.8m | Reduced -4.4k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 28.0k $2.7m | Unchanged |
| Quantinno Capital Management LP 0.01% of their portfolio | 27.3k $2.6m | Reduced -3.5k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 26.6k $2.6m | Added +3.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 25.4k $2.4m | Added +16.3k |
| Carmel Capital Partners, LLC 0.84% of their portfolio | 25.0k $2.4m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 24.8k $2.4m | Added +465 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 23.4k $2.2m | Reduced -1.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 22.3k $2.1m | Added +6.5k |
| Invesco Ltd. 0.00% of their portfolio | 21.9k $2.1m | Added +4.3k |
| FIRST MANHATTAN CO. LLC. 0.01% of their portfolio | 21.7k $2.1m | Reduced -860 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 21.5k $2.0m | Reduced -28.8k |
| Handelsbanken Fonder AB 0.01% of their portfolio | 21.2k $2.0m | Reduced -10.3k |
| Capital World Investors 0.00% of their portfolio | 21.2k $2.0m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 21.0k $2.0m | Added +2.7k |
| Malaga Cove Capital, LLC 0.69% of their portfolio | 20.8k $2.0m | Reduced -1.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 20.0k $1.9m | Reduced -41.6k |
| Amundi 0.00% of their portfolio | 19.5k $1.9m | Added +10.0k |
| ABC ARBITRAGE SA 0.17% of their portfolio | 19.1k $1.8m | Added +12.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 18.2k $1.7m | Added +15.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 17.4k $1.7m | Added +1.5k |
| Ethic Inc. 0.02% of their portfolio | 16.5k $1.6m | Added +1.1k |
| Nuveen, LLC 0.00% of their portfolio | 15.7k $1.5m | Added +414 |
| Daytona Street Capital LLC 1.11% of their portfolio | 15.6k $1.4m | First filing |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 14.7k $1.4m | Added +998 |
| Byrne Asset Management LLC 0.76% of their portfolio | 14.5k $1.4m | Reduced -148 |
| ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio | 13.8k $1.3m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 12.6k $1.2m | Reduced -155 |
| Patient Capital Management, LLC 0.05% of their portfolio | 12.5k $1.2m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 12.3k $1.2m | Reduced -1.1k |
| Board of the Pension Protection Fund 1.02% of their portfolio | 11.3k $1.1m | Added +3.1k |
| Summit Trail Advisors, LLC 0.02% of their portfolio | 10.5k $995.8k | Added +2.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 10.3k $976.2k | Reduced -4.2k |
| NATIXIS 0.00% of their portfolio | 10.1k $963.1k | New |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 9.9k $945.7k | Reduced -277 |
| BARCLAYS PLC 0.00% of their portfolio | 9.7k $918.2k | Added +3.5k |
| Supplemental Annuity Collective Trust of NJ 0.22% of their portfolio | 9.0k $856.1k | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 8.6k $813.4k | Reduced -18.2k |
| Creative Planning 0.00% of their portfolio | 8.5k $810.1k | Added +39 |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 8.5k $805.2k | New |
| CITIGROUP INC 0.00% of their portfolio | 8.3k $786.5k | Added +536 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 8.3k $786.5k | Reduced -6.8k |
| XTX Topco Ltd 0.02% of their portfolio | 8.1k $769.0k | Added +6.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 8.0k $951.7k | Reduced -25.8k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.03% of their portfolio | 8.0k $761.0k | Reduced -20 |
| QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio | 8.0k $757.5k | Reduced -1.5k |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 8.0k $757.2k | Added +15 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 7.9k $753.4k | Added +2.5k |
| USS Investment Management Ltd 0.00% of their portfolio | 7.8k $739.6k | Added +354 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 7.5k $709.7k | Added +2.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 7.2k $689.0k | Reduced -1.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 7.0k $662.6k | Reduced -837 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 6.9k $660.1k | New |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 6.4k $608.4k | Added +209 |
| Arbiter Partners Capital Management LLC 0.29% of their portfolio | 5.6k $535.4k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 5.6k $534.0k | New |
| Huber Capital Management LLC 0.08% of their portfolio | 5.6k $528.9k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 5.3k $508.3k | Unchanged |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio | 5.2k $495.7k | New |
| UBS Group AG 0.00% of their portfolio | 5.0k $471.6k | Reduced -7.7k |
| Edgestream Partners, L.P. 0.01% of their portfolio | 4.9k $466.4k | New |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 4.9k $465.9k | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 4.8k $458.1k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.6k $434.8k | Reduced -5.6k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 4.2k $399.5k | Reduced -79 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 4.2k $399.0k | Added +10 |
| Successful Portfolios LLC 0.23% of their portfolio | 4.1k $443.8k | New |