Value-investing firm Greenhaven Associates increased its significant position in Lennar Corp. by 15.37%, according to a recent SEC filing. The firm added 1.74 million shares, bringing its total holdings to 13.06 million shares valued at approximately $1.07 billion. This transaction raised Greenhaven's portfolio allocation to the homebuilder to 13.38%.
This update reflects a position held as of September 30, 2026, and is not a real-time trade. The activity occurred during a quarter in which Lennar reported a year-over-year decrease in earnings, revenue, and new home orders, citing a challenging environment with rising mortgage rates. Greenhaven is known for its highly concentrated, long-term investment strategy and has previously expressed a strong conviction in the homebuilding sector.