LEN Lennar Corporation Class A Common Stock
About Lennar Corporation Class A Common Stock Company overview from Wikipedia
Lennar Corporation (LEN), commonly known as Lennar, is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and offers financial services from Lennar Mortgage, Lennar Title, and Lennar Insurance.
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Lennar Corporation (LEN), commonly known as Lennar, is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and offers financial services from Lennar Mortgage, Lennar Title, and Lennar Insurance.
With a total annual revenue of over $35 billion in 2024, Lennar operates in 30 states and 75 markets nationwide. In 2025, the company was ranked 126th on the Fortune 500. Lennar stock (LEN) was added to the New York Stock Exchange in 1982 and as of 2024 has a market cap of around $47 billion.
The name Lennar is a portmanteau of the first names of two of the company's founders, Leonard M. Miller and Arnold Rosen.
History
20th century
Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard M. Miller, who later became the namesake of the Miller School of Medicine at the University of Miami, a 23-year-old entrepreneur that owned 42 lots in Miami-Dade County, Florida, invested $10,000 and partnered with the company.
In 1969, Lennar reached an equity base of $1 million, and by 1971, Miller and Rosen changed the name to Lennar Corporation. That year the firm became a public company via an initial public offering, raising $8.7 million. It was listed on the New York Stock Exchange in 1972.
In 1973, the company acquired Mastercraft Homes, based in Phoenix, Arizona, for approximately $2 million, as well as the Womack Development Company. Shortly thereafter, the company established operations in the Midwestern United States, purchasing Bert L. Smokler & Company, based in Detroit, Michigan, and Dreyfus Interstate Development Corp., based in Minneapolis–Saint Paul.
Lennar acquired H. Miller & Sons in 1984 for $24 million.
In January 1989, the company acquired Richmond American Homes of Florida for $18 million.
In February 1992, the company acquired Amerifirst's $1 billion real estate portfolio in a joint venture with Morgan Stanley.
In October 1992, following Hurricane Andrew, the company faced several lawsuits from homeowners alleging careless building quality.
In July 1993, the company formed a joint venture with Westinghouse Electric Corporation and Lehman Brothers to acquire a $2 billion face-value loan portfolio from Westinghouse Electric Corporation for $1.1 billion.
In 1995, the company acquired Friendswood Development Company from Exxon, and acquired California company Bramalea.
In 1996, the company acquired Winncrest Homes. The company also acquired 2,200 acres (8.9 km2) acres in and took over management of Coto de Caza, California, a census-designated place and a gated community, from Chevron Corporation.
In 1997, Stuart Miller, the son of co-founder Leonard Miller, became CEO of the company. Leonard Miller died in 2002. Stuart Miller served as Lennar's CEO until 2018 when he pivoted to an executive chairman position. As Lennar CEO, Stuart Miller is credited for navigating the company through the US housing crisis from 2007 to 2010.
In 1997, the company acquired West Venture Homes. In 2002, the company merged with Pacific Greystone, and acquired Theyst Venture Homes, which held 2700 homes in the North Natomas Community and 800 in San Diego. In 1998, the company acquired North American Title Company, Winncrest Homes, Polygon, and ColRich Communities. The company also acquired 3 closely held home construction companies operating in California for $370 million. The following year the company acquired Eagle Home Mortgage and Souththeyst Land Title.
21st century
In 2000, the company acquired U.S. Home Corporation for $476 million in cash and stock, which resulted in the company doubling in size.
In 2001, the company acquired home building operations from Fortress Investment Group.
In 2002, the company acquired Patriot Homes based in Columbia, Maryland, Barry Andrews Homes in Baltimore, Maryland, as well as Don Galloway Homes, The Genesee Company, Cambridge Homes, and Sunstar Communities. It also acquired Concord Homes and Summit Homes, both based in Chicago.
The company then acquired 650 acres (2.6 km2) on Mare Island, in a closed Navy base, for redevelopment.
In 2003, Lennar acquired Coleman Homes.
In 2004, the company acquired Newhall Land and Farming Company for $990 million. The company also acquired the assets of Queens Properties for $33.8 million, in addition to Connel-Barron Homes and Classic American Homes.
In 2005, Lennar acquired Barker Coleman Homes, and the company acquired the 3,718-acre Marine Corps Air Station El Toro for redevelopment.
In 2006, Lennar spun off its commercial servicing division, LNR Property Corporation, which was acquired by Starwood Capital Group in 2012.
In November 2006, Lennar chairman Robert J. Strudler died.
In December 2007, during the subprime mortgage crisis, the company sold an 80% interest in 11,000 properties for 40% of their previously stated book value to Morgan Stanley.
In 2007, Lennar founded Rialto Capital Management, which was originated to acquire distressed real estate and mortgage debt.
In 2008 and 2009, former businessman and convicted felon Barry Minkow engaged in an extortion scheme, spreading false information about the company that resulted in its stock price falling 26% in one day. Minkow was sentenced to 5 years in prison and was ordered to pay $584 million in restitution.
San Diego real estate developer Nicolas Marsch III hired Minkow to back his claims that Lennar cheated Marsch out of millions of dollars on a private golf community. After a trial, a Superior Court judge decided in July 2010 that Marsch actually owed Lennar $17 million for the development. A subsequent civil suit filed by Lennar against Marsch resulted in a $1 billion judgement in December 2013 for Lennar, $802 million in damages and $200 million in punitive damages.
In February 2017, the company acquired WCI Communities, which operated in Florida, for $643 million.
In 2018, Burger King moved into a new headquarters down the street from its old one, and Lennar moved into Burger King's former headquarters in the Waterford District near Miami International Airport.
In February 2018, the company acquired CalAtlantic Homes. The same year, Lennar developed a venture capital arm, Lennar Ventures, dubbed LenX. In 2021, LenX announced strategic partnerships with companies ICON and Veev. With Veev's collapse in 2023, LenX acquired the company.
In November 2024, Lennar acquired Arkansas based builder Rausch Coleman Homes. With this acquisition, Lennar entered the Birmingham, Kansas City, Little Rock, Northwest Arkansas, Tulsa and Tuscaloosa markets. In addition, it expanded its presence in Houston, Huntsville, Northwest Florida, Oklahoma City and San Antonio.
In February 2025, Lennar spun off Millrose Properties, Inc., a "first-of-its-kind" homesite option purchase platform. Millrose became an independent publicly traded company and began trading on the NYSE under the symbol "MRP."
Corporate affairs
Lennar Foundation
Founded in 1989, the Lennar Foundation receives $1,000 per home sold by the company to fund Focused Acts of Caring and various grants, with a focus on supporting at-risk children, medical research, and other philanthropic efforts. The foundation also partners with the Miami Dolphins Challenge Cancer initiative and regularly donates to the Sylvester Comprehensive Cancer Center at the University of Miami.
Facilities
Lennar is headquartered in Miami as part of the Waterford Business District located near the Miami International Airport neighboring other large companies. Lennar is currently the largest company by revenue based in Miami. The company moved into the new 200,000 square feet facility in 2019 as part of a lease and later purchased the property in 2023.
Other corporate office locations include Dallas and Irvine, California in addition to dozens of Lennar Welcome Home Centers across the nation.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
LEN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
LEN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| July 10, 2026 | $0.5000 |
| April 22, 2026 | $0.5000 |
| Feb. 4, 2026 | $0.5000 |
| Oct. 10, 2025 | $0.5000 |
| July 3, 2025 | $0.5000 |
| April 23, 2025 | $0.5000 |
| Jan. 29, 2025 | $0.5000 |
| Oct. 9, 2024 | $0.4840 |
| July 5, 2024 | $0.4840 |
| April 23, 2024 | $0.4840 |
| Jan. 23, 2024 | $0.4840 |
| Oct. 11, 2023 | $0.3630 |
| July 6, 2023 | $0.3630 |
| April 25, 2023 | $0.3630 |
| Jan. 26, 2023 | $0.3630 |
| Oct. 12, 2022 | $0.3630 |
| July 6, 2022 | $0.3630 |
| April 25, 2022 | $0.3630 |
| Jan. 26, 2022 | $0.3630 |
| Oct. 13, 2021 | $0.2420 |
LEN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 7.7%
- Buy 0 0.0%
- Hold 10 38.5%
- Sell 12 46.2%
- Strong Sell 2 7.7%
12-Month Price Target
13 analysts · 2026-08-20Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.24 | $1.25 | -0.01% |
| March 31, 2026 | $0.93 | $0.97 | -0.04% |
| Dec. 31, 2025 | $1.93 | $2.24 | -0.31% |
| Sept. 30, 2025 | $2.29 | $2.12 | 0.17% |
| June 30, 2025 | $1.81 | $1.96 | -0.15% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LEN | — | — | — | — | — | — |
| DHI | $49.90B | 14.6 | -6.9% | 10.5% | 14.5% | — |
| PHM | $22.60B | 10.5 | -3.5% | 12.8% | 17.4% | — |
| NVR | $20.42B | 16.7 | -1.9% | 13.0% | 34.8% | — |
| TOL | $12.79B | 10.0 | 1.1% | 12.3% | 16.9% | — |
| IBP | $7.00B | 26.7 | 1.0% | 8.9% | 38.6% | 34.0% |
| SKY | $3.98B | 19.8 | 7.3% | 7.8% | 13.3% | 26.4% |
| MTH | $4.49B | 10.4 | — | — | 8.7% | — |
| CVCO | $3.61B | 19.4 | 11.4% | 8.5% | 17.4% | 23.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | Q2 2026 |
|---|---|---|
| Revenue | $7.94B | |
| SG&A Expense | $698M | |
| Operating Expenses | $7.54B | |
| Other Non-op | $4M | |
| Pretax Income | $413M | |
| Income Tax | $105M | |
| Net Income | $305M | |
| EPS (Basic) | $1.24 | |
| EPS (Diluted) | $1.24 | |
| Shares (Basic) | 240,776,000 | |
| Shares (Diluted) | 240,776,000 |
Balance Sheet 8
| Metric | Trend | Q2 2026 |
|---|---|---|
| Total Assets | $33.70B | |
| Total Liabilities | $11.94B | |
| Paid-in Capital | $6.02B | |
| Retained Earnings | $22.76B | |
| Treasury Stock | $7.19B | |
| AOCI | $6M | |
| Stockholders' Equity | $21.62B | |
| Liabilities + Equity | $33.70B |
Cash Flow 9
| Metric | Trend | Q2 2026 |
|---|---|---|
| D&A | $35M | |
| Stock-based Comp | $26M | |
| Operating Cash Flow | $-284M | |
| CapEx | $19M | |
| Investing Cash Flow | $-16M | |
| Stock Repurchased | $467M | |
| Dividends Paid | $123M | |
| Financing Cash Flow | $79M | |
| Net Change in Cash | $-221M |
Profitability 4
| Metric | Trend | Q2 2026 |
|---|---|---|
| Net Margin | 3.8% | |
| Pretax Margin | 5.2% | |
| ROA | 0.90% | |
| ROE | 1.4% |
Efficiency 1
| Metric | Trend | Q2 2026 |
|---|---|---|
| Asset Turnover | 0.2 |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 |
|---|---|---|
| Revenue TTM | $31.75B | |
| Net Income TTM | $1.60B | |
| P/E | 14.3 | |
| Earnings Yield | 7.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Latest News Recent headlines mentioning this company
- Warren Buffett and Greg Abel Just Bought 8 Stocks. Here's the Best of the Bunch.
- Lennar vs. NVR: Which Homebuilder Stock Is a Better Buy in 2026?
- Lennar Q2 Earnings Call Highlights
- Toll Brothers upgraded, Lennar downgraded: Wall Street's top analyst calls
- Lennar Appoints Jim Parker As COO And David Grove As EVP, Homebuilding
- Lennar vs. D.R. Horton: Which Consumer Stock Is a Better Buy in 2026?
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Institutional owners (13F) 1,053 filers · $13.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 123 (-14 vs prior Q) | 106 (-12 vs prior Q) | 383 (+27 vs prior Q) | 313 (-20 vs prior Q) | -7.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $1,178,320,331 | 13,021,553 | 8.88% | Shares |
| GREENHAVEN ASSOCIATES INC | $1,024,010,087 | 11,316,279 | 7.72% | Shares |
| EAGLE CAPITAL MANAGEMENT LLC | $967,065,071 | 10,686,983 | 7.29% | Shares |
| STATE STREET CORP | $943,573,254 | 10,427,376 | 7.11% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $863,914,907 | 9,547,076 | 6.51% | Shares |
| Aristotle Capital Management, LLC | $709,114,498 | 7,836,325 | 5.34% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $604,750,621 | 6,683,066 | 4.56% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $462,245,616 | 5,130,480 | 3.48% | Shares |
| ACR Alpine Capital Research, LLC | $378,795,725 | 4,186,051 | 2.85% | Shares |
| Capital World Investors | $298,957,333 | 3,303,761 | 2.25% | Shares |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | $243,623,150 | 2,692,266 | 1.84% | Shares |
| TWO SIGMA INVESTMENTS, LP | $232,651,147 | 2,571,015 | 1.75% | Shares |
| NORGES BANK | $222,585,130 | 2,459,776 | 1.68% | Shares |
| Brave Warrior Advisors, LLC | $214,748,787 | 2,373,177 | 1.62% | Shares |
| Smead Capital Management, Inc. | $182,829,716 | 2,020,441 | 1.38% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $172,335,850 | 1,904,473 | 1.30% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $170,279,738 | 1,881,752 | 1.28% | Shares |
| GOLDMAN SACHS GROUP INC | $142,069,822 | 1,570,006 | 1.07% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $122,954,840 | 1,358,772 | 0.93% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $107,760,107 | 1,190,851 | 0.81% | Shares |
| NEUBERGER BERMAN GROUP LLC | $90,340,498 | 998,348 | 0.68% | Shares |
| Prana Capital Management, LP | $86,445,278 | 955,302 | 0.65% | Shares |
| FMR LLC | $78,385,008 | 866,228 | 0.59% | Shares |
| CITADEL ADVISORS LLC | $74,835,230 | 827,000 | 0.56% | Call option |
| BANK OF AMERICA CORP /DE/ | $69,760,188 | 770,916 | 0.53% | Shares |
| TWO SIGMA ADVISERS, LP | $69,567,330 | 676,725 | 0.52% | Shares |
| OPPENHEIMER ASSET MANAGEMENT INC. | $67,518,842 | 746,147 | 0.51% | Shares |
| Berkshire Hathaway Inc | $67,450,522 | 745,392 | 0.51% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $64,795,274 | 716,049 | 0.49% | Shares |
| HighTower Advisors, LLC | $64,189,253 | 709,352 | 0.48% | Shares |
| CITADEL ADVISORS LLC | $63,623,519 | 703,100 | 0.48% | Put option |
| BARCLAYS PLC | $60,398,454 | 667,460 | 0.46% | Shares |
| Quantinno Capital Management LP | $58,935,099 | 651,288 | 0.44% | Shares |
| D. E. Shaw & Co., Inc. | $56,532,089 | 624,733 | 0.43% | Shares |
| Squarepoint Ops LLC | $53,791,600 | 594,448 | 0.41% | Shares |
| JANE STREET GROUP, LLC | $52,864,258 | 584,200 | 0.40% | Put option |
| Swiss National Bank | $52,191,736 | 576,768 | 0.39% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $49,489,433 | 546,905 | 0.37% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $49,473,688 | 546,731 | 0.37% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $49,240,134 | 544,150 | 0.37% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $48,245,377 | 533,157 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $47,742,524 | 527,600 | 0.36% | Call option |
| CANADA PENSION PLAN INVESTMENT BOARD | $47,618,191 | 526,226 | 0.36% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $47,288,085 | 522,590 | 0.36% | Shares |
| BlackRock, Inc. | $41,979,578 | 463,914 | 0.32% | Shares |
| Vanguard Global Advisers, LLC | $41,958,946 | 463,686 | 0.32% | Shares |
| RHUMBLINE ADVISERS | $41,167,403 | 454,940 | 0.31% | Shares |
| Qube Research & Technologies Ltd | $39,008,610 | 431,082 | 0.29% | Shares |
| Rafferty Asset Management, LLC | $38,420,244 | 424,580 | 0.29% | Shares |
| Legal & General Group Plc | $37,850,609 | 418,285 | 0.29% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $35,463,936 | 391,910 | 0.27% | Shares |
| VANGUARD GROUP INC | $33,902,515 | 329,791 | 0.26% | Shares |
| TUDOR INVESTMENT CORP ET AL | $33,310,998 | 368,118 | 0.25% | Shares |
| WOLVERINE TRADING, LLC | $33,298,944 | 260,800 | 0.25% | Call option |
| MILLENNIUM MANAGEMENT LLC | $32,286,832 | 356,800 | 0.24% | Put option |
| UBS Group AG | $31,738,915 | 350,745 | 0.24% | Call option |
| RAYMOND JAMES FINANCIAL INC | $30,622,741 | 338,410 | 0.23% | Shares |
| Nan Shan Life Insurance Co., Ltd. | $29,680,720 | 328,000 | 0.22% | Shares |
| Prescott General Partners LLC | $29,228,270 | 323,000 | 0.22% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $29,150,358 | 322,139 | 0.22% | Shares |
| BERKSHIRE ASSET MANAGEMENT LLC/PA | $28,728,815 | 317,481 | 0.22% | Shares |
| ASSETMARK, INC | $28,570,263 | 315,728 | 0.22% | Shares |
| ROYAL BANK OF CANADA | $28,504,000 | 315,000 | 0.21% | Put option |
| California Public Employees Retirement System | $28,347,440 | 313,266 | 0.21% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $27,934,865 | 321,682 | 0.21% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $27,901,596 | 308,339 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $27,758,169 | 306,754 | 0.21% | Shares |
| FIRST TRUST ADVISORS LP | $24,937,555 | 275,584 | 0.19% | Shares |
| Pacific Heights Asset Management LLC | $24,884,750 | 275,000 | 0.19% | Shares |
| ALLIANCEBERNSTEIN L.P. | $24,784,136 | 285,400 | 0.19% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $24,367,871 | 269,288 | 0.18% | Shares |
| SALEM INVESTMENT COUNSELORS INC | $23,429,343 | 258,916 | 0.18% | Shares |
| MACKENZIE FINANCIAL CORP | $22,502,963 | 248,679 | 0.17% | Shares |
| UBS Group AG | $21,649,280 | 239,245 | 0.16% | Put option |
| ARMISTICE CAPITAL, LLC | $20,038,468 | 221,444 | 0.15% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $19,653,523 | 217,190 | 0.15% | Shares |
| Cannell & Spears LLC | $18,975,843 | 209,701 | 0.14% | Shares |
| TRUIST FINANCIAL CORP | $18,816,199 | 207,937 | 0.14% | Shares |
| WOLVERINE TRADING, LLC | $18,385,920 | 144,000 | 0.14% | Put option |
| Freestone Grove Partners LP | $17,821,463 | 196,944 | 0.13% | Shares |
| Edgemoor Investment Advisors, Inc. | $17,605,191 | 202,731 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $17,158,985 | 189,623 | 0.13% | Shares |
| TCW GROUP INC | $16,191,918 | 178,936 | 0.12% | Shares |
| DNB Asset Management AS | $15,826,791 | 174,901 | 0.12% | Shares |
| Walleye Trading LLC | $15,808,603 | 174,700 | 0.12% | Call option |
| AVIVA PLC | $15,542,019 | 171,754 | 0.12% | Shares |
| Sophron Capital Management L.P. | $15,395,516 | 170,135 | 0.12% | Shares |
| IEQ CAPITAL, LLC | $15,042,348 | 166,232 | 0.11% | Shares |
| UBS Group AG | $14,866,783 | 164,292 | 0.11% | Shares |
| PNC Financial Services Group, Inc. | $14,166,752 | 156,556 | 0.11% | Shares |
| NATIXIS | $14,113,544 | 155,968 | 0.11% | Shares |
| US BANCORP \DE\ | $13,867,140 | 153,245 | 0.10% | Shares |
| Walleye Trading LLC | $13,790,676 | 152,400 | 0.10% | Put option |
| Atria Investments, Inc | $13,709,626 | 151,504 | 0.10% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $13,679,826 | 151,175 | 0.10% | Shares |
| LPL Financial LLC | $13,331,331 | 147,324 | 0.10% | Shares |
| MILLENNIUM MANAGEMENT LLC | $12,926,949 | 142,855 | 0.10% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $12,826,143 | 141,741 | 0.10% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $12,772,167 | 147,077 | 0.10% | Shares |
| FACTORY MUTUAL INSURANCE CO | $12,555,488 | 138,750 | 0.09% | Shares |
Company insiders 35 insiders · 17 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Stuart A. Miller | Exec. Chairman, CEO, President | May 11, 2026 G | 1,465,966 | 0 | 0 | $0 |
| Jonathan M Jaffe | Co-CEO & President | Feb. 27, 2025 F | 1,138,958 | 0 | 0 | $0 |
| Richard Beckwitt | Co-CEO & Co-President | Feb. 28, 2023 F | 2,092,456 | 0 | 0 | $0 |
| Diane J Bessette | VP & Chief Financial Officer | March 16, 2026 F | 329,308 | 0 | 0 | $0 |
| Bruce E Gross | Vice President/CFO | Jan. 22, 2018 S | 160,000 | 0 | 0 | $0 |
| Martin Katherine Lee | Chief Legal Officer/Secretary | Feb. 14, 2026 F | 55,611 | 0 | 0 | $0 |
| David M Collins | VP & Controller | Feb. 14, 2026 F | 49,619 | 0 | 0 | $0 |
| Mark Sustana | VP/General Counsel/Secretary | Jan. 13, 2025 F | 24,991 | 0 | 0 | $0 |
| Jeffrey Joseph Mccall | Executive Vice President | May 15, 2024 S | 118,629 | 0 | 0 | $0 |
| Marshall H Ames | Vice President | Dec. 27, 2007 S | 138,815 | 0 | 0 | $0 |
| Lawrence C Somma | Treasurer | Feb. 27, 2007 A | 30,000 | 0 | 0 | $0 |
| David B Mccain | Vice President | June 28, 2006 M | 9,019 | 0 | 0 | $0 |
| Robert J Strudler | Chairman of the Board | Jan. 9, 2006 M | 10,400 | 0 | 0 | $0 |
| Craig M Johnson | Vice President | Jan. 5, 2006 A | 10,000 | 0 | 0 | $0 |
| Waynewright E Malcolm | Vice President and Treasurer | June 23, 2005 G | 2,860 | 0 | 0 | $0 |
| Allan J Pekor | Vice President | March 24, 2005 M | 3,111 | 0 | 0 | $0 |
| Benjamin P Butterfield | General Counsel and Secretary | July 22, 2004 M | 0 | 0 | 0 | $0 |
| Dacona Smith | Director | July 10, 2026 A | 6,277 | 0 | 0 | $0 |
| Serena Wolfe | Director | July 10, 2026 A | 6,347 | 0 | 0 | $0 |
| Amy Banse | Director | July 10, 2026 A | 16,962 | 0 | 0 | $0 |
| Theron I Gilliam | Director | July 10, 2026 A | 36,823 | 0 | 0 | $0 |
| Teri P Mcclure | Director | July 10, 2026 A | 31,998 | 0 | 0 | $0 |
| Jeffrey Sonnenfeld | Director | July 10, 2026 A | 27,846 | 0 | 0 | $0 |
| Sherrill W Hudson | Director | July 10, 2026 A | 38,293 | 0 | 0 | $0 |
| Armando J Olivera | Director | July 10, 2026 A | 22,812 | 0 | 0 | $0 |
| Sidney Lapidus | Director | April 10, 2024 A | 122,671 | 0 | 0 | $0 |
| Steven L Gerard | Director | Feb. 28, 2022 A | 45,135 | 0 | 0 | $0 |
| Irving Bolotin | Director | Feb. 26, 2021 A | 34,574 | 0 | 0 | $0 |
| Scott D Stowell | Director | Feb. 26, 2021 A | 23,535 | 0 | 0 | $0 |
| Donna E Shalala | Director | Feb. 28, 2018 A | 7,158 | 0 | 0 | $0 |
| Kirk R Landon | Director | Feb. 17, 2015 M | 22,500 | 0 | 0 | $0 |
| Herve Ripault | Director | March 30, 2006 M | 0 | 0 | 0 | $0 |
| Steven J Saiontz | Director | March 29, 2005 A | 19,260 | 0 | 0 | $0 |
| Lennar Corporation | 10% owner | Nov. 26, 2025 J | 1,794 | 0 | 0 | $0 |
| MP Alpha Holdings LLLP | 10% owner | Jan. 20, 2004 J | 20,683,654 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 20 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| GAMCO INVESTORS, INC. ET AL, GABELLI FUNDS LLC, GAMCO Asset Management Inc., MJG ASSOCIATES, INC., GGCP, INC., Associated Capital Group, Inc., GABELLI MARIO J ×2 filings | Jan. 13, 2026 | 3.60% | Amendment | — | SEC |
| Lennar Corporation ×2 filings | Dec. 1, 2025 | 0.00% | Amendment | — | SEC |
| Gabelli Funds, LLC I.D. No ., GAMCO Asset Management Inc. I.D. No ., Gabelli & Company Investment Advisers, Inc. I.D. No ., MJG Associates, Inc. I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×3 filings | Sept. 13, 2024 | — | Initial filing | — | SEC |
| Lennar Corporation (2), Len X, LLC (2), LENX ST Investor, LLC (2) ×3 filings | April 1, 2024 | — | Initial filing | M&A / sale | SEC |
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. I.D. No., Gabelli & Company Investment Advisers, Inc. I.D. No., MJG Associates, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×15 filings | July 26, 2019 | — | Initial filing | — | SEC |
| MP ALPHA HOLDINGS LLLP, MP ALPHA HOLDINGS LLLP INVESTMENT TRUST, THE MILLER CHARITABLE FUND, LLLP, THE MILLER CHARITABLE FUND, LLLP INVESTMENTS TRUST, LMM FAMILY CORP., MARITAL TRUST I CREATED UNDER LEONARD MILLER AMENDED AND RESTATED REVOCABLE TRUST AGREEMENT DATED JUNE 8, 2001 | Nov. 29, 2017 | — | Initial filing | — | SEC |
| Stuart A. Miller | Nov. 29, 2017 | — | Initial filing | — | SEC |
| CalAtlantic Group, Inc. | Nov. 8, 2017 | — | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Nov. 1, 2012 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 16, 2005 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Dec. 23, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 23, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person | April 28, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 28, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person | April 28, 2003 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 159 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ITB · iShares Trust | 7.78% | 2,059,943 SH | Aug. 20, 2026 | Daily |
| NAIL · Direxion Shares ETF Trust | 5.73% | 357,392 NS | April 30, 2026 | N-PORT |
| ICAP · Series Portfolios Trust | 4.11% | 49,743 NS | May 31, 2026 | N-PORT |
| RSPD · Invesco Exchange-Traded Fund Trust | 1.95% | 71,652 SH | Aug. 20, 2026 | Daily |
| SMRI · EA Series Trust | 1.82% | 108,852 NS | April 30, 2026 | N-PORT |
| FXD · First Trust Exchange-Traded AlphaDE… | 1.43% | 41,932 NS | April 30, 2026 | N-PORT |
| LYLD · Cambria ETF Trust | 1.42% | 945 NS | April 30, 2026 | N-PORT |
| HOMZ · ETF Series Solutions | 1.17% | 4,416 NS | May 31, 2026 | N-PORT |
| SYLD · Cambria ETF Trust | 0.92% | 97,959 NS | April 30, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.91% | 130,342 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.55% | 38,071 NS | May 31, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 0.49% | 97,696 SH | Aug. 20, 2026 | Daily |
| VLUE · iShares Trust | 0.48% | 537,725 SH | Aug. 20, 2026 | Daily |
| AUSF · Global X Funds | 0.47% | 44,622 NS | May 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.47% | 119,488 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.45% | 6,875 NS | April 30, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.43% | 641 NS | April 30, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.43% | 70,734 NS | April 30, 2026 | N-PORT |
| SPXD · DBX ETF Trust | 0.41% | 308 NS | May 31, 2026 | N-PORT |
| RDVI · First Trust Exchange-Traded Fund IV | 0.34% | 116,688 NS | April 30, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 0.33% | 251,608 SH | Aug. 19, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 0.30% | 1,252,489 SH | Aug. 19, 2026 | Daily |
| FDIS · FIDELITY COVINGTON TRUST | 0.30% | 58,690 NS | April 30, 2026 | N-PORT |
| IYC · iShares Trust | 0.29% | 40,771 SH | Aug. 20, 2026 | Daily |
| WANT · Direxion Shares ETF Trust | 0.29% | 660 NS | April 30, 2026 | N-PORT |
| GXPD · Global X Funds | 0.29% | 1,585 NS | May 31, 2026 | N-PORT |
| RXI · iShares Trust | 0.28% | 8,842 SH | Aug. 20, 2026 | Daily |
| UCC · ProShares Trust | 0.28% | 363 NS | May 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.25% | 34,161 SH | Aug. 20, 2026 | Daily |
| DFVE · DoubleLine ETF Trust | 0.21% | 746 NS | June 30, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.20% | 235,000 | Aug. 20, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.20% | 8,940 NS | May 31, 2026 | N-PORT |
| GSEW · Goldman Sachs ETF Trust | 0.20% | 39,046 NS | May 31, 2026 | N-PORT |
| SPHQ · Invesco Exchange-Traded Fund Trust | 0.19% | 437,900 SH | Aug. 20, 2026 | Daily |
| GMOV · GMO ETF Trust | 0.19% | 1,949 NS | May 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.19% | 4,887 NS | April 30, 2026 | N-PORT |
| SIZE · iShares Trust | 0.19% | 9,715 SH | Aug. 20, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.19% | 5,071,000 | Aug. 19, 2026 | Daily |
| EUSA · iShares, Inc. | 0.19% | 41,460 SH | Aug. 20, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 2,074,070 SH | Aug. 20, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.18% | 4,421,125 SH | Aug. 19, 2026 | Daily |
| SFGV · EA Series Trust | 0.17% | 21,293 NS | May 29, 2026 | N-PORT |
| IWS · iShares Trust | 0.17% | 307,441 SH | Aug. 20, 2026 | Daily |
| DIVB · iShares Trust | 0.16% | 36,233 SH | Aug. 20, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.16% | 7,232,000 | Aug. 19, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.16% | 17,418 SH | Aug. 20, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.15% | 177,507 SH | Aug. 20, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 12,437 NS | April 30, 2026 | N-PORT |
| QARP · DBX ETF Trust | 0.14% | 1,171 NS | May 29, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.14% | 4,198 NS | May 29, 2026 | N-PORT |