Berkshire Hathaway Increases Stake in Lennar Corporation
In Q2 of 2026, Berkshire Hathaway significantly increased its holdings in Lennar (LEN), a leading homebuilder. The company raised its stake by nearly 30% in Class A shares and over 25% in Class B shares, indicating confidence in the housing sector amid ongoing economic challenges such as high mortgage rates and inflation. Lennar has been undergoing significant operational changes since 2018, including a shift to controlling home sites through third-party agreements rather than direct ownership. This strategy helped reduce owned inventory while increasing deliveries by about 80%. The company also highlighted its relatively low valuation compared to peers in recent investor presentations. In Q2 of 2026, Lennar reported strong performance metrics including a gross margin improvement and reduced sales incentives for delivered homes. CEO Stuart Miller noted these as signs of sustainable progress despite the challenging economic environment.
Tickers: $LEN
Topics: 13F Filing Berkshire Hathaway Homebuilding Sector Lennar Corporation