Lennar Class B
LEN.B
55 hedge funds and large institutions have $217M invested in Lennar Class B in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 18 reducing their positions, and 8 closing their positions.
6% more capital invested
Capital invested by funds: $205M → $217M (+$11.9M)
1.16% more ownership
Funds ownership: 24.84% → 26% (+1.2%)
7% less funds holding
Funds holding: 59 → 55 (-4)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
28% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 18
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
+$22.7M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$13.9M |
| 3 |
APCM
Arbiter Partners Capital Management
New York
|
+$2.32M |
| 4 |
LMGAM
Liberty Mutual Group Asset Management
Boston,
Massachusetts
|
+$1.59M |
| 5 |
Millennium Management
New York
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$7.37M |
| 2 |
MCP
Moab Capital Partners
Southampton,
New York
|
-$6.34M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$3.71M |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$3.39M |
| 5 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
-$2.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
First Manhattan
New York
| $1K | – | – | – |
|
|
52
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
| – | -$3.71M | -140,568 | Closed |
|
|
AAP
53
Ardsley Advisory Partners
Stamford,
Connecticut
| – | -$2.74M | -103,656 | Closed |
|
|
OFG
54
OTA Financial Group
Purchase,
New York
| – | -$2.31M | -87,483 | Closed |
|
|
RFC
55
Russell Frank Company
Seattle,
Washington
| – | -$514K | -19,448 | Closed |
|
56
AQR Capital Management
Greenwich,
Connecticut
| – | -$251K | -9,519 | Closed |
|
57
California Public Employees Retirement System
Sacramento,
California
| – | -$100K | -3,788 | Closed |
|
|
WAM
58
Wolverine Asset Management
Chicago,
Illinois
| – | -$10K | -408 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$10.3K | -404 | -99% |
|
60
Wells Fargo
San Francisco,
California
| – | +$25 | +1 | New |
|
LEN.B Hedge Fund Activity: Q3 2013 in Review
55 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q3 2013, worth a combined $217M — up 5.8% from $205M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of LEN.B and 6 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 13 added.
The largest buyer was Huber Capital Management, adding an estimated $22.7M. The largest seller was Bulldog Investors, cutting an estimated $7.37M.
- 55 institutional investors held Lennar Class B (LEN.B) as of Q3 2013, down from 59 in Q2 2013.
- Funds reported $217M of Lennar Class B stock for Q3 2013, up 5.8% quarter-over-quarter.
- 6 funds opened new Lennar Class B positions in Q3 2013 and 8 closed out, a net change of -2 holders.
- The largest Lennar Class B buyer in Q3 2013 was Huber Capital Management, an estimated $22.7M added.
- The largest Lennar Class B seller in Q3 2013 was Bulldog Investors, an estimated $7.37M sold.
Based on aggregated 13F filings for Q3 2013.