Lennar Class B
LEN.B
54 hedge funds and large institutions have $264M invested in Lennar Class B in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 6 closing their positions.
22% more capital invested
Capital invested by funds: $217M → $264M (+$46.8M)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0.85% more ownership
Funds ownership: 26% → 26.85% (+0.85%)
2% less funds holding
Funds holding: 55 → 54 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$6.85M |
| 2 |
HCM
Huber Capital Management
El Segundo,
California
|
+$6.29M |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
+$5.17M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$1.12M |
| 5 |
APCM
Arbiter Partners Capital Management
New York
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCP
Moab Capital Partners
Southampton,
New York
|
-$4.86M |
| 2 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$4.81M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.22M |
| 4 |
Millennium Management
New York
|
-$1.15M |
| 5 |
Renaissance Technologies
New York
|
-$1.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFA
51
BlackRock Fund Advisors
San Francisco,
California
| $1K | – | – | – |
|
|
PSAMP
52
P. Schoenfeld Asset Management (PSAM)
New York
| – | -$4.81M | -180,271 | Closed |
|
|
53
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1.22M | -45,698 | Closed |
|
|
54
Millennium Management
New York
| – | -$1.15M | -42,922 | Closed |
|
|
OM
55
Ospraie Management
New York
| – | -$516K | -19,315 | Closed |
|
|
BI
56
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$300K | -11,226 | Closed |
|
57
Wells Fargo
San Francisco,
California
| – | -$28 | -1 | Closed |
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| – | +$165 | +6 | New |
|
LEN.B Hedge Fund Activity: Q4 2013 in Review
54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q4 2013, worth a combined $264M — up 22% from $217M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of LEN.B and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 16 added.
The largest buyer was GAMCO Investors, adding an estimated $6.85M. The largest seller was Moab Capital Partners, cutting an estimated $4.86M.
- 54 institutional investors held Lennar Class B (LEN.B) as of Q4 2013, down from 55 in Q3 2013.
- Funds reported $264M of Lennar Class B stock for Q4 2013, up 22% quarter-over-quarter.
- 5 funds opened new Lennar Class B positions in Q4 2013 and 6 closed out, a net change of -1 holder.
- The largest Lennar Class B buyer in Q4 2013 was GAMCO Investors, an estimated $6.85M added.
- The largest Lennar Class B seller in Q4 2013 was Moab Capital Partners, an estimated $4.86M sold.
Based on aggregated 13F filings for Q4 2013.