Lennar Class B
LEN.B
55 hedge funds and large institutions have $249M invested in Lennar Class B in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.53% less ownership
Funds ownership: 27.21% → 26.68% (-0.53%)
7% less funds holding
Funds holding: 59 → 55 (-4)
11% less capital invested
Capital invested by funds: $282M → $249M (-$32.3M)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Gabelli Funds
Rye,
New York
|
+$2.91M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$1.29M |
| 3 |
VAM
Visium Asset Management
New York
|
+$1.23M |
| 4 |
APCM
Arbiter Partners Capital Management
New York
|
+$1.01M |
| 5 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$729K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$7.11M |
| 2 |
HCM
Huber Capital Management
El Segundo,
California
|
-$2.52M |
| 3 |
MCP
Moab Capital Partners
Southampton,
New York
|
-$2.37M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$1.24M |
| 5 |
Neuberger Berman Group
New York
|
-$576K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
First Manhattan
New York
| $1K | – | – | – |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | +$512 | +17 | New |
|
|
53
Franklin Resources
San Mateo,
California
| – | -$7.11M | -214,608 | Closed |
|
|
MCP
54
Moab Capital Partners
Southampton,
New York
| – | -$2.37M | -71,473 | Closed |
|
|
EC
55
EJF Capital
Arlington,
Virginia
| – | -$381K | -11,518 | Closed |
|
56
California State Teachers Retirement System (CalSTRS)
West Sacramento,
California
| – | -$359K | -10,838 | Closed |
|
|
CBT
57
Central Bank & Trust
Lexington,
Kentucky
| – | -$10K | -322 | Closed |
|
58
Citigroup
New York
| – | -$7K | -224 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$3K | -88 | Closed |
|
LEN.B Hedge Fund Activity: Q3 2014 in Review
55 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q3 2014, worth a combined $249M — down 11% from $282M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of LEN.B and 4 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 22 added.
The largest buyer was Gabelli Funds, adding an estimated $2.91M. The largest seller was Franklin Resources, exiting entirely with an estimated $7.11M sold.
- 55 institutional investors held Lennar Class B (LEN.B) as of Q3 2014, down from 59 in Q2 2014.
- Funds reported $249M of Lennar Class B stock for Q3 2014, down 11% quarter-over-quarter.
- 4 funds opened new Lennar Class B positions in Q3 2014 and 8 closed out, a net change of -4 holders.
- The largest Lennar Class B buyer in Q3 2014 was Gabelli Funds, an estimated $2.91M added.
- The largest Lennar Class B seller in Q3 2014 was Franklin Resources, an estimated $7.11M sold.
Based on aggregated 13F filings for Q3 2014.