Lennar Class B
LEN.B
82 hedge funds and large institutions have $306M invested in Lennar Class B in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 20 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
60% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 20
11% more funds holding
Funds holding: 74 → 82 (+8)
8% more call options, than puts
Call options by funds: $43K | Put options by funds: $40K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.04% less ownership
Funds ownership: 26.51% → 26.47% (-0.04%)
8% less capital invested
Capital invested by funds: $333M → $306M (-$27.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$15.6M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.93M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$940K |
| 4 |
JG
Jefferies Group
New York
|
+$868K |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$831K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
-$8.89M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$7.72M |
| 3 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
-$4.98M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.49M |
| 5 |
NJBEST
New Jersey Better Educational Savings Trust
Trenton,
New Jersey
|
-$1.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citigroup
New York
| $7K | +$5.82K | +145 | +363% |
|
77
Barclays
London,
United Kingdom
| $6K | +$40 | +1 | +0.6% |
|
78
BNP Paribas Financial Markets
Paris,
France
| $2.77K | -$5.89K | -147 | -66% |
|
79
First Manhattan
New York
| $2K | – | – | – |
|
80
Fifth Third Bancorp
Cincinnati,
Ohio
| $1K | – | – | – |
|
|
GC
81
Guggenheim Capital
Chicago,
Illinois
| $1K | +$1.52K | +38 | New |
|
|
SIM
82
Sprucegrove Investment Management
Toronto,
Ontario, Canada
| – | -$4.98M | -123,837 | Closed |
|
|
NJBEST
83
New Jersey Better Educational Savings Trust
Trenton,
New Jersey
| – | -$1.47M | -36,483 | Closed |
|
84
Nomura Holdings
Tokyo,
Japan
| – | -$497K | -12,378 | Closed |
|
85
Verition Fund Management
Greenwich,
Connecticut
| – | -$378K | -9,401 | Closed |
|
|
TRCT
86
Tower Research Capital (TRC)
New York
| – | -$4.29K | -107 | Closed |
|
LEN.B Hedge Fund Activity: Q3 2015 in Review
82 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q3 2015, worth a combined $306M — down 8.3% from $333M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new LEN.B positions and 6 closed out — a net gain of 8 holders — while 32 added to existing stakes and 20 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $15.6M. The largest seller was Huber Capital Management, cutting an estimated $8.89M.
- 82 institutional investors held Lennar Class B (LEN.B) as of Q3 2015, up from 74 in Q2 2015.
- Funds reported $306M of Lennar Class B stock for Q3 2015, down 8.3% quarter-over-quarter.
- 14 funds opened new Lennar Class B positions in Q3 2015 and 6 closed out, a net change of +8 holders.
- The largest Lennar Class B buyer in Q3 2015 was BlackRock Fund Advisors, an estimated $15.6M added.
- The largest Lennar Class B seller in Q3 2015 was Huber Capital Management, an estimated $8.89M sold.
Based on aggregated 13F filings for Q3 2015.