Lennar Class B
LEN.B
80 hedge funds and large institutions have $314M invested in Lennar Class B in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 22 reducing their positions, and 9 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 22
27% more call options, than puts
Call options by funds: $160K | Put options by funds: $126K
21% more capital invested
Capital invested by funds: $259M → $314M (+$54.8M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less ownership
Funds ownership: 25.72% → 25.72% (-0%)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
6% less funds holding
Funds holding: 85 → 80 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$15.5M |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$2.37M |
| 3 |
MCM
Maltese Capital Management
New York
|
+$2.08M |
| 4 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$2.02M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
-$10.2M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$1.78M |
| 3 |
Renaissance Technologies
New York
|
-$1.25M |
| 4 |
NJBEST
New Jersey Better Educational Savings Trust
Trenton,
New Jersey
|
-$1.17M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$562K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
First Manhattan
New York
| $2K | – | – | – |
|
77
Fifth Third Bancorp
Cincinnati,
Ohio
| $1K | – | – | – |
|
|
WA
78
Winfield Associates
Cleveland,
Ohio
| $1K | – | – | – |
|
|
NJBEST
79
New Jersey Better Educational Savings Trust
Trenton,
New Jersey
| – | -$1.17M | -36,483 | Closed |
|
|
QI
80
Quotient Investors
New York
| – | -$542K | -16,847 | Closed |
|
|
DTL
81
Dynamic Technology Lab
Singapore
| – | -$228K | -7,120 | Closed |
|
|
TC
82
TFS Capital
West Chester,
Pennsylvania
| – | -$206K | -6,407 | Closed |
|
83
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$24K | -751 | Closed |
|
|
DVM
84
Dreman Value Management
West Palm Beach,
Florida
| – | -$8K | -252 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | -$6K | -192 | Closed |
|
|
SFS
86
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$1K | -32 | Closed |
|
87
Citigroup
New York
| – | +$143 | +4 | +200% |
|
LEN.B Hedge Fund Activity: Q1 2017 in Review
80 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q1 2017, worth a combined $314M — up 21% from $259M a quarter earlier.
Fund positioning in LEN.B was balanced in Q1 2017: 9 funds opened new positions, 9 closed out, 30 added to existing stakes and 22 trimmed.
The largest buyer was BlackRock, adding an estimated $15.5M. The largest seller was Huber Capital Management, cutting an estimated $10.2M.
- 80 institutional investors held Lennar Class B (LEN.B) as of Q1 2017, down from 85 in Q4 2016.
- Funds reported $314M of Lennar Class B stock for Q1 2017, up 21% quarter-over-quarter.
- 9 funds opened new Lennar Class B positions in Q1 2017 and 9 closed out, a net change of 0 holders.
- The largest Lennar Class B buyer in Q1 2017 was BlackRock, an estimated $15.5M added.
- The largest Lennar Class B seller in Q1 2017 was Huber Capital Management, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2017.