Lennar Class B
LEN.B
244 hedge funds and large institutions have $592M invested in Lennar Class B in 2018 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 78 increasing their positions, 54 reducing their positions, and 56 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
44% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 54
4% more capital invested
Capital invested by funds: $568M → $592M (+$24.1M)
0% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 56
0% less funds holding
Funds holding: 245 → 244 (-1)
2.22% less ownership
Funds ownership: 36.88% → 34.66% (-2.2%)
80% less call options, than puts
Call options by funds: $60K | Put options by funds: $303K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
+$15M |
| 2 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
+$11.8M |
| 3 |
MCM
Maltese Capital Management
New York
|
+$10.5M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$8.11M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$7.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APCM
Arbiter Partners Capital Management
New York
|
-$8.89M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$6.2M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$5.71M |
| 4 |
CI
Cowen Inc
New York
|
-$4.57M |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$3.19M |
LEN.B Hedge Fund Activity: Q1 2018 in Review
244 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q1 2018, worth a combined $592M — up 4.3% from $568M a quarter earlier.
Fund positioning in LEN.B was balanced in Q1 2018: 56 funds opened new positions, 56 closed out, 78 added to existing stakes and 54 trimmed.
The largest buyer was Third Avenue Management, adding an estimated $15M. The largest seller was Arbiter Partners Capital Management, cutting an estimated $8.89M.
- 244 institutional investors held Lennar Class B (LEN.B) as of Q1 2018, down from 245 in Q4 2017.
- Funds reported $592M of Lennar Class B stock for Q1 2018, up 4.3% quarter-over-quarter.
- 56 funds opened new Lennar Class B positions in Q1 2018 and 56 closed out, a net change of 0 holders.
- The largest Lennar Class B buyer in Q1 2018 was Third Avenue Management, an estimated $15M added.
- The largest Lennar Class B seller in Q1 2018 was Arbiter Partners Capital Management, an estimated $8.89M sold.
Based on aggregated 13F filings for Q1 2018.