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 58 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
1% more capital invested
Capital invested by funds: $585M → $592M (+$7.78M)
3% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 58
1% less funds holding
Funds holding: 247 → 244 (-3)
3.3% less ownership
Funds ownership: 37.96% → 34.66% (-3.3%)
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 |
SC
Sculptor Capital
New York
|
-$16.6M |
| 2 |
APCM
Arbiter Partners Capital Management
New York
|
-$8.89M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$6.2M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$5.71M |
| 5 |
CI
Cowen Inc
New York
|
-$4.57M |
LEN.B Hedge Fund Activity: Q1 2018 in Review
244 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q1 2018, worth a combined $592M — up 1.3% from $585M a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of LEN.B and 56 opened new positions — a net loss of 2 holders — while 54 trimmed existing stakes and 78 added.
The largest buyer was Third Avenue Management, adding an estimated $15M. The largest seller was Sculptor Capital, exiting entirely with an estimated $16.6M sold.
- 244 institutional investors held Lennar Class B (LEN.B) as of Q1 2018, down from 247 in Q4 2017.
- Funds reported $592M of Lennar Class B stock for Q1 2018, up 1.3% quarter-over-quarter.
- 56 funds opened new Lennar Class B positions in Q1 2018 and 58 closed out, a net change of -2 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 Sculptor Capital, an estimated $16.6M sold.
Based on aggregated 13F filings for Q1 2018.