Lennar Class B
LEN.B
198 hedge funds and large institutions have $843M invested in Lennar Class B in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 50 increasing their positions, 73 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
4% more funds holding
Funds holding: 191 → 198 (+7)
0.14% more ownership
Funds ownership: 38.41% → 38.55% (+0.14%)
6% less call options, than puts
Call options by funds: $12M | Put options by funds: $12.9M
6% less capital invested
Capital invested by funds: $901M → $843M (-$57.9M)
32% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 73
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$44.1M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$16.8M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
+$6.46M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.97M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$4.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VI
Vestcor Inc
Fredericton,
New Brunswick, Canada
|
-$18.5M |
| 2 |
TAM
Third Avenue Management
New York
|
-$13.5M |
| 3 |
CU
CQS (US)
New York
|
-$8.24M |
| 4 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$7.68M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$6.71M |
LEN.B Hedge Fund Activity: Q4 2020 in Review
198 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Lennar Class B (LEN.B) for Q4 2020, worth a combined $843M — down 6.4% from $901M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new LEN.B positions and 11 closed out — a net gain of 8 holders — while 50 added to existing stakes and 73 trimmed.
The largest buyer was UBS Group, adding an estimated $44.1M. The largest seller was Vestcor Inc, cutting an estimated $18.5M.
- 198 institutional investors held Lennar Class B (LEN.B) as of Q4 2020, up from 191 in Q3 2020.
- Funds reported $843M of Lennar Class B stock for Q4 2020, down 6.4% quarter-over-quarter.
- 19 funds opened new Lennar Class B positions in Q4 2020 and 11 closed out, a net change of +8 holders.
- The largest Lennar Class B buyer in Q4 2020 was UBS Group, an estimated $44.1M added.
- The largest Lennar Class B seller in Q4 2020 was Vestcor Inc, an estimated $18.5M sold.
Based on aggregated 13F filings for Q4 2020.