Lennar Class A
392 hedge funds and large institutions have $6.85B invested in Lennar Class A in 2014 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 133 increasing their positions, 150 reducing their positions, and 37 closing their positions.
158% more call options, than puts
Call options by funds: $515M | Put options by funds: $199M
22% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 37
1.59% more ownership
Funds ownership: 109.98% → 111.57% (+1.6%)
2% more funds holding
Funds holding: 386 → 392 (+6)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
11% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 150
11% less capital invested
Capital invested by funds: $7.74B → $6.85B (-$888M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MDSL
M.D. Sass LLC
New York
|
+$53.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$48.8M |
| 3 |
EC
Eminence Capital
New York
|
+$39M |
| 4 |
SIM
Stelliam Investment Management
New York
|
+$39M |
| 5 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$36.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$205M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$48.7M |
| 3 |
GA
GRS Advisors
Chicago,
Illinois
|
-$48.1M |
| 4 |
MAM
Marketfield Asset Management
New York
|
-$46.5M |
| 5 |
JP Morgan Chase
New York
|
-$39.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
426
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$45K | -1,135 | Closed |
|
|
TAM
427
Tocqueville Asset Management
New York
| – | -$42K | -1,052 | Closed |
|
|
JIM
428
Jupiter Investment Management
London,
United Kingdom
| – | -$12K | -315 | Closed |
|
|
BRWA
429
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$8.62K | -215 | Closed |
|
LEN Hedge Fund Activity: Q3 2014 in Review
392 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Lennar Class A (LEN) for Q3 2014, worth a combined $6.85B — down 11% from $7.74B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new LEN positions and 37 closed out — a net gain of 8 holders — while 133 added to existing stakes and 150 trimmed.
The largest buyer was M.D. Sass LLC, opening a new position worth an estimated $53.9M. The largest seller was T. Rowe Price Associates, cutting an estimated $205M.
- 392 institutional investors held Lennar Class A (LEN) as of Q3 2014, up from 386 in Q2 2014.
- Funds reported $6.85B of Lennar Class A stock for Q3 2014, down 11% quarter-over-quarter.
- 45 funds opened new Lennar Class A positions in Q3 2014 and 37 closed out, a net change of +8 holders.
- The largest Lennar Class A buyer in Q3 2014 was M.D. Sass LLC, an estimated $53.9M added.
- The largest Lennar Class A seller in Q3 2014 was T. Rowe Price Associates, an estimated $205M sold.
Based on aggregated 13F filings for Q3 2014.