Lennar Class A
588 hedge funds and large institutions have $13.2B invested in Lennar Class A in 2018 Q3 according to their latest regulatory filings, with 81 funds opening new positions, 217 increasing their positions, 184 reducing their positions, and 70 closing their positions.
60% more call options, than puts
Call options by funds: $196M | Put options by funds: $123M
18% more repeat investments, than reductions
Existing positions increased: 217 | Existing positions reduced: 184
16% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 70
1% more funds holding
Funds holding: 582 → 588 (+6)
2.21% less ownership
Funds ownership: 102.44% → 100.23% (-2.2%)
12% less capital invested
Capital invested by funds: $15B → $13.2B (-$1.77B)
38% less funds holding in top 10
Funds holding in top 10: 24 → 15 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$221M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$138M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$134M |
| 4 |
BWA
Brave Warrior Advisors
New York
|
+$115M |
| 5 |
JP Morgan Chase
New York
|
+$77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$203M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$121M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$106M |
| 4 |
Millennium Management
New York
|
-$89.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$74.6M |
LEN Hedge Fund Activity: Q3 2018 in Review
588 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Lennar Class A (LEN) for Q3 2018, worth a combined $13.2B — down 12% from $15B a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new LEN positions and 70 closed out — a net gain of 11 holders — while 217 added to existing stakes and 184 trimmed.
The largest buyer was Franklin Resources, opening a new position worth an estimated $221M. The largest seller was Eminence Capital, cutting an estimated $203M.
- 588 institutional investors held Lennar Class A (LEN) as of Q3 2018, up from 582 in Q2 2018.
- Funds reported $13.2B of Lennar Class A stock for Q3 2018, down 12% quarter-over-quarter.
- 81 funds opened new Lennar Class A positions in Q3 2018 and 70 closed out, a net change of +11 holders.
- The largest Lennar Class A buyer in Q3 2018 was Franklin Resources, an estimated $221M added.
- The largest Lennar Class A seller in Q3 2018 was Eminence Capital, an estimated $203M sold.
Based on aggregated 13F filings for Q3 2018.