Berkshire Hathaway adds roughly 2.4 million Lennar shares, raising its stake above 11 percent
Berkshire Hathaway bought about 2.4 million additional Lennar Class A shares on Oct. 1‑2, 2026, paying between $78.37 and $81.90 per share for a purchase worth roughly $193 million. The new purchases increased Berkshire’s total holding to more than 28.4 million Class A shares and about 568,000 Class B shares, giving it an ownership level of just over 11 percent of the homebuilder. The buying was disclosed in a Form 4 filing, and the transaction occurred as Lennar faces a weak housing market and a short‑seller report alleging questionable sales to its Millrose spinoff.
Why it matters
The increase in Berkshire’s stake signals long‑term confidence from a permanent‑capital investor, which may support Lennar’s share price despite current weakness. Analysts note that the stake makes Berkshire an insider, requiring timely disclosure of future trades, which could affect market perception.
Key facts
- 1Berkshire purchased about 2.4 million Class A shares of Lennar over two days, paying between $78.37 and $81.90 per share. 247wallst.com
- 2The purchase value was roughly $193 million. 247wallst.com
- 3After the trade Berkshire held 28,438,045 Class A shares and 568,028 Class B shares. 247wallst.com
- 4Berkshire’s ownership of Lennar now exceeds 11 percent of the company’s outstanding shares. 247wallst.com
- 5Lennar’s shares fell 6.73 percent to $74.44 after the news. 247wallst.com
- 6Analysts maintain a consensus price target of $79 for Lennar. 247wallst.com
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.