Lennar (LEN) Berkshire Hathaway (10% Owner) Buys 1.68M Shares

What Happened
Berkshire Hathaway Inc. (reported as a 10% owner) made multiple open‑market purchases of Lennar Corporation (LEN) Class A shares between Sept 23–25, 2026, acquiring a total of 1,679,700 shares for approximately $136.38 million. Individual trades ranged from small lots (1,263 shares) up to larger blocks (532,993 shares); reported per‑lot weighted average prices were roughly in the $79–$82 range. These were purchases (institutional buys), which are typically viewed as a positive signal since the holder added to its stake.

Key Details

• Transaction type: Open‑market purchases (Code: P). Filing date: Sept 25, 2026; transaction dates: Sept 23, 24 and 25, 2026. Filing appears timely.
• Aggregate: 1,679,700 shares purchased for ~$136,382,788 total.
  • Sept 23: 534,256 shares (~$43.62M) — lots at ~$79.99–$81.65 (weighted averages).
  • Sept 24: 653,320 shares (~$52.84M) — lots at ~$79.13–$81.44 (weighted averages).
  • Sept 25: 492,124 shares (~$39.92M) — lots at ~$79.53–$81.60 (weighted averages).
• Shares owned after transaction: Berkshire (through listed subsidiaries) is reported to own at least 25,378,134 Class A shares and 548,892 Class B shares (see footnotes).
• Footnotes: purchases reported as weighted‑average prices with specific price ranges provided in the filing (see F3–F11). Footnote F1/F2 note these shares are held through Berkshire subsidiaries; Warren E. Buffett disclaims direct beneficial ownership except to the extent of any pecuniary interest.
• No indication of option exercises, awards, gifts, or tax withholding in these entries.

Context
This filing reflects institutional open‑market accumulation by a 10% holder (Berkshire and its subsidiaries), not an individual executive trade. Footnotes clarify subsidiary ownership and price ranges; for full per‑lot pricing details the filer offers to provide breakdowns on request. As always, purchases by large institutional holders can be informative to investors, but they do not reveal the holder’s motives or timing strategy.