# Lennar (LEN, LEN.B): value investors who own it | moatshark

6 value investors held Lennar in their Q3 2026 13F, led by Brave Warrior Advisors, Oakcliff Capital, Smead Capital Management, Third Avenue Management…

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Brave Warrior Advisors | 4.7% | $215m | Trimmed -1.5% | 18 |
| Oakcliff Capital | 4.0% | $10.7m | Unchanged | 6 |
| Smead Capital Management | 4.0% | $186m | Added +13% | 41 |
| Third Avenue Management | 2.1% | $13.3m | Added +4.8% | 39 |
| Berkshire Hathaway | 0.4% | $1.2bn | Added +30% | 13 |
| Horizon Kinetics | 0.0% | $483k | Added +7.4% | 30 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 842753 | $67.5m |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 448113 | $35.1m |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 342553 | $27.1m |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 44300 | $3.6m |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 20200 | $1.7m |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 5135 | $404k |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 2452 | $191k |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 2290 | $177k |
| 2026-10-02 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 299 | $24k |
| 2026-10-01 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 425869 | $33.9m |
| 2026-10-01 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 186991 | $15.2m |
| 2026-10-01 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 92830 | $7.5m |
| 2026-10-01 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 3802 | $298k |
| 2026-10-01 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 950 | $76k |
| 2026-10-01 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 100 | $8k |
| 2026-09-30 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 638813 | $52.1m |
| 2026-09-30 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 4008 | $321k |
| 2026-09-29 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 12289 | $1.0m |
| 2026-09-29 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 100 | $8k |
| 2026-09-28 | BERKSHIRE HATHAWAY INC | 10% owner | Bought | 5200 | $426k |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Smead Value Fund | Smead Capital Management | 3.9% | $151m | 2026-05-29 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/len). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.