Abc Arbitrage 13F: Exits Lennar (LEN) Stake

Abc Arbitrage completely exited its investment in Lennar Corporation LEN, according to a Form 13F filed with the SEC on October 23, 2026. The firm parted ways with all 58,098 shares it held previously, bringing its share count down to zero.

LEN Lennar Corporation

$84.92 ▼ -16.70% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Abc Arbitrage's Lennar Corporation Position

Abc Arbitrage sold out of its entire stake in the residential homebuilder. Before this filing, the firm held 58,098 shares. The 100% reduction closed out the position entirely.

Other Institutional Activity in Lennar Corporation

Other large funds made major adjustments to their Lennar holdings around the middle of the year. Berkshire Hathaway, Inc grew its holdings by 3,011,802 shares, ending with 13,111,741 shares worth about $1.11 billion. Greenhaven Associates, Inc. grew its holdings by 683,676 shares, ending with 11,316,279 shares worth about $960.98 million. Eagle Capital Management LLC reduced its holdings by 193,676 shares, ending with 10,686,983 shares worth about $907.54 million. Aristotle Capital Management, LLC reduced its holdings by 509,958 shares, ending with 7,836,325 shares worth about $665.46 million. Manufacturers Life Insurance Co. grew its holdings by 706,437 shares, ending with 6,683,066 shares worth about $567.53 million.

Lennar Corporation Stock Up 9.3%

Lennar Corporation recently traded around $84.92 as of October 24, 2026, right around its event close of $84.92 on October 23, 2026. The stock sits above its 50-day moving average and below its 200-day moving average, with shares moving between a 52-week low of $71.78 and a 52-week high of $133.76.

Recent Earnings

Lennar Corporation reported trailing twelve-month revenue of $31.97 billion and an EPS of $5.74. The homebuilder posted a net profit margin of 4.1% and a return on equity of 6.0%. The company's next earnings report is scheduled for December 15, 2026.

Dividend

Lennar Corporation rewards shareholders with an annual dividend rate of $2.00 per share, offering a dividend yield of 2.37%. The payout ratio sits at 37.9%, showing how much of its earnings the company returns to investors through dividends.

Insider Buying and Selling at Lennar Corporation

Insiders remained active in the stock, led by Berkshire Hathaway Inc, which bought 2,668,08 shares on September 21, 2026, worth about $206.70 million. The same insider later bought 656,302 shares on September 30, 2026, valued at approximately $53.55 million, followed by another purchase of 2,403,609 shares on October 2, 2026, worth roughly $191.46 million.

Analysts Set New Price Targets

Wall Street analysts maintain varied views on the homebuilder. Citigroup maintained a neutral rating on the stock with an $85.00 price target on September 21, 2026. Keefe, Bruyette & Woods maintained an underperform rating on the stock with a $75.00 price target on September 22, 2026. Morgan Stanley initiated coverage with an underweight rating and a $65.00 price target on October 1, 2026. Melius Research initiated a sell rating with a $72.00 price target on October 6, 2026. Wells Fargo maintained an equal-weight rating, lowering its target to $75.00 on October 7, 2026. Across the broader analyst community, the stock carries an underperform recommendation key with a mean price target of $77.73 from 15 analysts.

About Lennar Corporation

Headquartered in Miami, Florida, Lennar Corporation operates as a major homebuilder in the United States. The company builds homes across multiple geographic regions and offers related financial services, multifamily construction, and other real estate operations. Institutional adjustments like Abc Arbitrage's exit arrive as the housing market navigates shifting interest rates and affordability trends.

Bottom Line

Abc Arbitrage no longer holds a position in Lennar Corporation following its latest SEC filing. Investors will look toward the company's upcoming earnings report on December 15, 2026, for fresh details on financial performance and homebuilding demand.