Coronation Fund Managers 13F: Exits Lennar (LEN) Stake
Key Points
- The stock recently traded at $84.58, about equal to its closing price on the filing date, but down 36.8% from its 52-week high of $133.76.
- Analysts maintain a cautious outlook on Lennar, with a consensus recommendation of 'underperform' and a mean price target of $77.73.
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On October 27, 2026, Coronation Fund Managers sold 19,327 shares of Lennar Corporation (LEN), reducing its stake to zero. This move was disclosed in a filing with the SEC.
LEN
Lennar Corporation
Where Lennar Fits in Coronation Fund Managers' Portfolio
Coronation Fund Managers held a total reported value of about $1.75 billion in its 13F filing. The sale of Lennar represented a complete exit from this position, which was ranked 49th among the fund's holdings.
Other Institutional Activity in Lennar
Abc Arbitrage also sold out of its position in Lennar, reducing its shares to zero after a decrease of 58,098 shares. Meanwhile, Greenhaven Associates increased its stake by 1,738,824 shares, bringing its total to 13,055,103 shares valued at approximately $1.07 billion. Berkshire Hathaway has also been actively buying, holding over 13 million shares.
Lennar Corporation Stock Down 0.4%
Lennar shares recently traded at $84.58, which is about equal to the closing price on October 27, 2026. The stock is currently below its 200-day moving average but above its 52-week low of $71.78. It is also down 36.8% from its 52-week high of $133.76, indicating a significant decline in value over the past year.
Recent Earnings
Lennar reported trailing twelve-month revenue of approximately $31.97 billion, with a net margin of 4.1%. The company is expected to announce its next earnings report on December 15, 2026.
Insider Buying and Selling at Lennar Corporation
Berkshire Hathaway has been active in buying shares of Lennar. On September 21, 2026, it acquired 2,668,508 shares valued at about $206.7 million. This was followed by additional purchases on September 30 and October 2, totaling over 4 million shares in the last month.
Analysts Set New Price Targets
On September 21, 2026, Citigroup maintained a 'Neutral' rating on Lennar with a price target of $85.00. Keefe, Bruyette & Woods also maintained an 'Underperform' rating, lowering its target to $75.00 on September 22. The consensus rating is 'underperform' with a mean price target of $77.73 from 15 analysts.
About Lennar Corporation
Lennar Corporation is a major homebuilder in the U.S., operating under various segments including homebuilding and financial services. The company builds homes primarily in the residential construction sector, making it a key player in the housing market.
Bottom Line
Looking ahead, investors will be watching Lennar's upcoming earnings report on December 15, 2026, and how the stock performs amid ongoing market conditions. With Coronation Fund Managers exiting its position, the focus will also be on other institutional movements and analyst ratings.
Related Filing Alerts
Source: Coronation Fund Managers's 13F filing on $LEN (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts