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Lead image from Investing.com's report on Lennar shares falling after the Hunterbrook report
Photo: Investing.com

Lennar Stock Falls 6.7% Despite Berkshire Share Buying

U.S. Securities and Exchange Commission2 min read5 sources

Why did Lennar stock fall 6.7%?

Lennar (LEN) stock fell 6.7% to $74.44 on Monday as a short-seller report weighed on the homebuilder, the day Berkshire Hathaway disclosed buying 2.4 million more shares.

Key numbers

Shares bought, Oct 1-2 (both classes)2,418,637about $193M
Berkshire Class A shares held28.44Mabout 11% stake
Class A price paid$78.37-$81.90per share
Lennar close, Oct 5$74.44-6.7%
Lennar price, Oct 6$77.41+4.0% (per [5])
Homes Millrose bought, per Hunterbrook700+about $200M

What happened

Lennar (LEN) stock fell 6.7% to $74.44 on Monday as a short-seller report weighed on the homebuilder, the day Berkshire Hathaway disclosed buying 2.4 million more shares. Berkshire bought 2,418,637 shares on October 1 and 2 for about $193 million, filings show. That lifts its stake to about 11% of the homebuilder, with 28.4 million Class A shares. The report, from Hunterbrook, a firm betting against Lennar's stock (a short seller), says spinoff Millrose bought over 700 Lennar homes worth about $200 million. Lennar rebounded about 4% on Tuesday to $77.41 (per).

Why it matters

Berkshire Hathaway, now led by Greg Abel, is putting more money into Lennar even though housing is weak and Lennar's shares are down this year. Abel has said he does not see a quick recovery in housing, but calls it a long-term investment. Because Berkshire owns more than 10%, it has to report each purchase within days, so investors can watch its moves closely.

Who this affects

Marketmixed
Low impact
Homebuilder investors see a big backer but weak shares.
Companymixed
Medium impact
Lennar gains a large shareholder but faces short-seller scrutiny.
Competitorsneutral
Low impact
D.R. Horton and PulteGroup rose about 2% Tuesday.
Industrymixed
Low impact
Housing stays under pressure, though Berkshire signals long-term confidence.

Lennar vs D.R. Horton, PulteGroup

LennarLEN$18.4B$77.41+4.0%
D.R. HortonDHI$38.2B$136.75+2.6%
PulteGroupPHM$22.1B$116.10+1.9%

As of 2026-10-06

How we got here

  1. Berkshire buys about 706,000 Lennar Class A shares.

  2. Berkshire buys about 1.7M more; Hunterbrook report lifts concern, Lennar falls 2.9%.

  3. Lennar closes down 6.7% at $74.44; Berkshire files its purchase disclosure after the close.

  4. Lennar rebounds about 4% to $77.41 (per).

What to watch

  • Whether Berkshire's next filings show it buying more Lennar sharesQ4 2026
  • Lennar's response to Hunterbrook's claims about Millrose home purchasesQ4 2026
  • Lennar's next quarterly results after the fiscal third-quarter missQ4 2026

Educational content only. Not investment advice.

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