Berkshire Hathaway buys 2.4 million more Lennar shares for about $191 million

Berkshire Hathaway stepped up its buying of Lennar stock to start October, picking up about 2.4 million Class A shares for roughly $191.5 million over two days, according to a Form 4 filed late Monday.

The homebuilder's 10% owner bought 705,690 Class A shares on Oct. 1 and another 1,697,919 on Oct. 2, at weighted-average prices ranging from $78.37 to $81.90 a share. Individual trades ran from $77.70 to $82.00, the filing's footnotes show. The dollar total and the roughly $79.65 overall average are IDD calculations based on the reported prices.

That is a much bigger haul than Berkshire's previous filing. A Form 4 filed Sept. 30 reported about 656,000 Class A shares bought over Sept. 28–30, leaving Berkshire's subsidiaries with 26,034,436 shares. Monday's filing lifts the Class A stake to 28,438,045 shares, an increase of about 9%.

Berkshire also added 15,028 Lennar Class B shares, worth about $1.2 million at reported prices between roughly $76.54 and $80.00, bringing that holding to 568,028 shares.

All of the shares are held indirectly through Berkshire insurance subsidiaries. National Indemnity Company is the largest Class A holder with 12,366,349 shares, followed by Medical Protective Company with 6,295,000 and BHG Life Insurance Company with 3,625,000. Warren Buffett is also listed as a reporting person as Berkshire's controlling stockholder and disclaims beneficial ownership except to the extent of his pecuniary interest.

Lennar's stock has since moved below Berkshire's purchase prices. Class A shares closed Monday at $74.44, down about 6.7% on the day and roughly 28% lower so far this year. Class B shares closed at $73.36, also down about 6.8% on the day.

By the numbers

• Class A shares bought Oct. 1–2: 2,403,609 (about $191.5 million)
• Class A stake after purchases: 28,438,045 shares, up about 9%
• Class B shares bought: 15,028 (about $1.2 million)
• Class B stake after purchases: 568,028 shares
• Weighted-average Class A prices reported: $78.37 to $81.90

Sources

1. Lennar Corporation Form 4 (Berkshire Hathaway Inc. and Warren E. Buffett), accepted Oct. 5, 2026, 9:02 p.m. ET, accession 0001193125-26-414744
2. Lennar Corporation Form 4 (Berkshire Hathaway Inc.), accepted Sept. 30, 2026, 7:52 p.m. ET, accession 0001193125-26-409451

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.