Lennar Corporation
MX ˙ BMV ˙ US5260571048
SecurityMX:LEN / Lennar Corporation
InstitutionSmead Capital Management, Inc.
Latest Disclosed Ownership1,586,225 shares
Latest Disclosed Value $ 137,747,792
Smead Capital Management, Inc. reports 12.95% decrease in ownership of LEN / Lennar Corporation

On May 14, 2026 - Smead Capital Management, Inc. filed a 13F-HR form disclosing ownership of 1,586,225 shares of Lennar Corporation (MX:LEN) valued at $137,747,792 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 1,822,291 shares of Lennar Corporation. This represents a change in shares of -12.95% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F LENNAR CL A 526057104 1,586,225 -236,066 -12.95 137,748 -26.47 2.9964
2026-02-09 2025-12-31 13F LENNAR CL A 526057104 1,822,291 -126,558 -6.49 187,332 -23.74 3.8873
2025-11-10 2025-09-30 13F LENNAR CL A 526057104 1,948,849 -149,057 -7.11 245,633 5.85 4.7452
2025-08-14 2025-06-30 13F LENNAR CL A 526057104 2,097,906 -279,577 -11.76 232,049 -14.97 4.6459
2025-05-14 2025-03-31 13F LENNAR CL A 526057104 2,377,483 -226,072 -8.68 272,887 -23.14 4.6780
2025-02-12 2024-12-31 13F LENNAR CL A 526057104 2,603,555 -63,350 -2.38 355,047 -28.99 5.5044
2024-11-07 2024-09-30 13F LENNAR CL A 526057104 2,666,905 89,896 3.49 499,991 29.46 7.1326
2024-08-09 2024-06-30 13F LENNAR CL A 526057104 2,577,009 135,126 5.53 386,216 -8.03 6.0296
2024-07-16 2024-03-31 13F/A-1 LENNAR CL A 526057104 2,441,883 -269,937 -9.95 419,955 3.91 6.5519
2024-05-10 2024-03-31 13F LENNAR CL A 526057104 2,441,883 -269,937 419,955 6.5519
2024-01-31 2023-12-31 13F LENNAR CL A 526057104 2,711,820 -200,077 -6.87 404,170 23.67 7.2375
2023-11-13 2023-09-30 13F LENNAR CL A 526057104 2,911,897 -100,630 -3.34 326,802 -13.43 6.6685
2023-08-11 2023-06-30 13F LENNAR CL A 526057104 3,012,527 -44,857 -1.47 377,500 17.47 7.4953
2023-05-12 2023-03-31 13F LENNAR CL A 526057104 3,057,384 94,694 3.20 321,362 19.86 6.4042
2023-02-10 2022-12-31 13F LENNAR CL A 526057104 2,962,690 415,350 16.31 268,123 41.19 5.7352
2022-11-10 2022-09-30 13F LENNAR CL A 526057104 2,547,340 40,247 1.61 189,904 7.34 4.9376
2022-08-12 2022-06-30 13F LENNAR CL A 526057104 2,507,093 167,559 7.16 176,926 -6.83 4.5245
2022-05-13 2022-03-31 13F LENNAR CL A 526057104 2,339,534 361,333 18.27 189,900 -17.36 4.4027
2022-02-14 2021-12-31 13F LENNAR CL A 526057104 1,978,201 309,083 18.52 229,788 46.96 5.9751
2021-11-12 2021-09-30 13F LENNAR CL A 526057104 1,669,118 28,872 1.76 156,363 -4.05 5.3500
2021-07-30 2021-06-30 13F LENNAR CL A 526057104 1,640,246 202,219 14.06 162,958 11.94 5.7057
2021-05-04 2021-03-31 13F LENNAR CL A 526057104 1,438,027 130,371 9.97 145,571 46.03 6.4069
2021-02-03 2020-12-31 13F LENNAR CL A 526057104 1,307,656 -54,207 -3.98 99,683 -10.39 5.7632
2020-11-04 2020-09-30 13F LENNAR CL A 526057104 1,361,863 -117,352 -7.93 111,237 22.04 7.0471
2020-08-10 2020-06-30 13F LENNAR CL A 526057104 1,479,215 -117,705 -7.37 91,149 49.42 5.7507
2020-04-30 2020-03-31 13F LENNAR CL A 526057104 1,596,920 117,440 7.94 61,002 -26.09 4.3274
2020-01-30 2019-12-31 13F LENNAR CL A 526057104 1,479,480 19,945 1.37 82,540 1.26 3.6710
2019-10-25 2019-09-30 13F LENNAR CL A 526057104 1,459,535 -41,989 -2.80 81,515 12.03 3.9825
2019-07-26 2019-06-30 13F LENNAR CL A 526057104 1,501,524 -42,497 -2.75 72,764 -4.00 3.5021
2019-05-09 2019-03-31 13F LENNAR CL A 526057104 1,544,021 14,140 0.92 75,796 26.55 3.8468
2019-02-04 2018-12-31 13F LENNAR CL A 526057104 1,529,881 -149,463 -8.90 59,895 -23.61 3.1303
2018-10-23 2018-09-30 13F LENNAR CL A 526057104 1,679,344 -44,904 -2.60 78,409 -13.38 3.5409
2018-07-23 2018-06-30 13F LENNAR CL A 526057104 1,724,248 -31,887 -1.82 90,523 -12.54 4.3103
2018-05-04 2018-03-31 13F LENNAR CL A 526057104 1,756,135 -1,776 -0.10 103,507 -6.89 5.0141
2018-02-12 2017-12-31 13F LENNAR CL A 526057104 1,757,911 -82,653 -4.49 111,170 14.39 5.0632
2017-11-06 2017-09-30 13F LENNAR CL A 526057104 1,840,564 -25,623 -1.37 97,182 -2.33 4.6270
2017-07-27 2017-06-30 13F LENNAR CL A 526057104 1,866,187 564,085 43.32 99,505 49.28 4.7960
2017-05-11 2017-03-31 13F LENNAR CL A 526057104 1,302,102 191,215 17.21 66,655 39.77 3.3570
2017-02-08 2016-12-31 13F LENNAR CL A 526057104 1,110,887 596,646 116.02 47,690 119.03 2.4197
2016-11-07 2016-09-30 13F LENNAR CL A 526057104 514,241 514,241 21,773 1.0368
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.