Berkshire Hathaway Buys Additional $53.9M in Lennar Corp Stock

Insider Trading Analysis: Lennar Corp ($LEN)

Summary of Transactions

Between September 28, 2026, and September 30, 2026, Berkshire Hathaway Inc. and Warren E. Buffett acquired a combined total of 660,410 shares of Lennar Corporation across Class A and Class B common stock for an aggregate transaction value of approximately $53.88 million.

• Class A Common Stock Purchases:
  • Sep 28, 2026: 5,200 shares at a weighted average price of $81.96
  • Sep 29, 2026: 12,289 shares at a weighted average price of $81.95
  • Sep 30, 2026: 638,813 shares at a weighted average price of $81.59
• Class B Common Stock Purchases:
  • Sep 29, 2026: 100 shares at $80.00
  • Sep 30, 2026: 4,008 shares at a weighted average price of $79.98

Ownership Structure and Holdings

Following these transactions, Berkshire Hathaway's insurance subsidiaries (including National Indemnity Company, Medical Protective Company, BHG Life Insurance Company, AZGUARD, NorGUARD, and WestGUARD) hold:

• 26,034,436 shares of Class A Common Stock
• 553,000 shares of Class B Common Stock

All shares are held indirectly through Berkshire Hathaway subsidiaries. Warren E. Buffett, as controlling shareholder, disclaims beneficial ownership except to the extent of his pecuniary interest.

Strategic Context & Significance

• Significance Level: High
• Continued open-market accumulation by Berkshire Hathaway demonstrates strong institutional conviction in Lennar and the broader residential homebuilding sector.
• The bulk of the buying occurred on September 30, 2026, with over 638,000 Class A shares acquired in a single day.