As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
While doing this research we’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. This week we’ll take a look at:
Lennar Corporation (NYSE: LEN)
After merging with CalAtlantic in February 2018, Lennar has become the largest homebuilder (by revenue) in the United States. The company’s homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar’s financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction.
A quick look at the price chart below for Lennar Corporation shows us that the stock is up 53% in the past twelve months.
(Source: Morningstar)
Superinvestors who sold, or reduced Lennar Corporation stock to their portfolios include:
(Superinvestor – remaining shares)
Edgar Wachenheim – 9,459,894 shares
Ken Fisher – 1,284,556 shares
Glenn Greenberg – 1,208,285 shares
Bill Miller – 951,490 shares
Cliff Asness – 679,519 shares
Marty Whitman – 348,885 shares
Ray Dalio – 71,991 shares
Joel Greenblatt – 6,236 shares
Lee Ainslie – 0 shares
George Soros – 0 shares
Tom Gayner – 0 shares
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