One Stock Superinvestors Are Selling

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