Bought LENNAR CORP /NEW/$52.1M638,813 shares @ $81.59
Berkshire keeps buying Lennar while builder sentiment stays sour, adding roughly $54.7 million across Class A and B shares. That is a bet that housing weakness is already in the price.
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Bought LENNAR CORP /NEW/$43.5M532,993 shares @ $81.65
Berkshire just added roughly $163 million of Lennar across Class A and Class B shares in a single stretch of buying, lifting its Class A stake past 25.3 million shares. Buffett's team is leaning into homebuilders at around $81 a share while elevated mortgage rates keep the rest of the market cautious.
New insider tie · Form 3Warren Buffett
Now 10% owner at LENNAR CORP /NEW/
Buffett crossing the 10% threshold at Lennar is the loudest vote of confidence in housing since mortgage rates froze builder sentiment, and it comes with a $16.4 billion market cap that leaves room for him to keep buying. Every Form 4 from here is now public, so investors get a live read on whether he is adding into the slowdown.
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‘That Could Result in a Rate Hike as Soon as Next Week’: Schwab Strategist on Friday’s CPI
A Schwab fixed-income strategist and a Wharton finance professor are both saying the same unsettling thing about next week's Fed meeting, and Friday's CPI report could make their case impossible to ignore.
