If Berkshire’s $2.1 Billion Bet Is Right, You’ll Probably Wish You Bought This Unloved Housing Stock. Abel and Weschler Just Bought Another 2.7 Million Shares Of Lennar.
Berkshire just crossed a threshold that forces it to reveal its moves within days, and what those filings show is a sustained, deliberate accumulation of a homebuilder Wall Street has loaded up with sell ratings.
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Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) moved fast into a homebuilder Wall Street has turned against. Per TipRanks, Berkshire bought $212.4 million of Lennar (NYSE:LEN) stock, over 2.7 million shares, between September 17 and September 21, 2026, at weighted-average prices from $74.80 to $79.41. GuruFocus reported a follow-on purchase of $136.4 million, bringing recent buying to over $348 million.
Why Berkshire’s Buying Is Visible Within Days
Berkshire’s Form 4 filings list Berkshire Hathaway Inc as a 10% Owner of Lennar. Crossing 10% of a company triggers a disclosure duty, so a buyer that normally shows up once a quarter now appears within days. Per GuruFocus, the stake stands at roughly 25.9 million shares worth about $2.1 billion. CNBC reported the threshold crossing on September 22, 2026.
Six Trading Days of Filed Purchases
Every Form 4 transaction is an acquisition. Selected lots, Class A unless noted:
- September 17: 410,164 shares at $79.41; 267,585 at $78.41
- September 18: 1,218,429 shares at $76.39; 33,122 Class B at $74.80
- September 21: 483,809 shares at $77.97
- September 23: 532,993 shares at $81.65
- September 24: 399,238 shares at $80.58; 241,692 at $81.44
- September 25: 313,379 shares at $80.90; 171,723 at $81.60
The TipRanks band of $74.80 to $79.41 matches these filings exactly, so the reporting and the primary source agree. The latest filed purchase, dated September 25, 2026, shows the campaign was still running three days ago.
Who Made the Call
Greg Abel became Berkshire’s chief executive earlier in 2026, and Ted Weschler, a longtime Berkshire portfolio manager, controls about 6% of Berkshire’s portfolio, according to The Motley Fool.
Warren Buffett stepped down as chairman on September 18, 2026, followed by his son Howard Buffett. The largest single Class A lot closed that same day.
Analysts Lean Bearish on Lennar
Lennar trades at $82.15 as of the premarket session on September 28, 2026, down 18.84% year to date, 32.44% over the past year and 8.02% over five years. Its 52-week range of $75.70 to $131.68 leaves it near the bottom.
The consensus target of $80.08 stands below the share price. The panel holds 1 strong buy, 1 buy, 8 hold, 3 sell and 5 strong sell ratings, reading as 44% bearish against 11% bullish. Our model rates Lennar a HOLD with a target price of $79.40, near fair value.
Incentives Are Squeezing Lennar’s Margins
According to Adam Levy of The Motley Fool, revenue declined 8.7% year over year, homes delivered fell 3.4% and average sales price dropped 2.9%. Levy reported that management cut full-year delivery guidance to 80,500 from 82,500, and gross margin contracted to 15.8% from 17.5% as Lennar leaned on incentives including mortgage rate buydowns. Fourth-quarter gross margin on home sales is guided to 15.5% to 16.0%. The stock trades at 0.91 times book value, according to The Motley Fool.
Quant Funds Trimmed While Berkshire Added
Berkshire’s June 30, 2026 13F, filed August 14, 2026, shows 13,111,741 Lennar shares valued at $1,186,481,443 after adding 3,012,099 that quarter. Two Sigma, D. E. Shaw, Renaissance Technologies and Millennium Management all cut Lennar in the same quarter, with Millennium holding puts. 13F data is a June 30 snapshot.
Lennar Fits a Wider Housing Push
Berkshire completed its purchase of Taylor Morrison, combining operations with Clayton Homes. The June 30 13F shows positions in NVR (NYSE:NVR) at 11,112 shares, Louisiana-Pacific (NYSE:LPX) at 5,664,793 shares and D.R. Horton (NYSE:DHI) at 3,564 shares. Per Adam Levy of The Motley Fool, estimates place the US housing shortage between 2 million and 5.5 million units.
What Readers Can and Cannot Know
Berkshire bought a falling stock on six dated occasions, crossed a disclosure threshold doing it, and kept buying while four quant funds cut and analysts carried five strong sells. Whether Berkshire is right remains unknown. It has a long horizon and a balance sheet that can wait. For readers who want to piggyback on Berkshire’s homework more broadly, we sorted its holdings by valuation and pulled the seven cheapest dividend payers into a free report.
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AJ spent 10 years writing about financial markets at The Motley Fool. His coverage centers on technology stocks and the broader macroeconomic trends, from interest rates to geopolitics, that shape where markets are headed next. AJ is drawn to the stories where big-picture economics and individual companies collide.
