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SCHEDULE Filed 2026-01-13 Event 2026-01-13 SEC 0000807249-26-000004 →

GAMCO INVESTORS, INC. ET AL → LENNAR CORP /NEW/ LEN-B

Stake: 3.60% Shares: 1,141,300 CUSIP: 526057302 Class: Class B Common Stock, par value $.10
Composite Decision Signal · PASS (LOW BASE-RATE EDGE) Conviction Score: 14/100 · Filer 90d Win Rate: 11% · Hist. 90d Edge: -3.8%
  • Filer track record (28 filings): 11% 90d win rate, +0.0% 90d edge
  • Held by 2 tracked 13F institutional managers
  • 8 NPORT-P mutual funds holding CUSIP

Item 4 — Purpose of Transaction

On October 21, 2025, the Issuer sent correspondence to the Reporting Persons, which the Issuer filed publicly on the same date, indicating, among other things, that under the Issuer's current Restated Certificate of Incorporation (as amended), holders of the Issuer's Class B common stock are not permitted to convert such shares into Class A common stock absent a further amendment to the certificate of incorporation, and that implementing such an amendment would require stockholder approval. The Issuer further indicated that the Restated Certificate of Incorporation requires that the number of outstanding Class B shares represent at least 10% of the combined total of outstanding Class A and Class B shares in order for the Class B shares to remain outstanding, and that a failure to satisfy such requirement would result in the automatic conversion of all outstanding Class B shares into Class A shares. The Reporting Persons believe that the Issuer should allow shareholders the opportunity to vote on proposed amendments to the certificate of incorporation that would (i) permit the convertibility of the Issuer's Class B common stock into Class A common stock and (ii) eliminate the minimum outstanding Class B share requirement so that any such convertibility would not, absent stockholder approval, result in the automatic conversion of the Issuer's Class B common stock, in order to allow shareholders to determine the appropriate capital structure and governance framework of the Issuer. As context, as of August 31, 2025, as reported in the Issuer's most recent Quarterly Report on Form 10-Q, the Issuer had 223,803,530 shares of Class A common stock and 31,217,013 shares of Class B common stock outstanding. The Issuer has also publicly disclosed the completion of the Millrose exchange offering, which reduced the number of outstanding Class A shares from the amounts reported in the Form 10-Q.

Cross-References

Insider Activity (last 365d)
72 transactions
57 buys · 2 sales · 2 awards/exercises
Issuer Cluster
6 13D/G filings on this issuer
5 other filings besides this one
Filer Track Record
200 filings by this filer
199 other filings in the data moat
Short Interest
—
Not in latest FINRA snapshot

Institutional Consensus · 2026-06-30

Held by elite portfolio managers
2 holders · $26.91M
Berkshire HathawayPoint72 Asset Mgmt

Post-Filing Returns · since 2026-01-13 on LEN-B

+1 day
-1.3%
+5 days
-5.2%
+30 days
+1.1%
+60 days
-18.3%
+90 days
-21.0%
+180 days
-26.2%

Anchor price 109.99 on closest trading day on/after 2026-01-13. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Form 4 Insider Transactions · last 365d

DateInsiderRoleTypeSharesPriceValue
2026-09-30 BERKSHIRE HATHAWAY INC 10%+ owner Buy 638,813 $81.59 $52.12M
2026-09-30 BERKSHIRE HATHAWAY INC 10%+ owner Buy 4,008 $79.98 $321K
2026-09-29 BERKSHIRE HATHAWAY INC 10%+ owner Buy 12,289 $81.95 $1.01M
2026-09-29 BERKSHIRE HATHAWAY INC 10%+ owner Buy 100 $80.00 $8K
2026-09-28 BERKSHIRE HATHAWAY INC 10%+ owner Buy 5,200 $81.96 $426K
2026-09-25 BERKSHIRE HATHAWAY INC 10%+ owner Buy 313,379 $80.90 $25.35M
2026-09-25 BERKSHIRE HATHAWAY INC 10%+ owner Buy 171,723 $81.60 $14.01M
2026-09-25 BERKSHIRE HATHAWAY INC 10%+ owner Buy 7,022 $79.53 $558K
2026-09-24 BERKSHIRE HATHAWAY INC 10%+ owner Buy 399,238 $80.58 $32.17M
2026-09-24 BERKSHIRE HATHAWAY INC 10%+ owner Buy 241,692 $81.44 $19.68M
2026-09-24 BERKSHIRE HATHAWAY INC 10%+ owner Buy 9,415 $79.42 $748K
2026-09-24 BERKSHIRE HATHAWAY INC 10%+ owner Buy 2,975 $79.91 $238K
2026-09-23 BERKSHIRE HATHAWAY INC 10%+ owner Buy 532,993 $81.65 $43.52M
2026-09-23 BERKSHIRE HATHAWAY INC 10%+ owner Buy 1,263 $79.99 $101K
2026-09-21 BERKSHIRE HATHAWAY INC 10%+ owner Buy 160,275 $77.23 $12.38M
2026-09-21 BERKSHIRE HATHAWAY INC 10%+ owner Buy 483,809 $77.97 $37.72M
2026-09-21 BERKSHIRE HATHAWAY INC 10%+ owner Buy 4,888 $75.76 $370K
2026-09-21 BERKSHIRE HATHAWAY INC 10%+ owner Buy 18,146 $76.62 $1.39M
2026-09-18 BERKSHIRE HATHAWAY INC 10%+ owner Buy 1,218,429 $76.39 $93.08M
2026-09-18 BERKSHIRE HATHAWAY INC 10%+ owner Buy 51,586 $77.06 $3.98M
2026-09-18 BERKSHIRE HATHAWAY INC 10%+ owner Buy 68,760 $78.09 $5.37M
2026-09-18 BERKSHIRE HATHAWAY INC 10%+ owner Buy 7,900 $78.88 $623K
2026-09-18 BERKSHIRE HATHAWAY INC 10%+ owner Buy 33,122 $74.80 $2.48M
2026-09-18 BERKSHIRE HATHAWAY INC 10%+ owner Buy 390 $75.76 $30K
2026-09-18 BERKSHIRE HATHAWAY INC 10%+ owner Buy 710 $76.98 $55K
Showing 25 of 72

Other 13D/G Filings on LENNAR CORP /NEW/

FiledFormFilerStakeShares
2025-10-14 SCHEDULE GAMCO INVESTORS, INC. ET AL 3.60% 1,141,400 view →
2023-03-06 SC GAMCO INVESTORS, INC. ET AL — — view →
2020-11-03 SC GAMCO INVESTORS, INC. ET AL — — view →
2018-03-20 SC GAMCO INVESTORS, INC. ET AL — — view →
2018-01-09 SC GAMCO INVESTORS, INC. ET AL — — view →

Other Filings by GAMCO INVESTORS, INC. ET AL

FiledFormIssuerStakeShares
2026-10-28 SCHEDULE 13D/A NATHANS FAMOUS, INC. — 0 view →
2026-10-02 SCHEDULE 13D/A BEASLEY BROADCAST GROUP INC 5.20% 0 view →
2026-09-22 SCHEDULE 13D/A TENNANT CO 4.40% 0 view →
2026-09-16 SCHEDULE 13D/A Neostellar Capital Corp. 6.10% 0 view →
2026-09-10 SCHEDULE 13D/A GABELLI MULTIMEDIA TRUST INC. 2.50% 31,000 view →
2026-09-02 SCHEDULE 13D/A Atlanta Braves Holdings, Inc. 19.50% 550 view →
2026-08-31 SCHEDULE 13D/A STRATTEC SECURITY CORP 12.80% 0 view →
2026-08-31 SCHEDULE 13D/A NATHANS FAMOUS, INC. 6.40% 0 view →
2026-08-24 SCHEDULE 13D/A TREDEGAR CORP — 0 view →
2026-08-14 SCHEDULE 13D/A Sphere Entertainment Co. 1.90% 80 view →
2026-08-14 SCHEDULE 13D/A Madison Square Garden Sports Corp. 2.60% 163 view →
2026-08-12 SCHEDULE 13D/A WESTWOOD HOLDINGS GROUP INC — 443,800 view →
2026-08-12 SCHEDULE 13D/A ASTEC INDUSTRIES INC 4.70% 0 view →
2026-08-05 SCHEDULE 13D/A CTS CORP 4.10% 0 view →
2026-08-03 SCHEDULE 13D/A MYERS INDUSTRIES INC — 0 view →
2026-07-20 SCHEDULE 13D/A LGL GROUP INC — 0 view →
2026-06-29 SCHEDULE 13D/A Crimson Wine Group, Ltd CWGL 1.80% 0 view →
2026-04-09 SCHEDULE 13D/A CORE MOLDING TECHNOLOGIES INC CMT 4.10% 0 view →
2026-01-29 SCHEDULE MONRO, INC. MNRO 5.80% 1,740,697 view →
2026-01-28 SCHEDULE BEL FUSE INC /NJ BELFB 3.00% 63,800 view →
Showing 20 of 199

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