Lennar discloses Berkshire 10% ownership stake
Berkshire Hathaway and Warren E. Buffett report significant indirect ownership stakes in Lennar Corp’s Class A and Class B common stock.
Rhea-AI Filing Summary
Lennar Corp (LEN) reported that Berkshire Hathaway Inc. and Warren E. Buffett are ten percent owners, with an initial Form 3 filing showing indirect holdings of Lennar common stock. The filing lists 21,050,601 shares of Class A Common Stock and 453,196 shares of Class B Common Stock held through Berkshire insurance subsidiaries, with Berkshire in the ownership chain of each. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own these shares only to the extent of his pecuniary interest and disclaims beneficial ownership beyond that.
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Insights
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BERKSHIRE HATHAWAY INC, BUFFETT WARREN E
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 21,050,601 shares (Indirect, See footnote);
Class B Common Stock — 453,196 shares (Indirect, See footnote)
Footnotes (2)
- F1. 21,050,601 of the total reported shares of the Class A Common Stock ("Class A Common Stock") of Lennar Corporation ("Lennar") are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): AZGUARD Insurance Company (3,098,000), BHG Life Insurance Company (2,947,251) , Medical Protective Company (226,001), National Indemnity Company (12,366,349), NorGUARD Insurance Company (1,195,000) and WestGUARD Insurance Company (1,218,000). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F2. 453,196 of the total reported shares of the Class B Common Stock ("Class B Common Stock") of Lennar are owned by the following subsidiaries of Berkshire: AZGUARD Insurance Company (177,568) and National Indemnity Company (275,628). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Mr. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Key Figures
Class A Common Stock indirectly held: 21,050,601 shares
Class B Common Stock indirectly held: 453,196 shares
Reporting persons designated as ten percent owners: 2 reporting persons
3 metrics
Class A Common Stock indirectly held
21,050,601 shares
Indirect holdings of Lennar Class A Common Stock through Berkshire Hathaway subsidiaries as of September 17, 2026
Class B Common Stock indirectly held
453,196 shares
Indirect holdings of Lennar Class B Common Stock through Berkshire Hathaway subsidiaries as of September 17, 2026
Reporting persons designated as ten percent owners
2 reporting persons
Berkshire Hathaway Inc. and Warren E. Buffett each flagged as ten percent owners of Lennar Corp
Key Terms
beneficially own, pecuniary interest, ten percent owner
3 terms
beneficially own regulatory
"it may be deemed to both beneficially own and have a pecuniary interest"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"may be deemed to beneficially own, but only to the extent he has a pecuniary interest"
ten percent owner regulatory
"Berkshire Hathaway Inc. and Warren E. Buffett are each listed as a ten percent owner"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lennar Corp (LEN) disclose in this Form 3 filing?
Lennar disclosed an initial statement of beneficial ownership indicating that Berkshire Hathaway Inc. and Warren E. Buffett are ten percent owners, reporting indirect holdings of both Class A and Class B common stock through Berkshire’s insurance subsidiaries.
How is Warren E. Buffett’s ownership in Lennar (LEN) characterized?
Warren E. Buffett, as the controlling stockholder of Berkshire Hathaway Inc., may be deemed to beneficially own the reported Lennar shares, but only to the extent of his pecuniary interest in the Berkshire subsidiaries. He expressly disclaims beneficial ownership beyond that interest.
Does this Lennar (LEN) Form 3 describe any recent purchases or sales?
No specific purchases or sales are described. The Form 3 functions as an initial statement of beneficial ownership, listing the indirect holdings of Lennar Class A and Class B common stock by Berkshire-related entities as of the reported date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
