Lennar Corp /New/

Fundamental diversified ★Signal real_estate specialist (100%) CIK 920760
Long book
$64.0M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+4.5%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

Lennar Corp /New/ is a diversified fundamental manager, specialised in real_estate (100% of the long book), running a $64.0M US long book across 4 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: OPENDOOR TECHNOLOGIES INC, OPENDOOR TECHNOLOGIES INC-26, OPENDOOR TECHNOLOGIES INC-26, OPENDOOR TECHNOLOGIES INC-26.

We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2025
-17.6%
Q1 2026
+4.5%

Sector allocation

Real estate
100%

Long book by quarter

$173.0M
Q4 2025
$64.0M
Q1 2026

What does Lennar Corp own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
OPEN OPENDOOR TECHNOLOGIES INCReal estate13.5M$63.3M98.9%-28.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 20264$64.0M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20265$173.0M canonicalSEC ↗

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