Lennar Corp: Greenhaven Associates, Inc. reports beneficial ownership of 10,943,681 shares of Lennar common stock, representing 5.08% of the class as of 05/01/2026. The filing shows Greenhaven has sole voting power over 3,243,864 shares and shared voting power over 7,699,817 shares.
The statement clarifies Greenhaven is an investment adviser with discretionary authority; most shares are owned by Greenhaven clients who retain dividend and sale proceeds rights. The filing is a Section 13 ownership disclosure and does not state any transactions or changes in the issuer’s operations.
Positive
None.
Negative
None.
Insights
Greenhaven reports a passive 5.08% stake with split voting/dispositive powers.
Greenhaven Associates holds 10,943,681 shares (5.08%) and discloses sole voting power for 3,243,864 shares and shared voting power for 7,699,817 shares as of 05/01/2026. The filing identifies Greenhaven as an investment adviser with discretionary authority, while clients retain economic rights to dividends and sale proceeds.
Ownership at this level typically signals a notable institutional stake but not a control position. Subsequent filings or Schedule 13D amendments would be required to show activist intentions; timing and cash‑flow treatment are not stated in the excerpt.
Key Figures
Beneficial ownership:10,943,681 sharesPercent of class:5.08%Sole voting power:3,243,864 shares+2 more
5 metrics
Beneficial ownership10,943,681 sharesas of 05/01/2026
Percent of class5.08%of Lennar common stock
Sole voting power3,243,864 sharessole power to vote or direct the vote
Shared voting power7,699,817 sharesshared power to vote or direct the vote
CUSIP526057104Lennar Corp common stock identifier
Key Terms
Schedule 13G, beneficially owned, sole voting power, shared dispositive power
4 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Lennar Corp"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"(i) Sole power to vote or to direct the vote: 3,243,864"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared dispositive powerfinancial
"(iv) Shared power to dispose or to direct the disposition of: 7,699,817"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Lennar Corp
(Name of Issuer)
Common Stock
(Title of Class of Securities)
526057104
(CUSIP Number)
05/01/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
526057104
1
Names of Reporting Persons
Greenhaven Associates, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
3,243,864.00
6
Shared Voting Power
7,699,817.00
7
Sole Dispositive Power
3,243,864.00
8
Shared Dispositive Power
7,699,817.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,943,681.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.08 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Lennar Corp
(b)
Address of issuer's principal executive offices:
5505 Waterford District Dr. Miami, FL 33126
Item 2.
(a)
Name of person filing:
Greenhaven Associates, Inc. 13-3436799
(b)
Address or principal business office or, if none, residence:
3 Manhattanville Road
Purchase, NY 10577
(c)
Citizenship:
Greenhaven Associates, Inc. is incorporated in New York State. Greenhaven's shareholders and executives all are citizens of the United States of America.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
526057104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
10,943,681
(b)
Percent of class:
5.08%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3,243,864
(ii) Shared power to vote or to direct the vote:
7,699,817
(iii) Sole power to dispose or to direct the disposition of:
3,243,864
(iv) Shared power to dispose or to direct the disposition of:
7,699,817
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Greenhaven Associates Inc. (Greenhaven), an Investment Advisory firm, has investment discretion with respect to the securities to which this statement relates. Greenhaven has sole power to vote 3,243,864 common shares of Lennar Corp. All other shares are owned by clients of Greenhaven. Clients of Greenhaven have the right to receive and the power to direct the receipt of dividends from, and the proceeds from, the sale of common stock of Lennar Corp. No one person's interest in the common stock is more than five percent of the total outstanding common stock of Lennar Corp.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Greenhaven Associates report in LEN?
Greenhaven reports beneficial ownership of 10,943,681 shares, representing 5.08% of Lennar common stock as of 05/01/2026. The filing is a standard ownership disclosure under Section 13.
Who controls voting and economic rights for these LEN shares?
Greenhaven has sole voting power over 3,243,864 shares and shared voting power over 7,699,817 shares. Economic rights (dividends/sale proceeds) are held by Greenhaven clients.
Does this Schedule 13G indicate activist intent for LEN?
No. The filing states Greenhaven is an investment adviser with discretionary authority and does not assert activist intentions; it is a passive ownership disclosure rather than a Schedule 13D.
When was the ownership reported for Lennar (LEN)?
The reported ownership is dated 05/01/2026 and the Schedule 13G was signed on 05/04/2026 by Edgar Wachenheim III as Chairman & CEO of Greenhaven.
Do Greenhaven clients receive dividends or sale proceeds for these LEN shares?
Yes. The filing states clients of Greenhaven have the right to receive and direct the receipt of dividends and proceeds from the sale of Lennar common stock.
