Berkshire adds $330M to Bending Spoons stake; paper profit near $800M.
neutral 50 · impact 40
Berkshire Hathaway bought 2.4 million Lennar shares on Thursday and Friday, raising its stake to 12% of the homebuilder, worth about $2.2 billion. The SEC filing was made public Monday evening. Lennar stock fell 6.7% Monday to a 52-week low after a Hunterbrook report questioned Lennar's relationship with Millrose Properties. Berkshire has two business days to disclose any Monday purchases.
Berkshire Hathaway purchased $190 million in Lennar stock on Thursday and Friday, increasing its stake to 12% of the homebuilder. Lennar shares rose about 1% Tuesday after falling 7% Monday on a short-seller report alleging the company used sales to a related entity to mask weak demand. Mortgage rates above 7% continue to pressure the sector.
neutral 50 · impact 40
Berkshire Hathaway disclosed open-market purchases of 660,410 Lennar shares across three days, totaling about $53.9 million. The purchases were made indirectly through subsidiaries.
bullish 70 · impact 60
