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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Berkshire Hathaway Doubles Down on Lennar As Short-Seller Report Sends Shares Tumbling

Lennar Berkshire Berkshire Hathaway Hunterbrook Warren Buffett
Berkshire’s Lennar stake grows to 28.43 million Class A shares, with Warren Buffett listed as a reporting person. (Credit: warrenebuffett_official/Instagram)

Berkshire Hathaway has doubled down on its Lennar bet, buying over 2.4 million additional shares worth about $192.6 million, coinciding with a short seller's report that sent the US homebuilder's stock sharply lower.

A new Securities and Exchange Commission filing shows Berkshire bought 2.4 million Class A shares of Lennar and 15,028 Class B shares across trades on 1st and 2nd October. The purchases had a combined value of approximately $192.6 million, based on the weighted-average prices disclosed in the filing.

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International Business Times UK
International Business Times UK
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