Berkshire Hathaway Adds Lennar Shares in Mid-September Buying Spree

Berkshire Hathaway Inc. acquired a substantial block of Lennar Corp. stock during the third week of September, according to a regulatory filing.

The conglomerate bought approximately 2.7 million Class A shares of the homebuilder, along with 75,021 Class B shares, in transactions spanning Sept. 17 to Sept. 21.

The filing did not disclose the price paid for the shares or the total value of the purchases. It also did not indicate whether the buying was carried out by Berkshire's insurance units or its investment portfolio.

Lennar is one of the largest homebuilders in the United States. The stake purchase adds to Berkshire's existing holdings in the housing and construction sector.

Berkshire Hathaway, led by Warren Buffett, is known for taking significant positions in companies it views as undervalued. The company's investment moves are closely watched by market participants for signals about its outlook on specific industries.

The filing provided no further details on the transactions.