“ Berkshire buys more Lennar shares, but pace of purchases slows
Berkshire Hathaway added to its bet on Lennar this week, raising its stake in the homebuilder to 11.2%, although the pace of its buying appears to be slowing.

In an SEC filing late Wednesday, Berkshire disclosed it bought a total of $53.6 million of Lennar's Class A shares and another $329 thousand of the super-voting B shares on Monday, Tuesday, and Wednesday.

That puts the position at a total of 26.6 million shares valued at $2.1 billion based on today's closing prices.

At the end of the second quarter, Berkshire owned a 5.4% stake of 13.4 million shares valued at $1.2 billion. That was an increase of almost 30% from the 10.3 million shares it owned at the end of the first quarter, which was, in turn, an increase of 43% from 7.2 million shares at the end of last year.
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As the stock continued to falter in the third quarter, Berkshire continued to buy in secret until its stake hit 10% in mid-September, triggering an SEC rule requiring it to disclose additional moves within two business days.
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That prompted two filings last week revealing Berkshire bought almost $349 million of Lennar shares on six out of the seven trading days between September 17 and September 25.

That's an average of $58 million per calendar day.

This week the average is just under $18 million through Wednesday.

Since Berkshire has not made a new filing as of publication tonight, it appears Berkshire didn't do any buying on Thursday.

That would put the 4-day average at $13.5 million.

We won't know if there was activity today until after Monday's filing deadline.
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