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Berkshire Hathaway builds almost 10% stake in Lennar

  • Berkshire Hathaway built almost a 10% stake in Lennar.
  • Lennar's stock fell almost a third over the past year.
  • Berkshire Hathaway has a long history of investing in homebuilders.

Berkshire Hathaway has accumulated almost a 10% stake in Lennar, according to a securities filing, expanding the conglomerate's longstanding involvement with homebuilders. The purchases came as Lennar reported weak earnings, while its stock has declined almost a third over the past year.

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