Summary · why it matters
Berkshire Hathaway, under the leadership of Warren Buffett, has continued to increase its stake in Lennar Corporation, a major U.S. homebuilder and real estate developer, to 11.2%, a portfolio value of about 2.1 billion dollars, or roughly 75 billion baht. Documents filed with the U.S. Securities and Exchange Commission state that Berkshire bought 53.6 million dollars of Lennar Class A shares and 329,000 dollars of Class B shares, which carry extra-special voting rights, between Monday and Wednesday, bringing its total holding to 26.6 million shares, up from 5.4%, or 13.4 million shares worth 1.2 billion dollars, at the end of the second quarter. The pace of buying has begun to slow, averaging less than 18 million dollars a day through Wednesday, and no transactions are expected on Thursday. Meanwhile, Morgan Stanley initiated coverage with an Underweight rating and a price target of 65 dollars per share, nearly 19% below the latest close of 79.81 dollars, amid 30-year fixed mortgage rates that have risen for six straight weeks to 7.30%, the highest since late 2023. On the wealth front, Warren Buffett has reclaimed his place as the world's 10th-richest person in Forbes magazine's rankings after overtaking Amancio Ortega, the founder of Inditex, the owner of the Zara brand. Forbes estimates Buffett's net worth at 143 billion dollars, above Ortega's 140 billion dollars, making Buffett the only person in the top 10 not from the technology sector. The Bloomberg Billionaires Index ranks them differently, estimating Ortega's fortune at 125 billion dollars in 15th place, with Jim Walton, a Walmart heir, in 11th place with 134 billion dollars.
Lennar Corporation
Industria de Diseno Textil SA
Berkshire Hathaway Inc
Morgan Stanley