Berkshire Hathaway increased its stake in homebuilder Lennar Corp. by roughly 30% during the second quarter and opened a new position in D.R. Horton Inc., according to a Form 13F-HR filed with the Securities and Exchange Commission on Aug. 14. The filing, covering holdings as of June 30, 2026, shows Berkshire’s Lennar position now worth roughly $1.157 billion, while its new D.R. Horton stake — 3,564 shares valued at about $580,504 — is a small toehold in the nation’s largest homebuilder by volume, according to the filing and reporting by Realtor.com.
Lennar is the second-largest homebuilder in the country by volume. Berkshire first invested in both companies in 2025, putting roughly $800 million into Lennar and about $191.5 million into D.R. Horton, before later selling off much of its Horton position, Realtor.com reported. The fresh Horton purchase disclosed this week marks a return to that stock, though at a far smaller scale than Berkshire’s initial bet.
The added homebuilder exposure comes five weeks after Berkshire closed its $8.5 billion acquisition of Taylor Morrison Home Corporation on July 24, folding the sixth-largest U.S. homebuilder into Berkshire’s Clayton Properties Group. Combined with Lennar, D.R. Horton and Clayton Homes — the manufactured-housing maker Berkshire bought for $1.7 billion in 2003 — the four holdings now make Berkshire the fourth-largest homebuilder in the country, according to housing analytics firm ResiClub, as cited by Realtor.com.
Berkshire Vice Chairman Greg Abel, who succeeded Warren Buffett as chief executive in January, said of the Taylor Morrison deal when it was announced that “this investment is grounded in a long-term belief in the strength of America’s housing market and its underlying fundamentals, which we see as enduring over time.” It was the first major deal completed under Abel’s leadership.
News of the expanded Lennar stake pushed the builder’s shares up about half a percentage point Monday morning, Realtor.com reported. Realtor.com senior economist Joel Berner said the earlier 2025 investment was “a boost of confidence for new home supply in the U.S.,” adding: “The country is facing a housing shortage of nearly 4 million homes, and the only solution is for someone to build them. This move suggests optimism that the housing market will rebound and support new home sales, and it will help to enable builders to continue offering affordable inventory to the American homebuyer.”
What it means: The 13F filing is a verified snapshot of Berkshire’s institutional stock holdings as of June 30 — confirmed directly in SEC records — and shows the firm deepening its bet on homebuilders even as builder sentiment stays depressed. The National Association of Home Builders’ latest builder confidence index, released Monday, remained below the neutral 40 mark for a 16th straight month, with roughly a third of builders still cutting prices to move inventory. That builders remain under pressure while Berkshire adds exposure is, per Realtor.com’s framing, a bet that a rebound is coming rather than a signal that one is already underway; RealtyWire’s own analysis is that a single quarter’s 13F does not establish a trend and Berkshire’s D.R. Horton position remains minor next to its Lennar and Taylor Morrison bets.
What to watch: Berkshire’s next 13F filing, due in mid-November, will show whether the firm continues building its Horton position or keeps expanding Lennar as the fall selling season plays out under still-elevated mortgage rates.
