Lennar Corporation
LEN.B
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Berkshire Hathaway's Cash Fell From $397 Billion to $366 Billion in a Single Quarter
Berkshire Hathaway deployed $31 billion of its massive cash pile in Q2 2026, marking a significant shift after years of accumulation. CEO Greg Abel made major investments in Alphabet ($17 billion), increased positions in Delta Air Lines and Macy's, and resumed share buybacks with $4.5 billion spent on Berkshire's own stock. While most of the $366 billion cash balance remains undeployed, the company's willingness to invest suggests a more opportunistic stance going forward.
Why Lennar (LEN) Dipped More Than Broader Market Today
Lennar (LEN) closed down 2.57% in the latest trading session. The homebuilder faces significant headwinds with projected EPS declining 34.50% and revenue falling 5.42% for the upcoming quarter. Full-year estimates show earnings down 32.26% and revenue down 5.6% year-over-year. The stock carries a Zacks Rank of #4 (Sell) with a Forward P/E of 15.82, trading at a premium to its industry average.
Greg Abel Just Made 3 Moves at Berkshire Hathaway That Bet on the Same Trend (And it's Not AI)
Berkshire Hathaway CEO Greg Abel is making significant bets on a housing market recovery through multiple moves: acquiring homebuilder Taylor Morrison for $8.5 billion, increasing investment in Lennar by 30%, and buying shares of D.R. Horton. These moves, combined with existing holdings in Clayton Homes and Berkshire Hathaway Home Services, suggest Abel believes pent-up demand will emerge once mortgage rates decline, despite the currently frozen housing market.
Warren Buffett Thinks Stocks Are Expensive. Berkshire Hathaway CEO Greg Abel Seems To Disagree
Greg Abel, the new CEO of Berkshire Hathaway, is taking a more aggressive investment approach compared to his predecessor Warren Buffett. After 13 quarters of net stock selling under Buffett, Berkshire became a net buyer in Q2 2026, making significant purchases including $17 billion in Alphabet, along with positions in Delta Air Lines, Lennar, and Macy's. This marks a departure from Buffett's cautious stance that stocks are overvalued and behaving like a casino.
Why I'm Wary of Most Housing Stocks, Except This One
The housing industry faces significant challenges with record home prices ($440,600 median), elevated mortgage rates (6.7%), and a shortage of 4.7 million homes. While traditional homebuilders struggle, manufactured housing company Legacy Housing stands out with impressive Q2 results (32% revenue growth, 59% net income growth) and benefits from recent congressional legislation supporting the sector. The author believes manufactured homes will fill the housing gap due to lower costs (~$120,000) and reduced stigma.