Based on 939 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added LEN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
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High ownership — 91% of 3.0Y peak
91% of all-time peak
939 funds currently hold this stock — 91% of the 3.0-year high of 1,033 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding LEN is almost the same as a year ago (+7 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 54% buying
522 buying440 selling
Last quarter: 522 funds bought or added vs 440 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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Steady new buyers — ~131 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 157 → 146 → 127 → 131. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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66% of holders stayed for 2+ years
■ 66% conviction (2yr+)
■ 17% medium
■ 18% new
618 out of 939 hedge funds have held LEN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Steady discovery — ~131 new funds/quarter
131 → 157 → 146 → 127 → 131 new funds/Q
New funds entering each quarter: 157 → 146 → 127 → 131. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 69% veterans vs 20% newcomers
■ 69% veterans
■ 11% 1-2yr
■ 20% new
Entry-cohort mix of 984 holders: 680 (69%) are 2+ year veterans, 107 entered 1–2 years ago, and 197 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 54% AUM from top-100 funds
54% from top-100 AUM funds
66 of 932 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in LEN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.