Wellington Management Amends Lennar Corp. Class A Stock Ownership

TL;DR

**Wellington Management just updated its Lennar stock holdings, watch for potential market reaction.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended SC 13G/A on February 9, 2024, indicating a change in their ownership of Lennar Corporation's Class A Common Stock as of December 29, 2023. This filing updates their previous disclosure, signaling that their stake in the homebuilder has shifted, which could influence investor perception of Lennar's institutional backing and future stock performance.

Why It Matters

This filing shows a significant institutional investor, Wellington Management, has adjusted its position in Lennar, which can signal their updated confidence in the company's outlook to other investors.

Risk Assessment

Risk Level: low — This is a routine amendment by an institutional investor and does not inherently pose a direct risk to the company or its shareholders.

Analyst Insight

Investors should note that a major institutional investor like Wellington Management has updated its position in Lennar. While the specific change in ownership percentage isn't detailed in this excerpt, it warrants further investigation into the full filing to understand if they increased or decreased their stake, which could influence sentiment towards LENN.

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Lennar Corporation (company) — the subject company, a homebuilder
• December 29, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A
• Class A Common Stock (other) — the type of securities held by Wellington Management in Lennar

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 31KB
• 0000902219-24-000284.txt ( ) — 33KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Lennar Corporation (Name of Issuer) Class A Common Stock (Title of Class of Securities) 526057104 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 526057104 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 10,155,611 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,936,876 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,936,876 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.37% 12. TYPE OF REPORTING PERSON HC CUSIP No. 526057104 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 10,155,611 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,936,876 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,936,876 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.37% 12. TYPE OF REPORTING PERSON HC CUSIP No. 526057104 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 10,155,611 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,936,876 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,936,876 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.37% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Lennar Corporation (b) Address of Issuer's Principal Executive Offices 5505 Waterford District Drive Miami, FL 33126 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Class A Common Stock (e) CUSIP Number 526057104 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in

View Full Filing

View this SC 13G/A filing on SEC EDGAR