Berkshire Hathaway raised its stake in Lennar and now owns more than 10% of the homebuilder, sparking a rally among beaten-down homebuilding stocks. Warren Buffett's investment firm disclosed it purchased roughly $200 million of Lennar stock in transactions made Thursday, Friday and Monday, according to Securities & Exchange Commission filings. With the new purchases, Berkshire's stake goes from about 6% to more than 10% of Lennar. Continue Reading
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