25 Stocks Billionaires Are Piling On

7. Lennar Corporation (NYSE:LEN)

Number of Billionaire Shareholders of LEN (as of June 30): 10

Value of Billionaires’ Holdings in LEN (as of June 30): $1.29 billion

Lennar Corporation (NYSE:LEN) shares have shed 35% of their value in 2018, including 16% declines since September 10, as rising mortgage rates have investors concerned of a growing slowdown in the housing market. However, Lennar recently raised its fiscal 2019 deliveries projections by 15% to 53,000 homes, and has a strong balance sheet, which is doubtless why so many billionaires like the stock. Among them on June 30 were Dan Loeb’s Third Point (6 million shares) and Andreas Halvorsen’s Viking Global (5.43 million shares).