Warren Buffett and Hedge Funds Are Crazy About These 10 Stocks

7. Lennar Corporation (NYSE:LEN)

Berkshire Hathaway’s Stake Value: $23.52 Million

Number of Hedge Fund Investors: 75

Lennar Corporation (NYSE:LEN) operates as a homebuilder company that engages in the construction and sales of single-family attached and detached homes. It has emerged as one of the top stocks Warren Buffett and hedge funds are crazy about for gaining exposure in the real estate sector.

While consumer cyclical stocks tend to be riskier than their defensive counterparts, Lennar Corporation (NYSE:LEN) has shown it has what it takes to navigate challenging economic conditions as the current one amid high interest rates.

“We are bullish on the long-term prospects for Lennar. We believe the company is exceptionally well run, favourably positioned to generate compelling long-term growth, and committed to unlocking shareholder value through several strategic initiatives,” analysts at Baron Funds said in an investor letter.

The number of hedge funds holding stakes in the company increased from 65 as of the end of 2023 to 75 as of the end of the first quarter of 2024, according to an analysis of more than 900 hedge funds in Insider Monkey.