As of February 11, 2026, Stuart Miller was Lennar’s largest disclosed principal stockholder by class: he was reported as the beneficial owner of 21,851,560 Class B shares, or 70.2% of that class. That figure is not 70.2% of all Lennar shares. Lennar has two common-stock classes with different voting rights, and its proxy says Miller could cast 41.9% of the combined votes on that date. These figures are a dated proxy snapshot, not a live shareholder register.
Who are Lennar’s largest disclosed shareholders?
Lennar’s 2026 proxy statement reports the following holders as beneficial owners of more than 5% of at least one share class. Share counts and percentages below are as of February 11, 2026; each percentage is of the named class, not of all Lennar shares.
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| Holder | Class | Shares | Share of class |
|---|---|---|---|
| Stuart Miller | Class B | 21,851,560 | 70.2% |
| GAMCO Investors, Inc. | Class B | 1,724,170 | 5.5% |
| The Vanguard Group | Class A | 27,368,807 | 12.6% |
| BlackRock, Inc. | Class A | 16,936,080 | 7.8% |
These are the holders meeting the proxy’s disclosure threshold, not a complete list of Lennar shareholders. The proxy calculates each percentage against the outstanding shares of the applicable class as of February 11, 2026. Lennar’s 2026 proxy statement provides the underlying figures and ownership footnotes.
Why share ownership and voting power are different at Lennar
Lennar has two common-stock classes. Each Class A share carries one vote; each Class B share carries ten votes. The proxy reports that Miller could cast 220,911,062 votes—41.9% of combined votes—as of February 11, 2026. A Class B percentage therefore cannot be read as the same percentage of economic ownership, total shares, or total voting power.
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Beneficial ownership also does not necessarily equal a person’s economic stake. The proxy’s footnote says Miller is treated as the beneficial owner of certain partnership-held shares because he has voting and dispositive power over them, even though he has only a limited pecuniary interest in those shares. When reading an ownership disclosure, distinguish the shares attributed to a person from the person’s financial interest in those shares.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to check a company’s major shareholders
- Start with the company’s investor-relations site. Find its latest proxy statement and SEC filings. Lennar’s SEC filings page links to filings, and its annual reports and proxies index lists historical reporting years.
- Find the principal-stockholder ownership table. Search the proxy for “Security Ownership of Principal Stockholders” or a similar heading. Record each holder, share class, share count, percentage, and the date the ownership figures represent.
- Read the footnotes before interpreting the numbers. Check how the company defines beneficial ownership, what shares are attributed to the holder, and whether voting or dispositive power differs from economic interest.
- Follow referenced filings where needed. A proxy may cite Schedule 13D or 13G filings. Review those filings to see who is reporting and what voting or dispositive power they disclose.
- Compare measurement dates, not just filing dates. A document filed recently can describe holdings from an earlier date. Treat the filing date and the stated ownership date as separate facts.
- Assess voting rights separately. If the company has multiple share classes, establish the votes attached to each class before drawing conclusions about influence or control.
How current are Lennar’s ownership figures?
The figures above describe the ownership snapshot in Lennar’s 2026 proxy, measured February 11, 2026. Lennar’s investor-relations site also showed later ownership-related filing activity, including a statement of changes in beneficial ownership dated October 5, 2026. That later activity is one reason not to treat the proxy table as a current register: check the newest filings for updates, and verify the ownership date inside each document.
For a useful comparison, keep the share class, share count, class-specific percentage, voting rights, beneficial-ownership basis, and measurement date together. Leaving out any of those can make two holders—or two percentages—look more comparable than they are.
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