LENNAR CORP /NEW/

**LENNAR CORP /NEW/**: This fund manages $173M across a concentrated portfolio of five positions. The strategy is heavily weighted toward OPEN, representing $109.5M, which constitutes approximately 63.2% of total assets. Significant secondary allocations include HIPOGBP at $62.3M, followed by smaller, tactical positions in OPENW ($0.6M), OPENL ($0.3M), and OPENZ ($0.2M). The structure suggests a high conviction, single-stock bias with a dominant exposure to the OPEN nameplate.

📌 Top Holdings