Lennar Corporation bonds LEN
Who owns Lennar Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. LEN stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 526057CV4 | 5% fixed | 2027-06-15 | USD | 100.19 | 4.76% | 77 bp | 4 | $4.0M | Jul 2026 |
| 526057CD4 | 4.75% fixed | 2027-11-29 | USD | 100.16 | 4.62% | 52 bp | 10 | $43.2M | Jul 2026 |
| 526057CY8 | 5.2% fixed | 2030-07-30 | USD | 100.45 | 5.07% | 78 bp | 13 | $30.0M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 3 | $77.2M | 100.19 | 4.85% | 65 bp | 13 |
| Jun 2026 | 3 | $121.6M | 100.22 | 4.75% | 66 bp | 28 |
| May 2026 | 3 | $111.2M | 100.24 | 4.76% | 70 bp | 28 |
| Apr 2026 | 4 | $108.0M | 100.39 | 4.68% | 93 bp | 13 |
| Mar 2026 | 4 | $153.1M | 100.20 | 4.80% | 109 bp | 28 |
| Feb 2026 | 3 | $95.8M | 100.91 | 4.30% | 73 bp | 27 |
| Jan 2026 | 4 | $92.9M | 100.86 | 4.44% | 71 bp | 15 |
| Dec 2025 | 4 | $146.0M | 100.83 | 4.43% | 84 bp | 31 |
| Nov 2025 | 4 | $89.6M | 100.80 | 4.42% | 77 bp | 26 |
| Oct 2025 | 4 | $91.1M | 100.79 | 4.51% | 89 bp | 17 |
| Sep 2025 | 4 | $140.7M | 100.90 | 4.47% | 85 bp | 36 |
| Aug 2025 | 4 | $92.5M | 100.77 | 4.45% | 69 bp | 26 |
| Jul 2025 | 4 | $133.1M | 100.35 | 4.75% | 82 bp | 20 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 22 added, 16 cut, 7 new holders and 18 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Permanent Portfolio PERMANENT PORTFOLIO FAMILY OF FUNDS | 2026-07-31 | $50.0M | $50.1M | $2.5M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $33.8M | $34.2M | $5.7M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $22.0M | $22.1M | -$5.5M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $16.0M | $16.1M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $11.0M | $11.1M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.7M | $10.8M | $225K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $9.3M | $9.4M | $300K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $9.0M | $9.1M | $130K |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $8.7M | $8.7M | $0 |
| Fidelity Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $8.4M | $8.4M | $0 |
| JPMorgan Short Duration Core Plus Fund JPMorgan Trust I | 2026-05-31 | $8.0M | $8.1M | $0 |
| Victory Pioneer Bond Fund Victory Portfolios IV | 2026-06-30 | $7.9M | $8.0M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $7.8M | $7.8M | $0 |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $7.7M | $7.7M | $302K |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $7.1M | $7.1M | $102K |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $6.4M | $6.4M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $6.3M | $6.3M | $0 |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $5.1M | $5.2M | $533K |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $5.0M | $5.0M | $0 |
| T. Rowe Price Ultra Short-Term Bond Fund T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $5.0M | $5.0M | new |
| Invesco BulletShares 2030 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $4.7M | $4.8M | $250K |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $4.5M | $4.5M | $0 |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $3.2M | $3.2M | $2.0M |
| Versatile Bond Portfolio PERMANENT PORTFOLIO FAMILY OF FUNDS | 2026-07-31 | $3.0M | $3.0M | new |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $2.9M | $2.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Putnam Ultra Short Duration Income Fund ($21.7M), Ultra-Short Fixed Income Fund ($8.5M), FlexShares Ultra-Short Income Fund ($6.3M), MOA INTERMEDIATE BOND FUND ($3.5M), iShares iBonds Dec 2026 Term Corporate ETF ($3.3M), MOA CORE BOND FUND ($3.1M), Goldman Sachs Enhanced Income Fund ($1.3M), BlackRock Credit Allocation Income Trust ($890K), Franklin Ultra Short Bond ETF ($750K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($550K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $33.8M | $34.2M | 0.07% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 2 | $22.0M | $22.1M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $10.7M | $10.8M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 3 | $9.3M | $9.4M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $9.0M | $9.1M | 0.04% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 2 | $8.7M | $8.7M | 0.10% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 2 | $7.7M | $7.7M | 0.20% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $7.1M | $7.1M | 0.15% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $5.1M | $5.2M | 0.16% |
| BSCU Invesco BulletShares 2030 Corporate Bond ETF | 2026-05-31 | 1 | $4.7M | $4.8M | 0.19% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $2.9M | $2.9M | 0.03% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $2.8M | $2.8M | 0.02% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $2.0M | $2.0M | 0.01% |
| CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.8M | $1.8M | 0.11% |
| TBUX T. Rowe Price Ultra Short-Term Bond ETF | 2026-05-31 | 1 | $1.5M | $1.5M | 0.13% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.49: safer than 62% of companies (60th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-08-31.
| Equity value | $18.09B |
| Debt barrier (short-term + ½ long-term debt) | $2.15B |
| Equity volatility (1 year) | 38.2% |
| Asset value / asset volatility (solved) | $20.15B / 34.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 65 bp spread prices in about 1.1% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 7.16 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in LEN's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 120 | $320.0M | 0 | — | 1 | $16K | 0 |
| 2026-06-30 | 951 | $19.75B | 29 | $431.9M | 29 | $370.1M | 0 |
| 2026-03-31 | 943 | $15.76B | 26 | $385.7M | 25 | $333.8M | 0 |
| 2025-12-31 | 983 | $21.44B | 33 | $347.1M | 30 | $396.7M | 0 |
| 2025-09-30 | 1,003 | $27.81B | 34 | $672.5M | 33 | $671.5M | 0 |
| 2025-06-30 | 950 | $25.63B | 36 | $563.9M | 30 | $479.6M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.