UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
LENNAR CORPORATION
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(Name of Issuer)
Class A Common Stock, par value $0.10 per share
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(Title of Class of Securities)
526057 10 4
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(CUSIP Number)
May 20th, 2010
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 Pages
CUSIP No. 526057302
1 Name of Reporting Person: Taube Hodson Stonex Partners LLP
I.R.S. Identification No. of above person (entities only): Not Applicable
2 Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ]
(b) [X]
3 SEC Use Only
4 Citizenship or Place of Organization: England
NUMBER OF 5 Sole Voting Power: 8,282,270
SHARES
BENEFICIALLY 6 Shared Voting Power: -0-
OWNED BY
EACH 7 Sole Dispositive Power: 8,282,270 shares
REPORTING
PERSON 8 Shared Dispositive Power: -0-
WITH
9 Aggregate Amount Beneficially Owned by Each Reporting Person:
8,282,270 shares
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions): [ ]
11 Percent of Class Represented by Amount in Row (9): 5.39 %*
12 Type of Reporting Person: FI
* Based on the Issuer's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2010 as of April 9, 2010 there were 153,634,729 shares of common
stock outstanding.
Page 2 of 5 Pages
Item 1.
(a) Name of Issuer: Lennar Corporation
(b) Address of Issuer's Principal Executive Offices:
700 NW 107th Avenue, Suite 400
Miami, Florida 33172
Item 2.
(a) Name of Person Filing: Taube Hodson Stonex Partners LLP
(b) Address of Principal Business Office
or, if none, Residence: Cassini House 1st Floor
57-59 St. James's Street
London, SW1A 1LD
England
(c) Citizenship: England
(d) Title of Class of Securities: Class A Common Stock, par value $0.10 per
share
(e) CUSIP Number: 526057 10 4
Item 3.
If this statement is filed pursuant to ss.240.13d-1(b) or ss.240.13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
(d) [ ] Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);
Page 3 of 5 Pages
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded form the definition of an investment
company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3);
(j) [X] A non-U.S. institution in accordance with ss.240.13d-1(b)(1)(ii)(J);
(k) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(K). If filing as a
non-U.S. institution in accordance with ss.240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 8,282,270 shares
(b) Percent of class: 5.39%
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote: 8,282,270 shares
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
8,282,270 shares
(iv) shared power to dispose or to direct the disposition of: -0-
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following. [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Page 4 of 5 Pages
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Iem 10. Certification
By signing below the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect. Further, to the best of the undersigned's knowledge and belief, the
foreign regulatory scheme applicable to the undersigned as an investment manager
regulated by the Financial Services Authority in the UK is substantially
comparable to the regulatory scheme applicable to the functionally equivalent
U.S. institution. The undersigned also undertakes to furnish to the Commission
staff, upon request, information that would otherwise be disclosed in a Schedule
13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: May 20th, 2010 TAUBE HODSON STONEX PARTNERS LLP
By: /s/Kim van Tonder
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Kim van Tonder - Head of Compliance
Page 5 of 5 Pages