"Classic value investing" makes a comeback? As the U.S. housing market comes under pressure, Berkshire adds to its position in homebuilder Lennar (LEN.US) against the trend.

Zhito Finance APP has learned, according to a securities filing, that Berkshire Hathaway (BRK.B.US) has made a major purchase of troubled homebuilder Lennar (LEN.US), with its stake approaching 10%. According to a CFRA analyst, this position is a "classic" value investment. U.S. securities filings show that over the three trading days ending Monday, Berkshire Hathaway bought nearly 2.7 million Class A shares of Lennar, bringing its holdings to 23.7 million shares, valued at $1.8 billion. The Omaha-based conglomerate also holds 528,000 Class B shares of Lennar each Class B share carries 10 times the voting power of a Class A share.