Billionaire Edward Lampert’s Latest Stock Moves

Edward Lampert’s ESL Investments, in its latest 13F, revealed its holdings for the fourth quarter of 2013. The value of the fund’s equity portfolio totaled $2.49 billion, down from $3.48 billion in the third quarter.

ESL INVESTMENTS

Lampert is the chairman and CEO of Sears Holdings Corp (NASDAQ:SHLD) and founder, chairman and CEO of ESL Investments. Lampert is also an ex-Goldman Sachs analyst. He started Connecticut-based ESL Investments in 1988 with $28 million. According to Forbes, he is ranked 316th on the list of the world’s richest people, with an estimated net worth of $3 billion.

In this piece we will discuss the positions revealed by ESL in its latest 13F.

The first one is Sears Holdings Corp (NASDAQ:SHLD), in which the fund owns 26.44 million shares, with a reported value of around $1.30 billion. The stake has been reduced significantly by almost 7.4 million shares during the October-December period.

On the second spot is AutoNation, Inc. (NYSE:AN), an automotive retailer in the United States, in which ESL trimmed its stake to 15.77 million shares, worth $783.38 million, from 19.44 million shares held at the end of the third quarter. At the beginning of the month, AutoNation, Inc. (NYSE:AN) announced that its total retail new vehicle unit sales in January this year were 19,434, compared to 19,351 in January 2013.

The third-largest holding is The Gap Inc. (NYSE:GPS), in which the fund owns 6.77 million shares, with a reported value of $264.73 million. The stake was slightly down from 6.59 shares disclosed at the end of the third quarter. The Gap Inc. (NYSE:GPS) is a global retailer, offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands.

Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), a spin-off of the aforementioned Sears Holdings Corp (NASDAQ:SHLD), is on the fourth spot. ESL reported holding 5.79 million shares, worth $147.55 million. The position remained unchanged over the quarter.

Disclosure: none

Recommended reading:

Mohnish Pabrai’s Top Stock Picks

Billionaire Steve Cohen’s Top Stock Picks

Billionaire Larry Robbins’ Top Stock Picks

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!