Bruce Berkowitz’s Fairholme Capital Management Reports Stake in Sears Holdings Corp. (SHLD)

In its latest filing, Bruce Berkowitz‘s Fairholme Capital Management has reported ownership of 24.23 million shares of Sears Holdings Corp. (NASDAQ:SHLD). The stake amasses 22.8% and represents an increase from 20.76 million shares held by the fund at the end of the third quarter of 2013.

FAIRHOLME (FAIRX) Bruce Berkowitz

Sears Holdings Corp. (NASDAQ:SHLD) is an integrated retailer with almost 2,500 full-line and specialty retail stores in the United States and Canada and the home of Shop Your Way, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through ShopYourWay.com.

At the end of the third quarter of 2013, Edward Lampert’s Esl Investments owned 33.86 million shares of Sears Holdings Corp. (NASDAQ:SHLD), with a reported value of around $2.01 billion. In January, Mr. Lampert reported receiving around 7,200 shares of Sears Holdings Corp. (NASDAQ:SHLD), where he is the Chief Executive Officer.

Earlier, in December, ESL Investment reduced its stake in Sears Holdings Corp. (NASDAQ:SHLD) to some 51.6 million shares, from more than 55.9 million shares held earlier.

Earlier this month, Sears Holdings Corp. (NASDAQ:SHLD) announced the appointments of Norman Miller and Mark Panzer. Miller is joining the company as senior vice president and president, automotive. Mark Panzer was named as senior vice president and president, pharmacy.

Miller most recently served as president and COO of Dollar Financial Corp, while Panzer, previously, served as president and CEO of Pharmaca Integrative Pharmacy Inc.

Disclosure: none

Recommended reading:

Omega Advisors Raises its Stake in New Residential Investment Corp (NRZ)

Ken Griffin’s Citadel Investment Boosts Its Stake in Beazer Homes USA Inc. (BZH)

Roumell Asset Management Dumps Tecumseh Products Company (TECUA)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

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!