Edward Lampert Receives Some Sears Holdings Corp (SHLD) Shares

Edward S. Lampert and his fund ESL Investments have received around 7,200 shares of Sears Holdings Corp (NASDAQ:SHLD). Overall, ESL Investments holds currently a total of 51.56 million shares of the company. The value of the stock amounts to $2.38 billion, at the current stock price of the company.


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. Overall, ESL currently owns 48.4% of the company’s common stock.

Mr. Lampert is the CEO of Sears Holdings Corp (NASDAQ:SHLD), as well as the largest shareholders. The shares received by Mr. Lampert represent shares of restricted stock granted to him under the Sears Holdings’ Stock Plan.

Sears Holdings Corp (NASDAQ:SHLD) is a retailer that operates several thousand stores on the territory of the United States. At the beginning of December, Sears Holdings launched the spin off of its Lands’ End business. The company plans to separate the Lands’ End through a pro rata distribution of all of the shares of the common stock of Lands’ End.

Also, in December, Sears added Cesar L. Alvarez to its board of directors. Mr. Alvarez is the co-chairman of the international law firm of Greenberg Traurig.

Aside from ESL, another major shareholder of Sears Holdings Corp (NASDAQ:SHLD) is Fairholme, led by Bruce Berkowitz. In its latest 13F, Fairholme reported holding some 20.76 million shares of the company. Murray Stahl’s Horizon Asset Management owns a less significant long position in the company, which amasses around 3.54 million shares.

Aside from Sears Holdings Corp (NASDAQ:SHLD), which is the largest holding in ESL’s equity portfolio, the fund also owns a big position in AutoNation, Inc. (NYSE:AN). In December, the fund sold approximately 517,900 shares of common stock, trimming the holding to 30.5 million shares.

Disclosure: none

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