Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Insider Trading: Edward Lampert’s ESL Investments Sold Some $AZO

Edward Lampert’s ESL Investments continued selling its activist stake in Autozone Inc. (AZO). According to the Form 4 filing on October 13th, Edward Lampert made 22 insider sales against AZO since October 11th, at the price near $328 per share. This is the sixth time Edward Lampert sold AZO in the third quarter. Based on ESL Partners’ 13D filing on October 14th, Edward Lampert’s ESL Investments now have 11.63 million shares in AZO, corresponding to a 29% stake beneficial ownership. Since ESL Investments reported 9.46 million AZO shares in its last 13F filing, the firm still has a significantly larger position than it did in the second quarter.


In the second quarter, totally twenty nine hedge funds had AZO in their portfolios. Beside ESL Investments’ extremely large position, other hedge funds only had a few hundreds of thousand shares. Among them Louis Navellier had 223 thousand shares, and D. E. Shaw had 185 thousand shares.

Edward S. Lampert is chairman of Sears Holdings Corporation (SHLD) and founder, chairman and CEO of ESL Investments. He’s a couple of years shy of 50 and has an undergrad degree from Yale. Lampert is also an ex-Goldman Sachs analyst, like Farallon’s Thomas Steyer. 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. (see the rest of the entry)

Autozone Inc. is an automotive replacement parts and accessories retailer and distributor. The company offers products for cars, SUVs, vans, and pickups, including new and remanufactured parts, maintenance items, accessories, and non-automotive products. The company sells its products through Website and stores. It operated 4,476 stores in United States and 261 stores in Mexico as of May 2011. Autozone Inc. was founded in 1979 and is headquartered in Memphis, Tennessee.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!