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Lampert Reports Little Change in Sears Stake, No Cisco, Wells Fargo Stakes

By Steven D. Jones DOW JONES NEWSWIRES Hedge fund billionaire and Sears Holding Corp. (SHLD) Chairman Edward Lampert's RBS Partners reported a modest reduction in his stake in the department store company, as well as no longer holding shares of Cisco Systems Inc. (CSCO) or Wells Fargo & Co. (WFC). RBS, known for large bets on the stocks of a small number of companies, reported its holding of Sears shares had dropped by 148,600 shares, or 0.3%. RBS Partners held slightly more than 48 million shares in Sears at year end, down from 48.2 million reported in the third quarter. Overall, the value of stocks reported by RBS Partners fell to $5.7 billion, from $9.1 billion three months earlier. The change in RBS's holdings was reported in a Securities and Exchange Commission filing on Tuesday. Many investors who manage more than $100 million are required to disclose most securities holdings within a month and a half of the end of a quarter. The filings, known as 13-Fs, give the public a relatively fresh look at the portfolios of well-known investors. The biggest change to Lampert's portfolio since the September report was the absence of holdings of Cisco and Wells Fargo. Three months earlier Lampert reported holding 7.5 million shares of Cisco and 4.6 million shares of Wells Fargo. Lampert holds large positions in Sears, AutoNation Inc. (AN) and Gap Inc. (GPS). He reported reduced stakes of AutoZone Inc. (AZO), Seagate Technology Inc. (STX) and Capital One Financial Corp. (COF). The hedge-fund manager created Sears Holding in 2005 by merging Sears and Kmart. Sears shares were unchanged in after-hours trading after moving up 3.3% to $48.77 during the regular session. Lampert, who serves as Sears chairman and whose investment company controls Sears, has closed 171 full-size Sears stores since the merger and his Web initiatives and branding ventures have failed to make up for the revenue losses of its shrinking store empire. -By Steven D. Jones, Dow Jones Newswires, 360-834-1865, steve-d.jones@dowjones.com

Stock News for Sears (SHLD)
DateTimeHeadline
08/26/201617:18:25Amended Statement of Beneficial Ownership (sc 13d/a)
08/25/201609:45:00U.S. Hot Stocks: Hot Stocks to Watch
08/25/201608:00:00Sears Posts Loss as Revenue Slides
08/25/201606:10:06Quarterly Report (10-q)
08/25/201606:05:46Current Report Filing (8-k)
08/25/201606:00:00Sears Holdings Reports Second Quarter 2016 Results
08/23/201606:00:00Sears to Launch "Showcase" Collection of International Apparel...
08/16/201617:40:00Barnes & Noble Says CEO Boire 'Not a Good Fit' and Will Step...
08/15/201618:07:25Statement of Changes in Beneficial Ownership (4)
08/12/201612:31:00Judge to Review Top Bid for Zelenka Farms -- Week Ahead
08/12/201609:54:00Sears Holdings To Announce Financial Results
08/02/201619:31:32Statement of Changes in Beneficial Ownership (4)
07/26/201610:28:00Sears Launches New Denim Lines, Sends Kids Back To School in...
07/19/201608:00:00Ready, Set, Go: The Race to Back-to-School is on at Kmart
07/18/201617:06:00Starbucks Widens Workers' Health-Insurance Options -- Update
07/18/201615:50:44Confidential Treatment Order (ct Order)
07/15/201608:00:00Kmart Alley-Oops to Risewear™, Launches New Sport Shoe and A...
07/14/201616:30:00Sealy and Sears Surprise Select Group of New Homeowners with...
07/12/201611:24:00Correction to Mall Owners Article
07/12/201600:01:00Kmart Donates $250,000 to March of Dimes for Zika Prevention

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