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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
03/25/201409:41:12U.S. Hot Stocks: Hot Stocks to Watch
03/17/201410:33:10MARKET SNAPSHOT: U.S. Stocks Rally After Upbeat Data
02/28/201417:41:10Sears 'Actively Reviewing' Systems, No Information Yet Indicating...
02/27/201416:39:15MARKET SNAPSHOT: U.S. Stock Gains Push S&P 500 To Record
02/27/201413:13:06MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Eyes 1,850 Record
02/27/201410:58:13MARKET SNAPSHOT: U.S. Stocks Volatile; Yellen Speaks Before Senate
02/27/201409:36:24Hot Stocks: Hot Stocks to Watch
02/24/201411:20:09Supreme Court Rejects Challenge to Class-Action Lawsuits
01/29/201418:05:26Sears Canada Continues to Shed Jobs
01/15/201417:21:26Sears Canada Outsources Customer Contact Business to IBM
01/10/201416:53:29MARKET SNAPSHOT: S&P 500, Nasdaq End Higher, But Dow Drops
01/10/201410:59:37MARKET SNAPSHOT: U.S. Stocks Fluctuate After Poor Jobs Report
01/10/201410:13:02MARKET SNAPSHOT: U.S. Stocks Edge Higher After Jobs Report
12/06/201309:25:14U.S. Hot Stocks Futures: Hot Stocks to Watch
12/03/201319:10:13Sears CEO Lampert Reduces Stake in Retailer
11/25/201310:08:51CVS Names Helena Foulkes President of Pharmacy Unit
11/25/201308:04:46Al's Emporium: Happy Thanksgrabbing!
11/21/201308:00:10Sears Posts Wider 3rd-Quarter Loss
11/15/201309:17:55OZ Management LP 3Q 13F: Largest Sales
11/15/201309:13:37Maverick Capital Ltd. 3Q 13F: Largest Purchases

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