Edward Lampert (Trades, Portfolio) is the largest shareholder of Sears Holdings Corp (NASDAQ:SHLD), with a stake of 26.44 million shares in the first quarter of 2015 valued at $1.09 billion. The second-largest shareholder is Bruce Berkowitz (Trades, Portfolio), the founder and the managing member of the Fairholme Fund (Trades, Portfolio). Lampert reported decreasing his stake in the stock in the first quarter. Berkowitz cut his stake by 3% on the quarter to 25.99 million shares held as of the end of March 2015. The fund initiated a position more than five years ago, and during 2014, Berkowitz added the stake to reach 26,545,273 million shares at the end of the fourth quarter of 2014, worth $875.46 million.
Sears Holdings Corp’s shares lost 29.23% in a year-to-date basis, and during the past 12 months, the loss was higher at 37.38%. Continue Reading »