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Sears’ Eddie Lampert Buys More Retailers, Sells H&R Block

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Renowned hedge fund manager, Sears chairman Edward Lampert reported his first quarter portfolio. He buys Gap Inc., Seagate Technology, Big Lots Inc., CIT Group Inc., Cisco Systems Inc., sells H&R Block Inc. during the 3-months ended 03/31/2011, according to the most recent filings of his investment company, ESL Investments. As of 03/31/2011, ESL Investments owns 10 stocks with a total value of $10.7 billion. These are the details of the buys and sells.

This is the portfolio chart of Edward Lampert. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Edward Lampert's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Edward+Lampert

This is the sector weightings of his portfolio:

Consumer Services 91.2%
Financials 6.6%
Technology 2.2%


These are the top 5 holdings of Edward Lampert

  1. Sears Holdings Corp. (SHLD) - 48,179,755 shares, 37.25% of the total portfolio.
  2. AUTOZONE INC. (AZO) - 10,574,406 shares, 27.06% of the total portfolio. Shares reduced by 5.84%
  3. AUTONATION INC. (AN) - 62,226,590 shares, 20.59% of the total portfolio.
  4. GAP INC. (GPS) - 27,075,997 shares, 5.74% of the total portfolio. Shares added by 853.97%
  5. CAPITAL ONE FINANCIAL (COF) - 7,343,672 shares, 3.57% of the total portfolio. Shares reduced by 0.31%


Added: Gap Inc. (GPS)

Edward Lampert added to his holdings in Gap Inc. by 853.97%. His purchase prices were between $19.03 and $23.05, with an estimated average price of $21.3. The impact to his portfolio due to this purchase was 5.14%. His holdings were 27,075,997 shares as of 03/31/2011.

The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. Gap Inc. has a market cap of $13.37 billion; its shares were traded at around $22.95 with a P/E ratio of 12.1 and P/S ratio of 0.9. The dividend yield of Gap Inc. stocks is 2%. Gap Inc. had an annual average earnings growth of 15.4% over the past 10 years. GuruFocus rated Gap Inc. the business predictability rank of 3.5-star.

Added: Seagate Technology (STX)

Edward Lampert added to his holdings in Seagate Technology by 106.68%. His purchase prices were between $12.29 and $15.03, with an estimated average price of $13.83. The impact to his portfolio due to this purchase was 0.55%. His holdings were 7,954,003 shares as of 03/31/2011.

Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate Technology has a market cap of $7.56 billion; its shares were traded at around $16.7 with a P/E ratio of 10.1 and P/S ratio of 0.7. The dividend yield of Seagate Technology stocks is 4.3%.

Added: Cit Group Inc. New (CIT)

Edward Lampert added to his holdings in Cit Group Inc. New by 16.38%. His purchase prices were between $41.82 and $49.01, with an estimated average price of $45.21. The impact to his portfolio due to this purchase was 0.23%. His holdings were 4,146,238 shares as of 03/31/2011.

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. New has a market cap of $8.53 billion; its shares were traded at around $42.57 with a P/E ratio of 20.6 and P/S ratio of 1.3.

Added: Cisco Systems Inc. (CSCO)

Edward Lampert added to his holdings in Cisco Systems Inc. by 13.57%. His purchase prices were between $17 and $22.05, with an estimated average price of $19.5. The impact to his portfolio due to this purchase was 0.14%. His holdings were 7,313,484 shares as of 03/31/2011.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $91.76 billion; its shares were traded at around $16.6 with a P/E ratio of 11.6 and P/S ratio of 2.3. The dividend yield of Cisco Systems Inc. stocks is 1.4%. Cisco Systems Inc. had an annual average earnings growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.

New Purchase: Big Lots Inc. (BIG)

Edward Lampert initiated holdings in Big Lots Inc.. His purchase prices were between $30.41 and $43.59, with an estimated average price of $37.56. The impact to his portfolio due to this purchase was 0.53%. His holdings were 1,300,105 shares as of 03/31/2011.

Consolidated Stores Corp. is one of the value retailers specializing in closeout merchandise and toys. Big Lots Inc. has a market cap of $2.86 billion; its shares were traded at around $38.02 with a P/E ratio of 13.3 and P/S ratio of 0.6. Big Lots Inc. had an annual average earnings growth of 33.2% over the past 5 years.

Sold Out: H&r Block Inc. (HRB)

Edward Lampert sold out his holdings in H&r Block Inc.. His sale prices were between $11.91 and $16.8, with an estimated average price of $14.13.

H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $4.84 billion; its shares were traded at around $15.87 with a P/E ratio of 10.9 and P/S ratio of 1.3. The dividend yield of H&r Block Inc. stocks is 3.8%.


Rating: 2.9/5 (15 votes)

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