Edward Lampert Buys Citigroup Inc., Clear Channel Communications, Motorola Inc.

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May 16, 2007
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Edward Lampart, billionaire Hedge Fund manager and Chairman of Sears Holdings, invests with a concentrated portfolio, similar to his mentor Warren Buffett. These are the details of the buys and sells during the first quarter.


Edward Lampert buys Citigroup Inc., Clear Channel Communications, Motorola Inc. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, ESL Investments. Edward Lampert owns 6 stocks with a total value of $16.5 billion. These are the details of the buys and sells.





New Purchases: CCU, MOT,


Added Positions: C,





Added: Citigroup Inc. (C, Financial)


Edward Lampert added to his holdings in Banks company Citigroup Inc. by 40.3%. The impact to his portfolio due to this purchase was 1.36%. His holdings were 15,244,168 shares as of 03/31/2007. Shares of Citigroup Inc. were traded at around $54.91.


Lampert initiated his holdings in Citigroup during the first quarter of 2006 with 1,736,400 shares. He added into this position during the follow quarters. As of 3/31/2007, he holds more than 15 million shares, valued at more than $780 million.






New Purchase: Clear Channel Communications (CCU, Financial)


Edward Lampert initiated holdings in Broadcasting & Entertainment company Clear Channel Communications Inc. The impact to his portfolio due to this purchase was 0.19%. His holdings were 881,100 shares as of 03/31/2007. Shares of Clear Channel Communications Inc were traded at around $37.9.


New Purchase: Motorola Inc. (MOT, Financial)


Edward Lampert initiated holdings in Telecom Equipment company Motorola Inc.. The impact to his portfolio due to this purchase was 0.1%. His holdings were 925,000 shares as of 03/31/2007. Shares of Motorola Inc. were traded at around $18.22.