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Edward Lapmert Buys Genworth Financial Inc., Sells HSN, Inc., KB Home, Home Depot

August 22, 2009 | About:

Edward Lampert practiced value investing since very young age, and was wildly successful, especially with retailers. Now he is not only investing in other companies, he is also running real operations with Sears, something that Buffett never really did. This is his Q2 portfolio.

Edward Lampert sells HSN, Inc., KB Home during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, ESL Investments. Edward Lampert owns 14 stocks with a total value of $9.7 billion. These are the details of the buys and sells.

Added Positions: GNW,

Reduced Positions: FNM, HD,

Sold Out: HSNI, KBH,

For the details of Edward+Lampert's stock buys and sells, go to the Link Here

This is the sector weightings of Edward_Lampert's portfolio:

Financials 5% 5%
Consumer Services 94.5% 94.5%
Consumer Goods 0% 0%
Industrials 0.5% 0.5%


These are the top 5 holdings of Edward_Lampert

  1. Sears Holdings Corp. (SHLD) - 66,024,366 shares, 45.24% of the total portfolio
  2. AutoZone Inc. (AZO) - 20,912,867 shares, 32.55% of the total portfolio
  3. AutoNation Inc. (AN) - 79,721,834 shares, 14.25% of the total portfolio
  4. The Home Depot Inc. (HD) - 9,933,392 shares, 2.42% of the total portfolio
  5. Capital One Financial Corp. (COF) - 10,062,700 shares, 2.27% of the total portfolio


Added: Genworth Financial Inc. (GNW)

Edward Lampert added to his holdings in Genworth Financial Inc. by 27.76%. His purchase prices were between $2.15 and $6.82, with an estimated average price of $4.8. The impact to his portfolio due to this purchase was 0.23%. His holdings were 14,723,857 shares as of 06/30/2009.

Genworth Financial is a leading insurance company in the U.S. with an expanding international presence serving the life and lifestyle protection retirement income investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries independent producers and dedicated sales specialists. Genworth Financial Inc. has a market cap of $3.64 billion; its shares were traded at around $8.41 with a P/E ratio of 105.1 and P/S ratio of 0.3.

Reduced: Fannie Mae (FNM)

Edward Lampert reduced to his holdings in Fannie Mae by 24.67%. His sale prices were between $0.51 and $0.86, with an estimated average price of $0.7. The impact to his portfolio due to this sale was -0.03%. Edward Lampert still held 22,223,490 shares as of 06/30/2009.

Fannie Mae is the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is one of the nation's largest sources of financing for home mortgages. Fannie Mae is working to shrink the nation's homeownership gaps through an American Dream Commitment to increase homeownership rates and serve targeted American families by the end of the decade. (Company Press Release) Fannie Mae has a market cap of $1.33 billion; its shares were traded at around $1.2 . Fannie Mae had an annual average earning growth of 35.6% over the past 10 years.

Reduced: The Home Depot Inc. (HD)

Edward Lampert reduced to his holdings in The Home Depot Inc. by 44.12%. His sale prices were between $22.65 and $26.07, with an estimated average price of $24.5. The impact to his portfolio due to this sale was -1.07%. Edward Lampert still held 9,933,392 shares as of 06/30/2009.

Home Depot is the one of world's largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers as well as home improvement construction and building maintenance professionals. The Home Depot currently operates in the USA Canada Chile Puerto Rico and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager's Hardware in New Jersey. The Home Depot Inc. has a market cap of $46.84 billion; its shares were traded at around $27.5 with a P/E ratio of 16.3 and P/S ratio of 0.6. The dividend yield of The Home Depot Inc. stocks is 3.3%. The Home Depot Inc. had an annual average earning growth of 19.5% over the past 10 years. GuruFocus rated The Home Depot Inc. the business predictability rank of 5-star.

Sold Out: Hsn, Inc. (HSNI)

Edward Lampert sold out his holdings in Hsn, Inc.. His sale prices were between $5.73 and $11.79, with an estimated average price of $9.1.

HSNi owns and operates through its subsidiaries HSN a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts entertainment inspiration solutions tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates through its subsidiaries the Cornerstone Brands portfolio of catalogs and related websites including Frontgate Ballard Designs Garnet Hill Smith+Noble The Territory Ahead TravelSmith and Improvements as well as a limited number of retail stores. Hsn, Inc. has a market cap of $678.4 million; its shares were traded at around $12.04 with a P/E ratio of 15.5 and P/S ratio of 0.2.

Sold Out: Kb Home (KBH)

Edward Lampert sold out his holdings in Kb Home. His sale prices were between $13.36 and $18.25, with an estimated average price of $15.4.

KB Home is a builder of single-family homes with domestic operations in several western states and international operations in France. Domestically the company builds innovatively designed homes which cater primarily to first-time homebuyers generally in medium-sized developments close to major metropolitan areas. Internationally the company also builds commercial projects and high density residential properties such as condominium complexes. Kb Home has a market cap of $1.56 billion; its shares were traded at around $17.73 with and P/S ratio of 0.5. The dividend yield of Kb Home stocks is 1.4%.


Rating: 2.6/5 (12 votes)

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