Highlights from 13F for Eddie Lampert's RBS Partners: Increased Exposure to Financials, Maintained Massive Holdings in Sears, AutoZone, AutoNation
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Yesterday after the close Hedge fund titan Eddie Lampert released the 13F for his RBS Partners, L.P. fund for the quarter ended December 31, 2009.
The value of the disclosed portfolio is up from $9.312 billion at September 30, 2009 to $11.034 billion at December 31, 2009, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.
During the quarter, Eddie greatly increased his exposure to the U.S. financial sector by investing in Bank of America, Wells Fargo, and CIT Group. It should be noted, however, that its is unclear if the shares of CIT were acquired in a debt-to-equity exchange after the company emerged from bankruptcy. He evened financial exposure out by reducing his position in SLM Corp. by 1,360,000 shares.
Below a full summary of his notable moves:
Notable New Stakes:
The value of the disclosed portfolio is up from $9.312 billion at September 30, 2009 to $11.034 billion at December 31, 2009, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.
During the quarter, Eddie greatly increased his exposure to the U.S. financial sector by investing in Bank of America, Wells Fargo, and CIT Group. It should be noted, however, that its is unclear if the shares of CIT were acquired in a debt-to-equity exchange after the company emerged from bankruptcy. He evened financial exposure out by reducing his position in SLM Corp. by 1,360,000 shares.
Below a full summary of his notable moves:
Notable New Stakes:
- Bank of America (NYSE: BAC) to 453,512 shares
- CIT Group, Inc. (NYSE: CIT) to 4,527,973 shares
- Wells Fargo & Co. (NYSE: WFC) to 1,500,000 shares
- AutoNation, Inc. (NYSE: AN) at 79,721,834 shares NOTE: since the end of the year, Lampert lowered his stake in AutoNation by about 2.73 million shares, disclosed in a Form 4 on Jan. 11
- AutoZone, Inc. (NYSE: AZO) at 20,164,506 shares
- Genworth Financial, Inc. (NYSE: GNW) at 8,775,684 shares
- Sears Holdings Corp. (NASDAQ: SHLD) at 66,024,366 shares NOTE: since the end of the year, Lampert has trimmed the stake by about 3.98 million shares, disclosed in a Form 4 on Jan. 11
- Acxiom Corp. (NASDAQ: ACXM) down to 2,507,750 from 2,916,856 prior
- Capital One Financial Corp. (NYSE: COF) down to 9,615,000 from 9,800,000 prior
- SLM Corp. (NYSE: SLM) down to 2,890,810 from 4,250,000 prior
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