Lampert's RBS Partners Reduces Holdings, Gets Financial Exposure with Genworth (GNW)

Hedge fund titan Edward S. Lampert released the 13F for his RBS Partners, L.P. fund for the quarter ended June 30, 2010 after the close.

The value of the disclosed portfolio is down from $12.27 billion at June 30, 2010 to $7.56 billion at March 31, 2010, 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 Lampert moderately increased his stake in Genworth Financial, but exited some other financial positions with Wells Fargo and SLM Corp. Overall, his holdings didn't change too much, but he reduced market exposure overall.

Below a full summary of his notable moves:

Notable New Stakes:

• Genworth Financial, Inc. (NYSE: GNW) from 8,100,000 to 9,090,686 common shares.

Notable Lowered Stakes:

• Acxiom Corporation (Nasdaq: ACXM) from 1,000,000 to zero common shares.
  
• AutoNation Inc. (NYSE: AN) from 77,069,859 to 62,226,590 common shares.
  
• AutoZone (NYSE: AZN) from 19,291,196 to 13,536,713 common shares.
  
• Capital One Financial (NYSE: COF) from 9,142,892 to zero common shares.
  
• CIT Group, Inc. (NYSE: CIT) from 4,527,973 to 3,562,709 common shares.
  
• Citigroup Inc. (NYSE: C) from 31,250,000 to 24,591,616 common shares.
  
• Sears Holdings Corporation (Nasdaq: SHLD) from 61,408,850 to 48,179,755 common shares.
  
• SLM Corporation (NYSE: SLM) from 1,097,100 to zero common shares.
  
• Wells Fargo & Co. (NYSE: WFC) from 559,290 to zero common shares.

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