Edward Lampert
Lampert is often viewed as a value investor and his investment style is frequently described as "concentrated value". For example, at the quarter ended September 30, 2007, RBS Partners held positions in only six different companies: AutoNation (NYSE: AN), AutoZone (NYSE: AZO), Citigroup (NYSE: C), Clear Channel Communications (NYSE: CCU), Home Depot (NYSE: HD), and Sears Holdings. Despite a relatively narrow range of positions, Lampert has results to back-up his investments: since he started ESL Investments in 1988, Lampert has returned about 29% annually to his investors.
In 2004, Eddie Lampert grossed approximately $1.02 billion, making him the first Wall Street manager to exceed the $1 billion mark in regards to annual income. In 2006 and 2007, it was estimated that Mr. Lampert was worth about $3.8 and $4.5 billion, respectively.
2007 and 2008 have been rough for Lampert as Sears Holdings (Nasdaq: SHLD) shares collapsed and bets in Citigroup (NYSE: C) and other stocks have not paid off.
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AutoNation Names Carl Liebert as New CEO and President
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Form 4 AUTONATION, INC. For: Jan 04 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Jul 16 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Jul 15 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Jul 01 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Jun 18 Filed by: RBS PARTNERS, L.P.
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Form 4 AUTONATION, INC. For: Jun 17 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Jun 09 Filed by: RBS PARTNERS, L.P.
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Form 4 AUTONATION, INC. For: May 19 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: May 12 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: May 08 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: May 05 Filed by: RBS PARTNERS, L.P.
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Form 4 AUTONATION, INC. For: Apr 23 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Sep 04 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Jul 31 Filed by: ESL INVESTMENTS, INC.
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Form 4 AUTONATION, INC. For: Jul 22 Filed by: ESL INVESTMENTS, INC.
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Lampert's RBS Partners Raises iStar Financial (SFI), Cuts Nearly Everything Else; All Out of Cisco (CSCO) and Wells Fargo (WFC)
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KeyBanc Starts AutoNation Inc. (AN) at Hold; Best-in-Breed, But Valuation Concerns
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Lampert's RBS Partners Reduces Holdings, Gets Financial Exposure with Genworth (GNW)
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Eddie Lampert's RBS Maintains Stakes in Citi, CIT, Reduces Exposure to Other Financials, Takes a Little Sears Off the Table
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Highlights from 13F for Eddie Lampert's RBS Partners: Increased Exposure to Financials, Maintained Massive Holdings in Sears, AutoZone, AutoNation
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AutoNation (AN) FIles 8-K Regarding Toyota's (TM) Agreement with ESL Investments
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Bill Gates' Cascade Lifts Stake In AutoNation (AN), Changes Filing Status to 13D
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Bill Gates' Investment Groups Boosts Stake in AutoNation (AN) to 10%
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Lampert's RBS Partners Adds to Stakes in AutoNation (AN), AutoZone (AZO), Pares Stakes in Home Depot (HD), Centex (CTX) and KB Home (KBH)
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Lampert Shows New Stakes in CIT, KB Home, PHH, SLM; Raises Stake in Home Depot, AutoNation
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Summary of Eddie Lampert's RBS Partners 13F: Shows Stake in Acxiom (ACXM), Boosts AutoNation (AN), Lowers Citigroup (C)