Eddie Lampert's Hedge Fund Buys CSCO, GPS, STX, HRB, COF, Sells Citigroup

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Feb 15, 2011
Sears chairman, hedge fund manager Eddie Lampert reported his 4th quarter portfolio. As of 12/31/2010, ESL Investments owns 10 stocks with a total value of $9.2 billion. These are the details of the buys and sells. Lampert was once the hottest hedge fund manager on the earth. He made a fortune by buying K-Mart’s debt. K-Mart eventually merged with Sears and Lampert became chairman of the company. The recovery of Sears was never smooth as the retailer loses market shares. Lampert is not as hot any more on Wall Street.

Edward Lampert buys Cisco Systems Inc., Gap Inc., Seagate Technology, Capital One Financial, H&r Block Inc., sells Citigroup Inc. during the 3-months ended 12/31/2010, according to the most recent filings of his investment company, ESL Investments.

This is the portfolio chart of Edward Lampert. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Edward Lampert's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Edward+Lampert

This is the sector weightings of his portfolio:

Consumer Services

91.2%

Financials

6.7%

Technology

2%



These are the top 5 holdings of Edward Lampert

  1. Sears Holdings Corp. (SHLD) - 48,179,755 shares, 38.42% of the total portfolio.
  2. AUTOZONE INC. (AZO) - 11,230,071 shares, 33.1% of the total portfolio. Shares reduced by 10.37%
  3. AUTONATION INC. (AN) - 62,226,590 shares, 18.97% of the total portfolio.
  4. CAPITAL ONE FINANCIAL (COF) - 7,366,150 shares, 3.39% of the total portfolio. Shares added by 3.85%
  5. CIT GROUP INC. NEW (CIT) - 3,562,709 shares, 1.81% of the total portfolio.


Added: Capital One Financial (COF, Financial)

Edward Lampert added to his holdings in Capital One Financial by 3.85%. His purchase prices were between $36.55 and $42.78, with an estimated average price of $39.44. The impact to his portfolio due to this purchase was 0.13%. His holdings were 7,366,150 shares as of 12/31/2010.

Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial has a market cap of $24.11 billion; its shares were traded at around $52.76 with a P/E ratio of 7.9 and P/S ratio of 1.3. The dividend yield of Capital One Financial stocks is 0.4%.

New Purchase: Cisco Systems Inc. (CSCO, Financial)

Edward Lampert initiated holdings in Cisco Systems Inc.. His purchase prices were between $19.07 and $24.49, with an estimated average price of $21.26. The impact to his portfolio due to this purchase was 1.41%. His holdings were 6,439,720 shares as of 12/31/2010.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $104.26 billion; its shares were traded at around $18.81 with a P/E ratio of 13.2 and P/S ratio of 2.6. Cisco Systems Inc. had an annual average earning growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.

New Purchase: Gap Inc. (GPS, Financial)

Edward Lampert initiated holdings in Gap Inc.. His purchase prices were between $18.12 and $22.46, with an estimated average price of $20.29. The impact to his portfolio due to this purchase was 0.68%. His holdings were 2,838,256 shares as of 12/31/2010.

The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. Gap Inc. has a market cap of $13.19 billion; its shares were traded at around $21.47 with a P/E ratio of 11.9 and P/S ratio of 0.9. The dividend yield of Gap Inc. stocks is 1.9%. Gap Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Gap Inc. the business predictability rank of 2-star.

New Purchase: Seagate Technology (STX, Financial)

Edward Lampert initiated holdings in Seagate Technology. His purchase prices were between $11.48 and $15.92, with an estimated average price of $14.33. The impact to his portfolio due to this purchase was 0.63%. His holdings were 3,848,484 shares as of 12/31/2010.

Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate Technology has a market cap of $6.74 billion; its shares were traded at around $14.29 with a P/E ratio of 5.9 and P/S ratio of 0.6.

New Purchase: H&R Block Inc. (HRB, Financial)

Edward Lampert initiated holdings in H&r Block Inc.. His purchase prices were between $10.62 and $14.21, with an estimated average price of $12.44. The impact to his portfolio due to this purchase was 0.05%. His holdings were 399,783 shares as of 12/31/2010.

H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $4.03 billion; its shares were traded at around $13.2 with a P/E ratio of 8.5 and P/S ratio of 1. The dividend yield of H&r Block Inc. stocks is 4.5%.

Sold Out: Citigroup Inc. (C, Financial)

Edward Lampert sold out his holdings in Citigroup Inc.. His sale prices were between $3.95 and $4.81, with an estimated average price of $4.35.

Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $142.63 billion; its shares were traded at around $4.91 with a P/E ratio of 14 and P/S ratio of 1.7.