- Edward Lampert’s 13F portfolio decreased from $1.13B to $1.02B this quarter.
- RBS Partners reduced IBM while adding two small stakes in Fossil Group and Seagate Technology.
- The largest three individual stock positions are Sears Holdings, AutoNation, and Lands End and they add up to ~71% of the portfolio.
Edward Lampert’s 13F portfolio decreased ~10% from $1.13B to
$1.02B this quarter. The portfolio is very concentrated with recent 13F reports
showing just ~10 stakes. The top five positions are Sears Holdings (SHLD),
AutoNation (AN), Lands’ End (LE), International Business Machines (IBM), and
Gap Inc. (GPS) and they add up to ~85% of the 13F portfolio.
Below is a look at the significant moves this quarter:
Fossil Group (FOSL)
& Seagate Technology (STX): These are small new stakes established this
quarter. FOSL was established at prices between $26.24 and $44.42 and the stock
is now at $27.34. STX was purchased at prices between $18.72 and $35 and it
currently trades at $35.95.
International
Business Machines (IBM): IBM is a top-five 8.49% of the portfolio position.
It was established in Q3 & Q4 2015 at prices between $132 and $173. This quarter
saw a ~11% trimming at prices between $143 and $155. The stock is now at $155.
Gap Inc. (GPS): GPS
is a top-five 7.15% of the portfolio stake established in Q2 & Q3 2015 at
prices between $28 and $43. This quarter saw a 5% further increase and the
stock currently trades at $23.18. For investors attempting to follow RBS
Partners, GPS is a good option to consider for further research.
Below is a spreadsheet that shows the changes to Edward
Lampert's RBS Partners US long portfolio holdings as of Q2 2016. For a look at
how the portfolio has progressed, see our previous update:
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