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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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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FBR Capital Comments On Lampert's AutoZone (AZO) Sales
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AutoZone (AZO) Largest Holder Eddie Lampert's Trims 450K Shares
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ARGUS Maintains 'Hold' on AutoZone (AZO), Saying Buyback No Replacement For Organic Growth
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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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AutoZone (AZO) Raises Buyback By $500M, Enters Agreement With Major Holder ESL
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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)
