Lampert’s ESL Cuts AutoNation Stake, Despite Strong Performance

The hedge fund manager continues to trim his best holding, meaning his fortunes are tied more than ever to ailing retailer Sears.

Edward Lampert, ESL Investments

Edward Lampert continues to reduce his stake in his portfolio’s best-performing stock, causing his most volatile holding to potentially become a bigger share of his Bay Harbor, Florida–based hedge fund, ESL Investments.

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