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Lampert’s ESL Dumps Millions of Shares

The ESL Investments founder trimmed big positions in AutoNation and Sears Hometown and Outlet Stores to meet redemption requests, regulatory filings show.

Two entities controlled by hedge fund manager Edward Lampert have sold off big chunks of his firm’s main holdings to meet investors' requests for redemptions. ESL Investments founder Lampert has sold more than 11.1 million shares of AutoNation, bringing his total holdings down to about 38.8 million shares, or 32 percent

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