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.

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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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