While earlier this week I noted that billionaire investor Edward Lampert’s hedge fund ESL Partners LP has been actively increasing its stake in auto-retailer AutoNation Inc., Reuters shed some light on another fund of his, RBS Partners. Lampert reported the fund’s holdings as of March 31 in a filing with the U.S. Securities and Exchange Commission, which revealed RBS has a 6 million share stake in Sallie Mae, the largest U.S. student loan company.

In addition, Reuters’ Karey Wutkowski reported that the fund also owns stakes in commercial lender CIT Group Inc (3.9 million shares), mortgage and vehicle fleet company PHH Corp (1.4 million shares), and two home builders, Centex Corp (747,500 shares) and KB Home (605,000 shares).

Source:

“Lampert reports 6 mln share stake in Sallie Mae”
Karey Wutkowski
Reuters, May 15, 2008

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