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Eddie Lampert is an investor and founder of ESL Investments. In his flagship, RBS Partners, he has stock holdings in an amount of $10.1 billion under management. Within the second quarter of the year, Lampert has increased three stock positions and initiated a new position. Wells Fargo (NYSE:WFC) and Gap (NYSE:GPS) are the buys with the biggest change to the portfolio. He sold out no companies and reduced three stock positions of which AutoZone (NYSE:AZO) was the position with the largest influence for the portfolio. Here are the biggest portfolio-weighted buys and sells.

Buys

Wells Fargo was newly initiated. Total change to portfolio: 1.28 percent.

Gap was increased by 12.13 percent. Total change to portfolio: 0.59 percent.

CIT Group (NYSE:CIT) was increased by 29.51 percent. Total change to portfolio: 0.53 percent.

Sells

AutoZone was reduced by 10.55 percent. Total change to portfolio: 3.24 percent.

Capital One Financial (NYSE:COF) was reduced by 14.84 percent. Total change to portfolio: 0.56 percent.

Seagate Technology (NASDAQ:STX) was reduced by 9.42 percent. Total change to portfolio: 0.12 percent.

Lampert's biggest sector allocation is focused on consumer discretionary (89.78 percent), financials (7.91 percent) and information technology (1.16 percent).

Here are Lampert's biggest portfolio holdings as of Q2/2011 with fundamental details:

Sears Holdings (NASDAQ:SHLD) is acting within the department stores industry. The company has a market capitalization of $6.4 billion, generates revenues in an amount of $42.9 billion and a net loss of $160.0 million. It follows P/E ratio and forward P/E ratio are not calculable. Price/Sales is 0.2 and Price/Book ratio 0.8. The company never paid dividends. Portfolio weighting: 33.95 percent.

AutoZone is acting within the auto parts stores industry. The company has a market capitalization of $12.8 billion, generates revenues in an amount of $7.9 billion and a net income of $816.4 million. It follows P/E ratio is 17.0 and forward price to earnings ratio 13.9, Price/Sales 1.6 and Price/Book ratio is not calculable due to a negative book value of 27.0.The company never paid dividends. Portfolio weighting: 27.51 percent.

AutoNation (NYSE:AN) is acting within an auto dealerships industry. The company has a market capitalization of $6.0 billion, generates revenues in an amount of $13.2 billion and a net income of $270.1 million. It follows P/E ratio is 22.9 and forward price to earnings ratio 19.0, Price/Sales ratio is 0.5 and Price/Book ratio 2.8. The company never paid dividends. Portfolio weighting: 22.47 percent.

Source: Analysis Of Eddie Lampert's Q2-2011 Fund Portfolio