This article says as of July 12th he was a 13.5% owner. Since then Sears has bought back shares and Eddie has not increased his position. He is now a 15% owner of the outstanding shares. It's odd that ESL, KPI and RBS have exactly the same amount of shares. Maybe Eddie is also involved in those companies and the stock is jointly held. Either way, he is not a 45% owner. If he was the total ownership would be over 100%. Add up all the percentages of the major holders. Just doing the math quickly, not exact I come up with about 176M. There are only 207.6M outstanding shares. These are the top holders and not all of them. That's 85%. The percentage of float held by institution and mutual funds is only listed at 78%.
I just looked again at the holders - RBS Partners LP is listed as an institutional holder - it is enmeshed in ESL and KMart Holding and holds another 31Mil -
ESL, KPI, and RBS each have 31Mil - from what I see, that is about 42% - I don't know how much Lampert in entwined with RBS and KPI, but his fingerprints are all over the place - Lacy is no where near the financial league Lampert resides - he probably spends what Lacy earns just on personal expenses - maids, gardners, maintenance, et al - I do not know how much Lampert really owns or by what means - but I am certainly open for being educated - I appreciate good information - I do not wish to remain a dolt about finance
How long has Eddie been a shareholder of AZO? The stock has gone no where is 3 years. Some ups and downs but the price is currently the same it was 3 years ago.
I know what you are referring to. All I am saying is these 31.1M might be held jointly. It's rather odd that the amount they hold is exactly the same. As I said every article I have read about Eddie and Sears refers to him as a 14-15% shareholder. I have not read anywhere where he is listed as a 30% shareholder.
click on the snap shot chart on the right side of this page - scroll down the left hand column and click on Major Holders - click on ESL and then click on KP I - Lampert rescued Auto Nation also
KPI and ESL are shown as both owning exactly 31.1M shares. I have heard Lampert is associated with KPI but I am not sure if this is his firm or exactly what the relationship is or how the shares are owned. Are the 31.1M owned jointly? I don't know but I think Eddies total ownership is 31.1M shares. Every article I have read regarding Eddie and Sears says he is a 14-15% shareholder. None that I recall have said he owns 30%.