Legg Mason sells rest of Sears Holdings stake

By Dow Jones Newswires
Posted Nov. 15, 2010 at 5:15 p.m.

Legg Mason Capital Management Inc. sold its remaining position in retailer Sears Holdings Corp. during the third quarter, according to a Monday filing with the Securities and Exchange Commission, ending the ownership of erstwhile Sears believer Bill Miller.

Legg Mason, on behalf of the funds it owns, including those run by legendary mutual-fund manager Miller, reported no Sears stock at the end of September, according to the 13F-HR filing, down from over 2.8 million Sears shares at the end of June.

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One comment:

  1. Bill Vaughn Nov. 15, 2010 at 9:22 pm

    I didnt even know Jimmy Buffett owned stock in Carmax and Home Depot.