Billionaire investor and Sears Holdings Corp. Chairman Edward Lampert acquired shares of two homebuilders and a mortgage lender during the first quarter and added a 6-million-share stake in student lender SLM Corp., according to a quarterly regulatory filing.
Funds controlled by Lampert now own 1.4 million shares of PHH Corp., which makes mortgage loans, collects loan payments for other lenders and runs a truck rental company. He also reported holding 747,600 shares of homebuilder Centex Corp. and 605,000 shares of KB Home, another homebuilder.
In addition, Lampert reported owning 3.9 million shares of financial services firm CIT Group Inc. and 6 million shares of SLM Corp., commonly known as Sallie Mae, the nation's largest student lender.
Lampert boosted his stake in Home Depot Inc. to 22.8 million. The investor also raised his stake in AutoNation Inc. during the first quarter and has continued to boost his interest in recent weeks.
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