New York City -- A Tuesday report by the Wall Street Journal said that hedge fund billionaire and Sears Holding Corp. chairman Edward Lampert has reported holding a 5.8% stake in Gap Inc.
Lampert reported the stake in a 13G filing, or a filing for passive investors, with the Securities and Exchange Commission late Monday.
His ESL Partners company and affiliates reported beneficially holding 35 million common shares.
In a separate 13F filing, Lampert reported holding 2.8 million Gap shares as of Dec. 31, a new position. According to the WSJ report, any investors who manage more than $100 million are required to disclose most securities holdings within a month and a half of the end of a quarter.