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What the Sears Real Estate Joint Venture Means For Mutual Fund Investors (SHLD, GGP)

Shauna O'Brien

|

Sears Holdings company logo
On Wednesday, Sears Holdings (SHLD) announced that it has entered into a real estate joint venture with General Growth Properties (GGP). Here’s what the news mean for mutual fund investors.

Inside the News

The two companies have entered into a real estate agreement that will help the struggling retailer raise $2.5 billion by selling top properties and then leasing them back from GGP.

The deal will include Sears selling 254 of its Sears and Kmart properties.

Wall Street Finally Sees Upside For Sears

The department store has struggled over the last few years, leaving many investors wondering if bankruptcy would be an eventual solution. On Wednesday, the company announced that it will entering the real estate venture, which sent shares skyrocketing.

If this venture is successful, Sears may be able to back a comeback.

Mutual Funds to Watch

Investors interested in SHLD may be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
FAIRX Fairholme 13.34%
FAAFX Fairholme Allocation 1.81%
VTSMX Vanguard Small Cap Index 0.45%

The Bottom Line

The funds listed above allow investors to gain exposure to SHLD while remaining diversified. Investors interested in SHLD may also be interested in Kohl’s (KSS).

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Sears Holdings company logo

What the Sears Real Estate Joint Venture Means For Mutual Fund Investors (SHLD, GGP)

Shauna O'Brien

|

On Wednesday, Sears Holdings (SHLD) announced that it has entered into a real estate joint venture with General Growth Properties (GGP). Here’s what the news mean for mutual fund investors.

Inside the News

The two companies have entered into a real estate agreement that will help the struggling retailer raise $2.5 billion by selling top properties and then leasing them back from GGP.

The deal will include Sears selling 254 of its Sears and Kmart properties.

Wall Street Finally Sees Upside For Sears

The department store has struggled over the last few years, leaving many investors wondering if bankruptcy would be an eventual solution. On Wednesday, the company announced that it will entering the real estate venture, which sent shares skyrocketing.

If this venture is successful, Sears may be able to back a comeback.

Mutual Funds to Watch

Investors interested in SHLD may be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
FAIRX Fairholme 13.34%
FAAFX Fairholme Allocation 1.81%
VTSMX Vanguard Small Cap Index 0.45%

The Bottom Line

The funds listed above allow investors to gain exposure to SHLD while remaining diversified. Investors interested in SHLD may also be interested in Kohl’s (KSS).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

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