By  on August 15, 2011

RBS Partners, a fund affiliated with Sears Holdings Corp. chairman Edward S. Lampert, boosted its stake in Gap Inc. by 3.3 million shares during the quarter ended June 30. RBS now holds 30.4 million shares of Gap, or 5.5 percent of the company, which was valued at $498.8 million as of Monday’s close.

In February, funds affiliated with Lampert held 35 million shares of the retailer, but it is not clear how that larger stake has changed in recent months. Lampert — the force behind the combination of Sears and Kmart — has been silent on his intentions toward Gap and RBS could not be reached for comment Monday.

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