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Gates discloses 10 percent stake in AutoNation

Microsoft Chairman Bill Gates has taken a 10 percent stake in car retailer AutoNation Inc., according to a regulatory filing Friday.

Gates’ investment firm, Cascade Investment LLC, owns 9.4 million shares, or 5.3 percent, and the Bill and Melinda Gates Foundation Trust holds 8.3 million shares, or 4.7 percent, according to the filing with the Securities and Exchange Commission.

In July, Gates disclosed a 5.5 percent stake in AutoNation, also through Cascade and his foundation trust, which together at the time held 9.9 million shares.

Investors who own more than 5 percent of a publicly traded company are required to disclose their investment.

AutoNation’s largest shareholder is billionaire investor Edward S. Lampert, who has been buying up shares since April and disclosed last week that his entities control about 45 percent of the Fort Lauderdale, Fla., company’s outstanding stock.

AutoNation shares rose 20 cents, or 3.2 percent, on Friday to close at $6.45. They have slumped since the middle of last year and have traded between $3.97 and $17.50 over the past 52 weeks.

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