From FNNO.com, This is the financial news network. I’m Kimberly Odom. Billionaire investor Carlos Slim Helú sold 1.5 million shares of Saks Inc. this week bringing his stake down to 25 million shares.According to filings with the Securities and Exchange Commission, the series of sales started early on Wednesday. The shares sold for around $11.75 each.The shares were acquired by Slim through his Mexican trust fund. In afternoon trading, Saks’ shares finished down over 1% to $11.66. At 25 million shares, Slim’s Saks holding is worth nearly $288.8 million.Even after selling, Slim is still Saks’ single-largest shareholder. Behind Carlos is Diego Della Valle, Tod’s SpA chairman and chief executive officer. Valle’s stake totals 22.7 million shares.For more coverage and analysis of the business world follow us on twitter @FNNonline or check out our website at fnno.com.