Tracking Leon Cooperman’s Omega Advisors Portfolio – Q2 2017 Update

• Leon Cooperman’s 13F portfolio value decreased from $2.48B to $2.4B this quarter.
• Omega Advisors increased Microsoft & Ball Corp. while dropping Walgreens Boots Alliance.
• Alphabet, First Data Corp., and United Continental are the largest three individual stock positions.

Leon Cooperman’s US long portfolio value decreased ~4% from $2.48B to $2.4B this quarter. Although the 13F report has ~70 positions, the portfolio is concentrated with the top five holdings accounting for almost a quarter of the entire portfolio: Alphabet Inc. (GOOG), First Data (FDC), United Continental (UAL), AerCap Holdings (AER), and Dow Chemical (DOW).

Below is a summary:

Alphabet Inc. (GOOG): GOOG is now the largest 13F positon at 6.16% of the portfolio. The bulk of the original stake was purchased in Q2 & Q3 2015 at prices between $530 and $675. It had since been sold down. Last quarter saw a ~15% increase at prices between $787 and $852. The stock is now at $939.

Dow Chemical (DOW): DOW is a 3.60% of the US long portfolio stake. The bulk of the position was purchased in Q1 2015 at prices between $44 and $53. Q2 2016 saw a ~10% trimming and that was followed with another ~20% selling the following quarter at prices between $48 and $54. The stock currently trades at $66.65. There was a marginal increase this quarter.

Below is a spreadsheet that shows the changes to Leon Cooperman's Omega Advisors US long portfolio holdings as of Q2 2017. For a look at how the portfolio has progressed, see our previous update:

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