Tracking Leon Cooperman’s Omega Advisors Portfolio – Q3 2017 Update

• Leon Cooperman’s 13F portfolio value increased from $2.4B to $2.57B this quarter.
•  Omega Advisors increased Shire plc and AMC Networks while dropping Allergan plc.
• First Data, Alphabet, and Aercap Holdings are the largest three individual stock positions.

Leon Cooperman’s US long portfolio value increased ~7% from $2.4B to $2.57B 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: First Data (FDC), Alphabet Inc. (GOOG), AerCap Holdings (AER), United Continental (UAL), and Shire plc (SHPG).

Below is a summary:

Alphabet Inc. (GOOG): GOOG is now the second-largest 13F positon at 6.15% 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. Q1 2017 saw a ~15% increase at prices between $787 and $852. The stock is now at $1169. There was a marginal increase this quarter.

DowDupont(DWDP): DWDP is a 3.68% 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 $76.81. There was a marginal increase last quarter.

Below is a spreadsheet that shows the changes to Leon Cooperman's Omega Advisors US long portfolio holdings as of Q3 2017. For a look at how the portfolio has progressed, see our previous update:

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