Tracking Leon Cooperman’s Omega Advisors Portfolio – Q1 2018 Update

• Leon Cooperman’s 13F portfolio value increased marginally from $2.67B to $2.68B this quarter.
• Omega Advisors increased Ashland Global and United Continental while reducing Shire plc.
• United Continental, Alphabet, and AMC Networks are the largest three individual stock positions.

Leon Cooperman’s 13F portfolio value increased marginally from $2.67B to $2.68B this quarter. Although the 13F report has ~70 positions, the portfolio is concentrated with the top five holdings accounting for a quarter of the entire portfolio: United Continental Holdings (UAL), Alphabet Inc. (GOOG), AMC Networks (AMCX), First Data Corporation (FDC), and Microsoft (MSFT).

Below is a summary:

Alphabet Inc. (GOOG): GOOG is now the second-largest 13F positon at ~6% 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 $1102. There was a minor reduction this quarter.

DowDupont(DWDP): DWDP is a 2.81% 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 ~$65. There was a ~6% trimming last quarter.

Below is a spreadsheet that shows the changes to Leon Cooperman's Omega Advisors US long portfolio holdings as of Q1 2018. For a look at how the portfolio has progressed, see our previous update:

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