- Leon Cooperman’s 13F portfolio value decreased from $2.87B to $2.31B this quarter.
- Omega Advisors added Nielsen NV (NLSN) and increased Sinclair Broadcast Group (SBGI) during the quarter.
- United Continental (UAL), AMC Networks (AMCX), and Alphabet Inc. (GOOG) are the largest three individual stock positions.
Leon Cooperman’s 13F portfolio value increased ~7% from
$2.68B to $2.87B this quarter. Although the 13F report has ~70 positions, the
portfolio is concentrated with the top five holdings accounting for ~28% of the
entire portfolio: United Continental Holdings (UAL), Alphabet Inc. (GOOG), AMC
Networks (AMCX), First Data Corporation (FDC), and Microsoft (MSFT).
Note: On UAL, Cooperman said in October that the stock has
doubled ($85 PPS at the time) but expects it to reach $120 in twelve to
eighteen months. The stock is currently at ~$92.
Below is a summary:
Alphabet Inc. (GOOG):
GOOG is now the third-largest 13F positon at ~7% 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 $1051. There were minor reductions
in the last two quarters and that was followed with a ~16% selling this
quarter.
DowDupont(DWDP):
DWDP is a 2.91% of the 13F 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 $56.49. This quarter saw a
~11% trimming.
Below is a spreadsheet that shows the changes to Leon
Cooperman's Omega Advisors 13F portfolio holdings as of Q3 2018. For a look at
how the portfolio has progressed, see our previous update:
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