Tracking Leon Cooperman’s Omega Advisors Portfolio – Q2 2019 Update

• Leon Cooperman’s 13F portfolio value increased from $1.64B to $1.68B this quarter. 
• Omega Advisors increased UnitedHealth (UNH) and Navient (NAVI) during the quarter. 
• First Data Corp (FDC), Alphabet Inc. (GOOG), and United Continental (UAL) are the largest three individual stock positions. 

Leon Cooperman’s 13F portfolio value increased marginally from $1.64B to $1.68B this quarter. Although the 13F report has ~70 positions, the portfolio is concentrated with the top five holdings accounting for over ~35% of the entire portfolio: First Data Corp (FDC), Alphabet Inc. (GOOG), United Continental (UAL), Chimera Investment Corp (CIM), and Cigna Corp (CI).

Note 1: On UAL, Cooperman said in October last year 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 ~$87.

Note 2: Last year, Leon Cooperman returned investor’s money as he moved to a Family Office Structure. The fund now manages his own money.

Below is a summary:

Alphabet Inc. (GOOG): GOOG is now the second-largest 13F position 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 $1232. H2 2018 saw a ~50% selling at prices between $976 and $1270 while last quarter there was a one-third increase at prices between $1016 and $1232.

Chimera Investment Corp (CIM): CIM is a top five 5.35% of the portfolio stake established in Q4 2018 and built last quarter at prices between $17.90 and $19.40. The stock currently trades at $20.

Below is a spreadsheet that shows the changes to Leon Cooperman's Omega Advisors 13F portfolio holdings as of Q2 2019. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .