Tracking Leon Cooperman’s Omega Advisors Portfolio – Q2 2018 Update

·         Leon Cooperman’s 13F portfolio value increased from $2.68B to $2.87B this quarter.

·         Omega Advisors increased Sinclair Broadcasting, Trinity Industries, and Citigroup during the quarter.

·         United Continental, Alphabet, and AMC Networks 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).

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 $1110. There were minor reductions in the last two quarters.

DowDupont(DWDP): DWDP is a 2.70% 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 ~$60.

Below is a spreadsheet that shows the changes to Leon Cooperman's Omega Advisors US long portfolio holdings as of Q2 2018. For a look at how the portfolio has progressed, see our previous update:

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