Tracking Leon Cooperman’s Omega Advisors Portfolio – Q1 2019 Update

• Leon Cooperman’s 13F portfolio value increased from $1.02B to $1.64B this quarter. 
• Omega Advisors increased First Data Corp (FDC), Chimera Investment Corp (CIM), and Cigna (CI) 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 ~60% from $1.02B to $1.64B this quarter. Although the 13F report has ~70 positions, the portfolio is concentrated with the top five holdings accounting for over ~36% 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 ~$86.43.

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 7.85% 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 $1076. Last two quarter saw a ~50% selling at prices between $976 and $1270 while this quarter there was a one-third increase at prices between $1016 and $1232.

Chimera Investment Corp (CIM): CIM is a top five 5.53% of the portfolio stake established last quarter and built this quarter at prices between $17.90 and $19.40. The stock currently trades at $18.78.

Below is a spreadsheet that shows the changes to Leon Cooperman's Omega Advisors 13F portfolio holdings as of Q1 2019. For a look at how the portfolio has progressed, see our previous update:

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