Cooperman (Omega)

Q4 2014 13F · by Leon Cooperman, CEO

As of: Dec 31, 2014
Filed: Feb 17, 2015
US stock: $6.0B · prev $6.8B
Positions: 91 · prev 92
Options notional: $0
Documents: 1· 1 amendment

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves115 since the prior filing

+21.0 pp in · −21.0 pp out

New 29 +10.66 pp
Added 31 +10.31 pp
Trimmed 25 −6.29 pp
Exited 30 −14.68 pp

The book

Diversified · behaves like 45 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 74% a year, about 1.4 years per position

Low
Moderate
High

Top 5 positions18% of US stock

unresolved Actavis PLC added+1.54 pp added+1.544.0%
C Citigroup Inc. trimmed−0.11 pp trimmed−0.113.8%
AIG American International Group, Inc. trimmed−0.42 pp trimmed−0.423.8%
NAVI Navient Corporation trimmed+0.89 pp trimmed+0.893.5%
SIRI Sirius XM Holdings, Inc added+0.41 pp added+0.413.4%

Revealed late, restated

restated 2 rows corrected by the filer · US stock +2.49%; later quarters recomputed 13F-HR/A · Feb 17, 2015 ↗

Positions91 in this filing · 30 exited


unresolvedActavis PLC	4.05%	943,572	$243M	added+34%	+1.54 pp	4 q
CCitigroup Inc.	3.83%	4,245,350	$230M	trimmed−18%	−0.11 pp	7 q
AIGAmerican International Group, Inc.	3.75%	4,012,226	$225M	trimmed−24%	−0.42 pp	7 q
NAVINavient Corporation	3.45%	9,578,247	$207M	trimmed−3%	+0.89 pp	3 q
SIRISirius XM Holdings, Inc	3.37%	57,688,894	$202M	added0%	+0.41 pp	5 q
EBAYeBay Inc	3.30%	3,529,500	$198M	added+12%	+0.67 pp	5 q
UALUnited Airlines Holdings, Inc.	3.29%	2,948,874	$197M	added+12%	+1.48 pp	5 q
unresolvedAtlas Energy LP	3.03%	5,832,098	$182M	added+43%	+0.38 pp	7 q
SUNEQSunedison Inc	2.94%	9,030,171	$176M	added+16%	+0.77 pp	5 q
TRCOTribune Media Company Class A	2.86%	2,866,341	$171M	new	+2.86 pp	new
ETRAE*trade Financial Corp	2.78%	6,883,204	$167M	added0%	+0.49 pp	7 q
MSIMotorola Solutions, Inc. New	2.77%	2,474,776	$166M	trimmed−0%	+0.46 pp	7 q
DISHDISH Network Corp.	2.69%	2,215,043	$161M	trimmed−25%	−0.13 pp	7 q
unresolvedChimera Investment Corp	2.64%	49,760,901	$158M	trimmed−23%	−0.25 pp	7 q
unresolvedHarbinger Group Inc	2.55%	10,811,163	$153M	trimmed−3%	+0.40 pp	7 q
AERAercap Holdings N.V.	2.53%	3,912,278	$152M	added+5%	+0.28 pp	2 q
MCKMcKesson Corporation	2.48%	715,203	$148M	added+10%	+0.61 pp	7 q
EMNEastman Chemical Company	2.06%	1,627,835	$123M	added+2%	+0.16 pp	7 q
CZRCaesars Entertainment, Inc.	2.04%	7,815,990	$123M	added+12%	+0.75 pp	7 q
OPLNOPENLANE, Inc	1.95%	3,377,161	$117M	added+14%	+0.70 pp	5 q
unresolvedAshland Inc New	1.74%	871,287	$104M	added×2.4	+1.19 pp	2 q
unresolvedComcast Corp. Spl Cl A	1.71%	1,778,972	$102M	trimmed−16%	+0.05 pp	6 q
unresolvedShire PLC	1.68%	473,237	$101M	new	+1.68 pp	new
GRPNGroupon, Inc.	1.66%	12,020,975	$99M	added+37%	+0.80 pp	2 q
unresolvedAtlas Pipeline Partners LP	1.53%	3,357,705	$92M	added0%	−0.27 pp	7 q
QEPQep Resources, Inc.	1.47%	4,358,927	$88M	added+12%	−0.29 pp	3 q
LYBLyondellBasell Industries N.V. Class A	1.46%	1,104,022	$88M	added+19%	−0.02 pp	7 q
unresolvedKkr & Co L P DEL	1.40%	3,606,622	$84M	trimmed−26%	−0.21 pp	3 q
GLPIGaming and Leisure Properties, Inc.	1.36%	2,787,200	$82M	trimmed−41%	−0.77 pp	5 q
HCAHCA Healthcare, Inc.	1.33%	1,088,500	$80M	trimmed−55%	−1.20 pp	6 q
LORLLoral Space and Communications, Inc.	1.28%	973,109	$77M	added+3%	+0.28 pp	7 q
PVHPVH Corp.	1.27%	595,241	$76M	trimmed−21%	−0.07 pp	7 q
ASPSAltisource Portfolio Solutions S.A.	1.27%	2,257,451	$76M	added+76%	−0.63 pp	7 q
TWXTime Warner Inc	1.25%	874,500	$75M	new	+1.25 pp	new
RITMRithm Capital Corp.	1.22%	5,722,681	$73M	new	+1.22 pp	new
unresolvedAtlas Resource Partners LP	1.12%	6,291,295	$67M	added+17%	−0.42 pp	7 q
HOUSAnywhere Real Estate Inc.	1.12%	1,511,262	$67M	added+1%	+0.30 pp	6 q
unresolvedTerraform Pwr Inc	1.06%	2,119,134	$64M	added×3.5	+0.81 pp	2 q
unresolvedNordic Amern Offshore Ltd	1.05%	5,109,179	$63M	held	—	2 q
NEWMUSA TODAY Co., Inc.	1.02%	2,591,975	$61M	trimmed−32%	+0.09 pp	4 q
PMTPennyMac Mortgage Investment Trust	1.01%	2,882,301	$61M	added+1%	+0.11 pp	7 q
APCAnadarko Petroleum Corp	0.99%	716,249	$59M	added+36%	+0.20 pp	4 q
JPMJPMorgan Chase & Co.	0.98%	941,000	$59M	trimmed−48%	−0.62 pp	7 q
unresolvedSandridge Energy Inc	0.98%	32,162,580	$59M	trimmed−29%	−1.89 pp	7 q
GILDGilead Sciences Inc	0.96%	612,500	$58M	new	+0.96 pp	new
unresolvedPennymac Finl Svcs Inc	0.95%	3,291,600	$57M	held	—	7 q
KMIKinder Morgan, Inc.	0.79%	1,126,567	$48M	trimmed−2%	+0.14 pp	7 q
CTRACoterra Energy Inc.	0.74%	1,494,462	$44M	trimmed−14%	−0.09 pp	3 q
AAPLApple Inc.	0.71%	383,790	$42M	trimmed−68%	−1.06 pp	3 q
SNRNew Senior Investment Group Inc.	0.71%	2,604,000	$43M	new	+0.71 pp	new
MLCOMelco Resorts & Entertainment Limited	0.69%	1,628,693	$41M	trimmed−38%	−0.33 pp	2 q
unresolvedTime Warner Cable Inc	0.67%	265,600	$40M	trimmed−50%	−0.44 pp	4 q
unresolvedFcb Finl Hldgs Inc	0.64%	1,553,034	$38M	new	+0.64 pp	new
WPXWPX Energy, Inc.	0.56%	2,876,361	$33M	trimmed−20%	−0.71 pp	7 q
GULTUGulf Coast Ultra D/R	0.40%	18,826,993	$24M	added+11%	−0.10 pp	3 q
unresolvedEllington Financial LLC	0.38%	1,148,300	$23M	added+21%	+0.07 pp	5 q
LPIVital Energy Inc	0.36%	2,100,000	$22M	new	+0.36 pp	new
unresolvedTransocean Partners LLC	0.29%	1,169,628	$17M	added+24%	−0.07 pp	2 q
unresolvedThe Adt Corporation	0.18%	300,000	$11M	new	+0.18 pp	new
TCRDTHL Credit, Inc.	0.18%	934,551	$11M	trimmed−7%	−0.01 pp	7 q
OECOrion S.A.	0.18%	634,700	$11M	held	—	2 q
SNSharkNinja, Inc.	0.10%	652,500	$6M	new	+0.10 pp	new
unresolvedCaesars Acquisition Co	0.08%	466,792	$5M	added+54%	+0.04 pp	5 q
VSLRVivint Solar, Inc.	0.08%	491,750	$5M	new	+0.08 pp	new
WYWeyerhaeuser Company	0.08%	139,400	$5M	trimmed−0%	+0.01 pp	5 q
CCSCentury Communities, Inc.	0.07%	250,000	$4M	added+71%	+0.03 pp	2 q
MITTTPG Mortgage Investment Trust, Inc.	0.06%	200,000	$4M	held	—	7 q
ALLYAlly Financial Inc.	0.06%	150,000	$4M	new	+0.06 pp	new
unresolvedBaker Hughes Inc.	0.06%	65,500	$4M	new	+0.06 pp	new
FSAMFifth Street Asset Managemen	0.06%	250,000	$3M	new	+0.06 pp	new
unresolvedMedia Gen Inc New	0.06%	206,366	$3M	new	+0.06 pp	new
METMetLife, Inc.	0.06%	67,000	$4M	added+86%	+0.03 pp	3 q
ONDKOn Deck Capital, Inc.	0.05%	125,000	$3M	new	+0.05 pp	new
unresolvedBluebird Bio Inc	0.04%	25,000	$2M	trimmed−35%	+0.02 pp	2 q
SYNHSyneos Health, Inc. Class A	0.04%	100,000	$3M	new	+0.04 pp	new
unresolvedJuno Therapeutics Inc	0.04%	50,000	$3M	new	+0.04 pp	new
unresolvedNeff Corp	0.04%	200,000	$2M	new	+0.04 pp	new
CDWCDW Corporation	0.03%	50,000	$2M	new	+0.03 pp	new
unresolvedEclipse Res Corp	0.03%	296,190	$2M	trimmed−1%	−0.04 pp	2 q
unresolvedGrubhub Inc	0.03%	50,000	$2M	new	+0.03 pp	new
MCMoelis & Company	0.03%	48,480	$2M	new	+0.03 pp	new
PEParsley Energy Inc	0.03%	98,800	$2M	added+98%	+0.01 pp	2 q
EXXIEnergy Xxi Ltd	0.03%	625,000	$2M	new	+0.03 pp	new
WMSAdvanced Drainage Systems, Inc.	0.02%	50,000	$1M	new	+0.02 pp	new
LCHappen, Inc.	0.02%	50,000	$1M	new	+0.02 pp	new
unresolvedRentrak Corp	0.02%	20,000	$1M	new	+0.02 pp	new
unresolvedTwo Harbors Investment Corp	0.02%	100,000	$1M	held	—	7 q
TNKTeekay Tankers Ltd.	0.02%	250,000	$1M	new	+0.02 pp	new
SIENSientra, Inc.	0.01%	25,095	$421,000	new	+0.01 pp	new
TGPNSeapeak LLC	0.01%	20,000	$860,000	held	—	7 q
ABRArbor Realty Trust, Inc.	0.00%	27,000	$183,000	new	0.00 pp	new
unresolvedSprint Corporation	—	−20,525,517	—	exited	−1.92 pp	—
HALHalliburton Company	—	−1,907,199	—	exited	−1.81 pp	—
TMOThermo Fisher Scientific, Inc.	—	−864,000	—	exited	−1.55 pp	—
SLMSLM Corporation	—	−10,228,796	—	exited	−1.29 pp	—
unresolvedXl Group PLC	—	−2,361,492	—	exited	−1.15 pp	—
unresolvedNew Residential Invt Corp	—	−11,607,963	—	exited	−1.00 pp	—
DNRDenbury Resources, Inc.	—	−3,787,907	—	exited	−0.84 pp	—
unresolvedLinn Energy Llc-units	—	−1,781,267	—	exited	−0.79 pp	—
unresolvedNewcastle Invt Corp New	—	−4,151,618	—	exited	−0.77 pp	—
ICEIntercontinental Exchange Inc.	—	−234,804	—	exited	−0.67 pp	—
BABAAlibaba Group Holding Limited	—	−410,000	—	exited	−0.54 pp	—
AGOAssured Guaranty, LTD	—	−1,488,452	—	exited	−0.49 pp	—
RIGTransocean LTD.	—	−1,000,000	—	exited	−0.47 pp	—
unresolvedSupervalu Inc	—	−2,836,558	—	exited	−0.37 pp	—
VISNVistance Networks, Inc.	—	−829,241	—	exited	−0.29 pp	—
unresolvedLin Media LLC	—	−377,408	—	exited	−0.12 pp	—
IWMiShares Russell 2000 ETF	—	−66,950	—	exited	−0.11 pp	—
AVBAvalonBay Communities, Inc.	—	−50,000	—	exited	−0.10 pp	—
BKDBrookdale Senior Living, Inc.	—	−175,000	—	exited	−0.08 pp	—
unresolvedCameron International Corp	—	−63,400	—	exited	−0.06 pp	—
unresolvedResource Capital Corp	—	−800,000	—	exited	−0.06 pp	—
QIWQiwi Plc-sponsored ADR	—	−100,000	—	exited	−0.05 pp	—
unresolvedMobileye Nv	—	−50,000	—	exited	−0.04 pp	—
PRTAProthena Corporation plc	—	−80,000	—	exited	−0.03 pp	—
unresolvedAvanir Pharmaceuticals Inc	—	−100,000	—	exited	−0.02 pp	—
unresolvedDelia's Inc New	—	−4,259,520	—	exited	−0.02 pp	—
ASPNAspen Aerogels, Inc.	—	−77,300	—	exited	−0.01 pp	—
unresolvedEnlink Midstream Partners LP	—	−23,100	—	exited	−0.01 pp	—
unresolvedIndependence Contract Drilling	—	−36,096	—	exited	−0.01 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−11,400	—	exited	−0.01 pp	—