Cooperman (Omega)

Q4 2015 13F · by Leon Cooperman, CEO

As of: Dec 31, 2015
Filed: Feb 16, 2016
US stock: $4.6B · prev $5.0B
Positions: 65 · prev 82
Options notional: $0
Documents: 1· no amendments

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%

Moves87 since the prior filing

+22.9 pp in · −22.7 pp out

New 10 +18.17 pp
Added 12 +4.70 pp
Trimmed 38 −3.90 pp
Exited 27 −18.83 pp

The book

Focused · behaves like 30 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 86% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions29% of US stock

GOOGL Alphabet Inc. Class A new+7.26 pp new+7.267.3%
AIG American International Group, Inc. added+1.68 pp added+1.685.5%
ACT Allergan PLC trimmed+0.87 pp trimmed+0.875.3%
FDC First Data Corporation new+5.29 pp new+5.295.3%
AER Aercap Holdings N.V. trimmed+0.94 pp trimmed+0.945.3%

Positions65 in this filing · 27 exited


GOOGLAlphabet Inc. Class A	7.26%	427,619	$333M	new	+7.26 pp	new
AIGAmerican International Group, Inc.	5.54%	4,096,526	$254M	added+22%	+1.68 pp	11 q
ACTAllergan PLC	5.33%	781,780	$244M	trimmed−4%	+0.87 pp	3 q
FDCFirst Data Corporation	5.29%	15,416,663	$242M	new	+5.29 pp	new
AERAercap Holdings N.V.	5.28%	5,599,965	$242M	trimmed−0%	+0.94 pp	6 q
unresolvedChimera Investment Corp	3.98%	13,372,991	$182M	trimmed−5%	+0.18 pp	3 q
NAVINavient Corporation	3.79%	15,160,911	$174M	added+42%	+1.37 pp	7 q
unresolvedHrg Group Inc	3.60%	12,157,088	$165M	trimmed−2%	+0.67 pp	4 q
unresolvedAshland Inc New	3.42%	1,523,321	$156M	trimmed−6%	+0.14 pp	6 q
CCitigroup Inc.	3.37%	2,981,750	$154M	trimmed−2%	+0.33 pp	11 q
UALUnited Airlines Holdings, Inc.	3.22%	2,573,228	$147M	trimmed−8%	+0.24 pp	9 q
unresolvedDow Chemical Co	2.95%	2,627,779	$135M	trimmed−4%	+0.61 pp	4 q
SIRISirius XM Holdings, Inc	2.86%	32,153,846	$131M	trimmed−23%	−0.31 pp	9 q
MSIMotorola Solutions, Inc. New	2.85%	1,904,121	$130M	trimmed−27%	−0.77 pp	11 q
TRCOTribune Media Company Class A	2.72%	3,689,595	$125M	added+4%	+0.17 pp	5 q
HOUSAnywhere Real Estate Inc.	2.30%	2,871,240	$105M	added+6%	+0.24 pp	10 q
OMFOneMain Holdings, Inc.	2.28%	2,518,100	$105M	new	+2.28 pp	new
DISHDISH Network Corp.	2.25%	1,804,715	$103M	trimmed−8%	−0.06 pp	11 q
METAMeta Platforms, Inc. Class A	2.25%	985,500	$103M	trimmed−7%	+0.33 pp	3 q
ETRAE*trade Financial Corp	2.19%	3,385,524	$100M	trimmed−14%	+0.10 pp	11 q
WBAWalgreens Boots Alliance, Inc	2.04%	1,098,557	$94M	added+11%	+0.38 pp	2 q
RITMRithm Capital Corp.	1.94%	7,317,930	$89M	added+2%	+0.04 pp	5 q
MGMMgm Resorts International	1.93%	3,899,790	$89M	trimmed−8%	+0.36 pp	3 q
NEWMUSA TODAY Co., Inc.	1.63%	3,835,635	$75M	trimmed−1%	+0.42 pp	8 q
EMNEastman Chemical Company	1.61%	1,090,562	$74M	trimmed−2%	+0.15 pp	11 q
JPMJPMorgan Chase & Co.	1.58%	1,096,200	$72M	trimmed−0%	+0.23 pp	11 q
LORLLoral Space and Communications, Inc.	1.47%	1,659,047	$68M	added+24%	+0.20 pp	11 q
SNRNew Senior Investment Group Inc.	1.38%	6,426,185	$63M	added+14%	+0.18 pp	5 q
DALDelta Air Lines, Inc.	1.08%	971,400	$49M	trimmed−1%	+0.19 pp	3 q
unresolvedPennymac Finl Svcs Inc	1.06%	3,146,200	$48M	trimmed−3%	+0.02 pp	11 q
EEMiShares MSCI Emerging Markets ETF	1.05%	1,500,000	$48M	new	+1.05 pp	new
ASPSAltisource Portfolio Solutions S.A.	1.01%	1,662,462	$46M	added+10%	+0.28 pp	11 q
MSFTMicrosoft Corp	0.98%	809,000	$45M	new	+0.98 pp	new
PFEPfizer Inc.	0.91%	1,295,600	$42M	trimmed−73%	−2.15 pp	2 q
TRGPTarga Resources Corp.	0.74%	1,252,671	$34M	trimmed−36%	−1.29 pp	4 q
unresolvedTerraform Global Inc	0.73%	6,013,155	$33M	held	—	2 q
unresolvedFcb Finl Hldgs Inc	0.65%	838,057	$30M	trimmed−45%	−0.35 pp	5 q
SYFSynchrony Financial	0.63%	946,300	$29M	new	+0.63 pp	new
AMZNAmazon.Com Inc	0.53%	35,600	$24M	trimmed−1%	+0.16 pp	2 q
unresolvedHilton Worldwide Hldgs Inc	0.46%	980,100	$21M	trimmed−40%	−0.30 pp	3 q
SUMSummit Materials, Inc. Class A	0.44%	1,007,688	$20M	added+6%	+0.09 pp	4 q
unresolvedEllington Financial LLC	0.43%	1,161,740	$19M	added+13%	+0.06 pp	9 q
unresolvedNordic Amern Offshore Ltd	0.42%	3,668,679	$19M	trimmed−30%	−0.21 pp	6 q
unresolvedAetna Inc New	0.38%	160,000	$17M	new	+0.38 pp	new
GPORGulfport Energy Corporation	0.31%	570,500	$14M	trimmed−72%	−0.92 pp	3 q
APCAnadarko Petroleum Corp	0.29%	272,057	$13M	trimmed−43%	−0.29 pp	8 q
unresolvedIconix Brand Group Inc	0.22%	1,479,600	$10M	new	+0.22 pp	new
unresolvedTransocean Partners LLC	0.21%	1,103,191	$10M	trimmed−1%	−0.01 pp	6 q
unresolvedTarga Resources Partners LP	0.19%	527,061	$9M	trimmed−50%	−0.43 pp	4 q
unresolvedKkr & Co L P DEL	0.16%	478,069	$7M	trimmed−76%	−0.51 pp	7 q
TWXTime Warner Inc	0.15%	109,200	$7M	trimmed−90%	−1.42 pp	5 q
OECOrion S.A.	0.15%	553,750	$7M	trimmed−12%	−0.03 pp	6 q
unresolvedResource America Inc Cl A	0.10%	779,187	$5M	held	—	3 q
EVAEnviva Inc.	0.09%	215,000	$4M	trimmed−28%	+0.01 pp	3 q
ATLSAtlas Energy Grp,llc Com Units Repstg Ltd (De)	0.08%	3,943,172	$4M	held	—	4 q
unresolvedHC2 Holdings Inc	0.06%	500,000	$3M	new	+0.06 pp	new
PRTKParatek Pharmaceuticals, Inc.	0.05%	118,600	$2M	trimmed−17%	0.00 pp	3 q
GULTUGulf Coast Ultra D/R	0.02%	5,000,000	$751,000	trimmed−79%	−0.12 pp	7 q
MVCMvc Capital Inc	0.02%	100,000	$737,000	added×2.5	+0.01 pp	4 q
unresolvedNorthstar Rlty Fin Corp	0.02%	50,000	$852,000	new	+0.02 pp	new
PMTPennyMac Mortgage Investment Trust	0.02%	50,000	$763,000	trimmed−97%	−0.56 pp	11 q
ABRArbor Realty Trust, Inc.	0.01%	70,000	$501,000	held	—	5 q
unresolvedCarbylan Therapeutics Inc	0.01%	97,600	$353,000	trimmed−1%	0.00 pp	3 q
TCRDTHL Credit, Inc.	0.01%	30,000	$321,000	trimmed−95%	−0.12 pp	11 q
TGPNSeapeak LLC	0.01%	20,000	$263,000	held	—	11 q
unresolvedGoogle Inc.	—	−482,749	—	exited	−6.22 pp	—
unresolvedPriceline Grp Inc	—	−115,025	—	exited	−2.87 pp	—
unresolvedSpringleaf Holdings Inc	—	−2,607,700	—	exited	−2.30 pp	—
unresolvedValeant Pharmaceuticals Intl	—	−484,915	—	exited	−1.75 pp	—
unresolvedComcast Corp. Spl Cl A	—	−717,510	—	exited	−0.83 pp	—
SUNEQSunedison Inc	—	−5,325,959	—	exited	−0.77 pp	—
unresolvedCigna Corporation	—	−250,000	—	exited	−0.68 pp	—
unresolvedAbengoa Yield PLC	—	−1,947,780	—	exited	−0.65 pp	—
LYBLyondellBasell Industries N.V. Class A	—	−388,022	—	exited	−0.65 pp	—
KMIKinder Morgan, Inc.	—	−713,121	—	exited	−0.40 pp	—
unresolvedAtlas Resource Partners LP	—	−4,603,897	—	exited	−0.26 pp	—
MLCOMelco Resorts & Entertainment Limited	—	−750,000	—	exited	−0.21 pp	—
unresolvedShire PLC	—	−45,367	—	exited	−0.19 pp	—
unresolvedBlue Buffalo Pet Prods Inc	—	−500,000	—	exited	−0.18 pp	—
BSMBlack Stone Minerals, L.P.	—	−500,000	—	exited	−0.14 pp	—
MCRNMilacron Holdings Corp.	—	−400,000	—	exited	−0.14 pp	—
SHLDSears Holdings Corp	—	−300,000	—	exited	−0.14 pp	—
JCPJ.C. Penney Company, Inc.	—	−500,000	—	exited	−0.09 pp	—
RUNSunrun Inc	—	−425,000	—	exited	−0.09 pp	—
MITTTPG Mortgage Investment Trust, Inc.	—	−200,000	—	exited	−0.06 pp	—
FNFabrinet	—	−125,000	—	exited	−0.05 pp	—
SPWHSportsman's Warehouse Holdings, Inc.	—	−150,000	—	exited	−0.04 pp	—
OPLNOPENLANE, Inc	—	−47,000	—	exited	−0.03 pp	—
unresolvedWCI Communities Inc.	—	−75,000	—	exited	−0.03 pp	—
WLHWilliam Lyon Homes	—	−45,000	—	exited	−0.02 pp	—
unresolvedTwo Harbors Investment Corp	—	−100,000	—	exited	−0.02 pp	—
unresolvedGENER8 Maritime Inc	—	−100,000	—	exited	−0.02 pp	—