Cooperman (Omega)

Q3 2016 13F · by Leon Cooperman, CEO

As of: Sep 30, 2016
Filed: Nov 14, 2016
US stock: $3.2B · prev $3.5B
Positions: 75 · prev 78
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%

Moves102 since the prior filing

+14.2 pp in · −14.3 pp out

New 26 +10.63 pp
Added 11 +3.59 pp
Trimmed 36 −1.71 pp
Exited 29 −12.56 pp

The book

Focused · behaves like 36 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 51% a year, about 2.0 years per position

Low
Moderate
High

Top 5 positions24% of US stock

FDC First Data Corporation trimmed+0.35 pp trimmed+0.355.3%
NAVI Navient Corporation trimmed+0.38 pp trimmed+0.385.0%
AER Aercap Holdings N.V. trimmed+0.42 pp trimmed+0.424.8%
unresolved Hrg Group Inc trimmed+0.64 pp trimmed+0.644.7%
AIG American International Group, Inc. trimmed+0.05 pp trimmed+0.054.4%

Positions75 in this filing · 29 exited


FDCFirst Data Corporation	5.26%	12,954,273	$170M	trimmed−17%	+0.35 pp	4 q
NAVINavient Corporation	5.05%	11,318,580	$164M	trimmed−18%	+0.38 pp	10 q
AERAercap Holdings N.V.	4.82%	4,059,955	$156M	trimmed−12%	+0.42 pp	9 q
unresolvedHrg Group Inc	4.65%	9,606,392	$151M	trimmed−7%	+0.64 pp	7 q
AIGAmerican International Group, Inc.	4.39%	2,397,644	$142M	trimmed−17%	+0.05 pp	14 q
GOOGLAlphabet Inc. Class A	4.00%	161,156	$130M	trimmed−39%	−1.24 pp	4 q
TRCOTribune Media Company Class A	3.91%	3,465,124	$127M	trimmed−7%	−0.25 pp	8 q
ACTAllergan PLC	3.85%	541,122	$125M	trimmed−19%	−0.54 pp	6 q
UALUnited Airlines Holdings, Inc.	3.33%	2,057,793	$108M	trimmed−13%	+0.58 pp	12 q
OMFOneMain Holdings, Inc.	2.97%	3,112,338	$96M	trimmed−3%	+0.89 pp	4 q
PVHPVH Corp.	2.93%	859,397	$95M	added+11%	+0.86 pp	3 q
WBAWalgreens Boots Alliance, Inc	2.70%	1,086,300	$88M	trimmed−11%	−0.18 pp	5 q
unresolvedDow Chemical Co	2.49%	1,557,777	$81M	trimmed−22%	−0.31 pp	7 q
MSIMotorola Solutions, Inc. New	2.42%	1,027,210	$78M	trimmed−19%	+0.06 pp	14 q
ASHAshland Inc.	2.40%	670,987	$78M	new	+2.40 pp	new
ASPSAltisource Portfolio Solutions S.A.	2.22%	2,219,030	$72M	added+5%	+0.56 pp	14 q
unresolvedShire PLC	2.13%	356,484	$69M	added+75%	+1.07 pp	2 q
LORLLoral Space and Communications, Inc.	1.92%	1,591,034	$62M	trimmed−8%	+0.19 pp	14 q
MSFTMicrosoft Corp	1.87%	1,050,534	$61M	trimmed−31%	−0.35 pp	4 q
ETRAE*trade Financial Corp	1.81%	2,013,135	$59M	trimmed−36%	−0.29 pp	14 q
MGMMgm Resorts International	1.81%	2,252,237	$59M	trimmed−23%	−0.07 pp	6 q
HESHess Corporation	1.63%	986,900	$53M	new	+1.63 pp	new
EMNEastman Chemical Company	1.50%	718,097	$49M	trimmed−10%	−0.03 pp	14 q
PYPLPayPal Holdings, Inc.	1.49%	1,176,400	$48M	trimmed−8%	+0.16 pp	3 q
BALLBall Corporation	1.48%	584,897	$48M	trimmed−9%	+0.16 pp	3 q
SYFSynchrony Financial	1.47%	1,706,167	$48M	trimmed−22%	−0.10 pp	4 q
unresolvedChimera Investment Corp	1.45%	2,944,130	$47M	trimmed−47%	−1.04 pp	6 q
unresolvedArris Intl Inc	1.45%	1,661,612	$47M	trimmed−7%	+0.39 pp	2 q
NEWMUSA TODAY Co., Inc.	1.43%	2,982,293	$46M	trimmed−6%	−0.19 pp	11 q
unresolvedEnergy Transfer Prtnrs L P	1.41%	1,237,713	$46M	trimmed−9%	−0.05 pp	3 q
DISHDISH Network Corp.	1.37%	810,157	$44M	trimmed−26%	−0.25 pp	14 q
RITMRithm Capital Corp.	1.25%	2,944,797	$41M	trimmed−45%	−0.85 pp	8 q
unresolvedPennymac Finl Svcs Inc	1.21%	2,312,500	$39M	trimmed−6%	+0.34 pp	14 q
unresolvedPandora Media Inc	1.20%	2,722,900	$39M	new	+1.20 pp	new
DALDelta Air Lines, Inc.	1.19%	976,400	$38M	trimmed−16%	−0.01 pp	6 q
METAMeta Platforms, Inc. Class A	1.10%	278,100	$36M	trimmed−14%	+0.06 pp	6 q
SNRNew Senior Investment Group Inc.	1.09%	3,066,911	$35M	trimmed−28%	−0.20 pp	8 q
WMBWilliams Companies Inc.	1.01%	1,063,200	$33M	new	+1.01 pp	new
unresolvedWilliams Partners L P New	0.99%	866,000	$32M	trimmed−15%	0.00 pp	3 q
FNFFidelity National Financial, Inc.	0.97%	852,732	$31M	trimmed−7%	−0.01 pp	3 q
BERYBerry Global Group, Inc.	0.76%	565,000	$25M	added+92%	+0.44 pp	2 q
EAElectronic Arts Inc	0.70%	266,400	$23M	trimmed−49%	−0.42 pp	3 q
SSNCSS&C Technologies Inc	0.70%	703,300	$23M	new	+0.70 pp	new
EPDEnterprise Products Partners L.P.	0.68%	794,996	$22M	added+37%	+0.20 pp	2 q
unresolvedEllington Financial LLC	0.64%	1,250,000	$21M	added+2%	+0.05 pp	12 q
NBRNabors Industries Ltd.	0.62%	1,645,692	$20M	added+11%	+0.20 pp	2 q
1LGEUSDLiberty Global PLC Lilac - C	0.47%	541,605	$15M	new	+0.47 pp	new
TIMETime Inc	0.40%	903,500	$13M	new	+0.40 pp	new
PEParsley Energy Inc	0.33%	319,200	$11M	new	+0.33 pp	new
RICEEqt Re Merger Sub Inc	0.32%	400,000	$10M	new	+0.32 pp	new
TSETrinseo SA	0.32%	182,400	$10M	new	+0.32 pp	new
CTRPTrip.com Group Limited	0.27%	185,300	$9M	new	+0.27 pp	new
VVVValvoline Inc.	0.27%	370,500	$9M	new	+0.27 pp	new
GPORGulfport Energy Corporation	0.26%	298,153	$8M	added+43%	+0.08 pp	6 q
unresolvedDell Technologies Inc	0.22%	150,000	$7M	new	+0.22 pp	new
unresolvedCliffs Nat Res Inc	0.21%	1,140,100	$7M	new	+0.21 pp	new
unresolvedGlobal Eagle Entmt Inc	0.17%	650,800	$5M	new	+0.17 pp	new
unresolvedNordic American Offshore Ltd	0.15%	1,336,408	$5M	new	+0.15 pp	new
TCRDTHL Credit, Inc.	0.10%	342,796	$3M	added×10.5	+0.09 pp	14 q
CPECallon Petroleum Company	0.09%	182,500	$3M	new	+0.09 pp	new
PDCEPDC Energy, Inc.	0.09%	45,600	$3M	new	+0.09 pp	new
OLLIOllie's Bargain Outlet Holdings, Inc.	0.07%	91,200	$2M	new	+0.07 pp	new
MDCAMDC Partners Inc. Class A (new)	0.06%	185,000	$2M	added×4.1	+0.04 pp	3 q
XUnited States Steel Corp	0.06%	100,000	$2M	new	+0.06 pp	new
BMCHBMC Stock Holdings, Inc	0.05%	91,200	$2M	new	+0.05 pp	new
CHKChesapeake Energy Corp	0.05%	273,650	$2M	new	+0.05 pp	new
unresolvedEclipse Res Corp	0.05%	454,700	$1M	trimmed−9%	0.00 pp	2 q
unresolvedFidelity & Guaranty Life	0.05%	74,503	$2M	new	+0.05 pp	new
RYZRyerson Holding Corporation	0.05%	136,800	$2M	new	+0.05 pp	new
BOLDAudentes Therapeutics Inc	0.03%	45,800	$816,000	new	+0.03 pp	new
MVCMvc Capital Inc	0.03%	129,211	$1M	added+8%	0.00 pp	7 q
ABRArbor Realty Trust, Inc.	0.02%	70,000	$519,000	held	—	8 q
KDMNKadmon Holdings, Inc.	0.02%	92,500	$679,000	new	+0.02 pp	new
PRTKParatek Pharmaceuticals, Inc.	0.02%	45,700	$595,000	trimmed−9%	0.00 pp	2 q
PMTPennyMac Mortgage Investment Trust	0.02%	50,000	$779,000	held	—	14 q
unresolvedAshland Inc New	—	−824,474	—	exited	−2.68 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−493,800	—	exited	−1.98 pp	—
TRGPTarga Resources Corp.	—	−1,123,000	—	exited	−1.34 pp	—
CCitigroup Inc.	—	−828,318	—	exited	−0.99 pp	—
NFLXNetFlix Inc	—	−372,500	—	exited	−0.97 pp	—
unresolvedSilver Wheaton (Nys)	—	−1,178,000	—	exited	−0.79 pp	—
unresolvedFcb Finl Hldgs Inc	—	−525,061	—	exited	−0.51 pp	—
TJXTJX Companies, Inc. (The)	—	−175,000	—	exited	−0.38 pp	—
unresolvedCanadian Pac Ry Ltd	—	−87,500	—	exited	−0.32 pp	—
AZOAutoZone, Inc.	—	−12,800	—	exited	−0.29 pp	—
HOUSAnywhere Real Estate Inc.	—	−302,100	—	exited	−0.25 pp	—
AMGAffiliated Managers Group	—	−52,500	—	exited	−0.21 pp	—
ARAntero Resources Corporation	—	−280,800	—	exited	−0.21 pp	—
LOWLowe's Companies Inc.	—	−93,300	—	exited	−0.21 pp	—
unresolvedNordic Amern Offshore Ltd	—	−1,600,000	—	exited	−0.21 pp	—
SW5Southwestern Energy Co	—	−500,000	—	exited	−0.18 pp	—
unresolvedCoach Inc	—	−150,000	—	exited	−0.17 pp	—
USFDUS Foods Holding Corp.	—	−250,000	—	exited	−0.17 pp	—
unresolvedTerraform Pwr Inc	—	−378,845	—	exited	−0.12 pp	—
HOLXHologic Inc	—	−100,000	—	exited	−0.10 pp	—
PXDPioneer Natural Resource Co.	—	−20,000	—	exited	−0.09 pp	—
PFGCPerformance Food Group Company	—	−100,000	—	exited	−0.08 pp	—
unresolvedBlue Buffalo Pet Prods Inc	—	−100,000	—	exited	−0.07 pp	—
unresolvedConsol Energy Inc	—	−150,000	—	exited	−0.07 pp	—
unresolvedLandcadia Holdings Inc	—	−200,000	—	exited	−0.06 pp	—
HCRSQHi-crush Inc	—	−100,000	—	exited	−0.04 pp	—
TTITETRA Technologies, Inc.	—	−200,000	—	exited	−0.04 pp	—
unresolvedNorthstar Rlty Fin Corp	—	−50,000	—	exited	−0.02 pp	—
unresolvedManitowoc Inc	—	−50,000	—	exited	−0.01 pp	—