Cooperman (Omega)

Q4 2016 13F · by Leon Cooperman, CEO

As of: Dec 31, 2016
Filed: Feb 14, 2017
US stock: $2.3B · prev $3.2B
Positions: 71 · prev 75
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

+11.1 pp in · −11.2 pp out

New 16 +2.93 pp
Added 10 +8.13 pp
Trimmed 41 −4.28 pp
Exited 20 −6.95 pp

The book

Focused · behaves like 34 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 35% a year, about 2.8 years per position

Low
Moderate
High

Top 5 positions25% of US stock

UAL United Airlines Holdings, Inc. trimmed+2.32 pp trimmed+2.325.7%
FDC First Data Corporation trimmed+0.10 pp trimmed+0.105.4%
GOOGL Alphabet Inc. Class A trimmed+0.87 pp trimmed+0.874.9%
unresolved Hrg Group Inc trimmed+0.22 pp trimmed+0.224.9%
AER Aercap Holdings N.V. trimmed−0.66 pp trimmed−0.664.2%

Positions71 in this filing · 20 exited


UALUnited Airlines Holdings, Inc.	5.65%	1,759,902	$128M	trimmed−14%	+2.32 pp	13 q
FDCFirst Data Corporation	5.36%	8,574,013	$122M	trimmed−34%	+0.10 pp	5 q
GOOGLAlphabet Inc. Class A	4.87%	139,395	$110M	trimmed−14%	+0.87 pp	5 q
unresolvedHrg Group Inc	4.87%	7,107,654	$111M	trimmed−26%	+0.22 pp	8 q
AERAercap Holdings N.V.	4.16%	2,266,435	$94M	trimmed−44%	−0.66 pp	10 q
AIGAmerican International Group, Inc.	4.06%	1,409,512	$92M	trimmed−41%	−0.33 pp	15 q
unresolvedDow Chemical Co	3.44%	1,363,100	$78M	trimmed−13%	+0.95 pp	8 q
WBAWalgreens Boots Alliance, Inc	3.41%	934,100	$77M	trimmed−14%	+0.71 pp	6 q
ACTAllergan PLC	3.37%	363,788	$76M	trimmed−33%	−0.48 pp	7 q
unresolvedShire PLC	3.36%	447,307	$76M	added+25%	+1.23 pp	3 q
TIMETime Inc	3.06%	3,893,255	$69M	added×4.3	+2.66 pp	2 q
TRCOTribune Media Company Class A	2.76%	1,792,248	$63M	trimmed−48%	−1.15 pp	9 q
NAVINavient Corporation	2.72%	3,754,562	$62M	trimmed−67%	−2.33 pp	11 q
ASHAshland Inc.	2.61%	541,509	$59M	trimmed−19%	+0.21 pp	2 q
HESHess Corporation	2.57%	936,900	$58M	trimmed−5%	+0.94 pp	2 q
PVHPVH Corp.	2.54%	638,797	$58M	trimmed−26%	−0.39 pp	4 q
MSFTMicrosoft Corp	2.20%	803,620	$50M	trimmed−24%	+0.33 pp	5 q
LORLLoral Space and Communications, Inc.	2.19%	1,211,938	$50M	trimmed−24%	+0.27 pp	15 q
BALLBall Corporation	2.18%	660,200	$50M	added+13%	+0.70 pp	4 q
ASPSAltisource Portfolio Solutions S.A.	2.12%	1,806,865	$48M	trimmed−19%	−0.10 pp	15 q
FNFFidelity National Financial, Inc.	2.02%	1,349,332	$46M	added+58%	+1.05 pp	4 q
MGMMgm Resorts International	2.00%	1,576,190	$45M	trimmed−30%	+0.19 pp	7 q
NEWMUSA TODAY Co., Inc.	1.89%	2,677,051	$43M	trimmed−10%	+0.46 pp	12 q
DISHDISH Network Corp.	1.86%	726,957	$42M	trimmed−10%	+0.49 pp	15 q
unresolvedArris Intl Inc	1.84%	1,389,412	$42M	trimmed−16%	+0.39 pp	3 q
unresolvedPandora Media Inc	1.73%	3,008,900	$39M	added+11%	+0.53 pp	2 q
PYPLPayPal Holdings, Inc.	1.55%	892,900	$35M	trimmed−24%	+0.06 pp	4 q
SYFSynchrony Financial	1.50%	937,967	$34M	trimmed−45%	+0.03 pp	5 q
ETRAE*trade Financial Corp	1.47%	959,659	$33M	trimmed−52%	−0.34 pp	15 q
EMNEastman Chemical Company	1.42%	428,713	$32M	trimmed−40%	−0.08 pp	15 q
unresolvedEnergy Transfer Prtnrs L P	1.32%	839,661	$30M	trimmed−32%	−0.09 pp	4 q
WMBWilliams Companies Inc.	1.25%	909,900	$28M	trimmed−14%	+0.24 pp	2 q
unresolvedWilliams Partners L P New	1.21%	720,000	$27M	trimmed−17%	+0.22 pp	4 q
unresolvedPennymac Finl Svcs Inc	1.19%	1,619,916	$27M	trimmed−30%	−0.02 pp	15 q
APCAnadarko Petroleum Corp	1.08%	352,621	$25M	new	+1.08 pp	new
unresolvedDell Technologies Inc	1.08%	445,000	$24M	added×3.0	+0.86 pp	2 q
GPORGulfport Energy Corporation	0.98%	1,024,353	$22M	added×3.4	+0.72 pp	7 q
BERYBerry Global Group, Inc.	0.92%	428,865	$21M	trimmed−24%	+0.16 pp	3 q
unresolvedEllington Financial LLC	0.85%	1,250,000	$19M	held	—	13 q
OMFOneMain Holdings, Inc.	0.84%	856,010	$19M	trimmed−73%	−2.13 pp	5 q
AMZNAmazon.Com Inc	0.66%	20,000	$15M	new	+0.66 pp	new
RITMRithm Capital Corp.	0.52%	748,727	$12M	trimmed−75%	−0.73 pp	9 q
METAMeta Platforms, Inc. Class A	0.35%	68,800	$8M	trimmed−75%	−0.75 pp	7 q
unresolvedFidelity & Guaranty Life	0.35%	330,381	$8M	added×4.4	+0.30 pp	2 q
unresolvedWildhorse Resource Development	0.29%	450,000	$7M	new	+0.29 pp	new
VVVValvoline Inc.	0.27%	281,900	$6M	trimmed−24%	0.00 pp	2 q
SNRNew Senior Investment Group Inc.	0.22%	508,115	$5M	trimmed−83%	−0.87 pp	9 q
NBRNabors Industries Ltd.	0.21%	290,300	$5M	trimmed−82%	−0.41 pp	3 q
unresolvedGlobal Eagle Entmt Inc	0.19%	650,800	$4M	held	—	2 q
DALDelta Air Lines, Inc.	0.16%	75,600	$4M	trimmed−92%	−1.03 pp	7 q
T8STesaro Inc	0.15%	25,000	$3M	new	+0.15 pp	new
unresolvedBluebird Bio Inc	0.14%	50,000	$3M	new	+0.14 pp	new
ZNGAZynga Inc. Cl A	0.11%	1,000,000	$3M	new	+0.11 pp	new
MDCAMDC Partners Inc. Class A (new)	0.09%	295,000	$2M	added+59%	+0.03 pp	4 q
unresolvedNordic American Offshore Ltd	0.08%	700,000	$2M	trimmed−48%	−0.07 pp	2 q
unresolvedOm Asset Management PLC	0.08%	120,000	$2M	new	+0.08 pp	new
TUSKMammoth Energy Services, Inc.	0.07%	100,000	$2M	new	+0.07 pp	new
PMTPennyMac Mortgage Investment Trust	0.07%	92,056	$2M	added+84%	+0.05 pp	15 q
GOLFAcushnet Holdings Corp.	0.06%	72,100	$1M	new	+0.06 pp	new
HWCHancock Whitney Corporation	0.06%	30,000	$1M	new	+0.06 pp	new
UBSIUnited Bankshares Inc	0.06%	30,000	$1M	new	+0.06 pp	new
MVCMvc Capital Inc	0.05%	129,211	$1M	held	—	8 q
TCRDTHL Credit, Inc.	0.05%	110,000	$1M	trimmed−68%	−0.05 pp	15 q
WIXWIX.com Ltd.	0.05%	25,000	$1M	new	+0.05 pp	new
unresolvedChimera Investment Corp	0.04%	60,000	$1M	trimmed−98%	−1.41 pp	7 q
unresolvedEclipse Res Corp	0.03%	250,000	$668,000	trimmed−45%	−0.02 pp	3 q
PESPioneer Energy Services Corp.	0.03%	100,000	$685,000	new	+0.03 pp	new
RNSTRenasant Corporation	0.03%	15,000	$633,000	new	+0.03 pp	new
unresolvedSucampo Pharmaceuticals Inc	0.03%	50,000	$678,000	new	+0.03 pp	new
VLYValley National Bancorp	0.03%	50,000	$582,000	new	+0.03 pp	new
ABRArbor Realty Trust, Inc.	0.02%	70,000	$522,000	held	—	9 q
MSIMotorola Solutions, Inc. New	—	−1,027,210	—	exited	−2.42 pp	—
EAElectronic Arts Inc	—	−266,400	—	exited	−0.70 pp	—
SSNCSS&C Technologies Inc	—	−703,300	—	exited	−0.70 pp	—
EPDEnterprise Products Partners L.P.	—	−794,996	—	exited	−0.68 pp	—
1LGEUSDLiberty Global PLC Lilac - C	—	−541,605	—	exited	−0.47 pp	—
PEParsley Energy Inc	—	−319,200	—	exited	−0.33 pp	—
RICEEqt Re Merger Sub Inc	—	−400,000	—	exited	−0.32 pp	—
TSETrinseo SA	—	−182,400	—	exited	−0.32 pp	—
CTRPTrip.com Group Limited	—	−185,300	—	exited	−0.27 pp	—
unresolvedCliffs Nat Res Inc	—	−1,140,100	—	exited	−0.21 pp	—
CPECallon Petroleum Company	—	−182,500	—	exited	−0.09 pp	—
PDCEPDC Energy, Inc.	—	−45,600	—	exited	−0.09 pp	—
OLLIOllie's Bargain Outlet Holdings, Inc.	—	−91,200	—	exited	−0.07 pp	—
XUnited States Steel Corp	—	−100,000	—	exited	−0.06 pp	—
BMCHBMC Stock Holdings, Inc	—	−91,200	—	exited	−0.05 pp	—
CHKChesapeake Energy Corp	—	−273,650	—	exited	−0.05 pp	—
RYZRyerson Holding Corporation	—	−136,800	—	exited	−0.05 pp	—
BOLDAudentes Therapeutics Inc	—	−45,800	—	exited	−0.03 pp	—
KDMNKadmon Holdings, Inc.	—	−92,500	—	exited	−0.02 pp	—
PRTKParatek Pharmaceuticals, Inc.	—	−45,700	—	exited	−0.02 pp	—