Cooperman (Omega)

Q3 2017 13F · by Leon Cooperman, CEO

As of: Sep 30, 2017
Filed: Nov 14, 2017
US stock: $2.6B · prev $2.4B
Positions: 84 · prev 81
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%

Moves72 since the prior filing

+16.1 pp in · −15.6 pp out

New 22 +11.28 pp
Added 25 +4.81 pp
Trimmed 6 −4.50 pp
Exited 19 −11.09 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 57% a year, about 1.8 years per position

Low
Moderate
High

Top 5 positions25% of US stock

FDC First Data Corporation added+0.20 pp added+0.206.4%
GOOGL Alphabet Inc. Class A added−0.01 pp added−0.016.2%
AER Aercap Holdings N.V. held held4.3%
UAL United Airlines Holdings, Inc. added−1.01 pp added−1.014.2%
unresolved Shire PLC added+0.44 pp added+0.443.9%

Positions84 in this filing · 19 exited


FDCFirst Data Corporation	6.36%	9,065,713	$164M	added+12%	+0.20 pp	8 q
GOOGLAlphabet Inc. Class A	6.15%	162,435	$158M	added+2%	−0.01 pp	8 q
AERAercap Holdings N.V.	4.27%	2,151,435	$110M	held	—	13 q
UALUnited Airlines Holdings, Inc.	4.20%	1,774,629	$108M	added+7%	−1.01 pp	16 q
unresolvedShire PLC	3.89%	653,977	$100M	added+31%	+0.44 pp	6 q
unresolvedDowdupont Inc	3.68%	1,367,400	$95M	new	+3.68 pp	new
MSFTMicrosoft Corp	3.36%	1,162,070	$87M	held	—	8 q
AMCXAMC Global Media Inc. Class A	3.08%	1,353,517	$79M	added+53%	+1.11 pp	3 q
TIMETime Inc	2.60%	4,960,004	$67M	added+8%	−0.15 pp	5 q
FNFFidelity National Financial, Inc.	2.49%	1,349,332	$64M	held	—	7 q
LORLLoral Space and Communications, Inc.	2.33%	1,211,938	$60M	held	—	18 q
DISHDISH Network Corp.	2.32%	1,102,141	$60M	held	—	18 q
PYPLPayPal Holdings, Inc.	2.22%	892,900	$57M	held	—	7 q
PVHPVH Corp.	2.20%	448,338	$57M	held	—	7 q
WPXWPX Energy, Inc.	2.08%	4,645,598	$53M	added+27%	+0.60 pp	3 q
BALLBall Corporation	2.03%	1,264,400	$52M	held	—	7 q
VVVValvoline Inc.	2.03%	2,223,140	$52M	added+13%	+0.09 pp	5 q
AIGAmerican International Group, Inc.	2.01%	841,740	$52M	trimmed−37%	−1.45 pp	18 q
HESHess Corporation	1.79%	983,800	$46M	held	—	5 q
SBGISinclair, Inc. Class A	1.77%	1,422,654	$46M	added+1%	−0.17 pp	3 q
MXLMaxLinear, Inc.	1.72%	1,862,795	$44M	added×2.5	+0.84 pp	2 q
EMNEastman Chemical Company	1.63%	464,813	$42M	held	—	18 q
unresolvedKeane Group Inc	1.61%	2,484,100	$41M	added+1%	−0.04 pp	3 q
TRNTrinity Industries, Inc.	1.61%	1,295,049	$41M	added×3.5	+1.17 pp	2 q
NEWMUSA TODAY Co., Inc.	1.58%	2,742,051	$41M	added+2%	+0.07 pp	15 q
SYFSynchrony Financial	1.58%	1,311,867	$41M	held	—	8 q
METAMeta Platforms, Inc. Class A	1.57%	236,200	$40M	held	—	10 q
unresolvedDell Technologies Inc	1.52%	505,000	$39M	added+22%	+0.46 pp	5 q
ASHAshland Inc.	1.38%	541,509	$35M	held	—	5 q
ZNGAZynga Inc. Cl A	1.35%	9,192,643	$35M	held	—	4 q
ASPSAltisource Portfolio Solutions S.A.	1.34%	1,328,182	$34M	trimmed−16%	−0.09 pp	18 q
OCNOnity Group Inc.	1.16%	8,662,342	$30M	added+16%	+0.32 pp	2 q
unresolvedEnergy Transfer Partners LP	1.12%	1,581,194	$29M	added+35%	+0.13 pp	2 q
unresolvedPennymac Finl Svcs Inc	1.12%	1,619,916	$29M	held	—	18 q
unresolvedAetna Inc New	1.11%	179,700	$29M	new	+1.11 pp	new
EXPEExpedia Group, Inc.	1.09%	195,497	$28M	new	+1.09 pp	new
NAVINavient Corporation	1.05%	1,801,188	$27M	trimmed−19%	−0.49 pp	14 q
MGMMgm Resorts International	0.98%	776,190	$25M	trimmed−56%	−1.34 pp	10 q
RITMRithm Capital Corp.	0.92%	1,417,800	$24M	added+23%	+0.17 pp	12 q
ADBEAdobe Inc.	0.84%	145,000	$22M	new	+0.84 pp	new
ALLYAlly Financial Inc.	0.84%	893,868	$22M	added+26%	+0.22 pp	3 q
NBRNabors Industries Ltd.	0.80%	2,538,500	$20M	held	—	6 q
CVACovanta Holding Corporation	0.70%	1,213,282	$18M	held	—	2 q
unresolvedHrg Group Inc	0.69%	1,132,800	$18M	held	—	11 q
DXCDXC Technology Company	0.67%	200,000	$17M	new	+0.67 pp	new
unresolvedA Schulman Inc	0.67%	505,000	$17M	new	+0.67 pp	new
unresolvedGigamon Inc	0.60%	366,897	$15M	trimmed−34%	−0.31 pp	3 q
BERYBerry Global Group, Inc.	0.47%	215,765	$12M	added+34%	+0.09 pp	6 q
IYRiShares U.S. Real Estate ETF	0.47%	150,000	$12M	new	+0.47 pp	new
NFLXNetFlix Inc	0.46%	65,000	$12M	held	—	3 q
INCYIncyte Genomics Inc	0.45%	100,000	$12M	new	+0.45 pp	new
unresolvedAmerican Intl Group Inc	0.41%	530,437	$11M	held	—	3 q
ADSKAutodesk Inc	0.41%	93,400	$10M	held	—	2 q
ATHAthene Holding Ltd-class A	0.41%	198,000	$11M	held	—	3 q
AMZNAmazon.Com Inc	0.40%	10,640	$10M	added+1%	−0.02 pp	4 q
ETEnergy Transfer LP	0.34%	505,600	$9M	added+29%	+0.05 pp	2 q
AALAmerican Airlines Group Inc.	0.33%	178,400	$8M	held	—	2 q
CTLTCatalent, Inc.	0.29%	185,000	$7M	new	+0.29 pp	new
PEParsley Energy Inc	0.29%	285,000	$8M	new	+0.29 pp	new
FBMFoundation Building Materials, Inc.	0.27%	500,000	$7M	held	—	3 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.26%	125,000	$7M	held	—	2 q
BECNBeacon Roofing Supply, Inc.	0.25%	125,000	$6M	new	+0.25 pp	new
CSGPCoStar Group Inc	0.22%	21,400	$6M	new	+0.22 pp	new
OECOrion S.A.	0.22%	250,000	$6M	added×5.0	+0.18 pp	3 q
unresolvedCotiviti Hldgs Inc	0.21%	150,000	$5M	new	+0.21 pp	new
unresolvedWildhorse Resource Development	0.21%	400,000	$5M	added+48%	+0.07 pp	4 q
PQGEcovyst Inc.	0.20%	300,000	$5M	new	+0.20 pp	new
INSMInsmed, Inc.	0.18%	150,000	$5M	new	+0.18 pp	new
IIntelsat SA	0.18%	1,000,000	$5M	held	—	2 q
GDDYGoDaddy Inc	0.17%	100,000	$4M	new	+0.17 pp	new
ZAYOZayo Group Holdings, Inc.	0.13%	100,000	$3M	new	+0.13 pp	new
PTLAPortola Pharmaceuticals, Inc.	0.10%	50,000	$3M	new	+0.10 pp	new
TRTNTriton International Ltd	0.10%	75,000	$2M	new	+0.10 pp	new
MVCMvc Capital Inc	0.08%	200,000	$2M	held	—	11 q
XLRNAcceleron Pharma Inc.	0.07%	50,000	$2M	new	+0.07 pp	new
KTOSKratos Defense & Security Solutions, Inc.	0.05%	100,000	$1M	new	+0.05 pp	new
unresolvedChimera Investment Corp	0.04%	60,000	$1M	held	—	10 q
unresolvedEllington Financial LLC	0.04%	60,000	$947,000	trimmed−95%	−0.82 pp	16 q
WLHWilliam Lyon Homes	0.04%	50,000	$1M	new	+0.04 pp	new
TCRDTHL Credit, Inc.	0.04%	120,000	$1M	added+9%	−0.01 pp	18 q
ABRArbor Realty Trust, Inc.	0.03%	81,000	$664,000	added+15%	+0.01 pp	12 q
unresolvedRamaco Resources Inc	0.03%	100,000	$663,000	held	—	3 q
MDCAMDC Partners Inc. Class A (new)	0.02%	45,000	$495,000	held	—	7 q
SNRNew Senior Investment Group Inc.	0.02%	70,000	$641,000	held	—	12 q
unresolvedDow Chemical Co	—	−1,367,400	—	exited	−3.60 pp	—
ACTAllergan PLC	—	−295,188	—	exited	−2.99 pp	—
unresolvedArris Intl Inc	—	−908,032	—	exited	−1.06 pp	—
OMFOneMain Holdings, Inc.	—	−944,057	—	exited	−0.97 pp	—
LBBath & Body Works, Inc.	—	−200,000	—	exited	−0.45 pp	—
GDIIngersoll Rand Inc.	—	−300,000	—	exited	−0.27 pp	—
42OPhysicians Realty Trust	—	−300,000	—	exited	−0.25 pp	—
HCRSQHi-crush Inc	—	−540,000	—	exited	−0.24 pp	—
unresolvedBluebird Bio Inc	—	−50,000	—	exited	−0.22 pp	—
DLTRDollar Tree Inc.	—	−75,000	—	exited	−0.22 pp	—
CLVSNClovis Oncology Inc	—	−50,000	—	exited	−0.20 pp	—
LOWLowe's Companies Inc.	—	−50,000	—	exited	−0.16 pp	—
REVGREV Group, Inc.	—	−100,000	—	exited	−0.12 pp	—
CRZOCarrizo Oil & Gas Inc	—	−150,000	—	exited	−0.11 pp	—
unresolvedMindbody Cl A	—	−70,000	—	exited	−0.08 pp	—
DOVADova Pharmaceuticals, Inc.	—	−40,000	—	exited	−0.04 pp	—
SEISolaris Energy Infrastructure, Inc.	—	−80,000	—	exited	−0.04 pp	—
YEXTYext, Inc.	—	−80,800	—	exited	−0.04 pp	—
BYByline Bancorp, Inc.	—	−40,000	—	exited	−0.03 pp	—