Cooperman (Omega)

Q1 2018 13F · by Leon Cooperman, CEO

As of: Mar 31, 2018
Filed: May 15, 2018
US stock: $2.7B · prev $2.7B
Positions: 85 · prev 72
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%

Moves92 since the prior filing

+19.0 pp in · −19.3 pp out

New 30 +10.69 pp
Added 19 +8.27 pp
Trimmed 26 −9.08 pp
Exited 17 −10.22 pp

The book

Focused · behaves like 35 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions27% of US stock

UAL United Airlines Holdings, Inc. added+1.40 pp added+1.407.1%
GOOGL Alphabet Inc. Class A trimmed−0.35 pp trimmed−0.356.1%
AMCX AMC Global Media Inc. Class A added+0.15 pp added+0.156.0%
FDC First Data Corporation trimmed−0.38 pp trimmed−0.384.7%
MSFT Microsoft Corp trimmed+0.04 pp trimmed+0.043.6%

Positions85 in this filing · 17 exited


UALUnited Airlines Holdings, Inc.	7.07%	2,723,729	$189M	added+21%	+1.40 pp	18 q
GOOGLAlphabet Inc. Class A	6.06%	156,435	$162M	trimmed−4%	−0.35 pp	10 q
AMCXAMC Global Media Inc. Class A	5.99%	3,100,807	$160M	added+7%	+0.15 pp	5 q
FDCFirst Data Corporation	4.67%	7,802,316	$125M	trimmed−3%	−0.38 pp	10 q
MSFTMicrosoft Corp	3.63%	1,064,070	$97M	trimmed−5%	+0.04 pp	10 q
unresolvedDowdupont Inc	2.81%	1,179,000	$75M	trimmed−8%	−0.62 pp	3 q
ASHAshland Inc.	2.63%	1,009,600	$70M	added+43%	+0.75 pp	7 q
AERAercap Holdings N.V.	2.61%	1,377,738	$70M	trimmed−11%	−0.43 pp	15 q
HESHess Corporation	2.57%	1,359,364	$69M	trimmed−19%	−0.40 pp	7 q
PEParsley Energy Inc	2.37%	2,190,594	$64M	added+24%	+0.42 pp	3 q
WPXWPX Energy, Inc.	2.33%	4,218,898	$62M	trimmed−8%	−0.08 pp	5 q
PVHPVH Corp.	2.30%	405,938	$61M	trimmed−6%	+0.08 pp	9 q
unresolvedShire PLC	2.30%	411,872	$62M	trimmed−58%	−3.40 pp	8 q
OCNOnity Group Inc.	2.27%	14,742,284	$61M	added+33%	+0.97 pp	4 q
SBGISinclair, Inc. Class A	2.22%	1,893,154	$59M	added+14%	−0.13 pp	5 q
NBRNabors Industries Ltd.	2.18%	8,339,059	$58M	added+24%	+0.47 pp	8 q
SYFSynchrony Financial	2.12%	1,690,483	$57M	added+36%	+0.32 pp	10 q
MXLMaxLinear, Inc.	2.01%	2,365,079	$54M	added+27%	+0.17 pp	4 q
ADBEAdobe Inc.	1.93%	238,400	$52M	added+15%	+0.57 pp	3 q
TRNTrinity Industries, Inc.	1.75%	1,434,279	$47M	added+11%	−0.07 pp	4 q
CCitigroup Inc.	1.73%	683,900	$46M	added×5.3	+1.37 pp	2 q
DISHDISH Network Corp.	1.73%	1,220,941	$46M	added+10%	−0.26 pp	20 q
VVVValvoline Inc.	1.72%	2,073,174	$46M	trimmed−7%	−0.37 pp	7 q
NEWMUSA TODAY Co., Inc.	1.68%	2,617,961	$45M	trimmed−0%	+0.03 pp	17 q
DXCDXC Technology Company	1.64%	435,500	$44M	added+58%	+0.66 pp	3 q
unresolvedKeane Group Inc	1.64%	2,967,496	$44M	added+19%	−0.13 pp	5 q
TMOThermo Fisher Scientific, Inc.	1.60%	207,400	$43M	new	+1.60 pp	new
LORLLoral Space and Communications, Inc.	1.58%	1,015,064	$42M	trimmed−5%	−0.18 pp	20 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.57%	196,300	$42M	new	+1.57 pp	new
unresolvedAndeavor	1.46%	389,100	$39M	new	+1.46 pp	new
PYPLPayPal Holdings, Inc.	1.37%	483,200	$37M	trimmed−3%	−0.01 pp	9 q
EMNEastman Chemical Company	1.36%	344,213	$36M	trimmed−26%	−0.25 pp	20 q
HUMHumana Inc.	1.34%	133,453	$36M	trimmed−22%	−0.25 pp	2 q
METAMeta Platforms, Inc. Class A	1.30%	217,800	$35M	trimmed−23%	−0.56 pp	12 q
unresolvedHrg Group Inc	1.27%	2,053,203	$34M	added×2.4	+0.73 pp	13 q
ETEnergy Transfer LP	1.25%	2,356,328	$33M	added×2.3	+0.58 pp	4 q
unresolvedPennymac Finl Svcs Inc	1.21%	1,431,103	$32M	trimmed−3%	−0.03 pp	20 q
BMYBristol-Myers Squibb Co.	1.11%	468,000	$30M	new	+1.11 pp	new
ASPSAltisource Portfolio Solutions S.A.	1.01%	1,018,668	$27M	trimmed−17%	−0.28 pp	20 q
WFCWells Fargo & Co.	0.81%	412,500	$22M	trimmed−32%	−0.58 pp	2 q
ADSKAutodesk Inc	0.76%	162,400	$20M	trimmed−4%	+0.10 pp	4 q
NAVINavient Corporation	0.74%	1,503,006	$20M	trimmed−17%	−0.16 pp	16 q
NFLXNetFlix Inc	0.72%	65,000	$19M	held	—	5 q
AMZNAmazon.Com Inc	0.58%	10,640	$15M	held	—	6 q
BCBrunswick Corporation	0.55%	246,866	$15M	new	+0.55 pp	new
MUMicron Technology, Inc.	0.52%	268,700	$14M	new	+0.52 pp	new
TMHCTaylor Morrison Home Corporation	0.41%	470,000	$11M	new	+0.41 pp	new
NYCBFlagstar Bank, National Association	0.37%	750,000	$10M	held	—	2 q
CDEVPermian Resources Corporation	0.32%	467,000	$9M	new	+0.32 pp	new
GWPHGW Pharmaceuticals Plc	0.29%	70,000	$8M	added×2.3	+0.14 pp	2 q
unresolvedAmerican Intl Group Inc	0.28%	458,870	$8M	trimmed−13%	−0.08 pp	5 q
SG7Sage Therapeutics Inc	0.28%	46,700	$8M	new	+0.28 pp	new
ALLYAlly Financial Inc.	0.27%	267,680	$7M	trimmed−69%	−0.68 pp	5 q
BKIBlack Knight, Inc.	0.25%	140,000	$7M	new	+0.25 pp	new
DDominion Energy, Inc	0.25%	100,000	$7M	new	+0.25 pp	new
GLPIGaming and Leisure Properties, Inc.	0.25%	201,500	$7M	trimmed−27%	−0.13 pp	2 q
AM6Amicus Therapeutics Inc	0.21%	374,000	$6M	added×3.7	+0.16 pp	2 q
NINEQNine Energy Service Inc	0.21%	231,200	$6M	new	+0.21 pp	new
FTSIFts International Inc	0.19%	273,400	$5M	new	+0.19 pp	new
unresolvedAvexis Inc	0.17%	37,400	$5M	new	+0.17 pp	new
RAREUltragenyx Pharmaceutical Inc.	0.17%	88,500	$5M	new	+0.17 pp	new
IQiQIYI, Inc.	0.15%	250,000	$4M	new	+0.15 pp	new
AGIOAgios Pharmaceuticals, Inc.	0.14%	45,000	$4M	new	+0.14 pp	new
CBAYCymabay Therapeutics	0.14%	280,000	$4M	new	+0.14 pp	new
HKHalcon Resources Corporation	0.13%	701,000	$3M	new	+0.13 pp	new
ARRYArray Biopharma Inc	0.12%	200,000	$3M	new	+0.12 pp	new
CLFCleveland-Cliffs Inc.	0.12%	467,000	$3M	new	+0.12 pp	new
IBTXIndependent Bank Group, Inc.	0.12%	46,700	$3M	new	+0.12 pp	new
DHCPQDitech Holding Corp	0.11%	312,901	$3M	new	+0.11 pp	new
unresolvedHudson Ltd	0.11%	182,500	$3M	new	+0.11 pp	new
DISCKDiscovery Inc-c	0.10%	142,000	$3M	new	+0.10 pp	new
FTAIFTAI Aviation Ltd.	0.10%	164,000	$3M	new	+0.10 pp	new
ALDRAlder Biopharmaceuticals, Inc.	0.09%	189,500	$2M	new	+0.09 pp	new
INSMInsmed, Inc.	0.08%	98,000	$2M	trimmed−37%	−0.10 pp	3 q
SHLXShell Midstream Partners, L.P.	0.08%	100,000	$2M	new	+0.08 pp	new
XLRNAcceleron Pharma Inc.	0.07%	45,000	$2M	trimmed−10%	−0.01 pp	3 q
MVCMvc Capital Inc	0.07%	200,000	$2M	held	—	13 q
XNCRXencor, Inc.	0.07%	66,000	$2M	new	+0.07 pp	new
ARNAArena Pharmaceuticals Inc	0.05%	34,000	$1M	new	+0.05 pp	new
unresolvedChimera Investment Corp	0.04%	60,000	$1M	held	—	12 q
TCRDTHL Credit, Inc.	0.04%	150,000	$1M	held	—	20 q
ABRArbor Realty Trust, Inc.	0.03%	81,000	$714,000	held	—	14 q
unresolvedEllington Financial LLC	0.03%	60,000	$889,000	held	—	18 q
SNRNew Senior Investment Group Inc.	0.02%	70,000	$573,000	held	—	14 q
MDCAMDC Partners Inc. Class A (new)	0.01%	45,000	$324,000	held	—	9 q
unresolvedDell Technologies Inc	—	−636,914	—	exited	−1.94 pp	—
ZNGAZynga Inc. Cl A	—	−10,228,806	—	exited	−1.53 pp	—
MGMMgm Resorts International	—	−831,990	—	exited	−1.04 pp	—
EXPEExpedia Group, Inc.	—	−195,497	—	exited	−0.88 pp	—
BALLBall Corporation	—	−501,955	—	exited	−0.71 pp	—
unresolvedCBS Corp	—	−318,000	—	exited	−0.70 pp	—
GLDSPDR Gold Trust, SPDR Gold Shares	—	−140,000	—	exited	−0.65 pp	—
KREState Street SPDR S&P Regional Banking ETF	—	−250,000	—	exited	−0.55 pp	—
CXCemex S.A.B. de C.V.	—	−1,700,000	—	exited	−0.48 pp	—
TIMETime Inc	—	−608,913	—	exited	−0.42 pp	—
MYLMylan NV	—	−237,000	—	exited	−0.38 pp	—
AALAmerican Airlines Group Inc.	—	−178,400	—	exited	−0.35 pp	—
BPMCBlueprint Medicines Corporation	—	−75,000	—	exited	−0.21 pp	—
MDBMongoDB, Inc. Class A	—	−150,000	—	exited	−0.17 pp	—
OECOrion S.A.	—	−150,000	—	exited	−0.14 pp	—
IIntelsat SA	—	−305,187	—	exited	−0.04 pp	—
PTIProteostasis Therapeutics, Inc.	—	−150,000	—	exited	−0.03 pp	—