Cooperman (Omega)

Q3 2018 13F · by Leon Cooperman, CEO

As of: Sep 30, 2018
Filed: Nov 14, 2018
US stock: $2.3B · prev $2.9B
Positions: 50 · prev 85
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%

Moves81 since the prior filing

+9.8 pp in · −9.8 pp out

New 4 +7.17 pp
Added 5 +2.65 pp
Trimmed 33 +10.16 pp
Exited 39 −19.99 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 35% a year, about 2.9 years per position

Low
Moderate
High

Top 5 positions34% of US stock

UAL United Airlines Holdings, Inc. trimmed+3.58 pp trimmed+3.5810.1%
AMCX AMC Global Media Inc. Class A trimmed+1.19 pp trimmed+1.197.1%
GOOGL Alphabet Inc. Class A trimmed+0.71 pp trimmed+0.716.8%
FDC First Data Corporation trimmed−0.20 pp trimmed−0.205.4%
MSFT Microsoft Corp trimmed+1.00 pp trimmed+1.004.6%

Positions50 in this filing · 39 exited


UALUnited Airlines Holdings, Inc.	10.10%	2,618,929	$233M	trimmed−3%	+3.58 pp	20 q
AMCXAMC Global Media Inc. Class A	7.13%	2,481,800	$165M	trimmed−10%	+1.19 pp	7 q
GOOGLAlphabet Inc. Class A	6.79%	130,000	$157M	trimmed−16%	+0.71 pp	12 q
FDCFirst Data Corporation	5.44%	5,136,971	$126M	trimmed−34%	−0.20 pp	12 q
MSFTMicrosoft Corp	4.56%	921,905	$105M	trimmed−11%	+1.00 pp	12 q
NLSNNielsen Holdings PLC	4.35%	3,633,200	$100M	new	+4.35 pp	new
SBGISinclair, Inc. Class A	4.08%	3,321,183	$94M	added+26%	+1.12 pp	7 q
ASHAshland Inc.	3.97%	1,094,556	$92M	trimmed−10%	+0.68 pp	9 q
WPXWPX Energy, Inc.	3.42%	3,921,340	$79M	trimmed0%	+0.96 pp	7 q
unresolvedDowdupont Inc	2.91%	1,046,400	$67M	trimmed−11%	+0.21 pp	5 q
TRNTrinity Industries, Inc.	2.84%	1,793,648	$66M	trimmed−5%	+0.58 pp	6 q
CCitigroup Inc.	2.82%	909,500	$65M	trimmed−4%	+0.63 pp	4 q
NBRNabors Industries Ltd.	2.78%	10,437,377	$64M	added+7%	+0.60 pp	10 q
TMOThermo Fisher Scientific, Inc.	2.62%	248,200	$61M	trimmed−4%	+0.76 pp	3 q
unresolvedKeane Group Inc	2.49%	4,644,505	$57M	added+22%	+0.69 pp	7 q
PEParsley Energy Inc	2.49%	1,968,694	$58M	trimmed−17%	−0.01 pp	5 q
OCNOnity Group Inc.	2.46%	14,424,184	$57M	trimmed−2%	+0.43 pp	6 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.15%	186,900	$50M	trimmed−4%	+0.49 pp	3 q
NRGNRG Energy, Inc.	1.96%	1,208,410	$45M	trimmed−5%	+0.61 pp	2 q
LORLLoral Space and Communications, Inc.	1.86%	945,389	$43M	trimmed−7%	+0.53 pp	22 q
ETEnergy Transfer LP	1.70%	2,251,128	$39M	trimmed−4%	+0.29 pp	6 q
PVHPVH Corp.	1.63%	260,338	$38M	trimmed−15%	+0.04 pp	11 q
NEWMUSA TODAY Co., Inc.	1.55%	2,284,281	$36M	trimmed−6%	−0.01 pp	19 q
MPCMarathon Petroleum Corporation	1.42%	410,400	$33M	trimmed−4%	+0.38 pp	2 q
HESHess Corporation	1.39%	447,164	$32M	trimmed−57%	−1.05 pp	9 q
ASPSAltisource Portfolio Solutions S.A.	1.36%	977,293	$31M	trimmed−0%	+0.37 pp	22 q
CVSCvs Health Corporation	1.34%	394,600	$31M	trimmed−3%	+0.43 pp	2 q
MGYMagnolia Oil & Gas Corporation Class A	1.30%	2,000,000	$30M	new	+1.30 pp	new
ADBEAdobe Inc.	1.28%	109,400	$30M	trimmed−54%	−0.73 pp	5 q
DISHDISH Network Corp.	1.15%	740,722	$26M	trimmed−29%	−0.06 pp	22 q
DXCDXC Technology Company	1.12%	277,700	$26M	trimmed−4%	+0.31 pp	5 q
unresolvedPennymac Finl Svcs Inc	1.03%	1,135,268	$24M	trimmed−20%	+0.07 pp	22 q
unresolvedCigna Corporation	0.97%	107,500	$22M	new	+0.97 pp	new
AMZNAmazon.Com Inc	0.88%	10,100	$20M	trimmed−4%	+0.26 pp	8 q
BCBrunswick Corporation	0.79%	273,069	$18M	added+8%	+0.22 pp	3 q
EMNEastman Chemical Company	0.72%	174,213	$17M	trimmed−49%	−0.48 pp	22 q
MXLMaxLinear, Inc.	0.64%	739,301	$15M	trimmed−64%	−0.47 pp	6 q
MUMicron Technology, Inc.	0.64%	327,700	$15M	trimmed−37%	−0.31 pp	3 q
METAMeta Platforms, Inc. Class A	0.63%	88,200	$15M	trimmed−59%	−0.82 pp	14 q
unresolvedWmih Corp	0.55%	9,150,000	$13M	new	+0.55 pp	new
unresolvedAndeavor	0.28%	42,000	$6M	trimmed−61%	−0.21 pp	3 q
MVCMvc Capital Inc	0.08%	200,000	$2M	held	—	15 q
TCRDTHL Credit, Inc.	0.07%	190,000	$2M	added+7%	+0.02 pp	22 q
DHCPQDitech Holding Corp	0.06%	312,901	$1M	held	—	3 q
unresolvedChimera Investment Corp	0.05%	60,000	$1M	held	—	14 q
ABRArbor Realty Trust, Inc.	0.04%	81,000	$930,000	held	—	16 q
unresolvedEllington Financial LLC	0.04%	60,000	$989,000	held	—	20 q
FGPFerrellgas Partners, L.P.	0.04%	430,000	$950,000	held	—	2 q
SNRNew Senior Investment Group Inc.	0.02%	70,000	$402,000	held	—	16 q
MDCAMDC Partners Inc. Class A (new)	0.01%	45,000	$230,000	held	—	11 q
AERAercap Holdings N.V.	—	−1,125,496	—	exited	−2.12 pp	—
SYFSynchrony Financial	—	−1,690,483	—	exited	−1.96 pp	—
HUMHumana Inc.	—	−185,253	—	exited	−1.92 pp	—
PYPLPayPal Holdings, Inc.	—	−477,300	—	exited	−1.38 pp	—
IQVIQVIA Holdings Inc.	—	−381,800	—	exited	−1.33 pp	—
VVVValvoline Inc.	—	−1,727,874	—	exited	−1.30 pp	—
LENLennar Corporation Class A	—	−625,000	—	exited	−1.14 pp	—
unresolvedHrg Group Inc	—	−2,253,198	—	exited	−1.03 pp	—
unresolvedKkr & Co L P DEL	—	−992,555	—	exited	−0.86 pp	—
ADSKAutodesk Inc	—	−160,400	—	exited	−0.73 pp	—
unresolvedShire PLC	—	−122,500	—	exited	−0.72 pp	—
FTSIFts International Inc	—	−1,350,000	—	exited	−0.67 pp	—
unresolvedTpg Pace Energy Hldgs Corp	—	−1,500,000	—	exited	−0.57 pp	—
TMHCTaylor Morrison Home Corporation	—	−750,000	—	exited	−0.54 pp	—
SG7Sage Therapeutics Inc	—	−74,800	—	exited	−0.41 pp	—
CDEVPermian Resources Corporation	—	−600,000	—	exited	−0.38 pp	—
unresolvedWildhorse Resource Development	—	−400,000	—	exited	−0.35 pp	—
DAYDayforce, Inc.	—	−292,971	—	exited	−0.34 pp	—
IMMUImmunomedics Inc	—	−400,000	—	exited	−0.33 pp	—
PAGSPagSeguro Digital Ltd.	—	−300,000	—	exited	−0.29 pp	—
CZRCaesars Entertainment, Inc.	—	−525,000	—	exited	−0.20 pp	—
TSGIStars Group INC/THE	—	−150,000	—	exited	−0.19 pp	—
CBAYCymabay Therapeutics	—	−377,200	—	exited	−0.18 pp	—
DCPHNDeciphera Pharmaceuticals In	—	−119,900	—	exited	−0.16 pp	—
MDGLMadrigal Pharmaceuticals, Inc.	—	−15,000	—	exited	−0.15 pp	—
ALLYAlly Financial Inc.	—	−100,000	—	exited	−0.09 pp	—
unresolvedCharah Solutions Inc	—	−225,000	—	exited	−0.09 pp	—
INSMInsmed, Inc.	—	−95,000	—	exited	−0.08 pp	—
BRSLBrightstar Lottery PLC	—	−92,400	—	exited	−0.07 pp	—
unresolvedAvrobio Inc	—	−50,000	—	exited	−0.05 pp	—
HKHalcon Resources Corporation	—	−350,000	—	exited	−0.05 pp	—
SURFSurface Oncology, Inc.	—	−94,900	—	exited	−0.05 pp	—
VCELVericel Corporation	—	−150,000	—	exited	−0.05 pp	—
BOXBox, Inc.	—	−50,000	—	exited	−0.04 pp	—
CUROCURO Group Holdings Corp.	—	−50,000	—	exited	−0.04 pp	—
unresolvedT2 Biosystems Inc	—	−142,400	—	exited	−0.04 pp	—
7S3US Xpress Enterprises Inc -a	—	−75,000	—	exited	−0.04 pp	—
QUREuniQure N.V.	—	−25,000	—	exited	−0.03 pp	—
unresolvedExela Technologies Inc	—	−150,345	—	exited	−0.02 pp	—