Cooperman (Omega)

Q4 2018 13F · by Leon Cooperman, CEO

As of: Dec 31, 2018
Filed: Feb 14, 2019
US stock: $1.0B · prev $2.3B
Positions: 35 · prev 50
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%

Moves47 since the prior filing

+12.3 pp in · −12.5 pp out

New 2 +6.50 pp
Added 4 +5.81 pp
Trimmed 24 +4.55 pp
Exited 17 −17.08 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 37% a year, about 2.7 years per position

Low
Moderate
High

Top 5 positions34% of US stock

UAL United Airlines Holdings, Inc. trimmed−0.60 pp trimmed−0.609.5%
GOOGL Alphabet Inc. Class A trimmed+1.62 pp trimmed+1.628.4%
NLSN Nielsen Holdings PLC trimmed+1.64 pp trimmed+1.646.0%
ASH Ashland Inc. trimmed+1.35 pp trimmed+1.355.3%
CVS Cvs Health Corporation added+3.76 pp added+3.765.1%

Positions35 in this filing · 17 exited


UALUnited Airlines Holdings, Inc.	9.50%	1,160,802	$97M	trimmed−56%	−0.60 pp	21 q
GOOGLAlphabet Inc. Class A	8.41%	82,364	$86M	trimmed−37%	+1.62 pp	13 q
NLSNNielsen Holdings PLC	5.99%	2,627,200	$61M	trimmed−28%	+1.64 pp	2 q
ASHAshland Inc.	5.32%	766,563	$54M	trimmed−30%	+1.35 pp	10 q
CVSCvs Health Corporation	5.10%	795,900	$52M	added×2.0	+3.76 pp	3 q
unresolvedDowdupont Inc	4.89%	935,600	$50M	trimmed−11%	+1.98 pp	6 q
CIThe Cigna Group	4.60%	247,861	$47M	new	+4.60 pp	new
AMCXAMC Global Media Inc. Class A	4.33%	806,356	$44M	trimmed−68%	−2.80 pp	8 q
NRGNRG Energy, Inc.	3.99%	1,032,000	$41M	trimmed−15%	+2.03 pp	3 q
FDCFirst Data Corporation	3.95%	2,388,671	$40M	trimmed−54%	−1.49 pp	13 q
CCitigroup Inc.	3.90%	765,600	$40M	trimmed−16%	+1.08 pp	5 q
TRNTrinity Industries, Inc.	3.87%	1,923,649	$40M	added+7%	+1.03 pp	7 q
WPXWPX Energy, Inc.	3.75%	3,377,440	$38M	trimmed−14%	+0.33 pp	8 q
PEParsley Energy Inc	2.95%	1,888,694	$30M	trimmed−4%	+0.46 pp	6 q
ETEnergy Transfer LP	2.89%	2,236,528	$30M	trimmed−1%	+1.19 pp	7 q
LORLLoral Space and Communications, Inc.	2.85%	783,084	$29M	trimmed−17%	+0.99 pp	23 q
TMOThermo Fisher Scientific, Inc.	2.45%	112,200	$25M	trimmed−55%	−0.17 pp	4 q
MSFTMicrosoft Corp	2.44%	245,705	$25M	trimmed−73%	−2.12 pp	13 q
MPCMarathon Petroleum Corporation	2.39%	413,526	$24M	added+1%	+0.97 pp	3 q
unresolvedPennymac Finl Svcs Inc	2.23%	1,074,039	$23M	trimmed−5%	+1.20 pp	23 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.12%	87,000	$22M	trimmed−53%	−0.03 pp	4 q
COOPMr. Cooper Group Inc.	1.90%	1,663,000	$19M	new	+1.90 pp	new
MGYMagnolia Oil & Gas Corporation Class A	1.84%	1,683,400	$19M	trimmed−16%	+0.54 pp	2 q
ASPSAltisource Portfolio Solutions S.A.	1.77%	802,936	$18M	trimmed−18%	+0.41 pp	23 q
NBRNabors Industries Ltd.	1.72%	8,784,298	$18M	trimmed−16%	−1.06 pp	11 q
OCNOnity Group Inc.	1.66%	12,673,518	$17M	trimmed−12%	−0.80 pp	7 q
HESHess Corporation	1.49%	376,900	$15M	trimmed−16%	+0.10 pp	10 q
AMZNAmazon.Com Inc	1.10%	7,500	$11M	trimmed−26%	+0.22 pp	9 q
MVCMvc Capital Inc	0.16%	200,000	$2M	held	—	16 q
TCRDTHL Credit, Inc.	0.12%	200,000	$1M	added+5%	+0.05 pp	23 q
unresolvedChimera Investment Corp	0.10%	60,000	$1M	held	—	15 q
unresolvedEllington Financial LLC	0.09%	60,000	$920,000	held	—	21 q
ABRArbor Realty Trust, Inc.	0.08%	81,000	$816,000	held	—	17 q
NEWMUSA TODAY Co., Inc.	0.03%	25,000	$289,000	trimmed−99%	−1.52 pp	20 q
SNRNew Senior Investment Group Inc.	0.03%	70,000	$288,000	held	—	17 q
SBGISinclair, Inc. Class A	—	−3,321,183	—	exited	−4.08 pp	—
unresolvedKeane Group Inc	—	−4,644,505	—	exited	−2.49 pp	—
PVHPVH Corp.	—	−260,338	—	exited	−1.63 pp	—
ADBEAdobe Inc.	—	−109,400	—	exited	−1.28 pp	—
DISHDISH Network Corp.	—	−740,722	—	exited	−1.15 pp	—
DXCDXC Technology Company	—	−277,700	—	exited	−1.12 pp	—
unresolvedCigna Corporation	—	−107,500	—	exited	−0.97 pp	—
BCBrunswick Corporation	—	−273,069	—	exited	−0.79 pp	—
EMNEastman Chemical Company	—	−174,213	—	exited	−0.72 pp	—
MXLMaxLinear, Inc.	—	−739,301	—	exited	−0.64 pp	—
MUMicron Technology, Inc.	—	−327,700	—	exited	−0.64 pp	—
METAMeta Platforms, Inc. Class A	—	−88,200	—	exited	−0.63 pp	—
unresolvedWmih Corp	—	−9,150,000	—	exited	−0.55 pp	—
unresolvedAndeavor	—	−42,000	—	exited	−0.28 pp	—
DHCPQDitech Holding Corp	—	−312,901	—	exited	−0.06 pp	—
FGPFerrellgas Partners, L.P.	—	−430,000	—	exited	−0.04 pp	—
MDCAMDC Partners Inc. Class A (new)	—	−45,000	—	exited	−0.01 pp	—