Cooperman (Omega)

Q1 2019 13F · by Leon Cooperman, CEO

As of: Mar 31, 2019
Filed: May 15, 2019
US stock: $1.6B · prev $1.0B
Positions: 55 · prev 35
Options notional: $0
Documents: 1· no amendments

Picture98.7% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 98.7%
Foreign stock not listed in the US 1.3%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves46 since the prior filing

+26.9 pp in · −11.7 pp out

New 23 +10.15 pp
Added 15 +16.72 pp
Trimmed 5 −7.62 pp
Exited 3 −4.09 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.4 years per position

Low
Moderate
High

Top 5 positions36% of US stock

FDC First Data Corporation added+7.17 pp added+7.1711.1%
GOOGL Alphabet Inc. Class A added−0.56 pp added−0.567.8%
UAL United Airlines Holdings, Inc. held held5.7%
unresolved Chimera Investment Corp added+5.43 pp added+5.435.5%
CI The Cigna Group added+0.76 pp added+0.765.4%

Positions55 in this filing · 3 exited


FDCFirst Data Corporation	11.12%	6,919,681	$182M	added×2.9	+7.17 pp	14 q
GOOGLAlphabet Inc. Class A	7.85%	109,000	$128M	added+32%	−0.56 pp	14 q
UALUnited Airlines Holdings, Inc.	5.66%	1,160,802	$93M	held	—	22 q
unresolvedChimera Investment Corp	5.53%	4,822,500	$90M	added×80.4	+5.43 pp	16 q
CIThe Cigna Group	5.36%	545,000	$88M	added×2.2	+0.76 pp	2 q
NLSNNielsen Holdings PLC	3.80%	2,627,200	$62M	held	—	3 q
ASHAshland Inc.	3.66%	766,563	$60M	held	—	11 q
unresolvedDowdupont Inc	3.57%	1,096,000	$58M	added+17%	−1.32 pp	7 q
WPXWPX Energy, Inc.	3.15%	3,930,000	$52M	added+16%	−0.60 pp	9 q
CCitigroup Inc.	2.91%	765,600	$48M	held	—	6 q
AMCXAMC Global Media Inc. Class A	2.80%	806,356	$46M	held	—	9 q
ETEnergy Transfer LP	2.78%	2,960,550	$46M	added+32%	−0.11 pp	8 q
NRGNRG Energy, Inc.	2.68%	1,032,000	$44M	held	—	4 q
TRNTrinity Industries, Inc.	2.56%	1,923,649	$42M	held	—	8 q
PEParsley Energy Inc	2.23%	1,888,694	$36M	held	—	7 q
unresolvedTwin River Worldwide Holding	2.20%	1,200,000	$36M	new	+2.20 pp	new
ABRArbor Realty Trust, Inc.	2.12%	2,666,703	$35M	added×32.9	+2.04 pp	18 q
NBRNabors Industries Ltd.	2.00%	9,484,298	$33M	added+8%	+0.28 pp	12 q
TMOThermo Fisher Scientific, Inc.	1.88%	112,200	$31M	held	—	5 q
MPCMarathon Petroleum Corporation	1.83%	500,000	$30M	added+21%	−0.56 pp	4 q
MSFTMicrosoft Corp	1.77%	245,705	$29M	held	—	14 q
CVSCvs Health Corporation	1.65%	500,000	$27M	trimmed−37%	−3.45 pp	4 q
NEWMUSA TODAY Co., Inc.	1.63%	2,542,400	$27M	added×101.7	+1.60 pp	21 q
LORLLoral Space and Communications, Inc.	1.58%	715,268	$26M	trimmed−9%	−1.27 pp	24 q
SNRNew Senior Investment Group Inc.	1.42%	4,253,161	$23M	added×60.8	+1.39 pp	18 q
HESHess Corporation	1.39%	376,900	$23M	held	—	11 q
PFSIPennyMac Financial Services, Inc.	1.33%	975,393	$22M	new	+1.33 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.31%	86,489	$21M	trimmed−1%	−0.81 pp	5 q
unresolvedAltisource Portfolio Sol	1.31%	902,936	$21M	new	+1.31 pp	new
MGYMagnolia Oil & Gas Corporation Class A	1.28%	1,745,429	$21M	added+4%	−0.56 pp	3 q
EFCEllington Financial Inc.	1.27%	1,160,000	$21M	new	+1.27 pp	new
TCRDTHL Credit, Inc.	1.12%	2,784,100	$18M	added×13.9	+1.00 pp	24 q
OCNOnity Group Inc.	1.01%	9,090,670	$17M	trimmed−28%	−0.65 pp	8 q
MVCMvc Capital Inc	0.92%	1,658,623	$15M	added×8.3	+0.76 pp	17 q
CNCCentene Corporation	0.89%	275,000	$15M	new	+0.89 pp	new
AMZNAmazon.Com Inc	0.82%	7,500	$13M	held	—	10 q
ADBEAdobe Inc.	0.62%	38,000	$10M	new	+0.62 pp	new
RITMRithm Capital Corp.	0.52%	500,000	$8M	new	+0.52 pp	new
COOPMr. Cooper Group Inc.	0.46%	780,000	$7M	trimmed−53%	−1.44 pp	2 q
DALDelta Air Lines, Inc.	0.39%	125,000	$6M	new	+0.39 pp	new
PARRPar Pacific Holdings, Inc.	0.37%	340,076	$6M	new	+0.37 pp	new
NAVINavient Corporation	0.35%	489,064	$6M	new	+0.35 pp	new
ASPUAspen Group Inc	0.33%	1,000,000	$5M	new	+0.33 pp	new
unresolvedGlobal Eagle Entmt Inc	0.13%	3,100,000	$2M	new	+0.13 pp	new
RESIFront Yard Residential Corp	0.11%	200,000	$2M	new	+0.11 pp	new
unresolvedMcClatchy Company Cl A	0.09%	304,417	$2M	new	+0.09 pp	new
RTIXRTI Surgical Holdings, Inc.	0.07%	198,000	$1M	new	+0.07 pp	new
SLViShares Silver Trust	0.04%	50,000	$709,000	new	+0.04 pp	new
unresolvedChurchill Capital Corp	0.03%	40,000	$538,000	new	+0.03 pp	new
FSICFS KKR Capital Corp.	0.03%	84,000	$508,000	new	+0.03 pp	new
unresolvedTwo Hbrs Invt Corp	0.03%	37,500	$507,000	new	+0.03 pp	new
ACGPAssociated Capital Grp A	0.02%	8,600	$340,000	new	+0.02 pp	new
GAMIGamco Investors Inc A	0.01%	8,600	$176,000	new	+0.01 pp	new
GPMTGranite Point Mortgage Trust Inc.	0.01%	7,107	$132,000	new	+0.01 pp	new
AESAES Corporation	0.00%	900	$16,000	new	0.00 pp	new
unresolvedPennymac Finl Svcs Inc	—	−1,074,039	—	exited	−2.23 pp	—
ASPSAltisource Portfolio Solutions S.A.	—	−802,936	—	exited	−1.77 pp	—
unresolvedEllington Financial LLC	—	−60,000	—	exited	−0.09 pp	—