Cooperman (Omega)

Q2 2019 13F · by Leon Cooperman, CEO

As of: Jun 30, 2019
Filed: Aug 14, 2019
US stock: $1.7B · prev $1.6B
Positions: 58 · prev 55
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%

Moves42 since the prior filing

+10.4 pp in · −9.6 pp out

New 10 +7.32 pp
Added 17 +3.12 pp
Trimmed 8 −5.92 pp
Exited 7 −3.65 pp

The book

Focused · behaves like 25 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 39% a year, about 2.5 years per position

Low
Moderate
High

Top 5 positions35% of US stock

FDC First Data Corporation held held11.1%
GOOGL Alphabet Inc. Class A held held7.0%
UAL United Airlines Holdings, Inc. held held6.0%
unresolved Chimera Investment Corp trimmed−0.18 pp trimmed−0.185.3%
CI The Cigna Group held held5.1%

Positions58 in this filing · 7 exited


FDCFirst Data Corporation	11.12%	6,919,681	$187M	held	—	15 q
GOOGLAlphabet Inc. Class A	7.01%	109,000	$118M	held	—	15 q
UALUnited Airlines Holdings, Inc.	6.03%	1,160,802	$102M	held	—	23 q
unresolvedChimera Investment Corp	5.35%	4,772,500	$90M	trimmed−1%	−0.18 pp	17 q
CIThe Cigna Group	5.10%	545,000	$86M	held	—	3 q
ASHAshland Inc.	3.64%	766,563	$61M	held	—	12 q
NLSNNielsen Holdings PLC	3.39%	2,527,200	$57M	trimmed−4%	−0.41 pp	4 q
WPXWPX Energy, Inc.	3.21%	4,692,500	$54M	added+19%	+0.06 pp	10 q
CCitigroup Inc.	3.18%	765,600	$54M	held	—	7 q
TRNTrinity Industries, Inc.	2.91%	2,361,092	$49M	added+23%	+0.35 pp	9 q
ETEnergy Transfer LP	2.66%	3,185,550	$45M	added+8%	−0.12 pp	9 q
AMCXAMC Global Media Inc. Class A	2.61%	806,356	$44M	held	—	10 q
NBRNabors Industries Ltd.	2.23%	12,950,000	$38M	added+37%	+0.23 pp	13 q
NRGNRG Energy, Inc.	2.15%	1,032,000	$36M	held	—	5 q
PEParsley Energy Inc	2.13%	1,888,694	$36M	held	—	8 q
unresolvedTwin River Worldwide Holding	2.12%	1,200,000	$36M	held	—	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.05%	141,500	$35M	added+64%	+0.74 pp	6 q
NEWMUSA TODAY Co., Inc.	1.98%	3,536,400	$33M	added+39%	+0.35 pp	22 q
TMOThermo Fisher Scientific, Inc.	1.96%	112,200	$33M	held	—	6 q
MSFTMicrosoft Corp	1.95%	245,705	$33M	held	—	15 q
ABRArbor Realty Trust, Inc.	1.77%	2,455,828	$30M	trimmed−8%	−0.35 pp	19 q
SNRNew Senior Investment Group Inc.	1.70%	4,253,161	$29M	held	—	19 q
unresolvedDowdupont Inc	1.63%	366,400	$28M	trimmed−67%	−1.94 pp	8 q
HESHess Corporation	1.52%	403,800	$26M	added+7%	+0.13 pp	12 q
MGYMagnolia Oil & Gas Corporation Class A	1.31%	1,912,476	$22M	added+10%	+0.03 pp	4 q
NAVINavient Corporation	1.31%	1,613,488	$22M	added×3.3	+0.96 pp	2 q
FANGDiamondback Energy, Inc.	1.29%	200,000	$22M	new	+1.29 pp	new
OCNOnity Group Inc.	1.20%	9,725,057	$20M	added+7%	+0.19 pp	9 q
TCRDTHL Credit, Inc.	1.11%	2,814,219	$19M	added+1%	−0.01 pp	25 q
WFCWells Fargo & Co.	1.11%	395,000	$19M	new	+1.11 pp	new
ASPSAltisource Portfolio Solutions S.A.	1.11%	947,503	$19M	new	+1.11 pp	new
CNCCentene Corporation	1.09%	350,000	$18M	added+27%	+0.20 pp	2 q
MPCMarathon Petroleum Corporation	1.09%	330,000	$18M	trimmed−34%	−0.74 pp	5 q
CCLCarnival Corporation Ltd.	1.08%	390,000	$18M	new	+1.08 pp	new
DOWDow Inc.	1.07%	366,389	$18M	new	+1.07 pp	new
EFCEllington Financial Inc.	0.92%	860,000	$15M	trimmed−26%	−0.35 pp	2 q
MVCMvc Capital Inc	0.91%	1,664,077	$15M	added0%	−0.01 pp	18 q
AMZNAmazon.Com Inc	0.84%	7,500	$14M	held	—	11 q
ADBEAdobe Inc.	0.66%	38,000	$11M	held	—	2 q
CTVACorteva, Inc.	0.64%	366,400	$11M	new	+0.64 pp	new
LORLLoral Space and Communications, Inc.	0.59%	287,243	$10M	trimmed−60%	−0.99 pp	25 q
VICIVICI Properties Inc.	0.52%	400,000	$9M	new	+0.52 pp	new
RITMRithm Capital Corp.	0.46%	500,000	$8M	held	—	2 q
COOPMr. Cooper Group Inc.	0.42%	890,000	$7M	added+14%	−0.04 pp	3 q
PARRPar Pacific Holdings, Inc.	0.41%	340,076	$7M	held	—	2 q
PFSIPennyMac Financial Services, Inc.	0.37%	279,389	$6M	trimmed−71%	−0.96 pp	2 q
CRWDCrowdStrike Holdings, Inc. Class A	0.28%	70,000	$5M	new	+0.28 pp	new
ASPUAspen Group Inc	0.23%	1,000,000	$4M	held	—	2 q
unresolvedFalcon Minerals Corp	0.20%	403,000	$3M	new	+0.20 pp	new
SLViShares Silver Trust	0.13%	150,000	$2M	added×3.0	+0.09 pp	2 q
unresolvedMcClatchy Company Cl A	0.07%	441,050	$1M	added+45%	−0.02 pp	2 q
RTIXRTI Surgical Holdings, Inc.	0.06%	245,532	$1M	added+24%	−0.01 pp	2 q
unresolvedTwo Hbrs Invt Corp	0.03%	37,500	$475,000	held	—	2 q
ACGPAssociated Capital Grp A	0.02%	8,600	$322,000	held	—	2 q
TPCOTribune Publishing Company	0.02%	52,011	$415,000	new	+0.02 pp	new
GAMIGamco Investors Inc A	0.01%	8,600	$165,000	held	—	2 q
GPMTGranite Point Mortgage Trust Inc.	0.01%	7,107	$136,000	held	—	2 q
AESAES Corporation	0.00%	900	$15,000	held	—	2 q
CVSCvs Health Corporation	—	−500,000	—	exited	−1.65 pp	—
unresolvedAltisource Portfolio Sol	—	−902,936	—	exited	−1.31 pp	—
DALDelta Air Lines, Inc.	—	−125,000	—	exited	−0.39 pp	—
unresolvedGlobal Eagle Entmt Inc	—	−3,100,000	—	exited	−0.13 pp	—
RESIFront Yard Residential Corp	—	−200,000	—	exited	−0.11 pp	—
unresolvedChurchill Capital Corp	—	−40,000	—	exited	−0.03 pp	—
FSICFS KKR Capital Corp.	—	−84,000	—	exited	−0.03 pp	—