Cooperman (Omega)

Q1 2021 13F · by Leon Cooperman, CEO

As of: Mar 31, 2021
Filed: May 17, 2021
US stock: $1.6B · prev $1.4B
Positions: 55 · prev 46
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

+13.2 pp in · −12.3 pp out

New 17 +10.02 pp
Added 12 +3.21 pp
Trimmed 10 −5.12 pp
Exited 8 −7.14 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 44% a year, about 2.3 years per position

Low
Moderate
High

Top 5 positions36% of US stock

COOP Mr. Cooper Group Inc. trimmed−1.96 pp trimmed−1.969.2%
GOOGL Alphabet Inc. Class A held held7.7%
FISV Fiserv, Inc. held held7.7%
CI The Cigna Group held held6.4%
ATH Athene Holding Ltd-class A added+2.04 pp added+2.045.5%

Positions55 in this filing · 8 exited


COOPMr. Cooper Group Inc.	9.21%	4,249,000	$148M	trimmed−15%	−1.96 pp	10 q
GOOGLAlphabet Inc. Class A	7.72%	60,000	$124M	held	—	3 q
FISVFiserv, Inc.	7.65%	1,030,600	$123M	held	—	7 q
CIThe Cigna Group	6.41%	425,000	$103M	held	—	10 q
ATHAthene Holding Ltd-class A	5.46%	1,736,625	$88M	added+58%	+2.04 pp	3 q
MPMP Materials Corp.	5.44%	2,426,000	$87M	held	—	2 q
ASHAshland Inc.	4.44%	801,965	$71M	held	—	19 q
DVNDevon Energy Corporation	4.25%	3,120,069	$68M	new	+4.25 pp	new
TRNTrinity Industries, Inc.	3.82%	2,148,000	$61M	trimmed−29%	−1.92 pp	16 q
MSFTMicrosoft Corp	3.61%	245,705	$58M	held	—	22 q
FOEFerro Corporation	3.49%	3,320,869	$56M	held	—	6 q
ETEnergy Transfer LP	3.23%	6,737,500	$52M	added+4%	+0.36 pp	16 q
NAVINavient Corporation	2.80%	3,135,959	$45M	trimmed−5%	+0.46 pp	9 q
unresolvedChimera Investment Corp	2.69%	3,397,500	$43M	held	—	24 q
ABRArbor Realty Trust, Inc.	2.14%	2,153,937	$34M	trimmed−8%	−0.24 pp	26 q
AMZNAmazon.Com Inc	1.93%	10,000	$31M	trimmed−13%	−0.77 pp	18 q
VRTVertiv Holdings Co Class A	1.75%	1,400,000	$28M	added+8%	0.00 pp	3 q
CCitigroup Inc.	1.72%	380,000	$28M	added+3%	+0.08 pp	14 q
SNRNew Senior Investment Group Inc.	1.67%	4,293,200	$27M	trimmed−14%	−0.20 pp	26 q
STKLSunOpta, Inc.	1.57%	1,700,000	$25M	added+6%	+0.22 pp	7 q
MGYMagnolia Oil & Gas Corporation Class A	1.43%	1,994,548	$23M	trimmed−17%	+0.21 pp	11 q
GMGeneral Motors Company	1.34%	375,000	$22M	held	—	2 q
WSCWillScot Holdings Corporation Class A	1.34%	775,000	$22M	added+19%	+0.25 pp	2 q
ONITOnity Group Inc.	1.32%	742,661	$21M	trimmed−16%	−0.51 pp	16 q
BABAAlibaba Group Holding Limited	1.20%	85,000	$19M	new	+1.20 pp	new
IFFInternational Flavors & Fragrances Inc.	1.18%	135,000	$19M	new	+1.18 pp	new
MSIMotorola Solutions, Inc. New	1.17%	100,000	$19M	held	—	3 q
BBDCBarings BDC, Inc.	1.08%	1,734,270	$17M	added+4%	−0.02 pp	2 q
NRGNRG Energy, Inc.	0.95%	405,000	$15M	new	+0.95 pp	new
PSFEPaysafe Limited	0.95%	1,125,000	$15M	new	+0.95 pp	new
PXDPioneer Natural Resource Co.	0.79%	80,000	$13M	new	+0.79 pp	new
EFCEllington Financial Inc.	0.76%	760,000	$12M	held	—	9 q
unresolvedFirst Eagle Alternative Capi	0.71%	2,826,300	$11M	trimmed−2%	−0.05 pp	3 q
EPDEnterprise Products Partners L.P.	0.69%	500,000	$11M	held	—	3 q
ASPUAspen Group Inc	0.62%	1,650,000	$10M	added+65%	−0.18 pp	9 q
SMTSFSierra Metals Inc	0.55%	2,792,964	$9M	added×2.5	+0.28 pp	6 q
RPLAReplay Acquisition Corp	0.54%	900,000	$9M	new	+0.54 pp	new
TDAYUSA TODAY Co., Inc.	0.52%	1,545,062	$8M	held	—	29 q
CMCSAComcast Corp	0.51%	150,000	$8M	held	—	2 q
METAMeta Platforms, Inc. Class A	0.50%	27,000	$8M	held	—	5 q
unresolvedFalcon Minerals Corp	0.42%	1,500,000	$7M	added+30%	+0.16 pp	8 q
RTIXRTI Surgical Holdings, Inc.	0.16%	1,150,000	$3M	trimmed−40%	−0.14 pp	9 q
OBDCBlue Owl Capital Corporation	0.10%	112,000	$2M	added+12%	+0.01 pp	2 q
DMACDiaMedica Therapeutics Inc.	0.03%	50,000	$458,000	added+67%	+0.01 pp	2 q
unresolvedPontem Corp	0.03%	50,000	$495,000	new	+0.03 pp	new
unresolvedD And Z Media Acquisition Co	0.02%	25,000	$247,000	new	+0.02 pp	new
unresolvedRotor Acquisition Corp	0.02%	40,000	$400,000	new	+0.02 pp	new
unresolvedArctos Northstar Acquis Corp	0.02%	25,000	$250,000	new	+0.02 pp	new
JWSMFJaws Mustang Acq Corp A	0.02%	25,000	$254,000	new	+0.02 pp	new
unresolvedForesight Acquisition Corp	0.01%	10,000	$99,000	new	+0.01 pp	new
unresolvedLiberty Media Acquisition Co	0.01%	10,000	$107,000	new	+0.01 pp	new
NGAB.UNorthern Genesis Acquisition	0.01%	20,000	$205,000	new	+0.01 pp	new
unresolvedSpartan Acquisition Corp III	0.01%	10,000	$100,000	new	+0.01 pp	new
GBTGGlobal Business Travel Group, Inc.	0.01%	20,000	$200,000	new	+0.01 pp	new
AESAES Corporation	0.00%	900	$24,000	held	—	6 q
WPXWPX Energy, Inc.	—	−6,186,000	—	exited	−3.63 pp	—
PEParsley Energy Inc	—	−1,700,000	—	exited	−1.74 pp	—
AMCXAMC Global Media Inc. Class A	—	−500,000	—	exited	−1.29 pp	—
MNRLBrigham Minerals, Inc. Class A	—	−387,429	—	exited	−0.31 pp	—
BGSB&G Foods, Inc.	—	−50,000	—	exited	−0.10 pp	—
NBRNabors Industries Ltd.	—	−10,000	—	exited	−0.04 pp	—
ACGPAssociated Capital Grp A	—	−8,600	—	exited	−0.02 pp	—
GAMIGamco Investors Inc A	—	−8,600	—	exited	−0.01 pp	—