Cooperman (Omega)

Q3 2022 13F · by Leon Cooperman, CEO

As of: Sep 30, 2022
Filed: Aug 31, 2023
US stock: $1.4B · prev $1.5B
Positions: 56 · prev 52
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%

Moves27 since the prior filing

+5.4 pp in · −7.2 pp out

New 5 +1.99 pp
Added 8 +3.41 pp
Trimmed 13 −6.63 pp
Exited 1 −0.57 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 21% a year, about 4.8 years per position

Low
Moderate
High

Top 5 positions40% of US stock

DVN Devon Energy Corporation trimmed+0.98 pp trimmed+0.989.7%
COOP Mr. Cooper Group Inc. held held9.2%
ET Energy Transfer LP added+1.80 pp added+1.807.4%
CI The Cigna Group held held7.0%
GOOGL Alphabet Inc. Class A trimmed−2.28 pp trimmed−2.286.7%

Positions56 in this filing · 1 exited


DVNDevon Energy Corporation	9.71%	2,299,900	$138M	trimmed−0%	+0.98 pp	7 q
COOPMr. Cooper Group Inc.	9.21%	3,239,000	$131M	held	—	16 q
ETEnergy Transfer LP	7.43%	9,600,000	$106M	added+17%	+1.80 pp	22 q
CIThe Cigna Group	7.03%	360,873	$100M	held	—	16 q
GOOGLAlphabet Inc. Class A	6.71%	1,000,000	$96M	trimmed−17%	−2.28 pp	9 q
APOApollo Global Management, Inc.	6.00%	1,838,400	$85M	held	—	3 q
ASHAshland Inc.	5.81%	871,965	$83M	held	—	25 q
WSCWillScot Holdings Corporation Class A	5.66%	2,000,000	$81M	held	—	8 q
MPMP Materials Corp.	4.10%	2,139,900	$58M	held	—	8 q
MSFTMicrosoft Corp	4.02%	245,705	$57M	held	—	28 q
LADLithia Motors, Inc.	3.78%	250,753	$54M	added+67%	+0.95 pp	6 q
CTRACoterra Energy Inc.	3.74%	2,040,000	$53M	trimmed−11%	−0.34 pp	6 q
FISVFiserv, Inc.	2.92%	445,000	$42M	trimmed−48%	−2.34 pp	13 q
PXDPioneer Natural Resource Co.	2.81%	185,000	$40M	held	—	7 q
MIRMirion Technologies, Inc.	2.73%	5,203,320	$39M	held	—	4 q
ABRArbor Realty Trust, Inc.	2.03%	2,512,694	$29M	added+11%	−0.01 pp	32 q
VRTVertiv Holdings Co Class A	1.98%	2,900,100	$28M	added+20%	+0.61 pp	9 q
MSIMotorola Solutions, Inc. New	1.95%	124,000	$28M	held	—	9 q
STKLSunOpta, Inc.	1.83%	2,862,349	$26M	added+2%	+0.32 pp	13 q
LVSLas Vegas Sands Corp.	1.32%	500,000	$19M	held	—	5 q
CCitigroup Inc.	1.16%	395,000	$16M	held	—	20 q
unresolvedChimera Investment Corp	1.08%	2,883,684	$15M	trimmed−13%	−0.96 pp	30 q
VOOVanguard S&P 500 ETF	1.03%	44,746	$15M	held	—	6 q
AMZNAmazon.Com Inc	0.91%	115,000	$13M	new	+0.91 pp	new
OMFOneMain Holdings, Inc.	0.70%	340,000	$10M	new	+0.70 pp	new
unresolvedFinance Of America Cos Inc	0.54%	5,200,000	$8M	held	—	6 q
unresolvedFirst Eagle Alternative Capi	0.44%	2,177,810	$6M	held	—	9 q
ASPUAspen Group Inc	0.42%	2,470,000	$6M	held	—	15 q
EFCEllington Financial Inc.	0.38%	476,300	$5M	trimmed−41%	−0.44 pp	15 q
WBDWarner Bros. Discovery, Inc. Series A	0.36%	450,000	$5M	held	—	2 q
SDSandRidge Energy, Inc.	0.30%	262,754	$4M	new	+0.30 pp	new
TDAYUSA TODAY Co., Inc.	0.28%	2,627,100	$4M	added+11%	−0.19 pp	35 q
EFAiShares MSCI EAFE ETF	0.26%	65,750	$4M	held	—	6 q
BACBank of America Corporation	0.21%	100,000	$3M	held	—	3 q
TRNTrinity Industries, Inc.	0.19%	123,798	$3M	trimmed−79%	−0.81 pp	22 q
ONITOnity Group Inc.	0.17%	103,000	$2M	trimmed−47%	−0.19 pp	22 q
SMTSFSierra Metals Inc	0.13%	3,755,059	$2M	added+1%	−0.08 pp	12 q
IIshares Core Msci Europe ETF	0.10%	34,922	$1M	added+18%	+0.01 pp	6 q
IVWiShares S&P 500 Growth ETF	0.09%	23,214	$1M	held	—	6 q
DMACDiaMedica Therapeutics Inc.	0.07%	812,508	$1M	held	—	8 q
unresolvedVirgin Orbit Holdings Inc	0.07%	337,400	$1M	trimmed−30%	−0.06 pp	4 q
VGITVanguard Intermediate-Term Treasury ETF	0.06%	13,726	$800,363	new	+0.06 pp	new
VGKVanguard FTSE Europe ETF	0.04%	11,972	$552,508	held	—	6 q
EWCiShares MSCI Canada ETF	0.03%	12,531	$385,454	held	—	6 q
IEIiShares 3-7 Year Treasury Bond ETF	0.03%	3,996	$456,663	held	—	2 q
RTIXRTI Surgical Holdings, Inc.	0.03%	124,999	$434,997	held	—	15 q
URTHiShares MSCI World ETF	0.02%	3,329	$332,734	held	—	6 q
EPPiShares MSCI Pacific ex Japan ETF	0.02%	7,610	$285,527	trimmed−54%	−0.03 pp	6 q
IEFiShares 7-10 Year Treasury Bond ETF	0.02%	3,249	$311,872	held	—	3 q
EWJiShares MSCI Japan ETF	0.02%	5,915	$288,948	trimmed−53%	−0.03 pp	6 q
SLDPSolid Power, Inc. Class A	0.02%	55,373	$291,262	new	+0.02 pp	new
unresolvedVirgin Orbit Holdings Inc	0.02%	162,002	$285,885	held	—	3 q
CUROCURO Group Holdings Corp.	0.01%	30,000	$120,300	trimmed−54%	−0.01 pp	2 q
OBDCBlue Owl Capital Corporation	0.01%	12,000	$124,440	held	—	8 q
AESAES Corporation	0.00%	900	$20,340	held	—	12 q
BBDCBarings BDC, Inc.	0.00%	2,643	$21,858	trimmed−99%	−0.12 pp	8 q
BHCBausch Health Companies Inc	—	−1,000,000	—	exited	−0.57 pp	—