Cooperman (Omega)

Q4 2022 13F · by Leon Cooperman, CEO

As of: Dec 31, 2022
Filed: Aug 30, 2023
US stock: $1.6B · prev $1.4B
Positions: 55 · prev 56
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%

Moves28 since the prior filing

+6.4 pp in · −5.1 pp out

New 4 +5.14 pp
Added 11 +1.31 pp
Trimmed 8 −4.16 pp
Exited 5 −0.95 pp

The book

Concentrated · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 12% a year, about 8.2 years per position

Low
Moderate
High

Top 5 positions39% of US stock

DVN Devon Energy Corporation held held8.8%
COOP Mr. Cooper Group Inc. held held8.1%
CI The Cigna Group held held7.4%
ET Energy Transfer LP added−0.04 pp added−0.047.4%
APO Apollo Global Management, Inc. held held7.3%

Positions55 in this filing · 5 exited


DVNDevon Energy Corporation	8.78%	2,299,900	$141M	held	—	8 q
COOPMr. Cooper Group Inc.	8.07%	3,239,000	$130M	held	—	17 q
CIThe Cigna Group	7.42%	360,873	$120M	held	—	17 q
ETEnergy Transfer LP	7.39%	10,032,504	$119M	added+5%	−0.04 pp	23 q
APOApollo Global Management, Inc.	7.28%	1,838,400	$117M	held	—	4 q
ASHAshland Inc.	5.82%	871,965	$94M	held	—	26 q
WSCWillScot Holdings Corporation Class A	5.61%	2,000,000	$90M	held	—	9 q
LADLithia Motors, Inc.	5.22%	410,753	$84M	added+64%	+1.44 pp	7 q
GOOGLAlphabet Inc. Class A	5.20%	950,000	$84M	trimmed−5%	−1.51 pp	10 q
MSFTMicrosoft Corp	3.66%	245,705	$59M	held	—	29 q
RRXRegal Rexnord Corporation	3.46%	464,666	$56M	new	+3.46 pp	new
MPMP Materials Corp.	3.35%	2,225,000	$54M	added+4%	−0.75 pp	9 q
FISVFiserv, Inc.	2.79%	445,000	$45M	held	—	14 q
PXDPioneer Natural Resource Co.	2.62%	185,000	$42M	held	—	8 q
MIRMirion Technologies, Inc.	2.61%	6,366,073	$42M	added+22%	−0.12 pp	5 q
VRTVertiv Holdings Co Class A	2.48%	2,930,100	$40M	added+1%	+0.50 pp	10 q
ABRArbor Realty Trust, Inc.	2.06%	2,512,694	$33M	held	—	33 q
MSIMotorola Solutions, Inc. New	1.98%	124,000	$32M	held	—	10 q
STKLSunOpta, Inc.	1.59%	3,034,265	$26M	added+6%	−0.24 pp	14 q
LVSLas Vegas Sands Corp.	1.49%	500,000	$24M	held	—	6 q
CTRACoterra Energy Inc.	1.24%	815,000	$20M	trimmed−60%	−2.50 pp	7 q
EPDEnterprise Products Partners L.P.	1.18%	790,000	$19M	new	+1.18 pp	new
CCitigroup Inc.	1.11%	395,000	$18M	held	—	21 q
unresolvedChimera Investment Corp	1.00%	2,863,684	$16M	trimmed−1%	−0.08 pp	31 q
VOOVanguard S&P 500 ETF	0.98%	44,746	$16M	held	—	7 q
BACBank of America Corporation	0.82%	400,000	$13M	added×4.0	+0.61 pp	4 q
AMZNAmazon.Com Inc	0.60%	115,000	$10M	held	—	2 q
unresolvedFirst Eagle Alternative Capi	0.57%	2,150,410	$9M	trimmed−1%	+0.13 pp	10 q
ADTADT Inc.	0.46%	825,000	$7M	new	+0.46 pp	new
unresolvedFinance Of America Cos Inc	0.44%	5,570,045	$7M	added+7%	−0.10 pp	7 q
ASPUAspen Group Inc	0.36%	2,470,000	$6M	held	—	16 q
TDAYUSA TODAY Co., Inc.	0.36%	2,885,186	$6M	added+10%	+0.08 pp	36 q
EFCEllington Financial Inc.	0.34%	446,300	$6M	trimmed−6%	−0.04 pp	16 q
SDSandRidge Energy, Inc.	0.28%	262,754	$4M	held	—	2 q
EFAiShares MSCI EAFE ETF	0.27%	65,750	$4M	held	—	7 q
WBDWarner Bros. Discovery, Inc. Series A	0.25%	425,000	$4M	trimmed−6%	−0.11 pp	3 q
ONITOnity Group Inc.	0.19%	100,000	$3M	trimmed−3%	+0.02 pp	23 q
IIshares Core Msci Europe ETF	0.10%	34,922	$2M	held	—	7 q
DMACDiaMedica Therapeutics Inc.	0.08%	812,508	$1M	held	—	9 q
IVWiShares S&P 500 Growth ETF	0.08%	23,214	$1M	held	—	7 q
VGITVanguard Intermediate-Term Treasury ETF	0.05%	13,726	$802,696	held	—	2 q
IEFiShares 7-10 Year Treasury Bond ETF	0.04%	6,506	$623,145	added×2.0	+0.02 pp	4 q
SMTSFSierra Metals Inc	0.04%	4,063,292	$702,137	added+8%	−0.09 pp	13 q
VGKVanguard FTSE Europe ETF	0.04%	11,972	$663,728	held	—	7 q
VTEBVanguard Tax-Exempt Bond Index Fund	0.04%	12,876	$637,233	new	+0.04 pp	new
EWCiShares MSCI Canada ETF	0.03%	12,531	$410,140	held	—	7 q
IEIiShares 3-7 Year Treasury Bond ETF	0.03%	3,996	$459,100	held	—	3 q
URTHiShares MSCI World ETF	0.02%	3,329	$363,693	held	—	7 q
EPPiShares MSCI Pacific ex Japan ETF	0.02%	7,610	$325,632	held	—	7 q
EWJiShares MSCI Japan ETF	0.02%	5,915	$322,013	held	—	7 q
unresolvedVirgin Orbit Holdings Inc	0.02%	162,002	$285,885	held	—	4 q
OBDCBlue Owl Capital Corporation	0.01%	12,000	$138,600	held	—	9 q
AESAES Corporation	0.00%	900	$25,884	held	—	13 q
BBDCBarings BDC, Inc.	0.00%	2,643	$21,540	held	—	9 q
unresolvedVirgin Orbit Holdings Inc	0.00%	210,637	$0	trimmed−38%	−0.07 pp	5 q
OMFOneMain Holdings, Inc.	—	−340,000	—	exited	−0.70 pp	—
TRNTrinity Industries, Inc.	—	−123,798	—	exited	−0.19 pp	—
RTIXRTI Surgical Holdings, Inc.	—	−124,999	—	exited	−0.03 pp	—
SLDPSolid Power, Inc. Class A	—	−55,373	—	exited	−0.02 pp	—
CUROCURO Group Holdings Corp.	—	−30,000	—	exited	−0.01 pp	—