Cooperman (Omega)

Q3 2023 13F · by Leon Cooperman, CEO

As of: Sep 30, 2023
Filed: Nov 14, 2023
US stock: $1.9B · prev $1.8B
Positions: 54 · prev 54
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%

Moves19 since the prior filing

+3.0 pp in · −1.5 pp out

New 3 +1.16 pp
Added 8 +1.87 pp
Trimmed 5 −1.33 pp
Exited 3 −0.17 pp

The book

Focused · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 13% a year, about 8.0 years per position

Low
Moderate
High

Top 5 positions37% of US stock

ET Energy Transfer LP held held8.8%
COOP Mr. Cooper Group Inc. held held8.6%
APO Apollo Global Management, Inc. held held7.6%
LAD Lithia Motors, Inc. held held6.4%
WSC WillScot Holdings Corporation Class A added+0.10 pp added+0.105.9%

Positions54 in this filing · 3 exited


ETEnergy Transfer LP	8.75%	11,912,500	$167M	held	—	26 q
COOPMr. Cooper Group Inc.	8.57%	3,054,000	$164M	held	—	20 q
APOApollo Global Management, Inc.	7.64%	1,625,000	$146M	held	—	7 q
LADLithia Motors, Inc.	6.42%	415,000	$123M	held	—	10 q
WSCWillScot Holdings Corporation Class A	5.93%	2,725,000	$113M	added+21%	+0.10 pp	12 q
DVNDevon Energy Corporation	5.74%	2,299,900	$110M	held	—	11 q
VRTVertiv Holdings Co Class A	5.16%	2,650,000	$99M	trimmed−12%	+1.13 pp	13 q
GOOGLAlphabet Inc. Class A	4.45%	650,000	$85M	held	—	13 q
ASHAshland Inc.	4.11%	960,065	$78M	held	—	29 q
MSFTMicrosoft Corp	4.06%	245,705	$78M	held	—	32 q
CIThe Cigna Group	4.05%	270,655	$77M	trimmed−25%	−1.44 pp	20 q
PXDPioneer Natural Resource Co.	3.53%	293,546	$67M	held	—	11 q
RRXRegal Rexnord Corporation	3.48%	464,666	$66M	held	—	4 q
MIRMirion Technologies, Inc.	2.89%	7,400,000	$55M	held	—	8 q
ELVElevance Health, Inc.	2.69%	118,140	$51M	added+97%	+1.24 pp	2 q
FISVFiserv, Inc.	2.63%	445,000	$50M	held	—	17 q
LVSLas Vegas Sands Corp.	2.40%	1,000,000	$46M	added×2.0	+0.83 pp	9 q
MPMP Materials Corp.	2.24%	2,244,000	$43M	added+1%	−0.52 pp	12 q
ABRArbor Realty Trust, Inc.	1.89%	2,381,194	$36M	trimmed−31%	−0.89 pp	36 q
CCitigroup Inc.	1.51%	700,000	$29M	held	—	24 q
DTMDT Midstream, Inc.	1.47%	530,000	$28M	added+77%	+0.66 pp	2 q
MSIMotorola Solutions, Inc. New	1.43%	100,000	$27M	held	—	13 q
EPDEnterprise Products Partners L.P.	1.17%	815,000	$22M	held	—	4 q
ADTADT Inc.	0.97%	3,100,000	$19M	held	—	4 q
MANUManchester United PLC	0.96%	929,078	$18M	new	+0.96 pp	new
VOOVanguard S&P 500 ETF	0.92%	44,746	$18M	held	—	10 q
STKLSunOpta, Inc.	0.86%	4,849,691	$16M	added+21%	−0.59 pp	17 q
PLGOPelagos Insurance Capital Limited	0.70%	911,791	$13M	added+99%	+0.36 pp	2 q
BACBank of America Corporation	0.57%	400,000	$11M	held	—	7 q
TDAYUSA TODAY Co., Inc.	0.49%	3,816,393	$9M	held	—	39 q
unresolvedFinance Of America Cos Inc	0.40%	5,932,215	$8M	added+1%	−0.21 pp	10 q
CCAPCrescent Capital BDC, Inc.	0.38%	419,978	$7M	held	—	3 q
EFCEllington Financial Inc.	0.28%	425,000	$5M	trimmed−19%	−0.11 pp	19 q
EFAiShares MSCI EAFE ETF	0.22%	60,937	$4M	held	—	10 q
MSGSMadison Square Garden Sports Corp.	0.18%	20,000	$4M	new	+0.18 pp	new
PNSTQPinstripes Holdings Inc A	0.15%	275,295	$3M	held	—	2 q
OMFOneMain Holdings, Inc.	0.13%	62,824	$3M	held	—	3 q
DMACDiaMedica Therapeutics Inc.	0.12%	875,993	$2M	held	—	12 q
IIshares Core Msci Europe ETF	0.09%	34,922	$2M	held	—	10 q
VGKVanguard FTSE Europe ETF	0.06%	20,162	$1M	held	—	10 q
VISNVistance Networks, Inc.	0.05%	265,710	$892,786	held	—	3 q
EWJiShares MSCI Japan ETF	0.05%	14,305	$862,448	held	—	10 q
SCHOSchwab Short-Term U.S. Treasury ETF	0.03%	13,864	$663,947	held	—	3 q
VTEBVanguard Tax-Exempt Bond Index Fund	0.03%	12,876	$619,336	held	—	4 q
URTHiShares MSCI World ETF	0.02%	3,329	$400,046	held	—	10 q
EWCiShares MSCI Canada ETF	0.02%	12,531	$419,287	held	—	10 q
EPPiShares MSCI Pacific ex Japan ETF	0.02%	7,610	$302,726	held	—	10 q
IJHiShares Core S&P Mid-Cap ETF	0.02%	1,330	$331,636	new	+0.02 pp	new
IEIiShares 3-7 Year Treasury Bond ETF	0.02%	2,917	$330,088	held	—	6 q
VGITVanguard Intermediate-Term Treasury ETF	0.02%	5,725	$327,184	held	—	5 q
IVWiShares S&P 500 Growth ETF	0.01%	2,500	$171,050	trimmed−65%	−0.02 pp	10 q
OBDCBlue Owl Capital Corporation	0.01%	12,000	$162,480	held	—	2 q
AESAES Corporation	0.00%	900	$12,744	held	—	16 q
BBDCBarings BDC, Inc.	0.00%	2,643	$23,153	held	—	12 q
WBDWarner Bros. Discovery, Inc. Series A	—	−200,000	—	exited	−0.14 pp	—
unresolvedChimera Investment Corp	—	−30,834	—	exited	−0.03 pp	—
unresolvedVirgin Orbit Holdings Inc	—	−157,978	—	exited	0.00 pp	—