Cooperman (Omega)

Q4 2023 13F · by Leon Cooperman, CEO

As of: Dec 31, 2023
Filed: Feb 14, 2024
US stock: $2.1B · prev $1.9B
Positions: 50 · prev 54
Options notional: $0
Documents: 1· 1 amendment

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%

Moves31 since the prior filing

+3.8 pp in · −3.9 pp out

New 1 +0.01 pp
Added 19 +3.75 pp
Trimmed 6 −3.12 pp
Exited 5 −0.77 pp

The book

Focused · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 15% a year, about 6.8 years per position

Low
Moderate
High

Top 5 positions37% of US stock

COOP Mr. Cooper Group Inc. held held9.5%
ET Energy Transfer LP added−0.83 pp added−0.837.9%
APO Apollo Global Management, Inc. held held7.2%
LAD Lithia Motors, Inc. added+0.10 pp added+0.106.5%
WSC WillScot Holdings Corporation Class A added+0.40 pp added+0.406.3%

Revealed late, restated

restated 0 rows corrected by the filer · US stock 0.00%; later quarters recomputed 13F-HR/A · Feb 14, 2024 ↗

Positions50 in this filing · 5 exited


COOPMr. Cooper Group Inc.	9.47%	3,054,000	$199M	held	—	21 q
ETEnergy Transfer LP	7.92%	12,060,300	$166M	added+1%	−0.83 pp	27 q
APOApollo Global Management, Inc.	7.21%	1,625,000	$151M	held	—	8 q
LADLithia Motors, Inc.	6.52%	416,085	$137M	added0%	+0.10 pp	11 q
WSCWillScot Holdings Corporation Class A	6.33%	2,987,500	$133M	added+10%	+0.40 pp	13 q
VRTVertiv Holdings Co Class A	5.37%	2,350,000	$113M	trimmed−11%	+0.21 pp	14 q
DVNDevon Energy Corporation	4.74%	2,200,000	$100M	trimmed−4%	−1.00 pp	12 q
MSFTMicrosoft Corp	4.40%	245,705	$92M	held	—	33 q
GOOGLAlphabet Inc. Class A	4.32%	650,000	$91M	held	—	14 q
RRXRegal Rexnord Corporation	4.23%	600,000	$89M	added+29%	+0.75 pp	5 q
CIThe Cigna Group	3.86%	270,655	$81M	held	—	21 q
ASHAshland Inc.	3.85%	960,065	$81M	held	—	30 q
MIRMirion Technologies, Inc.	3.67%	7,513,400	$77M	added+2%	+0.78 pp	9 q
FISVFiserv, Inc.	3.04%	480,000	$64M	added+8%	+0.41 pp	18 q
ELVElevance Health, Inc.	2.92%	130,000	$61M	added+10%	+0.23 pp	3 q
LVSLas Vegas Sands Corp.	2.86%	1,220,000	$60M	added+22%	+0.46 pp	10 q
MPMP Materials Corp.	2.26%	2,392,200	$47M	added+7%	+0.02 pp	13 q
PXDPioneer Natural Resource Co.	2.14%	200,000	$45M	trimmed−32%	−1.39 pp	12 q
ABRArbor Realty Trust, Inc.	1.72%	2,381,194	$36M	held	—	37 q
DTMDT Midstream, Inc.	1.57%	600,000	$33M	added+13%	+0.10 pp	3 q
MANUManchester United PLC	1.51%	1,558,098	$32M	added+68%	+0.55 pp	2 q
MSIMotorola Solutions, Inc. New	1.49%	100,000	$31M	held	—	14 q
STKLSunOpta, Inc.	1.30%	4,985,000	$27M	added+3%	+0.44 pp	18 q
PLGOPelagos Insurance Capital Limited	1.19%	1,966,358	$25M	added×2.2	+0.49 pp	3 q
EPDEnterprise Products Partners L.P.	1.15%	916,535	$24M	added+12%	−0.02 pp	5 q
ADTADT Inc.	1.01%	3,100,000	$21M	held	—	5 q
VOOVanguard S&P 500 ETF	0.94%	45,173	$20M	added+1%	+0.02 pp	11 q
CCitigroup Inc.	0.73%	300,000	$15M	trimmed−57%	−0.78 pp	25 q
TDAYUSA TODAY Co., Inc.	0.42%	3,849,393	$9M	added+1%	−0.07 pp	40 q
CCAPCrescent Capital BDC, Inc.	0.33%	400,377	$7M	trimmed−5%	−0.05 pp	4 q
unresolvedFinance Of America Cos Inc	0.31%	6,000,000	$7M	added+1%	−0.09 pp	11 q
EFAiShares MSCI EAFE ETF	0.22%	60,937	$5M	held	—	11 q
EFCEllington Financial Inc.	0.17%	275,000	$3M	trimmed−35%	−0.11 pp	20 q
MSGSMadison Square Garden Sports Corp.	0.17%	20,000	$4M	held	—	2 q
OMFOneMain Holdings, Inc.	0.15%	62,824	$3M	held	—	4 q
DMACDiaMedica Therapeutics Inc.	0.12%	883,623	$3M	added+1%	0.00 pp	13 q
IIshares Core Msci Europe ETF	0.10%	38,388	$2M	added+10%	+0.01 pp	11 q
VGKVanguard FTSE Europe ETF	0.06%	20,162	$1M	held	—	11 q
VISNVistance Networks, Inc.	0.04%	265,710	$749,302	held	—	4 q
EWJiShares MSCI Japan ETF	0.04%	14,305	$917,523	held	—	11 q
SCHOSchwab Short-Term U.S. Treasury ETF	0.03%	13,864	$671,711	held	—	4 q
VTEBVanguard Tax-Exempt Bond Index Fund	0.03%	12,876	$657,320	held	—	5 q
URTHiShares MSCI World ETF	0.02%	3,329	$442,824	held	—	11 q
EWCiShares MSCI Canada ETF	0.02%	12,531	$459,637	held	—	11 q
EPPiShares MSCI Pacific ex Japan ETF	0.02%	7,610	$330,350	held	—	11 q
VGITVanguard Intermediate-Term Treasury ETF	0.02%	5,725	$339,607	held	—	6 q
FLCAFranklin FTSE Canada ETF	0.01%	5,750	$191,130	new	+0.01 pp	new
OBDCBlue Owl Capital Corporation	0.01%	12,000	$177,120	held	—	3 q
AESAES Corporation	0.00%	900	$17,325	held	—	17 q
BBDCBarings BDC, Inc.	0.00%	2,643	$22,677	held	—	13 q
BACBank of America Corporation	—	−400,000	—	exited	−0.57 pp	—
PNSTQPinstripes Holdings Inc A	—	−275,295	—	exited	−0.15 pp	—
IJHiShares Core S&P Mid-Cap ETF	—	−1,330	—	exited	−0.02 pp	—
IEIiShares 3-7 Year Treasury Bond ETF	—	−2,917	—	exited	−0.02 pp	—
IVWiShares S&P 500 Growth ETF	—	−2,500	—	exited	−0.01 pp	—