Leon Cooperman Buys AIG & Apple, Sells Wellpoint, Atlas, & CVS

Leon Cooperman photo (CC BY-ND 2.0) Insider MonkeyLeon Cooperman photo (CC BY-ND 2.0) Insider Monkey

Leon Cooperman Buys AIG & Apple, Sells Wellpoint, Atlas, & CVS

Billionaire hedge fund manager of Omega Advisors, Leon Cooperman, filed the 13f for his fund recently with the SEC. The total AUM of the fund is close to $7 billion, while the publicly disclosed long equity portfolio is worth $4.98 billion. The fund’s year to date performance has been brilliant so far (at least one of the funds). The highlights from third quarter are as listed:

Top Holdings

The fund’s top five holdings are in American International Group, Inc. (NYSE:AIG), SLM Corp (NASDAQ:SLM), Sprint Nextel Corporation (NYSE:S), Linn Energy LLC (NASDAQ:LINE), and Apple Inc. (NASDAQ:AAPL). 3,467,700 more shares (75 percent change) of American International Group, Inc. (NYSE:AIG) were bought in last quarter. Holdings in  SLM Corp (NASDAQ:SLM) was increased by buying 380,900 more shares.

New Holdings

The largest new buys were initiated in Walgreen Company (NYSE:WAG), Polycom Inc (NASDAQ:PLCM), Ctrip.com International, LTD  (NASDAQ:CTRP), TiVo Inc. (NASDAQ:TIVO), Atmel Corporation (NASDAQ:ATML), Fortress Investment Group LLC (NYSE:FIG), SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and Family Dollar Stores (NYSE:FDO).

Additions

Omega Advisors increased their stakes in 32 stocks in the last quarter.

Holding in Motorola Solutions Inc (NYSE:MSI) was increased to 2,017,400 shares, Halliburton Company (NYSE:HAL) to 3,254,700 shares, DISH Network Corp. (NASDAQ:DISH) to 4,513,893 shares, Boston Scientific Corporation (NYSE:BSX) to 14,331,900 shares, Capital one Financial Corp. (NYSE:COF) to 1,234,900 shares, and Humana Inc. (NYSE:HUM) to 1,245,300 shares.

A smaller percentage of new shares were also bought in Google Inc (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), and Qualcomm, Inc. (NASDAQ:QCOM).

Reductions

Holdings were reduced in 27 stocks. Significant cuts were made in Wellpoint, Inc. (NYSE:WLP), Atlas Pipelines Partners, L.P. (NYSE:APL), Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), Broadridge Financial Solutions, Inc. (NYSE:BR), Ocwen Financial Corporation (NYSE:OCN), JPMorgan Chase & Co. (NYSE:JPM), McDermott International (NYSE:MDR), CVS Caremark Corporation (NYSE:CVS), and several others.

Cooperman sold his entire stakes in Citrix Systems, Inc. (NASDAQ:CTXS), United Continental Holdings Inc (NYSE:UAL), Lam Research Corporaton (NASDAQ:LRCX), The McGraw-Hill Companies, Inc. (NYSE:MHP), and Blackstone Group L.P. (NYSE:BX), in the last quarter.

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About the Author

Tabinda Hussain
Tabi covers hedge funds for ValueWalk. Although Tabi is an expert in hedge funds, her academic background is in Biology. Follow her on twitter @tabihussain

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