Billionaire Lee Cooperman Unveils His Top Picks For The First Quarter

American International Group Inc (NYSE:AIG)’s stake was slashed by 3% during the quarter to 3.87 million shares valued at $212.29 million. Omega has continuously held a position in American International Group Inc (NYSE:AIG) since the first quarter of 2007. The $78.48 billion insurance company’s stock has appreciated by a modest 5.09% so far this year. Last year, during the SALT conference Cooperman said: “We think AIG over the next three years gets to a 10 percent ROE, and that gets you into the mid-$60s stock price.” American International Group Inc (NYSE:AIG) is proceeding with its integration plans in Japan, which involve the merger of its subsidiaries AIU Insurance Company, Ltd and The Fuji Fire and Marine Insurance. However, the date of completion has been moved to the second half of 2016 from the second half of this year. Among other notable shareholders of American International Group Inc (NYSE:AIG) is Bruce Berkowitz‘s Fairholme Capital Management.

After a 3% decrease of the stake in Sirius XM Holdings Inc. (NASDAQ:SIRI), Omega owns 55.90 million shares valued at $213.52 million. Sirius XM Holdings Inc. (NASDAQ:SIRI)’s stock is up by 11.71% so far this year. Despite double digit growth in net income during the first quarter as compared to last year, Sirius XM Holdings Inc. (NASDAQ:SIRI) missed the analyst estimates for both the top and bottom line. Peter Adam Hochfelder’s Brahman Capital is the largest stockholder of Sirius XM Holdings Inc. (NASDAQ:SIRI), according to our database.

Disclosure: None