Leon Cooperman Finds A New Mega-Cap Lover in Google Inc (GOOGL)

Of the top three mega-caps held by Omega, Actavis plc (NYSE:ACT) has been the best performer this year so far with the stock gaining some 13% year-to-date. The company is also Omega’s largest equity holding, according to the fund’s latest filing, with about 934,600 shares valued at $242.89 million. Healthcare has been a high performing sector this year so far with a rise of 10.74% year-to-date, according to Morningstar data. Actavis plc (NYSE:ACT) is also found in the equity portfolio of  Dan Loeb‘s Third Point.

Moving on to the disappointments in the mega-cap space we find Omega’s second largest equity holding, Citigroup Inc (NYSE:C), in which Omega holds 4.25 million shares valued at $229.72 million as of the end of 2014. The $162.42 billion financial services company has depreciated by 0.31% year-to-date. Fines have cut into the company’s profitability. In total these punitive damages amount to $12.8 billion since the 2007 financial crisis. Ken Griffin is another fund manger betting on Citigroup Inc (NYSE:C), as he held some 10.46 million shares of the company in the portfolio of his fund, Citadel Investment Group.

Lastly, Omega’s holding in Comcast Corporation (NASDAQ:CMCSK) amounting to 1.78 million shares valued at $102.41 million has been anything but a high performer. The company’s stock has appreciated by just 0.57% year-to-date, which is rather disappointing given the S&P 500 ETF (SPY)’s returns during the same period. Comcast Corporation (NASDAQ:CMCSK) faced a set back recently as its merger with Time Warner Cable Inc (NYSE:TWC) failed to materialize after after more than a year of working through the deal’s difficult regulatory landscape. Paul Ruddock and Steve Heinz’s Lansdowne Partners held 24.77 million shares of Comcast Corporation (NASDAQ:CMCSK) at the end of the fourth quarter.

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