Leon Cooperman Is Betting on These Stocks

Omega Advisors, managed by Leon Cooperman, revealed in the latest 13F, its holding for the fourth quarter of last year. The hedge fund now manages an equity portfolio worth $7 billion, which went up from $6.6 billion reported for the previous quarter. We have picked the top five holdings of in terms of value that Omega Advisors held in its equity portfolio at the end of last year.

Leon Cooperman Omega Advisors

Out of the top-five, the first on the list is Sprint Corporation (NYSE:S), in which Cooperman has boosted his position to 40.56 million shares, from the previous amount of 35.29 million shares. The value of the stake, has thus increased to $436.01 million from $219.49 million at the end of the third quarter.

Coming in second is American International Group Inc (NYSE:AIG), a global insurance company. The position amasses almost 5.85 million shares, slightly up in comparison with 5.81 million shares held at the end of September. The value of the holding went up to $298.44 million, from $282.38 million.

The next is SLM Corp (NASDAQ:SLM), a holding company, which operates in Consumer Lending, Business Services and FFELP Loans. Omega Advisors has slightly trimmed its position to 10.60 million shares, from the previous amount of 12.92 million shares, while the value decreased to $278.59 million, from $321.64 million at the end of the third quarter.

Omega Advisors’ fourth-largest holding is Sirius XM Holdings Inc. (NASDAQ:SIRI), represented by a $273.94 million stake. The fund holds 78.49 million shares, slightly up from 71.89 million shares it held at the end of September.

Omega Advisors’ fifth most valuable holding is an independent oil and natural gas company, SandRidge Energy Inc. (NYSE:SD). The stake was upped to 40.53 million shares, valued at $246.03 million, from 34.26 million shares held at the end of the third quarter.

Moreover, the fund added Sunedison Inc (NYSE:SUNE) to its equity portfolio in the fourth quarter, revealing a $105.75 million stake, which amasses 8.10 million shares; T-Mobile US Inc (NYSE:TMUS) is also a new position, of which the fund owns 3.04 million shares, worth $102.27 million. At the same time Omega Advisors dumped NYSE Euronext (NYSE:NYX), previously holding 4.12 million shares.

Disclosure: none

Recommended reading:

Hess Corp. (HES), Intel Corporation (INTC) Are Among Largest Holdings in Michael Price’ MFP Investors’ Latest 13F

Wallace R. Weitz Top Picks: Liberty Global plc (LBTYA), Berkshire Hathaway Inc. (BRK.B) & Others

Warren Buffett’s Stock Moves: Wells Fargo & Co (WFC) Remains Top Holding; DISH Network Corp (DISH) & GlaxoSmithKline plc (ADR) (GSK) Eliminated

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!