Leon Cooperman Sells $F, Reduces $UAL and Goes Crazy for $RIMM

Leon Cooperman, the billionaire behind Omega Advisors really shook things up in the third quarter. He sold out of big positions in large cap companies and placed bets on a few businesses that have had iffy performance.

Leon Cooperman Sold Position in Ford, Cut $UAL

Leon Cooperman reduced his portfolio from $4.4 billion at the end of June to $3.4 billion at the end of the third quarter. Cooperman also reduced the number of his positions. He had had 70 positions in June and now has just 59 positions. Cooperman completely sold out of Ford (F) and slashed his stake in United Continental (UAL).

OMEGA ADVISORS

Leon Cooperman Makes Big Bets on $RIMM, Others

Leon Cooperman is bullish on Reseearch in Motion (RIMM), the company that makes BlackBerry. RIMM has fallen almost 70% this year on competition from iPhone and Android phones and technical issues plaguing the BlackBerry platform. He bought a new position in the company in the third quarter of 1.425 million shares. Cooperman increased his stake in eBay (EBAY) and E*Trade (ETFC). He also bought new stakes in American Eagle Outfitters (AEO), Forest Oil (FST), McGraw Hill (MHP), Microsoft (MSFT), NYSE Euronext (NYX) and Qualcomm (QCOM). Cooperman doubled his stake in Apple (AAPL) as well.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!