29 Percent of Billionaire Cooperman’s Portfolio is Invested in These 5 Dividend Stocks

2. Lithia Motors, Inc. (NYSE:LAD)

Number of Q4 2023 Hedge Fund Shareholders: 27

Cooperman’s Q4 2023 Stake: $137 million

Annual Dividend Yield: 0.66%

Lithia Motors, Inc. (NYSE:LAD) is a car retailer that sells vehicles and also provides maintenance services. The firm has been busy expanding its operational footprint in 2024 and bought a rival firm in Minnesota with the potential of adding as much as $900 million in revenue.

Insider Monkey’s fourth quarter of 2023 survey covering 933 hedge funds revealed that 27 had invested in the firm. Lithia Motors, Inc. (NYSE:LAD)’s biggest investor in our database is David Abarms’s Abrams Capital Management as it owns $787 million worth of shares.

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