Billionaire Leon Cooperman Is Buying These 5 Stocks

4. Las Vegas Sands Corp. (NYSE:LVS)

Number of Hedge Fund Holders: 40

Percentage Increase in Stake During Q4: 24%

Las Vegas Sands Corp. (NYSE:LVS) owns and runs resorts. Cooperman first purchased a stake in the company in the fourth quarter of 2012. This was sold off completely in the next two quarters. He then opened a new position in the firm in the third quarter of 2021, adding to it in the fourth quarter. At the end of December, his fund owned 723,300 shares of Las Vegas Sands Corp. (NYSE:LVS) worth $27 million. 

Las Vegas Sands Corp. (NYSE:LVS) is one of the top resort stocks in the finance world. Among the hedge funds being tracked by Insider Monkey, New York-based firm DE Shaw is a leading shareholder in Las Vegas Sands Corp. (NYSE:LVS), with 7.4 million shares worth more than $278 million. 

In its Q3 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Las Vegas Sands Corp. (NYSE:LVS) was one of them. Here is what the fund said:

“Las Vegas Sands Corporation: In the most recent quarter, we exited the Fund’s holdings in Las Vegas Sands due to: (i) ongoing COVID-19-related travel restrictions in China, Macau, and Singapore; and (ii) the Macau government’s announcement to tighten its casino regulatory oversight.”