Billionaire Leon Cooperman is Crazy About these 5 Stocks

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In this article, we will review why billionaire Leon Cooperman is crazy about these 5 stocks. For Leon Cooperman’s portfolio management strategy, history, and hedge fund performance, please see Billionaire Leon Cooperman is Crazy About these 10 Stocks.

5. MP Materials Corp. (NYSE: MP)         

Cooperman’s Stake Value: $87,215,000
Percentage of Leon Cooperman’s 13F Portfolio: 5.44%
Number of Hedge Fund Holders: 29

Omega Advisors initiated a position in MP Materials Corp. (NYSE: MP) during the third quarter of last year and left the position unchanged in the first quarter of 2021. The firm held 2.4 million shares of MP at the end of the first quarter, weighted around 5.44% of the overall portfolio. The company does not offer dividends to investors. However, its share price appreciated 11% since the beginning of this year.

Prominent investors were in a less optimistic mood. MP Materials was in 29 hedge funds’ portfolios at the end of the March quarter compared to 32 positions in the previous quarter.



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