Billionaire Leon Cooperman’s 2022 Portfolio: Top 5 Stock Picks

3. Athene Holding Ltd. (NYSE:ATH-PA)

Omega Advisors’ Stake Value: $133 million

Percentage of Omega Advisors’ 13F Portfolio: 6.69%

Number of Hedge Fund Holders: N/A

Athene Holding Ltd. (NYSE:ATH-PA) is a retirement services company based in Hamilton, Bermuda. It offers several different kinds of services such as annuities, reinsurance, pension risk transfer products, and institutional products.

June 2022 proved to be a fruitful month for Athene Holding Ltd. (NYSE:ATH-PA) as the American defense and aerospace giant Lockheed Martin announced that it will transfer roughly $3.4 billion of its pension obligations to the company. The company will start administering retirement benefits from this transfer starting next year.

As December 2021 came to an end, Mr. Cooperman’s family office had disclosed a $133 million stake in Athene Holding Ltd. (NYSE:ATH-PA) which came through it holding 1.6 million shares of the company.