Billionaire Leon Cooperman’s Long-Term Stock Picks: Top 5 Stocks

3. Citigroup Inc. (NYSE:C)

Omega Advisor’s Q3 2023 Investment Value: $28.7 million

First Purchase: 2011

Citigroup Inc. (NYSE:C) is an American investment and retail bank. Between the 11 years starting from Q1 2012 to Q3 2023, Leon Cooperman has owned its shares in all quarters except for Q1 and Q3 2016. Like other banks, Citigroup Inc. (NYSE:C) has also benefited from high rates as it has beaten analyst EPS estimates in all four of its latest quarters. However, late November saw a fresh bout of layoffs as part of a restructuring plan.

After digging through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey discovered that 75 had bought the bank’s shares. In the following quarter, Citigroup Inc. (NYSE:C)’s largest hedge fund investor was Warren Buffett’s Berkshire Hathaway as it owned $2.2 billion worth of shares.

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