Market Overview

Leon Cooperman Buys 227,000 Apple Shares, Adds More Microsoft


Leon Cooperman’s Omega Advisors recently filed its first quarter 13F, disclosing its long equity positions as of March 31 with the SEC. The firm declared holding an equity portfolio valued at $3.76 billion by the end of the quarter and it includes a stake in Apple Inc. (NASDAQ: AAPL).

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Omega Advisors joined the group of newcomers at the tech behemoth, which also saw Warren Buffett’s Berkshire Hathaway start a new position comprising 9,811,747 shares, or roughly $1.06 billion in stock as of March 31. Cooperman’s fund said it acquired 227,000 shares of Apple, worth about $24.7 million by the end of the first quarter of 2016.

Shares of Apple were up more than 4 percent on Monday afternoon.

Other New Stakes & Bullish Moves

Other new positions in Omega Advisors’ portfolio were:

  • UnitedHealth Group Inc (NYSE: UNH), of which the fund acquired 499,500 shares, worth $64.3 million.
  • Paypal Holdings Inc (NASDAQ: PYPL), which saw the firm purchase 1,295,800 shares, worth more than $50 million.
  • Gilead Sciences, Inc. (NASDAQ: GILD), of which the fund bought 516,989 shares, worth almost $48 million.
  • Energy Transfer Partners LP (NYSE: ETP), of which Omega procured 1,356,654 shares, or $43.8 in stock.

Other Q1 bullish moves disclosed by Omega Advisors included the 117 percent increase in its exposure to Microsoft Corporation (NASDAQ: MSFT), of which it now holds 1,755,920 shares, and the 116 percent boost in its stake in Targa Resources Corp (NYSE: TRGP), to 2,716,393 shares, valued at more than $81 million by the end of the quarter.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Posted-In: Leon Cooperman Omega AdvisorsLong Ideas Hedge Funds Trading Ideas General


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