One of the most successful and well-known hedge fund managers in the United States, Leon Cooperman, has amassed a net worth of over $1 billion. Omega Advisors, a New York-based investment advisory firm he founded in 1991, is his most well-known work. Most of his $1.8 billion Q3 portfolios is made up of his own money, which he has amassed over the years. Cooperman began his professional career at The Goldman Sachs Group, Inc. after graduating from Columbia University. He has held a variety of positions at Goldman Sachs, including chairman and CEO of the firm’s asset management division. The stock market, according to Leon Cooperman, has stalled. He no longer relies on broad market indices or averages. With Alphabet and Alibaba Group Holding Limited as his top picks for the third quarter of 2021.
Insider Monkey selected the 10 best-performing stocks that the billionaire has consistently held in the first, second, and third quarters of 2021. An oil and gas minerals company, Falcon Minerals Corporation has rights to extract minerals from the Eagle Ford Shale. Leon Cooperman’s third-quarter portfolio included the stock, which rose 44.47 percent in 2021. Investment trust Chimera Investment Corporation is based in New York City and specializes in residential mortgage loans. The stock gained 53.45 percent in 2021, making it one of Leon Cooperman’s top-performing companies in the third quarter of the year. MP Materials Corp. extracts concentrated rare earths for use in electric vehicles, robots, wind turbines, drones, and other high-tech motion devices. It’s a “critical raw material supplier” for electric vehicles, according to a BofA analyst. With a value of $69.2 million, Leon Cooperman owns 245,705 shares of Microsoft Corporation. His Microsoft Corporation stake was first purchased by the billionaire in 2010 and has since been removed from his portfolio. Oil, natural gas, and natural gas condensate are all products of Pione Natural Resources Company, a Texas-based company engaged in hydrocarbon exploration and supply. In the second quarter of 2016, Leon Cooperman bought a stake in the company, but he sold it the following quarter. For more details, click Leon Cooperman’s 10 best performing stocks in 2021.