The S&P 500 has gained 12 percent year to date and 43 percent over the previous twelve months, which brought Leon Cooperman’s remarks into focus. The billionaire investor has a personal wealth of $2.5 billion. A few months ago, Leon Cooperman stated that he had a pessimistic outlook for the stock market. Since then, the S&P 500 has gained only 6.8%. During this bear market, Omega Advisors has been busy stockpiling a select few stocks.
Insider Monkey highlights the 10 stocks that billionaire Leon Cooperman is buying. New York-based real estate investment trust Arbor Realty Trust, Inc. The company has a large stake in the hands of hedge funds. An independent oil and gas company, Coterra Energy Inc. During the second quarter of 2014, Leon Cooperman purchased his first stock in the company. There are 8.4 million shares of Antipodes Partners worth $184 million in Sydney-based investment firm Antipodes Partners’ portfolio. At the end of the third quarter of 2021, 12 hedge funds held $87 million worth of stakes in Finance Of America Companies Inc., compared to 19 at the previous quarter worth $141 million. Over $20 million worth of FOA stock was owned by Omega Advisors. Investing in the company began in the second quarter of 2021, and the fund has continued to grow its stake ever since. Omega will own 150,000 shares of Lithia Motors, Inc. worth $44 million at the end of December 2021. Digital infrastructure technologies are manufactured and sold by Vertiv Holdings Co., a company that specializes in this field. Brahman Capital has 5.5 million shares worth more than $138 million, making it the largest shareholder. For more details, click 10 Stocks That Billionaire Leon Cooperman Is Buying.