CEO of the investment firm, Omega Advisors, Leon Cooperman is of the view that there is no depreciation in the stock markets. The 77 years old self-made billionaire transformed his hedge fund into his office way back in the year 2018. He did it because Cooperman feels that he is not interested to chase S&P 500 for his remaining life. The Omega hedge fund of Leon Cooperman generated over 12% returns since the company started operations in 2018. Before forming his own company, Cooperman worked at Goldman Sachs for almost 25 years. He recently appeared in a TV show where he expressed his worrisome about ever-increasing US debt. While speaking at the show, Cooperman expressed confidence about investing in gold. This is the first time that he expressed something positive about the gold market during his entire career. It is evident that the gold price hit new heights during 2020 due to investors inclination towards investment in safe assets and devaluation of US dollar currency. Cooperman maintained his investments in energy sector due to historic bearish trends throughout 2020 mainly due to the pandemic and slow demand. The living legend claims that the trading price of oil will be $60 per barrel. Currently, oil prices are trading around $48 per barrel. We will review the Top 10 stocks of Billionaire Lee Cooperman in this article.
One of the favorite stocks of billionaire Lee Cooperman is Trinity Industries, Inc. It was in 2017 that the Cooperman invested in it and since then, the stake of this fund increased by 6% during the ongoing quarter. Trinity Industries Inc. is provider of rail transportation products and services. The shares of this company increased by 16% during the outgoing year and this stock holding is the fifth largest within Omega portfolio. One interesting thing about Trinity Industries is that the company offers a reasonable dividend of 3.16%. Another important company within the Omega investment portfolio is Cigna Corporation. This company is associated with healthcare insurance business and Omega sold 22% of the shares during current quarter. Hedge funds are of the view that Cigna will not improve much. On the other hand, Avenir Capital expressed that the future growth outlook of the healthcare insurance company looks bullish. There are several other investment portfolios of the Omega family. Check out the article Here’s How Billionaire Lee Cooperman Is Preparing For Massive Inflation and read more about Omega family and all available investment options.