NEW YORK ( TheStreet) -- Noted hedge fund manager Leon Cooperman of Omega Advisors has some juicy details in his latest 13F filing. He's initiated a new 3 million share stake in Facebook (FB), while completely selling out of Apple (AAPL).
Cooperman, who got his start at Goldman Sachs (GS), announced that as of Dec. 31, 2012, he and Omega Advisors owned 3.1 million shares of the popular social network. He did not have a position in Facebook prior to this filing.
Perhaps even more interesting than Cooperman's new stake in Facebook, though, is his lack of a stake in Apple. Cooperman, a long time Apple bull, has completely sold out of his Apple stock, as the shares fell during the fourth-quarter, amid concerns over slowing innovation and revenue growth. He owned more than 260,000 shares of Apple as of the end of the third-quarter, but held none as of Dec. 31, 2012.
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