NEW YORK (
) -- Noted hedge fund manager Leon Cooperman of
has some juicy details in his latest
He's initiated a new 3 million share stake in
(FB - Get Report)
, while completely selling out of
(AAPL - Get Report)
Cooperman, who got his start at
, 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
but held none as of Dec. 31, 2012.
The famed investor also disclosed new stakes in
Las Vegas Sands
(LVS - Get Report)
(SD - Get Report)
, while upping his stake in names such as
Sirius XM Satellite Radio
(SIRI - Get Report)
Facebook shares jumped 3.% to $28.19 on the news, while Apple shares were down marginally, off 0.34% to $466.33.
Interested in more on Apple? See TheStreet Ratings' report card for
--Written by Chris Ciaccia in New York