3Q Hedge Fund Holdings For Leon Cooperman Omega Advisors

Omega Advisors is blowing everyone in the industry out of the water with its fund up 27 percent since the beginning of the year. Founded in 1991, the Global Macro oriented hedge fund has averaged 13 percent in returns annually since its inception and has approximately US$7 billion asset under management.

In the third quarter, the hedge fund manager initiated eight new positions with US$69 million invested in Walgreen Co (WAG(+1.8 million shares), US$38 million in Polycom Inc (PLCM(+3.9 million shares), US$29 million in CTrip.com International (CTRP) (+1.7 million shares) and US$25 million in TiVo Inc (TIVO) (+2.4 million shares).

Cooperman also dropped entire stakes in nine separate companies in the third quarter, including: Citrix Systems ( CTXS) (-1.1 million shares), United Continental Holdings (UAL(-1.9 million shares), Lam Research Corp (LRCX) (-1.2 million shares) and McGraw-Hill Companies (MHP(-0.8 million shares).

Here are the top ten holdings of Leon Cooperman’s Omega Advisors in the third quarter 2012, ranked by total value:

1. American International Group, Inc. ( AIG, Earnings, Analysts, Financials): The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. Market cap at $48.23B

Added 3,467,700 shares in 3Q 2012.

 

2. SLM Corporation ( SLM, Earnings, Analysts, Financials): Provides education finance in the United States. Market cap at $7.81B

Added 380,900 shares in 3Q 2012.

 

3. Sprint Nextel Corp. ( S, Earnings, Analysts, Financials): Offers wireless and wireline communications products. Market cap at $16.77B

Sold 342,900 shares in 3Q 2012.

 

4. Linn Energy, LLC ( LINE, Earnings, Analysts, Financials): Engages in the development and acquisition of oil and gas properties in the United States. Market cap at $7.76B

Sold 16,525 shares in 3Q 2012.

 

5. Apple Inc. ( AAPL, Earnings, Analysts, Financials): Designs, manufactures, and markets personal computers, mobile communication and media devices, as well as sells related software, services, peripherals and networking solutions worldwide. Market cap at $528.39B

Added 300 shares in 3Q 2012.

 

6. Atlas Pipeline Partners LP ( APL, Earnings, Analysts, Financials): Engages in gathering and processing natural gas. Market cap at $1.8B

Sold 180,100 shares in 3Q 2012.

 

7. SIRIUS XM Radio Inc. ( SIRI, Earnings, Analysts, Financials): Provides satellite radio services in the United States and Canada. Market cap at $14.22B

Added 5,399,800 shares in 3Q 2012.

 

8. Kinder Morgan, Inc. ( KMI, Earnings, Analysts, Financials): Operates energy infrastructure in the United States and Canada. Market cap at $34.69B

Added 23,300 shares in 3Q 2012.

 

9. QUALCOMM Incorporated ( QCOM, Earnings, Analysts, Financials): Engages in the development, design, manufacture, and marketing of digital wireless telecommunications products and services. Market cap at $105.89B

Added 191,000 shares in 3Q 2012.

 

10. KKR Financial Holdings LLC ( KFN, Earnings, Analysts, Financials): Operates as a specialty finance company with expertise in a range of asset classes. Market cap at $1.81B

Sold 221,044 shares in 3Q 2012

 

Written by SiHien Goh

 

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