Omega Advisors CEO Leon Cooperman (Trades, Portfolio) reported Friday purchasing 15 stocks during the fourth quarter.
The hedge fund manager’s largest picks were: Humana Inc. (HUM, Financial), Wells Fargo & Co. (WFC, Financial), CBS Corp. (CBS, Financial), SPDR Gold Trust (GLD, Financial) and SPDR S&P Regional Banking (KRE, Financial). At quarter-end, the portfolio held 72 stocks, with 22% vested in technology and 17.3% in consumer cyclical stocks as the largest sectors represented.
Founded in 1991, Omega Advisors employs fundamental, bottom-up research. The firm has approximately $3.7 billion in assets under management, with the long portfolio valued around $2.67 billion.
In May 2017, Omega Advisors reached a $4.9 million settlement with the SEC for insider trading. The firm’s Omega Overseas fund returned 18% in 2017, lagging the 22% gain in the S&P 500, Bloomberg reported.
New buys
Cooperman purchased 171,353 shares, giving it 1.59% portfolio weight. The stock’s fourth-quarter share price averaged $247.
Humana Inc. has a market cap of $36.68 billion; its shares were traded around $266.38 with a P/E ratio of 15.89 and P/S ratio of 0.73. The trailing 12-month dividend yield of Humana Inc. stocks is 0.59%. The forward dividend yield of Humana Inc. stocks is 0.60%. Humana Inc. had an annual average earnings growth of 10.90% over the past 10 years. GuruFocus rated Humana Inc. the business predictability rank of 5-star.
Wells Fargo & Co. (WFC, Financial)
Cooperman purchased 609,700 shares of Wells Fargo, giving it 1.39% portfolio space. The stock traded for $56 in the fourth quarter.
Wells Fargo & Co. has a market cap of $292.18 billion; its shares were traded around $59.73 with a P/E ratio of 14.68 and P/S ratio of 3.44. The trailing 12-month dividend yield of Wells Fargo & Co. stocks is 2.58%. The forward dividend yield of Wells Fargo & Co. stocks is 2.60%. Wells Fargo & Co. had an annual average earnings growth of 9.90% over the past 10 years. GuruFocus rated Wells Fargo & Co. the business predictability rank of 2-star.
Cooperman purchased 318,000 shares of CBS Corp., giving it 0.7% portfolio weighting. The stock traded for $58 on average in the fourth quarter.
CBS Corp. has a market cap of $21.16 billion; its shares were traded around $55.38 with a P/E ratio of 62.24 and P/S ratio of 1.65. The trailing 12-month dividend yield of CBS Corp. stocks is 1.28%. The forward dividend yield of CBS Corp. stocks is 1.28%. CBS Corp. had an annual average earnings growth of 7.5% over the past five years.
SPDR Gold Trust (GLD, Financial)
Cooperman purchased 50,000 shares of SPDR Gold Trust, giving it 0.65% portfolio weight. The stock’s fourth-quarter price averaged $121 per share.
SPDR Gold Trust has a market cap of $35.11 billion; its shares were traded around $125.66.
SPDR S&P Regional Banking (KRE, Financial)
Cooperman purchased 250,000 shares, giving the holding 0.55% portfolio weight. The stock’s fourth-quarter share price averaged $57.
SPDR S&P Regional Banking has a market cap of $4.82 billion; its shares were traded around $63.17 with a P/E ratio of 19.88. The trailing 12-month dividend yield of SPDR S&P Regional Banking stocks is 1.30%.
