COOPERMAN LEON G

Fundamental concentrated ★Highest signal CIK 898382
League rank
#516
in Fundamental concentrated · #2068 overall
Long book
$3.05B
Q1 2026
Positions
41
Top-10 weight
66%
concentration
Last quarter
+14.0%
SPY +14.8%
Turnover
16%
of book per quarter

Strategy in plain words

auto-generated from filings

COOPERMAN LEON G is a concentrated fundamental stock-picker, running a $3.05B US long book across 41 positions.

The portfolio is concentrated: the top 10 names carry 66% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VERTIV HOLDINGS CO-A, ROCKET COS INC-CLASS A, ENERGY TRANSFER LP, MIRION TECHNOLOGIES INC, PELAGOS INSURANCE CAPITAL LT.

Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-1.2%
Q2 2024
+6.6%
Q3 2024
+8.9%
Q4 2024
-11.4%
Q1 2025
+12.6%
Q2 2025
+3.7%
Q3 2025
-0.3%
Q4 2025
+2.3%
Q1 2026
+14.0%

Sector allocation

Financials
32%
Technology
21%
Utilities
10%
Other
9%
Consumer discretionary
7%
Energy
5%
Materials
5%
Industrials
4%

Long book by quarter

$2.40B
Q1 2024
$2.37B
Q2 2024
$2.35B
Q3 2024
$2.64B
Q4 2024
$2.52B
Q1 2025
$2.85B
Q2 2025
$3.20B
Q3 2025
$3.01B
Q4 2025
$3.05B
Q1 2026

What does COOPERMAN LEON own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
VRT VERTIV HOLDINGS CO-ATechnology2.2M$540.7M17.7%Held
RKT ROCKET COS INC-CLASS AFinancials21.0M$299.5M9.8%Held
ET ENERGY TRANSFER LPUtilities13.3M$257.1M8.4%Held
MIR MIRION TECHNOLOGIES INCOther8.4M$155.8M5.1%Held
PLGO PELAGOS INSURANCE CAPITAL LTFinancials8.0M$152.6M5.0%+13.4%
APO APOLLO GLOBAL MANAGEMENT INCFinancials1.3M$149.0M4.9%Held
MP MP MATERIALS CORPMaterials3.0M$144.8M4.7%Held
OMF ONEMAIN HOLDINGS INCFinancials2.0M$107.2M3.5%+186.4%
SUN SUNOCO LPEnergy1.6M$105.3M3.5%Held
ASH ASHLAND INCConsumer discretionary1.7M$94.5M3.1%Held
CI THE CIGNA GROUPFinancials325.0K$86.7M2.8%Held
LAD LITHIA MOTORS INCConsumer discretionary340.0K$84.9M2.8%+7.1%
KBR KBR INCIndustrials2.1M$78.3M2.6%Held
WSC WILLSCOT HOLDINGS CORPServices media4.0M$70.0M2.3%Held
COF CAPITAL ONE FINANCIAL CORPFinancials370.0K$67.5M2.2%New
ELV ELEVANCE HEALTH INCFinancials227.9K$66.7M2.2%-33.1%
STKL SUNOPTA INC9.3M$60.3M2.0%+2.7%
MSI MOTOROLA SOLUTIONS INCTechnology135.0K$58.6M1.9%Held
AESI ATLAS ENERGY SOLUTIONS INCEnergy4.1M$53.6M1.8%-19.2%
EPD ENTERPRISE PRODUCTS PARTNERSUtilities1.4M$52.0M1.7%Held
MANU MANCHESTER UNITED PLC-CL AServices media2.9M$49.3M1.6%+0.3%
AMRZ AMRIZE LTDIndustrials880.0K$49.3M1.6%New
GEHC GE HEALTHCARE TECHNOLOGYHealthcare670.0K$47.7M1.6%Held
TDAY USA TODAY CO INCOther6.3M$44.2M1.5%+1.7%
AMZN AMAZON.COM INCConsumer discretionary169.5K$35.3M1.2%New
GOOGL ALPHABET INC-CL ATechnology75.0K$21.6M0.7%Held
FOA FINANCE OF AMERICA COS INC-AFinancials1.3M$21.3M0.7%0.0%
DMAC DIAMEDICA THERAPEUTICS INCHealthcare2.0M$13.7M0.4%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202641$3.05B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202640$3.01B canonicalSEC ↗
Q3 202513F-HRNov 14, 202541$3.20B canonicalSEC ↗
Q2 202513F-HRAug 14, 202540$2.85Bconfidential canonicalSEC ↗
Q1 202513F-HR/ARESTATEMENTMay 15, 202541$2.52B canonicalSEC ↗
Q1 202513F-HRMay 15, 202540$2.50B SEC ↗
Q4 202413F-HRFeb 14, 202545$2.64B canonicalSEC ↗
Q3 202413F-HRNov 14, 202440$2.35B canonicalSEC ↗
Q2 202413F-HRAug 14, 202452$2.37B canonicalSEC ↗
Q1 202413F-HRMay 15, 202451$2.40B canonicalSEC ↗