Omega Advisors Inc. is a New York–based investment advisory firm founded in 1991 by Leon G. Cooperman. In this series, we’ll discuss the main positions traded by the firm in 4Q 2013 in its $7.05 billion U.S. long portfolio.
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In 2013, Cooperman’s Omega Advisors reported net returns of 30%, following up on a 25% net gain in 2012. Cooperman told CNBC in an interview last October that the stock market was valued fairly but not a bargain anymore. He added, “As an investor, I think the market is reasonably valued. I have to kind of work hard and find stocks and macro themes.”
The firm’s 4Q13 purchases include Gaming and Leisure Properties (GLPI), SunEdison Inc. (SUNE), T-Mobile US Inc. (TMUS), and Cameron International Corp. (CAM). Its sales include Polycom (PLCM) and Atmel Corp. (ATML).