Watch Lee Cooperman's Stock Portfolio for Your Next Move

Billionaire investor and former hedge fund manager Lee Cooperman's stock portfolio is one to watch. Why should investors watch his portfolio?

Rachel Curry - Author

Dec. 16 2021, Published 12:02 p.m. ET

Leon "Lee" Cooperman is a billionaire investor and former hedge fund manager who once helmed New York's Omega Advisors (which shut down in 2018). Much like Warren Buffett, Charlie Munger, and other wealthy and older investors, people look to Cooperman for investing advice.

Article continues below advertisement
Article continues below advertisement

Despite the fact that Cooperman is known for insider trading and controversial statements about protecting the wealth of rich people, investors are interested in how he gets such solid returns. What's in Cooperman's stock portfolio and how can investors emulate his hedges and opportunities?

Lee Cooperman has big words about over-stimulus.

Cooperman told CNBC on Dec. 16, "I think we've had very aggressive fiscal and monetary policy and I think it is going to come and bite us in the ass."

Article continues below advertisement

While Cooperman doesn't see signs of a near-term recession, he's worried about the future from a wider outlook. He says that speculative assets, like meme stocks, are particularly vulnerable.

However, Cooperman said that "inflation is a friend of common stocks" because their prices rise, too.

Article continues below advertisement
Article continues below advertisement

Cooperman is enthusiastic about energy stocks.

At the end of the third quarter of 2021, Cooperman told his friends at CNBC that his largest position is energy. "I came into the year with overweight energy and even more overweight now. I look at the natural gas situation. Storage levels are way below historical norms, and the price of natural gas has moved up quite dramatically," Cooperman said about the sector.

Cooperman's favorite stocks in the energy sector include:

  • Tourmaline Oil (OTC:TRMLF)

  • Paramount Resources (OTC:PRMRF)

  • Devon Energy (NYSE:DVN)

  • Energy Transfer (NYSE:ET)

  • Pioneer Natural Resources (NYSE:PXD)

Article continues below advertisement

More details about Lee Cooperman's stock portfolio

At the end of the third quarter of 2021, Cooperman added to his positions in Bausch Health Companies Inc. (NYSE:BHC), Coterra Energy Inc. (NYSE:CTRA), PennyMac Financial Services (NYSE:PFSI), General Motors (NYSE:GM), and more.

Article continues below advertisement

At the time, the only new buy for the quarter was Las Vegas Sands Corp. (NYSE:LVS), although Cooperman added positions in Ventas Inc. (NYSE:VTR) and Lithia Motors Inc. (NYSE:LAD) the quarter prior.

Article continues below advertisement

Cooperman sold the remainder of his positions in Ferro Corp. (NYSE:FOE), Credit Suisse Group AG (NYSE:CS), and the iShares MSCI ACWI Low Carbon Target ETF (CRBN).

Lee Cooperman

Investor and former hedge fund manager

Net worth: $2.5 billion

  • Birth place: New York, N.Y.
  • Wife: Toby Cooperman (m. 1964)
  • Children: Wayne Cooperman, Michael Cooperman

Lee Cooperman's father was a plumber in the Bronx. Cooperman grew up going to public school and pursued higher education at Hunter College (Bachelor's degree) and Columbia University (MBA). He worked for Goldman Sachs for 25 years before starting his own hedge fund.

Article continues below advertisement
Article continues below advertisement

Lee Cooperman's net worth is in the billions.

Cooperman once led Omega Advisors and it held $3.3 billion in assets under management. However, he settled SEC insider trading charges in 2017 and paid nearly $5 million in fines without having to admit his guilt. A year later, Omega shut down and Cooperman funneled his wealth through charitable foundations.

Cooperman's net worth is estimated to be $2.5 billion.

Directly suggesting that modern folks have a habit of vilifying the wealthy, Cooperman is staunchly against upper-class taxation and thinks that progressive senators, like Massachusetts' Elizabeth Warren, are foolish in their beliefs that taxing the rich will solve problems.


Latest Billionaires News and Updates

    Opt-out of personalized ads

    © Copyright 2024 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.