Leon Cooperman Bought More Than 1 Million Shares Of Apple
Cooperman's 1.26 million share stake in Apple is worth about $117.5 million, while his addition to SUPERVALU totaled 5.2 million shares, bringing his total stake to more than 7.8 million shares worth $64 million.
Cooperman's filing also showed he took a new 1.08 million share stake in SeaWorld, which on Wednesday fell more than 30% after a terrible earnings report. CNBC's Scott Wapner, however, reported on Twitter that Cooperman's Omega Advisors sold out of SeaWorld "several weeks ago" at around $29 per share. On Thursday afternoon, SeaWorld shares were below $18.
A 13F requires hedge funds to disclose their long positions within 45 days after a quarter ends, and so Thursday's filing represents Cooperman's holdings as of June 30.
Among Cooperman's new stakes was a 16.9 million share stake in Gulf Coast Ultra Deep Royalty Trust, which collects royalties on a number of oil wells operated by Freeport-McMoRan. Cooperman also holds a 2.4 million share stake in Freeport-McMoRan worth about $88 million.
Cooperman also disclosed a roughly 10 million share stake in Navient Corp, which holds a portfolio of student loans. This stake is worth just under $180 million.
Among notable stakes Cooperman sold chunks of was Capital One, of which he offloaded 1.1 million shares worth about $125 million, bringing his holdings in the financial company to just less than half a million shares worth around $40 million.
Cooperman also sold 1.1 million shares of Realogy - bringing his holdings in the real estate giant to around 1.5 million shares worth $58 million - and Sprint, of which Cooperman sold 3.4 million shares. Cooperman, however, still holds nearly 40 million shares of Sprint worth $195 million.