), legendary investor and founder of Omega Advisors, released his
fourth quarter portfolio today. The guru bought 16 new stocks,
raising his total number of holdings to 77, in a portfolio worth
Cooperman's prognosis for the market in the year 2014 is positive,
as he perceives the recent downturn as a short-term correction
rather than the start of a bear market, he told Bloomberg on Feb.
"I think for the year 2014, the S&P will be plus or minus 200
points, around 1800... on the plus side for the market, bull
markets don't die from old age. They die from excesses and
recession. There is no recession in the cards for 2014, as best as
we can see," the investor said.
Cooperman also looks for stocks trading at discounts to their
intrinsic value. Below are his top purchases for the fourth
Gaming and Leisure Properties Inc. (
Cooperman reported owning 2,221,587 shares of Gaming and Leisure
Properties, a position worth 1.6% of the portfolio. The stock's
average price per share was $47 in the fourth quarter.
Gaming and Leisure Properties Inc. spun off from Penn National
Gaming Inc. in Nov. 1, 2013, and became the first gaming-focused
real estate investment trust. It has a market cap of $3.41 billion,
and its shares were traded at around $38.30.
SunEdison Inc. (
Cooperman purchased 8,103,148 shares of SunEdison in a position
representing 1.5% of the portfolio. The stock's price averaged $11
in the fourth quarter.
SunEdison Inc., formerly Memc Electronic Material, was formed in
1984 as a Delaware corporation and completed its initial public
stock offering in 1995. SunEdison Inc. has a market cap of $3.78
billion; its shares were traded at around $14.18 with and P/S ratio
T-Mobile US Inc. (
Cooperman bought 3,040,145 shares of T-Mobile US, representing 1.5%
of his portfolio. The price averaged $27 in the fourth quarter.
T-Mobile US Inc. is a Delaware corporation and, formerly, a direct
wholly-owned subsidiary of T-Mobile Holding. T-Mobile US Inc. has a
market cap of $24.83 billion; its shares were traded at around
$31.26 with a P/E ratio of 235 and P/S ratio of 0.90. T-Mobile US
Inc. had an annual average earnings growth of 18.70% over the past
InternationalExchange Group Inc. (
Cooperman bought 427,770 shares of InternationalExchange Group Inc.
in the fourth quarter, for a 1.4% position in his portfolio. The
average price in quarter four was $206.
IntercontinentalExchange Inc., a Delaware corporation was
established in May 2000. IntercontinentalExchange Group Inc. has a
market cap of $24.7 billion; its shares were traded at around
$214.71 with a P/E ratio of 28.10 and P/S ratio of 11.40. The
dividend yield of IntercontinentalExchange Group Inc. stocks is
0.30%. IntercontinentalExchange Group Inc. had an annual average
earnings growth of 40.00% over the past 10 years. GuruFocus rated
IntercontinentalExchange Group Inc. the business predictability
rank of 3.5-star.
Cameron International Corp. (
Cooperman purchased 1,425,000 shares of Cameron International
Corp., for a 1.2% portfolio weight. Its average share price was $58
in the fourth quarter.
Cooper Cameron Corp., a Delaware corporation, was incorporated on
Nov. 10, 1994. Cameron International Corp. has a market cap of
$14.57 billion; its shares were traded at around $61.26 with a P/E
ratio of 21.40 and P/S ratio of 1.60. Cameron International Corp.
had an annual average earnings growth of 20.60% over the past 10
years. GuruFocus rated Cameron International Corp. the business
predictability rank of 2-star.
To see more of Cooperman's buys and sells, visit his portfolio
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