Today, Omega Advisors'
has reported a 3.56 percent reduction to his stake in KKR
Financial Corp. (
), according to
GuruFocus Real Time Picks
Over the years, Cooperman has fortified his position with
increases up until the second quarter of 2012, when the stock's
market value was well on its way to its 52-week high. In 2012,
the stock generously returned 23.29 percent. Cooperman, who had
been adding to his stock continuously, reduced for the first time
last September shedding 1.3 million shares, and again in the
third quarter shedding about 221,000 shares.
With a market cap of $1.94 billion, KKR Financial is a specialty
finance company that seeks to leverage the proprietary resources
of its manager, KKR Financial Advisors. The company's
majority-owned subsidiaries finance and invest in financial
assets, including below-investment-grade corporate debt, equity
securities and private equity, according to its website.
With an annual revenue growth of 50.79, KKR is ranked 4 in
on GuruFocus, as well as 6 in
Profitability and Growth
Up 0.83 percent, the stock is trading at $10.97.
Currently, Cooperman owns about 13.4 million shares of KKR. Since
the third quarter of 2012, KKR has moved down from its 11
top holding rank on Cooperman's portfolio, after reducing his
stake more than once.
American International Group Inc. (
), SLM Corp. (
) and Sprint Nextel Corp. (
) remain some of his top holdings. The financial sector
represents 27.5 percent of his 77-stock portfolio.
View the rest of Omega Advisors' portfolio updates here. Also
view the funds' top holdings, undervalued stocks, top growth
companies and high yield stocks.
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