Hedge fund Omega Advisors, founded by former Goldman Sachs
Asset Management CEO and legendary Guru investor
Leon Cooperman
, reported a total of 45 transactions in its third quarter
portfolio updates, consisting of the following:
|
Additions to Current Shares
|
21 |
|
New Buys
|
8 |
|
Reductions to Current Shares
|
7 |
|
Sold Out
|
9 |
As of the end of the third quarter, Omega Advisors' portfolio
included 77 stocks, with a total value of almost $5 billion, and
a quarter-over-quarter turnover rate of 13 percent.
The fund's portfolio
sector weighting
is as follows:
|
Financials
|
28.40% |
|
Oil & Gas
|
27.30% |
|
Health Care
|
11.60% |
|
Consumer Services
|
10.20% |
|
Technology
|
9.60% |
|
Telecom
|
5.10% |
|
Consumer Goods
|
3.80% |
|
Industrials
|
2.20% |
|
Basic Materials
|
0.90% |
Below are three stocks among Omega Advisors' third quarter sells
that made the most impact to the fund's portfolio.
Cirtrix Systems Inc. (
CTXS
)
Selling its entire stake of cloud computing company, Citrix
Systems Inc. (
CTXS
), Omega's transaction impacted its portfolio by 2.1%. Omega
started its holding history with Citrix in the first quarter of
2011, owning 773,300 shares of the company. The fund had about
1.12 million shares of Citrix before selling all of them in the
third quarter.
Omega started its reductions of its Citrix stake in the first
quarter of 2012, after four consecutive purchases in the prior
year.
Over the years, Citrix as a company showed solid
Financial
and
Profitability and Growth
performances, ranking a 10 and an 8 on GuruFocus. Its Business
Predictability is also ranked to impress, at 4 out of 5 stars.
Its current trading price is $58.46 per share, a little higher
than some of its competitors as portrayed below.
CTXS data by GuruFocus.com
Ocwen Financial Corp. (
OCN
)
After reducing its stake of commercial loss mitigation servicer,
Ocwen Financial Corp. (
OCN
) by 91.97 percent, Omega Advisors were left with a share count
of 292,300 after the transaction.
Prior to the reduction that impacted its portfolio by 1.38
percent, Omega owned about 3.6 million shares of Ocwen Financial
reported in the second quarter.
The three months in the third quarter saw a rising price of the
stock, leading up to its 10-year peak price seen in more recent
weeks.
OCN data by GuruFocus.com
Although its revenue per share growth has been in a five-year
decline at a rate of 14.9 percent, its operating margin is
experiencing a positive upward trend line revealing its
efficiency in business operations.
Currently trading at $33.95 per share, (between its minimum price
of $18.91 and exceeding its former recorded maximum price of
$28.10), Ocwen Financial's price ratios are actually experiencing
highs as well; its P/E ratio is close to a 10-year high at 35,
its P/B ratio is close to its three year high at 3.24 and its P/S
ratio is close to its three-year high at 10.6.
Ocwen Financial receives a 1 out of 5 stars in Business
Predictability on GuruFocus.
WellPoint Inc. (
WLP
)
Omega Advisors' 37.1 percent reduction of health care stock,
WellPoint Inc. (
WLP
), in the third quarter brought its shares down to less than 1.3
million shares, while it reported a little over 2 million shares
in this year's second quarter.
WellPoint is a company that not only provides health care plans
to consumers, but also life and disability insurance, dental,
vision and behavioral health benefit services, according to its
website.
The $18.26 billion company has showed outstanding results in
revenue per share, revenue growth, free cash flow growth and book
value growth. View WellPoint's 10-year financial data here.
Its six Good Signs on GuruFocus show its price ratios in the low
end, where as the company's dividend yield is close to a one-year
high, all outnumbering its two Severe Warning signs and two
Medium Warning Signs.
View the rest of Omega Advisors' portfolio updates here. Also
view the funds' top holdings, undervalued stocks, top growth
companies and high yield stocks.About GuruFocus: GuruFocus.com
tracks the stocks picks and portfolio holdings of the world's
best investors. This value investing site offers stock screeners
and valuation tools. And publishes daily articles tracking the
latest moves of the world's best investors. GuruFocus also
provides promising stock ideas in 3 monthly newsletters sent to
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.