Tags: Cooperman | dividend | stocks | yield

Where the Smart Money Has Been Finding Stocks to Buy

By    |   Thursday, 10 April 2014 01:59 PM

13F filings with the Securities and Exchange Commission (SEC) provide insight into the top dividend stock picks of Leon Cooperman of Omega Advisors, one of the investing titans in the hedge fund world, as well as where some of his peers are putting their money.

Cooperman, the billionaire son of a plumber from the South Bronx, has made some smart investing decisions in his career. Omega Advisors had $7 billion in stocks at the end of 2013, the latest 13F filing with the SEC.

Insider Monkey took a look at Cooperman's largest positions in stocks paying dividends with yields above 5 percent.

Editor's Note:
These 38 Investments Have a 96% Win Rate


Atlas Pipeline Partners is one of Omega's key yield holdings. Cooperman has a 9.7 percent stake in the company, and the stock pays a lush annual dividend of 7.9 percent. Another hedge fund pro, Dimitry Balyasny of $2 billion Balyasny Asset Management, also has a sizeable stake in Atlas, MarketWatch reported.

Another top Omega's position is Chimera Investment Corporation, a mortgage real estate investment trust in which Cooperman has a 6.2 percent stake and which has a whopping 11.9 percent yield.

Other notable hedge fund pros invested in Chimera include Daniel Arbess of Xerion, Larry Robbins of Glenview Capital and David Tepper of Appaloosa, MarketWatch noted.

Gaming and Leisure Properties, which pays a 5.7 percent dividend and where Omega has a stake of 2 percent, is another favored investment. Notable hedge funders Michael Novogratz of Fortress and Martin Sass of MD Sass also owned this stock.

Another of Cooperman's top dividend holdings is KKR Financial Holdings, a specialty finance company with an annualized yield of 7.7 percent, MarketWatch said. Omega's ownership stake there was over 7 percent, according to the 13F.

Not all hedge funds may be doing as well as Cooperman's Omega has historically done.
CNBC reported Philippe Laffont's Coatue Management plans to return more than $2 billion in capital to investors after suffering steep losses in technology stocks in March, on both the long side and short side.

SECFilings.com reported Pershing Square Capital Management, led by activist investor Bill Ackman, gained 3.8 percent in January, handily topping the S&P 500's 3.5 percent decline. Pershing owned few stocks, but they included Procter & Gamble, Burger King, Beam and Air Products & Chemicals, according to the firm's 13F.

Editor's Note: These 38 Investments Have a 96% Win Rate

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13F filings with the Securities and Exchange Commission (SEC) provide insight into the top dividend stock picks of Leon Cooperman of Omega Advisors, one of the investing titans in the hedge fund world, as well as where some of his peers are putting their money.
Cooperman, dividend, stocks, yield
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2014-59-10
Thursday, 10 April 2014 01:59 PM
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