Below is the list of the 5 best finance stocks to buy according to billionaire Leon Cooperman. If you want to read our detailed discussion of Cooperman’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Finance Stocks to Buy According to Billionaire Leon Cooperman.
5. Finance Of America Companies Inc. (NYSE:FOA)
Omega Advisors’ Stake Value: $33.5 million
Percentage of Omega Advisors’ 13F Portfolio: 1.89%
Number of Hedge Fund Holders: 19
As shares of Finance Of America Companies Inc. (NYSE:FOA) are down close to 50% since its debut on NYSE, the billionaire investor Leon Cooperman saw the dip as a buying opportunity. During the June quarter, he increased his stake in the diversified financial services holding company by 388% to 4.4 million shares.
4. Navient Corporation (NASDAQ:NAVI)
Omega Advisors’ Stake Value: $33.88 million
Percentage of Omega Advisors’ 13F Portfolio: 1.90%
Number of Hedge Fund Holders: 17
Education loan management company Navient Corporation’s (NASDAQ:NAVI) share price soared 128% in the last twelve months. The company also returns money to investors in the form of dividends. At present, Navient Corporation offers a dividend yield of 2.86%.
3. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)
Omega Advisors’ Stake Value: $41 million
Percentage of Omega Advisors’ 13F Portfolio: 2.35%
Number of Hedge Fund Holders: 52
During the second quarter, Billionaire Leon Cooperman lifted his stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 93% to 2.35% of the entire portfolio. The bullishness appears to be working because shares of WillScot surged 81% in the last twelve months.
2. Athene Holding Ltd. (NYSE:ATH)
Omega Advisors’ Stake Value: $117 million
Percentage of Omega Advisors’ 13F Portfolio: 6.58%
Number of Hedge Fund Holders: 43
A retirement services company, Athene Holding Ltd. (NYSE:ATH) is the third-largest stock holding of billionaire Leon Cooperman’s portfolio. He first initiated a position in Athene Holding during the third quarter of 2020. The company’s share price soared almost 180% in the last twelve months, thanks to a strong revenue growth trend.
1. Mr. Cooper Group Inc. (NASDAQ:COOP)
Omega Advisors’ Stake Value: $140 million
Percentage of Omega Advisors’ 13F Portfolio: 7.89%
Number of Hedge Fund Holders: 28
Mr. Cooper Group Inc. (NASDAQ:COOP) is the largest finance stock holding of billionaire Leon Cooperman’s portfolio. Its stock price is up 30% since the beginning of this year. The company is engaged in providing servicing, origination, and transaction-based services to single-family residences. The company’s recent strategic actions including the sale of Reverse and Title365 have helped in enhancing investors’ sentiments.
Out of 873 hedge funds tracked by Insider Monkey, Mr. Cooper Group Inc. (NASDAQ:COOP) was in 28 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 24 positions in the previous quarter. Besides Omega Advisors, HG Vora Capital Management and Diamond Hill Capital were the leading stakeholders in the company.
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