Billionaire Leon Cooperman Is Buying These 5 Stocks

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1. PennyMac Financial Services, Inc. (NYSE:PFSI)

Number of Hedge Fund Holders: 26 

Percentage Increase in Stake During Q3: 282%

PennyMac Financial Services, Inc. (NYSE:PFSI) is a California-based banking and investment firm. It recently posted earnings for the third quarter, reporting earnings per share of $3.80, beating estimates by $0.33. The revenue over the period was $786 million. 

The hedge fund of billionaire Leon Cooperman owned 382,328 shares of PennyMac Financial Services, Inc. (NYSE:PFSI) at the end of the third quarter of 2021 worth more than $23 million, representing 1.23% of the total portfolio. 

Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm MFN Partners is a leading shareholder in PennyMac Financial Services, Inc. (NYSE:PFSI) with 3.5 million shares worth more than $215 million.

You can also take a peek at 10 Best Micro-Cap Stocks to Invest In and Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners.

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