Billionaire Leon Cooperman’s 2022 Portfolio: Top 5 Stock Picks

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1. Mr. Cooper Group Inc. (NASDAQ:COOP)

Omega Advisors’ Stake Value: $176 million

Percentage of Omega Advisors’ 13F Portfolio: 8.88%

Number of Hedge Fund Holders: 30

Mr. Cooper Group Inc. (NASDAQ:COOP) is an American financial services provider that primarily targets the housing industry. The company provides mortgages to residential customers and collects payments on their behalf as well. It is headquartered in Coppell, Texas.

Mr. Cooper Group Inc. (NASDAQ:COOP) is the largest nonbank mortgage services provider in America and it handles payments for more than 3 million customers. The company also plans to increase its services balances portfolio to $1 trillion over the next three years. In a July 2022 note, Barclays reduced the company’s share price target to $43 from $44, stating that high mortgage rates will affect volumes.

Mr. Cooperman’s family office owns 4.2 million Mr. Cooper Group Inc. (NASDAQ:COOP) shares that are worth $176 million and represent 8.88% of its portfolio. 30 of the 912 hedge funds part of Insider Monkey’s survey covering the first quarter of this year had invested in the company.

Parag Vora’s HG Vora Capital Management is Mr. Cooper Group Inc. (NASDAQ:COOP)’s largest investor through a $148 million stake that comes through  3.2 million shares.

Disclosure: None. You can also take a look at 10 Best Undervalued Automobile Stocks to Buy Now and 10 Best Data Center Stocks To Invest In.

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