Billionaire Leon Cooperman’s Long-Term Stock Picks: Top 5 Stocks

In this piece, we will take a look at Leon Cooperman’s top five long term stock picks. To learn more about the billionaire investor, his famed investment strategy, and some of his recent thoughts, check out Billionaire Leon Cooperman’s Long-Term Stock Picks.

5. Las Vegas Sands Corp. (NYSE:LVS)

Omega Advisor’s Q3 2023 Investment Value: $45.8 million

First Purchase: 2012

Las Vegas Sands Corp. (NYSE:LVS) is an American casino company that owns properties in Asia. After a brief three quarter stint ending in Q2 2013, Leon Cooperman scooped up the shares in Q3 2021 and has held on to the stock since then. In Q3 2023, he doubled his investment from 50,000 shares to 100,000 shares.

In Q2, 52 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned Las Vegas Sands Corp. (NYSE:LVS)’s shares. During Q3, the firm’s biggest investor in our database was Ken Fisher’s Fisher Asset Management due to its $485 million investment.

4. Bank of America Corporation (NYSE:BAC)

Omega Advisor’s Q3 2023 Investment Value: $10.9 million

First Purchase: 2011

Bank of America Corporation (NYSE:BAC) is one of the largest domestic banks in America. After first owning the shares in Q1 2011 and Q1 2012, Leon Cooperman resumed his investment in Q1 2022 and has owned the shares since then. Bank of America Corporation (NYSE:BAC) is also quite a favorite investment of value investors, with Warren Buffett’s Berkshire Hathaway being its biggest shareholder in Q3 2023 through a massive $28.2 billion stake.

Along with Mr. Buffett’s firm, 90 hedge funds part of Insider Monkey’s database were Bank of America Corporation (NYSE:BAC)’s shareholders as of June 2023.

3. Citigroup Inc. (NYSE:C)

Omega Advisor’s Q3 2023 Investment Value: $28.7 million

First Purchase: 2011

Citigroup Inc. (NYSE:C) is an American investment and retail bank. Between the 11 years starting from Q1 2012 to Q3 2023, Leon Cooperman has owned its shares in all quarters except for Q1 and Q3 2016. Like other banks, Citigroup Inc. (NYSE:C) has also benefited from high rates as it has beaten analyst EPS estimates in all four of its latest quarters. However, late November saw a fresh bout of layoffs as part of a restructuring plan.

After digging through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey discovered that 75 had bought the bank’s shares. In the following quarter, Citigroup Inc. (NYSE:C)’s largest hedge fund investor was Warren Buffett’s Berkshire Hathaway as it owned $2.2 billion worth of shares.

2. The AES Corporation (NYSE:AES)

Omega Advisor’s Q3 2023 Investment Value: $12.7 million

First Purchase: 2010

The AES Corporation (NYSE:AES) is a global utility company with operations in the U.S., Brazil, Mexico, and other countries. Leon Cooperman has owned 900 The AES Corporation (NYSE:AES) shares since Q4 2019. The stock is rated Buy on average and analysts have set an average share price target of $21.35.

As of June 2023 end, 36 out of the 910 hedge funds profiled by Insider Monkey had invested in The AES Corporation (NYSE:AES). During the September quarter, the firm’s biggest stakeholder was William B. Gray’s Orbis Investment Management due to a $302 million investment.

1. Microsoft Corporation (NASDAQ:MSFT)

Omega Advisor’s Q3 2023 Investment Value: $77.5 million

First Purchase: 2010

Microsoft Corporation (NASDAQ:MSFT) is a mega cap technology firm with operations ranging from personal to enterprise computing. Leon Cooperman has owned the stock for nearly 13 years now, and between Q1 2010 and Q3 2023, he owned the stock in all but two quarters. Since then, the shares have appreciated from $26 to an unbelievable $330 as of September 2023.

During the second quarter, 300 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in the company. Michael Larson’s Bill & Melinda Gates Foundation Trust is Microsoft Corporation (NASDAQ:MSFT)’s largest hedge fund shareholder in the following quarter as it owned 39.2 million shares that were worth $12.4 billion.

Disclosure: None. You can also take a look at 10 Best Stocks to Buy on the Dip for Long Term and Abrams Capital 13F: 10 Best Stocks To Buy Picked By Billionaire David Abrams.

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