Leon Cooperman’s Performance in 2021: 5 Best Stock Picks

2. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Omega Advisors’ Stake Value: $53,891,000

Percentage of Omega Advisors’ 13F Portfolio: 2.85%

Number of Hedge Fund Holders: 56

Gain in 2021: 73.84%

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is a company offering modular space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom to multiple commercial and industrial sectors. 

Billionaire Leon Cooperman purchased a stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the fourth quarter of 2020, buying 650,085 shares. Over time, he has increased his position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), and as of Q3 2021, Cooperman owns 1.69 million shares worth $53.8 million. The stock accounts for 2.85% of Cooperman’s Q3 13F portfolio. 

Oppenheimer analyst Scott Schneeberger raised the price target on WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) to $42 from $36 and kept an Outperform rating on the shares on November 9. The analyst noted that the company held ambitious yet achievable objectives for the coming 3 to 5 years.

According to Insider Monkey’s Q3 database, 56 hedge funds were long WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), with stakes totaling approximately $2 billion. This is compared to 52 funds holding stakes worth $1.39 billion in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the preceding quarter. 

Here is what Bernzott Capital Advisors has to say about WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in its Q3 2021 investor letter:

“WillScot Mobile Mini (WSC): This modular and portable storage space company posted strong earnings with attractive growth in rental rates as it increases penetration of value-added products and services such as units equipped with HVAC, ethernet ports, and plumbing. The company is executing well on its Mobile Mini merger. Cash flow generation continues to be a notable positive.”