13F
中
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COOPERMAN LEON G

13F equity value
$3.0B
Positions
41
Top 10 concentration
65.8%
Quarters / total new picks
20 / 55
13F equity value over time
$0M$2B$3B20192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +1.8% per quarter — versus +4.0% per quarter from simply owning every 13F stock. It beat that baseline in only 45.0% of quarters (excess t = 0.36, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.9%
t-stat
0.36
Quarterly win rate
45%
Annualized excess
-11.8%
$1 → follow vs universe
$1.16 vs $2.00
Cumulative return: $1 invested in new picks vs universe
1.00 20190630: universe 1.07520190930: universe 1.15620191231: universe 0.93320200331: universe 1.12420200930: universe 1.37920201231: universe 1.44220210331: universe 1.45420210630: universe 1.57120210930: universe 1.41020220331: universe 1.51420220930: universe 1.62620221231: universe 1.51020230331: universe 1.59120230630: universe 1.53420230930: universe 1.74220240331: universe 1.78120241231: universe 1.66220250630: universe 1.71420250930: universe 1.92820251231: universe 1.994 20190630: follow 1.10920190930: follow 1.18020191231: follow 0.87320200331: follow 1.02120200930: follow 1.15520201231: follow 1.21620210331: follow 1.29020210630: follow 1.34420210930: follow 1.44620220331: follow 1.47120220930: follow 1.35420221231: follow 1.05020230331: follow 1.12020230630: follow 1.20120230930: follow 1.32120240331: follow 1.40820241231: follow 1.43520250630: follow 1.31320250930: follow 1.63320251231: follow 1.159 0.80 1.48 2.15 2019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 41 · 2026 Q1

Ticker Value Weight QoQ
VRT $541M
17.7%
HOLD
RKT $299M
9.8%
HOLD
ET $257M
8.4%
HOLD
MIR $156M
5.1%
HOLD
FIHL $153M
5.0%
ADD
APO $149M
4.9%
HOLD
MP $145M
4.8%
HOLD
OMF $107M
3.5%
ADD
SUN $105M
3.5%
HOLD
ASH $95M
3.1%
HOLD
CI $87M
2.8%
HOLD
LAD $85M
2.8%
ADD
KBR $78M
2.6%
HOLD
WSC $70M
2.3%
HOLD
COF $67M
2.2%
NEW
ELV $67M
2.2%
TRIM
STKL $60M
2.0%
ADD
MSI $59M
1.9%
HOLD
AESI $54M
1.8%
TRIM
EPD $52M
1.7%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AMZNCOF

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.