Seeking Alpha

Cooperman closes out Apple, opens Comcast, FCX, and HCA

  • Leon Cooperman's 13-F filing reveals new positions in Comcast (CMCSA), Freeport-McMoRan (FCX), and HCA as of the end of Q3.
  • He closed positions in Apple (AAPL), Crocs (CROX), Google (GOOG), and Las Vegas Sands (LVS).
  • Q3 13-F
  • Q2 13-F
Comments (21)
  • I wonder if he knows what, "cutting the cord," means?
    14 Nov 2013, 04:19 PM Reply Like
  • He obviously has a deeper understanding of CMCSA than you do.

     

    Here's a hint.... it pretty much competes with DIS in every space imaginable...... theme parks, TV content, movies, etc

     

    Long both CMCSA and DIS.
    14 Nov 2013, 04:56 PM Reply Like
  • Thanks for the hint, Chopchop. It's nice to see you investing in the same sector. That's just plain genius. You should write a book. I would title it for you, but I have a feeling you wouldn't like it.
    14 Nov 2013, 10:10 PM Reply Like
  • " I would title it for you, but I have a feeling you wouldn't like it."

     

    Wouldn't put much credibility in it if you think Comcast is just "cable" company
    15 Nov 2013, 10:01 AM Reply Like
  • did he really add FCX or transition from MMR?
    14 Nov 2013, 04:21 PM Reply Like
  • either way he is in FCX - good decision.
    14 Nov 2013, 07:09 PM Reply Like
  • Fat ass cooperman should lose weight.
    14 Nov 2013, 04:23 PM Reply Like
  • good point man must be terrible at investing only worth 2.5b if he was skinny he might be worth 3.5b
    14 Nov 2013, 04:44 PM Reply Like
  • no place on SA for dimwit comments like this.
    14 Nov 2013, 10:00 PM Reply Like
  • FCX = great choice!
    14 Nov 2013, 04:32 PM Reply Like
  • Looks like he collected the Apple dividend and cashed out....
    14 Nov 2013, 05:08 PM Reply Like
  • FCX is a fabulous addition.
    It's like a mutual fund without the Fees.
    Gold,Copper,Molybdenum...

     

    Pays 3.45% Dividend, and has 3 Board members who, over the last few months, bought over $80MM of FCX stock on the Open Market.

     

    Also announced today in a 13F is that David Tepper-Appaloosa Management, added a big FCX position to his portfolio.

     

    Great addition to anyone's portfolio.
    14 Nov 2013, 05:11 PM Reply Like
  • You forgot about Oil & Silver as well.
    I can see (FCX) pushing past that 40 mark in next day or so on favorable market conditions, & perhaps a boost in copper prices. I have been holding FCX (traded in/out 2 times since July. Holding long now.
    14 Nov 2013, 05:35 PM Reply Like
  • AAPL close out is premature. They have just refreshed all products in front of the holiday season. There is potential for major upside in 2014. Earnings momentum is turning positive and valuation is cheap.
    14 Nov 2013, 05:15 PM Reply Like
  • Looks like a wrong move to me. APPL spiked up since then.(end of Q3) Comcast went up as well, but I'll hold on my APPL definitely over buying Comcast anyday.
    14 Nov 2013, 05:15 PM Reply Like
  • Definitely a wrong move, AAPL ranged from 409 to 506 in 3rd qtr, even highest closing price still 5% lower than today's price. he had better not close AAPL at low 400.
    14 Nov 2013, 06:21 PM Reply Like
  • WPSPIKER-
    Thanks. Good point.
    Didn't forget about oil & gas, just thought everyone that knows FCX knew that. Oil & Gas were my ...
    14 Nov 2013, 08:55 PM Reply Like
  • Oil and gas, ok who ate some wicked Mexican ?
    14 Nov 2013, 09:34 PM Reply Like
  • Long FCX since insider buying a few months ago, this will only add to it's momentum! Next up - copper price increases to push FCX to $50 by mid-2014...
    14 Nov 2013, 10:37 PM Reply Like
  • this guy is one of the smartest on Wall St. A true winner for the last 10 yrs.
    14 Nov 2013, 11:01 PM Reply Like
  • prime mover-
    Agree, however as important as copper price is to FCX (and it is important), the point is that FCX is no longer JUST copper & gold.

     

    Therefore since FCX has broadened their revenue base with oil and gas the $50 +++ price is not totally relying on copper pricing.
    Imo, FCX made their oil / gas purchases at the right market time to make this company a more diverse entity.
    15 Nov 2013, 04:41 PM Reply Like
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