Leon Cooperman's Strategic Moves: Regal Rexnord Corp Exit Impacts Portfolio by -3.21%

This article first appeared on GuruFocus.

Exploring the Latest 13F Filing and Investment Adjustments

Leon Cooperman (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2026, providing insights into his investment moves during this period. Prior to founding Omega Advisors, Leon Cooperman (Trades, Portfolio) graduated from Columbia University and worked as CEO and Chairman of Goldman Sachs Asset Management. Cooperman converted his hedge fund into a family office in 2018. Leon Cooperman (Trades, Portfolio) combines his macro view and fundamental valuation in his investing strategy. While he does try to predict the market direction, Cooperman also pays close attention to market valuations.

Warning! GuruFocus has detected 3 Warning Signs with SNDK. Is VRT fairly valued? Test your thesis with our free DCF calculator.Leon Cooperman's Strategic Moves: Regal Rexnord Corp Exit Impacts Portfolio by -3.21%

Summary of New Buy

Leon Cooperman (Trades, Portfolio) added a total of 3 stocks, among them:

The most significant addition was Capital One Financial Corp (NYSE:COF), with 370,000 shares, accounting for 2.21% of the portfolio and a total value of $67.5 million. The second largest addition to the portfolio was Amazon.com Inc (NASDAQ:AMZN), consisting of 169,500 shares, representing approximately 1.16% of the portfolio, with a total value of $35.3 million. The third largest addition was Horizon Space Acquisition II Corp (NASDAQ:HSPT), with 1,100 shares, accounting for a total value of $240.

Key Position Increases

Leon Cooperman (Trades, Portfolio) also increased stakes in a total of 7 stocks, among them:

The most notable increase was OneMain Holdings Inc (NYSE:OMF), with an additional 1,305,000 shares, bringing the total to 2,005,000 shares. This adjustment represents a significant 186.43% increase in share count, a 2.29% impact on the current portfolio, with a total value of $107.2 million. The second largest increase was Pelagos Insurance Capital Ltd (NYSE:PLGO), with an additional 942,597 shares, bringing the total to 7,984,348. This adjustment represents a significant 13.39% increase in share count, with a total value of $152.6 million.

Summary of Sold Out

Leon Cooperman (Trades, Portfolio) completely exited 2 of the holdings in the first quarter of 2026, as detailed below:

Regal Rexnord Corp (NYSE:RRX): Leon Cooperman (Trades, Portfolio) sold all 690,000 shares, resulting in a -3.21% impact on the portfolio. Occidental Petroleum Corp (NYSE:OXY): Leon Cooperman (Trades, Portfolio) liquidated all 700,000 shares, causing a -0.96% impact on the portfolio.

Key Position Reduces

Leon Cooperman (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include:

Story Continues

Reduced Elevance Health Inc (NYSE:ELV) by 113,000 shares, resulting in a -33.15% decrease in shares and a -1.31% impact on the portfolio. The stock traded at an average price of $328.66 during the quarter and has returned 14.64% over the past 3 months and 13.41% year-to-date. Reduced Atlas Energy Solutions Inc (NYSE:AESI) by 970,299 shares, resulting in a -19.2% reduction in shares and a -0.3% impact on the portfolio. The stock traded at an average price of $11.68 during the quarter and has returned 61.60% over the past 3 months and 101.91% year-to-date.

Portfolio Overview

At the first quarter of 2026, Leon Cooperman (Trades, Portfolio)'s portfolio included 41 stocks. The top holdings included 17.74% in Vertiv Holdings Co (NYSE:VRT), 9.83% in Rocket Companies Inc (NYSE:RKT), 8.43% in Energy Transfer LP (NYSE:ET), 5.11% in Mirion Technologies Inc (NYSE:MIR), and 5.01% in Pelagos Insurance Capital Ltd (NYSE:PLGO).Leon Cooperman's Strategic Moves: Regal Rexnord Corp Exit Impacts Portfolio by -3.21%

The holdings are mainly concentrated in 10 of all the 11 industries: Industrials, Financial Services, Energy, Basic Materials, Healthcare, Consumer Cyclical, Communication Services, Consumer Defensive, Technology, and Real Estate.Leon Cooperman's Strategic Moves: Regal Rexnord Corp Exit Impacts Portfolio by -3.21%

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