U.S. markets closed
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • Dow 30

    28,335.57
    -28.09 (-0.10%)
     
  • Nasdaq

    11,548.28
    +42.28 (+0.37%)
     
  • Russell 2000

    1,640.50
    +10.25 (+0.63%)
     
  • Crude Oil

    39.78
    -0.86 (-2.12%)
     
  • Gold

    1,903.40
    -1.20 (-0.06%)
     
  • Silver

    24.70
    -0.01 (-0.04%)
     
  • EUR/USD

    1.1868
    +0.0042 (+0.36%)
     
  • 10-Yr Bond

    0.8410
    -0.0070 (-0.83%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.32%)
     
  • USD/JPY

    104.7200
    -0.1200 (-0.11%)
     
  • BTC-USD

    12,977.13
    +80.54 (+0.62%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,516.59
    +42.32 (+0.18%)
     

Omega Advisors Exits Alphabet

GuruFocus.com
·5 mins read

- By Tiziano Frateschi

Leon Cooperman (Trades, Portfolio)'s Omega Advisors manages a $874 million equity portfolio composed of 41 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.


Alphabet

The fund closed its position in Alphabet Inc. (GOOGL). The trade had an impact of -8.99% on the portfolio.

Omega Advisors Exits Alphabet
Omega Advisors Exits Alphabet

The holding company has a market cap of $1.08 trillion and an enterprise value of $974.24 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 15.77% and return on assets of 11.7% are outperforming 78% of companies in the interactive media industry. Its financial strength is rated 9 out of 10. The cash-debt ratio of 7.5 is above the industry median of 4.73.

The largest guru shareholder is PRIMECAP Management (Trades, Portfolio) with 0.24% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.23% and Pioneer Investments (Trades, Portfolio) with 0.15%.

VICI

The fund's VICI Properties Inc. (VICI) position was reduced by 58.92%. The portfolio was impacted by -1.53%.

Omega Advisors Exits Alphabet
Omega Advisors Exits Alphabet

The real estate investment trust has a market cap of $12.27 billion and an enterprise value of $17.45 billion.


The return on equity of 5.53% and return on assets of 3.22% are outperforming 54% of companies in the REITs industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.25 is far above the industry median of 0.09.

The largest guru shareholder of the company is George Soros (Trades, Portfolio) with 1.15% of outstanding shares, followed by Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 0.31% and Pioneer Investments (Trades, Portfolio) with 0.15%.


Gannett

The fund curbed its position in Gannett Co. Inc. (GCI) by 76.78%. The portfolio was impacted by -31.15%.

Omega Advisors Exits Alphabet
Omega Advisors Exits Alphabet

The digital newspaper company has a market cap of $231.72 million and an enterprise value of $1.99 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -87.23% and return on assets of -22.16% are underperforming 93% of companies in the media, diversified industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.08 is below the industry median of 0.8.


The largest guru shareholder is Cooperman with 1.34% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.14%.


First Eagle Alternative Capital

The fund reduced its First Eagle Alternative Capital BDC Inc. (FCRD) holding by 93.63%, impacting the portfolio by -0.92%.

Omega Advisors Exits Alphabet
Omega Advisors Exits Alphabet

The closed-end investment company has a market cap of $100.17 billion and an enterprise value of $243.14 million.


GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of -30.47% and return on assets of -16.26% are underperforming 90% of companies in the asset management industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.19 is far below the industry median of 20.95.

The largest guru shareholder is Cooperman with 0.60% of outstanding shares.


Nabors Industries

The investment fund curbed its holding of Nabors Industries Ltd. (NBR) by 95.25%. The portfolio was impacted by -0.70%.

Omega Advisors Exits Alphabet
Omega Advisors Exits Alphabet

The land rig drilling contractor has a market cap of $287.02 million and an enterprise value of $3.17 billion.


GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -48.6% and return on assets of -13.62% are underperforming 80% of companies in the oil and gas industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.38.


The largest guru shareholder is Jim Simons (Trades, Portfolio)' Renaissance Technologies with 1.03% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio)'s Gotham Asset Management with 0.08%.

Parsley Energy

The investment fund reduced its Parsley Energy Inc. (PE) position by 19.35%. The trade had an impact of -0.44% on the portfolio.

Omega Advisors Exits Alphabet
Omega Advisors Exits Alphabet

The American independent oil and gas producer has a market cap of $4.52 billion and an enterprise value of $8.06 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -72.19% and return on assets of -39.34% are underperforming 86% of companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.48 is few above the industry median of 0.44.

Other notable shareholders of the company include Louis Moore Bacon (Trades, Portfolio) with 0.28% of outstanding shares and Jeremy Grantham (Trades, Portfolio) with 0.15%.

Arbor Realty Trust

The investment fund reduced its holding in Arbor Realty Trust Inc. (ABR) by 10.49%. The portfolio was impacted by -0.18%.

Omega Advisors Exits Alphabet
Omega Advisors Exits Alphabet

The real estate finance company has a market cap of $1.29 billion and enterprise value of $5.97 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 5.02% is outperforming the sector, return on assets of 1.01% is underperforming 68% of companies in the REITs industry. Its financial strength is rated 2 out of 10 with a cash-debt ratio of 0.08.


The largest guru shareholder of the company is Cooperman with 2.15% of outstanding shares.

Disclosure: I do not own any stocks mentioned.

Read more here:

  • Causeway Capital Cuts Linde, Microsoft, FedEx

  • Maverick Capital Trims Fleetcor, Alibaba

  • Tiger Global Trims Athene, Mastercard



Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.