Leon Cooperman's Omega Advisors 13-F: New stake in AMZN, Cuts ELV

Leon Cooperman's Omega Advisors taking a new stake in Amazon (AMZN) signals confidence in the retail giant amidst current market volatility, potentially offering a strong endorsement for the stock.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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Leon Cooperman's Omega Advisors 13-F: New stake in AMZN, Cuts ELV

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  • New: Capital One (COF), Amazon (AMZN)
  • Raises: OneMain (OMF), Pelagos Insurance (PLGO), USA Today (TDAY), Manchester United (MANU).
  • Cuts: Elevance (ELV), Atlas Energy Solutions (AESI)
  • Exits: Regal Rexnord (RRX), Occidental (OXY)
  • Top: Vertiv (VRT), Rocket Cos (RKT), Energy Transfer (ET), Mirion Technologies (MIR), Pelagos Insurance (PLGO).
Context

In contrast, their cut in Elevance (ELV) could suggest concerns about health insurance sector dynamics, influencing overall sentiment in health care stocks as investors reassess their positions based on this notable shift in portfolio strategy.

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