Leon Cooperman’s $1 Billion Q3 Share Position Changes: GLD, SLM, ETFC, XL, KKR, MET

Wall St. Watchdog reveals information regarding Leon Cooperman’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 16 stocks in the Financial sector at the end of the quarter with an aggregate market value of $1.009 billion. Are Physical Precious Metals Still in Demand?>>

  • Slm Corporation (NYSE:SLM): On 06/30/2011, Leon Cooperman reported holding 17,952,900 shares with a market value of $301,788,239. This comprised 6.63% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 18,847,600 shares with a market value of $234,652,616. This comprised 6.96% of the total portfolio. The net change in shares for this position over the two quarters is 894,700. About Company: SLM Corporation, commonly known as Sallie Mae, provides education funding, originating and servicing of U.S. government guaranteed and private student loans. The Company, through its subsidiaries, also provides debt management services and business and technical products to a range of clients including colleges, universities and loan guarantors.
  • Kkr Financial Corp. (NYSE:KFN): On 06/30/2011, Leon Cooperman reported holding 15,430,867 shares with a market value of $151,376,812. This comprised 3.32% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 15,430,867 shares with a market value of $114,651,339. This comprised 3.4% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. Its core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income & capital appreciation. KFN executes its core business strategy through subsidiaries and is externally managed by KKR Financial Advisors LLC.
  • Spdr Gold Shares (NYSEARCA:GLD): On 06/30/2011, Leon Cooperman reported holding 624,900 shares with a market value of $91,235,400. This comprised 2% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 721,500 shares with a market value of $114,040,288. This comprised 3.38% of the total portfolio. The net change in shares for this position over the two quarters is 96,600. About Company: SPDR Gold Trust is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
  • Etrade Financial Corporation (NASDAQ:ETFC): On 06/30/2011, Leon Cooperman reported holding 7,484,232 shares with a market value of $103,282,403. This comprised 2.27% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 9,932,932 shares with a market value of $90,489,007. This comprised 2.68% of the total portfolio. The net change in shares for this position over the two quarters is 2,448,700. About Company: E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors. The Company’s products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering.
  • Xl Group Plc (NYSE:XL): On 06/30/2011, Leon Cooperman reported holding 4,558,937 shares with a market value of $100,205,433. This comprised 2.2% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 4,616,837 shares with a market value of $86,796,532. This comprised 2.57% of the total portfolio. The net change in shares for this position over the two quarters is 57,900. About Company: XL Group PLC, through its subsidiaries, provides global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. The Company’s operations include insurance, reinsurance, life operations, and other financial lines, as well as general investing an financing.
  • Altisource Portfolio Solutions S.a. (NASDAQ:ASPS): On 06/30/2011, Leon Cooperman reported holding 1,965,900 shares with a market value of $72,345,119. This comprised 1.59% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 1,934,800 shares with a market value of $68,472,571. This comprised 2.03% of the total portfolio. The net change in shares for this position over the two quarters is -31,100. About Company: Altisource Portfolio Solutions SA provides real estate and mortgage portfolio management and related technology products and asset recovery and customer relationship management services.
  • Kohlberg Kravis Roberts & Co. (NYSE:KKR): On 06/30/2011, Leon Cooperman reported holding 3,323,587 shares with a market value of $54,240,939. This comprised 1.19% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 5,321,187 shares with a market value of $55,340,343. This comprised 1.64% of the total portfolio. The net change in shares for this position over the two quarters is 1,997,600. About Company: KKR & Co. L.P. is a global alternative asset manager. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation; invests in leveraged loans, high-yield bonds and less liquid credit products; and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice.
  • Metlife Inc. (NYSE:MET): On 06/30/2011, Leon Cooperman reported holding 1,290,885 shares with a market value of $56,631,124. This comprised 1.24% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 1,953,985 shares with a market value of $54,731,120. This comprised 1.62% of the total portfolio. The net change in shares for this position over the two quarters is 663,100. About Company: MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company’s products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.
  • Lincoln National Corp. (NYSE:LNC): On 06/30/2011, Leon Cooperman reported holding 2,081,016 shares with a market value of $59,288,145. This comprised 1.3% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 2,714,716 shares with a market value of $42,431,011. This comprised 1.26% of the total portfolio. The net change in shares for this position over the two quarters is 633,700. About Company: Lincoln National Corporation owns and operates wealth accumulation and protection businesses. The Company sells a wide range of products including institutional and/or retail fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, term life insurance, mutual funds, and managed accounts.
  • Ace Limited (NYSE:ACE): On 06/30/2011, Leon Cooperman reported holding 866,593 shares with a market value of $57,039,151. This comprised 1.25% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 681,293 shares with a market value of $41,286,355. This comprised 1.22% of the total portfolio. The net change in shares for this position over the two quarters is -185,300. About Company: ACE Limited is the holding company for the ACE Group of Companies, a property and casualty insurance business. The Group provides a diversified range of products and services to clients through operations in countries around the world. ACE provides specialty insurance and reinsurance products.

(Note: Data regarding Leon Cooperman’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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