Leon Cooperman's Omega Advisors opens a new 5% GPGI position
As seen on the 24/7 Wall St. homepage on August 14, 2026.
- Shares
- 11M
- Value
- $180M
- % of portfolio
- 5.1%
As of Jun 30, 2026 · disclosed Aug 14, 2026 · ~45 days stale — may not reflect current positions.
Leon Cooperman's Omega Advisors disclosed a brand-new position worth about 5% of a concentrated 39-stock book, while Alphabet was among six names dropped entirely as of June 30. Vertiv still anchors the portfolio at roughly 20%, so the AI power trade remains the core bet.
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Omega Advisors disclosed the stake in GPGI Inc on August 14, 2026, covering holdings as of the June 30 quarter-end. The filing shows Omega acquired 11,384,508 shares valued at roughly $180 million, making it an immediate top holding in what is a tightly focused 39-stock book.
At about 5% of the portfolio, the position is large enough to signal genuine conviction rather than a speculative toe-dip. Cooperman runs a concentrated fund by design, so any new name consuming that much of the available capital is a deliberate, high-priority bet.
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The filing also reveals that Alphabet was among six names dropped entirely during the quarter. That kind of wholesale exit alongside a fresh large entry suggests a meaningful rotation in how Cooperman is positioning the macro book heading into the second half of 2026.
Vertiv continues to anchor the portfolio at roughly 20%, meaning the AI power infrastructure theme remains Omega's dominant exposure. The GPGI addition sits alongside that core bet, so investors will want to understand how the two positions relate thematically as more detail on GPGI's business emerges.
Mentioned: GPGI