Leon Cooperman.
Scott Mlyn | CNBC
A model of this text first appeared in CNBC’s Inside Wealth publication with Robert Frank, a weekly information to the high-net-worth investor and client. Join to obtain future editions, straight to your inbox.
Non-public funding corporations of the ultra-wealthy capped off 2025 with fairness bets starting from airline shares to bitcoin ETFs, in accordance with fourth-quarter securities filings analyzed by CNBC.
A few of the investments made headlines. Leon Cooperman’s household workplace, Omega Advisors, for instance, attracted consideration final week for disclosing that it had upped its stake in Manchester United final quarter. Omega Advisors’ shares of the publicly traded English soccer membership are actually value $46.5 million, per InsiderScore.
(Manchester followers fearing a takeover by the hedge-fund billionaire can relaxation straightforward. One other submitting disclosing Cooperman’s 5.2% stake within the membership said that his holding is a passive funding.)
Whereas it generated much less buzz, Omega Advisors’ largest transfer final quarter was shopping for greater than $375 million value of shares in mortgage lender Rocket Firms. The brand new place is now the agency’s largest holding valued at practically $407 million, per InsiderScore.
Another strikes by billionaire corporations have already paid off. David Tepper’s household workplace Appaloosa tripled its place in Micron to $428.1 million, making it the agency’s high holding. Shares of Micron, which produces reminiscence chips that energy synthetic intelligence information facilities, have surged by roughly 50% for the reason that begin of 2026. Throughout the identical quarter, Stanley Druckenmiller’s Duquesne Household Workplace initiated a brand new place in fuel-cell firm Bloom Vitality, which is up greater than 100% yr to this point.
Bets on cryptocurrency have been much less fruitful to this point this yr. WIT LLC, an funding automobile for the Walton household’s namesake household workplace, made a $4 million allocation to iShares Bitcoin Belief ETF, which has sunk 21% year-to-date. The brand new place makes up lower than 1% of WIT’s portfolio. Responsibility-free mogul Alan Parker’s Kemnay Advisory Companies elevated its shares of Coinbase by practically 44% final quarter. Shares of Coinbase have sunk 18% for the reason that starting of the yr.
Final quarter’s filings highlighted main traders’ diverging approaches on buying and selling the Magazine 7. Duquesne, as an illustration, upped its Amazon holdings by 69% to roughly $170 million and exited its Meta place. In the meantime, Longbow SA, an funding agency of the billionaire Rausing household, downsized its positions in Amazon, Nvidia, Microsoft, Apple, Alphabet and Meta.
Ray Dalio, who has repeatedly warned of an AI bubble and a possible capital battle for months, has taken a putting strategy, in accordance with the newest submitting for Dalio’s Marino Administration. The agency disclosed a $438.5 million place in SPDR Gold Belief that makes up practically 90% of its portfolio.
“I believe individuals make the error of considering, ‘Is [gold] going to go up and down, and may I purchase it?'” Dalio advised CNBC in early February. “As a substitute … maybe central banks or governments or sovereign wealth funds ought to say, ‘What proportion of my portfolio ought to I’ve in gold?’ [and] maintain a sure proportion, as a result of it is a very efficient diversifier to different poor elements of the portfolio.”
