Leon Cooperman Friends Facebook, Avoids Apple

Tickers in this article: AAPL FB LVS SD SIRI

NEW YORK (TheStreet) -- Noted hedge fund manager Leon Cooperman of Omega Advisors has some juicy details in his latest 13F filing. He's initiated a new 3 million share stake in Facebook (FB) , while completely selling out of Apple (AAPL) .

Cooperman, who got his start at Goldman Sachs (GS) , announced that as of Dec. 31, 2012, he and Omega Advisors owned 3.1 million shares of the popular social network. He did not have a position in Facebook prior to this filing.

Perhaps even more interesting than Cooperman's new stake in Facebook, though, is his lack of a stake in Apple. Cooperman, a long time Apple bull, has completely sold out of his Apple stock, as the shares fell during the fourth-quarter, amid concerns over slowing innovation and revenue growth. He owned more than 260,000 shares of Apple as of the end of the third-quarter, but held none as of Dec. 31, 2012.

The famed investor also disclosed new stakes in Las Vegas Sands (LVS) and SandRidge Energy (SD) , while upping his stake in names such as Sirius XM Satellite Radio (SIRI) and NYSE Euronext (NYX) .

Facebook shares jumped 3.% to $28.19 on the news, while Apple shares were down marginally, off 0.34% to $466.33.

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--Written by Chris Ciaccia in New York

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