Hedge Fund Billionaire Cooperman Makes Big Bet on Media; Adds AMC, Netflix

(CNBC) Leon Cooperman’s Omega Advisors bought two media stocks in the first quarter, according to a Monday filing with the U.S.The hedge fund added new stakes in shares of Netflix and AMC Networks, buying 78,000 shares and 832,000 shares, respectively. Omega increased its investment in Google parent Alphabet’s Class A shares, the hedge fund’s biggest holding, worth just over $152 million at Monday’s prices.

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