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Leon Cooperman’s Omega Advisors Inc. exited its $177.7 million Apple Inc. stake and bought shares of Facebook Inc. and SandRidge Energy Inc. in the fourth quarter of 2012.
Omega sold 266,404 shares of Apple during the three months ended Dec. 31 as the world’s largest company by market value tumbled 20 percent during the quarter, according to a filing with the Securities and Exchange Commission today. The hedge fund spent $84.2 million on Facebook and took a 5 percent stake in oil and gas producer SandRidge to become the company’s sixth-biggest shareholder, according to data compiled by Bloomberg.