Leon Cooperman's Omega Advisors bought stakes in UnitedHealth Group and digital-payment processor PayPal during the first quarter. Omega Advisors purchased 499,500 shares of UnitedHealth Group and 1.3 million shares of PayPal , according to a regulatory filing on Monday. The UnitedHealth stake represents 1.7% of the fund's holdings, while PayPal is about 1.3% of Omega Advisors' portfolio. Cooperman's fund dissolved approximately three million shares of Citigroup , representing about 3.4% of the fund's holdings. Other new stakes disclosed include Coach Inc. , Lowe's Cos AutoZone Inc. and Electronic Arts . Omega Advisors also slashed its stake in tech giants, like Facebook , which it cut by more than 50% to 459,000 shares and Google Inc. parent Alphabet Inc. , which it decreased by more than a third to about 277,000 shares. Regulatory filings also showed that Omega Advisors bought a stake in Apple Inc. , purchasing 227,000 shares, representing 0.7% of its portfolio. However, the fund sold its entire position since then, according to CNBC. Apple's shares surged on Monday after Warren Buffett's Berkshire Hathaway disclosed that it took a nearly 10 million share stake in Apple.
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