Leon Cooperman's Omega Builds Stake in Mortgage Lender Rocket Companies

Billionaire investor increases position in Detroit-based firm to nearly $407 million

Published on Feb. 19, 2026

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Leon Cooperman's Omega Advisors significantly increased its stake in Rocket Companies, the Detroit-based mortgage provider, during the fourth quarter of 2025. Cooperman bought more than $375 million worth of Rocket shares, making it the fund's largest holding valued at nearly $407 million.

Why it matters

Cooperman's investment in Rocket Companies reflects his bullish outlook on the mortgage industry, even as the stock has faced some recent headwinds. Rocket's performance could provide insights into the broader housing and lending markets.

The details

Rocket shares surged nearly 72% over the course of 2025, though they were only marginally lower in the fourth quarter. While the stock is down 4% so far in 2026, analysts polled by LSEG see a rebound ahead, with a average price target suggesting more than 15% in upside.

  • Cooperman bought more than $375 million worth of Rocket shares during the fourth quarter of 2025.

The players

Leon Cooperman

The chair of Omega Family Office and a former Goldman Sachs executive who has built a reputation as a successful investor.

Rocket Companies

A Detroit-based mortgage provider that has seen its stock surge in recent years, though it has faced some recent headwinds.

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The takeaway

Cooperman's significant investment in Rocket Companies underscores his confidence in the mortgage industry's prospects, even as the stock has faced some recent volatility. His move could signal broader optimism about the housing and lending markets.