Mr Cooper Group Inc (COOP)

[ReikoBlack]

Correction...the link you provided has a date of October 5, 2016 while the link i provided has a date of January 1, 2016. Nonetheless, the end result is the same. Tepper sold more than half of his shares.

LuckyPanda, you stated…

Quote:Here's the "redistribution" of Appaloosa WMIH holdings.

Appaloosa LP 7.6 million shares
Appaloosa Investment Limited Partnership I 3.8 million shares
Palomino Master Ltd. 3.8 million shares
Appaloosa Management L.P. 3.8 million shares
Appaloosa Partners Inc. 3.8 million shares
David A. Tepper 7.6 million shares

Here's the link to the Form 13G showing the new holdings signed by Tepper.

https://www.streetinsider.com/SEC+Filings/Form+SC+13GA+WMIH+CORP.+Filed+by%3A+Appaloosa+LP/12131594.html
As you can see, he never sold the shares. He just redistributed between the various holdings for what I'm assuming is to take advantage of his new Florida residence. It looks like some of the funds may be for the benefit of Appaloosa "management" and some for "partners".

I hope this helps. If you have any research into these other funds, please add to the thread.




The link you provided to the Form 13G has a date of October 13, 2016. Within this filing it states..

“Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: [x].”

Item 5 shows an ownership of 5 percent or less indicated by the “x” in the box.
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Now, here’s a link to a previous Form 13G showing the holdings signed by Tepper from February 12, 2016.

https://www.streetinsider.com/SEC+Filings/Form+SC+13G+WMIH+CORP.+Filed+by%3A+Appaloosa+LP/11316759.html

Appaloosa LP 16,902,465 million shares
Appaloosa Investment Limited Partnership I 7,327,124
Palomino Master Ltd. 9,575,341
Appaloosa Management L.P. 7,327,124
Appaloosa Partners Inc. 7,327,124
David A. Tepper 16,902,465

Item 5 is not marked with an “x”, clearly showing an ownership of more than 5 percent.

"Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: [ ]."
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Also, the funds show to own more shares in this Form 13G than the Form 13G of October 13, 2016.

Clearly, the shares were not just “redistributed between the various holdings”, Tepper sold more than half. The Form 13G from February 12, 2016 vs the Form 13G from October 13, 2016 proves this.