Estimated return — disclosed long book
What Lee Cooperman’s US-listed long positions did, derived from the share counts and market values in consecutive 13F filings, shown against SPY over exactly the same quarters. This is not the fund’s return. A 13F excludes shorts, bonds, cash, non-US listings and derivatives, says nothing about fees or leverage, and only sees positions held at both quarter ends. The fund figure is a price return while SPY is a total return, so the comparison is tilted against the manager by roughly a dividend yield.
Q1 2026
+0.2%
SPY -4.4%▲ +4.5%
By calendar year
| Year | Estimated | SPY | Difference |
|---|---|---|---|
| 2025 | +12.9% | +17.7% | -4.8% |
| 2024 | +30.4% | +24.9% | +5.5% |
| 2023 | +24.3% | +26.2% | -1.8% |
| 2022 | -9.4% | -18.2% | +8.8% |
| 2021 | +33.5% | +28.7% | +4.7% |
| 2020 | -1.1% | +18.3% | -19.4% |
| 20193/4 Q | +8.9% | +15.6% | -6.7% |
| 20142/4 Q | -1.1% | +6.9% | -8.1% |
| 20132/4 Q | +17.8% | +16.3% | +1.5% |
Years marked n/4 Qare built from fewer than four quarters, and the benchmark shown beside them covers the same partial set — so the difference is like-for-like, but the year is not a full year.