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Cooperman: Buy Citi, SandRidge and these other stocks now

Leon Cooperman, founder of $10.7 billion hedge fund firm Omega Advisors, gave 12 stock recommendations at the Delivering Alpha conference Wednesday. Some were new, such as Actavis and Citigroup. Others were repeats of his previous recommendations made at the conference, such as SandRidge Energy and KKR & Co.

Cooperman broke the stock recommendations into four categories.

First was "growth at a reasonable price," where he picked Actavis, Citigroup and Thermo Fisher.

Second was "income and growth," where he picked Atlas Energy, Gaming and Leisure Properties, KKR and Nordic American Offshore.

Third were "asset restructure" plays, noting QEP Resources and Supervalu as examples.

Fourth were "high risk/high return" stocks, including Louis XIII Holdings, Monitise and SandRidge Energy.

Read MoreAlpha addict: The amazing career of Leon Cooperman

Cooperman has an exceptional track record at the joint CNBC and Institutional Investor conference. In 2012, all 10 of his stock picks gained over the following 12 months. In 2013, eight out of 10 did.

Generally, Cooperman believes the market is fully but fairly valued.

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—By CNBC's Lawrence Delevingne

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