Leon Cooperman says he's still invested even if recession is likely in 2023. Here are his top picks

Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019.
Adam Jeffery | CNBC

Billionaire investor Leon Cooperman said Tuesday that he sees the probability of a recession in 2023 caused by either surging oil prices or the Federal Reserve's aggressive tightening.

Even as the macro picture has deteriorated, Cooperman said he remains heavily invested in value stocks.

More In Follow the Pros

CNBC ProRecession playbook: Here are some of Wall street's top stock picks for a downturn
CNBC ProBest trades on CNBC Friday: Pros lay out entry points in these tech and energy stocks
CNBC Pro‘The Big Short’ investor Michael Burry thinks financial markets rout is only halfway through