13F-HR 1 oa898187.txt FORM 13F-HR ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Report for the Calendar Year or Quarter Ended: March 31, 2007 Check here if Amendment [ ] Amendment Number: _______ Institutional Investment Manager Filing this Report: Name: Omega Advisors, Inc. Address: Wall Street Plaza 88 Pine Street New York, NY 10005 Form 13F File Number: 28-3530 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all the information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Leon G. Cooperman Title: Chairman and CEO Phone: (212) 495-5210 Signature, Place, and Date of Signing: /s/ Leon Cooperman New York, New York May 14, 2007 ---------------------- --------------------- ---------------- [Signature] [City, State] [Date] Report Type: [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT ================================================================================ Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 92 Form 13F Information Table Value Total: $4,939,817 (in thousands) List of Other Included Managers: NONE

TITLE OF MARKET SHARES/ SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------- --------- ----------- --------- --- ---- ---------- -------- --------- ------ ---- AETNA INC COM 00817Y108 54,846,975 1,252,500 SH SOLE 1,252,500 0 0 ALESCO FINANCIAL INC COM 014485106 30,748,913 3,530,300 SH SOLE 3,530,300 0 0 AGERE SYSTEMS INC COM 00845V308 163,250,802 7,217,100 SH SOLE 7,217,100 0 0 AMERICAN INTERNATIONAL GROUP COM 026874107 34,208,258 508,900 SH SOLE 508,900 0 0 AUTOLIV INC COM 052800109 65,687,922 1,150,200 SH SOLE 1,150,200 0 0 AMERICAN TOWER CORP-CL A CL A 029912201 67,621,095 1,736,100 SH SOLE 1,736,100 0 0 AFFORDABLE RESIDENTIAL COMMU COM 008273104 9,367,696 772,275 SH SOLE 772,275 0 0 ATLAS AMERICA INC COM 049167109 83,917,477 1,485,528 SH SOLE 1,485,528 0 0 ATLAS ENERGY RESOURCES LLC COM 049303100 7,995,000 300,000 SH SOLE 300,000 0 0 BOEING CO COM 097023105 14,590,131 164,100 SH SOLE 164,100 0 0 BANK OF AMERICA CORP COM 060505104 83,734,177 1,641,203 SH SOLE 1,641,203 0 0 BED BATH & BEYOND INC COM 075896100 90,049,089 2,241,700 SH SOLE 2,241,700 0 0 BEST BUY CO INC COM 086516101 91,408,464 1,876,200 SH SOLE 1,876,200 0 0 BERKSHIRE HATHAWAY INC-CL B CL B 084670207 41,496,000 11,400 SH SOLE 11,400 0 0 CITIGROUP INC COM 172967101 81,266,086 1,582,900 SH SOLE 1,582,900 0 0 CASTLEPOINT HOLDINGS LTD COM 148553100 43,491,000 2,660,000 SH SOLE 2,660,000 0 0 CBRL GROUP INC COM 12489V106 11,575,000 250,000 SH SOLE 250,000 0 0 LOEWS CORP - CAROLINA GROUP COM 540424207 5,292,700 70,000 SH SOLE 70,000 0 0 CHICO'S FAS INC COM 168615102 44,953,643 1,840,100 SH SOLE 1,840,100 0 0 COMCAST CORP-SPECIAL CL A CL A SPL 20030N200 114,491,471 4,495,150 SH SOLE 4,495,150 0 0 CANADIAN NATURAL RESOURCES COM 136385101 19,923,590 361,000 SH SOLE 361,000 0 0 CONOCOPHILLIPS COM 20825C104 80,611,990 1,179,400 SH SOLE 1,179,400 0 0 CRYSTAL RIVER CAPITAL INC COM 229393301 42,874,216 1,597,400 SH SOLE 1,597,400 0 0 CISCO SYSTEMS INC COM 17275R102 65,887,824 2,580,800 SH SOLE 2,580,800 0 0 CVS/CAREMARK CORP COM 126650100 145,274,986 4,255,272 SH SOLE 4,255,272 0 0 CNX GAS CORP COM 12618H309 18,777,124 662,800 SH SOLE 662,800 0 0 DEUTSCHE BANK AG-REGISTERED ORD D18190898 24,984,078 185,700 SH SOLE 185,700 0 0 DEERE & CO COM 244199105 65,227,456 600,400 SH SOLE 600,400 0 0 ECHOSTAR COMMUNICATIONS - A CL A 278762109 125,369,381 2,886,700 SH SOLE 2,886,700 0 0 DAVITA INC COM 23918K108 57,372,320 1,076,000 SH SOLE 1,076,000 0 0 ENCANA CORP COM 292505104 7,224,901 142,700 SH SOLE 142,700 0 0 ELECTRONIC DATA SYSTEMS CORP COM 285661104 29,814,128 1,077,100 SH SOLE 1,077,100 0 0 EMC CORP/MASS COM 268648102 17,520,250 1,265,000 SH SOLE 1,265,000 0 0 EXPRESS SCRIPTS INC COM 302182100 63,631,576 788,300 SH SOLE 788,300 0 0

TITLE OF MARKET SHARES/ SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------- --------- ----------- --------- --- ---- ---------- -------- --------- ------ ---- FEDERATED DEPARTMENT STORES COM 31410H101 58,366,780 1,295,600 SH SOLE 1,295,600 0 0 FEDEX CORP COM 31428X106 11,871,015 110,500 SH SOLE 110,500 0 0 FRED'S INC CL A 356108100 2,940,000 200,000 SH SOLE 200,000 0 0 GIVEN IMAGING LTD ORD SHS M52020100 24,881,040 1,151,900 SH SOLE 1,151,900 0 0 CORNING INC COM 219350105 122,106,978 5,369,700 SH SOLE 5,369,700 0 0 GENESEE & WYOMING INC-CL A CL A 371559105 6,519,450 245,000 SH SOLE 245,000 0 0 REALOGY CORP COM 75605E100 60,229,967 2,034,109 SH SOLE 2,034,109 0 0 HALLIBURTON CO COM 406216101 162,397,710 5,116,500 SH SOLE 5,116,500 0 0 HOME DEPOT INC COM 437076102 85,218,430 2,319,500 SH SOLE 2,319,500 0 0 HERCULES INC COM 427056106 808,956 41,400 SH SOLE 41,400 0 0 JAMBA INC COM 47023A101 18,654,678 2,032,100 SH SOLE 2,032,100 0 0 JANUS CAPITAL GROUP INC COM 47102X105 1,045,500 50,000 SH SOLE 50,000 0 0 KKR FINANCIAL CORP COM 482476306 19,453,356 709,200 SH SOLE 709,200 0 0 LIGAND PHARMACEUTICALS-CL B CL B 53220K207 28,313,712 2,808,900 SH SOLE 2,808,900 0 0 LEGG MASON INC COM 524901105 66,549,944 706,400 SH SOLE 706,400 0 0 LSI CORP COM 502161102 46,006,992 4,406,800 SH SOLE 4,406,800 0 0 LOEWS CORP COM 540424108 4,179,560 92,000 SH SOLE 92,000 0 0 MASTERCARD INC-CLASS A CL A 57636Q104 14,544,256 136,900 SH SOLE 136,900 0 0 MIRANT CORP COM 60467R100 212,596,261 5,254,480 SH SOLE 5,254,480 0 0 3M CO COM 88579Y101 117,044,902 1,531,400 SH SOLE 1,531,400 0 0 ALTRIA GROUP INC COM 02209S103 128,667,993 1,465,300 SH SOLE 1,465,300 0 0 NEWS CORP-CL A CL A 65248E104 128,787,648 5,570,400 SH SOLE 5,570,400 0 0 NEXEN INC COM 65334H102 23,496,290 383,300 SH SOLE 383,300 0 0 OMNICARE INC COM 681904108 12,813,894 322,200 SH SOLE 322,200 0 0 ORACLE CORP COM 68389X105 61,254,018 3,378,600 SH SOLE 3,378,600 0 0 OSHKOSH TRUCK CORP COM 688239201 3,884,900 73,300 SH SOLE 73,300 0 0 QUALCOMM INC COM 747525103 112,733,316 2,642,600 SH SOLE 2,642,600 0 0 RAIT FINANCIAL TRUST COM 749227104 54,465,929 1,949,389 SH SOLE 1,949,389 0 0 RESOURCE AMERICA INC-CL A CL A 761195205 26,255,293 1,111,100 SH SOLE 1,111,100 0 0 TRANSOCEAN INC COM G90078109 230,197,920 2,817,600 SH SOLE 2,817,600 0 0 CIA VALE DO RIO DOCE-SP ADR SPONSORED ADR 204412100 33,504,008 1,071,100 SH SOLE 1,071,100 0 0 RESOURCE CAPITAL CORP COM 76120W302 41,767,641 2,587,834 SH SOLE 2,587,834 0 0 SEARS CANADA INC COM 81234D109 20,287,080 719,400 SH SOLE 719,400 0 0 SERVICE CORP INTERNATIONAL COM 817565104 78,720,750 6,637,500 SH SOLE 6,637,500 0 0 SHIRE PLC-ADR SPONSORED ADR 82481R106 69,557,030 1,123,700 SH SOLE 1,123,700 0 0

TITLE OF MARKET SHARES/ SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------- --------- ----------- --------- --- ---- ---------- -------- --------- ------ ---- SUPERVALU INC COM 868536103 24,067,120 616,000 SH SOLE 616,000 0 0 CARROLS RESTAURANT GROUP INC COM 14574X104 7,551,004 520,400 SH SOLE 520,400 0 0 TEVA PHARMACEUTICAL-SP ADR ADR 881624209 31,317,681 836,700 SH SOLE 836,700 0 0 TEEKAY SHIPPING CORP COM Y8564W103 15,248,198 281,800 SH SOLE 281,800 0 0 TRAVELERS COS INC/THE COM 89417E109 4,918,150 95,000 SH SOLE 95,000 0 0 TOWER GROUP INC COM 891777104 10,806,588 335,400 SH SOLE 335,400 0 0 TYCO INTERNATIONAL LTD COM 902124106 110,263,811 3,494,891 SH SOLE 3,494,891 0 0 DOMTAR CORP COM 257559104 5,736,822 616,200 SH SOLE 616,200 0 0 UNITED INDUSTRIAL CORP COM 910671106 5,520,000 100,000 SH SOLE 100,000 0 0 UNITEDHEALTH GROUP INC COM 91324P102 108,265,383 2,043,900 SH SOLE 2,043,900 0 0 UNITRIN INC COM 913275103 2,306,430 49,000 SH SOLE 49,000 0 0 VIACOM INC-CLASS B CL B 92553P201 1,714,287 41,700 SH SOLE 41,700 0 0 VIRGIN MEDIA INC COM 92769L101 94,702,650 3,750,600 SH SOLE 3,750,600 0 0 WACHOVIA CORP COM 929903102 18,458,265 335,300 SH SOLE 335,300 0 0 WEATHERFORD INTL LTD COM G95089101 8,929,800 198,000 SH SOLE 198,000 0 0 WELLPOINT INC COM 94973V107 136,499,410 1,683,100 SH SOLE 1,683,100 0 0 WILLIAMS COS INC COM 969457100 107,120,594 3,763,900 SH SOLE 3,763,900 0 0 WAL-MART STORES INC COM 931142103 15,024,000 320,000 SH SOLE 320,000 0 0 WYETH COM 983024100 23,113,860 462,000 SH SOLE 462,000 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 47,353,858 1,386,643 SH SOLE 1,386,643 0 0 UNITED STATES STEEL CORP COM 912909108 40,005,178 403,400 SH SOLE 403,400 0 0 NOKIA CORP-SPON ADR SPONSORED ADR 654902204 126,117,300 5,502,500 SH SOLE 5,502,500 0 0 TOTAL SA-SPON ADR SPONSORED ADR 89151E109 167,472 2,400 SH SOLE 2,400 0 0