13F-HR/A 1 oai13fa350286.txt OMEGA ADVISORS, INC. - FORM 13F-HR/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Report for the Calendar Year or Quarter Ended: December 31, 2006 ----------------- Check here if Amendment [X] Amendment Number: 2 ----------------- This Amendment (check only one): [X] is a restatement [ ] adds new holdings entries 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 March 7, 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: $4,508,028 -------------- (in thousands) List of Other Included Managers: NONE --------------

Title Of Market Value Shares/ SH/ PUT/ Investment Name Of issuer Class Cusip * 1000 Prn Amt Prn CALL Discretion Managers Sole Shared None -------------- -------- ---- ----------- ------- --- ---- ---------- -------- ---- ------ ---- 3M CO COM 88579Y101 123,488.00 1,584,600 SH SOLE 1,584,600 0 0 AFFORDABLE RESIDENTIAL COMMU COM 008273104 7244 621,800 SH SOLE 621,800 0 0 AGERE SYSTEMS INC COM 00845V308 114,955.00 5,996,600 SH SOLE 5,996,600 0 0 ALESCO FINANCIAL INC COM 014485106 39,736.00 3,713,600 SH SOLE 3,713,600 0 0 ALTRIA GROUP INC COM 02209S103 5,913.00 68,900 SH SOLE 68,900 0 0 AMERICAN TOWER CORP-CL A CL A 029912201 63,477.00 1,702,700 SH SOLE 1,702,700 0 0 ANNTAYLOR STORES CORP COM 036115103 8,210.00 250,000 SH SOLE 250,000 0 0 ATLAS AMERICA INC COM 049167109 69,660.00 1,366,678 SH SOLE 1,366,678 0 0 ATLAS ENERGY RESOURCES LLC COM 049303100 6,801.00 300,000 SH SOLE 300,000 0 0 AUTOLIV INC COM 052800109 104,729.00 1,736,800 SH SOLE 1,736,800 0 0 BANK OF AMERICA CORP COM 060505104 105,638.00 1,978,602 SH SOLE 1,978,602 0 0 BED BATH & BEYOND INC COM 075896100 94,732.00 2,486,400 SH SOLE 2,486,400 0 0 BERKSHIRE HATHAWAY INC CL B 084670207 87,390.00 23,838 SH SOLE 23,838 0 0 BEST BUY INC COM 086516101 12,298.00 250,000 SH SOLE 250,000 0 0 CA INC COM 12673P105 40,833.00 1,802,800 SH SOLE 1,802,800 0 0 CAMECO CORP COM 13321L108 19,198.00 474,600 SH SOLE 474,600 0 0 CANADIAN NATURAL RESOURCES COM 136385101 15,756.00 296,000 SH SOLE 296,000 0 0 CAREMARK RX INC COM 141705103 76,927.00 1,347,000 SH SOLE 1,347,000 0 0 CARROLS RESTAURANT GROUP INC COM 14574X104 4,609.00 325,000 SH SOLE 325,000 0 0 CISCO SYSTEMS INC COM 17275R102 69,664.00 2,549,000 SH SOLE 2,549,000 0 0 CITIGROUP INC COM 172967101 115,511.00 2,073,800 SH SOLE 2,073,800 0 0 CITRIX SYSTEMS INC COM 177376100 947.00 35,000 SH SOLE 35,000 0 0 CNX GAS CORP COM 12618H309 14,351.00 562,800 SH SOLE 562,800 0 0 COMCAST CORP CL A SPL 20030N200 105,437.00 2,517,600 SH SOLE 2,517,600 0 0 COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412100 47,919.00 1,825,500 SH SOLE 1,825,500 0 0 CONOCOPHILLIPS COM 20825C104 76,173.00 1,058,700 SH SOLE 1,058,700 0 0 CORNING INC COM 219350105 86,236.00 4,609,100 SH SOLE 4,609,100 0 0 CRYSTAL RIVER CAPITAL INC COM 229393301 37,598.00 1,472,700 SH SOLE 1,472,700 0 0 CVS CORP COM 126650100 2,318.00 75,000 SH SOLE 75,000 0 0 DAVITA INC COM 23918K108 56,015.00 984,800 SH SOLE 984,800 0 0 DEERE & CO COM 244199105 76,469.00 835,900 SH SOLE 835,900 0 0 DEUTSCHE BANK AG NAMEN ORD D18190898 29,766.00 223,400 SH SOLE 223,400 0 0 DOLLAR GENERAL CORP COM 256669102 20,340.00 1,266,500 SH SOLE 1,266,500 0 0

Title Of Market Value Shares/ SH/ PUT/ Investment Name Of issuer Class Cusip * 1000 Prn Amt Prn CALL Discretion Managers Sole Shared None -------------- -------- ---- ----------- ------- --- ---- ---------- -------- ---- ------ ---- E M C CORP MASS COM 268648102 950.00 72,000 SH SOLE 72,000 0 0 ECHOSTAR COMMUNICATIONS CL A 278762109 119,627.00 3,145,600 SH SOLE 3,145,600 0 0 ELECTRONIC DATA SYSTEMS CORP COM 285661104 58,891.00 2,137,600 SH SOLE 2,137,600 0 0 ENCANA CORP COM 292505104 5,974.00 130,000 SH SOLE 130,000 0 0 EXELON CORP COM 30161N101 26,056.00 421,000 SH SOLE 421,000 0 0 FAIR ISAAC CORP COM 303250104 976.00 24,000 SH SOLE 24,000 0 0 FEDERATED DEPARTMENT STORES COM 31410H101 49,744.00 1,304,600 SH SOLE 1,304,600 0 0 FRED'S INC CL A 356108100 10,836.00 900,000 SH SOLE 900,000 0 0 GEMSTAR-TV GUIDE INTL INC COM 36866W106 176.00 43,958 SH SOLE 43,958 0 0 GIVEN IMAGING LTD ORD M52020100 10,401.00 537,500 SH SOLE 537,500 0 0 HALLIBURTON CO COM 406216101 87,108.00 2,805,400 SH SOLE 2,805,400 0 0 HERCULES INC COM 427056106 8,941.00 463,000 SH SOLE 463,000 0 0 HOME DEPOT INC COM 437076102 92,332.00 2,299,100 SH SOLE 2,299,100 0 0 JAMBA INC COM 47023A101 20,140.00 2,000,000 SH SOLE 2,000,000 0 0 JANUS CAPITAL GROUP INC COM 47102X105 1,080.00 50,000 SH SOLE 50,000 0 0 KBR INC COM 48242W106 5,232.00 200,000 SH SOLE 200,000 0 0 KINDRED HEALTHCARE INC COM 494580103 33,883.00 1,341,900 SH SOLE 1,341,900 0 0 LEGG MASON INC COM 524901105 57,496.00 604,900 SH SOLE 604,900 0 0 LIGAND PHARMACEUTICALS-CL B CL B 53220K207 12,866.00 1,175,000 SH SOLE 1,175,000 0 0 LIMITED BRANDS INC COM 532716107 11,576.00 400,000 SH SOLE 400,000 0 0 LSI LOGIC CORP COM 502161102 30,645.00 3,405,000 SH SOLE 3,405,000 0 0 MASTERCARD INC CL A 57636Q104 38,382.00 389,700 SH SOLE 389,700 0 0 MCKESSON CORP COM 58155Q103 17,005.00 335,400 SH SOLE 335,400 0 0 MICROSOFT CORP COM 594918104 54,495.00 1,825,000 SH SOLE 1,825,000 0 0 MIRANT CORP COM 60467R100 167,147.00 5,294,480 SH SOLE 5,294,480 0 0 NEWS CORP CL A 65248E104 106,517.00 4,958,900 SH SOLE 4,958,900 0 0 NEXEN INC COM 65334H102 20,389.00 370,700 SH SOLE 370,700 0 0 NOKIA CORP SPONSORED ADR 654902204 117,777.00 5,796,100 SH SOLE 5,796,100 0 0 NORTHSTAR REALTY FINANCE COR COM 66704R100 6,610.00 398,900 SH SOLE 398,900 0 0 NTL INC COM 62941W101 134,481.00 5,328,100 SH SOLE 5,328,100 0 0 OMNICARE INC COM 681904108 50,582.00 1,309,400 SH SOLE 1,309,400 0 0 ORACLE CORP COM 68389X105 53,926.00 3,146,200 SH SOLE 3,146,200 0 0 OWENS CORNING INC COM 690742101 15,100.00 505,013 SH SOLE 505,013 0 0

Title Of Market Value Shares/ SH/ PUT/ Investment Name Of issuer Class Cusip * 1000 Prn Amt Prn CALL Discretion Managers Sole Shared None -------------- -------- ---- ----------- ------- --- ---- ---------- -------- ---- ------ ---- PACIFIC SUNWEAR OF CALIF COM 694873100 9,790.00 500,000 SH SOLE 500,000 0 0 QUALCOMM INC COM 747525103 42,170.00 1,115,900 SH SOLE 1,115,900 0 0 RAIT FINANCIAL TRUST COM 749227104 76,474.00 2,217,934 SH SOLE 2,217,934 0 0 READER'S DIGEST ASSOCIATION COM 755267101 44,223.00 2,648,100 SH SOLE 2,648,100 0 0 REALOGY CORP COM 75605E100 53,796.00 1,774,284 SH SOLE 1,774,284 0 0 RESOURCE AMERICA INC CL A 761195205 27,506.00 1,041,900 SH SOLE 1,041,900 0 0 RESOURCE CAPITAL CORP COM 76120W302 40,361.00 2,381,167 SH SOLE 2,381,167 0 0 SCIENTIFIC GAMES CORP CL A 80874P109 7,666.00 253,600 SH SOLE 253,600 0 0 SEARS CANADA INC COM 81234D109 16,522.00 719,400 SH SOLE 719,400 0 0 SERVICE CORP INTERNATIONAL COM 817565104 72,265.00 7,050,200 SH SOLE 7,050,200 0 0 SHIRE PLC SPONSORED ADR 82481R106 63,218.00 1,023,600 SH SOLE 1,023,600 0 0 SUPERVALU INC COM 868536103 56,296.00 1,574,700 SH SOLE 1,574,700 0 0 TAL INTERNATIONAL GROUP INC COM 874083108 123.00 4,600 SH SOLE 4,600 0 0 TEVA PHARMACEUTICAL-SP ADR ADR 881624209 23,403.00 753,000 SH SOLE 753,000 0 0 TOTAL S A SPONSORED ADR 89151E109 173.00 2,400 SH SOLE 2,400 0 0 TOWER GROUP INC COM 891777104 10,570.00 340,200 SH SOLE 340,200 0 0 TRANSOCEAN INC ORD G90078109 227,665.00 2,814,500 SH SOLE 2,814,500 0 0 TXU CORP COM 873168108 13,623.00 251,300 SH SOLE 251,300 0 0 TYCO INTERNATIONAL LTD COM 902124106 167,291.00 5,502,991 SH SOLE 5,502,991 0 0 UNITED STATES STEEL CORP COM 912909108 29,505.00 403,400 SH SOLE 403,400 0 0 UNITEDHEALTH GROUP INC COM 91324P102 85,968.00 1,600,000 SH SOLE 1,600,000 0 0 UNITRIN INC COM 913275103 2,430.00 48,500 SH SOLE 48,500 0 0 VIACOM INC CL B 92553P201 1,711.00 41,700 SH SOLE 41,700 0 0 WELLPOINT INC COM 94973V107 125,046.00 1,589,100 SH SOLE 1,589,100 0 0 WILLIAMS COS INC COM 969457100 97,872.00 3,747,000 SH SOLE 3,747,000 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 44,682.00 1,395,443 SH SOLE 1,395,443 0 0 TOTAL 4,508,028