13F-HR 1 srz590337v27.txt OMEGA ADVISORS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2004 ---------------------------- Check here if Amendment [ ]; Amendment Number: ----- This Amendment (Check only one.): [ ] 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, New York 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 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 G. Cooperman New York, New York 02/10/05 --------------------- ------------------ -------- Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 139 ------------- Form 13F Information Table Value Total: $3,106,201 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

Form 13F INFORMATION TABLE -------------------------------- -------------- --------- -------- ----------------- ---------- -------- ------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ---------------- ADVANCED AUTO PARTS INC COM 00751Y106 44,772 1,025,000 SH SOLE 1,025,000 ----------------------------------------------------------------------------------------------------------------------------------- ARBOR RLTY TR INC COM 038923108 12,510 509,800 SH SOLE 509,800 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN CAPITAL STRATEGIES COM 024937104 1,211 36,300 SH SOLE 36,300 ----------------------------------------------------------------------------------------------------------------------------------- ACCENTURE LTD BERMUDA CL A G1150G111 5,492 203,400 SH SOLE 203,400 ----------------------------------------------------------------------------------------------------------------------------------- AES CORP COM 00130H105 41,985 3,071,300 SH SOLE 3,071,300 ----------------------------------------------------------------------------------------------------------------------------------- AGCO CORP COM 001084102 12,171 556,000 SH SOLE 556,000 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN INTL GROUP INC COM 026874107 59,188 901,300 SH SOLE 901,300 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN GREETINGS CORP CL A 026375105 8,852 349,200 SH SOLE 349,200 ----------------------------------------------------------------------------------------------------------------------------------- AUTOLIV INC COM 052800109 58,965 1,220,800 SH SOLE 1,220,800 ----------------------------------------------------------------------------------------------------------------------------------- AFFILIATED MANAGERS GROUP COM 008252108 6,097 90,000 SH SOLE 90,000 ----------------------------------------------------------------------------------------------------------------------------------- AMR CORP COM 001765106 9,992 912,500 SH SOLE 912,500 ----------------------------------------------------------------------------------------------------------------------------------- ANNTAYLOR STORES CORP COM 036115103 3,014 140,000 SH SOLE 140,000 ----------------------------------------------------------------------------------------------------------------------------------- ALAMOSA HLDGS INC COM 011589108 16,798 1,347,100 SH SOLE 1,347,100 ----------------------------------------------------------------------------------------------------------------------------------- AVAYA INC COM 053499109 17,195 999,700 SH SOLE 999,700 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN EXPRESS CO COM 025816109 876 15,544 SH SOLE 15,544 ----------------------------------------------------------------------------------------------------------------------------------- AXIS CAPITAL HOLDINGS SHS G0692U109 2,410 88,100 SH SOLE 88,100 ----------------------------------------------------------------------------------------------------------------------------------- BAKER HUGHES INC COM 057224107 747 17,500 SH SOLE 17,500 ----------------------------------------------------------------------------------------------------------------------------------- BARR PHARMACEUTICALS INC COM 068306109 1,667 36,600 SH SOLE 36,600 ----------------------------------------------------------------------------------------------------------------------------------- ANHEUSER BUSCH COS INC COM 035229103 895 17,644 SH SOLE 17,644 ----------------------------------------------------------------------------------------------------------------------------------- CITIGROUP INC COM 172967101 61,844 1,283,600 SH SOLE 1,283,600 ----------------------------------------------------------------------------------------------------------------------------------- COMPUTER ASSOC INTL INC COM 204912109 59,082 1,902,200 SH SOLE 1,902,200 ----------------------------------------------------------------------------------------------------------------------------------- CAE INC COM 124765108 12,907 3,070,300 SH SOLE 3,070,300 ----------------------------------------------------------------------------------------------------------------------------------- CATERPILLAR INC DEL COM 149123101 6,855 70,300 SH SOLE 70,300 ----------------------------------------------------------------------------------------------------------------------------------- CAMECO CORP COM 13321L108 41,441 395,200 SH SOLE 395,200 ----------------------------------------------------------------------------------------------------------------------------------- CENDANT CORP COM 151313103 103,965 4,446,755 SH SOLE 4,446,755 ----------------------------------------------------------------------------------------------------------------------------------- CMS ENERGY CORP COM 125896100 45,420 4,346,400 SH SOLE 4,346,400 ----------------------------------------------------------------------------------------------------------------------------------- CAREMARK RX INC COM 141705103 51,259 1,300,000 SH SOLE 1,300,000 ----------------------------------------------------------------------------------------------------------------------------------- CONSECO INC COM NEW 208464883 54,481 2,730,900 SH SOLE 2,730,900 ----------------------------------------------------------------------------------------------------------------------------------- COPART INC COM 217204106 12,378 470,300 SH SOLE 470,300 ----------------------------------------------------------------------------------------------------------------------------------- CHIQUITA BRANDS INTL INC COM 170032809 49,525 2,245,000 SH SOLE 2,245,000 ----------------------------------------------------------------------------------------------------------------------------------- CREO INC COM 225606102 9,009 601,800 SH SOLE 601,800 ----------------------------------------------------------------------------------------------------------------------------------- CENTEX CORP COM 152312104 1,089 18,274 SH SOLE 18,274 ----------------------------------------------------------------------------------------------------------------------------------- CYPRESS SEMICONDUCTOR CORP COM 232806109 2,035 173,500 SH SOLE 173,500 ----------------------------------------------------------------------------------------------------------------------------------- ECHOSTAR COMMUNICATIONS NEW CL A 278762109 112,288 3,378,100 SH SOLE 3,378,100 ----------------------------------------------------------------------------------------------------------------------------------- DIRECTV GROUP INC COM 25459L106 6,227 372,000 SH SOLE 372,000 ----------------------------------------------------------------------------------------------------------------------------------- DUKE ENERGY CORP COM 264399106 332 13,109 SH SOLE 13,109 ----------------------------------------------------------------------------------------------------------------------------------- ENCANA CORP COM 292505104 21,865 383,200 SH SOLE 383,200 ----------------------------------------------------------------------------------------------------------------------------------- EMBRAER-EMPRESA BRASILEIRA D SP ADR PFD SHS 29081M102 30,450 910,600 SH SOLE 910,600 ----------------------------------------------------------------------------------------------------------------------------------- E TRADE FINANCIAL CORP COM 269246104 13,904 930,000 SH SOLE 930,000 ----------------------------------------------------------------------------------------------------------------------------------- ENTERGY CORP NEW COM 29364G103 909 13,455 SH SOLE 13,455 ----------------------------------------------------------------------------------------------------------------------------------- CORPORATE EXECUTIVE BOARD CO COM 21988R102 2,008 30,000 SH SOLE 30,000 ----------------------------------------------------------------------------------------------------------------------------------- EXELON CORP COM 30161N101 3,635 82,488 SH SOLE 82,488 ----------------------------------------------------------------------------------------------------------------------------------- FURNITURE BRANDS INTL INC COM 360921100 19,852 792,500 SH SOLE 792,500 ----------------------------------------------------------------------------------------------------------------------------------- FREEPORT-MCMORAN COPPER & GO CL B 35671D857 80,200 2,097,834 SH SOLE 2,097,834 ----------------------------------------------------------------------------------------------------------------------------------- FIRSTENERGY CORP COM 337932107 894 22,628 SH SOLE 22,628 ----------------------------------------------------------------------------------------------------------------------------------- FIDELITY NATL FINL INC COM 316326107 18,451 404,000 SH SOLE 404,000 ----------------------------------------------------------------------------------------------------------------------------------- SPRINT CORP COM FON 852061100 40,968 1,648,600 SH SOLE 1,648,600 ----------------------------------------------------------------------------------------------------------------------------------- FEDERAL HOME LN MTG CORP COM 313400301 2,948 40,000 SH SOLE 40,000 ----------------------------------------------------------------------------------------------------------------------------------- STREETTRACKS GOLD TR GOLD SHS 863307104 26,100 595,900 SH SOLE 595,900 ----------------------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS GROUP INC COM 38141G104 895 8,606 SH SOLE 8,606 ----------------------------------------------------------------------------------------------------------------------------------- HILTON HOTELS CORP COM 432848109 34,385 1,512,100 SH SOLE 1,512,100 ----------------------------------------------------------------------------------------------------------------------------------- HEALTH NET INC COM 42222G108 16,889 585,000 SH SOLE 585,000 ----------------------------------------------------------------------------------------------------------------------------------- HEINZ H J CO COM 423074103 835 21,413 SH SOLE 21,413 ----------------------------------------------------------------------------------------------------------------------------------- HELMERICH & PAYNE INC COM 423452101 681 20,000 SH SOLE 20,000 ----------------------------------------------------------------------------------------------------------------------------------- HERCULES INC COM 427056106 7,067 475,900 SH SOLE 475,900 ----------------------------------------------------------------------------------------------------------------------------------- HUMANA INC COM 444859102 23,209 781,700 SH SOLE 781,700 ----------------------------------------------------------------------------------------------------------------------------------- INTEROIL CORP COM 460951106 2,270 60,000 SH SOLE 60,000 ----------------------------------------------------------------------------------------------------------------------------------- PENNEY J C INC COM 708160106 59,798 1,444,400 SH SOLE 1,444,400 ----------------------------------------------------------------------------------------------------------------------------------- JP MORGAN & CHASE & CO COM 46625H100 12,717 326,000 SH SOLE 326,000 ----------------------------------------------------------------------------------------------------------------------------------- KRISPY KREME DOUGHNUTS INC COM 501014104 3,150 250,000 SH SOLE 250,000 ----------------------------------------------------------------------------------------------------------------------------------- KLA-TENCOR CORP COM 482480100 915 19,634 SH SOLE 19,634 ----------------------------------------------------------------------------------------------------------------------------------- KERR MCGEE CORP COM 492386107 39,072 676,100 SH SOLE 676,100 ----------------------------------------------------------------------------------------------------------------------------------- LIBERTY MEDIA CORP NEW COM SER A 530718105 49,250 4,485,445 SH SOLE 4,485,445 ----------------------------------------------------------------------------------------------------------------------------------- LIBERTY MEDIA INTL INC COM SER A 530719103 541 11,700 SH SOLE 11,700 ----------------------------------------------------------------------------------------------------------------------------------- LABORATORY CORP AMER HLDGS COM NEW 50540R409 18,179 364,900 SH SOLE 364,900 ----------------------------------------------------------------------------------------------------------------------------------- LAIDLAW INTL INC COM 50730R102 68,205 3,187,127 SH SOLE 3,187,127 ----------------------------------------------------------------------------------------------------------------------------------- LINENS N THINGS INC COM 535679104 6,669 268,900 SH SOLE 268,900 ----------------------------------------------------------------------------------------------------------------------------------- LOCKHEED MARTIN CORP COM 539830109 361 6,500 SH SOLE 6,500 ----------------------------------------------------------------------------------------------------------------------------------- LAS VEGAS SANDS CORP COM 517834107 4,800 100,000 SH SOLE 100,000 ----------------------------------------------------------------------------------------------------------------------------------- MCI INC COM 552691107 186,668 9,259,309 SH SOLE 9,259,309 ----------------------------------------------------------------------------------------------------------------------------------- MAGNUM HUNTER RES INC COM PAR $0.002 55972F203 1,290 100,000 SH SOLE 100,000 ----------------------------------------------------------------------------------------------------------------------------------- ALTRIA GROUP INC COM 02209S103 43,467 711,400 SH SOLE 711,400 ----------------------------------------------------------------------------------------------------------------------------------- MOTOROLA INC COM 620076109 17,633 1,025,200 SH SOLE 1,025,200 ----------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY COM NEW 617446448 1,015 18,284 SH SOLE 18,284 ----------------------------------------------------------------------------------------------------------------------------------- INCO LTD COM 453258402 19,652 534,300 SH SOLE 534,300 ----------------------------------------------------------------------------------------------------------------------------------- NATIONAL CITY CORP COM 635405103 1,040 27,700 SH SOLE 27,700 ----------------------------------------------------------------------------------------------------------------------------------- NEIGHBORCARE INC COM 64015Y104 3,379 110,000 SH SOLE 110,000 ----------------------------------------------------------------------------------------------------------------------------------- NEWFIELD EXPL CO COM 651290108 1,181 20,000 SH SOLE 20,000 ----------------------------------------------------------------------------------------------------------------------------------- NISOURCE INC COM 65473P105 1,139 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- KNIGHT TRADING GROUP INC COM 499063105 1,133 103,500 SH SOLE 103,500 ----------------------------------------------------------------------------------------------------------------------------------- NATIONAL SEMICONDUCTOR CORP COM 637640103 5,385 300,000 SH SOLE 300,000 ----------------------------------------------------------------------------------------------------------------------------------- NORTEL NETWORKS CORP NEW COM 656568102 5,235 1,500,000 SH SOLE 1,500,000 ----------------------------------------------------------------------------------------------------------------------------------- NORTHWEST AIRLS CORP CL A 667280101 9,263 847,500 SH SOLE 847,500 ----------------------------------------------------------------------------------------------------------------------------------- NEXTEL COMMUNICATIONS INC CL A 65332V103 41,025 1,367,500 SH SOLE 1,367,500 ----------------------------------------------------------------------------------------------------------------------------------- NEXEN INC COM 65334H102 19,146 471,000 SH SOLE 471,000 ----------------------------------------------------------------------------------------------------------------------------------- OMNICARE INC COM 681904108 11,923 344,400 SH SOLE 344,400 ----------------------------------------------------------------------------------------------------------------------------------- OCEANEERING INTL INC COM 675232102 1,866 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- PEP BOYS MANNY MOE & JACK COM 713278109 3,414 200,000 SH SOLE 200,000 ----------------------------------------------------------------------------------------------------------------------------------- PFIZER INC COM 717081103 36,506 1,357,600 SH SOLE 1,357,600 ----------------------------------------------------------------------------------------------------------------------------------- PIER 1 IMPORTS INC COM 720279108 4,490 227,900 SH SOLE 227,900 ----------------------------------------------------------------------------------------------------------------------------------- PINNACLE ENTMT INC COM 723456109 19,426 982,100 SH SOLE 982,100 ----------------------------------------------------------------------------------------------------------------------------------- PLATINUM UNDERWRITER HLDGS L COM G7127P100 4,631 148,900 SH SOLE 148,900 ----------------------------------------------------------------------------------------------------------------------------------- PROVIDIAN FINL CORP COM 74406A102 911 55,298 SH SOLE 55,298 ----------------------------------------------------------------------------------------------------------------------------------- PRAXAIR INC COM 74005P104 858 19,438 SH SOLE 19,438 ----------------------------------------------------------------------------------------------------------------------------------- PLAYTEX PRODS INC COM 72813P100 2,752 344,400 SH SOLE 344,400 ----------------------------------------------------------------------------------------------------------------------------------- RESOURCE AMERICA INC CL A 761195205 30,108 926,400 SH SOLE 926,400 ----------------------------------------------------------------------------------------------------------------------------------- TRANSOCEAN INC ORD G90078109 13,692 323,000 SH SOLE 323,000 ----------------------------------------------------------------------------------------------------------------------------------- RESEARCH IN MOTION LTD COM 760975102 83,088 1,008,100 SH SOLE 1,008,100 ----------------------------------------------------------------------------------------------------------------------------------- RENAISSANCERE HOLDINGS LTD COM G7496G103 34,607 664,500 SH SOLE 664,500 ----------------------------------------------------------------------------------------------------------------------------------- ROSS STORES INC COM 778296103 2,526 87,500 SH SOLE 87,500 ----------------------------------------------------------------------------------------------------------------------------------- SERVICE CORP INTL COM 817565104 43,857 5,886,800 SH SOLE 5,886,800 ----------------------------------------------------------------------------------------------------------------------------------- SUNGARD DATA SYS INC COM 867363103 5,666 200,000 SH SOLE 200,000 ----------------------------------------------------------------------------------------------------------------------------------- SELECT MEDICAL CORP COM 816196109 3,782 214,900 SH SOLE 214,900 ----------------------------------------------------------------------------------------------------------------------------------- ISTAR FINL INC COM 45031U101 25,798 570,000 SH SOLE 570,000 ----------------------------------------------------------------------------------------------------------------------------------- SCIENTIFIC GAMES CORP CL A 80874P109 59,304 2,487,600 SH SOLE 2,487,600 ----------------------------------------------------------------------------------------------------------------------------------- SELECTIVE INS GROUP INC COM 816300107 442 10,000 SH SOLE 10,000 ----------------------------------------------------------------------------------------------------------------------------------- SUNTERRA CORP COM NEW 86787D208 4,229 301,200 SH SOLE 301,200 ----------------------------------------------------------------------------------------------------------------------------------- SAPPI LTD SPON ADR NEW 803069202 2,562 176,700 SH SOLE 176,700 ----------------------------------------------------------------------------------------------------------------------------------- SEMPRA ENERGY COM 816851109 7,681 209,400 SH SOLE 209,400 ----------------------------------------------------------------------------------------------------------------------------------- QUESTAR CORP COM 748356102 2,548 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- SUNCOR ENERGY INC COM 867229106 17,118 485,000 SH SOLE 485,000 ----------------------------------------------------------------------------------------------------------------------------------- SOUTHERN UN CO NEW COM 844030106 2,158 90,000 SH SOLE 90,000 ----------------------------------------------------------------------------------------------------------------------------------- SYMANTEC CORP COM 871503108 12,880 500,000 SH SOLE 500,000 ----------------------------------------------------------------------------------------------------------------------------------- 21ST CENTY HLDG CO COM 90136Q100 600 41,100 SH SOLE 41,100 ----------------------------------------------------------------------------------------------------------------------------------- TOMMY HILFIGER CORP COM G8915Z102 1,692 150,000 SH SOLE 150,000 ----------------------------------------------------------------------------------------------------------------------------------- TEMPUR PEDIC INTL INC COM 88023U101 16,720 788,700 SH SOLE 788,700 ----------------------------------------------------------------------------------------------------------------------------------- TOWER GROUP INC COM 891777104 1,105 92,100 SH SOLE 92,100 ----------------------------------------------------------------------------------------------------------------------------------- TIME WARNER INC COM 887317105 20,103 1,034,100 SH SOLE 1,034,100 ----------------------------------------------------------------------------------------------------------------------------------- TXU CORP COM 873168108 40,156 622,000 SH SOLE 622,000 ----------------------------------------------------------------------------------------------------------------------------------- TYCO INTL LTD NEW COM 902124106 110,329 3,086,991 SH SOLE 3,086,991 ----------------------------------------------------------------------------------------------------------------------------------- UNITEDHEALTH GROUP INC COM 91324P102 957 10,870 SH SOLE 10,870 ----------------------------------------------------------------------------------------------------------------------------------- USEC INC COM 90333E108 485 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- VERITAS SOFTWARE CO COM 923436109 14,275 500,000 SH SOLE 500,000 ----------------------------------------------------------------------------------------------------------------------------------- WACHOVIA CORP 2ND NEW COM 929903102 7,969 151,500 SH SOLE 151,500 ----------------------------------------------------------------------------------------------------------------------------------- WENDYS INTL INC COM 950590109 982 25,000 SH SOLE 25,000 ----------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO & CO NEW COM 949746101 895 14,401 SH SOLE 14,401 ----------------------------------------------------------------------------------------------------------------------------------- WASHINGTON GROUP INTL INC COM NEW 938862208 3,040 73,700 SH SOLE 73,700 ----------------------------------------------------------------------------------------------------------------------------------- WHIRLPOOL CORP COM 963320106 4,554 65,800 SH SOLE 65,800 ----------------------------------------------------------------------------------------------------------------------------------- WELLPOINT HEALTH NETWORK NEW COM 94973H108 196,305 1,707,000 SH SOLE 1,707,000 ----------------------------------------------------------------------------------------------------------------------------------- WAL MART STORES INC COM 931142103 792 15,000 SH SOLE 15,000 ----------------------------------------------------------------------------------------------------------------------------------- WESTAR ENERGY INC COM 95709T100 45,321 1,981,700 SH SOLE 1,981,700 ----------------------------------------------------------------------------------------------------------------------------------- WILLIS GROUP HOLDINGS LTD SHS G96655108 19,338 469,700 SH SOLE 469,700 ----------------------------------------------------------------------------------------------------------------------------------- WYNN RESORTS LTD COM 983134107 45,773 684,000 SH SOLE 684,000 ----------------------------------------------------------------------------------------------------------------------------------- YELLOW ROADWAY CORP COM 985577105 44,301 795,200 SH SOLE 795,200 ----------------------------------------------------------------------------------------------------------------------------------- BP PLC SPONSORED ADR 055622104 33,960 581,500 SH SOLE 581,500 ----------------------------------------------------------------------------------------------------------------------------------- NEWS CORP CL B 65248E203 4,992 260,000 SH SOLE 260,000 ----------------------------------------------------------------------------------------------------------------------------------- ROYAL DUTCH PETE CO NY REG EUR.56 780257804 106,675 1,859,100 SH SOLE 1,859,100 ----------------------------------------------------------------------------------------------------------------------------------- TOTAL S A SPONSORED ADR 89151E109 41,047 373,700 SH SOLE 373,700 ----------------------------------------------------------------------------------------------------------------------------------- MARRIOTT INTL INC NEW CL A 571903202 315 5,000 SH PUT SOLE 5,000 -----------------------------------------------------------------------------------------------------------------------------------