13F-HR 1 omega13fhr020312.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Report for the Calendar Year or Quarter Ended: December 31, 2011 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 G. Cooperman New York, New York February 10, 2012 -------------------- ------------------- ----------------- [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: 71 Form 13F Information Table Value Total: $ 3,968,602 (in thousands) List of Other Included Managers: NONE

------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ APPLE INC COM 037833100 96,635 238,604 SH SOLE 238,604 ACE LTD SHS H0023R105 49,315 703,293 SH SOLE 703,293 AON CORP COM 037389103 7,895 168,700 SH SOLE 168,700 ANADARKO PETROLEUM CORP COM 032511107 16,289 213,400 SH SOLE 213,400 ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 199,236 5,363,018 SH SOLE 5,363,018 ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 87,599 1,745,700 SH SOLE 1,745,700 ATLAS ENERGY LP COM UNITS LP 04930A104 92,132 3,791,447 SH SOLE 3,791,447 BEST BUY CO INC COM 086516101 1,753 75,000 SH SOLE 75,000 BROADRIDGE FINANCIAL SOLUTIO COM 11133T103 72,571 3,218,214 SH SOLE 3,218,214 BOSTON SCIENTIFIC CORP COM 101137107 87,876 16,456,100 SH SOLE 16,456,100 CHARMING SHOPPES COM 161133103 59,213 12,084,264 SH SOLE 12,084,264 CENTER BANCORP INC COM 151408101 5,325 545,000 SH SOLE 545,000 CITRIX SYSTEMS INC COM 177376100 95,172 1,567,399 SH SOLE 1,567,399 CABLEVISION SYSTEMS-NY GRP-A CL A NY CABLVS 12686C109 53,987 3,796,531 SH SOLE 3,796,531 CVS CAREMARK CORP COM 126650100 77,085 1,890,255 SH SOLE 1,890,255 DEAN FOODS CO COM 242370104 487 43,462 SH SOLE 43,462 DISCOVERY COMMUNICATIONS-C COM SER C 25470F302 67,301 1,785,172 SH SOLE 1,785,172 DISH NETWORK CORP-A CL A 25470M109 55,744 1,957,300 SH SOLE 1,957,300 DENBURY RESOURCES INC COM NEW 247916208 56,280 3,727,127 SH SOLE 3,727,127 EBAY INC COM 278642103 70,041 2,309,300 SH SOLE 2,309,300 EL PASO CORP COM 28336L109 137,646 5,180,500 SH SOLE 5,180,500 EXPRESS SCRIPTS INC COM 302182100 32,132 719,000 SH SOLE 719,000 E*TRADE FINANCIAL CORP COM NEW 269246401 90,990 11,430,909 SH SOLE 11,430,909 ENERGY XXI BERMUDA USD UNRS SHS G10082140 120,645 3,784,338 SH SOLE 3,784,338 FOREST OIL CORP COM PAR $0.01 346091705 33,469 2,470,000 SH SOLE 2,470,000 GIVEN IMAGING LTD ORD SHS M52020100 44,259 2,539,228 SH SOLE 2,539,228 SPDR GOLD TRUST GOLD SHS 78463V107 139,770 919,600 SH SOLE 919,600 GMX RESOURCES INC COM 38011M108 290 232,297 SH SOLE 232,297 HALLIBURTON CO COM 406216101 9,104 263,800 SH SOLE 263,800 H&R BLOCK INC COM 093671105 5,327 326,200 SH SOLE 326,200 JPMORGAN CHASE & CO COM 46625H100 29,179 877,564 SH SOLE 877,564 KKR FINANCIAL HOLDINGS LLC COM 48248A306 134,711 15,430,867 SH SOLE 15,430,867 KKR & CO LP COM UNITS 48248M102 68,734 5,357,287 SH SOLE 5,357,287 LINN ENERGY LLC-UNITS UNIT LTD LIAB 536020100 151,879 4,006,300 SH SOLE 4,006,300 LINCOLN NATIONAL CORP COM 534187109 63,414 3,265,416 SH SOLE 3,265,416 LORAL SPACE & COMMUNICATIONS COM 543881106 33,465 515,800 SH SOLE 515,800 ISHARES IBOXX INV GR CORP BD IBOXX INV CPBD 464287242 8,532 75,000 SH SOLE 75,000

------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ MBIA INC COM 55262C100 9,724 839,000 SH SOLE 839,000 METLIFE INC COM 59156R108 59,719 1,915,285 SH SOLE 1,915,285 MCGRAW-HILL COMPANIES INC COM 580645109 130,260 2,896,600 SH SOLE 2,896,600 MEDCO HEALTH SOLUTIONS INC COM 58405U102 22,360 400,000 SH SOLE 400,000 MCMORAN EXPLORATION CO COM 582411104 27,456 1,887,000 SH SOLE 1,887,000 MICROSOFT CORP COM 594918104 38,374 1,478,200 SH SOLE 1,478,200 NRG ENERGY INC COM NEW 629377508 12,362 682,210 SH SOLE 682,210 NUTRISYSTEM INC COM 67069D108 1,322 102,275 SH SOLE 102,275 NYSE EURONEXT COM 629491101 54,512 2,088,600 SH SOLE 2,088,600 OFFICE DEPOT INC COM 676220106 1,017 473,044 SH SOLE 473,044 PNC FINANCIAL SERVICES GROUP COM 693475105 14,632 253,724 SH SOLE 253,724 PVH CORP COM 693656100 24,834 352,300 SH SOLE 352,300 QUALCOMM INC COM 747525103 98,865 1,807,400 SH SOLE 1,807,400 REGAL ENTERTAINMENT GROUP-A CL A 758766109 45,273 3,791,682 SH SOLE 3,791,682 TRANSOCEAN LTD REG SHS H8817H100 97,455 2,538,545 SH SOLE 2,538,545 RESEARCH IN MOTION COM 760975102 42,650 2,941,400 SH SOLE 2,941,400 RUBY TUESDAY INC COM 781182100 2,488 360,575 SH SOLE 360,575 ECHOSTAR CORP-A CL A 278768106 13,421 640,910 SH SOLE 640,910 SLM CORP COM 78442P106 235,429 17,569,300 SH SOLE 17,569,300 SPDR S&P 500 ETF TRUST TR UNIT 78462F103 16,026 127,700 SH SOLE 127,700 SUNOCO INC COM 86764P109 129,103 3,147,312 SH SOLE 3,147,312 THL CREDIT INC COM 872438106 16,149 1,322,607 SH SOLE 1,322,607 TEEKAY CORP COM Y8564W103 41,429 1,549,900 SH SOLE 1,549,900 TEKELEC COM 879101103 9,933 908,742 SH SOLE 908,742 UNITED CONTINENTAL HOLDINGS COM 910047109 57,720 3,058,836 SH SOLE 3,058,836 DOMTAR CORP COM NEW 257559203 18,271 228,508 SH SOLE 228,508 UNITEDHEALTH GROUP INC COM 91324P102 59,612 1,176,248 SH SOLE 1,176,248 VALASSIS COMMUNICATIONS INC COM 918866104 26,150 1,359,839 SH SOLE 1,359,839 VALIDUS HOLDINGS LTD COM SHS G9319H102 321 10,200 SH SOLE 10,200 WELLPOINT INC COM 94973V107 63,541 959,107 SH SOLE 959,107 WILLIAMS COS INC COM 969457100 99,889 3,025,108 SH SOLE 3,025,108 WARNACO GROUP INC/THE COM NEW 934390402 25,425 508,100 SH SOLE 508,100 XL GROUP PLC SHS G98290102 94,883 4,799,337 SH SOLE 4,799,337 VODAFONE GROUP PLC-SP ADR SPONS ADR NEW 92857W209 22,515 803,256 SH SOLE 803,256 3,968,602