13F-HR 1 oai35028613f.txt FORM 13F-HR - OMEGA ADVISORS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Report for the Calendar Year or Quarter Ended: September 30, 2007 ----------------- 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, 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 October 31, 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: 76 -------------- Form 13F Information Table Value Total: $4,414,106 -------------- (in thousands) List of Other Included Managers: NONE --------------

Title Of Market Shares/Prn Sh/ Put/ Investment Other Voting Authority Name of Issuer Class CUSIP value amount Prn Call Discretion Managers Sole Shared None --------------------------- ----- ----- ----------- --------- --- ---- ---------- -------- ---- ------ ---- ALCOA INC COM 013817101 59,650,176 1,524,800 SH SOLE 1,524,800 AES CORP COM 00130H105 51,765,324 2,583,100 SH SOLE 2,583,100 ALESCO FINANCIAL INC COM 014485106 12,937,140 2,629,500 SH SOLE 2,629,500 AMERICAN INTERNATIONAL GROUP COM 026874107 57,948,990 856,600 SH SOLE 856,600 AUTOLIV INC COM 052800109 26,517,050 443,800 SH SOLE 443,800 AMERICAN TOWER CORP-CL A CL A 029912201 73,325,714 1,684,100 SH SOLE 1,684,100 APACHE CORP COM 037411105 5,223,480 58,000 SH SOLE 58,000 ANADARKO PETROLEUM CORP COM 032511107 86,258,000 1,604,800 SH SOLE 1,604,800 ATLAS AMERICA INC COM 049167109 122,860,865 2,379,641 SH SOLE 2,379,641 BOEING CO COM 097023105 76,695,195 730,500 SH SOLE 730,500 BANK OF AMERICA CORP COM 060505104 85,308,341 1,697,003 SH SOLE 1,697,003 BEST BUY CO INC COM 086516101 71,763,588 1,559,400 SH SOLE 1,559,400 BEARINGPOINT INC COM 074002106 6,514,020 1,608,400 SH SOLE 1,608,400 BEA SYSTEMS INC COM 073325102 15,372,121 1,108,300 SH SOLE 1,108,300 BORDERS GROUP INC COM 099709107 7,232,858 542,600 SH SOLE 542,600 BURLINGTON NORTHERN SANTA FE COM 12189T104 10,146,250 125,000 SH SOLE 125,000 CITIGROUP INC COM 172967101 42,833,726 917,800 SH SOLE 917,800 COMCAST CORP-SPECIAL CL A CL A 20030N200 136,728,938 5,706,550 SH SOLE 5,706,550 CONOCOPHILLIPS COM 20825C104 72,103,055 821,500 SH SOLE 821,500 CASTLEPOINT HOLDINGS LTD COM G19522112 2,740,450 238,300 SH SOLE 238,300 CRYSTAL RIVER CAPITAL INC COM 229393301 26,203,428 1,558,800 SH SOLE 1,558,800 CISCO SYSTEMS INC COM 17275R102 95,469,374 2,883,400 SH SOLE 2,883,400 CVS CAREMARK CORP COM 126650100 91,136,041 2,299,673 SH SOLE 2,299,673 ECHOSTAR COMMUNICATIONS - A CL A 278762109 132,088,458 2,821,800 SH SOLE 2,821,800 DAVITA INC COM 23918K108 86,588,190 1,370,500 SH SOLE 1,370,500 DEVON ENERGY CORPORATION COM 25179M103 12,105,600 145,500 SH SOLE 145,500 EMC CORP/MASS COM 268648102 91,407,680 4,394,600 SH SOLE 4,394,600 EXPRESS SCRIPTS INC COM 302182100 5,191,260 93,000 SH SOLE 93,000 FEDEX CORP COM 31428X106 63,017,600 601,600 SH SOLE 601,600 GIVEN IMAGING LTD COM M52020100 30,324,288 1,101,900 SH SOLE 1,101,900 CORNING INC COM 219350105 137,071,255 5,560,700 SH SOLE 5,560,700 HALLIBURTON CO COM 406216101 64,588,800 1,682,000 SH SOLE 1,682,000

Title Of Market Shares/Prn Sh/ Put/ Investment Other Voting Authority Name of Issuer Class CUSIP value amount Prn Call Discretion Managers Sole Shared None --------------------------- ----- ----- ----------- --------- --- ---- ---------- -------- ---- ------ ---- HOME DEPOT INC COM 437076102 28,321,742 873,050 SH SOLE 873,050 HILLTOP HOLDINGS INC COM 432748101 4,710,969 401,275 SH SOLE 401,275 INGERSOLL-RAND CO LTD-CL A CL A G4776G101 18,568,823 340,900 SH SOLE 340,900 JAMBA INC COM 47023A101 15,178,473 2,159,100 SH SOLE 2,159,100 JOY GLOBAL INC COM 481165108 20,583,042 404,700 SH SOLE 404,700 KKR FINANCIAL HOLDINGS LLC COM 48248A306 37,634,408 2,233,496 SH SOLE 2,233,496 KRAFT FOODS INC-A CL A 50075N104 38,492,454 1,115,400 SH SOLE 1,115,400 LIGAND PHARMACEUTICALS-CL B CL B 53220K207 16,977,462 3,179,300 SH SOLE 3,179,300 LSI CORP COM 502161102 145,017,964 9,544,200 SH SOLE 19,544,200 LIMITED BRANDS INC COM 532716107 6,867,000 300,000 SH SOLE 300,000 LOEWS CORP COM 540424108 90,163,080 1,864,800 SH SOLE 1,864,800 MACY'S INC COM 55616P104 56,178,624 1,738,200 SH SOLE 1,738,200 MIRANT CORP COM 60467R100 267,462,050 6,574,780 SH SOLE 6,574,780 3M CO COM 88579Y101 112,071,408 1,197,600 SH SOLE 1,197,600 ALTRIA GROUP INC COM 02209S103 97,161,222 1,397,400 SH SOLE 1,397,400 MERCK & CO. INC. COM 589331107 37,780,221 730,900 SH SOLE 730,900 NUCOR CORP COM 670346105 44,525,189 748,700 SH SOLE 748,700 NEWS CORP-CL A CL A 65248E104 149,795,880 6,812,000 SH SOLE 6,812,000 ORACLE CORP COM 68389X105 54,257,065 2,506,100 SH SOLE 2,506,100 PHARMERICA CORP COM 71714F104 19,396 1,300 SH SOLE 1,300 QUALCOMM INC COM 747525103 32,117,600 760,000 SH SOLE 760,000 RAIT FINANCIAL TRUST COM 749227104 31,542,207 3,832,589 SH SOLE 3,832,589 RESOURCE AMERICA INC-CL A CL A 761195205 18,982,738 1,202,200 SH SOLE 1,202,200 TRANSOCEAN INC COM G90078109 307,778,625 2,722,500 SH SOLE 2,722,500 RESEARCH IN MOTION COM 760975102 96,618,420 980,400 SH SOLE 980,400 ROCKWELL AUTOMATION INC COM 773903109 25,760,406 370,600 SH SOLE 370,600 RESOURCE CAPITAL CORP COM 76120W302 34,769,011 3,087,834 SH SOLE 3,087,834 SERVICE CORP INTERNATIONAL COM 817565104 70,169,550 5,439,500 SH SOLE 5,439,500 SHIRE PLC-ADR ADR 82481R106 91,069,380 1,231,000 SH SOLE 1,231,000 SUPERVALU INC COM 868536103 4,622,685 118,500 SH SOLE 118,500 TRANSALTA CORP COM 89346D107 4,507,200 144,000 SH SOLE 144,000 CARROLS RESTAURANT GROUP INC COM 14574X104 6,553,120 585,100 SH SOLE 585,100 TEVA PHARMACEUTICAL-SP ADR ADR 881624209 45,870,805 1,031,500 SH SOLE 1,031,500 TITANIUM METALS CORP COM 888339207 20,629,332 614,700 SH SOLE 614,700

Title Of Market Shares/Prn Sh/ Put/ Investment Other Voting Authority Name of Issuer Class CUSIP value amount Prn Call Discretion Managers Sole Shared None ------------------------- ----- ----- ----------- --------- --- ---- ---------- -------- ---- ------ ---- TRIDENT MICROSYSTEMS INC COM 895919108 15,797,838 994,200 SH SOLE 994,200 DOMTAR CORP COM 257559104 16,778,840 2,046,200 SH SOLE 2,046,200 UNITEDHEALTH GROUP INC COM 91324P102 74,301,306 1,534,200 SH SOLE 1,534,200 UNITRIN INC COM 913275103 4,874,697 98,300 SH SOLE 98,300 VALERO ENERGY CORP COM 91913Y100 87,669,900 1,305,000 SH SOLE 1,305,000 VICTORY ACQUISITION CORP COM 92644D100 13,950,000 1,500,000 SH SOLE 1,500,000 VICTORY ACQUISITION-CW11 COM 92644D118 2,025,000 1,500,000 SH SOLE 1,500,000 WELLPOINT INC COM 94973V107 136,626,304 1,731,200 SH SOLE 1,731,200 WILLIAMS COS INC COM 969457100 138,419,840 4,064,000 SH SOLE 4,064,000 WYNDHAM WORLDWIDE CORP COM 98310W108 31,788,437 970,343 SH SOLE 970,343 Total: 4,414,106,968 -------------