13F-HR 1 oai13f350286.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: June 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 August 10, 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: 98 -------------- Form 13F Information Table Value Total: $5,727,196 -------------- (in thousands) List of Other Included Managers: NONE --------------

Title of Shares/Prn Sh/ Put/ Investment Other Name of issuer CUSIP class Market value amount Prn Call Discretion Managers Sole Shared None ---------------------------- --------- ----- ------------ ---------- --- ---- ---------- -------- ---- ------ ---- ALCOA INC 013817101 COM 46,013,709 1,135,300 SH SOLE 1,135,300 AETNA INC 00817Y108 COM 30,934,280 626,200 SH SOLE 626,200 ALESCO FINANCIAL INC 014485106 COM 20,766,459 2,554,300 SH SOLE 2,554,300 AMERICAN INTERNATIONAL GROUP 026874107 COM 87,656,551 1,251,700 SH SOLE 1,251,700 AUTOLIV INC 052800109 COM 65,411,874 1,150,200 SH SOLE 1,150,200 AMERICAN TOWER CORP-CL A 029912201 CL A 73,605,000 1,752,500 SH SOLE 1,752,500 AMERICA MOVIL-ADR SERIES L 02364W105 ADR 334,422 5,400 SH SOLE 5,400 ANADARKO PETROLEUM CORP 032511107 COM 50,503,086 971,400 SH SOLE 971,400 AFFORDABLE RESIDENTIAL COMMU 008273104 COM 6,362,411 538,275 SH SOLE 538,275 ATLAS AMERICA INC 049167109 COM 127,213,351 2,367,641 SH SOLE 2,367,641 BOEING CO 097023105 COM 53,291,872 554,200 SH SOLE 554,200 BANK OF AMERICA CORP 060505104 COM 99,124,622 2,027,503 SH SOLE 2,027,503 BED BATH & BEYOND INC 075896100 COM 29,357,043 815,700 SH SOLE 815,700 BEST BUY CO INC 086516101 COM 111,111,936 2,380,800 SH SOLE 2,380,800 BEARINGPOINT INC 074002106 COM 30,253,897 4,138,700 SH SOLE 4,138,700 BORDERS GROUP INC 099709107 COM 4,559,152 239,200 SH SOLE 239,200 CITIGROUP INC 172967101 COM 90,362,722 1,761,800 SH SOLE 1,761,800 CASTLEPOINT HOLDINGS LTD 148553100 COM 36,231,416 2,466,400 SH SOLE 2,466,400 LOEWS CORP - CAROLINA GROUP 540424207 COM 60,856,224 325,200 SH SOLE 325,200 CHICO'S FAS INC 168615102 COM 37,593,130 1,544,500 SH SOLE 1,544,500 COMCAST CORP-SPECIAL CL A 20030N200 CL A 160,567,290 5,742,750 SH SOLE 5,742,750 CONOCOPHILLIPS 20825C104 COM 64,534,850 822,100 SH SOLE 822,100 CRYSTAL RIVER CAPITAL INC 229393301 COM 2,444,416 1,471,500 SH SOLE 1,471,500 CISCO SYSTEMS INC 17275R102 COM 75,278,550 2,703,000 SH SOLE 2,703,000 CVS CAREMARK CORP 126650100 COM 152,935,926 4,195,773 SH SOLE 4,195,773 CNX GAS CORP 12618H309 COM 2,331,720 76,200 SH SOLE 76,200 DELTA AIR LINES INC 247361702 COM 9,488,150 481,632 SH SOLE 481,632 DEUTSCHE BANK AG-REGISTERED D18190898 ORD 34,433,646 237,900 SH SOLE 237,900 ECHOSTAR COMMUNICATIONS - A 278762109 CL A 124,970,655 2,881,500 SH SOLE 2,881,500 DOW JONES & CO INC 260561105 COM 20,164,950 351,000 SH SOLE 351,000 DAVITA INC 23918K108 COM 66,843,528 1,240,600 SH SOLE 1,240,600 DEVON ENERGY CORPORATION 25179M103 COM 14,092,200 180,000 SH SOLE 180,000 ELECTRONIC DATA SYSTEMS CORP 285661104 COM 1,502,966 54,200 SH SOLE 54,200 EMC CORP/MASS 268648102 COM 67,976,360 3,755,600 SH SOLE 3,755,600 EXPRESS SCRIPTS INC 302182100 COM 60,522,102 1,210,200 SH SOLE 1,210,200 FORD MOTOR CO 345370860 COM 14,695,200 1,560,000 SH SOLE 1,560,000 FEDEX CORP 31428X106 COM 66,415,545 598,500 SH SOLE 598,500

Title of Shares/Prn Sh/ Put/ Investment Other Name of issuer CUSIP class Market value amount Prn Call Discretion Managers Sole Shared None ---------------------------- --------- ----- ------------ ---------- --- ---- ---------- -------- ---- ------ ---- GIVEN IMAGING LTD M52020100 ORD SH 34,621,698 1,101,900 SH SOLE 1,101,900 CORNING INC 219350105 COM 138,419,680 5,417,600 SH SOLE 5,417,600 GOOGLE INC-CL A 38259P508 CL A 54,988,040 105,200 SH SOLE 105,200 HALLIBURTON CO 406216101 COM 179,130,900 5,192,200 SH SOLE 5,192,200 HOME DEPOT INC 437076102 COM 130,744,310 3,322,600 SH SOLE 3,322,600 HERCULES INC 427056106 COM 8,673,510 441,400 SH SOLE 441,400 JAMBA INC 47023A101 COM 19,734,174 2,159,100 SH SOLE 2,159,100 JANUS CAPITAL GROUP INC 47102X105 COM 1,392,000 50,000 SH SOLE 50,000 JOY GLOBAL INC 481165108 COM 12,424,290 213,000 SH SOLE 213,000 KKR FINANCIAL HOLDINGS LLC 48248A306 COM 38,570,644 1,548,400 SH SOLE 1,548,400 LIBERTY MEDIA CORP-CAP SER A 53071M302 COM 16,275,144 138,300 SH SOLE 138,300 LIGAND PHARMACEUTICALS-CL B 53220K207 CL B 21,873,584 3,179,300 SH SOLE 3,179,300 LEGG MASON INC 524901105 COM 69,790,772 709,400 SH SOLE 709,400 LSI CORP 502161102 COM 154,494,969 20,571,900 SH SOLE 20,571,900 LIMITED BRANDS INC 532716107 COM 61,089,975 2,225,500 SH SOLE 2,225,500 LOEWS CORP 540424108 COM 47,355,322 928,900 SH SOLE 928,900 MACY'S INC 55616P104 COM 63,922,482 1,606,900 SH SOLE 1,606,900 MASTERCARD INC-CLASS A 57636Q104 CL A 22,707,603 136,900 SH SOLE 136,900 MELLON FINANCIAL CORP 58551A108 COM 5,148,000 117,000 SH SOLE 117,000 MOHAWK INDUSTRIES INC 608190104 COM 4,535,550 45,000 SH SOLE 45,000 MIRANT CORP 60467R100 COM 228,530,642 5,358,280 SH SOLE 5,358,280 3M CO 88579Y101 COM 134,316,204 1,547,600 SH SOLE 1,547,600 ALTRIA GROUP INC 02209S103 COM 97,066,746 1,383,900 SH SOLE 1,383,900 NETWORK APPLIANCE INC 64120L104 COM 17,514,000 600,000 SH SOLE 600,000 NEWS CORP-CL A 65248E104 CL A 142,709,364 6,728,400 SH SOLE 6,728,400 NEXEN INC 65334H102 COM 810,890 26,200 SH SOLE 26,200 ORACLE CORP 68389X105 COM 66,897,711 3,394,100 SH SOLE 3,394,100 OSHKOSH TRUCK CORP 688239201 COM 34,914,308 554,900 SH SOLE 554,900 QUALCOMM INC 747525103 COM 144,219,682 3,323,800 SH SOLE 3,323,800 RAIT FINANCIAL TRUST 749227104 COM 63,358,414 2,434,989 SH SOLE 2,434,989 RESOURCE AMERICA INC-CL A 761195205 CL A 23,606,694 1,145,400 SH SOLE 1,145,400 TRANSOCEAN INC G90078109 COM 301,661,472 2,846,400 SH SOLE 2,846,400 RESEARCH IN MOTION 760975102 COM 72,876,356 364,400 SH SOLE 364,400 ROCKWELL AUTOMATION INC 773903109 COM 43,844,416 631,400 SH SOLE 631,400 RESOURCE CAPITAL CORP 76120W302 COM 36,177,919 2,587,834 SH SOLE 2,587,834 SEARS CANADA INC 81234D109 COM 19,495,740 719,400 SH SOLE 719,400 SERVICE CORP INTERNATIONAL 817565104 COM 68,503,356 5,360,200 SH SOLE 5,360,200 SHIRE PLC-ADR 82481R106 ADR 83,299,881 1,123,700 SH SOLE 1,123,700 SUPERVALU INC 868536103 COM 5,488,920 118,500 SH SOLE 118,500 CARROLS RESTAURANT GROUP INC 14574X104 COM 7,936,100 520,400 SH SOLE 520,400

Title of Shares/Prn Sh/ Put/ Investment Other Name of issuer CUSIP class Market value amount Prn Call Discretion Managers Sole Shared None ---------------------------- --------- ----- ------------ ---------- --- ---- ---------- -------- ---- ------ ---- TEVA PHARMACEUTICAL-SP ADR 881624209 ADR 46,018,500 1,115,600 SH SOLE 1,115,600 TEEKAY CORP Y8564W103 COM 16,319,038 281,800 SH SOLE 281,800 TRIDENT MICROSYSTEMS INC 895919108 COM 26,974,500 1,470,000 SH SOLE 1,470,000 TRAVELERS COS INC/THE 89417E109 COM 20,051,800 374,800 SH SOLE 374,800 TYCO INTERNATIONAL LTD 902124106 COM 124,806,440 3,693,591 SH SOLE 3,693,591 DOMTAR CORP 257559104 COM 8,160,192 731,200 SH SOLE 731,200 UNITED INDUSTRIAL CORP 910671106 COM 5,998,000 100,000 SH SOLE 100,000 UNITEDHEALTH GROUP INC 91324P102 COM 119,616,460 2,339,000 SH SOLE 2,339,000 UNITRIN INC 913275103 COM 2,409,820 49,000 SH SOLE 49,000 VIACOM INC-CLASS B 92553P201 CL B 1,735,971 41,700 SH SOLE 41,700 VALERO ENERGY CORP 91913Y100 COM 31,021,200 420,000 SH SOLE 420,000 VICTORY ACQUISITION CORP 92644D100 COM 14,145,000 1,500,000 SH SOLE 1,500,000 VICTORY ACQUISITION-CW11 92644D118 COM 2,550,000 1,500,000 SH SOLE 1,500,000 WACHOVIA CORP 929903102 COM 17,184,125 335,300 SH SOLE 335,300 WELLPOINT INC 94973V107 COM 144,859,518 1,814,600 SH SOLE 1,814,600 WILLIAMS COS INC 969457100 COM 127,378,008 4,028,400 SH SOLE 4,028,400 WAL-MART STORES INC 931142103 COM 55,696,947 1,157,700 SH SOLE 1,157,700 WYETH 983024100 COM 53,974,142 941,300 SH SOLE 941,300 WYNDHAM WORLDWIDE CORP 98310W108 COM 50,279,675 1,386,643 SH SOLE 1,386,643 UNITED STATES STEEL CORP 912909108 COM 23,479,125 215,900 SH SOLE 215,900 NOKIA CORP-SPON ADR 654902204 ADR 154,675,275 5,502,500 SH SOLE 5,502,500 Total: 5,727,196,409 -------------