13F-HR 1 form13fhr.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: March 31, 2006 ---------------------------- 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 05/15/06 ------------------------ ------------------------------ ---------- 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: 115 ------------- Form 13F Information Table Value Total: $3,736,964 ------------- (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 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------- -------------- --------- --------- --------------------- ---------- -------- -------------------- 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 --------------------------------- -------------- --------- --------- ----------- ---- ---- ---------- -------- -------- ------ ---- ACCENTURE LTD BERMUDA CL A G1150G111 12,028 400,000 SH SOLE 400,000 ----------------------------------------------------------------------------------------------------------------------------------- ALLIANCE DATA SYSTEMS CORP COM 018581108 52,457 1,121,600 SH SOLE 1,121,600 ----------------------------------------------------------------------------------------------------------------------------------- AES CORP COM 00130H105 717 42,000 SH SOLE 42,000 ----------------------------------------------------------------------------------------------------------------------------------- AGERE SYS INC COM 00845V308 65,062 4,325,900 SH SOLE 4,325,900 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN INTL GROUP INC COM 026874107 107,623 1,628,437 SH SOLE 1,628,437 ----------------------------------------------------------------------------------------------------------------------------------- AUTOLIV INC COM 052800109 136,109 2,405,600 SH SOLE 2,405,600 ----------------------------------------------------------------------------------------------------------------------------------- AFFILIATED MANAGERS GROUP COM 008252108 6,951 65,200 SH SOLE 65,200 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN TOWER CORP CL A 029912201 15,757 519,700 SH SOLE 519,700 ----------------------------------------------------------------------------------------------------------------------------------- ABERCROMBIE & FITCH CO CL A 002896207 17,490 300,000 SH SOLE 300,000 ----------------------------------------------------------------------------------------------------------------------------------- AFFORDABLE RESIDENTIAL CMTYS COM 008273104 5,906 562,500 SH SOLE 562,500 ----------------------------------------------------------------------------------------------------------------------------------- ATLAS AMER INC COM 049167109 40,962 856,772 SH SOLE 856,772 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN EXPRESS CO COM 025816109 478 9,100 SH SOLE 9,100 ----------------------------------------------------------------------------------------------------------------------------------- AXIS CAPITAL HOLDINGS SHS G0692U109 31,123 1,040,900 SH SOLE 1,040,900 ----------------------------------------------------------------------------------------------------------------------------------- AUTOZONE INC COM 053332102 8,633 86,600 SH SOLE 86,600 ----------------------------------------------------------------------------------------------------------------------------------- BANK OF AMERICA CORPORATION COM 060505104 86,968 1,909,702 SH SOLE 1,909,702 ----------------------------------------------------------------------------------------------------------------------------------- BED BATH & BEYOND INC COM 075896100 46,771 1,218,000 SH SOLE 1,218,000 ----------------------------------------------------------------------------------------------------------------------------------- BEST BUY INC COM 086516101 4,754 85,000 SH SOLE 85,000 ----------------------------------------------------------------------------------------------------------------------------------- BIG LOTS INC COM 089302103 1,396 100,000 SH SOLE 100,000 ----------------------------------------------------------------------------------------------------------------------------------- BARR PHARMACEUTICALS INC COM 068306109 12,596 200,000 SH SOLE 200,000 ----------------------------------------------------------------------------------------------------------------------------------- PEABODY ENERGY CORP COM 704549104 5,011 99,400 SH SOLE 99,400 ----------------------------------------------------------------------------------------------------------------------------------- BOYD GAMING CORP COM 103304101 9,938 199,000 SH SOLE 199,000 ----------------------------------------------------------------------------------------------------------------------------------- CITIGROUP INC COM 172967101 14,473 306,433 SH SOLE 306,433 ----------------------------------------------------------------------------------------------------------------------------------- CARDINAL HEALTH INC COM 14149Y108 25,285 339,300 SH SOLE 339,300 ----------------------------------------------------------------------------------------------------------------------------------- CHICAGO BRIDGE & IRON NY REG SH 167250109 8,520 355,000 SH SOLE 355,000 ----------------------------------------------------------------------------------------------------------------------------------- CBS CORP CL B 124857202 54,068 2,254,700 SH SOLE 2,254,700 ----------------------------------------------------------------------------------------------------------------------------------- CAMECO CORP COM 13321L108 48,254 1,340,400 SH SOLE 1,340,400 ----------------------------------------------------------------------------------------------------------------------------------- CENDANT CORP COM 151313103 1,822 105,015 SH SOLE 105,015 ----------------------------------------------------------------------------------------------------------------------------------- COMCAST CORP NEW CL A SPL 20030N200 54,387 2,082,200 SH SOLE 2,082,200 ----------------------------------------------------------------------------------------------------------------------------------- CONSECO INC COM NEW 208464883 47,811 1,926,300 SH SOLE 1,926,300 ----------------------------------------------------------------------------------------------------------------------------------- CONSOL ENERGY INC COM 20854P109 61,434 828,400 SH SOLE 828,400 ----------------------------------------------------------------------------------------------------------------------------------- CSX GAS CORP COM 12618H109 19,479 749,200 SH SOLE 749,200 ----------------------------------------------------------------------------------------------------------------------------------- DEUTSCHE BANK AG NAMEN ORD D18190898 9,139 80,000 SH SOLE 80,000 ----------------------------------------------------------------------------------------------------------------------------------- DEERE & CO COM 244199105 83,311 1,053,900 SH SOLE 1,053,900 ----------------------------------------------------------------------------------------------------------------------------------- DOLLAR GEN CORP COM 256669102 15,020 850,000 SH SOLE 850,000 ----------------------------------------------------------------------------------------------------------------------------------- ECHOSTAR COMMUNICATIONS NEW CL A 278762109 87,182 2,918,700 SH SOLE 2,918,700 ----------------------------------------------------------------------------------------------------------------------------------- DELUXE CORP COM 248019101 1,309 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- DOW CHEM CO COM 260543103 60,770 1,496,800 SH SOLE 1,496,800 ----------------------------------------------------------------------------------------------------------------------------------- AMDOCS LTD ORD G02602103 10,760 298,400 SH SOLE 298,400 ----------------------------------------------------------------------------------------------------------------------------------- DST SYSTEMS INC COM 233326107 9,647 166,500 SH SOLE 166,500 ----------------------------------------------------------------------------------------------------------------------------------- DAVITA INC COM 23918K108 2,222 36,900 SH SOLE 36,900 ----------------------------------------------------------------------------------------------------------------------------------- ENCANA CORP COM 292505104 11,683 250,000 SH SOLE 250,000 ----------------------------------------------------------------------------------------------------------------------------------- ELECTRONIC DATA SYS CORP COM 245661104 13,139 489,700 SH SOLE 489,700 ----------------------------------------------------------------------------------------------------------------------------------- EMBRAER-EMPRESA BRASILEIRA D SP ADR PFD SHS 29081M102 3,059 83,000 SH SOLE 83,000 ----------------------------------------------------------------------------------------------------------------------------------- E TRADE FINANCIAL CORP COM 269246104 21,641 802,100 SH SOLE 802,100 ----------------------------------------------------------------------------------------------------------------------------------- CORPORATE EXECUTIVE BRD CO COM 21988R102 15,882 157,400 SH SOLE 157,400 ----------------------------------------------------------------------------------------------------------------------------------- ADVANCED MEDICAL OPTICS INC COM 00763M108 50,329 1,079,100 SH SOLE 1,079,100 ----------------------------------------------------------------------------------------------------------------------------------- EUROZINC MNG CORP COM 298804105 1,183 681,000 SH SOLE 681,000 ----------------------------------------------------------------------------------------------------------------------------------- FEDERATED DEPT STORES INC DE COM 31410H101 35,266 483,100 SH SOLE 483,100 ----------------------------------------------------------------------------------------------------------------------------------- FEDERAL HOME LN MTG CORP COM 313400301 44,933 736,600 SH SOLE 736,600 ----------------------------------------------------------------------------------------------------------------------------------- FREDS INC CL A 356108100 7,293 550,000 SH SOLE 550,000 ----------------------------------------------------------------------------------------------------------------------------------- GENESCO INC COM 371532102 9,676 248,800 SH SOLE 248,800 ----------------------------------------------------------------------------------------------------------------------------------- GUIDANT CORP COM 401698105 91,923 1,177,600 SH SOLE 1,177,600 ----------------------------------------------------------------------------------------------------------------------------------- GIVEN IMAGING ORD SHS M52020100 2,876 124,500 SH SOLE 124,500 ----------------------------------------------------------------------------------------------------------------------------------- GRACE W R & CO DEL NEW COM 38388F108 3,300 248,100 SH SOLE 248,100 ----------------------------------------------------------------------------------------------------------------------------------- HALLIBURTON CO COM 406216101 31,990 438,100 SH SOLE 438,100 ----------------------------------------------------------------------------------------------------------------------------------- HOME DEPOT INC COM 437076102 21,319 504,000 SH SOLE 504,000 ----------------------------------------------------------------------------------------------------------------------------------- HILTON HOTELS CORP COM 432848109 31,435 1,234,700 SH SOLE 1,234,700 ----------------------------------------------------------------------------------------------------------------------------------- HERCULES INC COM 427056106 25,341 1,836,300 SH SOLE 1,836,300 ----------------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL BUSINESS MACHS COM 459200101 165 2,000 SH SOLE 2,000 ----------------------------------------------------------------------------------------------------------------------------------- JANUS CAP GROUP INC COM 47102X105 885 38,200 SH SOLE 38,200 ----------------------------------------------------------------------------------------------------------------------------------- KERR MCGEE CORP COM 492386107 99,048 1,037,369 SH SOLE 1,037,369 ----------------------------------------------------------------------------------------------------------------------------------- KINDRED HEALTHCARE INC COM 494580103 49,146 1,954,100 SH SOLE 1,954,100 ----------------------------------------------------------------------------------------------------------------------------------- KOHLS CORP COM 500255104 49,008 924,500 SH SOLE 924,500 ----------------------------------------------------------------------------------------------------------------------------------- MCDONALDS CORP COM 580135101 53,756 1,564,500 SH SOLE 1,564,500 ----------------------------------------------------------------------------------------------------------------------------------- MIRANT CORP COM NEW 60467R100 96,244 3,849,764 SH SOLE 3,849,764 ----------------------------------------------------------------------------------------------------------------------------------- 3M CO COM 88579Y101 34,288 453,000 SH SOLE 453,000 ----------------------------------------------------------------------------------------------------------------------------------- ALTRIA GROUP INC COM 02209S103 40,234 567,800 SH SOLE 567,800 ----------------------------------------------------------------------------------------------------------------------------------- MICROSOFT CORP COM 594918104 41,533 1,526,400 SH SOLE 1,526,400 ----------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY COM NEW 617446448 13,519 215,200 SH SOLE 215,200 ----------------------------------------------------------------------------------------------------------------------------------- NORTHSTAR REALTY FIN CORP COM 66704R100 5,116 467,200 SH SOLE 467,200 ----------------------------------------------------------------------------------------------------------------------------------- NTL INC NEW COM 62941W101 30,720 1,055,300 SH SOLE 1,055,300 ----------------------------------------------------------------------------------------------------------------------------------- NEWS CORP CL A 65248E104 89,187 5,369,500 SH SOLE 5,369,500 ----------------------------------------------------------------------------------------------------------------------------------- NEXEN INC COM 65334H102 28,775 522,800 SH SOLE 522,800 ----------------------------------------------------------------------------------------------------------------------------------- OMNICARE INC COM 681904108 40,830 742,500 SH SOLE 742,500 ----------------------------------------------------------------------------------------------------------------------------------- OFFICEMAX INC DEL COM 67622P101 3,753 124,400 SH SOLE 124,400 ----------------------------------------------------------------------------------------------------------------------------------- OSHKOSH TRUCK CORP COM 688239201 6,168 99,100 SH SOLE 99,100 ----------------------------------------------------------------------------------------------------------------------------------- PETRO-CDA COM 71644E102 26,787 565,200 SH SOLE 565,200 ----------------------------------------------------------------------------------------------------------------------------------- PHELPS DODGE CORP COM 717265102 10,066 125,000 SH SOLE 125,000 ----------------------------------------------------------------------------------------------------------------------------------- READERS DIGEST ASSN INC COM 755267101 15,523 1,052,400 SH SOLE 1,052,400 ----------------------------------------------------------------------------------------------------------------------------------- RUDDICK CORP COM 781258108 1,476 60,700 SH SOLE 60,700 ----------------------------------------------------------------------------------------------------------------------------------- RESOURCE AMERICA INC CL A 761195205 20,595 1,033,900 SH SOLE 1,033,900 ----------------------------------------------------------------------------------------------------------------------------------- TRANSOCEAN INC ORD G90078109 151,871 1,891,300 SH SOLE 1,891,300 ----------------------------------------------------------------------------------------------------------------------------------- CIA VALE DO RIO DOCE SPON ADR PFD 204412100 43,161 998,400 SH SOLE 998,400 ----------------------------------------------------------------------------------------------------------------------------------- RADIO ONE INC CL A 75040P405 12,272 1,645,000 SH SOLE 1,645,000 ----------------------------------------------------------------------------------------------------------------------------------- ROCKWELL AUTOMATION INC COM 773903109 5,343 74,300 SH SOLE 74,300 ----------------------------------------------------------------------------------------------------------------------------------- ROSS STORES INC COM 778296103 817 28,000 SH SOLE 28,000 ----------------------------------------------------------------------------------------------------------------------------------- RESOURCE CAPITAL CORP COM 76120W302 29,198 2,118,867 SH SOLE 2,118,867 ----------------------------------------------------------------------------------------------------------------------------------- RESTORATION HARDWARE INC DEL COM 760981100 2,576 452,700 SH SOLE 452,700 ----------------------------------------------------------------------------------------------------------------------------------- RETAIL VENTURES INC COM 76128Y102 7,661 522,600 SH SOLE 522,600 ----------------------------------------------------------------------------------------------------------------------------------- SERVICE CORP INTL COM 817565104 61,227 7,849,600 SH SOLE 7,849,600 ----------------------------------------------------------------------------------------------------------------------------------- SCOTTISH RE GROUP LTD ORD G7885T104 38,743 1,561,600 SH SOLE 1,561,600 ----------------------------------------------------------------------------------------------------------------------------------- SPIRIT FIN CORP COM 848568309 40,880 3,350,800 SH SOLE 3,350,800 ----------------------------------------------------------------------------------------------------------------------------------- SCIENTIFIC GAMES CORP CL A 80874P109 64,667 1,840,800 SH SOLE 1,840,800 ----------------------------------------------------------------------------------------------------------------------------------- SHIRE PLC SPONSORED ADR 82481R106 50,074 1,077,100 SH SOLE 1,077,100 ----------------------------------------------------------------------------------------------------------------------------------- TAL INTL GROUP INC COM 874083108 17,140 710,900 SH SOLE 710,900 ----------------------------------------------------------------------------------------------------------------------------------- 21ST CENTY HLDG CO COM 90136Q100 5,434 320,600 SH SOLE 320,600 ----------------------------------------------------------------------------------------------------------------------------------- TARGET CORP COM 87612E106 2,601 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- TALISMAN ENERGY INC COM 87425E103 10,828 204,000 SH SOLE 204,000 ----------------------------------------------------------------------------------------------------------------------------------- TOWER GROUP INC COM 891777104 10,062 435,600 SH SOLE 435,600 ----------------------------------------------------------------------------------------------------------------------------------- TIME WARNER INC COM 887317105 27,870 1,659,900 SH SOLE 1,659,900 ----------------------------------------------------------------------------------------------------------------------------------- TXU CORP COM 873168108 74,816 1,671,500 SH SOLE 1,671,500 ----------------------------------------------------------------------------------------------------------------------------------- TYCO INTL LTD NEW COM 902124106 157,740 5,868,291 SH SOLE 5,868,291 ----------------------------------------------------------------------------------------------------------------------------------- VIACOM INC CL B 925524308 45,792 1,180,200 SH SOLE 1,180,200 ----------------------------------------------------------------------------------------------------------------------------------- VERIZON COMMUNICATIONS COM 92343V104 22,619 664,100 SH SOLE 664,100 ----------------------------------------------------------------------------------------------------------------------------------- WEATHERFORD INTERNATIONAL LT COM G95089101 476 10,400 SH SOLE 10,400 ----------------------------------------------------------------------------------------------------------------------------------- WELLPOINT INC COM 94973V107 157,998 2,040,400 SH SOLE 2,040,400 ----------------------------------------------------------------------------------------------------------------------------------- WAL MART STORES INC COM 931142103 30,196 639,200 SH SOLE 639,200 ----------------------------------------------------------------------------------------------------------------------------------- WYETH COM 983024100 10,480 216,000 SH SOLE 216,000 ----------------------------------------------------------------------------------------------------------------------------------- UNITED STATES STL CORP NEW COM 912909108 12,094 199,300 SH SOLE 199,300 ----------------------------------------------------------------------------------------------------------------------------------- XL CAP LTD CL A G98255105 26,843 418,700 SH SOLE 418,700 ----------------------------------------------------------------------------------------------------------------------------------- XEROX CORP COM 984121103 28,979 1,906,500 SH SOLE 1,906,500 ----------------------------------------------------------------------------------------------------------------------------------- YRC WORLDWIDE INC COM 984249102 23,293 612,000 SH SOLE 612,000 ----------------------------------------------------------------------------------------------------------------------------------- BP PLC SPONSORED ADR 055622104 16,394 237,800 SH SOLE 237,800 ----------------------------------------------------------------------------------------------------------------------------------- ROYAL DUTCH PETE CO SPONS ADR A 780259206 21,791 350,000 SH SOLE 350,000 ----------------------------------------------------------------------------------------------------------------------------------- TOTAL S A SPONSORED ADR 89151E109 62,335 473,200 SH SOLE 473,200 -----------------------------------------------------------------------------------------------------------------------------------