13F-HR 1 omega13fhr080111.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Report for the Calendar Year or Quarter Ended: June 30, 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 August 10, 2011 -------------------- ------------------- ---------------- [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: 70 Form 13F Information Table Value Total: $ 4,395,679 (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 38,966 116,084 SH SOLE 116,084 ACE LTD SHS H0023R105 57,039 866,593 SH SOLE 866,593 AON CORP COM 037389103 41,979 818,311 SH SOLE 818,311 ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 185,869 5,639,218 SH SOLE 5,639,218 ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 72,345 1,965,900 SH SOLE 1,965,900 ATLAS ENERGY LP COM UNITS LP 04930A104 83,303 3,833,548 SH SOLE 3,833,548 BEST BUY CO INC COM 086516101 11,921 379,537 SH SOLE 379,537 BROADRIDGE FINANCIAL SOLUTIO COM 11133T103 92,516 3,843,614 SH SOLE 3,843,614 BOSTON SCIENTIFIC CORP COM 101137107 62,101 8,987,100 SH SOLE 8,987,100 BLACKSTONE GROUP LP/THE COM UNIT LTD 09253U108 33,363 2,014,700 SH SOLE 2,014,700 CEPHALON INC COM 156708109 58,647 734,000 SH SOLE 734,000 CHARMING SHOPPES COM 161133103 28,534 6,859,039 SH SOLE 6,859,039 CASUAL MALE RETAIL GROUP INC COM NEW 148711302 641 154,472 SH SOLE 154,472 CENTER BANCORP INC COM 151408101 5,690 545,000 SH SOLE 545,000 CITRIX SYSTEMS INC COM 177376100 86,696 1,083,699 SH SOLE 1,083,699 CABLEVISION SYSTEMS-NY GRP-A CL A NY CABLVS 12686C109 79,500 2,195,531 SH SOLE 2,195,531 CVS CAREMARK CORP COM 126650100 92,133 2,451,655 SH SOLE 2,451,655 CHINA YUCHAI INTL LTD COM G21082105 8,520 403,800 SH SOLE 403,800 DISCOVERY COMMUNICATIONS-C COM SER C 25470F302 111,539 3,051,691 SH SOLE 3,051,691 DISH NETWORK CORP-A CL A 25470M109 73,777 2,405,500 SH SOLE 2,405,500 DENBURY RESOURCES INC COM NEW 247916208 82,159 4,107,927 SH SOLE 4,107,927 DST SYSTEMS INC COM 233326107 5,797 109,800 SH SOLE 109,800 EBAY INC COM 278642103 65,024 2,015,000 SH SOLE 2,015,000 EL PASO CORP COM 28336L109 83,878 4,152,400 SH SOLE 4,152,400 E*TRADE FINANCIAL CORP COM NEW 269246401 103,282 7,484,232 SH SOLE 7,484,232 ENERGY XXI BERMUDA USD UNRS SHS G10082140 122,238 3,679,638 SH SOLE 3,679,638 FORD MOTOR CO COM PAR $0.01 345370860 58,433 4,237,369 SH SOLE 4,237,369 1-800-FLOWERS.COM INC-CL A CL A 68243Q106 762 245,754 SH SOLE 245,754 GIVEN IMAGING LTD ORD SHS M52020100 55,285 2,716,728 SH SOLE 2,716,728 SPDR GOLD TRUST GOLD SHS 78463V107 91,223 624,900 SH SOLE 624,900 GENERAL MOTORS CO COM 37045V100 118,308 3,896,837 SH SOLE 3,896,837 HASBRO INC COM 418056107 27,456 625,000 SH SOLE 625,000 INTL BUSINESS MACHINES CORP COM 459200101 17,601 102,600 SH SOLE 102,600 INTL GAME TECHNOLOGY COM 459200101 27,530 1,566,000 SH SOLE 1,566,000 JABIL CIRCUIT INC COM 466313103 60,330 2,986,644 SH SOLE 2,986,644 JPMORGAN CHASE & CO COM 46625H100 77,105 1,883,364 SH SOLE 1,883,364 KKR FINANCIAL HOLDINGS LLC COM 48248A306 151,377 15,430,867 SH SOLE 15,430,867 KKR & CO LP COM UNITS 48248M102 54,241 3,323,587 SH SOLE 3,323,587 LINN ENERGY LLC-UNITS UNIT LTD LIAB 536020100 158,976 4,069,000 SH SOLE 4,069,000 LUMBER LIQUIDATORS HOLDINGS COM 55003T107 16,789 661,000 SH SOLE 661,000 LINCOLN NATIONAL CORP COM 534187109 59,288 2,081,016 SH SOLE 2,081,016 LORAL SPACE & COMMUNICATIONS COM 543881106 3,710 53,400 SH SOLE 53,400 LOWE'S COS INC COM 548661107 30,019 1,287,837 SH SOLE 1,287,837 METLIFE INC COM 59156R108 56,631 1,290,885 SH SOLE 1,290,885

------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------------------------ 3M CO COM 88579Y101 95,296 1,004,700 SH SOLE 1,004,700 MCMORAN EXPLORATION CO COM 582411104 601 32,500 SH SOLE 32,500 MGIC INVESTMENT CORP COM 552848103 31,874 5,357,000 SH SOLE 5,357,000 NEWELL RUBBERMAID INC COM 651229106 1,681 106,540 SH SOLE 106,540 OFFICE DEPOT INC COM 676220106 5,916 1,401,944 SH SOLE 1,401,944 PNC FINANCIAL SERVICES GROUP COM 693475105 25,974 435,724 SH SOLE 435,724 REGAL ENTERTAINMENT GROUP-A CL A 758766109 37,996 3,076,625 SH SOLE 3,076,625 TRANSOCEAN LTD REG SHS H8817H100 72,252 1,119,145 SH SOLE 1,119,145 SANDRIDGE MISSISSIPPIAN TRUS UNIT BEN INT ADDED 80007T101 7,935 300,000 SH SOLE 300,000 SLM CORP COM 78442P106 301,788 17,952,900 SH SOLE 17,952,900 SONIC CORP COM 835451105 1,565 147,210 SH SOLE 147,210 SUNOCO INC COM 86764P109 124,088 2,975,012 SH SOLE 2,975,012 THL CREDIT INC COM 872438106 17,194 1,322,607 SH SOLE 1,322,607 TEEKAY CORP COM Y8564W103 44,106 1,428,300 SH SOLE 1,428,300 TIME WARNER INC COM NEW 887317303 88,794 2,441,399 SH SOLE 2,441,399 UNITED CONTINENTAL HOLDINGS COM 910047109 83,186 3,675,936 SH SOLE 3,675,936 DOMTAR CORP COM NEW 257559203 57,794 610,153 SH SOLE 610,153 UNITEDHEALTH GROUP INC COM 91324P102 57,535 1,115,448 SH SOLE 1,115,448 VALASSIS COMMUNICATIONS INC COM 918866104 41,215 1,360,236 SH SOLE 1,360,236 WENDY'S CO/THE COM 950587105 15,500 3,057,194 SH SOLE 3,057,194 WELLPOINT INC COM 94973V107 118,274 1,501,507 SH SOLE 1,501,507 WILLIAMS COS INC COM 969457100 83,085 2,746,608 SH SOLE 2,746,608 WAL-MART STORES INC COM 931142103 31,102 585,284 SH SOLE 585,284 XL GROUP PLC SHS G98290102 100,205 4,558,937 SH SOLE 4,558,937 TEVA PHARMACEUTICAL-SP ADR ADR 881624209 162,137 3,362,444 SH SOLE 3,362,444 VODAFONE GROUP PLC-SP ADR SPONS ADR NEW 92857W209 36,065 1,349,756 SH SOLE 1,349,756 4,395,679