13F-HR 1 omega13fhr050712.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Report for the Calendar Year or Quarter Ended: March 31, 2012 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 May 14, 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: 72 Form 13F Information Table Value Total: $5,008,464 (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 ($1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ APPLE INC COM 037833100 175,647 293,004 SH SOLE 293,004 ACE LTD SHS H0023R105 51,481 703,293 SH SOLE 703,293 AMERICAN INTERNATIONAL GROUP COM NEW 026874784 45,166 1,465,000 SH SOLE 1,465,000 ANADARKO PETROLEUM CORP COM 032511107 67,427 860,700 SH SOLE 860,700 ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 189,740 5,362,918 SH SOLE 5,362,918 ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 10,789 387,102 SH SOLE 387,102 ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 29,807 1,150,000 SH SOLE 1,150,000 ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 108,697 1,792,500 SH SOLE 1,792,500 ATLAS ENERGY LP COM UNITS LP 04930A104 125,118 3,791,447 SH SOLE 3,791,447 BANK OF AMERICA CORP COM 060505104 61,950 6,473,400 SH SOLE 6,473,400 BROADRIDGE FINANCIAL SOLUTIO COM 11133T103 82,514 3,451,014 SH SOLE 3,451,014 BOSTON SCIENTIFIC CORP COM 101137107 102,632 17,162,600 SH SOLE 17,162,600 BLACKSTONE GROUP LP/THE COM UNIT LTD 09253U108 44,606 2,798,400 SH SOLE 2,798,400 CITIGROUP INC COM NEW 172967424 65,512 1,792,400 SH SOLE 1,792,400 CROWN HOLDINGS INC COM 228368106 4,972 135,000 SH SOLE 135,000 CHARMING SHOPPES COM 161133103 75,572 12,808,764 SH SOLE 12,808,764 CENTER BANCORP INC COM 151408101 5,466 545,000 SH SOLE 545,000 CAPITAL ONE FINANCIAL CORP COM 14040H105 9,755 175,000 SH SOLE 175,000 CITRIX SYSTEMS INC COM 177376100 115,114 1,458,799 SH SOLE 1,458,799 CVS CAREMARK CORP COM 126650100 84,683 1,890,255 SH SOLE 1,890,255 DISH NETWORK CORP-A CL A 25470M109 78,775 2,392,200 SH SOLE 2,392,200 DENBURY RESOURCES INC COM NEW 247916208 67,946 3,727,127 SH SOLE 3,727,127 EL PASO CORP COM 28336L109 163,116 5,520,000 SH SOLE 5,520,000 E*TRADE FINANCIAL CORP COM NEW 269246401 87,169 7,960,609 SH SOLE 7,960,609 ENERGY XXI BERMUDA USD UNRS SHS G10082140 122,642 3,396,343 SH SOLE 3,396,343 FORD MOTOR CO COM PAR $0.01 345370860 12,490 1,000,000 SH SOLE 1,000,000 FAMILY DOLLAR STORES COM 307000109 15,187 240,000 SH SOLE 240,000 GANNETT CO COM 364730101 23,234 1,515,600 SH SOLE 1,515,600 GIVEN IMAGING LTD ORD M52020100 44,415 2,371,337 SH SOLE 2,371,337 SPDR GOLD TRUST GOLD SHS 78463V107 84,167 519,100 SH SOLE 519,100 GOOGLE INC-CL A CL A 38259P508 70,440 109,850 SH SOLE 109,850 HALLIBURTON CO COM 406216101 61,836 1,863,100 SH SOLE 1,863,100 HOME LOAN SERVICING SOLUTION ORD SHS G6648D109 6,549 469,817 SH SOLE 469,817 JPMORGAN CHASE & CO COM 46625H100 102,115 2,220,864 SH SOLE 2,220,864 KKR FINANCIAL HOLDINGS LLC COM 48248A306 142,118 15,430,867 SH SOLE 15,430,867 KKR & CO LP COM UNITS 48248M102 82,719 5,577,787 SH SOLE 5,577,787 KINDER MORGAN INC COM 49456B101 42,890 1,109,700 SH SOLE 1,109,700 LINN ENERGY LLC-UNITS UNIT LTD LIAB 536020100 185,188 4,854,200 SH SOLE 4,854,200 LINCOLN NATIONAL CORP COM 534187109 86,076 3,265,416 SH SOLE 3,265,416

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 ($1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ LORAL SPACE & COMMUNICATIONS COM 543881106 41,058 515,800 SH SOLE 515,800 LAM RESEARCH CORP COM 512807108 6,608 148,100 SH SOLE 148,100 METLIFE INC COM 59156R108 78,894 2,112,285 SH SOLE 2,112,285 MCGRAW-HILL COMPANIES INC COM 580645109 123,855 2,555,300 SH SOLE 2,555,300 MCMORAN EXPLORATION CO COM 582411104 32,451 3,032,800 SH SOLE 3,032,800 MOTOROLA SOLUTIONS INC COM NEW 620076307 22,823 449,000 SH SOLE 449,000 NYSE EURONEXT COM 629491101 69,524 2,316,700 SH SOLE 2,316,700 OCWEN FINANCIAL CORP COM NEW 675746309 74,328 4,755,440 SH SOLE 4,755,440 PVH CORP COM 693656100 31,471 352,300 SH SOLE 352,300 QUALCOMM INC COM 747525103 126,476 1,859,400 SH SOLE 1,859,400 REGAL ENTERTAINMENT GROUP-A CL A 758766109 25,829 1,899,225 SH SOLE 1,899,225 TRANSOCEAN LTD REG SHS H8817H100 154,432 2,823,245 SH SOLE 2,823,245 RANGE RESOURCES CORP COM 75281A109 33,820 581,700 SH SOLE 581,700 SPRINT NEXTEL CORP COM SER 1 852061100 91,486 32,100,400 SH SOLE 32,100,400 SIRIUS XM RADIO INC COM 82967N108 9,332 4,040,000 SH SOLE 4,040,000 SLM CORP COM 78442P106 269,610 17,107,224 SH SOLE 17,107,224 SPDR S&P 500 ETF TRUST TR UNIT 78462F103 17,970 127,700 SH SOLE 127,700 SEAGATE TECHNOLOGY SHS G7945M107 27,058 1,004,000 SH SOLE 1,004,000 SUNOCO INC COM 86764P109 67,224 1,762,100 SH SOLE 1,762,100 SUNCOKE ENERGY INC COM 86722A103 5,121 360,414 SH SOLE 360,414 THL CREDIT INC COM 872438106 17,009 1,322,607 SH SOLE 1,322,607 UNITED CONTINENTAL HOLDINGS COM 910047109 65,765 3,058,836 SH SOLE 3,058,836 DOMTAR CORP COM NEW 257559203 19,076 200,000 SH SOLE 200,000 UNITEDHEALTH GROUP INC COM 91324P102 133,873 2,271,348 SH SOLE 2,271,348 VALIDUS HOLDINGS LTD COM SHS G9319H102 11,798 381,200 SH SOLE 381,200 VERISIGN INC COM 92343E102 32,658 851,800 SH SOLE 851,800 WELLS FARGO & CO COM 949746101 52,535 1,538,800 SH SOLE 1,538,800 WELLPOINT INC COM 94973V107 154,110 2,088,207 SH SOLE 2,088,207 WILLIAMS COS INC COM 969457100 99,366 3,225,108 SH SOLE 3,225,108 WPX ENERGY INC COM 98212B103 18,161 1,008,364 SH SOLE 1,008,364 WESTERN UNION CO COM 959802109 25,949 1,474,353 SH SOLE 1,474,353 XL GROUP PLC SHS G98290102 110,848 5,110,537 SH SOLE 5,110,537 VODAFONE GROUP PLC-SP ADR SPONS ADR NEW 92857W209 22,226 803,256 SH SOLE 803,256 5,008,464