13F-HR 1 oai13fhr021208.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: December 31, 2007 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 Cooperman New York, New York February 12, 2008 ------------------------- -------------------------- -------------------- [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: 79 -------------- Form 13F Information Table Value Total: $4,528,306 -------------- (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 52,167,815 1,427,300 SH SOLE 1,427,300 AES CORP COM 00130H105 93,168,423 4,355,700 SH SOLE 4,355,700 ALESCO FINANCIAL INC COM 014485106 7,822,662 2,384,958 SH SOLE 2,384,958 ATLAS PIPELINE HOLDINGS LP COM 04939R108 15,138,901 555,556 SH SOLE 555,556 AMERICAN INTERNATIONAL GROUP COM 026874107 52,674,050 903,500 SH SOLE 903,500 AMERICAN TOWER CORP-CL A CL-A 029912201 54,625,980 1,282,300 SH SOLE 1,282,300 APACHE CORP COM 037411105 27,960,400 260,000 SH SOLE 260,000 ANADARKO PETROLEUM CORP COM 032511107 102,857,402 1,565,800 SH SOLE 1,565,800 ATLAS PIPELINE PARTNERS LP COM 049392103 93,748,001 2,187,818 SH SOLE 2,187,818 ATLAS AMERICA INC COM 049167109 141,774,034 2,395,641 SH SOLE 2,395,641 ATLAS ENERGY RESOURCES LLC COM 049303100 16,878,761 542,900 SH SOLE 542,900 BOEING CO COM 097023105 101,514,822 1,160,700 SH SOLE 1,160,700 BEST BUY CO INC COM 086516101 63,301,095 1,202,300 SH SOLE 1,202,300 BURLINGTON NORTHERN SANTA FE COM 12189T104 10,403,750 125,000 SH SOLE 125,000 COMCAST CORP-SPECIAL CL A CL-A 20030N200 37,147,812 2,050,100 SH SOLE 2,050,100 CONOCOPHILLIPS COM 20825C104 72,979,950 826,500 SH SOLE 826,500 CASTLEPOINT HOLDINGS LTD COM G19522112 2,979,600 248,300 SH SOLE 248,300 CRYSTAL RIVER CAPITAL INC COM 229393301 27,154,420 1,880,500 SH SOLE 1,880,500 CISCO SYSTEMS INC COM 17275R102 81,063,822 2,994,600 SH SOLE 2,994,600 CVS CAREMARK CORP COM 126650100 63,674,452 1,601,873 SH SOLE 1,601,873 DISH NETWORK CORP-A CL-A 25470M109 100,648,276 2,668,300 SH SOLE 2,668,300 DAVITA INC COM 23918K108 76,230,280 1,352,800 SH SOLE 1,352,800 DEVON ENERGY CORPORATION COM 25179M103 12,936,405 145,500 SH SOLE 145,500 EMC CORP/MASS COM 268648102 59,199,644 3,194,800 SH SOLE 3,194,800 ENTERPRISE GP HOLDINGS LP COM 293716106 44,722,011 1,208,050 SH SOLE 1,208,050 EXPRESS SCRIPTS INC COM 302182100 6,789,000 93,000 SH SOLE 93,000 FEDEX CORP COM 31428X106 14,659,548 164,400 SH SOLE 164,400 FEDERAL MOGUL CORP CL A CL-A 313549404 18,932,717 641,787 SH SOLE 641,787 GIVEN IMAGING LTD COM M52020100 26,216,700 1,127,600 SH SOLE 1,127,600 CORNING INC COM 219350105 128,317,712 5,348,800 SH SOLE 5,348,800 HALLIBURTON CO COM 406216101 74,110,259 1,954,900 SH SOLE 1,954,900

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 --------------------------- ----- ----- ------- ---------- --- ---- ---------- -------- ---- ------ ---- HILLTOP HOLDINGS INC COM 432748101 3,216,759 294,575 SH SOLE 294,575 INGERSOLL-RAND CO LTD-CL A CL-A 15,344,394 330,200 SH SOLE 330,200 JAMBA INC COM 47023A101 6,228,210 1,683,300 SH SOLE 1,683,300 KKR FINANCIAL HOLDINGS LLC COM 48248A306 44,069,174 3,136,596 SH SOLE 3,136,596 LIGAND PHARMACEUTICALS-CL B CL-B 53220K207 13,797,378 2,856,600 SH SOLE 2,856,600 LINN ENERGY LLC-UNITS COM 536020100 85,347,294 3,409,800 SH SOLE 3,409,800 LSI CORP COM 502161102 90,543,996 17,051,600 SH SOLE 17,051,600 LOEWS CORP COM 540424108 122,895,042 2,441,300 SH SOLE 2,441,300 MACY'S INC COM 55616P104 48,177,701 1,862,300 SH SOLE 1,862,300 MIRANT CORP COM 60467R100 232,117,324 5,954,780 SH SOLE 5,954,780 3M CO COM 88579Y101 131,269,376 1,556,800 SH SOLE 1,556,800 ALTRIA GROUP INC COM 02209S103 81,958,952 1,084,400 SH SOLE 1,084,400 MAGUIRE PROPERTIES INC COM 559775101 40,253,073 1,365,900 SH SOLE 1,365,900 NRDC ACQUISITION CORP COM 62941R102 9,170,000 1,000,000 SH SOLE 1,000,000 NRDC ACQUISITION CORP-CW11 COM 62941R110 840,100 1,000,000 SH SOLE 1,000,000 NORTEL NETWORKS CORP COM 656568508 24,880,392 1,648,800 SH SOLE 1,648,800 NUCOR CORP COM 670346105 71,567,370 1,208,500 SH SOLE 1,208,500 NEWS CORP-CL A CL-A 65248E104 110,740,254 5,404,600 SH SOLE 5,404,600 ORACLE CORP COM 68389X105 87,827,168 3,889,600 SH SOLE 3,889,600 METROPCS COMMUNICATIONS INC COM 591708102 14,237,400 732,000 SH SOLE 732,000 PHILIPS ELECTRONICS-NY SHR COM 500472303 133,598,025 3,125,100 SH SOLE 3,125,100 POTASH CORP OF SASKATCHEWAN COM 73755L107 5,758,400 40,000 SH SOLE 40,000 RAIT FINANCIAL TRUST COM 749227104 30,638,609 3,554,363 SH SOLE 3,554,363 RESOURCE AMERICA INC-CL A CL-A 761195205 17,904,735 1,220,500 SH SOLE 1,220,500 TRANSOCEAN INC COM G90073100 275,165,364 1,922,217 SH SOLE 1,922,217 RESEARCH IN MOTION COM 760975102 130,523,400 1,151,000 SH SOLE 1,151,000 ROCKWELL AUTOMATION INC COM 773903109 20,384,576 295,600 SH SOLE 295,600 RESOURCE CAPITAL CORP COM 76120W302 28,747,725 3,087,833 SH SOLE 3,087,833 SERVICE CORP INTERNATIONAL COM 817565104 31,872,425 2,268,500 SH SOLE 2,268,500 SHIRE PLC-ADR ADR 82481R106 96,109,405 1,393,900 SH SOLE 1,393,900 SLM CORP COM 78442P106 82,251,760 4,084,000 SH SOLE 4,084,000 CARROLS RESTAURANT GROUP INC COM 14574X104 5,900,322 615,900 SH SOLE 615,900 TIMBERLAND CO-CL A CL-A 887100105 4,550,736 251,700 SH SOLE 251,700 TRIPLECROWN ACQUISITION CORP COM 89677G109 16,398,000 1,800,000 SH SOLE 1,800,000

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 --------------------------- ----- ----- ------ ---------- --- ---- ---------- -------- ---- ------ ---- TRIPLECROWN ACQUISITION-CW12 COM 89677G117 1,944,000 1,800,000 SH SOLE 1,800,000 TEVA PHARMACEUTICAL-SP ADR ADR 881624209 98,639,856 2,122,200 SH SOLE 2,122,200 TITANIUM METALS CORP COM 888339207 13,388,990 506,200 SH SOLE 506,200 TRIDENT MICROSYSTEMS INC COM 895919108 8,856,000 1,350,000 SH SOLE 1,350,000 TIME WARNER INC COM 887317105 80,699,229 4,887,900 SH SOLE 4,887,900 DOMTAR CORP COM 257559104 38,426,930 4,997,000 SH SOLE 4,997,000 UNITEDHEALTH GROUP INC COM 91324P102 89,884,080 1,544,400 SH SOLE 1,544,400 UNITRIN INC COM 913275103 4,717,417 98,300 SH SOLE 98,300 VALERO ENERGY CORP COM 91913Y100 87,831,626 1,254,200 SH SOLE 1,254,200 VICTORY ACQUISITION CORP COM 92644D100 14,505,000 1,500,000 SH SOLE 1,500,000 VICTORY ACQUISITION-CW11 COM 92644D118 2,505,000 1,500,000 SH SOLE 1,500,000 WELLPOINT INC COM 94973V107 134,419,906 1,532,200 SH SOLE 1,532,200 WILLIAMS COS INC COM 969457100 139,853,286 3,908,700 SH SOLE 3,908,700 WYNDHAM WORLDWIDE CORP COM 98310W108 16,551,371 702,520 SH SOLE 702,520 Total: 4,528,306,234