13F-HR 1 oai13fhr071708.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, 2008 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 July 17, 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: 90 -------------- Form 13F Information Table Value Total: $3,384,049 -------------- (in thousands) List of Other Included Managers: NONE --------------

Title of Market Shares/Prn Sh/ Put/ Investment Voting Authority Name of Issuer Class CUSIP Value amount Prn Call Discretion Sole Shared None -------------- ------- ----- ----- ------ --- ---- ---------- ---- ------ ---- 3M CO COM 88579Y101 69,701,344 1,001,600 SH Sole 1,001,600 ADVANCED SEMICONDUCTOR E-ADR ADR 00756M404 2,002,500 450,000 SH Sole 450,000 AES CORP COM 00130H105 78,349,906 4,078,600 SH Sole 4,078,600 ALCATEL-LUCENT-SPONSORED ADR SPON ADR 013904305 3,020,000 500,000 SH Sole 500,000 AMERICAN TOWER CORP-CL A CL A 029912201 35,654,775 843,900 SH Sole 843,900 AMKOR TECHNOLOGY INC COM 031652100 1,582,320 152,000 SH Sole 152,000 ANADARKO PETROLEUM CORP COM 032511107 60,515,624 808,600 SH Sole 808,600 APACHE CORP COM 037411105 35,542,300 255,700 SH Sole 255,700 ARRIS GROUP INC COM 04269Q100 2,323,750 275,000 SH Sole 275,000 ATLAS AMERICA INC COM 049167109 142,344,350 3,159,697 SH Sole 3,159,697 ATLAS ENERGY RESOURCES LLC COM 049303100 142,208,970 3,727,627 SH Sole 3,727,627 ATLAS PIPELINE HOLDINGS LP COM 04939R108 18,611,126 555,556 SH Sole 555,556 ATLAS PIPELINE PARTNERS LP COM 049392103 109,107,001 2,793,318 SH Sole 2,793,318 BANK OF AMERICA CORP COM 060505104 3,580,500 150,000 SH Sole 150,000 BARRICK GOLD CORP COM 067901108 1,592,500 35,000 SH Sole 35,000 BOEING CO COM 097023105 79,954,952 1,216,600 SH Sole 1,216,600 BPW ACQUISITION CORP-UNIT UNIT 055637201 10,202,400 1,040,000 SH Sole 1,040,000 99/99/999 BURLINGTON NORTHERN SANTA FE COM 12189T104 25,431,994 254,600 SH Sole 254,600 CASTLEPOINT HOLDINGS LTD COM G19522112 3,738,717 411,300 SH Sole 411,300 CB RICHARD ELLIS GROUP INC-A CL A 12497T101 3,360,000 175,000 SH Sole 175,000 CHICAGO BRIDGE & IRON-NY SHR COM 167250109 1,393,700 35,000 SH Sole 35,000 CIT GROUP INC COM 125581108 26,127,246 3,836,600 SH Sole 3,836,600 CITIGROUP INC COM 172967101 6,494,500 387,500 SH Sole 387,500 COMCAST CORP NEW-SPL CL A CL A SPL 20030N200 5,813,724 309,900 SH Sole 309,900 CONOCOPHILLIPS COM 20825C104 56,794,463 601,700 SH Sole 601,700 CORNING INC COM 219350105 143,977,215 6,246,300 SH Sole 6,246,300 CROWN CASTLE INTL CORP COM 228227104 10,414,497 268,900 SH Sole 268,900 CVS CAREMARK CORP COM 126650100 50,429,156 1,274,429 SH Sole 1,274,429 DISCOVER FINANCIAL SERVICES COM 254709108 19,348,047 1,469,100 SH Sole 1,469,100 DISH NETWORK CORP-A CL A 25470M109 65,967,840 2,253,000 SH Sole 2,253,000 DOMTAR CORP COM 257559104 28,616,860 5,250,800 SH Sole 5,250,800 EBAY INC COM 278642103 38,262,000 1,400,000 SH Sole 1,400,000 ECHOSTAR CORP-A CL A 278768106 9,537,710 305,500 SH Sole 305,500

Title of Market Shares/Prn Sh/ Put/ Investment Voting Authority Name of Issuer Class CUSIP Value amount Prn Call Discretion Sole Shared None -------------- ------- ----- ----- ------ --- ---- ---------- ---- ------ ---- ENTERPRISE GP HOLDINGS LP COM 293716106 42,020,256 1,396,950 SH Sole 1,396,950 FREEPORT-MCMORAN COPPER COM 35671D857 18,562,896 158,400 SH Sole 158,400 GENENTECH INC COM 368710406 66,260,700 873,000 SH Sole 873,000 GIVEN IMAGING LTD COM M5202010 14,232,001 965,536 SH Sole 965,536 GOLDCORP INC COM 380956409 1,662,120 36,000 SH Sole 36,000 HALLIBURTON CO COM 406216101 97,500,204 1,837,200 SH Sole 1,837,200 HILLTOP HOLDINGS INC COM 432748101 3,506,173 340,075 SH Sole 340,075 HONEYWELL INTERNATIONAL INC COM 438516106 9,301,800 185,000 SH Sole 185,000 HUSKY ENERGY INC COM 448055103 59,531,899 1,241,000 SH Sole 1,241,000 J.C. PENNEY CO INC COM 708160106 15,604,700 430,000 SH Sole 430,000 KKR FINANCIAL HOLDINGS LLC COM 48248A306 37,011,471 3,524,902 SH Sole 3,524,902 KRAFT FOODS INC-CLASS A CL A 50075N104 995,750 35,000 SH Sole 35,000 LIGAND PHARMACEUTICALS-CL B CL B 53220K207 2,584,140 993,900 SH Sole 993,900 LINN ENERGY LLC-UNITS UNIT LTD 536020100 121,827,150 4,902,501 SH Sole 4,902,501 LIAB LOEWS CORP COM 540424108 74,327,120 1,584,800 SH Sole 1,584,800 LSI CORP COM 502161102 16,358,876 2,664,312 SH Sole 2,664,312 METROPCS COMMUNICATIONS INC COM 591708102 5,289,977 298,700 SH Sole 298,700 MICRON TECHNOLOGY INC COM 595112103 2,100,000 350,000 SH Sole 350,000 MIRANT CORP COM 60467R100 141,232,842 3,607,480 SH Sole 3,607,480 NOKIA CORP-SPON ADR SPON ADR 654902204 74,244,800 3,030,400 SH Sole 3,030,400 NORTEL NETWORKS CORP COM 656568508 2,712,600 330,000 SH Sole 330,000 NRDC ACQUISITION CORP COM 62941R102 9,330,000 1,000,000 SH Sole 1,000,000 NUCOR CORP COM 670346105 78,597,642 1,052,600 SH Sole 1,052,600 OCWEN FINANCIAL CORP COM 675746309 1,860,000 400,000 SH Sole 400,000 PHILIP MORRIS INTERNATIONAL COM 718172109 30,038,998 608,200 SH Sole 608,200 RAIT FINANCIAL TRUST COM 749227104 23,262,902 3,135,162 SH Sole 3,135,162 RESEARCH IN MOTION COM 760975102 133,499,800 1,142,000 SH Sole 1,142,000 RESOURCE AMERICA INC-CL A CL A 761195205 11,137,400 1,195,000 SH Sole 1,195,000 RESOURCE CAPITAL CORP COM 76120W302 20,904,191 2,899,333 SH Sole 2,899,333 ROCKWELL AUTOMATION INC COM 773903109 39,357,000 900,000 SH Sole 900,000 RYANAIR HOLDINGS PLC-SP ADR SPON ADR 783513104 8,601,000 300,000 SH Sole 300,000 SEAGATE TECHNOLOGY COM G7945J104 3,347,750 175,000 SH Sole 175,000 SERVICE CORP INTERNATIONAL COM 817565104 15,806,566 1,603,100 SH Sole 1,603,100

Title of Market Shares/Prn Sh/ Put/ Investment Voting Authority Name of Issuer Class CUSIP Value amount Prn Call Discretion Sole Shared None -------------- ------- ----- ----- ------ --- ---- ---------- ---- ------ ---- SHIRE LTD-ADR SPON ADR 82481R106 71,508,715 1,455,500 SH Sole 1,455,500 SLM CORP COM 78442P106 81,484,785 4,211,100 SH Sole 4,211,100 SPRINT NEXTEL CORP COM 852061100 3,040,000 320,000 SH Sole 320,000 STMICROELECTRONICS NV-NY SHS COM 861012102 1,962,700 190,000 SH Sole 190,000 TEMBEC INC COM 87974D100 1,627,132 473,123 SH Sole 473,123 TEVA PHARMACEUTICAL ADR 881624209 73,105,960 1,596,200 SH Sole 1,596,200 TIMBERLAND CO-CL A CL A 887100105 27,621,690 1,689,400 SH Sole 1,689,400 TRANSOCEAN INC COM G90073100 236,425,008 1,551,447 SH Sole 1,551,447 TRIPLECROWN ACQUISITION CORP COM 89677G109 16,506,000 1,800,000 SH Sole 1,800,000 TYCO INTERNATIONAL LTD COM G9143X208 33,825,792 844,800 SH Sole 844,800 UNISYS CORP COM 909214108 2,765,000 700,000 SH Sole 700,000 UNITRIN INC COM 913275103 9,682,584 351,200 SH Sole 351,200 UTSTARCOM INC COM 918076100 2,188,000 400,000 SH Sole 400,000 VICTORY ACQUISITION CORP COM 92644D100 14,280,000 1,500,000 SH Sole 1,500,000 VICTORY ACQUISITION-CW11 COM 92644D118 945,000 1,500,000 SH Sole 1,500,000 WELLPOINT INC COM 94973V107 93,728,156 1,966,600 SH Sole 1,966,600 WELLS FARGO & CO COM 949746101 8,015,625 337,500 SH Sole 337,500 WHOLE FOODS MARKET INC COM 966837106 4,738,000 200,000 SH Sole 200,000 WILLIAMS COS INC COM 969457100 129,830,448 3,220,800 SH Sole 3,220,800 WYETH COM 983024100 67,853,808 1,414,800 SH Sole 1,414,800 WYNDHAM WORLDWIDE CORP COM 98310W108 16,119,000 900,000 SH Sole 900,000 XL CAP LTD -CLASS A CL A G98255105 5,140,000 250,000 SH Sole 250,000 YAMANA GOLD INC COM 98462Y100 1,654,000 100,000 SH Sole 100,000 ZUMIEZ INC COM 989817101 5,388,500 325,000 SH Sole 325,000 3,384,048,614 =============