13F-HR 1 oai13fhr111209.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: September 30, 2009 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 November 13, 2009 ------------------------- -------------------------- -------------------- [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: 93 -------------- Form 13F Information Table Value Total: $2,686,739 -------------- (in thousands) List of Other Included Managers: NONE --------------

Title of Value SH/PRN SH/ Put/ Investment Other Voting Authority Name of Issuer Class CUSIP (x1000) Amount PRN Call Discretion Managers Sole Shared None -------------- ----- ----- ------- ------ --- ---- ---------- -------- ---- ------ ---- 3M CO COM 88579Y101 5414 73365 SH Sole 73365 ACE LTD SHS H0023R105 4811 90000 SH Sole 90000 ADVANCE AUTO PARTS INC COM 00751Y106 3480 88600 SH Sole 88600 AES CORP COM 00130H105 89214 6019857 SH Sole 6019857 APOLLO INVESTMENT CORP COM 03761U106 13743 1439100 SH Sole 1439100 ATLAS ENERGY INC COM 049298102 177890 6571475 SH Sole 6571475 ATLAS PIPELINE HOLDINGS LP COM UNITS LP 04939R108 6045 1590756 SH Sole 1590756 ATLAS PIPELINE PARTNERS LP UNIT LP INT 049392103 31780 4347418 SH Sole 4347418 AUTOZONE INC COM 053332102 2310 15800 SH Sole 15800 AXIS CAPITAL HOLDINGS LTD SHS G0692U109 35451 1174654 SH Sole 1174654 BANK OF AMERICA CORP COM 060505104 73255 4329500 SH Sole 4329500 BANK OF NEW YORK MELLON CORP COM 064058100 8871 306000 SH Sole 306000 BROADRIDGE FINANCIAL SOLUTIO COM 11133T103 32258 1604900 SH Sole 1604900 CABLEVISION SYSTEMS-NY GRP-A CL A NY CABLVS 12686C109 25714 1082700 SH Sole 1082700 CARNIVAL CORP PAIRED CTF 143658300 6636 199400 SH Sole 199400 CENTURYTEL INC COM 156700106 4536 135000 SH Sole 135000 CHINA LIFE INSURANCE CO-ADR SPON ADR REP H 16939P106 4928 75000 SH Sole 75000 CHRISTOPHER & BANKS CORP COM 171046105 799 118082 SH Sole 118082 CITIGROUP INC COM 172967101 11858 2450000 SH Sole 2450000 COMCAST CORP - SPECIAL CL A CL A SPL 20030N200 23559 1465100 SH Sole 1465100 COMPASS MINERALS INTERNATION COM 20451N101 4357 70700 SH Sole 70700 CONTINENTAL AIRLINES CL B 210795308 42203 2567100 SH Sole 2567100 COVIDIEN PLC SHS G2554F105 31039 717500 SH Sole 717500 CROCS INC COM 227046109 2161 325000 SH Sole 325000 DELTA AIR LINES INC COM NEW 247361702 36588 4083500 SH Sole 4083500 DISH NETWORK CORP-A CL A 25470M109 31687 1645200 SH Sole 1645200 DOMINO'S PIZZA INC COM 25754A201 421 47587 SH Sole 47587 DOMTAR CORP COM NEW 257559203 19179 544538 SH Sole 544538 E*TRADE FINANCIAL CORP COM 269246104 57617 32923900 SH Sole 32923900 EBAY INC COM 278642103 90800 3847462 SH Sole 3847462 ECHOSTAR CORP-A CL A 278768106 17249 934400 SH Sole 934400 ELECTRONIC ARTS INC COM 285512109 2286 120000 SH Sole 120000 EMC CORP/MASS COM 268648102 50670 2973600 SH Sole 2973600 EMULEX CORP COM NEW 292475209 12475 1212300 SH Sole 1212300 ENTERPRISE GP HOLDINGS LP UNIT LP INT 293716106 29417 994500 SH Sole 994500

Title of Value SH/PRN SH/ Put/ Investment Other Voting Authority Name of Issuer Class CUSIP (x1000) Amount PRN Call Discretion Managers Sole Shared None -------------- ----- ----- ------- ------ --- ---- ---------- -------- ---- ------ ---- EXELON CORP COM 30161N101 38259 771044 SH Sole 771044 EXTERRAN HOLDINGS INC COM 30225X103 2374 100000 SH Sole 100000 GENERAL ELECTRIC CO COM 369604103 6568 400000 SH Sole 400000 GIVEN IMAGING LTD ORD SHS M52020100 20731 1390409.01 SH Sole 1390409.01 GREAT WOLF RESORTS INC COM 391523107 177 49463 SH Sole 49463 HESS CORP COM 42809H107 10692 200000 SH Sole 200000 HOLOGIC INC COM 436440101 5392 330000 SH Sole 330000 JPMORGAN CHASE & CO COM 46625H100 6003 137000 SH Sole 137000 KKR FINANCIAL HOLDINGS LLC COM 48248A306 59933 12972567 SH Sole 12972567 LIBERTY GLOBAL INC-A COM SER A 530555101 4157 184200 SH Sole 184200 LIBERTY MEDIA CORP-ENT SER A ENT COM SER A 53071M500 46435 1492600 SH Sole 1492600 LIBERTY MEDIA CORP-INTER A INT COM SER A 53071M104 823 75000 SH Sole 75000 LINCOLN NATIONAL CORP COM 534187109 65703 2535800 SH Sole 2535800 LINN ENERGY LLC-UNITS UNIT LTD LIAB 536020100 93737 4093301 SH Sole 4093301 LIZ CLAIBORNE INC COM 539320101 247 50000 SH Sole 50000 LORILLARD INC COM 544147101 48302 650090 SH Sole 650090 MAGELLAN HEALTH SERVICES INC COM NEW 559079207 9520 306500 SH Sole 306500 MCDONALD'S CORP COM 580135101 10375 181800 SH Sole 181800 MICROSOFT CORP COM 594918104 4512 175434 SH Sole 175434 MULTIMEDIA GAMES INC COM 625453105 784 153105 SH Sole 153105 NEW YORK & CO COM 649295102 241 47050 SH Sole 47050 NOKIA CORP-SPON ADR SPON ADR 654902204 8699 595000 SH Sole 595000 NOMURA HOLDINGS INC-ADR SPON ADR 65535H208 3060 500000 SH Sole 500000 NORTHSTAR REALTY FINANCE COR COM 66704R100 7676 2186810 SH Sole 2186810 NUCOR CORP COM 670346105 31765 675700 SH Sole 675700 OLIN CORP COM PAR $1 680665205 11226 643700 SH Sole 643700 ORACLE CORP COM 68389X105 4168 200000 SH Sole 200000 PEPSICO INC COM 713448108 18484 315100 SH Sole 315100 PFIZER INC COM 717081103 33563 2028000 SH Sole 2028000 PMI GROUP INC/THE COM 69344M101 7085 1667000 SH Sole 1667000 PROCTER & GAMBLE CO/THE COM 742718109 4344 75000 SH Sole 75000 RED ROBIN GOURMET BURGERS COM 75689M101 204 10000 SH Sole 10000 RESOURCE AMERICA INC CL A 761195205 5748 1195000 SH Sole 1195000 SCHERING-PLOUGH CORP COM 806605101 113412 4014600 SH Sole 4014600 SEARS HOLDINGS CORP COM 812350106 653 10000 SH Sole 10000 SLM CORP COM 78442P106 139321 15977200 SH Sole 15977200 SOLARWINDS INC COM 83416B109 223 10100 SH Sole 10100 SPDR BARCLAYS CAPITAL HIGH BRCLYS YLD ETF 78464A417 45745 1188500 SH Sole 1188500 SPDR GOLD TRUST GOLD SHS 78463V107 15915 161000 SH Sole 161000

Title of Value SH/PRN SH/ Put/ Investment Other Voting Authority Name of Issuer Class CUSIP (x1000) Amount PRN Call Discretion Managers Sole Shared None -------------- ----- ----- ------- ------ --- ---- ---------- -------- ---- ------ ---- SPDR TRUST SERIES 1 UNIT SER 1 78462F103 22504 213125 SH Sole 213125 SUN MICROSYSTEMS INC COM NEW 866810203 10994 1209500 SH Sole 1209500 SUNTRUST BANKS INC COM 867914103 4000 177400 SH Sole 177400 TEREX CORP COM 880779103 11319 546000 SH Sole 546000 TEVA PHARMACEUTICAL-SP ADR ADR 881624209 75120 1485764 SH Sole 1485764 TIME WARNER CABLE COM 88732J207 5227 121300 SH Sole 121300 TOWER GROUP INC COM 891777104 21738 891263 SH Sole 891263 TRANSATLANTIC HOLDINGS INC COM 893521104 17650 351800 SH Sole 351800 TRANSOCEAN LTD REG SHS H8817H100 183382 2144064 SH Sole 2144064 TRAVELERS COS INC/THE COM 89417E109 19761 401400 SH Sole 401400 UNITEDHEALTH GROUP INC COM 91324P102 50818 2029476 SH Sole 2029476 VALIDUS HOLDINGS LTD COM SHS G9319H102 25914 1004400 SH Sole 1004400 VODAFONE GROUP PLC-SP ADR SPON ADR NEW 92857W209 10451 464500 SH Sole 464500 WELLPOINT INC COM 94973V107 98599 2081907 SH Sole 2081907 WILLIAMS COS INC COM 969457100 72400 4051508 SH Sole 4051508 WILLIS GROUP HOLDINGS LTD SHS G96655108 36486 1292900 SH Sole 1292900 WYETH COM 983024100 69712 1435000 SH Sole 1435000 XL CAPITAL LTD -CLASS A CL A G98255105 69575 3984837 SH Sole 3984837 XTO ENERGY INC COM 98385X106 4132 100000 SH Sole 100000