13F-HR 1 form13fhr.txt OMEGA ADVISORS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2005 ---------------------------- Check here if Amendment [ ]; Amendment Number: ----- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Omega Advisors, Inc. -------------------------------------------------- Address: Wall Street Plaza -------------------------------------------------- 88 Pine Street -------------------------------------------------- New York, New York 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 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 01/31/06 ------------------------ ------------------------------ ---------- Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 95 ------------- Form 13F Information Table Value Total: $3,491,362 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

Form 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------- -------------- --------- -------- ----------------- ---------- -------- ------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ------------------------ ACCENTURE LTD BERMUDA CL A G1150G111 30,143 1,044,100 SH SOLE 1,044,100 ----------------------------------------------------------------------------------------------------------------------------------- ALLIANCE DATA SYSTEMS CORP COM 018581108 49,114 1,379,600 SH SOLE 1,379,600 ----------------------------------------------------------------------------------------------------------------------------------- AES CORP COM 00130H105 5,192 328,000 SH SOLE 328,000 ----------------------------------------------------------------------------------------------------------------------------------- AGERE SYS INC COM 00845V308 43,352 3,360,600 SH SOLE 3,360,600 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN INTL GROUP INC COM 026874107 92,475 1,355,337 SH SOLE 1,355,337 ----------------------------------------------------------------------------------------------------------------------------------- AUTOLIV INC COM 052800109 120,908 2,662,000 SH SOLE 2,662,000 ----------------------------------------------------------------------------------------------------------------------------------- AFFILIATED MANAGERS GROUP COM 008252108 11,420 142,300 SH SOLE 142,300 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN TOWER CORP CL A 029912201 21,794 804,200 SH SOLE 804,200 ----------------------------------------------------------------------------------------------------------------------------------- ALAMOSA HLDGS INC COM 011589108 17,812 957,100 SH SOLE 957,100 ----------------------------------------------------------------------------------------------------------------------------------- ATLAS AMER INC COM 049167109 37,036 615,008 SH SOLE 615,008 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN EXPRESS CO COM 025816109 468 9,100 SH SOLE 9,100 ----------------------------------------------------------------------------------------------------------------------------------- AXIS CAPITAL HOLDINGS SHS G0692U109 18,471 590,500 SH SOLE 590,500 ----------------------------------------------------------------------------------------------------------------------------------- BANK OF AMERICA CORPORATION COM 060505104 21,391 463,500 SH SOLE 463,500 ----------------------------------------------------------------------------------------------------------------------------------- BEARINGPOINT INC COM 074002106 8,701 1,107,000 SH SOLE 1,107,000 ----------------------------------------------------------------------------------------------------------------------------------- CITIGROUP INC COM 172967101 16,953 349,333 SH SOLE 349,333 ----------------------------------------------------------------------------------------------------------------------------------- COMPUTER ASSOC INTL INC COM 204912109 38,116 1,352,100 SH SOLE 1,352,100 ----------------------------------------------------------------------------------------------------------------------------------- CAE INC COM 124765108 1,867 254,700 SH SOLE 254,700 ----------------------------------------------------------------------------------------------------------------------------------- CARDINAL HEALTH INC COM 14149Y108 23,636 343,800 SH SOLE 343,800 ----------------------------------------------------------------------------------------------------------------------------------- CBS CORP CL B 124857202 19,967 783,000 SH SOLE 783,000 ----------------------------------------------------------------------------------------------------------------------------------- CAMECO CORP COM 13321L108 51,688 815,400 SH SOLE 815,400 ----------------------------------------------------------------------------------------------------------------------------------- CENDANT CORP COM 151313103 45,061 2,612,255 SH SOLE 2,612,255 ----------------------------------------------------------------------------------------------------------------------------------- COMCAST CORP NEW CL A SPL 20030N200 22,682 882,900 SH SOLE 882,900 ----------------------------------------------------------------------------------------------------------------------------------- CMS ENERGY CORP COM 125896100 1,000 68,900 SH SOLE 68,900 ----------------------------------------------------------------------------------------------------------------------------------- CAREMARK RX INC COM 141705103 16,588 320,300 SH SOLE 320,300 ----------------------------------------------------------------------------------------------------------------------------------- CONSECO INC COM NEW 208464883 62,668 2,704,700 SH SOLE 2,704,700 ----------------------------------------------------------------------------------------------------------------------------------- CONSOL ENERGY INC COM 20854P109 41,116 630,800 SH SOLE 630,800 ----------------------------------------------------------------------------------------------------------------------------------- CHIQUITA BRANDS INTL INC COM 170032809 14,787 739,000 SH SOLE 739,000 ----------------------------------------------------------------------------------------------------------------------------------- CSX CORP COM 126408103 9,012 177,500 SH SOLE 177,500 ----------------------------------------------------------------------------------------------------------------------------------- CENTEX CORP COM 152312104 21,132 295,600 SH SOLE 295,600 ----------------------------------------------------------------------------------------------------------------------------------- DEERE & CO COM 244199105 64,691 949,800 SH SOLE 949,800 ----------------------------------------------------------------------------------------------------------------------------------- ECHOSTAR COMMUNICATIONS NEW CL A 278762109 66,289 2,439,800 SH SOLE 2,439,800 ----------------------------------------------------------------------------------------------------------------------------------- DIAMOND OFFSHORE DRILLING IN COM 25271C102 18,273 262,700 SH SOLE 262,700 ----------------------------------------------------------------------------------------------------------------------------------- DOW CHEM CO COM 260543103 36,309 828,600 SH SOLE 828,600 ----------------------------------------------------------------------------------------------------------------------------------- DAVITA INC COM 23918K108 29,883 590,100 SH SOLE 590,100 ----------------------------------------------------------------------------------------------------------------------------------- ENCANA CORP COM 292505104 957 21,200 SH SOLE 21,200 ----------------------------------------------------------------------------------------------------------------------------------- EMBRAER-EMPRESA BRASILEIRA D SP ADR PFD SHS 29081M102 26,518 678,200 SH SOLE 678,200 ----------------------------------------------------------------------------------------------------------------------------------- E TRADE FINANCIAL CORP COM 269246104 31,196 1,495,500 SH SOLE 1,495,500 ----------------------------------------------------------------------------------------------------------------------------------- ADVANCED MEDICAL OPTICS INC COM 00763M108 44,642 1,068,000 SH SOLE 1,068,000 ----------------------------------------------------------------------------------------------------------------------------------- FREEPORT-MCMORAN COPPER & GO CL B 35671D857 29,447 547,334 SH SOLE 547,334 ----------------------------------------------------------------------------------------------------------------------------------- FIRST DATA CORP COM 319963104 5,613 130,500 SH SOLE 130,500 ----------------------------------------------------------------------------------------------------------------------------------- FEDERAL HOME LN MTG CORP COM 313400301 81,152 1,241,800 SH SOLE 1,241,800 ----------------------------------------------------------------------------------------------------------------------------------- GUIDANT CORP COM 401698105 38,597 596,100 SH SOLE 596,100 ----------------------------------------------------------------------------------------------------------------------------------- GENERAL ELECTRIC CO COM 369604103 1,486 42,400 SH SOLE 42,400 ----------------------------------------------------------------------------------------------------------------------------------- GRACE W R & CO DEL NEW COM 38388F108 2,332 248,100 SH SOLE 248,100 ----------------------------------------------------------------------------------------------------------------------------------- HARRAHS ENTMT INC COM 413619107 9,888 138,700 SH SOLE 138,700 ----------------------------------------------------------------------------------------------------------------------------------- HILTON HOTELS CORP COM 432848109 55,357 2,296,000 SH SOLE 2,296,000 ----------------------------------------------------------------------------------------------------------------------------------- HERCULES INC COM 427056106 19,888 1,760,000 SH SOLE 1,760,000 ----------------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL BUSINESS MACHS COM 459200101 33,192 403,800 SH SOLE 403,800 ----------------------------------------------------------------------------------------------------------------------------------- JANUS CAP GROUP INC COM 47102X105 712 38,200 SH SOLE 38,200 ----------------------------------------------------------------------------------------------------------------------------------- KERR MCGEE CORP COM 492386107 88,531 974,369 SH SOLE 974,369 ----------------------------------------------------------------------------------------------------------------------------------- KINDRED HEALTHCARE INC COM 494580103 42,239 1,639,700 SH SOLE 1,639,700 ----------------------------------------------------------------------------------------------------------------------------------- MBNA CORP COM 55262L100 77,836 2,866,900 SH SOLE 2,866,900 ----------------------------------------------------------------------------------------------------------------------------------- KOHLS CORP COM 500255104 52,605 1,082,400 SH SOLE 1,082,400 ----------------------------------------------------------------------------------------------------------------------------------- LIFEPOINT HOSPITALS INC COM 53219L109 9,259 246,900 SH SOLE 246,900 ---------------------------------------------------------------------------------------------------------------------------------- MCDONALDS CORP COM 580135101 114,301 3,389,700 SH SOLE 3,389,700 ----------------------------------------------------------------------------------------------------------------------------------- ALTRIA GROUP INC COM 02209S103 56,989 762,700 SH SOLE 762,700 ----------------------------------------------------------------------------------------------------------------------------------- MICROSOFT CORP COM 594918104 81,251 3,107,100 SH SOLE 3,107,100 ----------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY COM NEW 617446448 16,999 299,600 SH SOLE 299,600 ----------------------------------------------------------------------------------------------------------------------------------- NORTHSTAR REALTY FIN CORP COM 66704R100 4,761 467,200 SH SOLE 467,200 ----------------------------------------------------------------------------------------------------------------------------------- NEWS CORP CL A 65248E104 75,142 4,832,300 SH SOLE 4,832,300 ----------------------------------------------------------------------------------------------------------------------------------- NEXEN INC COM 65334H102 19,566 410,800 SH SOLE 410,800 ----------------------------------------------------------------------------------------------------------------------------------- PETRO-CDA COM 71644E102 29,126 725,800 SH SOLE 725,800 ----------------------------------------------------------------------------------------------------------------------------------- RESOURCE AMERICA INC CL A 761195205 18,951 1,111,500 SH SOLE 1,111,500 ----------------------------------------------------------------------------------------------------------------------------------- TRANSOCEAN INC ORD G90078109 125,114 1,795,300 SH SOLE 1,795,300 ----------------------------------------------------------------------------------------------------------------------------------- REPUBLIC AWYS HLDGS INC COM 760276105 7,828 515,000 SH SOLE 515,000 ----------------------------------------------------------------------------------------------------------------------------------- ROSS STORES INC COM 778296103 63,713 2,204,600 SH SOLE 2,204,600 ----------------------------------------------------------------------------------------------------------------------------------- SPRINT NEXTEL CORP COM FON 852061100 71,899 3,077,868 SH SOLE 3,077,868 ----------------------------------------------------------------------------------------------------------------------------------- SERVICE CORP INTL COM 817565104 58,162 7,110,300 SH SOLE 7,110,300 ----------------------------------------------------------------------------------------------------------------------------------- SCOTTISH RE GROUP LTD ORD G7885T104 37,463 1,526,000 SH SOLE 1,526,000 ----------------------------------------------------------------------------------------------------------------------------------- SPIRIT FIN CORP COM 848568309 47,041 4,144,600 SH SOLE 4,144,600 ----------------------------------------------------------------------------------------------------------------------------------- SCIENTIFIC GAMES CORP CL A 80874P109 66,089 2,422,600 SH SOLE 2,422,600 ----------------------------------------------------------------------------------------------------------------------------------- SHIRE PLC SPONSORED ADR 82481R106 9,698 250,000 SH SOLE 250,000 ----------------------------------------------------------------------------------------------------------------------------------- SEMPRA ENERGY COM 816851109 16,322 364,000 SH SOLE 364,000 ----------------------------------------------------------------------------------------------------------------------------------- SASOL LTD SPONSORED ADR 803866300 2,092 58,700 SH SOLE 58,700 ----------------------------------------------------------------------------------------------------------------------------------- TAL INTL GROUP INC COM 874083108 14,767 715,100 SH SOLE 715,100 ----------------------------------------------------------------------------------------------------------------------------------- 21ST CENTY HLDG CO COM 90136Q100 5,485 320,600 SH SOLE 320,600 ----------------------------------------------------------------------------------------------------------------------------------- TALBOTS INC COM 874161102 2,952 106,100 SH SOLE 106,100 ----------------------------------------------------------------------------------------------------------------------------------- TALISMAN ENERGY INC COM 87425E103 10,810 204,000 SH SOLE 204,000 ----------------------------------------------------------------------------------------------------------------------------------- TOWER GROUP INC COM 891777104 3,750 170,600 SH SOLE 170,600 ----------------------------------------------------------------------------------------------------------------------------------- TIME WARNER INC COM 887317105 58,597 3,359,900 SH SOLE 3,359,900 ----------------------------------------------------------------------------------------------------------------------------------- TXU CORP COM 873168108 103,632 2,064,800 SH SOLE 2,064,800 ----------------------------------------------------------------------------------------------------------------------------------- TYCO INTL LTD NEW COM 902124106 173,252 6,003,191 SH SOLE 6,003,191 ----------------------------------------------------------------------------------------------------------------------------------- VIACOM INC CL B 925524308 62,931 1,930,400 SH SOLE 1,930,400 ----------------------------------------------------------------------------------------------------------------------------------- WACHOVIA CORP 2ND NEW COM 929903102 1,036 19,600 SH SOLE 19,600 ----------------------------------------------------------------------------------------------------------------------------------- WEATHERFORD INTERNATIONAL LT COM G95089101 6,516 180,000 SH SOLE 180,000 ----------------------------------------------------------------------------------------------------------------------------------- WELLPOINT INC COM 94973V107 161,607 2,025,400 SH SOLE 2,025,400 ----------------------------------------------------------------------------------------------------------------------------------- WAL MART STORES INC COM 931142103 987 21,100 SH SOLE 21,100 ----------------------------------------------------------------------------------------------------------------------------------- UNITED STATES STL CORP NEW COM 912909108 9,614 200,000 SH SOLE 200,000 ----------------------------------------------------------------------------------------------------------------------------------- XL CAP LTD CL A G98255105 19,830 294,300 SH SOLE 294,300 ----------------------------------------------------------------------------------------------------------------------------------- XEROX CORP COM 984121103 17,857 1,218,900 SH SOLE 1,218,900 ----------------------------------------------------------------------------------------------------------------------------------- BP PLC SPONSORED ADR 055622104 34,204 532,600 SH SOLE 532,600 ----------------------------------------------------------------------------------------------------------------------------------- ROYAL DUTCH PETE CO SPONS ADR A 780259206 61,219 995,600 SH SOLE 995,600 ----------------------------------------------------------------------------------------------------------------------------------- TOTAL S A SPONSORED ADR 89151E109 58,207 460,500 SH SOLE 460,500 ----------------------------------------------------------------------------------------------------------------------------------- VODAFONE GROUP PCL NEW SPONSORED ADR 92857W100 16,111 750,400 SH SOLE 750,400 ----------------------------------------------------------------------------------------------------------------------------------- GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 14,049 278,300 SH SOLE 278,300 -----------------------------------------------------------------------------------------------------------------------------------