13F-HR 1 srz590337v26.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: September 30, 2004 ---------------------------- 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 11/11/04 ------------------------ ------------------------------ ---------- 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: 110 ------------- Form 13F Information Table Value Total: $2,311,170 ------------- (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 590337.26

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 --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ---------------- ALCOA INC COM 013817101 336 10,000 SH SOLE 10,000 ----------------------------------------------------------------------------------------------------------------------------------- ADVANCED AUTO PARTS INC COM 00751Y106 56,251 1,635,200 SH SOLE 1,635,200 ----------------------------------------------------------------------------------------------------------------------------------- ARBOR RLTY TR INC COM 038923108 11,318 509,800 SH SOLE 509,800 ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN CAPITAL STRATEGIES COM 024937104 36,693 1,170,800 SH SOLE 1,170,800 ----------------------------------------------------------------------------------------------------------------------------------- AES CORP COM 00130H105 50,935 5,098,600 SH SOLE 5,098,600 ----------------------------------------------------------------------------------------------------------------------------------- AGCO CORP COM 001084102 24,434 1,080,200 SH SOLE 1,080,200 ----------------------------------------------------------------------------------------------------------------------------------- AUTOLIV INC COM 052800109 43,866 1,085,800 SH SOLE 1,085,800 ----------------------------------------------------------------------------------------------------------------------------------- AMGEN INC COM 031162100 2,834 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- ALAMOSA HLDGS INC COM 011589108 10,445 1,367,100 SH SOLE 1,367,100 ----------------------------------------------------------------------------------------------------------------------------------- ANTHEM INC COM 03674B104 100,433 1,151,100 SH SOLE 1,151,100 ----------------------------------------------------------------------------------------------------------------------------------- BANKATLANTIC BANCORP CL A 065908501 733 40,000 SH SOLE 40,000 ----------------------------------------------------------------------------------------------------------------------------------- BOSTON SCIENTIFIC CORP COM 101137107 1,987 50,000 SH SOLE 50,000 ----------------------------------------------------------------------------------------------------------------------------------- CITIGROUP INC COM 172967101 60,479 1,370,792 SH SOLE 1,370,792 ----------------------------------------------------------------------------------------------------------------------------------- COMPUTER ASSOC INTL INC COM 204912109 48,463 1,842,700 SH SOLE 1,842,700 ----------------------------------------------------------------------------------------------------------------------------------- CAE INC COM 124765108 7,131 1,635,300 SH SOLE 1,635,300 ----------------------------------------------------------------------------------------------------------------------------------- CINCINNATI BELL INC NEW COM 171871106 7,338 2,102,600 SH SOLE 2,102,600 ----------------------------------------------------------------------------------------------------------------------------------- CAMECO CORP COM 13321L108 31,886 402,400 SH SOLE 402,400 ----------------------------------------------------------------------------------------------------------------------------------- CENDANT CORP COM 151313103 91,097 4,217,455 SH SOLE 4,217,455 ----------------------------------------------------------------------------------------------------------------------------------- CHESAPEAKE ENERGY CORP COM 165167107 11,925 753,300 SH SOLE 753,300 ----------------------------------------------------------------------------------------------------------------------------------- CHARMING SHOPPES INC COM 161133103 1,261 177,100 SH SOLE 177,100 ----------------------------------------------------------------------------------------------------------------------------------- CMS ENERGY CORP COM 125896100 38,871 4,083,100 SH SOLE 4,083,100 ----------------------------------------------------------------------------------------------------------------------------------- CONSECO INC COM NEW 208464883 47,271 2,676,700 SH SOLE 2,676,700 ----------------------------------------------------------------------------------------------------------------------------------- COPART INC COM 217204106 5,849 309,000 SH SOLE 309,000 ----------------------------------------------------------------------------------------------------------------------------------- CHIQUITA BRANDS INTL INC COM 170032809 31,886 1,831,500 SH SOLE 1,888,700 ----------------------------------------------------------------------------------------------------------------------------------- CYPRESS SEMICONDUCTOR CORP COM 232806109 928 105,000 SH SOLE 105,000 ----------------------------------------------------------------------------------------------------------------------------------- DAIMLERCHRYSLER AG COM D1668R123 207 5,000 SH SOLE 5,000 ----------------------------------------------------------------------------------------------------------------------------------- DU PONT E I DE NEMOURS & CO COM 263534109 708 16,553 SH SOLE 16,553 ----------------------------------------------------------------------------------------------------------------------------------- ECHOSTAR COMMUNICATIONS NEW CL A 278762109 93,687 3,010,500 SH SOLE 3,010,500 ----------------------------------------------------------------------------------------------------------------------------------- DIRECTV GROUP INC COM 25459L106 9,995 568,200 SH SOLE 568,200 ----------------------------------------------------------------------------------------------------------------------------------- DEVON ENERGY CORP NEW COM 25179M103 1,420 20,000 SH SOLE 20,000 ----------------------------------------------------------------------------------------------------------------------------------- ENCANA CORP COM 292505104 15,357 331,700 SH SOLE 331,700 ----------------------------------------------------------------------------------------------------------------------------------- EMBRAER-EMPRESA BRASILEIRA D SP ADR PFD SHS 29081M102 14,863 563,000 SH SOLE 563,000 ----------------------------------------------------------------------------------------------------------------------------------- ISHARES INC MSCI JAPAN 464286848 970 100,000 SH SOLE 100,000 ----------------------------------------------------------------------------------------------------------------------------------- FURNITURE BRANDS INTL INC COM 360921100 13,654 544,400 SH SOLE 544,400 ----------------------------------------------------------------------------------------------------------------------------------- FREEPORT-MCMORAN COPPER & GO CL B 35671D857 70,054 1,729,734 SH SOLE 1,729,734 ----------------------------------------------------------------------------------------------------------------------------------- HILTON HOTELS CORP COM 432848109 11,061 587,100 SH SOLE 587,100 ----------------------------------------------------------------------------------------------------------------------------------- HERCULES INC COM 427056106 31,350 2,200,000 SH SOLE 2,200,000 ----------------------------------------------------------------------------------------------------------------------------------- HUMANA INC COM 444859102 27,962 1,399,500 SH SOLE 1,399,500 ----------------------------------------------------------------------------------------------------------------------------------- INTEL CORP COM 458140100 631 31,473 SH SOLE 31,473 ----------------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL PAPER CO COM 458146103 725 17,933 SH SOLE 17,933 ----------------------------------------------------------------------------------------------------------------------------------- PENNEY J C INC COM 708160106 55,390 1,570,000 SH SOLE 1,570,000 ----------------------------------------------------------------------------------------------------------------------------------- J P MORGAN CHASE & CO COM 46625H100 9,215 231,935 SH SOLE 231,935 ----------------------------------------------------------------------------------------------------------------------------------- KERR MCGEE CORP COM NEW 492386107 37,842 661,000 SH SOLE 661,000 ----------------------------------------------------------------------------------------------------------------------------------- KINDER MORGAN INC KANS COM 49455P101 13,606 216,600 SH SOLE 216,600 ----------------------------------------------------------------------------------------------------------------------------------- LIBERTY MEDIA CORP NEW COM SER A 530718105 39,113 4,485,445 SH SOLE 4,485,445 ----------------------------------------------------------------------------------------------------------------------------------- LIBERTY MEDIA INTL INC COM SER A 530719103 13,189 395,319 SH SOLE 395,319 ----------------------------------------------------------------------------------------------------------------------------------- LEAP WIRELESS INTERNATIONALINC COM 530863308 7,088 322,200 SH SOLE 322,200 ----------------------------------------------------------------------------------------------------------------------------------- LABORATORY CORP AMER HLDGS COM NEW 50540R409 32,471 742,700 SH SOLE 742,700 ----------------------------------------------------------------------------------------------------------------------------------- LAIDLAW INTL INC COM 50730R102 52,675 3,202,127 SH SOLE 3,202,127 ----------------------------------------------------------------------------------------------------------------------------------- LINENS N THINGS INC COM 535679104 1,251 54,000 SH SOLE 54,000 ----------------------------------------------------------------------------------------------------------------------------------- MAY DEPT STORES CO COM 577778103 769 30,000 SH SOLE 30,000 ----------------------------------------------------------------------------------------------------------------------------------- MCI INC COM 552691107 153,083 9,139,309 SH SOLE 9,139,309 ----------------------------------------------------------------------------------------------------------------------------------- MELLON FINL CORP COM 58551A108 700 25,265 SH SOLE 25,265 ----------------------------------------------------------------------------------------------------------------------------------- MERRILL LYNCH & CO INC COM 590188108 696 13,997 SH SOLE 13,997 ----------------------------------------------------------------------------------------------------------------------------------- METLIFE INC COM 59156R108 2,319 60,000 SH SOLE 60,000 ----------------------------------------------------------------------------------------------------------------------------------- MOHAWK INDS INC COM 608190104 15,465 194,800 SH SOLE 194,800 ----------------------------------------------------------------------------------------------------------------------------------- MERISTAR HOSPITALITY CORP COM 58984Y103 6,670 1,223,900 SH SOLE 1,223,900 ----------------------------------------------------------------------------------------------------------------------------------- ALTRIA GROUP INC COM 02209S103 31,583 671,400 SH SOLE 671,400 ----------------------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY COM 617446448 725 14,714 SH SOLE 14,714 ----------------------------------------------------------------------------------------------------------------------------------- MAXIM INTERGRATED PRODUCTS INC COM 57772K101 706 16,688 SH SOLE 16,688 ----------------------------------------------------------------------------------------------------------------------------------- INCO LTD COM 453258402 10,797 276,500 SH SOLE 276,500 ----------------------------------------------------------------------------------------------------------------------------------- NATIONAL CITY CORP COM 635405103 9,655 250,000 SH SOLE 250,000 ----------------------------------------------------------------------------------------------------------------------------------- NEWMONT MINING CORP COM 651639106 455 10,000 SH SOLE 10,000 ----------------------------------------------------------------------------------------------------------------------------------- NORTHWEST AIRLS CORP CL A 667280101 1,060 129,100 SH SOLE 129,100 ----------------------------------------------------------------------------------------------------------------------------------- NEXEN INC COM 65334H102 27,652 661,700 SH SOLE 661,700 ----------------------------------------------------------------------------------------------------------------------------------- OMNICARE INC COM 681904108 4,254 150,000 SH SOLE 150,000 ----------------------------------------------------------------------------------------------------------------------------------- OCEANEERING INTERNATIONAL INC COM 675232102 851 23,100 SH SOLE 23,100 ----------------------------------------------------------------------------------------------------------------------------------- PLACER DOME INC COM 725906101 5,964 300,000 SH SOLE 300,000 ----------------------------------------------------------------------------------------------------------------------------------- PFIZER INC COM 717081103 43,678 1,427,400 SH SOLE 1,427,400 ----------------------------------------------------------------------------------------------------------------------------------- PACIFICARE HEALTH SYSTEMS COM 695112102 4,037 110,000 SH SOLE 110,000 ----------------------------------------------------------------------------------------------------------------------------------- PMC-SIERRA INC COM 69344F106 198 22,500 SH SOLE 22,500 ----------------------------------------------------------------------------------------------------------------------------------- PINNACLE ENTMT INC COM 723456109 14,525 1,052,500 SH SOLE 1,052,500 ----------------------------------------------------------------------------------------------------------------------------------- PATINA OIL & GAS CORP COM 703224105 591 20,000 SH SOLE 20,000 ----------------------------------------------------------------------------------------------------------------------------------- PARTNERRE LTD COM G6852T105 14,837 271,300 SH SOLE 271,300 ----------------------------------------------------------------------------------------------------------------------------------- PLATINUM UNDERWRITERS HLDGS L COM G7127P100 4,685 160,000 SH SOLE 160,000 ----------------------------------------------------------------------------------------------------------------------------------- PIONEER NAT RES CO COM 723787107 2,414 70,000 SH SOLE 70,000 ----------------------------------------------------------------------------------------------------------------------------------- PLAYTEX PRODS INC COM 72813P100 1,553 246,500 SH SOLE 246,500 ----------------------------------------------------------------------------------------------------------------------------------- RESOURCE AMERICA INC CL A 761195205 22,967 973,600 SH SOLE 973,600 ----------------------------------------------------------------------------------------------------------------------------------- ARAMARK CORP CL B 038521100 12,731 527,400 SH SOLE 527,400 ----------------------------------------------------------------------------------------------------------------------------------- RENAISSANCE RE HLDGS LTD COM G7496G103 18,997 368,300 SH SOLE 368,300 ----------------------------------------------------------------------------------------------------------------------------------- ROSS STORES INC COM 778296103 5,869 250,400 SH SOLE 250,400 ----------------------------------------------------------------------------------------------------------------------------------- SELECT MEDICAL CORP COM 816196109 2,550 189,900 SH SOLE 189,900 ----------------------------------------------------------------------------------------------------------------------------------- ISTAR FINL INC COM 45031U101 23,501 570,000 SH SOLE 570,000 ----------------------------------------------------------------------------------------------------------------------------------- SCIENTIFIC GAMES CORP CL A 80874P109 46,360 2,427,200 SH SOLE 2,427,200 ----------------------------------------------------------------------------------------------------------------------------------- SUNTERRA CORP COM NEW 86787D208 6,730 706,200 SH SOLE 706,200 ----------------------------------------------------------------------------------------------------------------------------------- SOUTHTRUST CORP COM 844730101 321 7,700 SH SOLE 7,700 ----------------------------------------------------------------------------------------------------------------------------------- SERVICE CORP INTL COM 817565104 35,198 5,668,000 SH SOLE 5,668,000 ----------------------------------------------------------------------------------------------------------------------------------- SUNCOR ENERGY INC COM 867229106 15,536 485,000 SH SOLE 485,000 ----------------------------------------------------------------------------------------------------------------------------------- SOUTHERN UN CO NEW COM 844030106 1,845 90,000 SH SOLE 90,000 ----------------------------------------------------------------------------------------------------------------------------------- TEVA PHARMACEUTICAL INDS LTD ADR 881624209 2,595 100,000 SH SOLE 100,000 ----------------------------------------------------------------------------------------------------------------------------------- TIME WARNER INC COM 887317105 8,217 509,100 SH SOLE 509,100 ----------------------------------------------------------------------------------------------------------------------------------- TXU CORP COM 873168108 29,461 614,800 SH SOLE 614,800 ----------------------------------------------------------------------------------------------------------------------------------- TYCO INTL LTD NEW COM 902124106 102,002 3,326,891 SH SOLE 3,326,891 ----------------------------------------------------------------------------------------------------------------------------------- UNITEDHEALTH GROUP INC COM 91324P102 802 10,870 SH SOLE 10,870 ----------------------------------------------------------------------------------------------------------------------------------- US BANCORP DEL COM NEW 902973304 677 23,413 SH SOLE 23,413 ----------------------------------------------------------------------------------------------------------------------------------- WACHOVIA CORP 2ND NEW COM 929903102 34,673 738,500 SH SOLE 738,500 ----------------------------------------------------------------------------------------------------------------------------------- WENDYS INTL INC COM 950590109 771 22,949 SH SOLE 22,949 ----------------------------------------------------------------------------------------------------------------------------------- WHIRLPOOL CORP COM 963320106 5,757 95,800 SH SOLE 95,800 ----------------------------------------------------------------------------------------------------------------------------------- WELLPOINT HEALTH NETWORK NEW COM 94973H108 41,868 398,400 SH SOLE 398,400 ----------------------------------------------------------------------------------------------------------------------------------- WALMART STORES INC COM 931142103 695 13,058 SH SOLE 13,058 ----------------------------------------------------------------------------------------------------------------------------------- WESTAR ENERGY INC COM 95709T100 48,599 2,405,900 SH SOLE 2,405,900 ----------------------------------------------------------------------------------------------------------------------------------- WILLIS GROUP HOLDINGS LTD SHS G96655108 18,517 495,100 SH SOLE 495,100 ----------------------------------------------------------------------------------------------------------------------------------- WYNN RESORTS LTD COM 983134107 28,119 544,000 SH SOLE 544,000 ----------------------------------------------------------------------------------------------------------------------------------- UNITED STATES STL CORP NEW COM 912909108 24,351 647,300 SH SOLE 647,300 ----------------------------------------------------------------------------------------------------------------------------------- XCEL ENERGY INC COM 98389B100 802 46,324 SH SOLE 46,324 ----------------------------------------------------------------------------------------------------------------------------------- YELLOW ROADWAY CORP COM 985577105 42,965 916,300 SH SOLE 916,300 ----------------------------------------------------------------------------------------------------------------------------------- BP PLC SPONSORED ADR 055622104 33,034 574,200 SH SOLE 574,200 ----------------------------------------------------------------------------------------------------------------------------------- ROYAL DUTCH PETE CO NY REG EUR.56 780257804 28,380 550,000 SH SOLE 550,000 ----------------------------------------------------------------------------------------------------------------------------------- TOTAL S A SPONSORED ADR 89151E109 18,656 182,600 SH SOLE 182,600 ----------------------------------------------------------------------------------------------------------------------------------- TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 8,568 1,200,000 SH SOLE 1,200,000 -----------------------------------------------------------------------------------------------------------------------------------