UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
----------------------------
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 5/13/99
------------------------ ------------------------------ ----------
<PAGE>
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).)
<PAGE>
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: $2,652,077
-------------
(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
<PAGE>
<TABLE>
<CAPTION>
Form 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C>
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
- --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- -------- -------
AIRTOUCH COMMUNICATIONS INC COM 00949T100 42,653 441,400 SH SOLE 441,400
- -----------------------------------------------------------------------------------------------------------------------------------
ALLIED WASTE COM 019589308 22,225 1,539,100 SH SOLE 1,539,100
- -----------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP COM 020002101 13,301 358,900 SH SOLE 358,900
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICA WEST HLDG CORP COM 023657208 5,308 278,500 SH SOLE 278,500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN STD COS INC DEL COM 029712106 13,866 403,300 SH SOLE 403,300
- -----------------------------------------------------------------------------------------------------------------------------------
AMP INC COM 031897101 12,564 234,000 SH SOLE 234,000
- -----------------------------------------------------------------------------------------------------------------------------------
ARGONAUT GROUP INC COM 040157109 25,754 1,002,500 SH SOLE 1,002,500
- -----------------------------------------------------------------------------------------------------------------------------------
ASCEND COMMUNICATIONs COM 043491109 74,794 893,700 SH SOLE 893,700
- -----------------------------------------------------------------------------------------------------------------------------------
ASCENT ENTMT GROUP INC COM 043628106 22,522 2,058,700 SH SOLE 2,058,700
- -----------------------------------------------------------------------------------------------------------------------------------
AUTHENTIC FITNESS CORP COM 052661105 17,560 1,137,300 SH SOLE 1,137,300
- -----------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP NEW COM 06605F102 15,828 224,100 SH SOLE 224,100
- -----------------------------------------------------------------------------------------------------------------------------------
BANKERS TR CORP COM 066365107 39,474 447,300 SH SOLE 447,300
- -----------------------------------------------------------------------------------------------------------------------------------
BAYCORP HOLDINGS CORP COM 072728108 8,132 2,710,500 SH SOLE 2,710,500
- -----------------------------------------------------------------------------------------------------------------------------------
BIG FLOWER HLDGS INC COM 089159107 10,852 348,600 SH SOLE 348,600
- -----------------------------------------------------------------------------------------------------------------------------------
BROWNING FERRIS INDS COM 115885105 31,654 820,900 SH SOLE 820,900
- -----------------------------------------------------------------------------------------------------------------------------------
BURLINGTON RES INC COM 122014103 20,637 516,700 SH SOLE 516,700
- -----------------------------------------------------------------------------------------------------------------------------------
CATELLUS DEV CORP COM 149111106 25,797 1,928,000 SH SOLE 1,928,000
- -----------------------------------------------------------------------------------------------------------------------------------
CBS CORP COM 12490K107 14,423 352,300 SH SOLE 352,300
- -----------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP COM 151313103 14,680 932,062 SH SOLE 932,062
- -----------------------------------------------------------------------------------------------------------------------------------
CHANCELLOR MEDIA CORP COM 158915108 45,382 962,900 SH SOLE 962,900
- -----------------------------------------------------------------------------------------------------------------------------------
CIGNA CORP COM 125509109 34,991 417,500 SH SOLE 417,500
- -----------------------------------------------------------------------------------------------------------------------------------
CIRCUIT CITY STORE INC COM 172737108 47,641 621,700 SH SOLE 621,700
- -----------------------------------------------------------------------------------------------------------------------------------
CNA FINL CORP COM 126117100 13,673 352,300 SH SOLE 352,300
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 59,691 3,151,600 SH SOLE 3,151,600
- -----------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH BANCORP INC COM 20268X102 228 15,000 SH SOLE 15,000
- -----------------------------------------------------------------------------------------------------------------------------------
CONVERGYS CORP COM 212485106 33,952 1,982,000 SH SOLE 1,982,000
- -----------------------------------------------------------------------------------------------------------------------------------
DENTSPLY INTL INC NEW COM 249030107 7,503 322,700 SH SOLE 322,700
- -----------------------------------------------------------------------------------------------------------------------------------
DOLLAR GEN CORP COM 256669102 14,260 419,400 SH SOLE 419,400
- -----------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM 277461109 67,106 1,050,500 SH SOLE 1,050,500
- -----------------------------------------------------------------------------------------------------------------------------------
ENRON OIL & GAS CO COM 293562104 52,779 3,173,700 SH SOLE 3,173,700
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST AMER CORP TENN COM 318900107 1,844 50,000 SH SOLE 50,000
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST HEALTH GROUP CORP COM 320960107 10,736 668,500 SH SOLE 668,500
- -----------------------------------------------------------------------------------------------------------------------------------
FOAMEX INTL INC COM 344123104 493 87,500 SH SOLE 87,500
- -----------------------------------------------------------------------------------------------------------------------------------
GALILEO INTERNATIONAL INC COM 363547100 84,437 1,745,294 SH SOLE 1,745,294
- -----------------------------------------------------------------------------------------------------------------------------------
GARTNER GROUP INC NEW COM 366651107 38,575 1,709,900 SH SOLE 1,709,900
- -----------------------------------------------------------------------------------------------------------------------------------
GUCCI GROUP N V COM 401566104 48,381 601,000 SH SOLE 601,000
- -----------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP COM 421924101 5,364 516,800 SH SOLE 516,800
- -----------------------------------------------------------------------------------------------------------------------------------
HERMAN MILLER INC COM 600544100 639 35,000 SH SOLE 35,000
- -----------------------------------------------------------------------------------------------------------------------------------
HILTON HOTELS CORP COM 432848109 26,211 1,864,200 SH SOLE 1,864,200
- -----------------------------------------------------------------------------------------------------------------------------------
HOUSEHOLD INTL INC COM 441815107 28,874 632,782 SH SOLE 632,782
- -----------------------------------------------------------------------------------------------------------------------------------
IXC COMMUNICATIONS INC COM 450713102 12,388 270,000 SH SOLE 270,000
- -----------------------------------------------------------------------------------------------------------------------------------
JONES APPAREL GROUP INC COM 480074103 24,207 866,400 SH SOLE 866,400
- -----------------------------------------------------------------------------------------------------------------------------------
LEXMARK INTL GROUP INC COM 529771107 84,818 758,995 SH SOLE 758,995
- -----------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COM LIB GRP A 001957208 103,367 1,964,039 SH SOLE 1,964,039
- -----------------------------------------------------------------------------------------------------------------------------------
LO-JACK CORP COM 539451104 8,900 1,157,400 SH SOLE 1,157,400
- -----------------------------------------------------------------------------------------------------------------------------------
LOEWEN GROUP INC COM 54042L100 7,026 3,882,000 SH SOLE 3,882,000
- -----------------------------------------------------------------------------------------------------------------------------------
MALLINCKRODT INC NEW COM 561232109 20,979 787,800 SH SOLE 787,800
- -----------------------------------------------------------------------------------------------------------------------------------
MCDERMOTT INTL INC COM 580037109 6,178 244,100 SH SOLE 244,100
- -----------------------------------------------------------------------------------------------------------------------------------
MEDITRUST CORP COM 58501T306 16,479 1,324,657 SH SOLE 1,324,657
- -----------------------------------------------------------------------------------------------------------------------------------
MEDPARTERS INC NEW COM 58503X107 29,996 6,315,000 SH SOLE 6,315,000
- -----------------------------------------------------------------------------------------------------------------------------------
MERCURY GEN CORP NEW COM 589400100 12,323 353,300 SH SOLE 353,300
- -----------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP COM 607059102 66,282 753,200 SH SOLE 753,200
- -----------------------------------------------------------------------------------------------------------------------------------
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 35,197 1,473,900 SH SOLE 1,473,900
- -----------------------------------------------------------------------------------------------------------------------------------
NEWS CORP LTD COM 652487802 113,020 4,109,805 SH SOLE 4,109,805
- -----------------------------------------------------------------------------------------------------------------------------------
NINE WEST GROUP INC COM 65440D102 25,567 1,035,500 SH SOLE 1,035,500
- -----------------------------------------------------------------------------------------------------------------------------------
NOVELL INC COM 670006105 12,887 511,600 SH SOLE 511,600
- -----------------------------------------------------------------------------------------------------------------------------------
OFFICE DEPOT INC COM 676220106 1,671 45,400 SH SOLE 45,400
- -----------------------------------------------------------------------------------------------------------------------------------
OLD REP INTL CORP COM 680223104 11,945 654,500 SH SOLE 654,500
- -----------------------------------------------------------------------------------------------------------------------------------
ON COMMAND CORP COM 682160106 12,951 1,418,468 SH SOLE 1,418,468
- -----------------------------------------------------------------------------------------------------------------------------------
PARK PL ENTMT CORP COM 700690100 64,482 8,529,300 SH SOLE 8,529,300
- -----------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC COM 718154107 2,991 85,000 SH SOLE 85,000
- -----------------------------------------------------------------------------------------------------------------------------------
POGO PRODUCING CO COM 730448107 24,458 1,881,375 SH SOLE 1,881,375
- -----------------------------------------------------------------------------------------------------------------------------------
QUORUM HEALTH GROUP INC COM 749084109 9,723 972,300 SH SOLE 972,300
- -----------------------------------------------------------------------------------------------------------------------------------
REPUBLIC INDS INC COM 760516104 37,409 3,021,700 SH SOLE 3,021,700
- -----------------------------------------------------------------------------------------------------------------------------------
REPUBLIC SVCS INC COM 760759100 19,998 1,235,200 SH SOLE 1,235,200
- -----------------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO COM 761763101 16,877 351,600 SH SOLE 351,600
- -----------------------------------------------------------------------------------------------------------------------------------
RJR NABISCO HOLDINGS CORP COM 74960K876 12,470 498,800 SH SOLE 498,800
- -----------------------------------------------------------------------------------------------------------------------------------
ROSS STORES INC COM 778296103 32,306 737,400 SH SOLE 737,400
- -----------------------------------------------------------------------------------------------------------------------------------
RYDER SYS INC COM 783549108 86,598 3,134,200 SH SOLE 3,134,200
- -----------------------------------------------------------------------------------------------------------------------------------
SINCLAIR BROADCAST GROUP INC COM 829226109 2,897 199,000 SH SOLE 199,000
- -----------------------------------------------------------------------------------------------------------------------------------
ST JOE CO COM 790148100 38,136 1,572,600 SH SOLE 1,572,600
- -----------------------------------------------------------------------------------------------------------------------------------
STARWOOD HOTEL & PAIRED CTF 85590A203 35,874 1,256,100 SH SOLE 1,256,100
RESORTS WORLDWD TRUST
- -----------------------------------------------------------------------------------------------------------------------------------
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 28,432 1,019,800 SH SOLE 1,019,800
- -----------------------------------------------------------------------------------------------------------------------------------
TCF FINL CORP COM 872275102 4,178 160,700 SH SOLE 160,700
- -----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM 879868107 23,393 372,800 SH SOLE 372,800
- -----------------------------------------------------------------------------------------------------------------------------------
TENNECO INC NEW COM 88037E101 23,635 845,900 SH SOLE 845,900
- -----------------------------------------------------------------------------------------------------------------------------------
TJX CORP COS INC NEW COM 872540109 48,045 1,413,100 SH SOLE 1,413,100
- -----------------------------------------------------------------------------------------------------------------------------------
TOYS R US INC COM 892335100 10,615 564,300 SH SOLE 564,300
- -----------------------------------------------------------------------------------------------------------------------------------
TYCO INTL NEW COM 902124106 20,090 280,000 SH SOLE 280,000
- -----------------------------------------------------------------------------------------------------------------------------------
U S AIRWAYS GROUP INC COM 911905107 15,834 324,400 SH SOLE 324,400
- -----------------------------------------------------------------------------------------------------------------------------------
U.S. BANCORP DEL COM 902973106 19,792 581,100 SH SOLE 581,100
- -----------------------------------------------------------------------------------------------------------------------------------
UNION CARBIDE CORP COM 905581104 115,081 2,546,600 SH SOLE 2,546,600
- -----------------------------------------------------------------------------------------------------------------------------------
UNION PAC RES GROUP INC COM 907834105 7,855 661,200 SH SOLE 661,200
- -----------------------------------------------------------------------------------------------------------------------------------
UNITRIN INC COM 913275103 11,853 379,300 SH SOLE 379,300
- -----------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP COM 915289102 27,493 746,900 SH SOLE 746,900
- -----------------------------------------------------------------------------------------------------------------------------------
USA NETWORKS INC COM 902984103 55,660 1,554,300 SH SOLE 1,554,300
- -----------------------------------------------------------------------------------------------------------------------------------
VENATOR GROUP INC COM 922944103 18,415 2,608,400 SH SOLE 2,608,400
- -----------------------------------------------------------------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY INC COM 928298108 4,350 300,000 SH SOLE 300,000
- -----------------------------------------------------------------------------------------------------------------------------------
WALTER INDS INC COM 93317Q105 31,890 2,834,663 SH SOLE 2,834,663
- -----------------------------------------------------------------------------------------------------------------------------------
WARNACO GROUP INC CL A 934390105 15,863 642,500 SH SOLE 642,500
- -----------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT INC DEL COM 94106L109 80,051 1,803,752 SH SOLE 1,803,752
- -----------------------------------------------------------------------------------------------------------------------------------
WESTERN BANCORP COM 957683105 7,184 232,182 SH SOLE 232,182
- -----------------------------------------------------------------------------------------------------------------------------------
YOUNG BROADCASTING INC CL A 987434107 37,184 814,900 SH SOLE 814,900
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
