13F-HR 1 d13fhr.txt HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Form 13F Cover Page INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER Report for the Calendar Year or Quarter Ended: June 30, 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: Highfields Capital Management LP Address: John Hancock Tower 200 Clarendon Street, 51st Floor Boston, MA 02116 -------------------------------------------------------------------------------- 13F File Number 28-3499 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: Joseph F. Mazzella Title: General Counsel Phone: 617-850-7520 Signature, Place and Date of Signing /s/ Joseph F. Mazzella Boston, Massachusetts August 15, 2005 -------------------------- ------------------------- ----------------- Report Type (Check only one.) [X] 13F Holdings Report [ ] 13F Notice [ ] 13F Combination Report List of other managers reporting for this manager: None Form 13F Summary Page Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 106 Form 13F Information Table Value Total: $5,621,668 (x 1000) List of Other Included Managers: 01 File Number 28-7618 Jonathon S. Jacobson 02 File Number 28-7616 Richard L. Grubman Highfields Capital Management LP, Mr. Jacobson and Mr. Grubman share investment discretion with respect to the reported securities. ================================================================================ FORM 13F Page 2 of 4 Name of Reporting Manager: Highfields Capital Management LP ================================================================================ Preliminary Report 13 F Report as of June 30, 2005

----------------------------------------------------------------------------------------------------------------------------------- Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -------------------- Name Of Issuer Title Of Class CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- Aetna Inc COM 00817Y108 4,969 60,000 SH PUT OTHER 01/02 60,000 AK Stl Hldg Corp COM 001547108 833 130,000 SH OTHER 01/02 130,000 Alamosa Hldgs Inc COM 011589108 30,028 2,160,267 SH OTHER 01/02 2,160,267 American Intl Group Inc COM 026874107 4,648 80,000 SH CALL OTHER 01/02 80,000 Apple Computer Inc COM 037833100 1,841 50,000 SH PUT OTHER 01/02 50,000 Applied Matls Inc COM 038222105 1,133 70,000 SH OTHER 01/02 70,000 Aramark Corp CL B 038521100 55,332 2,095,899 SH OTHER 01/02 2,095,899 Aspen Insurance Holdings Ltd SHS G05384105 30,718 1,114,600 SH OTHER 01/02 1,114,600 Astoria Finl Corp COM 046265104 25,277 887,849 SH OTHER 01/02 887,849 AT&T Corp COM NEW 001957505 41,058 2,156,400 SH OTHER 01/02 2,156,400 AT&T Corp COM NEW 001957505 16,716 1,052,000 SH CALL OTHER 01/02 1,052,000 Automatic Data Processing COM 053015103 1,679 40,000 SH OTHER 01/02 40,000 Bank of America Corporation COM 060505104 27,389 600,500 SH OTHER 01/02 600,500 BearingPoint Inc COM 074002106 733 100,000 SH OTHER 01/02 100,000 Burlington Res Inc COM 122014103 123,671 2,238,800 SH OTHER 01/02 2,238,800 Cablevision Sys Corp CL A NY CABLVS 12686C109 6,440 200,000 SH CALL OTHER 01/02 200,000 Cablevision Sys Corp CL A NY CABLVS 12686C109 6,440 200,000 SH PUT OTHER 01/02 200,000 Canadian Nat Res Ltd COM 136385101 133,409 3,667,100 SH OTHER 01/02 3,667,100 CapitalSource Inc COM 14055X102 63,054 3,212,103 SH OTHER 01/02 3,212,103 Celanese Corp COM SER A 150870103 40,133 2,525,700 SH OTHER 01/02 2,525,700 Cerner Corp COM 156782104 62,682 922,200 SH PUT OTHER 01/02 922,200 Circuit City Store Inc COM 172737108 223,347 12,917,716 SH OTHER 01/02 12,917,716 Citigroup Inc COM 172967101 26,508 573,404 SH OTHER 01/02 573,404 City Investing Co Liq Tr UNIT BEN INT 177900107 1,121 586,900 SH OTHER 01/02 586,900 Comcast Corp CL A SPL 20030N200 109,633 3,660,548 SH OTHER 01/02 3,660,548 Comcast Corp CL A 20030N101 17,653 575,011 SH OTHER 01/02 575,011 Corinthian Colleges Inc COM 218868107 639 50,000 SH OTHER 01/02 50,000 Danaher Corp COM 235851102 2,094 40,000 SH PUT OTHER 01/02 40,000 Del Monte Foods Co COM 24522P103 21,540 2,000,000 SH OTHER 01/02 2,000,000 Devon Energy Corp COM 25179M103 99,459 1,962,495 SH OTHER 01/02 1,962,495 DirecTV Group Inc COM 25459L106 305,681 19,721,324 SH OTHER 01/02 19,721,324 Elan PLC ADR 284131208 1,364 200,000 SH CALL OTHER 01/02 200,000 Exxon Mobil Corp COM 30231G102 4,023 70,000 SH OTHER 01/02 70,000 Federal Home Loan Mtg Corp COM 313400301 65,230 1,000,000 SH OTHER 01/02 1,000,000 Gateway Inc COM 367626108 244 74,000 SH OTHER 01/02 74,000 Google Inc CL A 38259P508 7,354 25,000 SH PUT OTHER 01/02 25,000 Guidant Corp COM 401698105 2,692 40,000 SH OTHER 01/02 40,000 Harrahs Entmt Inc COM 413619107 95,954 1,331,400 SH OTHER 01/02 1,331,400 Hudson City Bancorp COM 443683107 87,991 7,711,768 SH OTHER 01/02 7,711,768 IAC InteractiveCorp COM 44919P102 49,303 2,050,000 SH OTHER 01/02 2,050,000 IDX Sys Corp COM 449491109 33,733 1,119,200 SH OTHER 01/02 1,119,200 Intergraph Corp COM 458683109 40,799 1,183,950 SH OTHER 01/02 1,183,950 International Business Machs COM 459200101 3,710 50,000 SH CALL OTHER 01/02 50,000 International Game Tech COM 459902102 124,675 4,428,951 SH OTHER 01/02 4,428,951 Ishares TR 20+YR TRS BD 464287432 4,835 50,000 SH PUT OTHER 01/02 50,000 ITT Educational Services Inc COM 45068B109 98,902 1,851,410 SH OTHER 01/02 1,851,410 Janus Cap Group Inc COM 47102X105 330,880 22,000,000 SH OTHER 01/02 22,000,000 JPMorgan Chase & Co COM 46625H100 127,370 3,606,178 SH OTHER 01/02 3,606,178 Kerr McGee Corp COM 492386107 101,275 1,327,155 SH OTHER 01/02 1,327,155 Kerr McGee Corp COM 492386107 14,880 195,000 SH PUT OTHER 01/02 195,000 Knology Inc COM 499183804 2,017 1,034,289 SH OTHER 01/02 1,034,289 Leapfrog Enterprises Inc CL A 52186N106 4,609 407,900 SH OTHER 01/02 407,900 Legg Mason Inc COM 524901105 3,123 30,000 SH PUT OTHER 01/02 30,000 Level 3 Communications Inc COM 52729N100 711 350,000 SH OTHER 01/02 350,000 Lodgian Inc COM PAR $.01 54021P403 18,124 1,764,800 SH OTHER 01/02 1,764,800 Lucent Technologies Inc COM 549463107 1,164 400,000 SH OTHER 01/02 400,000 Lyondell Chemical Co COM 552078107 13,210 500,000 SH OTHER 01/02 500,000 MCF Corp COM 580395101 7,800 6,500,000 SH OTHER 01/02 6,500,000 McKesson Corp COM 58155Q103 103,129 2,302,500 SH OTHER 01/02 2,302,500 Medicines Co COM 584688105 3,216 137,500 SH OTHER 01/02 137,500 Merrill Lynch & Co Inc COM 590188108 47,859 870,000 SH OTHER 01/02 870,000 Microsoft Corp COM 594918104 3,229 130,000 SH OTHER 01/02 130,000 Morgan Stanley COM NEW 617446448 282,000 5,374,500 SH OTHER 01/02 5,374,500 Nasdaq 100 TR UNIT SER 1 631100104 3,682 100,000 SH OTHER 01/02 100,000 National Australia Bk Ltd CAP UTS EXCHBL 632525309 9,750 250,000 SH OTHER 01/02 250,000 News Corp CL B 65248E203 9,610 570,000 SH OTHER 01/02 570,000 News Corp CL A 65248E104 61,894 3,825,352 SH OTHER 01/02 3,825,352 Nextel Communications Inc CL A 65332V103 16,155 500,000 SH OTHER 01/02 500,000 Nextel Communications Inc CL A 65332V103 16,155 500,000 SH CALL OTHER 01/02 500,000 Nortel Networks Corp COM 656568102 522 200,000 SH OTHER 01/02 200,000 Novelis Inc COM 67000X106 77,353 3,012,200 SH OTHER 01/02 3,012,200 Novell Inc COM 670006105 620 100,000 SH OTHER 01/02 100,000 Office Depot Inc COM 676220106 93,509 4,094,100 SH OTHER 01/02 4,094,100 OfficeMax Inc COM 67622P101 47,054 1,580,588 SH OTHER 01/02 1,580,588 Orthologic Corp COM 68750J107 1,006 260,000 SH OTHER 01/02 260,000 Pactiv Corp COM 695257105 64,226 2,976,200 SH OTHER 01/02 2,976,200 PartnerRe Ltd COM G6852T105 46,878 727,700 SH OTHER 01/02 727,700 PF Changs China Bistro Inc COM 69333Y108 2,412 40,900 SH PUT OTHER 01/02 40,900 Pioneer Nat Res Co COM 723787107 550,403 13,079,911 SH OTHER 01/02 13,079,911 Potash Corp Sask Inc COM 73755L107 2,867 30,000 SH PUT OTHER 01/02 30,000 Precision Drilling Corp COM 74022D100 20,462 518,300 SH OTHER 01/02 518,300 Prudential Finl Inc COM 744320102 107,860 1,642,700 SH OTHER 01/02 1,642,700 RCN Corp COM NEW 749361200 19,633 850,300 SH OTHER 01/02 850,300 Readers Digest Assn Inc COM 755267101 103,913 6,297,731 SH OTHER 01/02 6,297,731 Sappi Ltd SPON ADR NEW 803069202 6,511 601,800 SH OTHER 01/02 601,800 Sears Hldgs Corp COM 812350106 2,997 20,000 SH CALL OTHER 01/02 20,000 Siebel Sys Inc COM 826170102 890 100,000 SH OTHER 01/02 100,000 Silicon Graphics Inc COM 827056102 7,541 10,621,500 SH OTHER 01/02 10,621,500 Smithfield Foods Inc COM 832248108 61,431 2,252,700 SH OTHER 01/02 2,252,700 Sprint Corp COM FON 852061100 66,494 2,650,200 SH OTHER 01/02 2,650,200 Sun Microsystems Inc COM 866810104 951 255,000 SH OTHER 01/02 255,000 Suncor Energy Inc COM 867229106 18,549 392,000 SH OTHER 01/02 392,000 Teekay Shipping Marshall Isl COM Y8564W103 68,133 1,552,000 SH OTHER 01/02 1,552,000 Temple Inland Inc COM 879868107 111,621 3,004,600 SH OTHER 01/02 3,004,600 Teradyne Inc SDCV 3.750% 10/1 880770AD4 23,807 24,200,000 PRN OTHER 01/02 24,200,000 Time Warner Inc COM 887317105 133,254 7,974,500 SH OTHER 01/02 7,974,500 Tyco Intl Ltd COM 902124106 2,920 100,000 SH CALL OTHER 01/02 100,000 USA Mobility Inc COM 90341G103 14,680 500,000 SH OTHER 01/02 500,000 Viacom Inc CL B 925524308 807 25,200 SH CALL OTHER 01/02 25,200 Wachovia Corp COM 929903102 25,346 511,000 SH OTHER 01/02 511,000 Waddell & Reed Finl Inc CL A 930059100 75,473 4,079,645 SH OTHER 01/02 4,079,645 Wendys Intl Inc COM 950590109 418,114 8,774,700 SH OTHER 01/02 8,774,700 White Mtns Ins Group Ltd COM G9618E107 1,388 2,200 SH OTHER 01/02 2,200 Xerox Corp COM 984121103 86,193 6,250,369 SH OTHER 01/02 6,250,369 XTO Energy Inc COM 98385X106 65,954 1,940,394 SH OTHER 01/02 1,940,394 Yahoo Inc COM 984332106 1,386 40,000 SH OTHER 01/02 40,000