13F-HR 1 d13fhr.txt FORM 13F 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: 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: 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: Kenneth H. Colburn Title: Chief Operating Officer Phone: 617-850-7500 Signature, Place and Date of Signing /s/ Kenneth H. Colburn Boston, Massachusetts November 15, 2004 ---------------------- 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: 90 Form 13F Information Table Value Total: $3,238,969 (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 ================================================================================

Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: ---VOTING AUTHORITY--- VALUE SHRS OR SH/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ---------------- --------- -------- ---------- --- -------- ---------- -------- ---- ---------- ------ 99 Cents Only Stores COM 65440K106 41,473 2,914,498 SH OTHER 01/02 2,914,498 Aetna Inc COM 00817Y108 25,482 255,000 SH OTHER 01/02 255,000 Affiliated Computer Services CL A 008190100 88,532 1,590,300 SH Put OTHER 01/02 1,590,300 Aramark Corp CL B 038521100 50,595 2,095,899 SH OTHER 01/02 2,095,899 Aspen Insurance Holdings Ltd SHS G05384105 30,760 1,336,800 SH OTHER 01/02 1,336,800 Astoria Finl Corp COM 046265104 38,752 1,091,900 SH OTHER 01/02 1,091,900 Autodesk Inc COM 052769106 1,459 30,000 SH Put OTHER 01/02 30,000 Barrick Gold Corp COM 067901108 34,026 1,617,200 SH OTHER 01/02 1,617,200 BEA Sys Inc COM 073325102 415 60,000 SH Call OTHER 01/02 60,000 CapitalSource Inc COM 14055X102 119,276 5,339,103 SH OTHER 01/02 5,339,103 Career Education Corp COM 141665109 42,179 1,483,610 SH OTHER 01/02 1,483,610 Carnival Corp Paired CTF 143658300 44,926 950,000 SH OTHER 01/02 950,000 Cerner Corp COM 156782104 1,082 25,000 SH Put OTHER 01/02 25,000 ChoicePoint Inc COM 170388102 15,226 357,000 SH OTHER 01/02 357,000 Circuit City Store Inc COM 172737108 234,384 15,279,300 SH OTHER 01/02 15,279,300 Cisco Sys Inc COM 17275R102 905 50,000 SH OTHER 01/02 50,000 Cisco Sys Inc COM 17275R102 1,810 100,000 SH Call OTHER 01/02 100,000 Citigroup Inc *W EXP 99/99/999 172967127 4,066 2,863,100 SH OTHER 01/02 2,863,100 City Investing Co Liq Tr Unit Ben Int 177900107 1,150 586,900 SH OTHER 01/02 586,900 Cmgi Inc COM 125750109 93 76,800 SH OTHER 01/02 76,800 Comcast Corp CL A SPL 20030N200 104,995 3,760,548 SH OTHER 01/02 3,760,548 Comcast Corp CL A 20030N101 16,238 575,011 SH OTHER 01/02 575,011 Commerce Bancorp Inc COM 200519106 2,401 43,500 SH Put OTHER 01/02 43,500 Commonwealth Tel Enterprises COM 203349105 23,484 539,232 SH OTHER 01/02 539,232 Cree Inc COM 225447101 4,605 150,841 SH OTHER 01/02 150,841 CV Therapeutics Inc COM 126667104 4,813 385,000 SH OTHER 01/02 385,000 DirecTV Group Inc COM 25459L106 188,801 10,733,424 SH OTHER 01/02 10,733,424 Dobson Communications Corp CL A 256069105 1,371 1,031,000 SH OTHER 01/02 1,031,000 Downey Finl Corp COM 261018105 33,751 614,100 SH OTHER 01/02 614,100 El Paso Elec Co COM 283677854 49,716 3,093,700 SH OTHER 01/02 3,093,700 Electronic Arts Inc COM 285512109 22,995 500,000 SH OTHER 01/02 500,000 Espeed Inc CL A 296643109 525 53,431 SH OTHER 01/02 53,431 Family Dlr Stores Inc COM 307000109 4,878 180,000 SH OTHER 01/02 180,000 Federal Natl Mtg Assn COM 313586109 2,853 45,000 SH OTHER 01/02 45,000 Federal Natl Mtg Assn COM 313586109 3,170 50,000 SH Call OTHER 01/02 50,000 IAC InteractiveCorp COM 44919P102 44,040 2,000,000 SH OTHER 01/02 2,000,000 Intel Corp COM 458140100 4,915 245,000 SH OTHER 01/02 245,000 Intergraph Corp COM 458683109 32,168 1,183,950 SH OTHER 01/02 1,183,950 International Game Technolog COM 459902102 129,472 3,601,451 SH OTHER 01/02 3,601,451 Intersil Corp CL A 46069S109 4,859 305,000 SH OTHER 01/02 305,000 ITT Educational Services Inc COM 45068B109 112,268 3,114,238 SH OTHER 01/02 3,114,238 Janus Cap Group Inc COM 47102X105 290,206 21,322,987 SH OTHER 01/02 21,322,987

JPMorgan & Chase Co COM 46625H100 21,064 530,178 SH OTHER 01/02 530,178 King Pharmaceuticals Inc COM 495582108 4,252 356,100 SH OTHER 01/02 356,100 Knology Inc COM 499183804 4,292 1,034,289 SH OTHER 01/02 1,034,289 Laidlaw Intl Inc COM 50730R102 69,990 4,254,735 SH OTHER 01/02 4,254,735 Linens N Things Inc COM 535679104 4,750 205,000 SH OTHER 01/02 205,000 Lodgian Inc COM Par $.01 54021P403 23,760 2,400,000 SH OTHER 01/02 2,400,000 Louisiana Pac Corp COM 546347105 3,240 124,865 SH OTHER 01/02 124,865 LSI Logic Corp COM 502161102 2,694 625,000 SH OTHER 01/02 625,000 MCF Corp COM 580395101 7,750 5,000,000 SH OTHER 01/02 5,000,000 Medicines Co COM 584688105 6,639 275,000 SH OTHER 01/02 275,000 Merrill Lynch & Co Inc COM 590188108 49,720 1,000,000 SH OTHER 01/02 1,000,000 Mony Group Inc COM 615337102 67,720 2,184,500 SH OTHER 01/02 2,184,500 National Australia Bk Ltd CAP UTS EXCHBL 632525309 8,480 250,000 SH OTHER 01/02 250,000 News Corp Ltd SP ADR PFD 652487802 37,523 1,197,676 SH OTHER 01/02 1,197,676 NVIDIA Corp COM 67066G104 8,717 600,316 SH OTHER 01/02 600,316 Oracle Corp COM 68389X105 5,358 475,000 SH OTHER 01/02 475,000 Orthologic Corp COM 68750J107 3,661 520,000 SH OTHER 01/02 520,000 Owens Ill Inc COM 690768403 36,874 2,304,600 SH OTHER 01/02 2,304,600 Pactiv Corp COM 695257105 61,206 2,632,500 SH OTHER 01/02 2,632,500 PartnerRe Ltd COM G6852T105 50,244 918,700 SH OTHER 01/02 918,700 Penney J C Inc COM 708160106 12,800 362,800 SH OTHER 01/02 362,800 Petro-CDA COM 71644E102 20,780 400,000 SH OTHER 01/02 400,000 PF Changs China Bistro Inc COM 69333Y108 17,107 352,800 SH Put OTHER 01/02 352,800 Prudential Finl Inc COM 744320102 91,385 1,942,700 SH OTHER 01/02 1,942,700 Readers Digest Assn Inc COM 755267101 106,474 7,297,731 SH OTHER 01/02 7,297,731 Red Hat Inc COM 756577AB8 1,224 100,000 SH Call OTHER 01/02 100,000 Royal Caribbean Cruises Ltd COM V7780T103 21,800 500,000 SH OTHER 01/02 500,000 Sears Roebuck & Co COM 812387108 32,992 827,900 SH OTHER 01/02 827,900 Semiconductor HLDRS TR DEP RCPT 816636203 2,416 80,000 SH OTHER 01/02 80,000 Shaw Group Inc COM 820280105 184 15,322 SH OTHER 01/02 15,322 Silicon Graphics Inc COM 827056102 19,469 13,614,600 SH OTHER 01/02 13,614,600 Smithfield Foods Inc COM 832248108 104,287 4,171,490 SH OTHER 01/02 4,171,490 Sothebys Hldgs Inc CL A 835898107 6,456 410,700 SH OTHER 01/02 410,700 SPDR TR Unit Ser 1 78462F103 4,470 40,000 SH OTHER 01/02 40,000 Sybase Inc COM 871130100 19,285 1,398,500 SH OTHER 01/02 1,398,500 Teradyne Inc COM 880770102 4,690 350,000 SH OTHER 01/02 350,000 Time Warner Inc COM 887317105 128,708 7,974,500 SH OTHER 01/02 7,974,500 Trizec Properties Inc COM 89687P107 1,954 122,375 SH OTHER 01/02 122,375 Tyco Intl Ltd COM 902124106 3,066 100,000 SH Call OTHER 01/02 100,000 UnitedGlobalCom CL A 913247508 2,241 300,000 SH OTHER 01/02 300,000 Unitedhealth Group Inc COM 91324P102 12,241 166,000 SH Put OTHER 01/02 166,000 Verizon Communications Inc COM 92343V104 3,938 100,000 SH Put OTHER 01/02 100,000 Waddell & Reed Finl Inc CL A 930059100 89,312 4,059,645 SH OTHER 01/02 4,059,645 Wellcare Health Plans Inc COM 94946T106 1,137 60,000 SH OTHER 01/02 60,000 White Mtns Ins Group Ltd COM G9618E107 30,584 58,145 SH OTHER 01/02 58,145 Williams Cos Inc COM 969457100 50,053 4,136,600 SH OTHER 01/02 4,136,600 Xerox Corp COM 984121103 56,320 4,000,000 SH OTHER 01/02 4,000,000 XTO Energy Inc COM 98385X106 56,548 1,741,000 SH OTHER 01/02 1,741,000