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, 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: 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 August 16, 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: 84 Form 13F Information Table Value Total: $3,267,748 (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/ PUT/ INVESTMENT OTHER Name Of Issuer Title Of Class CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---- ---------- ---- 99 Cents Only Stores Com 65440K106 15,250 1,000,000 SH OTHER 01/02 1,000,000 Aetna Inc Com 00817Y108 189,627 2,230,900 SH OTHER 01/02 2,230,900 Affiliated Computer Services CL A 008190100 152,324 2,877,300 SH Put OTHER 01/02 2,877,300 Albemarle Corp Com 012653101 25,285 798,900 SH OTHER 01/02 798,900 Aramark Corp CL B 038521100 103,418 3,595,899 SH OTHER 01/02 3,595,899 Aspen Insurance Holdings Ltd SHS G05384105 30,901 1,330,200 SH OTHER 01/02 1,330,200 Astoria Finl Corp Com 046265104 39,942 1,091,900 SH OTHER 01/02 1,091,900 Axis Capital Holdings SHS G0692U109 1,557 55,600 SH OTHER 01/02 55,600 Bank One Corp Com 06423A103 38,837 761,500 SH OTHER 01/02 761,500 Barrick Gold Corp Com 067901108 31,940 1,617,200 SH OTHER 01/02 1,617,200 Blockbuster Inc CL A 093679108 15,180 1,000,000 SH OTHER 01/02 1,000,000 CapitalSource Inc Com 14055X102 117,487 5,339,103 SH OTHER 01/02 5,339,103 Career Education Corp Com 141665109 51,647 1,133,610 SH OTHER 01/02 1,133,610 Career Education Corp Com 141665109 14,807 325,000 SH Call OTHER 01/02 325,000 Carnival Corp Paired CTF 143658300 44,650 950,000 SH OTHER 01/02 950,000 Cerner Corp Com 156782104 4,458 100,000 SH Put OTHER 01/02 100,000 ChoicePoint Inc Com 170388102 16,301 357,000 SH OTHER 01/02 357,000 Circuit City Store Inc Com 172737108 197,867 15,279,300 SH OTHER 01/02 15,279,300 Cisco Sys Inc Com 17275R102 1,185 50,000 SH OTHER 01/02 50,000 Citigroup Inc *W EXP 99/99/999 172967127 2,491 2,863,100 SH OTHER 01/02 2,863,100 Citigroup Inc Com 172967101 4,650 100,000 SH Call OTHER 01/02 100,000 Citizens Communications Co Com 17453B101 2,451 202,600 SH OTHER 01/02 202,600 City Investing Co Liq Tr UNIT BEN INT 177900107 1,121 586,900 SH OTHER 01/02 586,900 Cmgi Inc Com 125750109 195 100,000 SH OTHER 01/02 100,000 Comcast Corp CL A SPL 20030N200 87,259 3,160,417 SH OTHER 01/02 3,160,417 Comcast Corp CL A 20030N101 7,737 276,011 SH OTHER 01/02 276,011 Commerce Bancorp Inc NJ Com 200519106 22,615 411,100 SH Put OTHER 01/02 411,100 Commonwealth Tel Enterprises Com 203349105 24,141 539,232 SH OTHER 01/02 539,232 Cree Inc Com 225447101 1,621 70,000 SH Put OTHER 01/02 70,000 CV Therapeutics Inc Com 126667104 6,453 385,000 SH OTHER 01/02 385,000 Danaher Corp Com 235851102 3,630 70,000 SH Put OTHER 01/02 70,000 Davita Inc Com 23918K108 1,387 45,000 SH Put OTHER 01/02 45,000 DirecTV Group Inc Com 25459L106 183,542 10,733,424 SH OTHER 01/02 10,733,424 Disney Walt Co Com 254687106 385 15,100 SH Call OTHER 01/02 15,100 Dobson Communications Corp CL A 256069105 3,361 1,031,000 SH OTHER 01/02 1,031,000 Downey Finl Corp Com 261018105 32,701 614,100 SH OTHER 01/02 614,100 Du Pont EI De Nemours & Co Com 263534109 2,221 50,000 SH Call OTHER 01/02 50,000 Ebay Inc Com 278642103 2,299 25,000 SH Put OTHER 01/02 25,000 Echostar Communications CL A 278762109 3,075 100,000 SH Call OTHER 01/02 100,000 El Paso Elec Co Com 283677854 68,764 4,453,600 SH OTHER 01/02 4,453,600 Electronic Data Sys Com 285661104 19,150 1,000,000 SH OTHER 01/02 1,000,000 Federal Natl Mtg Assn Com 313586109 3,568 50,000 SH Call OTHER 01/02 50,000 General Elec Co Com 369604103 3,240 100,000 SH OTHER 01/02 100,000 General Elec Co Com 369604103 3,240 100,000 SH Call OTHER 01/02 100,000 Illinois Tool Wks Inc Com 452308109 9,589 100,000 SH Put OTHER 01/02 100,000 InteractiveCorp Com 45840Q101 904 30,000 SH OTHER 01/02 30,000 Intergraph Corp Com 458683109 30,617 1,183,950 SH OTHER 01/02 1,183,950 International Game Technology Com 459902102 2,702 70,000 SH Call OTHER 01/02 70,000 ITT Educational Services Inc Com 45068B109 56,460 1,485,018 SH OTHER 01/02 1,485,018 J P Morgan Chase & Co Com 46625H100 1,939 50,000 SH OTHER 01/02 50,000 Janus Cap Group Inc Com 47102X105 351,616 21,322,987 SH OTHER 01/02 21,322,987 King Pharmaceuticals Inc Com 495582108 7,355 642,400 SH OTHER 01/02 642,400 Knology Inc Com 499183804 5,140 1,034,289 SH OTHER 01/02 1,034,289 Laidlaw Intl Inc Com 50730R102 57,758 4,456,635 SH OTHER 01/02 4,456,635 Lodgian Inc Com Par $.01 54021P403 25,320 2,400,000 SH OTHER 01/02 2,400,000 Louisiana Pac Corp Com 546347105 12,028 508,600 SH OTHER 01/02 508,600 MCF Corp Com 580395101 10,900 5,000,000 SH OTHER 01/02 5,000,000 Medicines Co Com 584688105 6,930 227,144 SH OTHER 01/02 227,144 Microsoft Corp Com 594918104 5,284 185,000 SH Call OTHER 01/02 185,000 Mony Group Inc Com 615337102 68,375 2,184,500 SH OTHER 01/02 2,184,500

Natl Australia Bk Ltd Cap UTS Exchbl 632525309 8,865 250,000 SH OTHER 01/02 250,000 Neurocrine Biosciences Inc Com 64125C109 9,329 179,926 SH OTHER 01/02 179,926 News Corp Ltd SP ADR PFD 652487802 39,380 1,197,676 SH OTHER 01/02 1,197,676 Orthologic Corp Com 68750J107 4,508 520,000 SH OTHER 01/02 520,000 Owens Ill Inc Com 690768403 33,520 2,000,000 SH OTHER 01/02 2,000,000 Pactiv Corp Com 695257105 65,655 2,632,500 SH OTHER 01/02 2,632,500 PartnerRe Ltd Com G6852T105 40,460 713,200 SH OTHER 01/02 713,200 Penney J C Inc Com 708160106 26,432 700,000 SH OTHER 01/02 700,000 PF Changs China Bistro Inc Com 69333Y108 14,403 350,000 SH Put OTHER 01/02 350,000 Prudential Finl Inc Com 744320102 90,277 1,942,700 SH OTHER 01/02 1,942,700 Readers Digest Assn Inc Com 755267101 116,691 7,297,731 SH OTHER 01/02 7,297,731 Semiconductor HLDRS TR DEP RCPT 816636203 10,398 275,300 SH OTHER 01/02 275,300 Silicon Graphics Inc Com 827056102 29,952 13,614,600 SH OTHER 01/02 13,614,600 Smithfield Foods Inc Com 832248108 121,172 4,121,490 SH OTHER 01/02 4,121,490 Sothebys Hldgs Inc CL A 835898107 6,555 410,700 SH OTHER 01/02 410,700 Sybase Inc Com 871130100 16,369 909,400 SH OTHER 01/02 909,400 Time Warner Inc Com 887317105 140,192 7,974,500 SH OTHER 01/02 7,974,500 Trizec Properties Inc Com 89687P107 1,990 122,375 SH OTHER 01/02 122,375 Tyco Intl Ltd Com 902124106 3,314 100,000 SH Call OTHER 01/02 100,000 UnitedGlobalCom CL A 913247508 2,178 300,000 SH OTHER 01/02 300,000 Waddell & Reed Finl Inc CL A 930059100 89,759 4,059,645 SH OTHER 01/02 4,059,645 White Mtns Ins Group Ltd Com G9618E107 32,969 64,645 SH OTHER 01/02 64,645 Williams Cos Inc Com 969457100 68,504 5,756,600 SH OTHER 01/02 5,756,600 Xerox Corp Com 984121103 58,000 4,000,000 SH OTHER 01/02 4,000,000