13F-HR 1 form13f-hr.txt 13F HOLDINGS REPORT 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, 2012 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, 59th Floor Boston, MA 02116 Form 13F File Number: 028-03499 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing this 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) 850-7500 Signature, Place, and Date of Signing: /s/ Joseph F. Mazzella Boston, Massachusetts November 14, 2012 ---------------------- --------------------- ----------------- [Signature] [City, State] [Date] 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: 1 Form 13F Information Table Entry Total: 83 Form 13F Information Table Value Total: 8,265,066 (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. No. Form 13F File Number Name --- -------------------- ---- 1 028-04629 Jonathon S. Jacobson FORM 13F INFORMATION TABLE

COL 1 COL 2 COL 3 COL 4 COL 5 COL 6 COL 7 COL 8 US $ SHARES VALUE OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- --------- --- ---- ------- ---------- --------- -------- -------- ADVANCE AUTO PARTS INC COM 00751Y106 61273 895282 SH OTHER 01 895282 0 0 AETNA INC NEW COM 00817Y108 91541 2311640 SH OTHER 01 2311640 0 0 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 14916 1199999 SH OTHER 01 1199999 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 6570 1000000 SH CALL OTHER 01 1000000 0 0 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 50880 2000000 SH OTHER 01 2000000 0 0 ANADARKO PETE CORP COM 032511107 337117 4821469 SH OTHER 01 4821469 0 0 ANADARKO PETE CORP COM 032511107 69920 1000000 SH CALL OTHER 01 1000000 0 0 AON PLC SHS CL A G0408V102 18197 348000 SH OTHER 01 348000 0 0 BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505104 16330 4626076 SH OTHER 01 4626076 0 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 9566 1000640 SH OTHER 01 1000640 0 0 BLACKROCK INC COM 09247X101 124440 697925 SH OTHER 01 697925 0 0 BP PLC SPONSORED ADR 055622104 63540 1500000 SH CALL OTHER 01 1500000 0 0 BP PLC SPONSORED ADR 055622104 29151 688180 SH OTHER 01 688180 0 0 CANADIAN NAT RES LTD COM 136385101 408099 13254261 SH OTHER 01 13254261 0 0 CARDINAL HEALTH INC COM 14149Y108 77940 2000000 SH OTHER 01 2000000 0 0 CARTER INC COM 146229109 176066 3270163 SH OTHER 01 3270163 0 0 CERNER CORP COM 156782104 11751 151800 SH PUT OTHER 01 151800 0 0 CERNER CORP COM 156782104 21040 271803 SH OTHER 01 271803 0 0 CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 127328 1696127 SH OTHER 01 1696127 0 0 CITIGROUP INC COM NEW 172967424 54173 1655650 SH OTHER 01 1655650 0 0 COCA COLA ENTERPRISES INC NE COM 19122T109 62540 2000000 SH OTHER 01 2000000 0 0 CORELOGIC INC COM 21871D103 163152 6149719 SH OTHER 01 6149719 0 0 DIRECTV COM 25490A309 553659 10553932 SH OTHER 01 10553932 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 632 20237 SH OTHER 01 20237 0 0 FORD MTR CO DEL *W EXP 01/01/201 345370860 35598 34561080 SH OTHER 01 34561080 0 0 GASLOG LTD SHS G37585109 22277 1923764 SH OTHER 01 1923764 0 0 GENCO SHIPPING & TRADING LTD SHS Y2685T107 1840 500000 SH CALL OTHER 01 500000 0 0 GENCO SHIPPING & TRADING LTD SHS Y2685T107 1841 500200 SH OTHER 01 500200 0 0 GENWORTH FINL INC COM CL A 37247D106 138689 26518040 SH OTHER 01 26518040 0 0 HERITAGE FINL GROUP INC COM 42726X102 493 37500 SH OTHER 01 37500 0 0 HESS CORP COM 42809H107 46742 870100 SH CALL OTHER 01 870100 0 0 HESS CORP COM 42809H107 136179 2534970 SH OTHER 01 2534970 0 0 HILLSHIRE BRANDS CO COM 432589109 12405 463207 SH OTHER 01 463207 0 0 HILLTOP HOLDINGS INC COM 432748101 22216 1747890 SH OTHER 01 1747890 0 0 HUMANA INC COM 444859102 70206 1000800 SH CALL OTHER 01 1000800 0 0 ILLUMINA INC COM 452327109 71718 1487917 SH OTHER 01 1487917 0 0 INGERSOLL-RAND PLC COM G47791101 215843 4815771 SH OTHER 01 4815771 0 0 INTERCONTINENTAL HTLS GRP PL SPONS ADR NEW 45857P301 525 20000 SH OTHER 01 20000 0 0 INVESCO LTD SHS G491BT108 368265 14736500 SH OTHER 01 14736500 0 0 IRON MTN INC COM 462846106 313248 9183478 SH OTHER 01 9183478 0 0 ISHARES TR RUSL 2000 GROW 464287648 80312 840000 SH OTHER 01 840000 0 0 ISHARES TR RUSSELL MIDCAP 464287499 18776 169500 SH OTHER 01 169500 0 0 KIMBERLY CLARK CORP COM 494368103 42890 500000 SH PUT OTHER 01 500000 0 0 KRAFT FOODS INC CL A 50075N104 85785 2074600 SH OTHER 01 2074600 0 0 LAZARD LTD SHS A G54050102 10433 356917 SH OTHER 01 356917 0 0 LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 73603 1482738 SH OTHER 01 1482738 0 0 LIBERTY INTERACTIVE CORP RIGHT 99/99/9999 53071M112 7882 582144 SH OTHER 01 582144 0 0 LOWES COS INC COM 548661107 95661 3163400 SH OTHER 01 3163400 0 0 MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 10419 10000000 PRN OTHER 01 10000000 0 0 MICHAEL KORS HLDGS LTD SHS G60754101 69134 1300000 SH CALL OTHER 01 1300000 0 0 MONSTER WORLDWIDE INC COM 611742107 14705 2006093 SH OTHER 01 2006093 0 0 JPMORGAN CHASE & CO COM 46625H100 419190 10355473 SH OTHER 01 10355473 0 0 MORGAN STANLEY COM NEW 617446448 83700 5000000 SH OTHER 01 5000000 0 0 NCR CORP NEW COM 62886E108 15618 670000 SH OTHER 01 670000 0 0 NEWS CORP CL A 65248E104 773610 31537300 SH OTHER 01 31537300 0 0 NORTHEAST BANCORP COM NEW 663904209 3014 317286 SH OTHER 01 317286 0 0 NRG ENERGY INC COM NEW 629377508 32085 1500000 SH CALL OTHER 01 1500000 0 0 NRG ENERGY INC COM NEW 629377508 14973 700000 SH OTHER 01 700000 0 0 OPKO HEALTH INC COM 68375N103 6688 1600000 SH OTHER 01 1600000 0 0 ORACLE CORP COM 68389X105 31490 1000000 SH CALL OTHER 01 1000000 0 0 ORACLE CORP COM 68389X105 136218 4325750 SH OTHER 01 4325750 0 0 PENNYMAC MTG INVT TR COM 70931T103 11685 500000 SH OTHER 01 500000 0 0 POST HLDGS INC COM 737446104 30393 1011083 SH OTHER 01 1011083 0 0 RALCORP HLDGS INC NEW COM 751028101 133183 1824423 SH OTHER 01 1824423 0 0 RED HAT INC COM 756577102 3092 54300 SH PUT OTHER 01 54300 0 0 SEAGATE TECHNOLOGY PLC COM G7945M107 101928 3288000 SH OTHER 01 3288000 0 0 SLM CORP COM 78442P106 719178 45749254 SH OTHER 01 45749254 0 0 SMITHFIELD FOODS INC COM 832248108 7958 405000 SH OTHER 01 405000 0 0 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 17922 133700 SH OTHER 01 133700 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 65082 452178 SH OTHER 01 452178 0 0 SYMETRA FINL CORP COM 87151Q106 51103 4154703 SH OTHER 01 4154703 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 47610 1149728 SH OTHER 01 1149728 0 0 WENDYS CO COM 95058W100 16119 3542547 SH OTHER 01 3542547 0 0 TIME WARNER CABLE INC COM 88732J207 186189 1958645 SH OTHER 01 1958645 0 0 UNITEDHEALTH GROUP INC COM 91324P102 130211 2349946 SH OTHER 01 2349946 0 0 VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 35070 840000 SH OTHER 01 840000 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 333818 7325400 SH PUT OTHER 01 7325400 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 21740 388558 SH OTHER 01 388558 0 0 VISTEON CORP COM NEW 92839U206 56953 1281000 SH OTHER 01 1281000 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 52833 1854100 SH OTHER 01 1854100 0 0 WILLIAMS COS INC DEL COM 969457100 13139 375714 SH OTHER 01 375714 0 0 WILLIAMS SONOMA INC COM 969904101 99944 2273000 SH OTHER 01 2273000 0 0 YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 95824 7371115 SH OTHER 01 7371115 0 0