13F-HR 1 d13fhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: June 30, 2007 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: 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 14, 2007 ------------------------ ------------------------ ------------------------ 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 of this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) 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: 112 Form 13F Information Table Value Total: $11,135,883 (x 1000) List of Other Included Managers: Provide a numbered list of 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 --- -------------------- -------------------- 01 File Number 28-7618 Jonathon S. Jacobson 02 File Number 28-7616 Richard L. Grubman 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 -------------- --------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- Abington Cmnty Bancorp Inc COM 00350R106 4,775 500,000 SH OTHER 01/02 500,000 Advanced Micro Devices Inc COM 007903107 2,721 190,250 SH OTHER 01/02 190,250 Aldabra 2 Acquisition Corp UNIT 99/99/9999 01408A202 6,858 650,000 SH OTHER 01/02 650,000 Allstate Corp COM 020002101 9,965 162,000 SH OTHER 01/02 162,000 Altria Group COM 02209S103 46,200 658,685 SH OTHER 01/02 658,685 American Standard Cos Inc COM 029712106 26,659 452,000 SH OTHER 01/02 452,000 Anadarko Petroleum Corp COM 032511107 20,796 400,000 SH OTHER 01/02 400,000 AnnTaylor Stores Corp COM 036115103 153,400 4,330,886 SH OTHER 01/02 4,330,886 Archstone-Smith Trust COM 039583109 739 12,500 SH PUT OTHER 01/02 12,500 Avaya Inc COM 053499109 25,942 1,540,510 SH OTHER 01/02 1,540,510 B & G Foods Inc CL A 05508R106 4,620 350,000 SH OTHER 01/02 350,000 BEA Systems Inc COM 073325102 821 60,000 SH OTHER 01/02 60,000 Bear Stearns Cos Inc COM 073902108 21,000 150,000 SH CALL OTHER 01/02 150,000 Bear Stearns Cos Inc COM 073902108 245,956 1,756,826 SH OTHER 01/02 1,756,826 Bearingpoint Inc COM 074002106 731 100,000 SH OTHER 01/02 100,000 Berkshire Hathaway Inc CL A 084670108 107,286 980 SH OTHER 01/02 980 BlackRock Inc COM 09247X101 371,676 2,373,560 SH OTHER 01/02 2,373,560 Borders Group Inc COM 099709107 13,342 700,000 SH OTHER 01/02 700,000 Boston Scientific Corp COM 101137107 242,349 15,798,500 SH OTHER 01/02 15,798,500 Canadian Nat Resources Ltd COM 136385101 166,120 2,503,700 SH OTHER 01/02 2,503,700 Carmax Inc COM 143130102 1,520 59,600 SH OTHER 01/02 59,600 Centex Corp COM 152312104 15,439 385,000 SH OTHER 01/02 385,000 Citigroup Inc COM 172967101 5,642 110,000 SH OTHER 01/02 110,000 Clear Channel Communications COM 184502102 939,993 24,854,400 SH OTHER 01/02 24,854,400 Cognizant Technology Solutions CL A 192446102 6,758 90,000 SH OTHER 01/02 90,000 Comcast Corp CL A SPL 20030N200 337,399 12,067,218 SH OTHER 01/02 12,067,218 Comcast Corp CL A 20030N101 39,032 1,388,043 SH OTHER 01/02 1,388,043 Commerce Bancorp Inc COM 200519106 2,034 55,000 SH PUT OTHER 01/02 55,000 ConocoPhillips COM 20825C104 252,482 3,216,327 SH OTHER 01/02 3,216,327 Crocs Inc COM 227046109 2,150 50,000 SH PUT OTHER 01/02 50,000 CVS Caremark Corp COM 126650100 407,134 11,169,668 SH OTHER 01/02 11,169,668 Cytyc Corp COM 232946103 32,333 750,000 SH OTHER 01/02 750,000 Dean Foods Co COM 242370104 110,076 3,453,900 SH OTHER 01/02 3,453,900 Dell Inc COM 24702R101 103,819 3,636,400 SH OTHER 01/02 3,636,400 Discover Financial Services COM 254709108 30,509 1,070,500 SH OTHER 01/02 1,070,500 Dollar General Corp COM 256669102 21,920 1,000,000 SH OTHER 01/02 1,000,000 Dow Chemical Co COM 260543103 3,847 87,000 SH OTHER 01/02 87,000 Dow Jones & Co Inc COM 260561105 133,382 2,321,702 SH OTHER 01/02 2,321,702 Downey Financial Corp COM 261018105 84,830 1,285,700 SH OTHER 01/02 1,285,700 Eldorado Gold Corp COM 284902103 583 100,000 SH OTHER 01/02 100,000 Embarq Corp COM 29078E105 10,021 158,131 SH OTHER 01/02 158,131 EMC Corp COM 268648102 19,946 1,102,000 SH OTHER 01/02 1,102,000 Employers Holdings Inc COM 292218104 12,893 607,000 SH OTHER 01/02 607,000 EnCana Corp COM 292505104 208,195 3,388,038 SH OTHER 01/02 3,388,038 EnCana Corp COM 292505104 6,145 100,000 SH CALL OTHER 01/02 100,000 FiberTower Corp COM 31567R100 250 57,635 SH OTHER 01/02 57,635 Fidelity Natl Information Svcs COM 31620M106 163,345 3,009,300 SH OTHER 01/02 3,009,300 First American Corp COM 318522307 463,641 9,366,479 SH OTHER 01/02 9,366,479 First Data Corp COM 319963104 1,634 50,000 SH OTHER 01/02 50,000 Foundation Coal Holdings Inc COM 35039W100 11,176 275,000 SH OTHER 01/02 275,000 Federal Home Ln Mtg Corp COM 313400301 180,891 2,980,080 SH OTHER 01/02 2,980,080 GAP Inc COM 364760108 201,577 10,553,744 SH OTHER 01/02 10,553,744 General Electric Co COM 369604103 24,384 637,000 SH OTHER 01/02 637,000 GlobalSantaFe Corp COM G3930E101 108,375 1,500,000 SH CALL OTHER 01/02 1,500,000 Harrahs Entmt Inc COM 413619107 255,817 3,000,429 SH OTHER 01/02 3,000,429

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 -------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- HealthSouth Corp COM NEW 421924309 113,189 6,250,079 SH OTHER 01/02 6,250,079 Intl Game Technology COM 459902102 39,700 1,000,000 SH OTHER 01/02 1,000,000 Ishares RUSSELL 2000 464287655 792,268 9,550,000 SH PUT OTHER 01/02 9,550,000 Janus Capital Group Inc COM 47102X105 123,372 4,431,481 SH OTHER 01/02 4,431,481 Kinross Gold Corp COM NO PAR 496902404 201,160 17,222,599 SH OTHER 01/02 17,222,599 Knology Inc COM 499183804 18,222 1,049,039 SH OTHER 01/02 1,049,039 Kraft Foods Inc CL A 50075N104 12,485 354,178 SH OTHER 01/02 354,178 Kroger Co COM 501044101 2,532 90,000 SH OTHER 01/02 90,000 Limited Brands Inc COM 532716107 63,204 2,302,500 SH OTHER 01/02 2,302,500 Marathon Acquisition Corp COM 565756103 332 42,163 SH OTHER 01/02 42,163 McClatchy Co CL A 579489105 68,162 2,693,104 SH OTHER 01/02 2,693,104 MCF Corp COM NEW 580395309 5,109 1,017,860 SH OTHER 01/02 1,017,860 Merrill Lynch & Co Inc COM 590188108 37,193 445,000 SH OTHER 01/02 445,000 MGM Mirage COM 552953101 298,628 3,620,606 SH OTHER 01/02 3,620,606 Microsoft Corp COM 594918104 174,875 5,934,000 SH OTHER 01/02 5,934,000 Motorola Inc COM 620076109 407,421 23,018,143 SH OTHER 01/02 23,018,143 National Coal Corp COM NEW 632381208 2,532 516,812 SH OTHER 01/02 516,812 New York Times Co CL A 650111107 46,609 1,835,000 SH OTHER 01/02 1,835,000 Newmont Mining Corp COM 651639106 30,447 779,500 SH OTHER 01/02 779,500 News Corporation Ltd CL A 65248E104 137,342 6,475,352 SH OTHER 01/02 6,475,352 Nortel Networks Corp COM NEW 656568508 9,105 378,580 SH OTHER 01/02 378,580 NTR Acquisition Co COM 629415100 22,719 2,399,000 SH OTHER 01/02 2,399,000 NTR Acquisition Co *W EXP 06/28/201 629415118 1,587 1,259,800 SH OTHER 01/02 1,259,800 Nuveen Investments Inc CL A 67090F106 62,150 1,000,000 SH OTHER 01/02 1,000,000 Office Depot Inc COM 676220106 75,838 2,502,900 SH OTHER 01/02 2,502,900 Optimal Group Inc CL A NEW 68388R208 683 90,500 SH OTHER 01/02 90,500 Peoples United Financial Inc COM 712704105 8,156 460,001 SH OTHER 01/02 460,001 PetSmart Inc COM 716768106 78,858 2,430,137 SH OTHER 01/02 2,430,137 PNC Finl Svcs Group Inc COM 693475105 51,896 725,000 SH OTHER 01/02 725,000 Pulte Homes Inc COM 745867101 21,984 979,230 SH OTHER 01/02 979,230 Qualcomm Inc COM 747525103 396,424 9,136,303 SH OTHER 01/02 9,136,303 Rockwood Holdings Inc COM 774415103 59,266 1,621,500 SH OTHER 01/02 1,621,500 SLM Corp COM 78442P106 253,778 4,407,400 SH OTHER 01/02 4,407,400 SLM Corp COM 78442P106 2,015 35,000 SH CALL OTHER 01/02 35,000 Smithfield Foods Inc COM 832248108 27,963 908,200 SH OTHER 01/02 908,200 Soc Quimica Minera Chile SPON ADR SER B 833635105 58,941 342,600 SH OTHER 01/02 342,600 Sovereign Bancorp Inc COM 845905108 104,105 4,924,544 SH OTHER 01/02 4,924,544 Sprint Nextel Corp COM FON 852061100 132,807 6,412,700 SH OTHER 01/02 6,412,700 SRA International Inc CL A 78464R105 16,411 649,686 SH OTHER 01/02 649,686 Standard Pacific Corp COM 85375C101 43,835 2,500,563 SH OTHER 01/02 2,500,563 State Street Corp COM 857477103 213,319 3,118,694 SH OTHER 01/02 3,118,694 Station Casinos Inc COM 857689103 449,615 5,179,900 SH OTHER 01/02 5,179,900 Sun Microsystems Inc COM 866810104 1,315 250,000 SH OTHER 01/02 250,000 Suncor Energy COM 867229106 51,470 572,400 SH OTHER 01/02 572,400 Tailwind Financial Inc UNIT 99/99/9999 874023203 2,120 250,000 SH OTHER 01/02 250,000 Tailwind Financial Inc *W EXP 04/11/201 874023112 961 971,100 SH OTHER 01/02 971,100 Tiffany & Co COM 886547108 74,836 1,410,400 SH OTHER 01/02 1,410,400 Time Warner Cable CL A 88732J108 165,786 4,232,470 SH OTHER 01/02 4,232,470 TreeHouse Foods Inc COM 89469A104 51,379 1,930,832 SH OTHER 01/02 1,930,832 TXU Corp COM 873168108 23,791 353,500 SH CALL OTHER 01/02 353,500 United States Steel Corp COM 912909108 2,175 20,000 SH OTHER 01/02 20,000 UTI Worldwide Inc ORD G87210903 18,753 700,000 SH OTHER 01/02 700,000 Venoco Inc COM 92275P307 18,756 1,004,600 SH OTHER 01/02 1,004,600 Wal-Mart Stores Inc COM 931142103 104,399 2,170,000 SH OTHER 01/02 2,170,000 Warner Music Group Corp COM 934550104 7,514 520,000 SH OTHER 01/02 520,000 Wendys Intl Inc COM 950590109 270,597 7,363,197 SH OTHER 01/02 7,363,197 Yahoo Inc COM 984332106 4,666 172,000 SH OTHER 01/02 172,000