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, 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 November 14, 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: 113 Form 13F Information Table Value Total: $6,065,695 (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 =============================================================================== 13 F Report as of September 30, 2005

Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: --VOTING AUTHORITY-- NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------------- --------- -------- ---------- ---- ---- ---------- -------- ------------------- Advanced Micro Devices Inc COM 007903107 50,400 2,000,000 SH OTHER 01/02 2,000,000 Altria Group Inc COM 02209S103 110,565 1,500,000 SH OTHER 01/02 1,500,000 American Intl Group Inc COM 026874107 30,980 500,000 SH PUT OTHER 01/02 500,000 Anadarko Pete Corp COM 032511107 34,949 365,000 SH OTHER 01/02 365,000 Andrew Corp COM 034425108 1,808 162,143 SH OTHER 01/02 162,143 Aramark Corp CL B 038521100 55,981 2,095,899 SH OTHER 01/02 2,095,899 Aspen Insurance Holdings Ltd SHS G05384105 33,882 1,146,600 SH OTHER 01/02 1,146,600 Astoria Finl Corp COM 046265104 23,457 887,849 SH OTHER 01/02 887,849 AT&T Corp COM NEW 001957505 42,697 2,156,400 SH OTHER 01/02 2,156,400 Bank of America Corp COM 060505104 29,491 700,500 SH OTHER 01/02 700,500 Bear Stearns Cos Inc COM 073902108 2,195 20,000 SH CALL OTHER 01/02 20,000 Bema Gold Corp COM 08135F107 4,119 1,531,400 SH OTHER 01/02 1,531,400 Blyth Inc COM 09643P108 2,905 130,321 SH OTHER 01/02 130,321 Burlington Res Inc COM 122014103 82,036 1,008,800 SH OTHER 01/02 1,008,800 CapitalSource Inc COM 14055X102 36,234 1,662,103 SH OTHER 01/02 1,662,103 Celanese Corp COM SER A 150870103 40,981 2,375,700 SH OTHER 01/02 2,375,700 Cerner Corp COM 156782104 47,203 543,000 SH PUT OTHER 01/02 543,000 Chevron Corp COM 166764100 32,041 495,000 SH OTHER 01/02 495,000 Circuit City Store Inc COM 172737108 203,942 11,884,716 SH OTHER 01/02 11,884,716 Cisco Sys Inc COM 17275R102 3,586 200,000 SH OTHER 01/02 200,000 Citigroup Inc COM 172967101 26,101 573,404 SH OTHER 01/02 573,404 City Investing Co Liq Tr UNIT BEN INT 177900107 82 586,900 SH OTHER 01/02 586,900 Comcast Corp CL A SPL 20030N200 105,351 3,660,548 SH OTHER 01/02 3,660,548 Comcast Corp CL A 20030N101 16,894 575,011 SH OTHER 01/02 575,011 Commerce Bancorp Inc COM 200519106 3,928 128,000 SH PUT OTHER 01/02 128,000 ConocoPhillips COM 20825C104 25,168 360,000 SH OTHER 01/02 360,000 Del Monte Foods Co COM 24522P103 21,460 2,000,000 SH OTHER 01/02 2,000,000 Devon Energy Corp COM 25179M103 134,706 1,962,495 SH OTHER 01/02 1,962,495 DirecTV Group Inc COM 25459L106 295,425 19,721,324 SH OTHER 01/02 19,721,324 Du Pont EI De Nemours & Co COM 263534109 2,350 60,000 SH OTHER 01/02 60,000 Elan PLC ADR 284131208 1,772 200,000 SH CALL OTHER 01/02 200,000 EMC Corp COM 268648102 906 70,000 SH OTHER 01/02 70,000 Expedia Inc COM 30212P105 4,139 208,949 SH OTHER 01/02 208,949 Exxon Mobil Corp COM 30231G102 56,360 887,000 SH OTHER 01/02 887,000 Exxon Mobil Corp COM 30231G102 3,177 50,000 SH CALL OTHER 01/02 50,000 Family Dlr Stores Inc COM 307000109 3,020 152,000 SH OTHER 01/02 152,000 Federal Home Ln Mtg Corp COM 313400301 147,394 2,610,600 SH OTHER 01/02 2,610,600 Finish Line Inc CL A 317923100 1,313 90,000 SH OTHER 01/02 90,000 Ford Mtr Co COM PAR $0.01 345370860 1,479 150,000 SH OTHER 01/02 150,000 Freds Inc CL A 356108100 2,990 239,000 SH OTHER 01/02 239,000 Furniture Brands Intl Inc COM 360921100 2,524 140,000 SH OTHER 01/02 140,000 GAP Inc COM 364760108 1,830 105,000 SH OTHER 01/02 105,000 Gateway Inc COM 367626108 459 170,000 SH OTHER 01/02 170,000 Georgia Pac Corp COM 373298108 83,498 2,451,500 SH OTHER 01/02 2,451,500 Harrahs Entmt Inc COM 413619107 86,794 1,331,400 SH OTHER 01/02 1,331,400 Hudson City Bancorp COM 443683107 91,770 7,711,768 SH OTHER 01/02 7,711,768 Human Genome Sciences Inc COM 444903108 1,359 100,000 SH OTHER 01/02 100,000 IAC InteractiveCorp COM NEW 44919P300 5,297 208,949 SH OTHER 01/02 208,949 IDX Sys Corp COM 449491109 48,327 1,119,200 SH OTHER 01/02 1,119,200 Inco Ltd COM 453258402 63,359 1,338,100 SH OTHER 01/02 1,338,100 International Game Tech COM 459902102 117,962 4,368,951 SH OTHER 01/02 4,368,951 IShares Inc MSCI JAPAN 464286848 1,219 100,000 SH OTHER 01/02 100,000 ITT Educational Services Inc COM 45068B109 101,237 2,051,410 SH OTHER 01/02 2,051,410 Janus Cap Group Inc COM 47102X105 317,900 22,000,000 SH OTHER 01/02 22,000,000 JPMorgan Chase & Co COM 46625H100 122,358 3,606,178 SH OTHER 01/02 3,606,178 K2 Inc COM 482732104 1,591 139,600 SH OTHER 01/02 139,600 Keane Inc COM 486665102 2,572 225,000 SH OTHER 01/02 225,000 Kellwood Co COM 488044108 2,999 116,000 SH OTHER 01/02 116,000 Kerr McGee Corp COM 492386107 128,880 1,327,155 SH OTHER 01/02 1,327,155 Knology Inc COM 499183804 2,720 1,034,289 SH OTHER 01/02 1,034,289 Leggett & Platt Inc COM 524660107 2,990 148,000 SH OTHER 01/02 148,000 Legg Mason Inc COM 524901105 3,291 30,000 SH PUT OTHER 01/02 30,000 Level 3 Communications Inc COM 52729N100 812 350,000 SH OTHER 01/02 350,000 Lodgian Inc COM PAR $0.01 54021P403 851 83,066 SH OTHER 01/02 83,066 Lucent Technologies Inc COM 549463107 1,300 400,000 SH OTHER 01/02 400,000 Mattel Inc COM 577081102 3,086 185,000 SH OTHER 01/02 185,000 MCF Corp COM 580395101 6,760 6,500,000 SH OTHER 01/02 6,500,000 Medicines Co COM 584688105 3,164 137,500 SH OTHER 01/02 137,500 Mellon Finl Corp COM 58551A108 292,896 9,161,601 SH OTHER 01/02 9,161,601 Merrill Lynch & Co Inc COM 590188108 27,301 445,000 SH OTHER 01/02 445,000 Microsoft Corp COM 594918104 3,860 150,000 SH OTHER 01/02 150,000 Morgan Stanley COM NEW 617446448 289,901 5,374,500 SH OTHER 01/02 5,374,500 National Australia Bk Ltd CAP UTS EXCHBL 632525309 10,250 250,000 SH OTHER 01/02 250,000 News Corp CL A 65248E104 99,704 6,395,352 SH OTHER 01/02 6,395,352 Novelis Inc COM 67000X106 65,160 3,039,200 SH OTHER 01/02 3,039,200 Novell Inc COM 670006105 23,877 3,204,908 SH OTHER 01/02 3,204,908 Office Depot Inc COM 676220106 121,595 4,094,100 SH OTHER 01/02 4,094,100 OfficeMax Inc COM 67622P101 50,057 1,580,588 SH OTHER 01/02 1,580,588 Orthologic Corp COM 68750J107 996 260,000 SH OTHER 01/02 260,000 Pacific Sunwear Calif Inc COM 694873100 32,329 1,507,900 SH OTHER 01/02 1,507,900 Pactiv Corp COM 695257105 70,923 4,048,100 SH OTHER 01/02 4,048,100 PartnerRe Ltd COM G6852T105 29,316 457,700 SH OTHER 01/02 457,700 PF Changs China Bistro Inc COM 69333Y108 4,483 100,000 SH PUT OTHER 01/02 100,000 Pioneer Nat Res Co COM 723787107 447,505 8,148,311 SH OTHER 01/02 8,148,311 Priceline Com Inc COM NEW 741503403 6,570 340,043 SH OTHER 01/02 340,043 Prudential Finl Inc COM 744320102 77,201 1,142,700 SH OTHER 01/02 1,142,700 RCN Corp COM NEW 749361200 35,422 1,669,278 SH OTHER 01/02 1,669,278 Readers Digest Assn Inc COM 755267101 100,575 6,297,731 SH OTHER 01/02 6,297,731 Reinsurance Group Amer Inc COM 759351109 22,238 497,500 SH OTHER 01/02 497,500 Russell Corp COM 782352108 2,878 205,000 SH OTHER 01/02 205,000 Sara Lee Corp COM 803111103 39,795 2,100,000 SH OTHER 01/02 2,100,000 Semtech Corp COM 816850101 2,471 150,000 SH OTHER 01/02 150,000 Sears Hldgs Corp COM 812350106 2,489 20,000 SH CALL OTHER 01/02 20,000 Smithfield Foods Inc COM 832248108 64,783 2,182,700 SH OTHER 01/02 2,182,700 Sprint Nextel Corp COM FON 852061100 75,209 3,162,700 SH OTHER 01/02 3,162,700 Station Casinos Inc COM 857689103 38,197 575,600 SH OTHER 01/02 575,600 Suncor Energy Inc COM 867229106 23,728 392,000 SH OTHER 01/02 392,000 Teekay Shipping Marshall Isl COM Y8564W103 63,800 1,482,000 SH OTHER 01/02 1,482,000 Temple Inland Inc COM 879868107 87,913 2,152,100 SH OTHER 01/02 2,152,100 Teradyne Inc SDCV 3.750%10/1 880770AD4 24,079 24,200,000 PRN OTHER 01/02 24,200,000 Time Warner Inc COM 887317105 144,418 7,974,500 SH OTHER 01/02 7,974,500 TreeHouse Foods Inc COM 89469A104 68,493 2,548,100 SH OTHER 01/02 2,548,100 Tyco Intl Ltd COM 902124106 2,785 100,000 SH CALL OTHER 01/02 100,000 USA Mobility Inc COM 90341G103 13,490 500,000 SH OTHER 01/02 500,000 Utilities Holdrs Tr DEPOSITRY RCPT 918019100 3,662 30,000 SH PUT OTHER 01/02 30,000 Wachovia Corp COM 929903102 24,318 511,000 SH OTHER 01/02 511,000 Waddell & Reed Finl Inc CL A 930059100 78,982 4,079,645 SH OTHER 01/02 4,079,645 Wal Mart Stores Inc COM 931142103 4,601 105,000 SH OTHER 01/02 105,000 Wendys Intl Inc COM 950590109 399,708 8,852,900 SH OTHER 01/02 8,852,900 Wynn Resorts Ltd COM 983134107 9,933 220,000 SH OTHER 01/02 220,000 Xerox Corp COM 984121103 101,381 7,427,169 SH OTHER 01/02 7,427,169 XTO Energy Inc COM 98385X106 42,664 941,394 SH OTHER 01/02 941,394 Yahoo Inc COM 984332106 3,384 100,000 SH CALL OTHER 01/02 100,000