13F-HR 1 acn3q09.txt SEPTEMBER 30 2009 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/09 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: THE BAUPOST GROUP, L.L.C. Address: 10 ST. JAMES AVENUE SUITE 1700 BOSTON, MA 02116 13F File Number: 28-7120 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: PAUL C. GANNON Title: CHIEF FINANCIAL OFFICER Phone: 617-210-8300 Signature, Place, and Date of Signing: /s/ PAUL C. GANNON BOSTON, MA November 12, 2009 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 27 Form13F Information Table Value Total: $1,356,776 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ ------- ------ ------- ---------------- -------- -------- -------------------------- VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALLIANCE ONE INTL INC COM 018772103 39424 8800000 SH SOLE 8800000 AUDIOVOX CORP CL A 050757103 12311 1797286 SH SOLE 1797286 BPW ACQUISITION CORP *W EXP 02/26/201 055637110 258 573900 SH SOLE 573900 BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 96599 8495939 SH SOLE 8495939 CAPITALSOURCE INC COM 14055X102 76259 17571100 SH SOLE 17571100 CAPITALSOURCE INC DBCV 4.000% 7/1 14055XAE2 148482 173157000PRN SOLE 173157000 CAPITALSOURCE INC NOTE 7.250% 7/1 14055XAG7 40268 48298000 PRN SOLE 48298000 DOMTAR CORP COM NEW 257559203 113904 3234071 SH SOLE 3234071 ENTERPRISE ACQUISITION CORP *W EXP 11/07/201 29365R116 325 1250000 SH SOLE 1250000 ENZON PHARMACEUTICALS INC COM 293904108 17089 2071382 SH SOLE 2071382 FACET BIOTECH CORP SHS 30303Q103 60634 3506875 SH SOLE 3506875 GLOBAL CONSUMER ACQST CORP *W EXP 11/27/201 378983118 2163 2963000 SH SOLE 2963000 ITURAN LOCATION AND CONTROL SHS M6158M104 17761 1721066 SH SOLE 1721066 LIBERTY MEDIA CORP NEW ENT COM SER A 53071M500 131351 4222160 SH SOLE 4222160 MULTIMEDIA GAMES INC COM 625453105 13312 2600000 SH SOLE 2600000 NEWS CORP CL A 65248E104 294216 24600000 SH SOLE 24600000 OVERTURE ACQUISITION CORP *W EXP 01/30/201 G6830P118 240 1000000 SH SOLE 1000000 PROSPECT ACQUISITION CORP *W EXP 11/14/201 74347T111 1500 2500000 SH SOLE 2500000 RHI ENTMT INC DEL COM 74957T104 15290 4900551 SH SOLE 4900551 SAPPHIRE INDUSTRIALS CORP *W EXP 01/17/201 80306T117 2790 6200000 SH SOLE 6200000 SP ACQUISITION HOLDINGS INC *W EXP 10/10/201 78470A112 142 1580700 SH SOLE 1580700 SYNERON MEDICAL LTD ORD SHS M87245102 23918 2096235 SH SOLE 2096235 THERAVANCE INC COM 88338T104 132254 9033741 SH SOLE 9033741 THERAVANCE INC NOTE 3.000% 1/1 88338TAA2 35119 41500000 PRN SOLE 41500000 TM ENTMT & MEDIA INC *W EXP 10/17/201 87260T116 152 525000 SH SOLE 525000 TREMISIS ENERGY ACQ CORP II *W EXP 12/05/201 89472N119 39 325000 SH SOLE 325000 VIASAT INC COM 92552V100 80976 3046516 SH SOLE 3046516