13F-HR 1 d13fhr.txt 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, 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: 617-850-7500 Signature, Place, and Date of Signing: /s/ Joseph F. Mazzella Boston, Massachusetts November 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: 104 Form 13F Information Table Value Total: $12,199,167 (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 TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------- NAME OF ISSUER CLASS\ CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ---------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ---- Abington Cmnty Bancorp Inc COM 00350R106 4,875 500,000 SH OTHER 01/02 500,000 Advanced Micro Devices Inc COM 007903107 1,983 150,250 SH OTHER 01/02 150,250 Alcan Inc COM 013716105 359,137 3,588,500 SH OTHER 01/02 3,588,500 Aldabra 2 Acquisition Corp *W EXP 06/18/201 01408A111 488 325,000 SH OTHER 01/02 325,000 Allstate Corp COM 020002101 9,265 162,000 SH OTHER 01/02 162,000 Alternative Asset Mgmt Acq UNIT 07/01/2012 02149U200 7,425 750,000 SH OTHER 01/02 750,000 Altria Group COM 02209S103 45,798 658,685 SH OTHER 01/02 658,685 American Eagle Outfitters COM 02553E106 52,620 2,000,000 SH OTHER 01/02 2,000,000 American Standard Cos Inc COM 029712106 20,375 572,000 SH OTHER 01/02 572,000 AnnTaylor Stores Corp COM 036115103 137,159 4,330,886 SH OTHER 01/02 4,330,886 Avaya Inc COM 053499109 26,127 1,540,510 SH OTHER 01/02 1,540,510 BEA Systems Inc COM 073325102 832 60,000 SH OTHER 01/02 60,000 Bear Stearns Cos Inc COM 073902108 294,571 2,398,590 SH OTHER 01/02 2,398,590 Bearingpoint Inc COM 074002106 608 150,000 SH OTHER 01/02 150,000 Berkshire Hathaway Inc CL A 084670108 149,915 1,265 SH OTHER 01/02 1,265 BlackRock Inc COM 09247X101 430,156 2,480,570 SH OTHER 01/02 2,480,570 Boston Scientific Corp COM 101137107 230,154 16,498,500 SH OTHER 01/02 16,498,500 Cablevision Systems Corp CL A NY CABLVS 12686C109 117,436 3,361,085 SH OTHER 01/02 3,361,085 Canadian Nat Resources Ltd COM 136385101 196,852 2,598,700 SH OTHER 01/02 2,598,700 Career Education Corp COM 141665109 86,769 3,100,000 SH OTHER 01/02 3,100,000 Career Education Corp COM 141665109 9,866 352,500 SH CALL OTHER 01/02 352,500 CDW Corp COM 12512N105 121,780 1,396,557 SH OTHER 01/02 1,396,557 Cerner Corp COM 156782104 10,646 178,000 SH PUT OTHER 01/02 178,000 Chesapeake Energy Corp COM 165167107 153,620 4,356,779 SH OTHER 01/02 4,356,779 Citigroup Inc COM 172967101 11,201 240,000 SH OTHER 01/02 240,000 Clear Channel Comm COM 184502102 1,190,921 31,808,800 SH OTHER 01/02 31,808,800 Comcast Corp CL A SPL 20030N200 290,987 12,144,718 SH OTHER 01/02 12,144,718 Comcast Corp CL A 20030N101 33,563 1,388,043 SH OTHER 01/02 1,388,043 Commerce Bancorp Inc COM 200519106 1,357 35,000 SH PUT OTHER 01/02 35,000 ConocoPhillips COM 20825C104 101,687 1,158,565 SH OTHER 01/02 1,158,565 Crocs Inc COM 227046109 11,654 173,300 SH PUT OTHER 01/02 173,300 CVS Caremark Corp COM 126650100 443,153 11,182,268 SH OTHER 01/02 11,182,268 Cytyc Corp COM 232946103 35,738 750,000 SH OTHER 01/02 750,000 Dean Foods Co COM 242370104 72,379 2,829,510 SH OTHER 01/02 2,829,510 Dell Inc COM 24702R101 100,365 3,636,400 SH OTHER 01/02 3,636,400 Downey Financial Corp COM 261018105 139,655 2,416,181 SH OTHER 01/02 2,416,181 Embarq Corp COM 29078E105 8,792 158,131 SH OTHER 01/02 158,131 Employers Holdings Inc COM 292218104 22,815 1,107,000 SH OTHER 01/02 1,107,000 EnCana Corp COM 292505104 213,880 3,458,038 SH OTHER 01/02 3,458,038 Fidelity Natl Info Svcs COM 31620M106 183,687 4,139,900 SH OTHER 01/02 4,139,900 First American Corp COM 318522307 343,000 9,366,479 SH OTHER 01/02 9,366,479 Foundation Coal Holdings COM 35039W100 82,357 2,100,939 SH OTHER 01/02 2,100,939 Freeport-McMoran Cpr&Gld COM 35671D857 104,890 1,000,000 SH PUT OTHER 01/02 1,000,000 Freeport-McMoran Cpr&Gld COM 35671D857 62,934 600,000 SH OTHER 01/02 600,000 Goldman Sachs Group Inc COM 38141G104 50,045 230,900 SH OTHER 01/02 230,900 GSC Acquisition Co *W EXP 06/25/201 40053G114 330 300,000 SH OTHER 01/02 300,000 Guitar Center Mgmt Inc COM 402040109 55,112 929,378 SH OTHER 01/02 929,378 Harrahs Entmt Inc COM 413619107 414,555 4,768,836 SH OTHER 01/02 4,768,836 HealthSouth Corp COM NEW 421924309 109,439 6,250,079 SH OTHER 01/02 6,250,079 Hershey Co COM 427866108 113,188 2,438,881 SH OTHER 01/02 2,438,881 Hilton Hotels Corp COM 432848109 368,989 7,936,962 SH OTHER 01/02 7,936,962 Home Depot Inc COM 437076102 97,320 3,000,000 SH OTHER 01/02 3,000,000 Intl Game Technology COM 459902102 43,100 1,000,000 SH OTHER 01/02 1,000,000 Ishares RUSSELL 2000 464287655 6,405 80,000 SH OTHER 01/02 80,000

Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: ------- ---------------- --------- -------- ------------------- ---------- -------- ---------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------- NAME OF ISSUER CLASS\ CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- Janus Capital Group Inc COM 47102X105 2,991 105,755 SH OTHER 01/02 105,755 Kinross Gold Corp COM NO PAR 496902404 230,267 15,371,636 SH OTHER 01/02 15,371,636 Knology Inc COM 499183804 17,550 1,049,039 SH OTHER 01/02 1,049,039 Kraft Foods Inc CL A 50075N104 202,028 5,854,178 SH OTHER 01/02 5,854,178 Las Vegas Sands Corp COM 517834107 33,355 250,000 SH PUT OTHER 01/02 250,000 Lennar Corp CL A 526057104 2,039 90,000 SH OTHER 01/02 90,000 Limited Brands Inc COM 532716107 84,464 3,690,000 SH OTHER 01/02 3,690,000 Loews Corp COM 540424108 21,840 451,700 SH OTHER 01/02 451,700 Lundin Mining Corp COM 550372106 5,295 414,000 SH OTHER 01/02 414,000 McClatchy Co CL A 579489105 54,106 2,708,018 SH OTHER 01/02 2,708,018 MCF Corp COM NEW 580395309 4,123 1,017,860 SH OTHER 01/02 1,017,860 Merrill Lynch & Co Inc COM 590188108 35,996 505,000 SH OTHER 01/02 505,000 MGM Mirage COM 552953101 328,388 3,671,606 SH OTHER 01/02 3,671,606 Motorola Inc COM 620076109 487,675 26,318,143 SH OTHER 01/02 26,318,143 National Coal Corp COM NEW 632381208 1,083 442,116 SH OTHER 01/02 442,116 News Corporation Ltd CL A 65248E104 45,140 2,052,769 SH OTHER 01/02 2,052,769 Norsk Hydro ASA SPONSORED ADR 656531605 18,042 416,200 SH OTHER 01/02 416,200 Northern Dynasty Minerals COM NEW 66510M204 11,928 1,079,500 SH OTHER 01/02 1,079,500 NTR Acquisition Co COM 629415100 16,887 1,781,331 SH OTHER 01/02 1,781,331 NTR Acquisition Co *W EXP 06/28/201 629415118 521 572,000 SH OTHER 01/02 572,000 Office Depot Inc COM 676220106 83,118 4,030,964 SH OTHER 01/02 4,030,964 Peoples United Financial Inc COM 712704105 7,949 460,001 SH OTHER 01/02 460,001 Pfizer Inc COM 717081103 2,443 100,000 SH OTHER 01/02 100,000 PNC Finl Svcs Group Inc COM 693475105 576,555 8,466,300 SH OTHER 01/02 8,466,300 Qualcomm Inc COM 747525103 651,336 15,412,592 SH OTHER 01/02 15,412,592 Qualcomm Inc COM 747525103 63,390 1,500,000 SH CALL OTHER 01/02 1,500,000 Research in Motion Ltd COM 760975102 44,348 450,000 SH PUT OTHER 01/02 450,000 Silver Wheaton Corp COM 828336107 2,240 159,800 SH OTHER 01/02 159,800 SLM Corp COM 78442P106 220,654 4,442,400 SH OTHER 01/02 4,442,400 Smithfield Foods Inc COM 832248108 28,608 908,200 SH OTHER 01/02 908,200 Sovereign Bancorp Inc COM 845905108 57,423 3,369,894 SH OTHER 01/02 3,369,894 Standard Pacific Corp COM 85375C101 14,149 2,577,144 SH OTHER 01/02 2,577,144 Staples Inc COM 855030102 47,278 2,200,000 SH OTHER 01/02 2,200,000 Station Casinos Inc COM 857689103 453,138 5,179,900 SH OTHER 01/02 5,179,900 Sterling Financial Corp COM 859317109 8,575 500,000 SH OTHER 01/02 500,000 Suncor Energy COM 867229106 110,776 1,168,400 SH OTHER 01/02 1,168,400 SunTrust Banks Inc COM 867914103 223,484 2,953,400 SH OTHER 01/02 2,953,400 Tailwind Financial Inc COM 874023104 655 86,800 SH OTHER 01/02 86,800 Tailwind Financial Inc UNIT 99/99/9999 874023203 2,075 250,000 SH OTHER 01/02 250,000 Tailwind Financial Inc *W EXP 04/11/201 874023112 855 1,221,100 SH OTHER 01/02 1,221,100 Time Warner Cable COM 88732J108 143,901 4,387,236 SH OTHER 01/02 4,387,236 TreeHouse Foods Inc COM 89469A104 11,752 434,453 SH OTHER 01/02 434,453 TXU Corp COM 873168108 246,872 3,605,548 SH OTHER 01/02 3,605,548 United States Steel Corp COM 912909108 4,480 42,286 SH OTHER 01/02 42,286 UTI Worldwide Inc ORD G87210103 16,086 700,000 SH OTHER 01/02 700,000 Venoco Inc COM 92275P307 25,804 1,504,600 SH OTHER 01/02 1,504,600 WABCO Holdings Inc COM 92927K102 8,914 190,666 SH OTHER 01/02 190,666 Wal-Mart Stores COM 931142103 96,903 2,220,000 SH OTHER 01/02 2,220,000 Wendys Intl Inc COM 950590109 257,049 7,363,197 SH OTHER 01/02 7,363,197 Yahoo Inc COM 984332106 2,684 100,000 SH OTHER 01/02 100,000