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: June 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 August 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: 79 Form 13F Information Table Value Total: 7,152,574 (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 27717 406282 SH OTHER 01 406282 0 0 AETNA INC NEW COM 00817Y108 44073 1136780 SH OTHER 01 1136780 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 13116 1199999 SH OTHER 01 1199999 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 52120 2000000 SH CALL OTHER 01 2000000 ANADARKO PETE CORP COM 032511107 282208 4262965 SH OTHER 01 4262965 AON PLC SHS CL A G0408V102 16279 348000 SH OTHER 01 348000 BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505104 35088 9939905 SH OTHER 01 9939905 BARRICK GOLD CORP COM 067901108 28178 750000 SH CALL OTHER 01 750000 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 8636 1000640 SH OTHER 01 1000640 BLACKROCK INC COM 09247X101 105398 620643 SH OTHER 01 620643 BP PLC SPONSORED ADR 055622104 20270 500000 SH CALL OTHER 01 500000 BP PLC SPONSORED ADR 055622104 27899 688180 SH OTHER 01 688180 CANADIAN NAT RES LTD COM 136385101 283482 10558000 SH OTHER 01 10558000 CARTER INC COM 146229109 172011 3270163 SH OTHER 01 3270163 CERNER CORP COM 156782104 33957 410800 SH PUT OTHER 01 410800 CERNER CORP COM 156782104 30218 365570 SH OTHER 01 365570 CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 120205 1696127 SH OTHER 01 1696127 CHESAPEAKE ENERGY CORP COM 165167107 27900 1500000 SH PUT OTHER 01 1500000 CITIGROUP INC COM NEW 172967424 22905 835650 SH OTHER 01 835650 COCA COLA ENTERPRISES INC NE COM 19122T109 56080 2000000 SH OTHER 01 2000000 CORELOGIC INC COM 21871D103 149221 8149719 SH OTHER 01 8149719 DIRECTV COM CL A 25490A101 612883 12553932 SH OTHER 01 12553932 FIDELITY NATL INFORMATION SV COM 31620M106 29655 870156 SH OTHER 01 870156 FORD MTR CO DEL *W EXP 01/01/201 345370860 38708 34561080 SH OTHER 01 34561080 GASLOG LTD SHS G37585109 13436 1323764 SH OTHER 01 1323764 GENCO SHIPPING & TRADING LTD SHS Y2685T107 1525 500000 SH CALL OTHER 01 500000 GENCO SHIPPING & TRADING LTD SHS Y2685T107 1526 500200 SH OTHER 01 500200 GENWORTH FINL INC COM CL A 37247D106 143540 25360440 SH OTHER 01 25360440 GOOGLE INC CL A 38259P508 87011 150000 SH OTHER 01 150000 HERITAGE FINL GROUP INC COM 42726X102 483 37500 SH OTHER 01 37500 HESS CORP COM 42809H107 26070 600000 SH CALL OTHER 01 600000 HILLSHIRE BRANDS CO COM 432589109 32272 1113204 SH OTHER 01 1113204 HILLTOP HOLDINGS INC COM 432748101 21895 2123622 SH OTHER 01 2123622 ILLUMINA INC COM 452327109 89895 2225683 SH OTHER 01 2225683 INGERSOLL-RAND PLC COM G47791101 105450 2500000 SH OTHER 01 2500000 INTL PAPER CO COM 460146103 14715 509000 SH OTHER 01 509000 INVESCO LTD SHS G491BT108 333045 14736500 SH OTHER 01 14736500 IRON MTN INC COM 462846106 216682 6574100 SH OTHER 01 6574100 ISHARES TR RUSL 2000 GROW 464287648 76835 840000 SH OTHER 01 840000 ISHARES TR RUSSELL MIDCAP 464287499 17859 169500 SH OTHER 01 169500 PENNEY J C INC COM 708160106 58275 2500000 SH OTHER 01 2500000 KIMBERLY CLARK CORP COM 494368103 41885 500000 SH PUT OTHER 01 500000 KRAFT FOODS INC CL A 50075N104 80121 2074600 SH OTHER 01 2074600 LAZARD LTD SHS A G54050102 16445 632738 SH OTHER 01 632738 LENDER PROCESSING SVCS INC COM 52602E102 60845 2406856 SH OTHER 01 2406856 LIFE TECHNOLOGIES CORP COM 53217V109 13497 300000 SH OTHER 01 300000 MASTERCARD INC CL A 57636Q104 86839 201900 SH CALL OTHER 01 201900 MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 10163 10000000 PRN OTHER 01 10000000 MONSTER WORLDWIDE INC COM 611742107 18752 2206093 SH OTHER 01 2206093 JPMORGAN CHASE & CO COM 46625H100 262811 7355473 SH OTHER 01 7355473 NABORS INDUSTRIES LTD SHS G6359F103 69370 4817357 SH OTHER 01 4817357 NEWS CORP CL A 65248E104 832875 37365400 SH OTHER 01 37365400 NORTHEAST BANCORP COM NEW 663904209 2722 317286 SH OTHER 01 317286 OPKO HEALTH INC COM 68375N103 7360 1600000 SH OTHER 01 1600000 ORACLE CORP COM 68389X105 29700 1000000 SH CALL OTHER 01 1000000 ORACLE CORP COM 68389X105 128475 4325750 SH OTHER 01 4325750 PENNYMAC MTG INVT TR COM 70931T103 9865 500000 SH OTHER 01 500000 POST HLDGS INC COM 737446104 23195 754308 SH OTHER 01 754308 RALCORP HLDGS INC NEW COM 751028101 129016 1933119 SH OTHER 01 1933119 ROCK-TENN CO CL A 772739207 17497 320750 SH OTHER 01 320750 SEAGATE TECHNOLOGY PLC SHS G7945M107 88187 3566000 SH OTHER 01 3566000 SLM CORP COM 78442P106 718721 45749254 SH OTHER 01 45749254 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 17190 133700 SH OTHER 01 133700 SPDR S&P 500 ETF TR TR UNIT 78462F103 66192 485739 SH OTHER 01 485739 SYMETRA FINL CORP COM 87151Q106 56240 4456436 SH OTHER 01 4456436 TARGET CORP COM 87612E106 13335 229168 SH OTHER 01 229168 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 45345 1149728 SH OTHER 01 1149728 WENDYS CO COM 95058W100 16721 3542547 SH OTHER 01 3542547 TIME WARNER CABLE INC COM 88732J207 201855 2458645 SH OTHER 01 2458645 TYCO INTERNATIONAL LTD SHS H89128104 44275 837750 SH OTHER 01 837750 UNITEDHEALTH GROUP INC COM 91324P102 137472 2349946 SH OTHER 01 2349946 VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 33558 840000 SH OTHER 01 840000 VERISIGN INC COM 92343E102 199115 4570000 SH CALL OTHER 01 4570000 VERTEX PHARMACEUTICALS INC COM 92532F100 21728 388558 SH OTHER 01 388558 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 15615 554100 SH OTHER 01 554100 VULCAN MATLS CO COM 929160109 14159 356567 SH OTHER 01 356567 WILLIAMS COS INC DEL COM 969457100 10828 375714 SH OTHER 01 375714 WILLIAMS SONOMA INC COM 969904101 79487 2273000 SH OTHER 01 2273000 YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 52397 4242675 SH OTHER 01 4242675