13F-HR/A 1 d13fhra.txt 13F-HR/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Form 13F Cover Page EXPLANATORY NOTE: This Amendment No. 1 to Form 13F is being filed to replace and correct a filing agent's error and inadvertent filing of an incomplete 13F draft report on August 8, 2008. Such prior filing is replaced in its entirety by this Amendment No. 1. Report for the Calendar Year or Quarter Ended: June 30, 2008 Check here if Amendment [x]; Amendment Number: 1 This Amendment (Check only one.): [x] 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 August 14, 2008 ------------------------ --------------------- --------------- 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: 84 Form 13F Information Table Value Total: $7,091,541 (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 -------------- ----------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ---- Aetna Inc COM 00817Y108 14,591 360,000 SH OTHER 01/02 360,000 Alcoa Inc COM 013817101 480,441 13,487,950 SH OTHER 01/02 13,487,950 Allstate Corp COM 020002101 7,386 162,000 SH OTHER 01/02 162,000 Altern Asset Mgmt Acq *W EXP 08/01/201 02149U119 293 750,000 SH OTHER 01/02 750,000 Altern Asset Mgmt Acq COM 02149U101 6,975 750,000 SH OTHER 01/02 750,000 Altria Group COM 02209S103 13,543 658,685 SH OTHER 01/02 658,685 Alumina Ltd SPONSORED ADR 022205108 22,738 1,254,836 SH OTHER 01/02 1,254,836 American Express Co COM 025816109 45,694 1,213,000 SH OTHER 01/02 1,213,000 Anheuser Busch Cos Inc COM 035229103 104,021 1,674,525 SH OTHER 01/02 1,674,525 AnnTaylor Stores Corp COM 036115103 71,325 2,976,826 SH OTHER 01/02 2,976,826 Berkshire Hathaway Inc CL A 084670108 152,749 1,265 SH OTHER 01/02 1,265 Boston Scientific Corp COM 101137107 100,714 8,194,804 SH OTHER 01/02 8,194,804 Cablevision Systems Corp CL A NY CABLVS 12686C109 75,961 3,361,085 SH OTHER 01/02 3,361,085 Cadbury PLC SPONS ADR 12721E102 16,907 335,999 SH OTHER 01/02 335,999 Canadian Nat Res Ltd COM 136385101 264,201 2,635,424 SH OTHER 01/02 2,635,424 CapitalSource Inc COM 14055X102 13,317 1,201,868 SH OTHER 01/02 1,201,868 Career Education Corp COM 141665109 78,552 5,376,592 SH OTHER 01/02 5,376,592 Cerner Corp COM 156782104 13,102 290,000 SH PUT OTHER 01/02 290,000 Clear Channel Comm COM 184502102 1,183,896 33,633,415 SH OTHER 01/02 33,633,415 Coach Inc COM 189754104 27,040 936,300 SH OTHER 01/02 936,300 Comcast Corp CL A SPL 20030N200 203,278 10,835,726 SH OTHER 01/02 10,835,726 Comcast Corp CL A 20030N101 103,236 5,442,043 SH OTHER 01/02 5,442,043 Constellation Energy Grp COM 210371100 35,098 427,500 SH CALL OTHER 01/02 427,500 CVS Caremark Corp COM 126650100 442,209 11,175,368 SH OTHER 01/02 11,175,368 Dean Foods Co COM 242370104 35,431 1,805,856 SH OTHER 01/02 1,805,856 Dillards Inc CL A 254067101 23,140 2,000,000 SH OTHER 01/02 2,000,000 Downey Financial Corp COM 261018105 6,693 2,416,181 SH OTHER 01/02 2,416,181 Dr Pepper Snapple Grp COM 26138E109 72,522 3,456,713 SH OTHER 01/02 3,456,713 Eagle Materials Inc COM 26969P108 17,731 700,000 SH OTHER 01/02 700,000 Eclipsys Corp COM 278856109 18,360 1,000,000 SH OTHER 01/02 1,000,000 Embarq Corp COM 29078E105 7,475 158,131 SH OTHER 01/02 158,131 EMC Corp COM 268648102 21,154 1,440,000 SH CALL OTHER 01/02 1,440,000 Employers Holdings Inc COM 292218104 28,071 1,356,081 SH OTHER 01/02 1,356,081 EnCana Corp COM 292505104 638,950 7,026,831 SH OTHER 01/02 7,026,831 EnCana Corp COM 292505104 40,919 450,000 SH CALL OTHER 01/02 450,000 Fidelity Natl Info Svcs COM 31620M106 105,139 2,848,517 SH OTHER 01/02 2,848,517 First American Corp COM 318522307 232,000 8,787,879 SH OTHER 01/02 8,787,879 Fiserv Inc COM 337738108 9,074 200,000 SH OTHER 01/02 200,000 Fluor Corp COM 343412102 1,861 20,000 SH PUT OTHER 01/02 20,000 FPL Group Inc COM 302571104 9,837 150,000 SH OTHER 01/02 150,000 Frontier Oil Corp COM 35914P105 92,404 3,864,649 SH OTHER 01/02 3,864,649 Global Consumer Acq Corp UNIT 99/99/9999 378983209 29,323 2,950,000 SH OTHER 01/02 2,950,000 GSC Acquisition Co *W EXP 06/25/201 40053G114 225 300,000 SH OTHER 01/02 300,000 HealthSouth Corp COM NEW 421924309 103,939 6,250,079 SH OTHER 01/02 6,250,079 Infosys Technologies Ltd SPONSORED ADR 456788108 23,623 543,556 SH OTHER 01/02 543,556 International Game Tech COM 459902102 24,980 1,000,000 SH OTHER 01/02 1,000,000 Knology Inc COM 499183804 11,529 1,049,039 SH OTHER 01/02 1,049,039 Kraft Foods Inc CL A 50075N104 166,551 5,854,178 SH OTHER 01/02 5,854,178 Marriott International CL A 571903202 99,185 3,779,900 SH OTHER 01/02 3,779,900 McClatchy Co CL A 579489105 11,093 1,636,118 SH OTHER 01/02 1,636,118 MCF Corp COM 580395309 1,490 1,146,461 SH OTHER 01/02 1,146,461 Microsoft Corp COM 594918104 2,751 100,000 SH CALL OTHER 01/02 100,000 Motorola Inc COM 620076109 306,858 41,806,321 SH OTHER 01/02 41,806,321 News Corporation CL A 65248E104 30,874 2,052,769 SH OTHER 01/02 2,052,769

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 -------------- ------------------- --------- -------- ---------- ---- ---- ---------- -------- ---------- ------ ---- Northern Dynasty Min COM NEW 66510M204 6,792 845,819 SH OTHER 01/02 845,819 Och Ziff Cap Mgmt Grp CL A 67551U105 69,041 3,631,800 SH OTHER 01/02 3,631,800 Office Depot Inc COM 676220106 123,307 11,271,164 SH OTHER 01/02 11,271,164 Peoples United Finl COM 712704105 3,588 230,001 SH OTHER 01/02 230,001 Philip Morris Intl Inc COM 718172109 32,532 658,685 SH OTHER 01/02 658,685 PNC Finl Svcs Group Inc COM 693475105 218,839 3,832,550 SH OTHER 01/02 3,832,550 Qualcomm Inc COM 747525103 207,832 4,684,075 SH OTHER 01/02 4,684,075 Royal Dutch Shell PLC SPONS ADR A 780259206 37,995 465,000 SH OTHER 01/02 465,000 Royal Dutch Shell PLC SPONS ADR A 780259206 3,922 48,000 SH CALL OTHER 01/02 48,000 Sapphire Industrials UNIT 99/99/9999 80306T208 20,000 2,000,000 SH OTHER 01/02 2,000,000 Select Sector SPDR Tr SBI INT-ENERGY 81369Y506 14,476 163,608 SH OTHER 01/02 163,608 Select Sector SPDR Tr SBI INT-FINL 81369Y605 6,448 320,000 SH OTHER 01/02 320,000 SLM Corp COM 78442P106 116,691 6,030,526 SH OTHER 01/02 6,030,526 Smithfield Foods Inc COM 832248108 18,055 908,200 SH OTHER 01/02 908,200 SP Acquisition Hldgs UNIT 99/99/9999 78470A203 4,950 500,000 SH OTHER 01/02 500,000 SPDR Gold Trust GOLD SHS 78463V107 64,934 710,440 SH OTHER 01/02 710,440 SPDR Tr UNIT SER 1 78462F103 23,933 187,009 SH OTHER 01/02 187,009 Suncor Energy COM 867229106 35,691 614,100 SH OTHER 01/02 614,100 Suncor Energy COM 867229106 6,922 119,100 SH CALL OTHER 01/02 119,100 Tailwind Financial Inc COM 874023104 686 86,800 SH OTHER 01/02 86,800 Tailwind Financial Inc UNIT 99/99/9999 874023203 1,978 250,000 SH OTHER 01/02 250,000 Tailwind Financial Inc *W EXP 04/11/201 874023112 232 1,221,100 SH OTHER 01/02 1,221,100 Take-Two Interactive COM 874054109 16,621 650,000 SH OTHER 01/02 650,000 Time Warner Cable CL A 88732J108 83,451 3,151,480 SH OTHER 01/02 3,151,480 Ultra Petroleum Corp COM 903914109 142,537 1,451,500 SH PUT OTHER 01/02 1,451,500 United Rentals Inc COM 911363109 17,649 900,000 SH OTHER 01/02 900,000 VeriFone Holdings Inc COM 92342Y109 13,771 1,152,351 SH OTHER 01/02 1,152,351 Wachovia Corp CONV 7.5% PFD CL A 929903219 1,763 2,000 PRN OTHER 01/02 2,000 Walgreen Co COM 931422109 69,571 2,140,000 SH OTHER 01/02 2,140,000 Wendys Intl Inc COM 950590109 76,886 2,824,597 SH OTHER 01/02 2,824,597