13F-HR 1 form13f-hr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2013 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 May 15, 2013 ---------------------- --------------------- ------------ [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: 97 Form 13F Information Table Value Total: 11,017,620 (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 ------------------------------ ---------------- --------- -------- --------- --- ---- ------- ---------- --------- -------- -------- THE ADT CORPORATION COM 00101J106 52352 1069725 SH OTHER 01 1069725 0 0 AETNA INC NEW COM 00817Y108 123035 2406780 SH OTHER 01 2406780 0 0 AGNICO EAGLE MINES LTD COM 008474108 9850 240000 SH OTHER 01 240000 0 0 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 16308 1199999 SH OTHER 01 1199999 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 190218 4900000 SH OTHER 01 4900000 0 0 ANADARKO PETE CORP COM 032511107 498681 5702469 SH OTHER 01 5702469 0 0 AON PLC SHS CL A G0408V102 21402 348000 SH OTHER 01 348000 0 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 10307 1000640 SH OTHER 01 1000640 0 0 BP PLC SPONSORED ADR 055622104 42908 1013180 SH OTHER 01 1013180 0 0 BUFFALO WILD WINGS INC COM 119848109 26303 300505 SH OTHER 01 300505 0 0 CANADIAN NAT RES LTD COM 136385101 627957 19544266 SH OTHER 01 19544266 0 0 CAPITAL ONE FINL CORP COM 14040H105 54950 1000000 SH OTHER 01 1000000 0 0 CARNIVAL CORP PAIRED CTF 143658300 9604 280000 SH OTHER 01 280000 0 0 CARTER INC COM 146229109 63267 1104713 SH OTHER 01 1104713 0 0 CBS CORP NEW CL B 124857202 121578 2603941 SH OTHER 01 2603941 0 0 CERNER CORP COM 156782104 15856 167341 SH OTHER 01 167341 0 0 C H ROBINSON WORLDWIDE INC COM NEW 12541W209 11892 200000 SH OTHER 01 200000 0 0 CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 95963 921127 SH OTHER 01 921127 0 0 CITIGROUP INC COM NEW 172967424 11281 255000 SH OTHER 01 255000 0 0 COCA COLA ENTERPRISES INC NE COM 19122T109 32305 875000 SH OTHER 01 875000 0 0 COMMONWEALTH REIT COM SH BEN INT 203233101 84324 3757775 SH OTHER 01 3757775 0 0 COMPUWARE CORP COM 205638109 87327 6986129 SH OTHER 01 6986129 0 0 DEAN FOODS CO NEW COM 242370104 27739 1530000 SH OTHER 01 1530000 0 0 DELL INC COM 24702R101 327743 22871119 SH OTHER 01 22871119 0 0 DIGITAL RLTY TR INC COM 253868103 102493 1531800 SH PUT OTHER 01 1531800 0 0 DIRECTV COM 25490A309 429101 7579945 SH OTHER 01 7579945 0 0 DISH NETWORK CORP CL A 25470M109 89409 2359081 SH OTHER 01 2359081 0 0 DOLLAR TREE INC COM 256746108 217837 4497986 SH OTHER 01 4497986 0 0 EXPRESS SCRIPTS HLDG CO COM 30219G108 42430 736000 SH OTHER 01 736000 0 0 FAMILY DLR STORES INC COM 307000109 255982 4335000 SH OTHER 01 4335000 0 0 FOSSIL INC COM 349882100 48300 500000 SH OTHER 01 500000 0 0 FRANKLIN RES INC COM 354613101 172300 1142500 SH OTHER 01 1142500 0 0 GASLOG LTD SHS G37585109 4144 322265 SH OTHER 01 322265 0 0 GENCO SHIPPING & TRADING LTD SHS Y2685T107 5761 2000200 SH OTHER 01 2000200 0 0 GENERAL DYNAMICS CORP COM 369550108 133081 1887400 SH CALL OTHER 01 1887400 0 0 GENWORTH FINL INC COM CL A 37247D106 131676 13167557 SH OTHER 01 13167557 0 0 GOLDCORP INC NEW COM 380956409 10929 325000 SH OTHER 01 325000 0 0 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 11625 1500000 SH OTHER 01 1500000 0 0 GOOGLE INC CL A 38259P508 173099 218000 SH OTHER 01 218000 0 0 HCA HOLDINGS INC COM 40412C101 105638 2600000 SH OTHER 01 2600000 0 0 HERITAGE FINL GROUP INC COM 42726X102 543 37500 SH OTHER 01 37500 0 0 HESS CORP COM 42809H107 179025 2500000 SH OTHER 01 2500000 0 0 HILLTOP HOLDINGS INC COM 432748101 8413 623622 SH OTHER 01 623622 0 0 IAMGOLD CORP COM 450913108 7203 1000000 SH OTHER 01 1000000 0 0 ILLUMINA INC COM 452327109 80348 1487917 SH OTHER 01 1487917 0 0 INGERSOLL-RAND PLC SHS G47791101 127391 2315771 SH OTHER 01 2315771 0 0 INTERCONTINENTAL HTLS GRP PL SPON ADR NEW 12 45857P400 568 18666 SH OTHER 01 18666 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 322716 1979000 SH OTHER 01 1979000 0 0 INVESCO LTD SHS G491BT108 43793 1512176 SH OTHER 01 1512176 0 0 IRON MTN INC COM 462846106 353557 9737184 SH OTHER 01 9737184 0 0 ISHARES TR RUSSELL 2000 464287655 377720 4000000 SH PUT OTHER 01 4000000 0 0 ISHARES TR RUSL 2000 GROW 464287648 90510 840000 SH OTHER 01 840000 0 0 ISHARES TR RUSSELL MIDCAP 464287499 21576 169500 SH OTHER 01 169500 0 0 LENDER PROCESSING SVCS INC COM 52602E102 47805 1877649 SH OTHER 01 1877649 0 0 LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 108488 1435404 SH OTHER 01 1435404 0 0 LIFE TECHNOLOGIES CORP COM 53217V109 64630 1000000 SH OTHER 01 1000000 0 0 LINN ENERGY LLC UNIT LTD LIAB 536020100 34546 911500 SH PUT OTHER 01 911500 0 0 LINNCO LLC COMSHS LTD INT 535782106 4296 110000 SH PUT OTHER 01 110000 0 0 MCGRAW HILL COS INC COM 580645109 394879 7582159 SH OTHER 01 7582159 0 0 METLIFE INC COM 59156R108 53348 1403162 SH OTHER 01 1403162 0 0 MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 10881 10000000 PRN OTHER 01 10000000 0 0 MONDELEZ INTL INC CL A 609207105 205595 6716612 SH OTHER 01 6716612 0 0 JPMORGAN CHASE & CO COM 46625H100 185306 3904469 SH OTHER 01 3904469 0 0 NCR CORP NEW COM 62886E108 18465 670000 SH OTHER 01 670000 0 0 NEWS CORP CL A 65248E104 684084 22414300 SH OTHER 01 22414300 0 0 NORTHEAST BANCORP COM NEW 663904209 2995 317286 SH OTHER 01 317286 0 0 NORTHROP GRUMMAN CORP COM 666807102 30635 436700 SH OTHER 01 436700 0 0 OPKO HEALTH INC COM 68375N103 2284 299399 SH OTHER 01 299399 0 0 ORACLE CORP COM 68389X105 120510 3726350 SH OTHER 01 3726350 0 0 PENNYMAC MTG INVT TR COM 70931T103 12945 500000 SH OTHER 01 500000 0 0 POST HLDGS INC COM 737446104 51099 1190284 SH OTHER 01 1190284 0 0 RADIOSHACK CORP COM 750438103 10332 3075000 SH OTHER 01 3075000 0 0 SALESFORCE COM INC COM 79466L302 89415 500000 SH PUT OTHER 01 500000 0 0 SANDRIDGE ENERGY INC COM 80007P307 70302 13340000 SH OTHER 01 13340000 0 0 SLM CORP COM 78442P106 675514 32984066 SH OTHER 01 32984066 0 0 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 19443 133700 SH OTHER 01 133700 0 0 SPDR SERIES TRUST S&P BK ETF 78464A797 30097 1118000 SH OTHER 01 1118000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 55719 355920 SH OTHER 01 355920 0 0 SYMETRA FINL CORP COM 87151Q106 32941 2456436 SH OTHER 01 2456436 0 0 TALISMAN ENERGY INC COM 87425E103 31728 2590000 SH OTHER 01 2590000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 45621 1149728 SH OTHER 01 1149728 0 0 WENDYS CO COM 95058W100 20086 3542547 SH OTHER 01 3542547 0 0 TIM HORTONS INC COM 88706M103 330461 6083606 SH OTHER 01 6083606 0 0 TIME WARNER CABLE INC COM 88732J207 245783 2558645 SH OTHER 01 2558645 0 0 TURQUOISE HILL RES LTD COM 900435108 23604 3708326 SH OTHER 01 3708326 0 0 TW TELECOM INC COM 87311L104 15769 626000 SH OTHER 01 626000 0 0 UNITED PARCEL SERVICE INC CL B 911312106 183646 2137900 SH CALL OTHER 01 2137900 0 0 UNITED PARCEL SERVICE INC CL B 911312106 495438 5767610 SH OTHER 01 5767610 0 0 UNITEDHEALTH GROUP INC COM 91324P102 77230 1349946 SH OTHER 01 1349946 0 0 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 36028 840000 SH OTHER 01 840000 0 0 VERISIGN INC COM 92343E102 28362 600000 SH CALL OTHER 01 600000 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 24575 500000 SH PUT OTHER 01 500000 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 21363 388558 SH OTHER 01 388558 0 0 VISTEON CORP COM NEW 92839U206 104830 1816810 SH OTHER 01 1816810 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 84778 2984100 SH OTHER 01 2984100 0 0 WILLIAMS COS INC DEL COM 969457100 14074 375714 SH OTHER 01 375714 0 0 YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 107372 7513755 SH OTHER 01 7513755 0 0