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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION
13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended June 30, 1999.
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Check here if Amendment [_]; Amendment Number:
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This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
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Institutional Investment Manager Filing this Report:
Name: Highfields Capital Management LP
Address: 200 Clarendon Street,
51st Floor, Boston, MA 02117
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13F File Number 28-3499
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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: Kenneth H. Colburn
Title: Chief Operating Officer
Phone: 617-850-7500
Signature, Place and Date of Signing
/s/ Kenneth H. Colburn Boston, Massachusetts August 16, 1999
Report Type (Check only one.)
[X] 13F Holdings Report
[_] 13F Notice
[_] 13F Combination Report
List of other managers reporting for this manager: None
I am signing this report as required by the Securities Exchange Act of 1934.
SEC 1685
(5/91)
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Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 82
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Form 13F Information Table Value Total: $1,961,709 (x 1000)
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List of Other Included Managers:
01 Jonathon S. Jacobson (File Number 28-7618)
02 Richard L. Grubman (File Number 28-7616)
Mr. Grubman, Mr. Jacobson and Highfields Capital Management LP share
investment discretion with respect to the reported securities.
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FORM 13F
Page 2 of 5 Name of Reporting Manager Highfields Capital Management LP
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Page 3 of 5
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ITEM 5:
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ITEM 4: SHARES OR ITEM 6: ITEM 7: ITEM 8:
ITEM 1: ITEM 2: ITEM 3: VALUE PRINCIPAL SH/ PUT/ INVESTMENT OTHER --VOTING AUTHORITY--
NAME OF ISSUER TITLE OF CLASS CUSIP # (X$1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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A T & T CORP COM 001957109 37465 671263 SHRS OTHER 01/02 X
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AEGON NV ORD AMER REG 007924103 1332 18000 SHRS OTHER 01/02 X
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AMERICAN AXLE MFG HOLDINGS COM 024061103 9227 659100 SHRS OTHER 01/02 X
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AT HOME CORP - SER A COM 045919107 1384 25660 SHRS OTHER 01/02 X
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ATLANTIC RICHFIELD CO COM 048825103 48541 580900 SHRS OTHER 01/02 X
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AUTODESK INC COM 052769106 2005 67831 SHRS OTHER 01/02 X
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AXOGEN LTD HLDG COM G0690R108 5851 186500 SHRS OTHER 01/02 X
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BP AMOCO PLC SPONSORED ADR 055622104 28324 261049 SHRS OTHER 01/02 X
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BALLY TOTAL FITNESS HLDG CORP COM 05873K108 12821 451850 SHRS OTHER 01/02 X
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BIG FLOWER HLDGS INC COM 089159107 25819 810000 SHRS OTHER 01/02 X
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BIOMATRIX COM 09060P102 381 17598 SHRS OTHER 01/02 X
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CONSOLIDATED NATURAL GAS CO COM 209615103 3366 55400 SHRS OTHER 01/02 X
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CAMPBELL RESOURCES INC COM 134422104 322 1120000 SHRS OTHER 01/02 X
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CVS CORP COM 126650100 32916 648600 SHRS OTHER 01/02 X
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CHEMFIRST INC COM 16361A106 9920 408000 SHRS OTHER 01/02 X
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CITY INVESTING CO LIQUID TRUST UNIT BEN INT 177900107 752 586900 SHRS OTHER 01/02 X
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CLOROX CO COM 189054109 4397 41161 SHRS OTHER 01/02 X
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CONCENTRA MANAGED CARE INC COM 20589T103 8508 574400 SHRS OTHER 01/02 X
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DU PONT E I DE NEMOURS & CO COM 263534109 28076 411000 SHRS OTHER 01/02 X
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EL PASO ELECTRIC CO COM 283677854 51423 5753600 SHRS OTHER 01/02 X
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EL PASO ENERGY CORP COM 283905107 18125 515100 SHRS OTHER 01/02 X
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ELAN PLC WT EXP 123101 284131703 9466 300500 SHRS OTHER 01/02 X
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GELTEX PHARMACEUTICALS INC COM 368538104 317 17600 SHRS OTHER 01/02 X
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GENERAL MTRS CORP COM 370442105 21120 320000 SHRS OTHER 01/02 X
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GLOBAL INDUSTRIAL TECH INC COM 379335102 6031 500000 SHRS OTHER 01/02 X
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GLOBAL CROSSING LTD COM G3921A100 3197 75000 SHRS OTHER 01/02 X
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GOLDEN STATE BANCORP WT EXP 000000 381197136 3758 2863100 SHRS OTHER 01/02 X
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GTECH HOLDING CORP COM 400518106 26941 1143400 SHRS OTHER 01/02 X
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IXC COMMUNICATIONS COM 450713102 15296 389090 SHRS OTHER 01/02 X
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INTELLIGENT POLYMERS LTD UNIT EXP 093000 45815V200 6281 150000 SHRS OTHER 01/02 X
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INTERNATIONAL PAPER CO COM 460146103 6906 136756 SHRS OTHER 01/02 X
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KONINKLIJKE PHILIPS ELECTRS NV SPONSORED ADR 500472204 58523 580150 SHRS OTHER 01/02 X
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LAKES GAMING INC. COM 51206P109 5748 525549 SHRS OTHER 01/02 X
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LASER MORTGAGE MANAGEMENT INC COM 51806D100 11261 3275900 SHRS OTHER 01/02 X
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LEHMAN BROS. HLDGS INC COM 524908100 12450 200000 SHRS OTHER 01/02 X
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LEVEL ONE COMMUNICATIONS INC COM 527295109 18166 371200 SHRS OTHER 01/02 X
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LIGAND PHARMACEUTICALS INC WT B EXP 060300 53220K116 1016 198172 SHRS OTHER 01/02 X
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LUCENT TECHNOLOGIES INC COM 549463107 103516 1535000 SHRS PUT OTHER 01/02 X
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</TABLE>
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Page 4 of 5
<TABLE>
<CAPTION>
ITEM 5:
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ITEM 4: SHARES OR ITEM 6: ITEM 7: ITEM 8:
ITEM 1: ITEM 2: ITEM 3: VALUE PRINCIPAL SH/ PUT/ INVESTMENT OTHER --VOTING AUTHORITY--
NAME OF ISSUER TITLE OF CLASS CUSIP # (X$1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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MACK CALI REALTY CORP COM 554489104 30319 980000 SHRS OTHER 01/02 X
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MATTEL INC COM 577081102 12451 470970 SHRS OTHER 01/02 X
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MCDERMOTT INTL INC COM 580037109 17043 603300 SHRS OTHER 01/02 X
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MCKESSON HBOC INC COM 58155Q103 588 18294 SHRS OTHER 01/02 X
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MEDIAONE GROUP INC COM 58440J104 47057 632700 SHRS OTHER 01/02 X
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MEDPARTNERS INC COM 58503X107 15125 2000000 SHRS OTHER 01/02 X
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MERRILL LYNCH & CO INC COM 590188108 5995 75000 SHRS OTHER 01/02 X
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MIRAGE RESORTS INC COM 60462E104 26370 1574300 SHRS OTHER 01/02 X
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MOBIL CORP COM 607059102 4432 44772 SHRS OTHER 01/02 X
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MONY GROUP INC COM 615337102 24152 740300 SHRS OTHER 01/02 X
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MORGAN STANLEY DEAN WITTER & CO COM 617446448 77880 759800 SHRS OTHER 01/02 X
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NATL AUSTRALIA BK LTD CAP UTS EXCHBL 632525309 7594 250000 SHRS OTHER 01/02 X
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NEWELL RUBBERMAID INC COM 651229106 1837 39510 SHRS OTHER 01/02 X
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NEWPARK RESOURCES INC COM-PAR $.01 651718504 754 85000 SHRS OTHER 01/02 X
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OMNIPOINT CORP COM 68212D102 434 15000 SHRS OTHER 01/02 X
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OUTDOOR SYSTEMS INC COM 690057104 3577 98000 SHRS OTHER 01/02 X
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PARK PLACE ENTERTAINMENT COM 700690100 155833 16086020 SHRS OTHER 01/02 X
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PEDIATRIX MEDICAL GROUP COM 705324101 14110 664000 SHRS OTHER 01/02 X
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PENNZENERGY CO COM 70931Q109 8471 507650 SHRS OTHER 01/02 X
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PICTURETEL CORP COM 720035302 4679 584900 SHRS OTHER 01/02 X
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PIONEER HI-BRED INTL INC COM 723686101 20637 530000 SHRS OTHER 01/02 X
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QLT PHOTOTHERAPEUTICS INC COM 746927102 7370 134000 SHRS OTHER 01/02 X
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QWEST COMMUNICATIONS INTL INC COM 749121109 3306 100000 SHRS CALL OTHER 01/02 X
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REYNOLDS METALS CO COM 761763101 235404 3989900 SHRS OTHER 01/02 X
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ROHM & HAAS CO COM 775371107 5336 124453 SHRS OTHER 01/02 X
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SCOTTISH ANNUITY & LIFE HLDGS COM G7885T104 9899 920800 SHRS OTHER 01/02 X
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SHAW COMM INC CL B CONV 82028K200 52565 1322400 SHRS OTHER 01/02 X
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SHELL TRANSPORT & TRADING ADR 822703609 24486 528000 SHRS OTHER 01/02 X
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SKYTEL COMMUNICATIONS INC COM 83087Q104 2931 140000 SHRS OTHER 01/02 X
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ST JOE COMPANY COM 790148100 50458 1868800 SHRS OTHER 01/02 X
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SUNTRUST BKS INC COM 867914103 333 4800 SHRS OTHER 01/02 X
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TELESPECTRUM WORLD WIDE INC COM 87951U109 13915 1795519 SHRS OTHER 01/02 X
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TELEFONICA S A SPONSORED ADR 879382208 7753 52700 SHRS OTHER 01/02 X
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TENNECO INC COM 88037E101 72656 3043200 SHRS OTHER 01/02 X
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THERMO ELECTRON CORP COM 883556102 16961 845400 SHRS OTHER 01/02 X
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TRAMMELL CROW CO COM 89288R106 5835 355000 SHRS OTHER 01/02 X
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TRANSAMERICA CORP COM 893485102 103208 1376100 SHRS OTHER 01/02 X
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TRIAD HOSPITALS INC COM 89579K109 6371 471935 SHRS OTHER 01/02 X
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UGI CORP COM 902681105 19788 980219 SHRS OTHER 01/02 X
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US WEST INC COM 91273H101 1622 27600 SHRS OTHER 01/02 X
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VODAFONE GROUP PLC SPONSORED ADR 92857T107 132443 672297 SHRS OTHER 01/02 X
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</TABLE>
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Page 5 of 5
<TABLE>
<CAPTION>
ITEM 5:
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ITEM 4: SHARES OR ITEM 6: ITEM 7: ITEM 8:
ITEM 1: ITEM 2: ITEM 3: VALUE PRINCIPAL SH/ PUT/ INVESTMENT OTHER --VOTING AUTHORITY--
NAME OF ISSUER TITLE OF CLASS CUSIP # (X$1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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WADDELL & REED FINANCIAL INC CL A 930059100 9702 353588 SHRS OTHER 01/02 X
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WADDELL & REED FINANCIAL INC CL B 930059209 56559 2094788 SHRS OTHER 01/02 X
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WESTCORP INC COM 957907108 2522 224200 SHRS OTHER 01/02 X
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</TABLE>
