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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 September 30, 1999.
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Check here if Amendment [_]; Amendment Number: ________
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 November 15, 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: 93
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Form 13F Information Table Value Total: $2,135,442 (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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Second Draft Nov 09 1999
13 F Report as of September 30th 1999
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Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
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SHARES OR INVEST-
VALUE PRINCIPAL SH/ PUT/ MENT OTHER -VOTING AUTHORITY-
Name Of Issuer Title Of Class CUSIP Number x$1000 AMOUNT PRN CALL DESCRIP MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A T & T Corp COM 001957109 29,200 671,263 SHRS OTHER 01/02 X
Aegon N.V ORD AMER REG 007924103 18,065 209,259 SHRS OTHER 01/02 X
American Axle & Mfg Hldgs Inc COM 024061103 9,392 659,100 SHRS OTHER 01/02 X
American Home Prods Corp COM 026609107 12,450 300,000 SHRS OTHER 01/02 X
Applied Power Inc CL A 038225108 20,755 683,300 SHRS OTHER 01/02 X
At Home Corp COM Ser A 045919107 1,063 25,660 SHRS OTHER 01/02 X
Atlantic Richfield Co COM 048825103 52,377 591,000 SHRS OTHER 01/02 X
AutoDesk Inc COM 052769106 1,484 67,831 SHRS OTHER 01/02 X
AutoZone Inc COM 053332102 2,806 100,000 SHRS OTHER 01/02 X
Axogen Ltd COM G0690R108 5,991 186,500 SHRS OTHER 01/02 X
BP Amoco PLC SPONSORED ADR 055622104 28,927 261,049 SHRS OTHER 01/02 X
Bally Total Fitness Hldg Corp COM 05873K108 13,810 451,850 SHRS OTHER 01/02 X
Big Flower Holdings Inc COM 089159107 48,831 1,724,700 SHRS OTHER 01/02 X
Consolidated Natural Gas COM 209615103 3,456 55,400 SHRS OTHER 01/02 X
CVS Corp COM 126650100 92,142 2,257,700 SHRS OTHER 01/02 X
Campbell Resources Inc COM 134422104 366 1,120,000 SHRS OTHER 01/02 X
CareMark RX Inc COM 141705103 11,250 2,000,000 SHRS OTHER 01/02 X
Centocor Inc COM 152342101 22,277 380,400 SHRS OTHER 01/02 X
Chemfirst Inc COM 16361A106 11,144 408,000 SHRS OTHER 01/02 X
Chubb Corp COM 171232101 54,515 1,094,400 SHRS OTHER 01/02 X
City Investing Co. Liquid Trust UNIT BEN INT 177900107 752 586,900 SHRS OTHER 01/02 X
Clorox Co COM 189054109 6,974 182,322 SHRS OTHER 01/02 X
Conoco Inc CL B 208251405 106,540 3,891,856 SHRS OTHER 01/02 X
Cyprus Amax Minerals Co COM 232809103 9,416 479,800 SHRS OTHER 01/02 X
Data General Corp COM 237688106 13,747 652,700 SHRS OTHER 01/02 X
Devon Energy Corp COM 25179M103 2,349 56,689 SHRS OTHER 01/02 X
Dun & Bradstreet Corp COM 26483B106 13,593 455,000 SHRS OTHER 01/02 X
Elan PLC WT EXP 123101 284131703 11,344 300,500 SHRS OTHER 01/02 X
El Paso Electric Co COM 283677854 51,782 5,753,600 SHRS OTHER 01/02 X
El Paso Energy Corp COM 283905107 16,522 415,000 SHRS OTHER 01/02 X
Geltex Pharmaceuticals Inc COM 368538104 5,283 474,900 SHRS OTHER 01/02 X
General Instrument Corp COM 370120107 25,506 530,000 SHRS OTHER 01/02 X
General Mtrs Corp COM 370442105 35,874 570,000 SHRS OTHER 01/02 X
Global Crossing Ltd COM G3921A100 8,361 315,494 SHRS OTHER 01/02 X
Global Crossing Ltd COM G3921A100 6,519 246,000 SHRS CALL OTHER 01/02 X
Global Industrial Tech Inc COM 379335102 6,094 500,000 SHRS OTHER 01/02 X
Globalstar Telecommunications Ltd COM G3930H104 4,996 217,200 SHRS OTHER 01/02 X
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Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
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SHARES OR INVEST-
VALUE PRINCIPAL SH/ PUT/ MENT OTHER -VOTING AUTHORITY-
Name Of Issuer Title Of Class CUSIP Number x$1000 AMOUNT PRN CALL DESCRIP MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Golden State Bancorp Inc WT EXP 000000 381197136 3,400 2,863,100 SHRS OTHER 01/02 X
Gtech Holding Corp COM 400518106 24,512 1,143,400 SHRS OTHER 01/02 X
Harris Corp. COM 413875105 1,691 61,200 SHRS OTHER 01/02 X
Hoechst AG SPONSORED ADR 434390308 2,667 61,300 SHRS OTHER 01/02 X
Intel Corp COM 458140100 7,625 102,604 SHRS OTHER 01/02 X
Intelligent Polymers Ltd UNIT EXP 093000 45815V200 6,975 150,000 SHRS OTHER 01/02 X
International Paper Co COM 460146103 6,573 136,756 SHRS OTHER 01/02 X
Kellstrom Inds Inc COM 488035106 586 59,900 SHRS OTHER 01/02 X
Koninklijke Philips Electrs SPONSORED ADR 500472204 17,604 174,298 SHRS OTHER 01/02 X
Lakes Gaming Inc COM 51206P109 5,058 525,549 SHRS OTHER 01/02 X
Laser Mtg Mgmt Inc. COM 51806D100 12,489 3,275,900 SHRS OTHER 01/02 X
Lennox Intl Inc COM 526107107 1,827 117,900 SHRS OTHER 01/02 X
Ligand Pharmaceuticals Inc WT B EXP 060300 53220K116 446 198,172 SHRS OTHER 01/02 X
Lucent Technologies Inc COM 549463107 38,925 600,000 SHRS PUT OTHER 01/02 X
Mack Cali Realty Corp COM 554489104 31,483 1,174,200 SHRS OTHER 01/02 X
Mattel Inc COM 577081102 8,948 470,970 SHRS OTHER 01/02 X
McDermott Intl Inc COM 580037109 25,691 1,268,700 SHRS OTHER 01/02 X
McKesson HBOC COM 58155Q103 531 18,294 SHRS OTHER 01/02 X
Media Gen Inc CL A 584404107 25,625 500,000 SHRS OTHER 01/02 X
MediaOne Group COM 58440J104 107,906 1,579,600 SHRS OTHER 01/02 X
Mirage Resorts Inc COM 60462E104 18,361 1,305,666 SHRS OTHER 01/02 X
Mony Group Inc COM 615337102 28,580 989,800 SHRS OTHER 01/02 X
NCO Group Inc COM 628858102 940 20,000 SHRS OTHER 01/02 X
Natl Australia Bk LTD CAP UTS EXCHBL 632525309 6,844 250,000 SHRS OTHER 01/02 X
Newell Rubbermaid Inc COM 651229106 1,129 39,510 SHRS OTHER 01/02 X
Newpark Res Inc COM-PAR $.01 651718504 6,713 866,150 SHRS OTHER 01/02 X
Novellus Systems Inc COM 670008101 1,686 25,000 SHRS OTHER 01/02 X
Outdoor Systems Inc COM 690057104 5,416 151,500 SHRS OTHER 01/02 X
Park Place Entmt Corp COM 700690100 226,970 18,157,620 SHRS OTHER 01/02 X
Pediatrix Medical Group COM 705324101 2,678 193,000 SHRS OTHER 01/02 X
Picturetel Corp COM 720035302 2,486 584,900 SHRS OTHER 01/02 X
Pioneer Hi Bred Intl Inc COM 723686101 23,796 597,700 SHRS OTHER 01/02 X
Premark Intl Inc COM 740459102 10,085 199,700 SHRS OTHER 01/02 X
Reynolds Metals Co COM 761763101 262,021 4,339,900 SHRS OTHER 01/02 X
Rhone Poulenc SA SPONSORED ADR 762426609 1,676 32,700 SHRS OTHER 01/02 X
Rohm & Haas Co COM 775371107 4,496 124,453 SHRS OTHER 01/02 X
Scottish Annuity & Life Hldgs COM G7885T104 8,978 920,800 SHRS OTHER 01/02 X
Shaw Communications Inc CL B CONV 82028K200 41,272 1,497,400 SHRS OTHER 01/02 X
Shell Trans & Trading PLC SPONSORED ADR 822703609 24,024 528,000 SHRS OTHER 01/02 X
St Joe Co COM 790148100 40,313 1,869,600 SHRS OTHER 01/02 X
Stewart & Stevenson Svcs Inc COM 860342104 1,969 150,000 SHRS OTHER 01/02 X
SunTrust Bks Inc COM 867914103 316 4,800 SHRS OTHER 01/02 X
TeleSpectrum World Wide Inc COM 87951U109 10,661 1,795,519 SHRS OTHER 01/02 X
Telefonica S A SPONSORED ADR 879382208 7,589 158,100 SHRS OTHER 01/02 X
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Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
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SHARES OR INVEST-
VALUE PRINCIPAL SH/ PUT/ MENT OTHER -VOTING AUTHORITY-
Name Of Issuer Title Of Class CUSIP Number x$1000 AMOUNT PRN CALL DESCRIP MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Tenneco Inc COM 88037E101 157,998 9,294,000 SHRS OTHER 01/02 X
Childrens Pl Retail Stores Inc COM 168905107 4,878 183,200 SHRS OTHER 01/02 X
Total Renal Care Hldgs Inc COM 89151A107 19,375 2,605,100 SHRS OTHER 01/02 X
Trammell Crow Co COM 89288R106 3,102 234,100 SHRS OTHER 01/02 X
Triad Hospitals Inc COM 89579K109 5,822 575,045 SHRS OTHER 01/02 X
Tyco Intl Ltd COM 902124106 9,034 175,000 SHRS PUT OTHER 01/02 X
UGI Corp COM 902681105 3,579 153,924 SHRS OTHER 01/02 X
Unumprovident Corp COM 91529Y106 4,416 150,000 SHRS OTHER 01/02 X
Vodafone Airtouch PLC SPONSORED ADR 92857T107 40,397 170,542 SHRS OTHER 01/02 X
Waddell & Reed Fin Inc CL A 930059100 3,869 174,388 SHRS OTHER 01/02 X
Waddell & Reed Fin Inc CL B 930059209 44,109 2,063,588 SHRS OTHER 01/02 X
Westcorp Inc COM 957907108 3,349 224,200 SHRS OTHER 01/02 X
94,162,121
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