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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 December 31, 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 February 14, 2000
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: 80
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Form 13F Information Table Value Total: $2,255,637 (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 4 Name of Reporting Manager Highfields Capital Management LP
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Docsc/846895
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Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
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INVEST
SHARES OR MENT
VALUE PRINCIPAL SH/ PUT/ DESCRIP- OTHER ---VOTING AUTHORITY--
Name Of Issuer Title Of Class CUSIP No. (x$1000) AMOUNT PRN CALL TION MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------ --- ---- ---- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A T & T Corp COM 001957109 34,067 671,263 SHRS OTHER 01/02 X
Aegon N.V. ORD AMER REG 007924103 20,203 209,259 SHRS OTHER 01/02 X
American Axle & Mfg Hldgs Inc COM 024061103 7,351 606,300 SHRS OTHER 01/02 X
American Home Prods Corp COM 026609107 6,941 176,000 SHRS OTHER 01/02 X
Applied Pwr Inc CL A 038225108 29,771 810,100 SHRS OTHER 01/02 X
At Home Corp COM SER A 045919107 2,200 51,320 SHRS OTHER 01/02 X
Atlantic Richfield Co COM 048825103 46,433 536,800 SHRS OTHER 01/02 X
Atlantic Richfield Co COM 048825103 17,300 200,000 SHRS CALL OTHER 01/02 X
AutoDesk Inc COM 052769106 2,289 67,831 SHRS OTHER 01/02 X
Bally Total Fitness Hldg Corp COM 05873K108 17,180 643,750 SHRS OTHER 01/02 X
BCE Inc COM 05534B109 48,377 536,400 SHRS OTHER 01/02 X
Biovail Corp Intl WT EXP 093002 09067K114 8,588 150,000 SHRS OTHER 01/02 X
BP Amoco PLC Sponsored ADR 055622104 16,080 271,100 SHRS OTHER 01/02 X
Campbell Resources Inc COM 134422104 178 1,120,000 SHRS OTHER 01/02 X
CareMark RX Inc COM 141705103 16,200 3,200,000 SHRS OTHER 01/02 X
Chemfirst Inc COM 16361A106 11,441 523,000 SHRS OTHER 01/02 X
Chubb Corp COM 171232101 34,159 606,600 SHRS OTHER 01/02 X
Citizens Utils Co CL B 177342201 3,280 231,200 SHRS OTHER 01/02 X
City Investing Co. Liq Tr UNIT BEN INT 177900107 752 586,900 SHRS OTHER 01/02 X
Clorox Co COM 189054109 4,147 82,322 SHRS OTHER 01/02 X
Conoco Inc CL B 208251405 59,900 2,408,056 SHRS OTHER 01/02 X
CVS Corp COM 126650100 143,364 3,589,700 SHRS OTHER 01/02 X
Devon Energy Corp COM 25179M103 1,864 56,689 SHRS OTHER 01/02 X
Du Pont E I De Nemours & Co COM 263534109 1,257 19,087 SHRS OTHER 01/02 X
El Paso Electric Co COM 283677854 56,457 5,753,600 SHRS OTHER 01/02 X
Elan PLC WT EXP 123101 284131703 9,015 300,500 SHRS OTHER 01/02 X
EMC Corp COM 268648102 5,283 48,359 SHRS OTHER 01/02 X
General Instr Corp COM 370120107 45,050 530,000 SHRS OTHER 01/02 X
General Mtrs Corp COM 370442105 76,903 1,058,000 SHRS OTHER 01/02 X
Global Crossing Ltd COM G3921A100 4,205 84,108 SHRS OTHER 01/02 X
Golden St Bancorp Inc WT EXP 000000 381197136 2,505 2,863,100 SHRS OTHER 01/02 X
Gtech Hldgs Corp COM 400518106 25,155 1,143,400 SHRS OTHER 01/02 X
Hannaford Bros Co COM 410550107 9,634 139,000 SHRS OTHER 01/02 X
Hudson City Bancorp COM 443683107 1,010 75,000 SHRS OTHER 01/02 X
IGEN Inc COM 449536101 4,076 137,010 SHRS OTHER 01/02 X
Illinois Tool Works Inc COM 452308109 2,892 42,804 SHRS OTHER 01/02 X
Infinity Broadcasting CP CL A 45662S102 1,911 52,815 SHRS OTHER 01/02 X
Intel Corp COM 458140100 8,446 102,604 SHRS OTHER 01/02 X
International Paper Co COM 460146103 7,718 136,756 SHRS OTHER 01/02 X
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ivex Packaging Corp COM 465855104 4,889 488,900 SHRS OTHER 01/02 X
Johnson & Johnson COM 478160104 6,460 69,374 SHRS OTHER 01/02 X
Jones Intercable Inc CL A 480206200 2,287 33,000 SHRS OTHER 01/02 X
King Pharmaceuticals Inc COM 495582108 12,457 222,200 SHRS OTHER 01/02 X
King Pharmaceuticals Inc COM 495582108 1,402 25,000 SHRS PUT OTHER 01/02 X
Lakes Gaming Inc COM 51206P109 4,172 525,549 SHRS OTHER 01/02 X
Laser Mtg Mgmt Inc COM 51806D100 13,308 3,275,900 SHRS OTHER 01/02 X
Lucent Technologies Inc COM 549463107 44,888 600,000 SHRS PUT OTHER 01/02 X
Mack Cali Rlty Corp COM 554489104 30,603 1,174,200 SHRS OTHER 01/02 X
Mattel Inc. COM 577081102 6,181 470,970 SHRS OTHER 01/02 X
McKesson HBOC Inc COM 58155Q103 413 18,294 SHRS OTHER 01/02 X
MCN Energy Group Inc COM 55267J100 4,009 168,800 SHRS OTHER 01/02 X
Media Gen Inc CL A 584404107 26,000 500,000 SHRS OTHER 01/02 X
MediaOne Group Inc COM 58440J104 99,103 1,290,200 SHRS OTHER 01/02 X
Mirage Resorts Inc COM 60462E104 19,993 1,305,666 SHRS OTHER 01/02 X
Mony Group Inc COM 615337102 34,631 1,186,500 SHRS OTHER 01/02 X
National Australia Bk Ltd CAP UTS EXCHBL 632525309 6,906 250,000 SHRS OTHER 01/02 X
Newhall Land & Farm Co Cal Depositary Rec 651426108 19,521 723,000 SHRS OTHER 01/02 X
Pactiv Corp COM 695257105 138,933 13,076,000 SHRS OTHER 01/02 X
Park Pl Entmt Corp COM 700690100 224,872 17,989,720 SHRS OTHER 01/02 X
Pediatrix Med Group COM 705324101 955 136,450 SHRS OTHER 01/02 X
Phelps Dodge Corp COM 717265102 2,141 31,890 SHRS OTHER 01/02 X
Readers Digest Assn Inc CL A Non Vtg 755267101 67,032 2,291,700 SHRS OTHER 01/02 X
Readers Digest Assn Inc CL B 755267200 580 21,900 SHRS OTHER 01/02 X
Reynolds Metals Co COM 761763101 344,200 4,492,000 SHRS OTHER 01/02 X
Rohm & Haas Co COM 775371107 5,064 124,453 SHRS OTHER 01/02 X
Scottish Annuity & Life Hldgs ORD G7885T104 7,371 900,300 SHRS OTHER 01/02 X
Shaw Comm Inc CL B CONV 82028K200 50,516 1,525,000 SHRS OTHER 01/02 X
Shell Trans & Trading PLC Sponsored ADR 822703609 22,158 449,900 SHRS OTHER 01/02 X
St Joe Co COM 790148100 42,754 1,758,500 SHRS OTHER 01/02 X
Telefonica S A Sponsored ADR 879382208 12,709 161,260 SHRS OTHER 01/02 X
TeleSpectrum World Wide Inc COM 87951U109 12,793 1,795,519 SHRS OTHER 01/02 X
Tenneco Automotive Inc COM 880349105 25,556 2,744,298 SHRS OTHER 01/02 X
Thermo Electron Corp COM 883556102 5,351 356,700 SHRS OTHER 01/02 X
Tjx Cos Inc COM 872540109 16,250 795,100 SHRS OTHER 01/02 X
Total Renal Care Hldgs Inc COM 89151A107 20,063 3,000,100 SHRS OTHER 01/02 X
Vodafone Airtouch PLC Sponsored ADR 92857T107 42,209 852,710 SHRS OTHER 01/02 X
Waddell & Reed Finl Inc CL B 930059209 59,727 2,377,188 SHRS OTHER 01/02 X
Waddell & Reed Finl Inc CL A 930059100 1,402 51,688 SHRS OTHER 01/02 X
Westcorp Inc COM 957907108 364 25,100 SHRS OTHER 01/02 X
Exxon Mobil Corp COM 30231G102 21,832 271,000 SHRS PUT OTHER 01/02 X
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