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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 March 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 May 15, 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.
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SEC 1685 (5/91)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 87
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Form 13F Information Table Value Total: $2,759,739 (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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ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
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INVEST-
MENT
SHARES OF DE-
TITLE VALUE PRINCIPAL SH/ PUT/ SCRIP- OTHER -VOTING AUTHORITY-
NAME OF ISSUER 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 25,501 453,350 SHRS OTHER 01/02 X
Aegon N.V ORD AMER REG 007924103 16,700 209,259 SHRS OTHER 01/02 X
American Axle & Mfg Hldgs Inc COM 024061103 8,803 594,300 SHRS OTHER 01/02 X
At Home Corp COM SER A 045919107 1,690 51,320 SHRS OTHER 01/02 X
Atlantic Richfield Co COM 048825103 59,500 700,000 SHRS OTHER 01/02 X
Atmel Corp COM 049513104 232 4,500 SHRS OTHER 01/02 X
AutoDesk Inc COM 052769106 3,086 67,831 SHRS OTHER 01/02 X
BCE Inc COM 05534B109 10,099 80,512 SHRS OTHER 01/02 X
Bally Total Fitness Hldg Corp COM 05873K108 15,772 643,750 SHRS OTHER 01/02 X
Biovail Corp Intl WT EXP 093002 09067K114 7,650 150,000 SHRS OTHER 01/02 X
Bowne & Co. Inc. COM 103043105 6,117 475,100 SHRS OTHER 01/02 X
C-Cube Microsystems Inc. COM 125015107 14,563 200,000 SHRS OTHER 01/02 X
CVS Corp COM 126650100 170,830 4,547,900 SHRS OTHER 01/02 X
Campbell Resources Inc COM 134422104 262 1,120,000 SHRS OTHER 01/02 X
CareMark RX Inc COM 141705103 13,400 3,200,000 SHRS OTHER 01/02 X
Chemfirst Inc COM 16361A106 10,166 523,000 SHRS OTHER 01/02 X
Citizens Utilities CL B 177342201 14,937 912,200 SHRS OTHER 01/02 X
City Investing Co. Liquid Trust UNIT BEN INT 177900107 752 586,900 SHRS OTHER 01/02 X
Clear Channel Communications COM 184502102 20,719 300,000 SHRS OTHER 01/02 X
Conoco Inc CL B 208251405 25,749 1,004,856 SHRS OTHER 01/02 X
Delphi Financial Group Inc CL A 247131105 2,673 88,000 SHRS OTHER 01/02 X
Devon Energy Corp COM 25179M103 2,753 56,689 SHRS OTHER 01/02 X
Du Pont EI De Nemours & Co COM 263534109 1,009 19,087 SHRS OTHER 01/02 X
EMC Corp Mass COM 268648102 6,045 48,359 SHRS OTHER 01/02 X
El Paso Electric Co COM 283677854 59,694 5,753,600 SHRS OTHER 01/02 X
Elan PLC WT EXP 123101 284131703 17,955 300,500 SHRS OTHER 01/02 X
Frontline Capital Group COM 35921N101 4,360 99,100 SHRS OTHER 01/02 X
GTE Corp COM 362320103 28,400 400,000 SHRS OTHER 01/02 X
General Dynamics Corp COM 369550108 119,425 2,400,500 SHRS OTHER 01/02 X
General Mtrs Corp COM 370442105 184,846 2,232,100 SHRS OTHER 01/02 X
Gentiva Health Services COM 37247A102 4,565 637,973 SHRS OTHER 01/02 X
Global Crossing Ltd COM G3921A100 3,443 84,108 SHRS OTHER 01/02 X
Golden State Bancorp Inc WT EXP 000000 381197136 3,847 2,863,100 SHRS OTHER 01/02 X
Gtech Holding Corp COM 400518106 21,224 1,143,400 SHRS OTHER 01/02 X
Hudson City BanCorp Inc COM 443683107 5,594 382,500 SHRS OTHER 01/02 X
Hannaford Bros Co COM 410550107 26,491 359,200 SHRS OTHER 01/02 X
IGEN Inc COM 449536101 3,425 137,010 SHRS OTHER 01/02 X
Illinois Tool Wks Inc COM 452308109 2,365 42,804 SHRS OTHER 01/02 X
Immunex Corp. COM 452528102 146 2,300 SHRS OTHER 01/02 X
Immunex Corp. COM 452528102 190 3,000 SHRS CALL OTHER 01/02 X
Infinity Broadcasting CP CL A 45662S102 1,710 52,815 SHRS OTHER 01/02 X
Intel Corp COM 458140100 13,537 102,604 SHRS OTHER 01/02 X
Intelligent Polymers LTD COM G48029105 5,194 150,000 SHRS OTHER 01/02 X
International Paper Co COM 460146103 5,846 136,756 SHRS OTHER 01/02 X
Ivex Packaging Corp. COM 465855104 5,849 773,400 SHRS OTHER 01/02 X
Jackpot Enterprises Inc. COM 466392107 14,013 842,900 SHRS OTHER 01/02 X
Johnson & Johnson COM 478160104 4,861 69,374 SHRS OTHER 01/02 X
King Pharmaceuticals Inc COM 495582108 50,386 1,599,547 SHRS OTHER 01/02 X
King Pharmaceuticals Inc COM 495582108 788 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 12,899 3,275,900 SHRS OTHER 01/02 X
Lucent Technologies Inc COM 549463107 60,750 1,000,000 SHRS PUT OTHER 01/02 X
MCN Energy Group Inc. COM 55267J100 10,165 406,600 SHRS OTHER 01/02 X
Mack Cali Realty Corp COM 554489104 29,942 1,174,200 SHRS OTHER 01/02 X
Mark IV Industries Inc. COM 570387100 8,382 379,900 SHRS OTHER 01/02 X
Mattel Inc. COM 577081102 4,916 470,970 SHRS OTHER 01/02 X
MediaOne Group Inc COM 58440J104 144,423 1,783,000 SHRS OTHER 01/02 X
MediaOne Group Inc COM 58440J104 2,268 28,000 SHRS CALL OTHER 01/02 X
Mirage Resorts Inc COM 60462E104 23,869 1,231,966 SHRS OTHER 01/02 X
Mony Group Inc COM 615337102 65,969 2,041,600 SHRS OTHER 01/02 X
Motorola Inc. COM 620076109 12,240 85,969 SHRS OTHER 01/02 X
Natl Australia Bk LTD Cap Uts Exchbl 632525309 6,016 250,000 SHRS OTHER 01/02 X
Newhall Land & Farming Co Cal Depository Rec 651426108 32,287 1,142,900 SHRS OTHER 01/02 X
Pactiv Corporation COM 695257105 132,763 15,172,900 SHRS OTHER 01/02 X
Park Place Entertainment Corp COM 700690100 258,179 22,329,020 SHRS OTHER 01/02 X
Pediatrix Medical Group COM 705324101 1,450 200,000 SHRS OTHER 01/02 X
Phelps Dodge Corp COM 717265102 1,515 31,890 SHRS OTHER 01/02 X
Quest Communications Intl Inc COM 749121109 16,781 346,000 SHRS PUT OTHER 01/02 X
Readers Digest Assn Inc Cl A 755267101 128,585 3,634,900 SHRS OTHER 01/02 X
Readers Digest Assn Inc Cl B 755267200 4,174 145,800 SHRS OTHER 01/02 X
Reynolds Metals Co COM 761763101 361,199 5,401,100 SHRS OTHER 01/02 X
Reynolds Metals Co COM 761763101 6,688 100,000 SHRS CALL OTHER 01/02 X
Rohm & Haas Co COM 775371107 5,554 124,453 SHRS OTHER 01/02 X
SBC Communications Inc COM 78387G103 840 20,000 SHRS OTHER 01/02 X
Scottish Annuity & Life Hldg COM G7885T104 6,921 900,300 SHRS OTHER 01/02 X
St Joe Company COM 790148100 45,854 1,584,600 SHRS OTHER 01/02 X
Seagate Technology COM 811804103 31,812 528,000 SHRS OTHER 01/02 X
Shaw Comm Inc CL B 82028K200 60,049 2,229,200 SHRS OTHER 01/02 X
TJX Cos Inc COM 872540109 47,038 2,120,000 SHRS OTHER 01/02 X
Telefonica S A Sponsored ADR 879382208 4,646 62,260 SHRS OTHER 01/02 X
TeleSpectrum World Wide Inc COM 87951U109 12,569 1,795,519 SHRS OTHER 01/02 X
Tenneco Automotive Inc COM 880349105 20,989 2,644,298 SHRS OTHER 01/02 X
Time Warner Inc. COM 887315109 1,480 14,800 SHRS OTHER 01/02 X
Total Renal Care Holdings Inc COM 89151A107 8,438 2,700,100 SHRS OTHER 01/02 X
US West Inc. COM 91273H101 14,525 200,000 SHRS OTHER 01/02 X
Vodafone Airtouch PLC Sponsored ADR 92857T107 47,379 852,710 SHRS OTHER 01/02 X
Waddell&Reed Finl Inc CL B 930059209 94,851 2,432,076 SHRS OTHER 01/02 X
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