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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: Richard L. Grubman
Address: c/o Highfields Capital Management LP, 200 Clarendon Street,
51st Floor, Boston, MA 02117
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13F File Number 28-7616
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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 14, 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: 1
Form 13F Information Table Entry Total: 86
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Form 13F Information Table Value Total: $1,878,760 (x 1000)
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List of Other Included Managers:
Jonathon S. Jacobson (File Number 28-7618)
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 3 of 3 Name of Reporting Manager Richard L. Grubman
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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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AT&T CORP COM 001957109 39392 493554 SH OTHER 01 x
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AT&T CORP COM 001957109 3991 50000 SH CALL OTHER 01 x
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AIR TOUCH COMMUNICATIONS INC COM 00949T100 90905 940800 SH OTHER 01 x
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AMERICAN AXLE MFG HOLDINGS COM 024061103 6322 521400 SH OTHER 01 x
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AUTO DESK COM 052769106 2743 67831 SH OTHER 01 x
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AMERICA ONLINE COM 02364J104 36500 250000 SH PUT OTHER 01 x
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AXOGEN LTD HLDG COM G0690R108 5805 186500 SH OTHER 01 x
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BALLY TOTAL FITNESS HLDG CORP COM 05873K108 10788 451850 SH OTHER 01 x
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BIOMATRIX COM 09060P102 686 8799 SH OTHER 01 x
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BP AMOCO PLC SPONSORED ADR 055622104 26350 261049 SH OTHER 01 x
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CAMPBELL RESOURCES INC COM 134422104 334 1120000 SH OTHER 01 x
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CHEMFIRST INC COM 16361A106 9588 408000 SH OTHER 01 x
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CHUBB CORP COM 171232101 1728 29500 SH OTHER 01 x
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CITY INVESTING CO LIQUID TRUST UNIT BEN INT 177900107 752 586900 SH OTHER 01 x
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CLOROX CO COM 189054109 4824 41161 SH OTHER 01 x
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CONCENTRA MANAGED CARE INC COM 20589T103 4795 330700 SH OTHER 01 x
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CVS CORP COM 126650100 107740 2268200 SH OTHER 01 x
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DATA TRANSMISSION NETWRK CORP COM 238017107 11825 495300 SH OTHER 01 x
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DELL COMPUTER CORP COM 247025109 12263 300000 SH PUT OTHER 01 x
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DELL COMPUTER CORP COM 247025109 20438 500000 SH PUT OTHER 01 x
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EL PASO ELECTRIC CO COM 283677854 43871 5753600 SH OTHER 01 x
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EL PASO ENERGY CORP COM 283905107 11937 365200 SH OTHER 01 x
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ELAN PLC WT EXP 123101 284131703 12640 300500 SH OTHER 01 x
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EXCITE INC COM 300904109 12068 86200 SH OTHER 01 x
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FEDERAL MOGUL CORP COM 313549107 28685 667100 SH OTHER 01 x
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FRONTIER CORPORATION COM 35906P105 3113 60000 SH OTHER 01 x
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GLOBAL INDUSTRIAL TECH INC COM 379335102 5250 500000 SH OTHER 01 x
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GOLDEN STATE BANCORP WT EXP 000000 381197136 2901 599000 SH OTHER 01 x
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GTECH HOLDINGS CORP COM 400518106 6457 264900 SH OTHER 01 x
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IXC COMMUNICATIONS COM 450713102 64449 1404890 SH OTHER 01 x
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IXC COMMUNICATIONS COM 450713102 2294 50000 SH CALL OTHER 01 x
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INTELLIGENT POLYMERS LTD UNIT EXP 093000 45815V200 4200 150000 SH OTHER 01 x
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IRVINE APARTMENT CMNTYS INC COM 463606103 8692 264400 SH OTHER 01 x
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MCDERMOTT J RAY SA COM P64658100 38393 1285130 SH OTHER 01 x
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KONINKLIJKE PHILIPS ELECTRS NV SPONSORED ADR 500472105 78588 953300 SH OTHER 01 x
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LAKES GAMING INC COM 51206P109 4727 577349 SH OTHER 01 x
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LASER MORTGAGE MANAGEMENT INC COM 51806D100 17813 3275900 SH OTHER 01 x
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LEARNING CO INC COM 522008101 47374 1633600 SH OTHER 01 x
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LEVEL 3 COMMUNICATIONS COM 52729N100 17475 240000 SH PUT OTHER 01 x
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LEVEL 3 COMMUNICATIONS COM 52729N100 4551 62500 SH PUT OTHER 01 x
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LEVEL ONE COMM INC COM 527295109 18050 371200 SH OTHER 01 x
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LIGAND PHARMACEUTICALS INC WT B EXP 060300 53220K116 625 198172 SH OTHER 01 x
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LUCASVARITY PLC SPONSORED ADR 549395101 37486 810500 SH OTHER 01 x
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LUCENT TECHNOLOGIES INC. COM 549463107 22493 417500 SH PUT OTHER 01 x
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MACK CALI REALTY CORP COM 554489104 15877 540500 SH OTHER 01 x
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MCDERMOTT INTL INC COM 580037109 15333 605750 SH OTHER 01 x
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McKESSON HBOC INC COM 58155Q103 1207 18294 SH OTHER 01 x
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MEDPARTNERS INC COM 58503X107 24147 5083600 SH OTHER 01 x
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MOBIL CORP COM 607059102 32734 371972 SH OTHER 01 x
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MONY GROUP INC COM 615337102 21778 875500 SH OTHER 01 x
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MORGAN STANLEY DEAN WITTER & CO COM 617446448 25924 259400 SH OTHER 01 x
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MORGAN STANLEY DEAN WITTER & CO COM 617446448 7995 80000 SH CALL OTHER 01 x
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MORTON INTL INC COM 619335102 43810 1192100 SH OTHER 01 x
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NATL AUSTRALIA BK LTD CAP UTS EXCHBL 632525309 7828 250000 SH OTHER 01 x
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NEWELL RUBBERMAID INC COM 651229106 1877 39510 SH OTHER 01 x
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PARK PLACE ENTERTAINMENT COM 700690100 96095 12706820 SH OTHER 01 x
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PEDIATRIX MEDICAL GROUP COM 705324101 16819 598000 SH OTHER 01 x
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PICTURETEL CORP COM 720035302 12869 1838400 SH OTHER 01 x
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PIONEER HI-BRED INTL INC COM 723686101 19941 530000 SH OTHER 01 x
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PLATINUM TECHNOLOGY INTL INC COM 72764T101 7398 293000 SH OTHER 01 x
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POWERHOUSE TECHNOLOGIES INC COM 739323103 8668 504300 SH OTHER 01 x
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PULITZER INC COM 745769109 4044 100000 SH OTHER 01 x
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QWST COMMUNICATIONS INTL INC COM 749121109 23130 320000 SH PUT OTHER 01 x
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QWST COMMUNICATIONS INTL INC COM 749121109 5783 80000 SH PUT OTHER 01 x
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REYNOLDS METALS CO COM 761763101 176737 3658200 SH OTHER 01 x
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SCOTTISH ANNUITY & LIFE HLDGS COM G7885T104 4657 477600 SH OTHER 01 x
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SHAW COMM INC CL B CONV 82028K200 32291 1003200 SH OTHER 01 x
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SHELL TRANSPORT & TRADING ADR 822703609 21450 528000 SH OTHER 01 x
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SPX CORP COM 784635104 17290 342800 SH OTHER 01 x
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ST JOE COMPANY COM 790148100 44016 1815100 SH OTHER 01 x
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SUNDSTRAND CORP COM 867323107 14456 208000 SH OTHER 01 x
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SUNTRUST BKS INC COM 867914103 299 4800 SH OTHER 01 x
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TELECOM ITALIA SPA SPONS ADR ORD 87927W106 4697 45000 SH OTHER 01 x
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TELESPECTRUM WORLD WIDE INC COM 87951U109 15076 1760700 SH OTHER 01 x
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TRAMMELL CROW CO COM 89288R106 14338 775000 SH OTHER 01 x
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TRANSAMERICA CORP COM 893485102 93060 1310700 SH OTHER 01 x
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UGI CORP COM 902681105 18567 1112600 SH OTHER 01 x
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UNION CAMP CORP COM 905530101 51377 765400 SH OTHER 01 x
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VALUEVISION INTL INC CL A 92047K107 11027 895600 SH OTHER 01 x
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WADDELL & REED FINANCIAL INC CL A 930059100 6634 323588 SH OTHER 01 x
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WADDELL & REED FINANCIAL INC CL B 930059209 40720 2048788 SH OTHER 01 x
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WESTCORP COM 957907108 1815 234200 SH OTHER 01 x
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WHITTAKER CORP COM 966680407 219 10000 SH OTHER 01 x
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XYLAN CORP COM 984151100 5522 150000 SH OTHER 01 x
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YPF SOCIEDAD ANONIMA SPONS ADR 984245100 8727 276500 SH OTHER 01 x
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ZENECA GROUP PLC SPONS ADR 98934D106 10627 225800 SH OTHER 01 x
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</TABLE>
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Note 1
RESOLUTION OF THE MANAGING MEMBERS
AUTHORIZATION TO SIGN
REGULATORY REPORTS
The undersigned, being the Managing Members of Highfields Associates LLC and
Highfields GP LLC , the general partner of Highfields Capital Management LP,
each a Delaware limited liability company (the "Companies"),
recognizing the need for the prompt preparation and execution of reports
required by various regulatory authorities, do hereby adopt the following
resolution and consent to the actions to be taken thereby:
RESOLVED, that Kenneth H. Colburn ("Colburn") is authorized to
sign on behalf of the Companies, or on behalf of each of the undersigned in his
individual capacity, all reports, applications, filings and correspondence in
connection with reporting requirements ("Regulatory Reports") of any
and all federal regulatory authorities, including the Commodity Futures Trading
Commission, the Securities and Exchange Commission and the Interstate Commerce
Commission, and of any and all foreign, state, United States territorial and
local regulatory authorities. Regulatory reports do not include any documents
specifically required to be signed by one or both of the Managing Members or a
chief executive officer of the Companies, or agreements, consents or
authorizations to act on behalf of the Companies. However, Colburn is authorized
to sign any resolution or consent appearing on any Regulatory Report with
respect to appointing the signatory thereof.
/s/ Jonathon S. Jacobson
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Jonathon S. Jacobson
Managing Member
/s/ Richard L. Grubman
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Richard L. Grubman
Managing Member
Date: May 14, 1999
