| 5/12/2007 | Back to the Enlightened American Website | ||||||||
| Seth Klarman's Baupost Fund | |||||||||
| ***** NEW POSITIONS TAKEN | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| N/A | N/A | CLEARPOINT BUSINESS RES INCC | 576,700 | $6.10 | $3,518,000 | ||||
| N/A | N/A | DOMTAR CORPC | 6,250,000 | $9.31 | $58,188,000 | ||||
| N/A | N/A | FREEDOM ACQUISITION HLDGS INC | 1,800,000 | $9.57 | $17,226,000 | ||||
| N/A | N/A | HUTCHISON TELECOMM INTL LTDS | 287,300 | $30.59 | $8,789,000 | ||||
| N/A | N/A | INFORMATION SERVICES GROUP I* | 500,000 | $0.63 | $315,000 | ||||
| N/A | N/A | INFORMATION SERVICES GROUP IC | 500,000 | $7.46 | $3,730,000 | ||||
| N/A | N/A | MEDIA & ENTMT HOLDINGS INCU | 725,000 | $8.03 | $5,822,000 | ||||
| N/A | N/A | OCEANAUT INCU | 625,000 | $7.85 | $4,906,000 | ||||
| N/A | N/A | SLM CORPC | 3,950,000 | $40.90 | $161,555,000 | ||||
| N/A | N/A | U.S. AUTO PARTS NETWORK INCC | 605,400 | $5.37 | $3,251,000 | ||||
| N/A | N/A | UNION STREET ACQ CORP* | 624,900 | $0.61 | $381,000 | ||||
| N/A | N/A | UNION STREET ACQ CORPC | 625,000 | $7.36 | $4,600,000 | ||||
| ***** SOLD OFF | |||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | ||
| N/A | N/A | ACQUICOR TECHNOLOGY INCC | 3,377,983 | $5.62 | $18,984,000 | ||||
| N/A | N/A | ALLIANCE ONE INTL INCC | 138,470 | $7.06 | $978,000 | ||||
| N/A | N/A | APOLLO GROUP INCC | 1,431,600 | $38.97 | $55,789,000 | ||||
| N/A | N/A | DIME BANCORP INC NEW* | 780,000 | $0.14 | $112,000 | ||||
| N/A | N/A | ENCORE WIRE CORPC | 333,826 | $22.01 | $7,348,000 | ||||
| N/A | N/A | ENDEAVOR ACQUISITION CORPC | 233,100 | $9.19 | $2,142,000 | ||||
| N/A | N/A | MILLS CORPC | 5,071,500 | $20.00 | $101,430,000 | ||||
| N/A | N/A | TRM CORPC | 1,353,000 | $2.14 | $2,895,000 | ||||
| N/A | N/A | ||||||||
| ***** HOLD POSITIONS | |||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | ||
| 0.00% | 13.11% | ACUSPHERE INCC | 2,016,098 | 2,016,098 | $2.76 | $2.44 | $5,564,000 | $4,919,000 | |
| 0.00% | 3.66% | COLD SPRING CAP INCC | 2,332,050 | 2,332,050 | $5.64 | $5.44 | $13,153,000 | $12,689,000 | |
| 0.00% | 1.54% | COMMUNITY BANKERS ACQUISITNC | 927,400 | 927,400 | $7.26 | $7.15 | $6,733,000 | $6,631,000 | |
| 0.00% | 1.83% | COURTSIDE ACQUISITION CORPC | 1,495,500 | 1,495,500 | $5.53 | $5.43 | $8,270,000 | $8,121,000 | |
| 0.00% | -1.57% | GENERAL FINANCE CORPC | 538,700 | 538,700 | $7.58 | $7.70 | $4,083,000 | $4,148,000 | |
| 0.00% | 0.79% | GLOBAL LOGISTICS ACQUISITIONC | 1,160,100 | 1,160,100 | $7.70 | $7.64 | $8,933,000 | $8,863,000 | |
| 0.00% | 0.71% | GRUBB&ELLIS RLTY ADVISORS INC | 2,948,100 | 2,948,100 | $5.69 | $5.65 | $16,775,000 | $16,657,000 | |
| 0.00% | 2.05% | HD PARTNERS ACQUISITION CORPC | 1,129,700 | 1,129,700 | $7.50 | $7.35 | $8,473,000 | $8,303,000 | |
| 0.00% | -0.32% | HEALTHCARE ACQUISITION CP NEC | 168,900 | 168,900 | $7.39 | $7.41 | $1,248,000 | $1,252,000 | |
| 0.00% | 0.00% | INDIA GLOBALIZATION CAP INCC | 1,066,800 | 1,066,800 | $5.84 | $5.84 | $6,230,000 | $6,230,000 | |
| 0.00% | 2.65% | JK ACQUISITION CORPC | 1,453,300 | 1,453,300 | $5.80 | $5.65 | $8,429,000 | $8,211,000 | |
| 0.00% | 12.25% | NATIONAL FUEL GAS CO N JC | 500,000 | 500,000 | $43.26 | $38.54 | $21,630,000 | $19,270,000 | |
| 0.00% | 2.72% | NORTH AMERN INS LEADERS INCC | 1,293,300 | 1,293,300 | $7.54 | $7.34 | $9,751,000 | $9,493,000 | |
| 0.00% | -2.79% | QUANTA CAPITAL HLDGS LTDS | 6,950,000 | 6,950,000 | $2.09 | $2.15 | $14,526,000 | $14,943,000 | |
| 0.00% | 5.20% | SHANGHAI CENTURY ACQUISIT COS | 1,321,733 | 1,321,733 | $7.69 | $7.31 | $10,164,000 | $9,662,000 | |
| 0.00% | 4.49% | STAR MARITIME ACQUISITION COC | 2,845,200 | 2,845,200 | $10.25 | $9.81 | $29,163,000 | $27,911,000 | |
| 0.00% | -0.29% | SYNERON MEDICAL LTDO | 1,500,000 | 1,500,000 | $27.05 | $27.13 | $40,575,000 | $40,695,000 | |
| ***** AUGMENTED POSITIONS | |||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | ||
| 11.08% | 0.56% | 165,900 | HARBOR ACQUISITION CORPORATIC | 1,663,200 | 1,497,300 | $5.47 | $5.44 | $9,098,000 | $8,145,000 |
| 55.82% | 1.87% | 1,747,239 | MARATHON ACQUISITION CORPC | 4,877,639 | 3,130,400 | $7.64 | $7.50 | $37,265,000 | $23,478,000 |
| ***** REDUCED POSITIONS | |||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | ||
| -5.65% | 6.67% | -25,300 | CORE MARK HOLDING CO INCC | 422,245 | 447,545 | $35.68 | $33.45 | $15,066,000 | $14,970,000 |
| -50.00% | -7.24% | -500,000 | HEALTHSOUTH CORPC | 500,000 | 1,000,000 | $21.01 | $22.65 | $10,505,000 | $22,650,000 |
| -31.82% | -8.52% | -700,000 | HOME DEPOT INCC | 1,500,000 | 2,200,000 | $36.74 | $40.16 | $55,110,000 | $88,352,000 |
| -35.16% | 21.73% | -352,400 | HORIZON LINES INCC | 650,000 | 1,002,400 | $32.82 | $26.96 | $21,333,000 | $27,025,000 |
| -17.11% | 25.16% | -300,000 | INFOSPACE INCC | 1,453,000 | 1,753,000 | $25.67 | $20.51 | $37,299,000 | $35,954,000 |
| -5.67% | 23.96% | -84,700 | MULTIMEDIA GAMES INCC | 1,408,873 | 1,493,573 | $11.90 | $9.60 | $16,766,000 | $14,338,000 |
| -53.05% | 7.63% | -2,223,600 | NEWS CORPC | 1,968,100 | 4,191,700 | $23.12 | $21.48 | $45,502,000 | $90,038,000 |
| -23.19% | 19.21% | -1,679,146 | OMNOVA SOLUTIONS INCC | 5,561,400 | 7,240,546 | $5.46 | $4.58 | $30,365,000 | $33,162,000 |