Quarter Ending 03/31/2009 Back to the Enlightened American Website
Seth Klarman (Baupost Group)
*****  NEW POSITIONS TAKEN
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A ATLAS PIPELINE HOLDINGS LP 287,528 $3.78 $1,087,000
N/A N/A CENTERPLATE INCUNIT       2,209,051 $1.71 $3,777,000
N/A N/A CHINA HLDGS ACQUISITION CORP 1,050,000 $8.80 $9,240,000
N/A N/A IAC INTERACTIVECORP 2,740,542 $15.73 $43,109,000
N/A N/A LIBERTY MEDIA CORP NEWCAP   3,461,368 $4.71 $16,303,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% 6.91% ACERGY S A 345,517 345,517 $6.18 $5.78 $2,135,000 $1,997,000
0.00% 30.61% ALLIANCE ONE INTL INC 6,156,400 6,156,400 $3.84 $2.94 $23,641,000 $18,100,000
0.00% -31.54% AUDIOVOX CORP 1,915,086 1,915,086 $3.43 $5.01 $6,569,000 $9,595,000
0.00% 6.98% BPW ACQUISITION CORP 573,900 573,900 $0.16 $0.15 $92,000 $86,000
0.00% -48.28% COLUMBUS ACQUISITION CORP *W 750,000 750,000 $0.02 $0.04 $15,000 $29,000
0.00% -34.21% ENTERPRISE ACQUISITION CORP *W  1,250,000 1,250,000 $0.02 $0.03 $25,000 $38,000
0.00% -24.79% EXTERRAN HLDGS INC 4,928,925 4,928,925 $16.02 $21.30 $78,961,000 $104,986,000
0.00% -10.00% GHL ACQUISITION CORP *W 1,250,000 1,250,000 $0.18 $0.20 $225,000 $250,000
0.00% 55.43% GLOBAL CONSUMER ACQST CORP *W 2,963,000 2,963,000 $0.14 $0.09 $415,000 $267,000
0.00% -13.18% HORIZON LINES INC 3,641,545 3,641,545 $3.03 $3.49 $11,034,000 $12,709,000
0.00% 220.00% KBL HEALTHCARE ACQUIS CORP *W 235,000 235,000 $0.07 $0.02 $16,000 $5,000
0.00% 14.13% LIBERTY MEDIA CORP NEWENT   4,162,901 4,162,901 $19.95 $17.48 $83,050,000 $72,768,000
0.00% N/A MBF HEALTHCARE ACQUISITION C *W 243,900 243,900 $0.00 $0.05 $0 $13,000
0.00% 200.00% MEDIA & ENTMT HOLDINGS INC*W  725,000 725,000 $0.00 $0.00 $3,000 $1,000
0.00% -9.66% MULTIMEDIA GAMES INC 2,600,000 2,600,000 $2.15 $2.38 $5,590,000 $6,188,000
0.00% -19.62% NEWS CORP CL B 5,390,600 5,390,600 $7.70 $9.58 $41,508,000 $51,642,000
0.00% -22.13% PRE PAID LEGAL SVCS INC 60,592 60,592 $29.03 $37.28 $1,759,000 $2,259,000
0.00% -28.57% PROSPECT ACQUISITION CORP *W 2,500,000 2,500,000 $0.05 $0.07 $125,000 $175,000
0.00% -68.77% SP ACQUISITION HOLDINGS INC *W  1,580,700 1,580,700 $0.05 $0.16 $79,000 $253,000
0.00% -25.00% SAPPHIRE INDUSTRIALS CORP *W 6,200,000 6,200,000 $0.12 $0.16 $744,000 $992,000
0.00% -31.25% TM ENTMT & MEDIA INC *W 525,000 525,000 $0.02 $0.03 $11,000 $16,000
0.00% 37.21% THERAVANCE INC 9,033,741 9,033,741 $17.00 $12.39 $153,574,000 $111,928,000
0.00% 27.14% THERAVANCE INC NOTE 3.000% 41,500,000 41,500,000 $0.78 $0.61 $32,318,000 $25,419,000
0.00% 200.00% TREMISIS ENERGY ACQ CORP II *W  325,000 325,000 $0.12 $0.04 $39,000 $13,000
0.00% -13.54% VIASAT INC 1,229,057 1,229,057 $20.82 $24.08 $25,589,000 $29,596,000
0.00% 40.00% OVERTURE ACQUISITION CORP *W 1,000,000 1,000,000 $0.07 $0.05 $70,000 $50,000
0.00% 3.83% ITURAN LOCATION AND CONTROL 1,721,066 1,721,066 $7.59 $7.31 $13,063,000 $12,581,000
0.00% -28.89% SYNERON MEDICAL LTD 3,086,619 3,086,619 $5.93 $8.34 $18,304,000 $25,742,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
4.15% -7.38% 338,500 BREITBURN ENERGY PARTNERS LP 8,495,939 8,157,439 $6.53 $7.05 $55,478,000 $57,510,000
765.81% -73.59% 26,356,461 CAPITALSOURCE INC 29,798,107 3,441,646 $1.22 $4.62 $36,354,000 $15,900,000
355.68% -3.70% 135,157,000 CAPITALSOURCE INC BCV 4.000% 173,157,000 38,000,000 $0.55 $0.58 $95,886,000 $21,850,000
96.23% -9.76% 23,685,000 CAPITALSOURCE INC NOTE 7.250% 48,298,000 24,613,000 $0.55 $0.62 $26,805,000 $15,137,000
21.32% -43.11% 7,133,659 DOMTAR CORP 40,585,858 33,452,199 $0.95 $1.67 $38,557,000 $55,865,000
57.80% -0.94% 1,602,315 FACET BIOTECH CORP 4,374,407 2,772,092 $9.50 $9.59 $41,557,000 $26,584,000
9.69% 3.42% 6,000,000 ISTAR FINL INC 67,930,000 61,930,000 $0.30 $0.29 $20,549,000 $18,115,000
62.31% -27.17% 10,557,028 NEWS CORP CL A 27,500,000 16,942,972 $6.62 $9.09 $182,050,000 $154,012,000
8.33% 14.56% 1,195,859 PDL BIOPHARMA INC 15,559,608 14,363,749 $7.08 $6.18 $110,162,000 $88,768,000
33.83% -81.28% 1,238,852 RHI ENTMT INC DEL 4,900,551 3,661,699 $1.52 $8.12 $7,449,000 $29,733,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-38.15% 57.56% -636,076 BORDERS GROUP INC 1,031,176 1,667,252 $0.63 $0.40 $650,000 $667,000
-91.14% 4.11% -2,050,538 GHL ACQUISITION CORP 199,462 2,250,000 $9.37 $9.00 $1,869,000 $20,250,000
-50.00% -0.47% -3,999,400 LINN ENERGY LLC 4,000,000 7,999,400 $14.90 $14.97 $59,600,000 $119,751,000
-8.46% 155.90% -500,900 OMNOVA SOLUTIONS INC 5,419,850 5,920,750 $1.74 $0.68 $9,431,000 $4,026,000