Quarter Ending 12/31/2009 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 CIT GROUP INC 2,582,186 $27.61 $71,294,000
N/A N/A DIRECTV CL A 1,617,471 $33.35 $53,943,000
N/A N/A LIBERTY MEDIA CORP NEW COM A 422,216 $46.15 $19,485,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A BPW ACQUISITION CORP *W 573,900 $0.45 $258,000
N/A N/A ENTERPRISE ACQUISITION CORP *W  1,250,000 $0.26 $325,000
N/A N/A GLOBAL CONSUMER ACQST CORP *W 2,963,000 $0.73 $2,163,000
N/A N/A LIBERTY MEDIA CORP NEW SER A 4,222,160 $31.11 $131,351,000
N/A N/A PROSPECT ACQUISITION CORP *W 2,500,000 $0.60 $1,500,000
N/A N/A RHI ENTMT INC DEL 4,900,551 $3.12 $15,290,000
N/A N/A SP ACQUISITION HOLDINGS INC *W  1,580,700 $0.09 $142,000
N/A N/A TM ENTMT & MEDIA INC *W 525,000 $0.29 $152,000
N/A N/A TREMISIS ENERGY ACQ CORP II *W  325,000 $0.12 $39,000
N/A N/A OVERTURE ACQUISITION CORP *W 1,000,000 $0.24 $240,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% 8.93% ALLIANCE ONE INTL INC 8,800,000 8,800,000 $4.88 $4.48 $42,944,000 $39,424,000
0.00% 3.51% AUDIOVOX CORP CL A 1,797,286 1,797,286 $7.09 $6.85 $12,743,000 $12,311,000
0.00% -6.86% BREITBURN ENERGY PARTNERS LP 8,495,939 8,495,939 $10.59 $11.37 $89,972,000 $96,599,000
0.00% 8.25% CAPITALSOURCE INC 7.25% NOTE 48,298,000 48,298,000 $0.90 $0.83 $43,589,000 $40,268,000
0.00% 1.50% FACET BIOTECH CORP 3,506,875 3,506,875 $17.55 $17.29 $61,546,000 $60,634,000
0.00% 17.38% MULTIMEDIA GAMES INC 2,600,000 2,600,000 $6.01 $5.12 $15,626,000 $13,312,000
0.00% -6.94% THERAVANCE INC 3% NOTE 41,500,000 41,500,000 $0.79 $0.85 $32,681,000 $35,119,000
0.00% 24.27% ITURAN LOCATION AND CONTROL 1,721,066 1,721,066 $12.82 $10.32 $22,071,000 $17,761,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
15.41% -8.53% 2,707,300 CAPITALSOURCE INC 20,278,400 17,571,100 $3.97 $4.34 $80,505,000 $76,259,000
290.19% 27.64% 6,011,018 ENZON PHARMACEUTICALS INC 8,082,400 2,071,382 $10.53 $8.25 $85,108,000 $17,089,000
11.80% -10.72% 1,066,259 THERAVANCE INC 10,100,000 9,033,741 $13.07 $14.64 $132,007,000 $132,254,000
61.36% 19.56% 1,869,385 VIASAT INC 4,915,901 3,046,516 $31.78 $26.58 $156,227,000 $80,976,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-2.89% 6.71% -5,000,000 CAPITALSOURCE INC 4% DBCV 168,157,000 173,157,000 $0.92 $0.86 $153,864,000 $148,482,000
-10.33% 57.33% -334,071 DOMTAR CORP 2,900,000 3,234,071 $55.41 $35.22 $160,689,000 $113,904,000
-0.61% 14.47% -150,000 NEWS CORP CL A 24,450,000 24,600,000 $13.69 $11.96 $334,721,000 $294,216,000
-63.71% -73.33% -3,950,000 SAPPHIRE INDUSTRIALS CORP *W 2,250,000 6,200,000 $0.12 $0.45 $270,000 $2,790,000
-28.44% -8.41% -596,235 SYNERON MEDICAL LTD 1,500,000 2,096,235 $10.45 $11.41 $15,675,000 $23,918,000
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