| Quarter Ending 3/31/2011 | 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 | ALLIED NEVADA GOLD CORP | 2,456,398 | $35.48 | $87,153,000 | ||||
| N/A | N/A | SYCAMORE NETWORKS INC | 100,000 | $24.43 | $2,443,000 | ||||
| ***** SOLD OFF | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| N/A | N/A | REGENERON PHARMACEUTICALS | 1,000,000 | $32.83 | $32,830,000 | ||||
| ***** HOLD POSITIONS | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| 0.00% | 6.94% | ALERE INC | 3,100,000 | 3,100,000 | $39.14 | $36.60 | $121,334,000 | $113,460,000 | |
| 0.00% | -5.19% | ALLIANCE ONE INTL INC | 8,786,700 | 8,786,700 | $4.02 | $4.24 | $35,323,000 | $37,256,000 | |
| 0.00% | -7.30% | AUDIOVOX CORP | 1,060,576 | 1,060,576 | $8.00 | $8.63 | $8,485,000 | $9,153,000 | |
| 0.00% | 2.69% | MULTIMEDIA GAMES INC | 2,600,000 | 2,600,000 | $5.73 | $5.58 | $14,898,000 | $14,508,000 | |
| 0.00% | 20.74% | NEWS CORP | 19,050,000 | 19,050,000 | $17.58 | $14.56 | $334,899,000 | $277,368,000 | |
| 0.00% | -3.39% | THERAVANCE INC | 13,000,000 | 13,000,000 | $24.22 | $25.07 | $314,860,000 | $325,910,000 | |
| 0.00% | 0.89% | THERAVANCE INC NOTE 3.000% | 51,000,000 | 51,000,000 | $1.14 | $1.13 | $58,076,000 | $57,566,000 | |
| 0.00% | -10.29% | VIASAT INC | 10,051,492 | 10,051,492 | $39.84 | $44.41 | $400,451,000 | $446,387,000 | |
| 0.00% | 27.97% | SYNERON MEDICAL LTD | 1,500,000 | 1,500,000 | $13.04 | $10.19 | $19,560,000 | $15,285,000 | |
| ***** AUGMENTED POSITIONS | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| 76.25% | -8.89% | 1,525,000 | AVEO PHARMACEUTICALS INC | 3,525,000 | 2,000,000 | $13.32 | $14.62 | $46,953,000 | $29,240,000 |
| 87.30% | -6.90% | 4,891,825 | PDL BIOPHARMA INC | 10,495,225 | 5,603,400 | $5.80 | $6.23 | $60,872,000 | $34,909,000 |
| ***** REDUCED POSITIONS | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| -30.55% | 7.89% | -1,329,000 | BREITBURN ENERGY PARTNERS LP | 3,021,000 | 4,350,000 | $21.73 | $20.14 | $65,646,000 | $87,609,000 |
| -34.69% | -0.85% | -5,550,000 | CAPITALSOURCE INC | 10,450,000 | 16,000,000 | $7.04 | $7.10 | $73,568,000 | $113,600,000 |
| -0.71% | -10.36% | -64,300 | ENZON PHARMACEUTICALS INC | 9,000,878 | 9,065,178 | $10.90 | $12.16 | $98,110,000 | $110,233,000 |
| -2.06% | -14.24% | -35,400 | ITURAN LOCATION AND CONTROL | 1,685,666 | 1,721,066 | $15.00 | $17.49 | $25,285,000 | $30,101,000 |
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