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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