Quarter Ending 12/31/2011 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 TARGACEPT INC 6,000,000 $5.57 $33,420,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A BREITBURN ENERGY PARTNERS LP 2,500,000 $17.40 $43,500,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% 11.47% ALLIANCE ONE INTL INC 8,786,700 8,786,700 $2.72 $2.44 $23,900,000 $21,440,000
0.00% 25.19% CENTRAL PAC FINL CORP 1,800,000 1,800,000 $12.92 $10.32 $23,256,000 $18,576,000
0.00% -4.83% ENZON PHARMACEUTICALS INC 9,000,878 9,000,878 $6.70 $7.04 $60,306,000 $63,366,000
0.00% 14.11% GENWORTH FINL INC 10,000,000 10,000,000 $6.55 $5.74 $65,500,000 $57,400,000
0.00% 4.30% MICROSOFT CORP 12,000,000 12,000,000 $25.96 $24.89 $311,520,000 $298,680,000
0.00% 96.54% MULTIMEDIA GAMES HLDG CO INC 2,525,000 2,525,000 $7.94 $4.04 $20,049,000 $10,201,000
0.00% -0.82% SYCAMORE NETWORKS INC 530,871 530,871 $17.90 $18.05 $9,503,000 $9,582,000
0.00% 9.73% THERAVANCE INC 14,225,961 14,225,961 $22.10 $20.14 $314,394,000 $286,511,000
0.00% 1.79% THERAVANCE INC NOTE 3.000% 51,000,000 51,000,000 $1.07 $1.05 $54,443,000 $53,486,000
0.00% 38.46% VIASAT INC 10,499,992 10,499,992 $46.12 $33.31 $484,260,000 $349,755,000
0.00% 17.25% ITURAN LOCATION AND CONTROL 1,685,666 1,685,666 $13.66 $11.65 $23,026,000 $19,638,000
0.00% 11.71% SYNERON MEDICAL LTD 4,000,000 4,000,000 $11.07 $9.91 $44,280,000 $39,640,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
14.65% -15.44% 512,750 ALLIED NEVADA GOLD CORP 4,012,750 3,500,000 $30.28 $35.81 $121,506,000 $125,335,000
1.69% 11.76% 84,652 AVEO PHARMACEUTICALS INC 5,084,652 5,000,000 $17.20 $15.39 $87,456,000 $76,950,000
126.60% 49.20% 3,165,000 IDENIX PHARMACEUTICALS INC 5,665,000 2,500,000 $7.45 $4.99 $42,176,000 $12,475,000
148.84% 16.54% 6,375,160 NEWS CORP CL B 10,658,335 4,283,175 $18.18 $15.60 $193,769,000 $66,818,000
49.33% 31.47% 2,466,275 NOVAGOLD RES INC 7,466,275 5,000,000 $8.48 $6.45 $63,314,000 $32,250,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-35.48% 17.51% -1,100,000 ALERE INC 2,000,000 3,100,000 $23.09 $19.65 $46,180,000 $60,915,000
-12.67% 18.49% -1,740,950 BP PLC 12,000,000 13,740,950 $42.74 $36.07 $512,880,000 $495,636,000
-9.64% 14.74% -2,000,000 HEWLETT PACKARD CO 18,750,000 20,750,000 $25.76 $22.45 $483,000,000 $465,838,000
-28.51% 15.25% -6,000,000 NEWS CORP CL A 15,041,665 21,041,665 $17.84 $15.48 $268,343,000 $325,725,000
-48.84% 11.71% -7,636,000 PDL BIOPHARMA INC 8,000,000 15,636,000 $6.20 $5.55 $49,600,000 $86,780,000
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