| Quarter Ending 06/30/2007 | 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 | ALDABRA 2 ACQUISITION CORP | 1,200,000 | $10.00 | $12,000,000 | |||||
| N/A | N/A | COLUMBUS ACQUIS*W EXP 05/18/201 | 750,000 | $0.85 | $638,000 | |||||
| N/A | N/A | COLUMBUS ACQUISITION CORP | 750,000 | $7.41 | $5,558,000 | |||||
| N/A | N/A | FIRST AMERN CORP CALIF | 1,005,800 | $49.50 | $49,787,000 | |||||
| N/A | N/A | HANOVER COMPRESSOR CO | 225,438 | $23.85 | $5,377,000 | |||||
| N/A | N/A | HARBOR ACQUISIT*W EXP 04/25/201 | 3,583,000 | $0.40 | $1,433,000 | |||||
| N/A | N/A | MBF HEALTHCARE ACQUISITION C | 575,000 | $8.30 | $4,773,000 | |||||
| N/A | N/A | MEDIA & ENTMT*W EXP 03/09/201 | 725,000 | $1.12 | $812,000 | |||||
| N/A | N/A | OCEANAUT INCEXP 01/01/201 | 575,800 | $1.35 | $777,000 | |||||
| N/A | N/A | SANTA MONICA MEDIA CORP | 750,000 | $7.46 | $5,595,000 | |||||
| N/A | N/A | SCHOOL SPECIALTY INC | 1,018,893 | $35.44 | $36,110,000 | |||||
| N/A | N/A | UNIVERSAL COMPRESSION HLDGS | 649,466 | $72.47 | $47,067,000 | |||||
| N/A | N/A | VANTAGE ENERGY SERVICES INC | 675,000 | $7.60 | $5,130,000 | |||||
| N/A | N/A | VICTORY ACQUISITION CORP | 400,000 | $9.43 | $3,772,000 | |||||
| N/A | N/A | |||||||||
| ***** SOLD OFF | ||||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |||
| N/A | N/A | COLD SPRING CAP INC | 2,332,050 | $5.64 | $13,153,000 | |||||
| N/A | N/A | COURTSIDE ACQUISITION CORP | 1,495,500 | $5.53 | $8,270,000 | |||||
| N/A | N/A | HEALTHSOUTH CORP | 500,000 | $21.01 | $10,505,000 | |||||
| N/A | N/A | UNION STREET AC*W EXP 02/05/201 | 624,900 | $0.61 | $381,000 | |||||
| ***** HOLD POSITIONS | ||||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |||
| 0.00% | -18.36% | CLEARPOINT BUSINESS RES INC | 576,700 | 576,700 | $4.98 | $6.10 | $2,872,000 | $3,518,000 | ||
| 0.00% | 1.93% | COMMUNITY BANKERS ACQUISITN | 927,400 | 927,400 | $7.40 | $7.26 | $6,863,000 | $6,733,000 | ||
| 0.00% | 0.84% | CORE MARK HOLDING CO INC | 422,245 | 422,245 | $35.98 | $35.68 | $15,192,000 | $15,066,000 | ||
| 0.00% | 15.05% | FREEDOM ACQUISITION HLDGS IN | 1,800,000 | 1,800,000 | $11.01 | $9.57 | $19,818,000 | $17,226,000 | ||
| 0.00% | 2.21% | GLOBAL LOGISTICS ACQUISITION | 1,160,100 | 1,160,100 | $7.87 | $7.70 | $9,130,000 | $8,933,000 | ||
| 0.00% | 1.23% | GRUBB&ELLIS RLTY ADVISORS IN | 2,948,100 | 2,948,100 | $5.76 | $5.69 | $16,981,000 | $16,775,000 | ||
| 0.00% | 3.84% | HARBOR ACQUISITION CORPORATI | 1,663,200 | 1,663,200 | $5.68 | $5.47 | $9,447,000 | $9,098,000 | ||
| 0.00% | 1.97% | HD PARTNERS ACQUISITION CORP | 1,129,700 | 1,129,700 | $7.65 | $7.50 | $8,640,000 | $8,473,000 | ||
| 0.00% | -1.20% | HEALTHCARE ACQUISITION CP NE | 168,900 | 168,900 | $7.30 | $7.39 | $1,233,000 | $1,248,000 | ||
| 0.00% | 7.10% | HOME DEPOT INC | 1,500,000 | 1,500,000 | $39.35 | $36.74 | $59,025,000 | $55,110,000 | ||
| 0.00% | -1.72% | INDIA GLOBALIZATION CAP INC | 1,066,800 | 1,066,800 | $5.74 | $5.84 | $6,123,000 | $6,230,000 | ||
| 0.00% | 60.32% | INFORMATION SER*W EXP 01/31/201 | 500,000 | 500,000 | $1.01 | $0.63 | $505,000 | $315,000 | ||
| 0.00% | 2.55% | INFORMATION SERVICES GROUP I | 500,000 | 500,000 | $7.65 | $7.46 | $3,825,000 | $3,730,000 | ||
| 0.00% | 0.00% | JK ACQUISITION CORP | 1,453,300 | 1,453,300 | $5.80 | $5.80 | $8,429,000 | $8,429,000 | ||
| 0.00% | -7.85% | MEDIA & ENTMT HOLDINGS INC | 725,000 | 725,000 | $7.40 | $8.03 | $5,365,000 | $5,822,000 | ||
| 0.00% | 0.12% | NATIONAL FUEL GAS CO N J | 500,000 | 500,000 | $43.31 | $43.26 | $21,655,000 | $21,630,000 | ||
| 0.00% | -8.26% | NEWS CORP | 1,968,100 | 1,968,100 | $21.21 | $23.12 | $41,743,000 | $45,502,000 | ||
| 0.00% | 1.73% | NORTH AMERN INS LEADERS INC | 1,293,300 | 1,293,300 | $7.67 | $7.54 | $9,920,000 | $9,751,000 | ||
| 0.00% | -3.18% | OCEANAUT INC | 625,000 | 625,000 | $7.60 | $7.85 | $4,750,000 | $4,906,000 | ||
| 0.00% | 14.83% | QUANTA CAPITAL HLDGS LTD | 6,950,000 | 6,950,000 | $2.40 | $2.09 | $16,680,000 | $14,526,000 | ||
| 0.00% | 9.24% | SHANGHAI CENTURY ACQUISIT CO | 1,321,733 | 1,321,733 | $8.40 | $7.69 | $11,103,000 | $10,164,000 | ||
| 0.00% | 19.61% | STAR MARITIME ACQUISITION CO | 2,845,200 | 2,845,200 | $12.26 | $10.25 | $34,882,000 | $29,163,000 | ||
| 0.00% | 2.17% | UNION STREET ACQ CORP | 625,000 | 625,000 | $7.52 | $7.36 | $4,700,000 | $4,600,000 | ||
| ***** AUGMENTED POSITIONS | ||||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |||
| 28.99% | -22.10% | 584,484 | ACUSPHERE INC | 2,600,582 | 2,016,098 | $2.15 | $2.76 | $5,591,000 | $5,564,000 | |
| 1.67% | -36.28% | 4,800 | HUTCHISON TELECOMM INTL LTD | 292,100 | 287,300 | $19.49 | $30.59 | $5,694,000 | $8,789,000 | |
| 8.20% | 3.14% | 400,000 | MARATHON ACQUISITION CORP | 5,277,639 | 4,877,639 | $7.88 | $7.64 | $41,588,000 | $37,265,000 | |
| 13.33% | 10.81% | 741,088 | OMNOVA SOLUTIONS INC | 6,302,488 | 5,561,400 | $6.05 | $5.46 | $38,130,000 | $30,365,000 | |
| 8.86% | 40.78% | 350,000 | SLM CORP | 4,300,000 | 3,950,000 | $57.58 | $40.90 | $247,594,000 | $161,555,000 | |
| 28.86% | -7.76% | 432,936 | SYNERON MEDICAL LTD | 1,932,936 | 1,500,000 | $24.95 | $27.05 | $48,227,000 | $40,575,000 | |
| 60.56% | 76.16% | 366,600 | U.S. AUTO PARTS NETWORK INC | 972,000 | 605,400 | $9.46 | $5.37 | $9,195,000 | $3,251,000 | |
| ***** REDUCED POSITIONS | ||||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |||
| -47.20% | 19.87% | -2,950,000 | DOMTAR CORP | 3,300,000 | 6,250,000 | $11.16 | $9.31 | $36,828,000 | $58,188,000 | |
| -48.54% | 3.85% | -261,485 | GENERAL FINANCE CORP | 277,215 | 538,700 | $7.87 | $7.58 | $2,182,000 | $4,083,000 | |
| -28.77% | -0.18% | -187,000 | HORIZON LINES INC | 463,000 | 650,000 | $32.76 | $32.82 | $15,168,000 | $21,333,000 | |
| -36.81% | -9.58% | -534,862 | INFOSPACE INC | 918,138 | 1,453,000 | $23.21 | $25.67 | $21,310,000 | $37,299,000 | |
| -7.10% | 7.22% | -100,000 | MULTIMEDIA GAMES INC | 1,308,873 | 1,408,873 | $12.76 | $11.90 | $16,701,000 | $16,766,000 | |