| Quarter Ending 12/31/2007 | 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 | |
| ALLIANCE ONE INTL INC | 3,060,832 | $4.07 | $12,458,000 | |||||||
| ATLAS PIPELINE PARTNERS LP | 1,661,363 | $42.85 | $71,189,000 | |||||||
| ATLAS PIPELINE HOLDINGS LP | 477,778 | $27.13 | $12,962,000 | |||||||
| AUDIOVOX CORP | 520,468 | $12.40 | $6,454,000 | |||||||
| BREITBURN ENERGY PARTNERS LP | 355,805 | $28.90 | $10,283,000 | |||||||
| CAPITOL ACQUISITION CORP DEL | 2,100,000 | $9.00 | $18,900,000 | |||||||
| ENTERPRISE ACQUISITION CORP | 1,250,000 | $9.05 | $11,313,000 | |||||||
| ENTERPRISE ACQUISITION CORP | 1,250,000 | $0.80 | $1,000,000 | |||||||
| ENTERPRISE GP HLDGS L P | 536,910 | $37.02 | $19,876,000 | |||||||
| GLOBAL BPO SVCS CORP | 2,500,000 | $7.20 | $18,000,000 | |||||||
| GLOBAL CONSUMER ACQST CORP | 2,963,000 | $9.92 | $29,393,000 | |||||||
| GOLDEN POND HEALTHCARE INC | 633,000 | $7.16 | $4,532,000 | |||||||
| GOLDEN POND HEALTHCARE INC | 633,000 | $0.70 | $443,000 | |||||||
| HECKMANN CORP | 5,000,000 | $7.35 | $36,750,000 | |||||||
| HECKMANN CORP | 2,700,000 | $0.71 | $1,917,000 | |||||||
| HICKS ACQUISITION CO I INC | 3,500,000 | $9.19 | $32,165,000 | |||||||
| HIGHLANDS ACQUISITION CORP | 525,000 | $9.00 | $4,725,000 | |||||||
| INTER ATLANTIC FINANCIAL INC | 575,000 | $7.28 | $4,186,000 | |||||||
| LINN ENERGY LLC | 4,125,000 | $25.03 | $103,249,000 | |||||||
| NRDC ACQUISITION CORP | 2,700,000 | $9.17 | $24,759,000 | |||||||
| PORTLAND GEN ELEC CO | 32,232 | $27.77 | $895,000 | |||||||
| PROSPECT ACQUISITION CORP | 2,500,000 | $9.10 | $22,750,000 | |||||||
| PROSPECT ACQUISITION CORP | 2,500,000 | $0.85 | $2,125,000 | |||||||
| SP ACQUISITION HOLDINGS INC | 4,000,000 | $9.20 | $36,800,000 | |||||||
| SP ACQUISITION HOLDINGS INC | 2,430,700 | $0.92 | $2,236,000 | |||||||
| TM ENTMT & MEDIA INC | 625,000 | $7.28 | $4,550,000 | |||||||
| TM ENTMT & MEDIA INC | 525,000 | $0.53 | $278,000 | |||||||
| TREMISIS ENERGY ACQ CORP II | 325,000 | $7.91 | $2,571,000 | |||||||
| TRIPLECROWN ACQUISITION CORP | 2,600,000 | $9.14 | $23,764,000 | |||||||
| TRIPLECROWN ACQUISITION CORP | 1,000,000 | $1.02 | $1,020,000 | |||||||
| 2020 CHINACAP ACQUIRCO INC | 307,000 | $7.20 | $2,210,000 | |||||||
| SEANERGY MARITIME CORP | 250,000 | $9.45 | $2,363,000 | |||||||
| ***** SOLD OFF | $526,116,000 | |||||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |||
| BROADRIDGE FINL SOLUTIONS IN | 2,237,000 | $18.95 | $42,391,000 | |||||||
| FREEDOM ACQUISITION HLDGS IN | 2,800,000 | $11.25 | $31,500,000 | |||||||
| GRUBB&ELLIS RLTY ADVISORS IN | 2,948,100 | $5.92 | $17,453,000 | |||||||
| GSC ACQUISITION COMPANYWRT | 38,500 | $1.09 | $42,000 | |||||||
| HUTCHISON TELECOMM INTL LTD | 292,100 | $20.78 | $6,070,000 | |||||||
| INFORMATION SERVICES GROUP I | 500,000 | $7.65 | $3,825,000 | |||||||
| INFORMATION SERVICES GROUP WRT | 500,000 | $0.73 | $365,000 | |||||||
| U.S. AUTO PARTS NETWORK INC | 220,406 | $8.71 | $1,920,000 | |||||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | -56.68% | ACUSPHERE INC | 2,600,582 | 2,600,582 | $0.65 | $1.50 | $1,690,000 | $3,901,000 | ||
| 0.00% | 5.98% | ALDABRA 2 ACQUISITION CORP | 1,200,000 | 1,200,000 | $9.74 | $9.19 | $11,688,000 | $11,028,000 | ||
| 0.00% | 3.74% | ALTERNATIVE ASSET MGMT ACQU | 1,500,000 | 1,500,000 | $9.15 | $8.82 | $13,725,000 | $13,230,000 | ||
| 0.00% | 0.67% | COLUMBUS ACQUISITION CORP | 750,000 | 750,000 | $7.42 | $7.37 | $5,565,000 | $5,528,000 | ||
| 0.00% | -35.27% | COLUMBUS ACQUISITION CORP WRT | 750,000 | 750,000 | $0.55 | $0.85 | $413,000 | $638,000 | ||
| 0.00% | 0.67% | COMMUNITY BANKERS ACQUISITN | 927,400 | 927,400 | $7.41 | $7.36 | $6,872,000 | $6,826,000 | ||
| 0.00% | 2.27% | GSC ACQUISITION COMPANY | 850,000 | 850,000 | $9.42 | $9.21 | $8,007,000 | $7,829,000 | ||
| 0.00% | -0.93% | HD PARTNERS ACQUISITION CORP | 1,129,700 | 1,129,700 | $7.48 | $7.55 | $8,450,000 | $8,529,000 | ||
| 0.00% | 1.78% | HARBOR ACQUISITION CORPORATI | 1,663,200 | 1,663,200 | $5.70 | $5.60 | $9,480,000 | $9,314,000 | ||
| 0.00% | 0.85% | INDIA GLOBALIZATION CAP INC | 1,066,800 | 1,066,800 | $5.90 | $5.85 | $6,294,000 | $6,241,000 | ||
| 0.00% | 0.27% | KBL HEALTHCARE ACQUIS CORP I | 410,000 | 410,000 | $7.22 | $7.20 | $2,960,000 | $2,952,000 | ||
| 0.00% | -31.61% | KBL HEALTHCARE ACQUIS CORP WRT | 235,000 | 235,000 | $0.45 | $0.66 | $106,000 | $155,000 | ||
| 0.00% | 0.27% | MBF HEALTHCARE ACQUISITION C | 575,000 | 575,000 | $7.61 | $7.59 | $4,376,000 | $4,364,000 | ||
| 0.00% | -9.89% | MBF HEALTHCARE ACQUISITION*WRT | 349,900 | 349,900 | $0.73 | $0.81 | $255,000 | $283,000 | ||
| 0.00% | -1.40% | MARATHON ACQUISITION CORP | 5,277,639 | 5,277,639 | $7.78 | $7.89 | $41,060,000 | $41,641,000 | ||
| 0.00% | 0.00% | MEDIA & ENTMT HOLDINGS INC | 725,000 | 725,000 | $7.39 | $7.39 | $5,358,000 | $5,358,000 | ||
| 0.00% | -21.97% | MEDIA & ENTMT HOLDINGS INC WRT | 725,000 | 725,000 | $0.71 | $0.91 | $515,000 | $660,000 | ||
| 0.00% | -0.28% | NATIONAL FUEL GAS CO N J | 500,000 | 500,000 | $46.68 | $46.81 | $23,340,000 | $23,405,000 | ||
| 0.00% | -6.82% | NEWS CORP | 6,113,600 | 6,113,600 | $20.49 | $21.99 | $125,268,000 | $134,438,000 | ||
| 0.00% | 1.30% | NORTH AMERN INS LEADERS INC | 1,293,300 | 1,293,300 | $7.80 | $7.70 | $10,088,000 | $9,959,000 | ||
| 0.00% | -2.48% | OCEANAUT INC | 625,000 | 625,000 | $7.85 | $8.05 | $4,906,000 | $5,031,000 | ||
| 0.00% | -2.47% | SANTA MONICA MEDIA CORP | 750,000 | 750,000 | $7.47 | $7.66 | $5,603,000 | $5,745,000 | ||
| 0.00% | 0.25% | UNION STREET ACQ CORP | 625,000 | 625,000 | $7.65 | $7.63 | $4,781,000 | $4,769,000 | ||
| 0.00% | 1.20% | VANTAGE ENERGY SERVICES INC | 675,000 | 675,000 | $7.60 | $7.51 | $5,130,000 | $5,069,000 | ||
| 0.00% | 4.19% | VICTORY ACQUISITION CORP | 400,000 | 400,000 | $9.69 | $9.30 | $3,876,000 | $3,720,000 | ||
| 0.00% | -5.55% | QUANTA CAPITAL HLDGS LTD | 6,950,000 | 6,950,000 | $2.55 | $2.70 | $17,723,000 | $18,765,000 | ||
| ***** AUGMENTED POSITIONS | $327,529,000 | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 108.67% | -12.75% | 1,171,764 | A C MOORE ARTS & CRAFTS INC | 2,250,000 | 1,078,236 | $13.75 | $15.76 | $30,938,000 | $16,993,000 | |
| 12.09% | -6.22% | 1,148,600 | DOMTAR CORP | 10,648,600 | 9,500,000 | $7.69 | $8.20 | $81,888,000 | $77,900,000 | |
| 55.05% | -6.83% | 780,627 | FIRST AMERN CORP CALIF | 2,198,600 | 1,417,973 | $34.12 | $36.62 | $75,016,000 | $51,926,000 | |
| 1.49% | 26.02% | 64,400 | HARBOR ACQUISITION CORPORATI WR | 4,380,533 | 4,316,133 | $0.29 | $0.23 | $1,270,000 | $993,000 | |
| 349.02% | -38.95% | 2,931,800 | HORIZON LINES INC | 3,771,800 | 840,000 | $18.64 | $30.53 | $70,306,000 | $25,645,000 | |
| 2.79% | 7.06% | 22,113 | INFOSPACE INC | 815,741 | 793,628 | $18.80 | $17.56 | $15,336,000 | $13,936,000 | |
| 31.02% | -2.11% | 482,384 | MULTIMEDIA GAMES INC | 2,037,552 | 1,555,168 | $8.34 | $8.52 | $16,993,000 | $13,250,000 | |
| 1448.55% | -59.45% | 20,496,966 | SLM CORP | 21,911,966 | 1,415,000 | $20.14 | $49.67 | $441,307,000 | $70,283,000 | |
| 117.80% | -8.13% | 660,162 | ITURAN LOCATION AND CONTROL | 1,220,569 | 560,407 | $11.07 | $12.05 | $13,512,000 | $6,753,000 | |
| 15.22% | -43.44% | 350,000 | SYNERON MEDICAL LTD | 2,650,000 | 2,300,000 | $13.37 | $23.64 | $35,431,000 | $54,372,000 | |
| ***** REDUCED POSITIONS | $781,997,000 | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -29.63% | -47.14% | -168,271 | CLEARPOINT BUSINESS RES INC | 399,729 | 568,000 | $2.11 | $3.99 | $843,000 | $2,266,000 | |
| -64.90% | -18.47% | -291,447 | CORE MARK HOLDING CO INC | 157,613 | 449,060 | $28.72 | $35.23 | $4,527,000 | $15,820,000 | |
| -10.41% | 1.82% | -100,000 | EXTERRAN HLDGS INC | 860,667 | 960,667 | $81.80 | $80.34 | $70,403,000 | $77,180,000 | |
| -13.10% | -1.93% | -152,000 | GLOBAL LOGISTICS ACQUISITION | 1,008,100 | 1,160,100 | $7.60 | $7.75 | $7,662,000 | $8,991,000 | |
| -54.06% | -5.41% | -785,600 | JK ACQUISITION CORP | 667,700 | 1,453,300 | $5.60 | $5.92 | $3,739,000 | $8,604,000 | |
| -20.62% | 14.71% | -128,900 | OCEANAUT INC WRT | 496,100 | 625,000 | $1.64 | $1.43 | $814,000 | $894,000 | |
| -2.82% | -23.70% | -170,900 | OMNOVA SOLUTIONS INC | 5,889,145 | 6,060,045 | $4.41 | $5.78 | $25,971,000 | $35,027,000 | |
| -70.04% | -0.23% | -422,138 | SCHOOL SPECIALTY INC | 180,586 | 602,724 | $34.55 | $34.63 | $6,239,000 | $20,872,000 | |
| -10.65% | 5.92% | -140,809 | SHANGHAI CENTURY ACQUISIT CO | 1,180,924 | 1,321,733 | $8.78 | $8.29 | $10,369,000 | $10,957,000 | |
| $130,567,000 | ||||||||||
| Total | $1,766,209,000 | |||||||||
| 24.99% | ||||||||||