Enlightened-American: Seth Klarman (Baupost Group) Q4 2008 13F-HR Filing
Quarter Ending 12/31/2008 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 CAPITALSOURCE INC 3,441,646 $4.62 $15,900,000
N/A N/A CAPITALSOURCE INC BCV 4.000% 38,000,000 $0.58 $21,850,000
N/A N/A FACET BIOTECH CORP 2,772,092 $9.59 $26,584,000
N/A N/A ISTAR FINL INC 61,930,000 $0.29 $18,115,000
N/A N/A LIBERTY MEDIA CORP NEWCAP   3,461,368 $4.71 $16,303,000
N/A N/A THERAVANCE INC NOTE 3.000% 41,500,000 $0.61 $25,419,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A ACUSPHERE INC 2,600,582 $0.35 $910,000
N/A N/A ATLAS PIPELINE PARTNERS LP 1,661,363 $25.49 $42,348,000
N/A N/A CAPITOL ACQUISITION CORP DEL 438,620 $9.00 $3,948,000
N/A N/A ENTERPRISE GP HLDGS L P 536,910 $23.53 $12,633,000
N/A N/A NRDC ACQUISITION CORP 377,800 $9.00 $3,400,000
N/A N/A PROSPECT ACQUISITION CORP 981,630 $9.00 $8,835,000
N/A N/A SP ACQUISITION HOLDINGS INC 1,398,600 $9.29 $12,993,000
N/A N/A SAPPHIRE INDUSTRIALS CORP 5,400,000 $8.99 $48,546,000
N/A N/A TRIPLECROWN ACQUISITION CORP 919,500 $8.85 $8,138,000
N/A N/A UNITEDHEALTH GROUP INC 789,700 $25.39 $20,050,000
N/A N/A WELLPOINT INC 2,038,400 $46.77 $95,336,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% -42.55% ACERGY S A 345,517 345,517 $5.78 $10.06 $1,997,000 $3,476,000
0.00% -22.63% ALLIANCE ONE INTL INC 6,156,400 6,156,400 $2.94 $3.80 $18,100,000 $23,394,000
0.00% -50.00% BPW ACQUISITION CORP *W EXP 573,900 573,900 $0.15 $0.30 $86,000 $172,000
0.00% -43.76% CENTERPLATE INC UNIT 2,209,051 2,209,051 $1.71 $3.04 $3,777,000 $6,716,000
0.00% -2.55% CHINA HLDGS ACQUISITION CORP 1,050,000 1,050,000 $8.80 $9.03 $9,240,000 $9,482,000
0.00% -61.33% COLUMBUS ACQUISITION CORP *W EX 750,000 750,000 $0.04 $0.10 $29,000 $75,000
0.00% -81.00% ENTERPRISE ACQUISITION CORP *W  1,250,000 1,250,000 $0.03 $0.16 $38,000 $200,000
0.00% -2.17% GHL ACQUISITION CORP 2,250,000 2,250,000 $9.00 $9.20 $20,250,000 $20,700,000
0.00% -68.75% GHL ACQUISITION CORP *W EXP 1,250,000 1,250,000 $0.20 $0.64 $250,000 $800,000
0.00% -59.05% GLOBAL CONSUMER ACQST CORP *W 2,963,000 2,963,000 $0.09 $0.22 $267,000 $652,000
0.00% -85.71% KBL HEALTHCARE ACQUIS CORP *W 235,000 235,000 $0.02 $0.15 $5,000 $35,000
0.00% -73.47% MBF HEALTHCARE ACQUISITION *W 243,900 243,900 $0.05 $0.20 $13,000 $49,000
0.00% -99.31% MEDIA & ENTMT HOLDINGS INC *W 725,000 725,000 $0.00 $0.20 $1,000 $145,000
0.00% -45.03% MULTIMEDIA GAMES INC 2,600,000 2,600,000 $2.38 $4.33 $6,188,000 $11,258,000
0.00% -61.11% PROSPECT ACQUISITION CORP *W 2,500,000 2,500,000 $0.07 $0.18 $175,000 $450,000
0.00% -46.62% SP ACQUISITION HOLDINGS INC *W  1,580,700 1,580,700 $0.16 $0.30 $253,000 $474,000
0.00% -46.67% SAPPHIRE INDUSTRIALS CORP *W 6,200,000 6,200,000 $0.16 $0.30 $992,000 $1,860,000
0.00% -84.76% TM ENTMT & MEDIA INC*W  525,000 525,000 $0.03 $0.20 $16,000 $105,000
0.00% -83.95% TREMISIS ENERGY ACQ CORP II *W  325,000 325,000 $0.04 $0.25 $13,000 $81,000
0.00% 2.12% VIASAT INC 1,229,057 1,229,057 $24.08 $23.58 $29,596,000 $28,981,000
0.00% -82.14% OVERTURE ACQUISITION CORP *W 1,000,000 1,000,000 $0.05 $0.28 $50,000 $280,000
0.00% -32.25% ITURAN LOCATION AND CONTROL 1,721,066 1,721,066 $7.31 $10.79 $12,581,000 $18,570,000
0.00% -41.47% SYNERON MEDICAL LTD 3,086,619 3,086,619 $8.34 $14.25 $25,742,000 $43,984,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
31.81% -52.56% 1,968,779 BREITBURN ENERGY PARTNERS LP 8,157,439 6,188,660 $7.05 $14.86 $57,510,000 $91,964,000
143.69% -16.61% 14,513,000 CAPITALSOURCE INC NOTE 7.250% 24,613,000 10,100,000 $0.62 $0.74 $15,137,000 $7,449,000
49.58% -63.70% 11,087,499 DOMTAR CORP 33,452,199 22,364,700 $1.67 $4.60 $55,865,000 $102,878,000
70.03% -33.35% 2,030,114 EXTERRAN HLDGS INC 4,928,925 2,898,811 $21.30 $31.96 $104,986,000 $92,646,000
0.52% -24.19% 87,972 NEWS CORP CL A 16,942,972 16,855,000 $9.09 $11.99 $154,012,000 $202,091,000
236.95% -21.15% 3,790,800 NEWS CORP CL B 5,390,600 1,599,800 $9.58 $12.15 $51,642,000 $19,438,000
3.63% -33.62% 503,289 PDL BIOPHARMA INC 14,363,749 13,860,460 $6.18 $9.31 $88,768,000 $129,041,000
5.21% -45.50% 181,400 RHI ENTMT INC DEL 3,661,699 3,480,299 $8.12 $14.90 $29,733,000 $51,856,000
44.08% -0.56% 2,763,850 THERAVANCE INC 9,033,741 6,269,891 $12.39 $12.46 $111,928,000 $78,123,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-39.82% -84.31% -190,250 ATLAS PIPELINE HOLDINGS LP 287,528 477,778 $3.78 $24.10 $1,087,000 $11,514,000
-0.08% -46.53% -1,600 AUDIOVOX CORP 1,915,086 1,916,686 $5.01 $9.37 $9,595,000 $17,959,000
-8.00% -93.90% -145,000 BORDERS GROUP INC 1,667,252 1,812,252 $0.40 $6.56 $667,000 $11,888,000
-6.08% -64.64% -235,655 HORIZON LINES INC 3,641,545 3,877,200 $3.49 $9.87 $12,709,000 $38,268,000
-21.90% -9.08% -768,400 IAC INTERACTIVECORP 2,740,542 3,508,942 $15.73 $17.30 $43,109,000 $60,705,000
-13.43% -30.00% -645,825 LIBERTY MEDIA CORP NEW 4,162,901 4,808,726 $17.48 $24.97 $72,768,000 $120,074,000
-20.24% -2.16% -2,029,589 LINN ENERGY LLC 7,999,400 10,028,989 $14.97 $15.30 $119,751,000 $153,444,000
-3.31% -65.83% -202,895 OMNOVA SOLUTIONS INC 5,920,750 6,123,645 $0.68 $1.99 $4,026,000 $12,186,000
-74.56% -9.64% -177,561 PRE PAID LEGAL SVCS INC 60,592 238,153 $37.28 $41.26 $2,259,000 $9,826,000