| 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 | |