Quarter Ending 9/30/2011 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 GENWORTH FINL INC 10,000,000 $5.74 $57,400,000
N/A N/A HEWLETT PACKARD CO 20,750,000 $22.45 $465,838,000
N/A N/A NEWS CORP CL B 4,283,175 $15.60 $66,818,000
N/A N/A NOVAGOLD RES INC 5,000,000 $6.45 $32,250,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A AUDIOVOX CORP 776,415 $7.56 $5,870,000
N/A N/A CAPITALSOURCE INC 10,450,000 $6.45 $67,403,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% -46.34% ALERE INC 3,100,000 3,100,000 $19.65 $36.62 $60,915,000 $113,522,000
0.00% -24.46% ALLIANCE ONE INTL INC 8,786,700 8,786,700 $2.44 $3.23 $21,440,000 $28,381,000
0.00% -10.59% BREITBURN ENERGY PARTNERS LP 2,500,000 2,500,000 $17.40 $19.46 $43,500,000 $48,650,000
0.00% -26.29% CENTRAL PAC FINL CORP 1,800,000 1,800,000 $10.32 $14.00 $18,576,000 $25,200,000
0.00% -29.95% ENZON PHARMACEUTICALS INC 9,000,878 9,000,878 $7.04 $10.05 $63,366,000 $90,459,000
0.00% -4.27% MICROSOFT CORP 12,000,000 12,000,000 $24.89 $26.00 $298,680,000 $312,000,000
0.00% -11.21% MULTIMEDIA GAMES HLDG CO INC 2,525,000 2,525,000 $4.04 $4.55 $10,201,000 $11,489,000
0.00% -5.09% THERAVANCE INC NOTE 3.000% 1/1 51,000,000 51,000,000 $1.05 $1.11 $53,486,000 $56,355,000
0.00% -17.32% ITURAN LOCATION AND CONTROL 1,685,666 1,685,666 $11.65 $14.09 $19,638,000 $23,751,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
3.60% 1.24% 121,700 ALLIED NEVADA GOLD CORP 3,500,000 3,378,300 $35.81 $35.37 $125,335,000 $119,490,000
12.79% -25.33% 566,990 AVEO PHARMACEUTICALS INC 5,000,000 4,433,010 $15.39 $20.61 $76,950,000 $91,364,000
149.84% -18.56% 8,240,950 BP PLC 13,740,950 5,500,000 $36.07 $44.29 $495,636,000 $243,595,000
99.09% -0.21% 1,244,300 IDENIX PHARMACEUTICALS INC 2,500,000 1,255,700 $4.99 $5.00 $12,475,000 $6,279,000
10.45% -12.54% 1,991,665 NEWS CORP 21,041,665 19,050,000 $15.48 $17.70 $325,725,000 $337,185,000
68.81% -5.45% 6,373,675 PDL BIOPHARMA INC 15,636,000 9,262,325 $5.55 $5.87 $86,780,000 $54,370,000
135.94% -18.84% 305,871 SYCAMORE NETWORKS INC 530,871 225,000 $18.05 $22.24 $9,582,000 $5,004,000
9.76% -9.32% 1,264,861 THERAVANCE INC 14,225,961 12,961,100 $20.14 $22.21 $286,511,000 $287,866,000
4.46% -23.02% 448,500 VIASAT INC 10,499,992 10,051,492 $33.31 $43.27 $349,755,000 $434,928,000
4.27% -18.30% 163,929 SYNERON MEDICAL LTD 4,000,000 3,836,071 $9.91 $12.13 $39,640,000 $46,532,000
*****  REDUCED POSITIONS
Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
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