13F-HR 1 passportcapital4q12.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Passport Capital, LLC Address: One Market Street, Steuart Tower, Suite 2200 San Francisco, CA 94105 13F File Number: 028-11726 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Joanne Cormican Title: Chief Operating Officer Phone: 415-321-4600 Signature, Place, and Date of Signing: /s/ Joanne Cormican San Francisco, CA February 14, 2013 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 142 Form 13F Information Table Value Total: $2,591,613 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACCRETIVE HEALTH INC COM 00438V103 2895 250000 SH SOLE 250000 0 0 ACCURAY INC COM 004397105 25720 4000000 SH SOLE 4000000 0 0 ADVANCED ENERGY INDS COM 007973100 334 24200 SH SOLE 24200 0 0 AK STL CORP NOTE 5.000%11/1 001546AP5 1127 1000000 PRN SOLE 1000000 0 0 AK STL HLDG CORP COM 001547108 21091 4585024 SH SOLE 753503 0 3831521 ALLEGHENY TECHNOLOGIES INC COM 01741R102 16206 533800 SH SOLE 21600 0 512200 ALPHA NATURAL RESOURCES INC COM 02076X102 5433 557800 SH SOLE 36300 0 521500 AMARIN CORP PLC SPONS ADR NEW 023111206 2023 250000 SH SOLE 250000 0 0 ANADARKO PETE CORP COM 032511107 8873 119400 SH SOLE 119400 0 0 ANDERSONS INC COM 034164103 292 6800 SH SOLE 6800 0 0 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 44048 1404156 SH SOLE 190800 0 1213356 APPLIED MATLS INC COM 038222105 225 19627 SH SOLE 19627 0 0 ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 23130 1324000 SH SOLE 149700 0 1174300 AUTOZONE INC COM 053332102 5316 15000 SH SOLE 15000 0 0 BADGER METER INC COM 056525108 313 6600 SH SOLE 6600 0 0 BHP BILLITON LTD SPONSORED ADR 088606108 22663 289000 SH SOLE 0 0 289000 BOISE INC COM 09746Y105 21327 2682648 SH SOLE 118880 0 2563768 CARPENTER TECHNOLOGY CORP COM 144285103 15246 295300 SH SOLE 12300 0 283000 CBS CORP NEW CL B 124857202 3729 98000 SH SOLE 98000 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 23663 613500 SH SOLE 39800 0 573700 CLOUD PEAK ENERGY INC COM 18911Q102 14101 729500 SH SOLE 0 0 729500 CONOCOPHILLIPS COM 20825C104 18557 320000 SH PUT SOLE 320000 0 0 CONSOL ENERGY INC COM 20854P109 47662 1484800 SH SOLE 44200 0 1440600 COSAN LTD SHS A G25343107 331 19100 SH SOLE 19100 0 0 CROSSTEX ENERGY INC COM 22765Y104 1521 106100 SH SOLE 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50000 SH SOLE 50000 0 0 KAISER ALUMINUM CORP COM PAR $0.01 483007704 13819 224000 SH SOLE 0 0 224000 KINDER MORGAN INC DEL COM 49456B101 100373 2841000 SH SOLE 2841000 0 0 KINROSS GOLD CORP COM NO PAR 496902404 137257 14121122 SH SOLE 8419655 0 5701467 KRAFT FOODS GROUP INC COM 50076Q106 5229 115000 SH SOLE 115000 0 0 LAS VEGAS SANDS CORP COM 517834107 27459 594861 SH SOLE 594861 0 0 LIBERTY GLOBAL INC COM SER C 530555309 7931 135000 SH SOLE 135000 0 0 LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 3503 178000 SH SOLE 178000 0 0 LIBERTY MEDIA CORPORATION LIB CAP COM A 530322106 2552 22000 SH SOLE 22000 0 0 LINNCO LLC COMSHS LTD INT 535782106 12848 355500 SH SOLE 355500 0 0 LOCKHEED MARTIN CORP COM 539830109 14803 160400 SH SOLE 160400 0 0 MANITOWOC INC COM 563571108 1254 80000 SH SOLE 80000 0 0 MARATHON PETE CORP COM 56585A102 82719 1313000 SH SOLE 1313000 0 0 MEDICINES CO COM 584688105 2397 100000 SH SOLE 100000 0 0 MERCADOLIBRE INC COM 58733R102 3511 44700 SH SOLE 44700 0 0 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4394 119400 SH SOLE 119400 0 0 SEADRILL PARTNERS LLC COMUNIT REP LB Y7545W109 13595 530000 SH SOLE 530000 0 0 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 379 10000 SH SOLE 10000 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 504 14444 SH SOLE 14444 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 45396 1300000 SH CALL SOLE 1300000 0 0 SEMPRA ENERGY COM 816851109 1525 21500 SH SOLE 21500 0 0 SHUTTERSTOCK INC COM 825690100 390 15000 SH SOLE 15000 0 0 SMITH A O COM 831865209 334 5300 SH SOLE 5300 0 0 SOLAZYME INC COM 83415T101 1379 175500 SH SOLE 175500 0 0 SOUTHERN COPPER CORP COM 84265V105 37076 979300 SH SOLE 47300 0 932000 SPDR GOLD TRUST GOLD SHS 78463V107 13837 85400 SH SOLE 85400 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 11393 80000 SH CALL SOLE 80000 0 0 SPLUNK INC COM 848637104 319 11000 SH SOLE 11000 0 0 STEEL DYNAMICS INC COM 858119100 20310 1479275 SH SOLE 96349 0 1382926 SUPERIOR ENERGY SVCS INC COM 868157108 1647 79500 SH SOLE 79500 0 0 SUPERVALU INC COM 868536103 124 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