<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>SCHEDULE 13G/A
<TEXT>
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________
SCHEDULE 13G
(Amendment No. 2)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Newhall Land & Farming Company
----------------------------------------------------------
(Name of Issuer)
Depositary Receipts
----------------------------------------------------------
(Title of Class of Securities)
651426108
----------------------------------------------------------
(CUSIP Number)
<PAGE>
----------------------- ---------------------
CUSIP No. 651426108 13G/A Page 2 of 12 Pages
----------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Management LP
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
2,534,100
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
2,534,100
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
2,534,100
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.4%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
PN
------------------------------------------------------------------------------
<PAGE>
------------------- ----------------------
CUSIP No. 651426108 13G/A Page 3 of 12 Pages
------------------- ----------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S.or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields GP LLC
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
2,534,100
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
2,534,100
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
2,534,100
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.4%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
OO
------------------------------------------------------------------------------
<PAGE>
------------------- ----------------------
CUSIP No. 651426108 13G/A Page 4 of 12 Pages
------------------- ----------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathon S. Jacobson
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
United States
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
2,534,100
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
2,534,100
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
2,534,100
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.4%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
IN
------------------------------------------------------------------------------
<PAGE>
------------------- ----------------------
CUSIP No. 651426108 13G/A Page 5 of 12 Pages
------------------- ----------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Grubman
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
United States
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
2,534,100
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
2,534,100
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
2,534,100
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.4%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
IN
------------------------------------------------------------------------------
<PAGE>
------------------- ----------------------
CUSIP No. 651426108 13G/A Page 5 of 12 Pages
------------------- ----------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital II LP
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
1,709,365
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
1,709,365
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
1,709,365
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
6.4%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
PN
------------------------------------------------------------------------------
<PAGE>
------------------- ----------------------
CUSIP No.651426108 13G/A Page 7 of 12 Pages
------------------- ----------------------
Item 1(a). Name of Issuer:
Newhall Land & Farming Company
----------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices:
23823 Valencia Boulevard, Valencia CA 91355
----------------------------------------------------------------
Item 2(a). Name of Person Filing:
This statement is being filed by the following persons with respect
to the depositary receipts of the Issuer directly owned by Highfields
Capital I LP and Highfields Capital II LP (collectively, the
"Funds"):
(i) Highfields Capital Management LP, a Delaware limited
partnership ("Highfields Capital Management") and Investment
Manager to each of the Funds,
(ii) Highfields GP LLC, a Delaware limited liability company
("Highfields GP") and the General Partner of Highfields
Capital Management,
(iii) Jonathon S. Jacobson, a Managing Member of Highfields GP, and
(iv) Richard L. Grubman, a Managing Member of Highfields GP.
This statement is also being filed by Highfields Capital II LP ("HC
II") with respect to the depositary receipts of the Issuer directly
owned by HC II (which depositary receipts are also included in the
filings for Highfields Capital Management, Highfields GP, Jonathon
S. Jacobson and Richard L. Grubman).
Highfields Capital Management, Highfields GP, Mr. Jacobson, Mr.
Grubman and HC II are sometimes individually referred to herein as a
"Reporting Person" and collectively as the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
Address for Highfields Capital Management, Highfields
GP, Mr. Jacobson, Mr. Grubman and HC II:
c/o Highfields Capital Management LP
200 Clarendon Street
Boston, Massachusetts 02117
----------------------------------------------------------------
<PAGE>
------------------- ----------------------
CUSIP No.651426108 13G/A Page 8 of 12 Pages
------------------- ----------------------
Item 2(c). Citizenship:
Highfields Capital Management - Delaware
Highfields GP - Delaware
Jonathon S. Jacobson - United States
Richard L. Grubman - United States
HC II - Delaware
----------------------------------------------------------
Item 2(d). Title of Class of Securities:
Depositary Receipts
----------------------------------------------------------
Item 2(e). CUSIP Number:
651426108
----------------------------------------------------------
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [_] Investment company registered under Section 8 of the
Investment Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
<PAGE>
------------------- ----------------------
CUSIP No.651426108 13G/A Page 9 of 12 Pages
------------------- ----------------------
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the Issuer identified in Item
1.
For Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr.
Grubman:
(a) Amount beneficially owned:
2,534,100 Depositary Receipts
-----------------------------
(b) Percent of class:
9.4%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 2,534,100
---------
(ii) Shared power to vote or to direct the vote --0--
-----
(iii) Sole power to dispose or to direct the disposition of
2,534,100
---------
(iv) Shared power to dispose or to direct the disposition of
--0--
-----
For HC II:
(a) Amount beneficially owned:
1,709,365 Depositary Receipts
-----------------------------
(b) Percent of class:
6.4%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,709,365
---------
(ii) Shared power to vote or to direct the vote --0--
-----
(iii) Sole power to dispose or to direct the disposition of
1,709,365
---------
(iv) Shared power to dispose or to direct the disposition of
--0--
-----
<PAGE>
------------------- ----------------------
CUSIP No.651426108 13G/A Page 10 of 12 Pages
------------------- ----------------------
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The shares to which this filing relates are directly owned by the
Funds. Each of the Reporting Persons has the power to direct the
dividends from or the proceeds of the sale of the shares owned by such
Funds. The shares to which this filing by HC II relates are directly
owned by HC II. Highfields Capital I LP owns less than 5% of the
securities of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
<PAGE>
------------------- ----------------------
CUSIP No.651426108 13G/A Page 11 of 12 Pages
------------------- ----------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 14, 2001
-----------------
Date
HIGHFIELDS CAPITAL MANAGEMENT LP
By: Highfields GP LLC,
its General Partner
/s/ KENNETH H. COLBURN
--------------------------------------------
Signature
Kenneth H. Colburn, Authorized Signatory
--------------------------------------------
Name/Title
HIGHFIELDS GP LLC
/s/ KENNETH H. COLBURN
--------------------------------------------
Signature
Kenneth H. Colburn, Authorized Signatory
--------------------------------------------
Name/Title
JONATHON S. JACOBSON
/s/ KENNETH H. COLBURN
--------------------------------------------
Signature
Kenneth H. Colburn, Attorney-in-Fact
--------------------------------------------
Name/Title
RICHARD L. GRUBMAN
/s/ KENNETH H. COLBURN
--------------------------------------------
Signature
Kenneth H. Colburn, Attorney-in-Fact
--------------------------------------------
Name/Title
<PAGE>
------------------- ----------------------
CUSIP No.651426108 13G/A Page 12 of 12 Pages
------------------- ----------------------
HIGHFIELDS CAPITAL II LP
By: Highfields Associates LLC,
its General Partner
/s/ KENNETH H. COLBURN
-------------------------------------------
Signature
Kenneth H. Colburn, Authorized Signatory
-------------------------------------------
Name/Title
</TEXT>
</DOCUMENT>