Highfields Buys Dell in Quarter, Exits BlackRock Stake

Highfields Capital Management LP, the hedge fund run by Jonathon Jacobson, bought stakes in Dell Inc. and McGraw Hill Financial Inc. in the first quarter, while exiting BlackRock Inc.

Highfields added 22.9 million shares of Dell, the Round Rock, Texas-based computer maker, valued at $327.7 million as of March 31, the Boston-based firm said today in a filing. It bought 7.58 million shares of New York-based McGraw Hill, while exiting its stake of 414,625 shares of money manager BlackRock, according to the Form 13F filing.

Money managers who oversee more than $100 million in equities must file a Form 13F with the U.S. Securities and Exchange Commission within 45 days of each quarter’s end to list their U.S.-traded stocks, options and convertible bonds. The filings don’t show non-U.S. securities or how much cash the firms hold.

(Corrects BlackRock shares sold in second paragraph of story originally published May 15, 2013.)
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