UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/2013
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: SPO Advisory Corp.
Address: 591 Redwood Highway, Suite 3215
Mill Valley, CA 94941
Form 13F File Number: 28-4164
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 submission.
Persons Signing this Report on Behalf of Reporting Manager:
Name: Kim M. Silva
Title: Chief Financial Officer
Phone: 415-383-6600
Signature, Place, and Date of Signing:
/s/ Kim M. Silva Mill Valley, California 5/15/2013
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[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 32
Form 13F Information Table Value Total: $ 7,383,673
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(In Thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
1 28-10289 SPO Partners II, L.P.
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2 28-10787 San Francisco Partners, L.P.
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FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
-------------------------------- -------------- --------- --------- ------------------- ---------- -------- ----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------------------------- -------------- --------- --------- ---------- --- ---- ---------- -------- ---------- ------ ----
ADVENT SOFTWARE INC COM 7974108 403,406 14,422,800 SH DEFINED 1 14,422,800 0 0
ADVENT SOFTWARE INC COM 7974108 36,065 1,289,400 SH DEFINED 2 1,289,400 0 0
CALPINE CORP COM 131347304 1,106,822 53,729,212 SH DEFINED 1 53,729,212 0 0
CALPINE CORP COM 131347304 42,318 2,054,296 SH DEFINED 2 2,054,296 0 0
CHARTER COMMUNICATION CL A 16117M305 486,771 4,672,408 SH DEFINED 1 4,672,408 0 0
CHARTER COMMUNICATION CL A 16117M305 24,336 233,600 SH DEFINED 2 233,600 0 0
CROWN CASTLE INTL CORP COM 228227104 566,441 8,133,849 SH DEFINED 1 8,133,849 0 0
CROWN CASTLE INTL CORP COM 228227104 24,917 357,800 SH DEFINED 2 357,800 0 0
LAMAR ADVERTISING CO CL A 512815101 385,545 7,936,284 SH DEFINED 1 7,936,284 0 0
LAMAR ADVERTISING CO CL A 512815101 18,598 382,830 SH DEFINED 2 382,830 0 0
LIBERTY GLOBAL INC CL A 530555101 20,220 275,554 SH DEFINED 1 275,554 0 0
LIBERTY GLOBAL INC CL A 530555101 21,196 288,859 SH DEFINED 2 288,859 0 0
LIBERTY GLOBAL INC. CL C 530555309 1,127,032 16,421,857 SH DEFINED 1 16,421,857 0 0
LIBERTY GLOBAL INC CL C 530555309 28,187 410,708 SH DEFINED 2 410,708 0 0
MARTIN MARIETTA MATLS INC COM 573284106 179,254 1,757,051 SH DEFINED 1 1,757,051 0 0
MARTIN MARIETTA MATLS INC COM 573284106 9,814 96,200 SH DEFINED 2 96,200 0 0
PETROQUEST ENERGY INC COM 716748108 33,385 7,519,184 SH DEFINED 1 7,519,184 0 0
PETROQUEST ENERGY INC COM 716748108 1,271 286,200 SH DEFINED 2 286,200 0 0
PIONEER NAT RES CO COM 723787107 784,271 6,312,039 SH DEFINED 1 6,312,039 0 0
PIONEER NAT RES CO COM 723787107 36,498 293,750 SH DEFINED 2 293,750 0 0
PROGRESSIVE WASTE SOLUTIONS LTD. COM 74339G101 155,840 7,368,340 SH DEFINED 1 7,368,340 0 0
PROGRESSIVE WASTE SOLUTIONS LTD. COM 74339G101 6,053 286,200 SH DEFINED 2 286,200 0 0
QUICKSILVER RESOURCES INC COM 74837R104 52,450 23,311,254 SH DEFINED 1 23,311,254 0 0
QUICKSILVER RESOURCES INC COM 74837R104 3,766 1,673,900 SH DEFINED 2 1,673,900 0 0
The Charles Schwab Corp. COM 808513105 817,603 46,218,387 SH DEFINED 1 46,218,387 0 0
The Charles Schwab Corp. COM 808513105 33,708 1,905,500 SH DEFINED 2 1,905,500 0 0
VISA, INC. COM 92826C839 801,824 4,721,053 SH DEFINED 1 4,721,053 0 0
VISA, INC. COM 92826C839 40,864 240,600 SH DEFINED 2 240,600 0 0
RESOLUTE ENERGY CORP COM 76116A108 121,257 10,534,910 SH DEFINED 1 10,534,910 0 0
RESOLUTE ENERGY CORP COM 76116A108 4,244 368,700 SH DEFINED 2 368,700 0 0
RESOLUTE ENERGY CORP WARRANTS 76116A116 9,395 8,169,525 SH DEFINED 1 8,169,525 0 0
RESOLUTE ENERGY CORP WARRANTS 76116A116 322 279,753 SH DEFINED 2 279,753 0 0