UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: 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 May 15, 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: 129
Form 13F Information Table Value Total: $2,523,698 (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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ACCURAY INC COM 004397105 18560 4000000 SH SOLE 4000000 0 0
ACCURAY INC NOTE 3.500% 2/0 004397AC9 1593 1500000 PRN SOLE 1500000 0 0
ACCURAY INC NOTE 3.750% 8/0 004397AB1 2706 3000000 PRN SOLE 3000000 0 0
ACUITY BRANDS INC COM 00508Y102 337 4866 SH SOLE 4866 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 22695 715700 SH SOLE 21600 0 694100
AMAZON COM INC COM 023135106 23314 87484 SH SOLE 87484 0 0
ANADARKO PETE CORP COM 032511107 8144 93128 SH SOLE 93128 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 50346 2137844 SH SOLE 280521 0 1857323
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 48175 483925 SH SOLE 483925 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 90 900 SH PUT SOLE 900 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 7952 610271 SH SOLE 27048 0 583223
BANK OF AMERICA CORPORATION COM 060505104 10544 865662 SH SOLE 865662 0 0
BARRICK GOLD CORP COM 067901108 3096 105300 SH SOLE 105300 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 21213 310000 SH SOLE 0 0 310000
BOISE INC COM 09746Y105 18633 2151637 SH SOLE 95089 0 2056548
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 158 27421 SH SOLE 27421 0 0
CALPINE CORP COM NEW 131347304 26079 1265965 SH SOLE 1265965 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 14555 295300 SH SOLE 12300 0 283000
CBS CORP NEW CL B 124857202 5930 127000 SH SOLE 127000 0 0
CLOUD PEAK ENERGY INC COM 18911Q102 14639 779500 SH SOLE 0 0 779500
CONSOL ENERGY INC COM 20854P109 58904 1750499 SH SOLE 44200 0 1706299
COSAN LTD SHS A G25343107 372 19100 SH SOLE 19100 0 0
CROSSTEX ENERGY INC COM 22765Y104 1260 65420 SH SOLE 65420 0 0
CUMULUS MEDIA INC CL A 231082108 70 20833 SH SOLE 20833 0 0
CYTEC INDS INC COM 232820100 260972 3522838 SH SOLE 2429338 0 1093500
CYTORI THERAPEUTICS INC COM 23283K105 46 18450 SH SOLE 18450 0 0
DENDREON CORP NOTE 2.875% 1/1 24823QAC1 2406 3007000 PRN SOLE 3007000 0 0
DISNEY WALT CO COM DISNEY 254687106 4544 80000 SH SOLE 80000 0 0
DOMTAR CORP COM NEW 257559203 45175 582000 SH SOLE 27800 0 554200
DOW CHEM CO COM 260543103 31484 988824 SH SOLE 73665 0 915159
EASTMAN CHEM CO COM 277432100 43983 629493 SH SOLE 121606 0 507887
EDGEN GROUP INC CL A 28014Q107 7346 1016101 SH SOLE 1016101 0 0
EMCOR GROUP INC COM 29084Q100 441 10400 SH SOLE 10400 0 0
ENDO HEALTH SOLUTIONS INC NOTE 1.750% 4/1 29264FAB2 2389 2000000 PRN SOLE 2000000 0 0
FORTINET INC COM 34959E109 2957 124861 SH SOLE 124861 0 0
GARDNER DENVER INC COM 365558105 69016 918862 SH SOLE 0 0 918862
GENERAL ELECTRIC CO COM 369604103 4624 200000 SH SOLE 200000 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 20276 2616319 SH SOLE 149300 0 2467019
GOOGLE INC CL A 38259P508 27264 34329 SH SOLE 34329 0 0
HOME DEPOT INC COM 437076102 9965 142809 SH SOLE 142809 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 229 4296 SH SOLE 4296 0 0
HUNTSMAN CORP COM 447011107 158570 8529842 SH SOLE 4605725 0 3924117
IGNITE RESTAURANT GROUP INC COM 451730105 363 24736 SH SOLE 24736 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 111 10988 SH SOLE 10988 0 0
INTL PAPER CO COM 460146103 31552 677372 SH SOLE 23384 0 653988
ISHARES TR RUSSELL 2000 464287655 3135 33200 SH PUT SOLE 33200 0 0
ITC HLDGS CORP COM 465685105 20069 224834 SH SOLE 224834 0 0
ITT CORP NEW COM NEW 450911201 4837 170139 SH SOLE 170139 0 0
JOURNAL COMMUNICATIONS INC CL A 481130102 114 17021 SH SOLE 17021 0 0
JPMORGAN CHASE & CO COM 46625H100 2098 44208 SH SOLE 44208 0 0
KAISER ALUMINUM CORP COM PAR $0.01 483007704 15839 245000 SH SOLE 0 0 245000
KINDER MORGAN INC DEL COM 49456B101 98285 2540980 SH SOLE 2540980 0 0
KINROSS GOLD CORP COM NO PAR 496902404 96884 12217459 SH SOLE 5051349 0 7166110
KODIAK OIL & GAS CORP COM 50015Q100 190 20887 SH SOLE 20887 0 0
LADENBURG THALMAN FIN SVCS I COM 50575Q102 137 82352 SH SOLE 82352 0 0
LAS VEGAS SANDS CORP COM 517834107 5072 90000 SH SOLE 90000 0 0
LIBERTY GLOBAL INC COM SER C 530555309 7343 107000 SH SOLE 107000 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 2783 225000 SH SOLE 225000 0 0
LOCKHEED MARTIN CORP COM 539830109 24521 254046 SH SOLE 254046 0 0
MARATHON PETE CORP COM 56585A102 58163 649136 SH SOLE 649136 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 257 6000 SH PUT SOLE 6000 0 0
MCGRAW HILL COS INC COM 580645109 70481 1353321 SH SOLE 1353321 0 0
METHANEX CORP COM 59151K108 81976 2012500 SH SOLE 209700 0 1802800
METHODE ELECTRS INC COM 591520200 155 12000 SH SOLE 12000 0 0
MGIC INVT CORP WIS NOTE 2.000% 4/0 552848AE3 101 100000 PRN SOLE 100000 0 0
MOHAWK INDS INC COM 608190104 4072 36000 SH SOLE 36000 0 0
MONDELEZ INTL INC CL A 609207105 6245 204000 SH SOLE 204000 0 0
MONSTER BEVERAGE CORP COM 611740101 2626 55000 SH SOLE 55000 0 0
MYR GROUP INC DEL COM 55405W104 367 14936 SH SOLE 14936 0 0
NCI BUILDING SYS INC COM NEW 628852204 382 22006 SH SOLE 22006 0 0
NEVSUN RES LTD COM 64156L101 982 255000 SH SOLE 255000 0 0
NEXTERA ENERGY INC COM 65339F101 6744 86815 SH SOLE 86815 0 0
NEXTERA ENERGY INC UNIT 09/01/2015 65339F887 3273 60000 SH SOLE 60000 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 8130 213110 SH SOLE 213110 0 0
NORTHROP GRUMMAN CORP COM 666807102 500 7125 SH SOLE 7125 0 0
NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 1929 1588000 PRN SOLE 1588000 0 0
OM GROUP INC COM 670872100 7422 316119 SH SOLE 60923 0 255196
OREXIGEN THERAPEUTICS INC COM 686164104 4695 750000 SH SOLE 750000 0 0
OWENS ILL INC COM NEW 690768403 10697 401400 SH SOLE 0 0 401400
PENNYMAC MTG INVT TR COM 70931T103 52968 2045880 SH SOLE 2045880 0 0
PRETIUM RES INC COM 74139C102 46986 5926852 SH SOLE 2707505 0 3219347
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 1238 41776 SH SOLE 41776 0 0
QUALCOMM INC COM 747525103 31206 466173 SH SOLE 466173 0 0
REDWOOD TR INC NOTE 4.625% 4/1 758075AB1 552 500000 PRN SOLE 500000 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 15354 215735 SH SOLE 0 0 215735
ROCK-TENN CO CL A 772739207 36315 391363 SH SOLE 18253 0 373110
ROCKWELL COLLINS INC COM 774341101 42173 668133 SH SOLE 668133 0 0
ROUNDYS INC COM 779268101 68 10386 SH SOLE 10386 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 1340 37900 SH SOLE 37900 0 0
ROYAL GOLD INC COM 780287108 7468 105142 SH SOLE 105142 0 0
SCHLUMBERGER LTD COM 806857108 5212 69594 SH SOLE 69594 0 0
SCHLUMBERGER LTD COM 806857108 1498 20000 SH CALL SOLE 20000 0 0
SCHWAB CHARLES CORP NEW COM 808513105 20414 1153980 SH SOLE 1153980 0 0
SEADRILL PARTNERS LLC COMUNIT REP LB Y7545W109 11350 409001 SH SOLE 409001 0 0
SEMGROUP CORP CL A 81663A105 8623 166730 SH SOLE 166730 0 0
SEMPRA ENERGY COM 816851109 7049 88176 SH SOLE 88176 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 22285 3944195 SH SOLE 969422 0 2974773
SMITH A O COM 831865209 390 5300 SH SOLE 5300 0 0
SOLAZYME INC COM 83415T101 7438 953613 SH SOLE 160506 0 793107
SOURCEFIRE INC COM 83616T108 6551 110600 SH SOLE 110600 0 0
SOUTHERN COPPER CORP COM 84265V105 28664 762943 SH SOLE 36958 0 725985
SPDR GOLD TRUST GOLD SHS 78463V107 2919 18900 SH SOLE 18900 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1545 10000 SH CALL SOLE 10000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 783 5000 SH PUT SOLE 5000 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 53 1300 SH PUT SOLE 1300 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 363 6000 SH PUT SOLE 6000 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 106 1500 SH PUT SOLE 1500 0 0
SPLUNK INC COM 848637104 43836 1095078 SH SOLE 1095078 0 0
TARGA RES CORP COM 87612G101 2433 35800 SH SOLE 35800 0 0
TESLA MTRS INC COM 88160R101 2388 63020 SH SOLE 63020 0 0
TETRA TECH INC NEW COM 88162G103 351 11500 SH SOLE 11500 0 0
TEXTRON INC COM 883203101 3380 113400 SH SOLE 113400 0 0
THORATEC CORP COM NEW 885175307 8437 225000 SH SOLE 225000 0 0
TYCO INTERNATIONAL LTD SHS H89128104 3360 105000 SH SOLE 105000 0 0
UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 5219 5000000 PRN SOLE 5000000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 41692 728756 SH SOLE 728756 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 31774 1046234 SH SOLE 1046234 0 0
VIVUS INC COM 928551100 105103 9554858 SH SOLE 9554858 0 0
WASTE MGMT INC DEL COM 94106L109 500 12761 SH SOLE 12761 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102 341 7100 SH SOLE 7100 0 0
WELLPOINT INC COM 94973V107 502 7586 SH SOLE 7586 0 0
WENDYS CO COM 95058W100 57 10001 SH SOLE 10001 0 0
WESTLAKE CHEM CORP COM 960413102 60837 650660 SH SOLE 134621 0 516039
WHITE MTNS INS GROUP LTD COM G9618E107 204 359 SH SOLE 359 0 0
WILLIAMS COS INC DEL COM 969457100 77701 2074231 SH SOLE 2074231 0 0
YAHOO INC COM 984332106 52430 2228297 SH SOLE 2228297 0 0
YAMANA GOLD INC COM 98462Y100 35002 2280255 SH SOLE 55840 0 2224415
YELP INC CL A 985817105 48113 2029241 SH SOLE 2029241 0 0
ZIPREALTY INC COM 98974V107 5545 1519058 SH SOLE 1519058 0 0