Harbinger Capital Partners Master Fund I

Harbinger Capital Partners Master Fund I as of Dec. 31, 2008

Portfolio Holdings for Harbinger Capital Partners Master Fund I

Harbinger Capital Partners Master Fund I holds 29 positions in its portfolio as reported in the December 2008 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Calpine Corporation 23.0 $527M 72M 7.28
Cliffs Natural Resources 10.5 $240M 9.2M 26.23
CONSOL Energy 9.8 $226M 7.9M 28.58
Cablevision Systems Corporation 9.6 $220M 13M 16.84
New York Times Company (NYT) 9.1 $209M 29M 7.33
Leap Wireless International 8.0 $183M 6.8M 26.89
Navistar International Corporation 6.5 $150M 7.0M 21.38
Atlas Air Worldwide Holdings 6.0 $138M 7.3M 18.90
Solutia 4.2 $96M 21M 4.50
Electronic Arts (EA) 3.3 $76M 4.7M 16.04
Constellation Energy 2.1 $49M 1.7M 28.62
United States Oil Fund 1.6 $36M 1.1M 33.10
Hughes Communications 0.9 $22M 1.4M 15.94
Medivation 0.8 $18M 802k 22.54
ProShares UltraShort Financials 0.6 $13M 125k 103.01
Alpha Natural Resources 0.6 $13M 297k 42.25
Williams-Sonoma (WSM) 0.5 $12M 1.6M 7.86
TerreStar Corporation 0.5 $12M 27M 0.43
Media General 0.5 $10M 895k 11.53
Mirant Corporation 0.4 $9.5M 596k 15.93
Ashland 0.4 $9.1M 330k 27.61
ICO Global Communications (ICOG) 0.2 $5.7M 5.0M 1.13
RTI International Metals 0.2 $5.1M 331k 15.50
SeraCare Life Sciences 0.2 $4.7M 3.7M 1.29
Augusta Res Corp 0.2 $4.7M 11M 0.44
General Moly Inc Com Stk 0.1 $1.1M 324k 3.28
Southern Union Company 0.0 $894k 48k 18.84
Owens Corning New *w exp 10/30/201 0.0 $903k 475k 1.90
Spectrum Brands 0.0 $656k 438k 1.50