13F-HR 1 a2128960z13f-hr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2003 ----------------------- 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: Cascade Investment, L.L.C. ------------------------------------------------ Address: 2365 Carillon Point ------------------------------------------------ Kirkland, WA 98033 ------------------------------------------------ Form 13F File Number: 28-05149 --------------------- 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: Michael Larson ------------------------------- Title: Manager ------------------------------- Phone: (425) 889-7900 ------------------------------- Signature, Place, and Date of Signing: /s/ Michael Larson Kirkland, Washington February 17, 2004 ------------------------------- -------------------- ----------------- [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 -------------------- Form 13F Information Table Entry Total: 19 -------------------- Form 13F Information Table Value Total: $ 3,038,506 -------------------- (thousands) PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, CONFIDENTIAL INFORMATION HAS BEEN OMITTED FROM THIS FORM 13F AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name None 28-05147 Michael Larson ------ ----------------- --------------------------------- [Repeat as necessary.] FORM 13F INFORMATION TABLE AS OF DECEMBER 31, 2003
AMOUNT AND TYPE OF SECURITY VOTING AUTHORITY ----------------------------------------------------------------------------------------------------------------------------------- VALUE SHARES/PRN SH/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) AMOUNT PRN DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- ALASKA AIR GROUP INC COM 011659109 $ 21,625 792,400 SH OTHER 1 792,400 AVISTA CORP COM 05379B107 $ 44,071 2,432,200 SH OTHER 1 2,432,200 BOCA RESORTS INC CL A 09688T106 $ 30,634 2,047,704 SH OTHER 1 2,047,704 CANADIAN NATIONAL RAILWAY CO COM 136375102 $620,157 9,800,200 SH OTHER 1 9,800,200 COX COMMUNICATIONS INC CL A 224044107 $842,784 24,463,986 SH OTHER 1 24,463,986 EXTENDED STAY AMER INC COM 30224P101 $ 75,180 5,192,000 SH OTHER 1 5,192,000 FISHER COMMUNICATIONS INC COM 337756209 $ 23,017 455,700 SH OTHER 1 455,700 FOUR SEASONS HOTEL INC LTD VTG SH 35100E104 $ 22,583 441,500 SH OTHER 1 441,500 GRUPO TELEVISA SA SP ADR REP ORD 40049J206 $193,712 4,859,800 SH OTHER 1 4,859,800 ICOS CORP COM 449295104 $221,240 5,359,501 SH OTHER 1 5,359,501 NEXTEL PARTNERS INC CL A 65333F107 $117,354 8,725,236 SH OTHER 1 8,725,236 OTTER TAIL CORP COM 689648103 $ 41,373 1,547,799 SH OTHER 1 1,547,799 PAIN THERAPEUTICS INC COM 69562K100 $ 10,259 1,476,100 SH OTHER 1 1,476,100 PAN AMERICAN SILVER CORP COM 697900108 $ 73,002 5,105,000 SH OTHER 1 5,105,000 PNM RES INC COM 69349H107 $103,804 3,694,100 SH OTHER 1 3,694,100 REPUBLIC SVCS INC COM 760759100 $463,347 18,078,300 SH OTHER 1 18,078,300 SCHNITZER STL INDS INC CL A 806882106 $ 27,370 452,400 SH OTHER 1 452,400 SEATTLE GENETICS INC COM 812578102 $ 30,211 3,521,088 SH OTHER 1 3,521,088 SIX FLAGS INC COM 83001P109 $ 76,784 10,210,600 SH OTHER 1 10,210,600