Hedge Fund Harbinger Capital Portfolio Update: Selling Large Chunk of Calpine

``While Harbinger has been a believer in Calpine's business model, there apparently have been some clashes ever since Philip Falcone picked up shares of CPN when it emerged from Chapter 11 bankruptcy. Apparently Falcone was upset firstly that they shunned an $11 billion takeover from NRG Energy (NRG) and secondly that Calpine was searching for a CEO, something he felt would hinder a deal. According to an amended 13D filing with the SEC, Philip Falcone's hedge fund now shows a 19.7% ownership stake in CPN with 86,980,047 shares. The filing was made due to activity on September 22nd, 2009.''