Archive for March 2nd, 2016

Highland Capital Management Q3 2015 13F Highlights03.02.16

Highland Capital Management filed its quarterly 13F which showed that the firm has a portfolio valued at $3.42 billion. This represents a decrease in value from $4.91 billion the previous quarter. This is only around 22.73% of Highland Capital’s $15.04 billion total assets under management.

Highland Capital Management bought a total of 69 stocks. The 5 largest new holdings were:

  • Spdr S&P 500 Etf Tr – $67.07 million
  • Amazon Com Inc – $23.35 million
  • Eagle Pharmaceuticals Inc – $17.73 million
  • Danaher Corp Del – $17.24 million
  • Intra Cellular Therapies Inc – $15.90 million

According to the filing, the firm increased its stake in the following: American Airls Group Inc (Call) (AAL) by 60% to $204.25 million, Patterson Companies Inc (PDCO) by 16% to $87.91 million, Kinder Morgan Inc Del by 173% to $5.38 million, Corning Inc (GLW) by 18% to $54.86 million, and Salesforce Com Inc (Call) (CRM) by 18% to $54.85 million.

The firm reduced its position in the following stocks: Ishares Tr (Put) by -52.05%, American Airls Group Inc by -56.11%, American Express Co (Call) by -17.54%, Anadarko Pete Corp by -76.75%, and Nrg Energy Inc by -20.76%.

According to the Highland Capital Management filings, sectors in its portfolio that received increases were: information technology sector at 18%, energy sector at 12 %, and consumer discretionary sector at 10%. Sectors that had a reduced position were: health care at 20% and Finance sector at 18%.

For all the sectors it is involved in, here are its positions:

  • Health care 20 % – $683.78 million
  • Information technology 18 % – $615.40 million
  • Finance 18 % – $615.40 million
  • Energy 12 % – $410.27 million
  • Consumer discretionary 10 % – $341.89 million
  • Transports 8 % – $273.51 million
  • Utilities & telecommunications 4 % – $136.76 million
  • Materials 1 % – $34.19 million
  • Services 1 % – $34.19 million

James Dondero

James Dondero is the President of Highland Capital Management. Founded in 1993, Highland Capital has under his leadership, managed more than $15 billion in assets. Previously James ‘Jim’ Dondero was the Chief Investment Officer of GIC, a subsidiary of Protective Life. While there, he assisted in growing the business to over $2 billion in 4 years.

Jim attended the University of Virginia where he obtained a Bachelor’s in Commerce (Accounting and Finance). He is the board chairman at CCS Medical, NexBank, and Cornerstone Healthcare. He is also a member of the board of directors of Metro-Goldwyn-Mayer and American Banknote Corporation.

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