Latest HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. Stock Portfolio

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. Performance:

2025 Q4: 0.51%YTD: 0.13%2024: 2.95%

Performance for 2025 Q4 is 0.51%, and YTD is 0.13%, and 2024 is 2.95%.

About HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, NEXPOINT ASSET MANAGEMENT, L.P. reported an equity portfolio of $1.4 Billions as of 31 Dec, 2025.

The top stock holdings of NEXPOINT ASSET MANAGEMENT, L.P. are NREF, CDAY, CYBR. The fund has invested 9.3% of it's portfolio in NEXPOINT REAL ESTATE FIN INC and 6.8% of portfolio in DAYFORCE INC.

The fund managers got completely rid off WNS HLDGS LTD, AVIDXCHANGE HOLDINGS INC (AVDX) and VERONA PHARMA PLC (VRNA) stocks. They significantly reduced their stock positions in CSX CORP (CSX), TALOS ENERGY INC (TALO) and TXNM ENERGY INC (PNM). NEXPOINT ASSET MANAGEMENT, L.P. opened new stock positions in CYBERARK SOFTWARE LTD (CYBR), AVIDITY BIOSCIENCES INC (RNA) and HOLOGIC INC (HOLX). The fund showed a lot of confidence in some stocks as they added substantially to JAMF HLDG CORP (JAMF), DAYFORCE INC (CDAY) and FISERV INC.

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. Annual Return Estimates Vs S&P 500

Our best estimate is that NEXPOINT ASSET MANAGEMENT, L.P. made a return of 0.51% in the last quarter. In trailing 12 months, it's portfolio return was 0.13%.

Performance
S&P 500

New Buys

Ticker	$ Bought
cyberark software ltd	82,905,600
avidity biosciences inc	66,644,500
hologic inc	63,989,900
cidara therapeutics inc	61,827,100
hillenbrand inc	60,796,500
sealed air corp new	59,879,200
exact sciences corp	49,357,100
confluent inc	41,809,800

New stocks bought by HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P.

Additions

Ticker	% Inc.
jamf hldg corp	3,744
dayforce inc	550
fiserv inc	376
workday inc	191
gitlab inc	141
bill holdings inc	101
wheeler real estate invt tr	100
braze inc	78.13

Additions to existing portfolio by HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P.

Reductions

Ticker	% Reduced
csx corp	-69.57
talos energy inc	-61.02
braemar hotels & resorts inc	-35.09
txnm energy inc	-30.63
international paper co	-14.06
soho house & co inc	-11.44
chart inds inc	-11.39
ready capital corp	-2.62

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. reduced stake in above stock

Sold off

Ticker	$ Sold
avidxchange holdings inc	-88,247,100
integral ad science hldng co	-27,286,700
hanesbrands inc	-13,152,300
vimeo inc	-13,818,300
wns hldgs ltd	-96,946,600
verint sys inc	-23,122,300
mrc global inc	-12,098,700
guild hldgs co	-16,599,400

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. got rid off the above stocks

Sector Distribution

NEXPOINT ASSET MANAGEMENT, L.P. has about 21.2% of it's holdings in Technology sector.

Sector	%
Technology	21.2
Healthcare	17.3
Others	14.2
Real Estate	14.1
Industrials	10.4
Communication Services	6.8
Consumer Cyclical	5.3
Financial Services	4.9
Utilities	3.1
Energy	2.2

Market Cap. Distribution

NEXPOINT ASSET MANAGEMENT, L.P. has about 28.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	35
LARGE-CAP	28.4
UNALLOCATED	14.2
SMALL-CAP	12.7
MICRO-CAP	9.6

Stocks belong to which Index?

About 60.1% of the stocks held by NEXPOINT ASSET MANAGEMENT, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	40.3
Others	39.9
S&P 500	19.8

Top 5 Winners (%)		%
SUPV	grupo supervielle s.a.	138.8 %
CEPU	central puerto s a	118.5 %
YETI	yeti hldgs inc	33.1 %
	lionsgate studios corp	25.5 %
	ralliant corp	16.4 %

Top 5 Winners ($)		$
CEPU	central puerto s a	5.0 M
JAMF	jamf hldg corp	3.4 M
PNM	txnm energy inc	1.4 M
WSR	whitestone reit	1.4 M
TALO	talos energy inc	1.3 M

Top 5 Losers (%)		%
RC	ready capital corp	-43.1 %
ARE	alexandria real estate eq in	-41.3 %
	fiserv inc	-35.7 %
SRG	seritage growth pptys	-23.5 %
VST	vistra corp	-17.7 %

Top 5 Losers ($)		$
VST	vistra corp	-2.6 M
NXRT	nexpoint residential tr inc	-2.0 M
ARE	alexandria real estate eq in	-1.9 M
RC	ready capital corp	-1.5 M
	highland opps & income fd	-1.2 M

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P.

NEXPOINT ASSET MANAGEMENT, L.P. has 81 stocks in it's portfolio. About 50.7% of the portfolio is in top 10 stocks. VST proved to be the most loss making stock for the portfolio. CEPU was the most profitable stock for NEXPOINT ASSET MANAGEMENT, L.P. last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ADBE	adobe inc	0.07	2,896	1,013,570	added	34.51

AL	air lease corp	3.42	764,898	49,129,400	unchanged	0.00

ALE	allete inc	0.00	0.00	0.00	sold off	-100

ALEX	alexander & baldwin inc new	0.93	646,139	13,336,300	new

AMD	advanced micro devices inc	0.00	0.00	0.00	sold off	-100

ARE	alexandria real estate eq in	0.19	56,000	2,740,640	unchanged	0.00

ARIS	aris water solutions inc	0.00	0.00	0.00	sold off	-100

AVDX	avidxchange holdings inc	0.00	0.00	0.00	sold off	-100

BEP	brookfield renewable partner	0.11	57,506	1,550,940	unchanged	0.00

BHF	brighthouse finl inc	2.60	576,508	37,352,000	new

BHR	braemar hotels & resorts inc	0.35	339,774	5,032,050	reduced	-35.09

BILL	bill holdings inc	0.12	32,225	1,757,550	added	101

BL	blackline inc	0.14	35,450	1,960,030	new

BRZE	braze inc	0.18	74,955	2,570,210	added	78.13

CDAY	dayforce inc	6.83	1,416,840	97,988,300	added	550

CDTX	cidara therapeutics inc	4.31	279,900	61,827,100	new

CEPU	central puerto s a	0.65	530,000	9,275,000	unchanged	0.00

CFLT	confluent inc	2.91	1,382,600	41,809,800	new

CIO	city office reit inc	0.00	0.00	0.00	sold off	-100

COOP	mr cooper group inc	0.00	0.00	0.00	sold off	-100