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

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

2025 Q3: 1.19%YTD: -0.9%2024: 1.36%

Performance for 2025 Q3 is 1.19%, and YTD is -0.9%, and 2024 is 1.36%.

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

In it's latest 13F Holdings report, NEXPOINT ASSET MANAGEMENT, L.P. reported an equity portfolio of $1.2 Billions as of 30 Sep, 2025.

The top stock holdings of NEXPOINT ASSET MANAGEMENT, L.P. are NREF, , AVDX. The fund has invested 10.6% of it's portfolio in NEXPOINT REAL ESTATE FIN INC and 8.4% of portfolio in WNS HLDGS LTD.

The fund managers got completely rid off SKECHERS U S A INC (SKX), SPRINGWORKS THERAPEUTICS INC (SWTX) and JUNIPER NETWORKS INC (JNPR) stocks. They significantly reduced their stock positions in KELLANOVA (K), TARGA RES CORP (TRGP) and ENERGY TRANSFER L P (ET). NEXPOINT ASSET MANAGEMENT, L.P. opened new stock positions in WNS HLDGS LTD, VERONA PHARMA PLC (VRNA) and AIR LEASE CORP (AL). The fund showed a lot of confidence in some stocks as they added substantially to CHART INDS INC (GTLS), RALLIANT CORP and REYNOLDS CONSUMER PRODS INC (REYN).

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 1.19% in the last quarter. In trailing 12 months, it's portfolio return was -0.22%.

New Buys

Ticker	$ Bought
wns hldgs ltd	96,946,600
verona pharma plc	62,382,800
air lease corp	48,685,800
mr cooper group inc	40,285,600
proassurance corp	31,882,500
electronic arts inc	31,432,900
integral ad science hldng co	27,286,700
verint sys inc	23,122,300

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

Additions

Ticker	% Inc.
chart inds inc	1,237
ralliant corp	265
highland opps & income fd	206
reynolds consumer prods inc	132
guild hldgs co	95.96
avidxchange holdings inc	74.43
charles riv labs intl inc	48.78
lamb weston hldgs inc	36.33

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

Reductions

Ticker	% Reduced
kellanova	-70.47
targa res corp	-45.59
energy transfer l p	-39.08
indie semiconductor inc	-36.07
teck resources ltd	-30.99
telesat corp	-25.77
yeti hldgs inc	-23.28
sotera health co	-21.05

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

Sold off

Ticker	$ Sold
e2open parent holdings inc	-15,400,400
walgreens boots alliance inc	-50,496,800
dun & bradstreet hldgs inc	-22,896,700
juniper networks inc	-63,286,300
springworks therapeutics inc	-74,390,600
radius recycling inc	-39,333,400
sitio royalties corp	-23,224,500
skechers u s a inc	-76,699,400

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

Sector Distribution

NEXPOINT ASSET MANAGEMENT, L.P. has about 17.7% of it's holdings in Others sector.

Sector	%
Others	17.7
Real Estate	16.5
Technology	15.4
Communication Services	9.8
Industrials	9.6
Financial Services	8
Healthcare	7.1
Utilities	6.3
Energy	4.5
Consumer Cyclical	3.6
Consumer Defensive	1.5

Market Cap. Distribution

NEXPOINT ASSET MANAGEMENT, L.P. has about 8.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	31.3
SMALL-CAP	30.5
UNALLOCATED	17.7
MICRO-CAP	11.7
LARGE-CAP	8.8

Stocks belong to which Index?

About 62.8% of the stocks held by NEXPOINT ASSET MANAGEMENT, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	54.8
Others	37.2
S&P 500	8

Top 5 Winners (%)		%
VSCO	victorias secret and co	46.5 %
GPRE	green plains inc	45.8 %
SHC	sotera health co	41.5 %
SRG	seritage growth pptys	38.0 %
ARE	alexandria real estate eq in	14.8 %

Top 5 Winners ($)		$
NREF	nexpoint real estate fin inc	3.3 M
VSCO	victorias secret and co	2.3 M
TALO	talos energy inc	1.6 M
SHC	sotera health co	1.4 M
K	kellanova	1.1 M

Top 5 Losers (%)		%
HRTX	heron therapeutics inc	-39.1 %
WSC	willscot hldgs corp	-23.0 %
SMPL	simply good foods co	-21.4 %
RC	ready capital corp	-11.4 %
FCX	freeport-mcmoran inc	-9.5 %

Top 5 Losers ($)		$
ET	energy transfer l p	-1.2 M
NXRT	nexpoint residential tr inc	-1.0 M
RC	ready capital corp	-0.4 M
TRGP	targa res corp	-0.4 M
HRTX	heron therapeutics inc	-0.4 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 91 stocks in it's portfolio. About 53.9% of the portfolio is in top 10 stocks. ET proved to be the most loss making stock for the portfolio. NREF was the most profitable stock for NEXPOINT ASSET MANAGEMENT, L.P. last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ADBE	adobe inc	0.07	2,153	759,471	unchanged	0.00

AGS	playags inc	0.00	0.00	0.00	sold off	-100

AL	air lease corp	4.23	764,898	48,685,800	new

ALE	allete inc	0.28	48,500	3,220,400	added	24.4

AMD	advanced micro devices inc	0.04	2,700	436,833	new

ARE	alexandria real estate eq in	0.41	56,000	4,667,040	unchanged	0.00

ARIS	aris water solutions inc	0.96	449,898	11,094,500	new

AVDX	avidxchange holdings inc	7.67	8,869,060	88,247,100	added	74.43

AZEK	azek co inc	0.00	0.00	0.00	sold off	-100

BASE	couchbase inc	0.00	0.00	0.00	sold off	-100

BHR	braemar hotels & resorts inc	0.74	523,457	8,500,940	reduced	-6.01

BILL	bill holdings inc	0.07	16,022	848,685	new

BLCO	bausch plus lomb corp	0.00	0.00	0.00	sold off	-100

BPMC	blueprint medicines corp	0.00	0.00	0.00	sold off	-100

BRZE	braze inc	0.10	42,079	1,196,730	new

CACI	caci intl inc	0.00	0.00	0.00	sold off	-100

CDAY	dayforce inc	1.30	217,839	15,006,900	new

CEPU	central puerto s a	0.37	530,000	4,245,300	unchanged	0.00

CIO	city office reit inc	0.46	764,085	5,318,030	new

CLH	clean harbors inc	0.00	0.00	0.00	sold off	-100