The Highlights of Highland Capital Management Q3 2015 13F Filing

Highland Capital Management LP has a portfolio value to the tune of $3.42 billion according to the quarterly 13F filed by its president, James Dondero, on 3rd February 2016. The filing represents only 22.73% of the Highland’s assets listed in the United States.

In this quarter, the Highland has used the hedge fund to buy 69 new purchases which include Spdr S&P 500 Etf Tr (Call) SPY valued $67.07 million, Eagle Pharmaceuticals Inc (EGRX) for $17.73 million, Amazon Com Inc (AMZN) for $23.35 million, Intra Cellular Therapies Inc (ITCI) for $15.90 million and Danaher Corp Del (DHR) for $17.24 million.
This has subsequently increased the LP’s stakes in Kinder Morgan Inc Del to $5.38 million, American Airls Group Inc (Call) (AAL) to $204.25 million, Patterson Companies Inc (PDCO) to $87.91 million, Salesforce Com Inc (Call) (CRM) to $54.85 million, Corning Inc (GLW) to $54.86, and smaller stakes in other companies.

The fund has also sold stakes in Spdr Series Trust (Put) (XBI), Laboratory Corp Amer Holdings (LH) and Envision Healthcare Holdings Inc (EVHC). This was done because of the better place for the company’s capital.

The majority of the LP’s total long portfolios in the United States this quarter are American Airls Group Inc (Call) (AAL), Ishares Tr (Put) (IWM) and Salesforce Co Inc (CRM). They make up 13.59% of the LP’s securities listed in the United States while the top 10 holdings constitute 29.55%.

The Highland’s sector share has significantly increased. The filing reveals further that the company lifted the IT sector from 16% to 18%. The fund has securities for 12% in the energy sector and the consumer is 10% of the Highland’s United States listed portfolio.

About the Highland’s president, James Dondero.

Jim, as he is commonly known, is the current president of Highland Capital Management of which he co-founded in 1993. James Dondero has been in the credit market for more than 30 years. He was instrumental in the development of Collateralized Loan Obligation (CLO). His Highland Capital Management has developed credit oriented solutions for both retail and institutional investors.

Jim Dondero graduated from the University of Virginia majoring in accounting and finance. As a Certified Management Accountant, he was granted the right to use the Chartered Financial Analyst designation. James is currently serving on Boards for both American Banknote and MGM Studios in addition to being the Chairman of Board for Cornerstone Healthcare, NexBank and CCS Medical Corporation. James lives in Dallas, Texas.

Follow James on Twitter and Facebook today!

First Reported in Octa Finance

Leave a Reply