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A Quick Look at Highland Capital’s Q3 Stocks

Highland Capital Management on 24/12/215 filed its quarterly 13F.The SEC filing showed that the hedge fund has a portfolio value of $3.43 billion. Compared to the previous quarter that was $4.91 billion this is a decrease of $1.48 billion. Around 22.81% of Highland Capital Management LP Assets that are listed in the US are shown by the filling.

NEW HOLDINGS

Highland Capital Management top new buys for the quarter are:

SPY-SPDR S&P 500 ETF TR for $67.07 million

Amazon com Inc. for $ 23.35 million

Eagle Pharmaceuticals Inc. for $17.73 million

Danaher Corp Del for $17.24 million

Intra Cellular Therapies Inc. for $15.90 million
Hedge fund bought 69 new stocks.

INCREASED POSITION

Hedge fund increased its stakes in the following places:

American Airls Group Inc. to $204.25million

Patterson Companies Inc. $ 87.91million

Kinder Morgan Inc. Del $5.38million

Corning Inc. 54.86million

Small stakes acquired include:

Salesforce Com Inc.$145.22million

Burlington Stores Inc.$35.57 million

Ldr Hldg Corp $37.95 million

Many investors use the strategy of build positions gradually.

SOLD STOCKS

The following stocks were disposed from Highland Management Capital, due to value, momentum or better place for its capital.

Percentage in portfolio

Spdr Series Trust 5.63%

Nexpoint Cr Strategies Fd 0 .81%

Mckesson Corp 0.56%

Envision Healthcare Holdings In 0.47%

Laboratory Corp Amer Hldgs 0.43%

REDUCED POSITION

Highland Management Capital slashed Its position in:

IShares Tr -52.05%

American Airls Group Inc. -56.11%

American Express Co -17.54%

Anadarko Pete Corp – 76.75%

Nrg Energy Inc. -20.76%

Highland Management Capital portfolio majority are AAL, CRM and IWM they constituted 13.54% of the company’s securities.

SECTOR ALLOCATION AND ANALYSIS

IT sector was up from 16% to 18%, fund has 12% securities in the energy sector. Health and finance sectors were slashed by 20% and 38% respectively.

SECTOR DOLLARS (millions)

Healthcare 686.07

Finance 617.47

Energy 411.64

Consumer discretionary 343.04

Transports 274.43

Utilities and telecommunications 137.21

Materials 34.30

Services 34.30
WHO IS JAMES DONDERO?

James Dondero lives in Dallas. Jim is the president and co-founder of Highland Capital Management. He has experience of 30 years and above of equity markets and credits. Jim is the Chairman of Cornerstone health care, Nexbank, CCS Medical. Jim is also a board member of MGM studios and American Banknote.

James is a philanthropist he supports education, public policy and veteran affairs initiatives. He graduated from the University of Virginia with highest honors from McEntire commerce school, with both majors in commerce and finance.
http://www.octafinance.com/top-10-highland-capital-management-positions-in-q3-2015/323054/

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