Let's Get Real.
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.
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.
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.
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%
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)
Consumer discretionary 343.04
Utilities and telecommunications 137.21
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.