A Shifting Scene: The Holdings of Highland Capital Management

Highland Capital Management made some changes to their fund in the third quarter of 2015. Octa Finance released the details from their quarterly 13F in an article about the fund. The document was filed on February 13 of 2016 and it details the fund’s equity exposure, which accounts for 22.73 percent of the fund’s managed assets.

The fund made some major position changes. It now has sold out completely in Disney Walt Co, Laboratory Corp Amer Hldgs, Abbott Labs and many more. The fund has new positions in Eagle Pharmaceuticals, Jarden Corp, Vulcan Matls Co, among others. Through the new positions the fund gained and the positions that the fund sold out of, the fund kept to certain patterns when it came to the sectors it was involved in. During the third quarter, the fund left most of its health care and finance sector positions and increased its position in the information technology sector.

The fund’s top three holdings account for 13.59 percent of their U.S. listed securities. They are in Salesforce Com Inc, Ishares Tr and American Airls Group Inc. The fund’s top 10 holdings account for nearly 30 percent of the 13F reported portfolio. However, while American Airls Group Inc and Ishares Tr were 2 of the top 3 holds of Highland Capital Management, the fund actually decreased their position by 56 percent and 52 percent respectively.

The Co-Founder and President of Highland Capital Management is James Dondero. Jim brings extensive experience in distressed and high yield investing in the equity and credit markets. His leadership has also helped the fund to become cutting edge in development of credit oriented solutions for world wide retail and institutional investors. They have also led the industry in the development of a market for Collateralized Loan Obligation.

Before founding Highland Capital Management, Jim served as a Chief Executive Office for a GIC subsidiary of Protective Life, a Corporate Bond Analyst for American Express, a Portfolio Manager for American Express and an analyst for the Morgan Guaranty training program. Dondero was prepared for all of these positions in finance after graduating with high honors from the McIntire School of Commerce at the University of Virginia. Currently, Dondero serves as a Chairman of Cornerstone Healthcare, CCS Medical and Nexbank.

If you would like to read the entire article, please click here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/

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