Highland Capital Management Added 69 New Stocks To Their Hedge Fund In Q3 Of 2015

Highland Capital Management recently released their 3rd quarter portfolio figures. The value of the portfolio in that quarter was $3.4 billion. The value of the portfolio is down from the previous quarter’a total of $4.9 billion. The recent filing represents more than 22 percent of the fund’s total holdings. Jim Dondero, the co-founder and president of Highland Capital Management, said the total assets under management was more than $15 billion.

The top five stock in Highland Capital’s portfolio are SPDR S&P 500 EFT TR, Amazon.com, Eagle Pharmaceuticals, Danaher Corp and Intra-Cellular. The filing also showed the firm increase their position in several other stocks. Those stocks included American Airlines Group, Burlington Industries, Salesforces Com Inc, Patterson Companies Inc, Corning Inc, Kinder Morgan Inc and LDR Holdings Corp.

Jim Dondero also decided to sell the fund’s shares in SPDR Series Trust Inc, Laboratory Corp American Holdings, McKesson Corp, Envision Healthcare, and NexPoint Cr Holdings. The reason for selling those stocks is unknown, but the sale of those holdings could be the result of shifting funds into the foreign currency exchange in order to short the yuan.

Highland Capital is one of the largest hedge fund firms in the country. The firm is based in Dallas, but Jim Dondero also set up offices in Sao Paulo, Singapore, New York and Seoul in order to stay on top of the ever-changing market. Jim Dondero is a credit allocation specialist as well as an accountant. Highland Capital has been in the investment business for more than 22 years. Mark Okada and Jim Dondero decided to open Highland Capital in order to take advantage of the opportunities that existed in the several segments of the economy.

Dondero’s portfolio figures also show a decrease in the firm’s position in American Airlines, American Express, NRG Energy and Anadarko Pete Corp. Highland Capital’s top three holdings are still American Airlines, Salesforce Com Inc and Ishares Trust and American Express, and Loral Space are right behind them.

According to Dondero, the Highland Capital fund has 18 percent of its assets in information technology stocks, 20 percent in Healthcare stocks, 15 percent in finance, 12 percent in energy, 10 percent in consumer-related stocks, 8 percent in transportation, 4 percent in utilities and telecommunications, 1 percent in materials, and 1 percent in services.

According to an article published by OctaFinance.com, Highland Capital’s top ten stocks stayed the same.They are: Amazon Com Inc, SPDR S&P 500 EFT TR, Eagle Pharmaceuticals Inc, Intra Cellular Therapies Inc, Danaher Corp Del, Vulcan Materials Co Jarden Corp, Extra Space Storage Inc, Illumina Inc and Anacor Pharmaceuticals Inc.

Follow Jim on Twitter and Facebook to stay up to date on stock market news.

Leave a Reply

Recent Posts