HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. Portfolio Holdings
Q3 2025•89 long positions•$1.1B portfolio value
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Holding123 | Sector | Position↕ | Traded↕ | Ownership↕ | Shares Δ↕ | Shares Δ % | Market Cap↕ | Owned Since↕ |
|---|---|---|---|---|---|---|---|---|
REIT - Mortgage Real Estate | $121.8M 10.94% | — | 48.46% 8.6M shares | — | — | $251.3M Micro Cap | Q1 2020 Held for 5y 8m | |
Information Technology Services Technology | $96.9M 8.71% | +$96.9M New | 2.96% 1.3M shares | 0 → 1.3M +$96.9M | New | $3.3B Mid Cap | Q3 2025 Held for 2 months | |
Software - Infrastructure Technology | $88.2M 7.93% | +$37.7M Bought | 4.27% 8.9M shares | 5.1M → 8.9M +$37.7M | +74.43% | $2.1B Mid Cap | Q2 2025 Held for 5 months | |
Unknown Unknown | $62.4M 5.6% | +$62.4M New | — 584.6K shares | 0 → 584.6K +$62.4M | New | — — | Q3 2025 Held for 2 months | |
Telecommunications Services Communication Services | $50.9M 4.57% | +$12.2M Bought | 0.545% 1.4M shares | 1.0M → 1.4M +$12.2M | +31.61% | $9.3B Mid Cap | Q3 2024 Held for 1y 2m | |
Rental & Leasing Services Industrials | $48.7M 4.37% | +$48.7M New | 0.684% 764.9K shares | 0 → 764.9K +$48.7M | New | $7.1B Mid Cap | Q3 2025 Held for 2 months | |
Unknown Unknown | $41.0M 3.69% | -$2.8M Sold | 0.689% 725.7K shares | 775.7K → 725.7K −$2.8M | -6.45% | $6.0B Mid Cap | Q2 2024 Held for 1y 5m | |
Financial - Mortgages Financial Services | $40.3M 3.62% | +$40.3M New | 0.299% 191.1K shares | 0 → 191.1K +$40.3M | New | $13.5B Large Cap | Q3 2025 Held for 2 months | |
Industrial - Machinery Industrials | $38.2M 3.43% | +$35.3M Bought | 0.424% 190.7K shares | 14.3K → 190.7K +$35.3M | +1,237.05% | $9.0B Mid Cap | Q4 2022 Held for 2y 11m | |
Insurance - Property & Casualty Financial Services | $31.9M 2.86% | +$31.9M New | 2.58% 1.3M shares | 0 → 1.3M +$31.9M | New | $1.2B Small Cap | Q3 2025 Held for 2 months | |
Electronic Gaming & Multimedia Technology | $31.4M 2.82% | +$31.4M New | 0.063% 155.8K shares | 0 → 155.8K +$31.4M | New | $50.3B Large Cap | Q3 2025 Held for 2 months | |
REIT - Residential Real Estate | $30.1M 2.7% | +$257.5K Bought | 3.69% 934.8K shares | 926.8K → 934.8K +$257.5K | +0.86% | $817.2M Small Cap | Q3 2019 Held for 6y 2m | |
Advertising Agencies Communication Services | $27.3M 2.45% | +$27.3M Bought | 1.61% 2.7M shares | — | — | $1.7B Small Cap | Q3 2025 Held for 2 months | |
Software - Infrastructure Technology | $23.1M 2.08% | +$23.1M New | 1.89% 1.1M shares | 0 → 1.1M +$23.1M | New | $1.2B Small Cap | Q3 2025 Held for 2 months | |
Biotechnology Healthcare | $21.8M 1.96% | +$21.8M New | 1.77% 455.4K shares | 0 → 455.4K +$21.8M | New | $1.2B Small Cap | Q3 2025 Held for 2 months | |
Unknown Unknown | $18.1M 1.63% | +$1.8M Bought | — 4.9M shares | 4.4M → 4.9M +$1.8M | +11.18% | — — | Q4 2022 Held for 2y 11m | |
Travel Lodging Consumer Cyclical | $18.0M 1.62% | +$18.0M New | 1.04% 2.0M shares | 0 → 2.0M +$18.0M | New | $1.7B Small Cap | Q3 2025 Held for 2 months | |
Unknown Unknown | $17.9M 1.61% | +$12.1M Bought | — 2.8M shares | 918.0K → 2.8M +$12.1M | +206.96% | — — | Q4 2022 Held for 2y 11m | |
Financial - Mortgages Financial Services | $16.6M 1.49% | +$8.1M Bought | 1.34% 832.5K shares | 424.8K → 832.5K +$8.1M | +95.96% | $1.2B Small Cap | Q2 2025 Held for 5 months | |
Software - Application Technology | $15.0M 1.35% | +$15.0M New | 0.138% 217.8K shares | 0 → 217.8K +$15.0M | New | $10.9B Large Cap | Q3 2025 Held for 2 months | |
Independent Power Producers Utilities | $14.6M 1.31% | -$195.9K Sold | 0.022% 74.5K shares | 75.5K → 74.5K −$195.9K | -1.32% | $66.4B Large Cap | Q3 2019 Held for 6y 2m | |
Software - Application Technology | $13.8M 1.24% | +$13.8M New | 1.07% 1.8M shares | 0 → 1.8M +$13.8M | New | $1.3B Small Cap | Q3 2025 Held for 2 months | |
Apparel - Manufacturers Consumer Cyclical | $13.2M 1.18% | +$13.2M Bought | 0.564% 2.0M shares | — | — | $2.3B Mid Cap | Q3 2025 Held for 2 months | |
Oil & Gas Midstream Energy | $13.1M 1.17% | -$8.4M Sold | 0.022% 762.0K shares | 1.3M → 762.0K −$8.4M | -39.08% | $58.9B Large Cap | Q3 2019 Held for 6y 2m | |
Oil & Gas Exploration & Production Energy | $12.6M 1.13% | -$1.1M Sold | 0.754% 1.3M shares | 1.4M → 1.3M −$1.1M | -7.81% | $1.7B Small Cap | Q1 2024 Held for 1y 8m | |
Oil & Gas Equipment & Services Energy | $12.1M 1.09% | +$12.1M New | 0.986% 839.0K shares | 0 → 839.0K +$12.1M | New | $1.2B Small Cap | Q3 2025 Held for 2 months | |
Business Equipment & Supplies Industrials | $11.4M 1.03% | +$11.4M Bought | 0.58% 665.2K shares | — | — | $2.0B Small Cap | Q3 2025 Held for 2 months | |
Regulated Water Utilities | $11.1M 0.996% | +$11.1M New | 1.37% 449.9K shares | 0 → 449.9K +$11.1M | New | $807.3M Small Cap | Q3 2025 Held for 2 months | |
REIT - Retail Real Estate | $10.7M 0.965% | — | 1.72% 875.3K shares | — | — | $626.5M Small Cap | Q3 2021 Held for 4y 2m | |
Packaged Foods Consumer Defensive | $10.7M 0.96% | -$25.5M Sold | 0.037% 130.3K shares | 441.3K → 130.3K −$25.5M | -70.47% | $28.5B Large Cap | Q3 2024 Held for 1y 2m | |
Software - Application Technology | $10.6M 0.953% | +$10.6M New | 0.721% 532.4K shares | 0 → 532.4K +$10.6M | New | $1.5B Small Cap | Q3 2025 Held for 2 months | |
Communication Equipment Technology | $10.5M 0.944% | -$3.6M Sold | 2.68% 396.6K shares | 534.3K → 396.6K −$3.6M | -25.77% | $392.1M Small Cap | Q4 2021 Held for 3y 11m | |
Software - Application Technology | $10.3M 0.927% | +$10.3M New | 0.934% 450.6K shares | 0 → 450.6K +$10.3M | New | $1.1B Small Cap | Q3 2025 Held for 2 months | |
Apparel - Retail Consumer Cyclical | $7.2M 0.647% | — | 0.331% 265.5K shares | — | — | $2.2B Mid Cap | Q2 2025 Held for 5 months | |
Apparel - Retail Consumer Cyclical | $7.0M 0.625% | +$7.0M New | 0.8% 416.5K shares | 0 → 416.5K +$7.0M | New | $870.3M Small Cap | Q3 2025 Held for 2 months | |
Medical - Instruments & Supplies Healthcare | $6.3M 0.564% | +$6.3M New | 0.473% 233.5K shares | 0 → 233.5K +$6.3M | New | $1.3B Small Cap | Q3 2025 Held for 2 months | |
Packaging & Containers Consumer Cyclical | $6.0M 0.54% | +$3.4M Bought | 0.117% 245.6K shares | 105.6K → 245.6K +$3.4M | +132.55% | $5.1B Mid Cap | Q1 2025 Held for 8 months | |
Oil & Gas Midstream Energy | $6.0M 0.539% | -$5.0M Sold | 0.017% 35.8K shares | 65.8K → 35.8K −$5.0M | -45.59% | $36.1B Large Cap | Q3 2019 Held for 6y 2m | |
REIT - Office Real Estate | $5.3M 0.478% | +$5.3M Bought | 1.89% 764.1K shares | — | — | $280.9M Micro Cap | Q3 2025 Held for 2 months | |
REIT - Office Real Estate | $5.3M 0.477% | +$5.3M New | 0.368% 812.6K shares | 0 → 812.6K +$5.3M | New | $1.4B Small Cap | Q3 2025 Held for 2 months | |
Oil & Gas Refining & Marketing Energy | $5.0M 0.446% | — | 0.009% 36.5K shares | — | — | $55.0B Large Cap | Q1 2025 Held for 8 months | |
REIT - Office Real Estate | $4.7M 0.419% | — | 0.033% 56.0K shares | — | — | $14.2B Large Cap | Q2 2022 Held for 3y 5m | |
Regulated Electric Utilities | $4.2M 0.381% | — | 0.353% 530.0K shares | — | — | $1.2B Small Cap | Q3 2019 Held for 6y 2m | |
Packaged Foods Consumer Defensive | $4.1M 0.373% | +$1.1M Bought | 0.051% 71.4K shares | 52.4K → 71.4K +$1.1M | +36.33% | $8.1B Mid Cap | Q1 2025 Held for 8 months | |
Railroads Industrials | $4.1M 0.367% | +$4.1M New | 0.006% 115.0K shares | 0 → 115.0K +$4.1M | New | $66.2B Large Cap | Q3 2025 Held for 2 months | |
Medical - Diagnostics & Research Healthcare | $3.7M 0.335% | -$995.5K Sold | 0.084% 237.3K shares | 300.6K → 237.3K −$995.5K | -21.05% | $4.5B Mid Cap | Q2 2025 Held for 5 months | |
REIT - Mortgage Real Estate | $3.4M 0.303% | — | 0.531% 873.0K shares | — | — | $635.9M Small Cap | Q1 2025 Held for 8 months | |
Diversified Utilities Utilities | $3.2M 0.289% | +$631.7K Bought | 0.084% 48.5K shares | 39.0K → 48.5K +$631.7K | +24.4% | $3.9B Mid Cap | Q2 2025 Held for 5 months | |
Leisure Consumer Cyclical | $3.2M 0.286% | -$965.6K Sold | 0.118% 95.9K shares | 125.0K → 95.9K −$965.6K | -23.28% | $2.7B Mid Cap | Q2 2025 Held for 5 months | |
Packaging & Containers Consumer Cyclical | $3.1M 0.28% | -$224.1K Sold | 0.013% 67.2K shares | 72.0K → 67.2K −$224.1K | -6.71% | $24.5B Large Cap | Q2 2025 Held for 5 months |
