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HCMT
Highland Capital Management (Texas) Portfolio holdings
AUM
$39M
This Fund
S&P 500
This Quarter
Est. Return
+4.58%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.27B
AUM Growth
-$79.4M
(-3.4%)
Cap. Flow
-$111M
Cap. Flow
% of AUM
-4.88%
Top 10 Holdings %
Top 10 Hldgs %
39.64%
Holding
377
New
89
Increased
64
Reduced
89
Closed
79
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PTLA
Portola Pharmaceuticals, Inc.
PTLA
|
+$22.4M |
| 2 |
Fortinet
FTNT
|
+$17.9M |
| 3 |
PDCO
Patterson Companies, Inc.
PDCO
|
+$11.8M |
| 4 |
CIT
CIT Group Inc.
CIT
|
+$8.94M |
| 5 |
NextDecade
NEXT
|
+$8.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$191M |
| 2 |
American Airlines Group
AAL
|
+$97.7M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$70.5M |
| 4 |
Citigroup
C
|
+$46.4M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$20.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.93% |
| 2 | Utilities | 12.93% |
| 3 | Energy | 12.43% |
| 4 | Healthcare | 9.91% |
| 5 | Financials | 7.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Vistra
VST
$50B
| $283M | 12.49% |
15,163,665
-174,575
| -1% | -$3.01M |
|
|
LORL
2
DELISTED
Loral Space and Communications, Inc.
LORL
| $102M | 4.5% |
2,062,358
| – | – |
|
|
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| $100M | 4.43% |
+400,000
| New | +$98.6M |
|
|
TWTR
4
DELISTED
Twitter, Inc.
TWTR
| $94.3M | 4.16% |
5,591,708
-139,400
| -2% | -$2.43M |
|
|
5
CALL
Citigroup
C
$222B
| $84.7M | 3.74% |
+1,165,000
| New | +$79.5M |
|
|
6
CALL
American Airlines Group
AAL
$10.1B
| $71.2M | 3.14% |
+1,500,000
| New | +$72.6M |
|
|
7
Fortinet
FTNT
$119B
| $47.2M | 2.08% |
6,587,525
+2,359,500
| +56% | +$17.9M |
|
|
NXRT
8
NexPoint Residential Trust
NXRT
$666M
| $41.2M | 1.82% |
1,736,625
-276,837
| -14% | -$6.67M |
|
9
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$41.4B
| $37.4M | 1.65% |
+300,000
| New | +$37.7M |
|
|
PDCO
10
DELISTED
Patterson Companies, Inc.
PDCO
| $37.1M | 1.64% |
960,710
+296,310
| +45% | +$11.8M |
|
|
ARCH
11
DELISTED
Arch Resources, Inc.
ARCH
| $33.9M | 1.5% |
473,119
-123,199
| -21% | -$9.22M |
|
12
Independence Realty Trust
IRT
$3.92B
| $33.2M | 1.47% |
3,269,237
-96,800
| -3% | -$979K |
|
|
SRC
13
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $25.9M | 1.14% |
674,684
+26,603
| +4% | +$982K |
|
14
Heron Therapeutics
HRTX
$93.9M
| $24.2M | 1.07% |
1,501,177
-110,925
| -7% | -$1.74M |
|
|
CIT
15
DELISTED
CIT Group Inc.
CIT
| $24M | 1.06% |
489,028
+190,300
| +64% | +$8.94M |
|
16
PUT
iShares Biotechnology ETF
IBB
$9.34B
| $23.4M | 1.03% |
+210,000
| New | +$22.4M |
|
17
Energy Transfer Partners
ET
$70.1B
| $23.3M | 1.03% |
1,338,085
+35,924
| +3% | +$628K |
|
18
Visa
V
$684B
| $23.2M | 1.02% |
220,084
-78,000
| -26% | -$7.91M |
|
19
Enterprise Products Partners
EPD
$82.3B
| $22.3M | 0.99% |
857,113
-23,973
| -3% | -$634K |
|
20
Williams Companies
WMB
$87.5B
| $22.3M | 0.98% |
742,419
-35,349
| -5% | -$1.08M |
|
|
PTLA
21
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $21.7M | 0.96% |
402,123
+382,123
| +1,911% | +$22.4M |
|
|
NXDT
22
NexPoint Diversified Real Estate Trust
NXDT
$234M
| $21.6M | 0.95% |
936,925
-162,445
| -15% | -$3.62M |
|
|
CDK
23
DELISTED
CDK Global, Inc.
CDK
| $21.5M | 0.95% |
341,476
-6,000
| -2% | -$378K |
|
24
Targa Resources
TRGP
$58B
| $21.5M | 0.95% |
455,326
+30,722
| +7% | +$1.4M |
|
|
25
NextDecade
NEXT
$1.79B
| $21.3M | 0.94% |
2,106,655
+820,155
| +64% | +$8.03M |
|
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Highland Capital Management (Texas)'s Q3 2017 Portfolio in Review
As of Q3 2017, Highland Capital Management (Texas) held 377 positions worth $2.27B, down 3.4% from $2.35B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Highland Capital Management (Texas) withdrew a net $111M in Q3 2017, closing 79 positions and reducing 89 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $191M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 9.8% a quarter earlier, followed by Utilities and Energy.
Against the trend, Highland Capital Management (Texas) opened a new position in C&J Energy Services, Inc. worth $7.38M.
- Highland Capital Management (Texas)'s largest Q3 2017 buy was C&J Energy Services, Inc.: 246,300 shares worth $7.38M.
- Highland Capital Management (Texas) added most to Portola Pharmaceuticals, Inc. in Q3 2017, an estimated $22.4M increase.
- Highland Capital Management (Texas)'s biggest Q3 2017 reduction was American Airlines Group, cutting an estimated $97.7M.
- Highland Capital Management (Texas) fully exited State Street SPDR S&P 500 ETF Trust in Q3 2017, selling an estimated $191M.
- Highland Capital Management (Texas)'s ten largest holdings make up 40% of its $2.27B portfolio in Q3 2017.
- Highland Capital Management (Texas) opened 89 new positions and closed 79 in Q3 2017.
- Highland Capital Management (Texas)'s portfolio value fell 3.4% quarter-over-quarter to $2.27B.
Based on Highland Capital Management (Texas)'s 13F filing for Q3 2017, filed 14 Nov 2017.