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HCMT
Highland Capital Management (Texas) Portfolio holdings
AUM
$39M
This Fund
S&P 500
This Quarter
Est. Return
-12.51%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.3B
AUM Growth
-$509M
(-28%)
Cap. Flow
-$268M
Cap. Flow
% of AUM
-20.54%
Top 10 Holdings %
Top 10 Hldgs %
47.69%
Holding
394
New
79
Increased
50
Reduced
76
Closed
129
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHR.PRB
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
|
+$26.1M |
| 2 |
NXDT
NexPoint Diversified Real Estate Trust
NXDT
|
+$18.1M |
| 3 |
Fortinet
FTNT
|
+$9.03M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$8.65M |
| 5 |
Surgery Partners
SGRY
|
+$8.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XPO
XPO
|
+$24.2M |
| 2 |
Apple
AAPL
|
+$14.4M |
| 3 |
ANDV
Andeavor
ANDV
|
+$13.5M |
| 4 |
Microsoft
MSFT
|
+$12.8M |
| 5 |
Bio-Rad Laboratories Class A
BIO
|
+$11.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.24% |
| 2 | Utilities | 16.43% |
| 3 | Energy | 13.67% |
| 4 | Healthcare | 10% |
| 5 | Real Estate | 9.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Vistra
VST
$50B
| $203M | 15.56% |
8,862,552
-203,950
| -2% | -$4.81M |
|
|
NXRT
2
NexPoint Residential Trust
NXRT
$666M
| $79.2M | 6.07% |
2,094,163
+33,905
| +2% | +$1.18M |
|
|
LORL
3
DELISTED
Loral Space and Communications, Inc.
LORL
| $76.9M | 5.9% |
2,065,258
+49,491
| +2% | +$2.13M |
|
|
NXDT
4
NexPoint Diversified Real Estate Trust
NXDT
$234M
| $60.8M | 4.66% |
2,688,650
+842,564
| +46% | +$18.1M |
|
|
AVYA
5
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $50.9M | 3.91% |
3,497,153
+255,658
| +8% | +$4.34M |
|
|
ARCH
6
DELISTED
Arch Resources, Inc.
ARCH
| $33.6M | 2.58% |
410,624
| – | – |
|
|
PTLA
7
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $30.9M | 2.37% |
1,582,129
+407,574
| +35% | +$8.38M |
|
8
Intel
INTC
$455B
| $30.8M | 2.36% |
656,650
+8,400
| +1% | +$393K |
|
9
Energy Transfer Partners
ET
$70.1B
| $28.2M | 2.17% |
2,137,964
-3,137
| -0.1% | -$47.6K |
|
10
Heron Therapeutics
HRTX
$93.9M
| $27.5M | 2.11% |
1,059,792
+214,750
| +25% | +$5.9M |
|
|
BHR.PRB
11
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$52.7M
| $26M | 2% |
+1,500,000
| New | +$26.1M |
|
12
Williams Companies
WMB
$87.5B
| $17.2M | 1.32% |
779,976
-39,783
| -5% | -$995K |
|
13
Enterprise Products Partners
EPD
$82.3B
| $15.9M | 1.22% |
645,131
-5,235
| -0.8% | -$140K |
|
14
MPLX
MPLX
$59.3B
| $13.9M | 1.07% |
460,154
-2,609
| -0.6% | -$87.1K |
|
|
AERI
15
DELISTED
Aerie Pharmaceuticals
AERI
| $12.6M | 0.96% |
347,691
+166,700
| +92% | +$7.82M |
|
|
PRTK
16
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $12.3M | 0.94% |
2,391,993
-262,435
| -10% | -$1.99M |
|
|
BMCH
17
DELISTED
BMC Stock Holdings, Inc
BMCH
| $12.1M | 0.92% |
778,743
| – | – |
|
18
NextDecade
NEXT
$1.79B
| $11.3M | 0.87% |
2,089,555
| – | – |
|
|
19
Fortinet
FTNT
$119B
| $10.9M | 0.84% |
775,125
+593,000
| +326% | +$9.03M |
|
|
CDK
20
DELISTED
CDK Global, Inc.
CDK
| $10.7M | 0.82% |
223,383
+357
| +0.2% | +$18.8K |
|
|
21
Surgery Partners
SGRY
$2.01B
| $10.5M | 0.8% |
1,068,400
+636,400
| +147% | +$8.54M |
|
22
Visa
V
$684B
| $9.9M | 0.76% |
75,000
-81,584
| -52% | -$11.3M |
|
23
Western Midstream Partners
WES
$19.2B
| $9.87M | 0.76% |
355,913
-477
| -0.1% | -$14.3K |
|
24
CME Group
CME
$96.3B
| $9.41M | 0.72% |
50,000
+900
| +2% | +$166K |
|
|
SRC
25
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $9.17M | 0.7% |
260,136
-104,801
| -29% | -$4.04M |
|
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Highland Capital Management (Texas)'s Q4 2018 Portfolio in Review
As of Q4 2018, Highland Capital Management (Texas) held 394 positions worth $1.3B, down 28% from $1.81B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Highland Capital Management (Texas) withdrew a net $268M in Q4 2018, closing 129 positions and reducing 76 holdings. Its most notable exit was XPO, an estimated $24.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 21% a quarter earlier, followed by Utilities and Energy.
Against the trend, Highland Capital Management (Texas) opened a new position in Braemar Hotels & Resorts 5.50% Series B Preferred Stock worth $26M.
- Highland Capital Management (Texas)'s largest Q4 2018 buy was Braemar Hotels & Resorts 5.50% Series B Preferred Stock: 1,500,000 shares worth $26M.
- Highland Capital Management (Texas) added most to NexPoint Diversified Real Estate Trust in Q4 2018, an estimated $18.1M increase.
- Highland Capital Management (Texas)'s biggest Q4 2018 reduction was Apple, cutting an estimated $14.4M.
- Highland Capital Management (Texas) fully exited XPO in Q4 2018, selling an estimated $24.2M.
- Highland Capital Management (Texas)'s ten largest holdings make up 48% of its $1.3B portfolio in Q4 2018.
- Highland Capital Management (Texas) opened 79 new positions and closed 129 in Q4 2018.
- Highland Capital Management (Texas)'s portfolio value fell 28% quarter-over-quarter to $1.3B.
Based on Highland Capital Management (Texas)'s 13F filing for Q4 2018, filed 13 Feb 2019.