Highland Capital Management’s Third Quarter Makes Gains and Takes Hits

Highland Capital Management’s portfolio has decreased from $4.19 billion to $3.43 billion according to the third quarter 2015 report. The Dallas-based company bought 69 new stocks and the market change dropped -30.81%. Despite the loss, Highland Capital was able to build the value of some of its recently acquired stocks. Highland also dumped several stocks including Envisions Healthcare Hldngs In (EHHI), McKesson Corp (MKC) and Laboratory Corp Amer Hldings (LCAH) to solidify its marketing position.

James “Jim” Dondero is the CEO and founder of Highland Capital Management. The hedge fund professional brings over 30 years of financial experience in equity markets. Dondero is considered one of the pioneers in the credit market with his development of Collateralized Loan Obligation (CLO) and other credit solutions. Throughout his career, Dondero has won numerous awards for financial excellence in equity funds management.

After graduating from the University of Virginia with a marketing degree, Jim went to work in the Morgan Guaranty training program followed by a short stint at Protective Life. He also worked at AUM and American Express before creating Highland Capital in 1993. Dondero currently serves as board chairman of Nexbank (NXB)and sits on the board of directors of MGM and Cornerstone Healthcare.

Highland Capital Management’s information technology sector has seen gains from 16% to 18%. The health and finance sectors were slashed by nearly 20% to concentrate on technology. Third quarter reports of 2015 show that American Arlns Group (AAG), Salesforce Com Inc (CRM) and Ishares tr (PUT) (TWM) proved to hold the reigning spots in Highland Capital’s portfolio. Although many of Highland Capital’s less profitable stocks were sold out completely, a strong list of stocks rose to the top ten ranking. A complete listing of Highland Capital’s holdings can be researched at the Texas hedge fund website.

This article was recapped from: http://www.octafinance.com/top-10-highland-capital-management-positions-in-q3-2015/323054/

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