NEXPOINT ASSET MANAGEMENT, L.P. — 13F Holdings & Portfolio
CIK 1469877 · latest 13F-HR filed 2026-08-14
NEXPOINT ASSET MANAGEMENT, L.P. manages $1.50B in 13F-reported U.S. long-equity assets across 107 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NREF (5.91%), NUVL (4.94%), GBTG (4.94%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 28 new positions and exited 42; 21 existing positions rose in reported value and 13 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$1.50B
Long-equity book
Holdings
107
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+28 / −42 / ↑21 / ↓13
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26NREF9.8% · 0%NUVL5.1% · newGBTG5.1% · newTMHC5.0% · newWTRG4.6% · newCOR4.4% · newJHG4.4% · newEA4.2% · +2%SILA4.0% · newWSR3.9% · +248%AVNS3.6% · newWBD3.4% · +122%CPRX3.4% · newGTLS3.1% · +19%TXNM3.1% · +50%OGN2.7% · newROKU2.7% · newAPGE2.7% · newBHF2.5% · +1%FRMI2.4% · +203%TALK2.4% · +128%HFRO2.2% · +11%NXDT1.9% · +2%NXRT1.7% · 0%CCO1.7% · +14%TSAT1.3% · 0%ET1.0% · +12%GSAT0.8% · newESPR0.6% · newCCRN0.6% · newAPTV0.5% · newCEPU0.5% · 0%TALO0.4% · 0%STEL0.4% · newNRG0.4% · newBHRPB0.3% · 0%PRIM0.2% · newKYIV0.2% · -22%LION0.2% · -24%SHC0.2% · -40%AMRZ0.2% · +57%MIDD0.2% · -60%FLS0.2% · newREZI0.2% · +37%ONT0.1% · newRNA0.1% · 0%CRESY0.1% · 0%VRRM0.1% · newBILL0.1% · 0%MKC0.1% · newVISN0.1% · newRC0.1% · 0%PSN0.1% · 0%FISV0.1% · 0%SRG0.1% · 0%MMLP0.1% · 0%SUJA0.1% · newWHLRP0.1% · 0%LOMA0.0% · 0%ADBE0.0% · 0%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 50.4%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 31, 2026.
Assets Under Management
$2.76B
Discretionary
$2.76B
Employees
6
Accounts
5
Address
300 CRESCENT COURT
SUITE 700
DALLAS, TX 75201
SUITE 700
DALLAS, TX 75201
Phone
(214) 276-6300
Website
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| HIGHLAND CAPITAL MANAGEMENT SERVICES, INC. Control | LIMITED PARTNER since Feb 2009 | 75% or more | Domestic Entity |
| NORRIS, DUSTIN, DAVID Control | EXECUTIVE VICE PRESIDENT since Apr 2019 | Less than 5% | Individual |
| STRAND ADVISORS XVI, INC. Control | GENERAL PARTNER since Feb 2009 | Less than 5% | Domestic Entity |
| WATERHOUSE, FRANK, GEORGE Control | TREASURER since Jun 2012 | Less than 5% | Individual |
| Mabry, William, Murphy | ASSISTANT TREASURER since Apr 2021 | Less than 5% | Individual |
| OKADA FAMILY REVOCABLE TRUST | LIMITED PARTNER since Oct 2011 | 5–10% | Domestic Entity |
| Vitiello, Stephanie, Lynn | CHIEF COMPLIANCE OFFICER AND SECRETARY since Nov 2021 | Less than 5% | Individual |
| DONDERO, JAMES, DAVID Control Indirect owner via STRAND ADVISORS XVI, INC. | SHAREHOLDER since Dec 2000 | 75% or more | Individual |
| DONDERO, JAMES, DAVID Control Indirect owner via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC. | SHAREHOLDER since Dec 2000 | 75% or more | Individual |
| OKADA, MARK, KIYOSHI Control Indirect owner via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC. | SHAREHOLDER since Feb 2009 | 25–50% | Individual |
| OKADA, MARK, KIYOSHI Control Indirect owner via OKADA FAMILY REVOCABLE TRUST | TRUSTEE since Oct 2011 | General partner, trustee or manager | Individual |
| OKADA, PAMELA, JOY Control Indirect owner via OKADA FAMILY REVOCABLE TRUST | TRUSTEE since Oct 2011 | General partner, trustee or manager | Individual |
Ownership & leadership changes · 17 filings with changes since Jan 9, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 30, 2023 filing
- No longer listedIbrahim, Rahim · ASSISTANT SECRETARY · Less than 5% · listed since Nov 2021
Dec 8, 2021 filing
- No longer listedPOST, ROBERT, JASON · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2015
- AddedIbrahim, Rahim · ASSISTANT SECRETARY · Less than 5%
- ChangedVitiello, Stephanie, Lynn · title SECRETARY → CHIEF COMPLIANCE OFFICER AND SECRETARY
Sep 1, 2021 filing
- No longer listedMITTS, BRIAN, DALE · ASSISTANT TREASURER · Less than 5% · control person · listed since Feb 2021
- No longer listedWillmore, David, Ernest · SECRETARY · Less than 5% · control person · listed since Feb 2021
- AddedMabry, William, Murphy · ASSISTANT TREASURER · Less than 5%
- AddedVitiello, Stephanie, Lynn · SECRETARY · Less than 5%
Mar 31, 2021 filing
- ChangedDONDERO, JAMES, DAVID · indirect via STRAND ADVISORS XVI, INC.: title PRESIDENT/SHAREHOLDER → SHAREHOLDER
- ChangedDONDERO, JAMES, DAVID · indirect via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC.: title SHAREHOLDER/DIRECTOR → SHAREHOLDER
- ChangedOKADA, MARK, KIYOSHI · indirect via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC.: title SHAREHOLDER/DIRECTOR → SHAREHOLDER
Feb 23, 2021 filing
- No longer listedThedford, Lauren, Elizabeth · SECRETARY · Less than 5% · control person · listed since Apr 2019
- AddedWillmore, David, Ernest · SECRETARY · Less than 5% · control person
- Listed againMITTS, BRIAN, DALE · ASSISTANT TREASURER · Less than 5% · control person
Mar 27, 2020 filing
- No longer listedPARKER, LEE, BLACKWELL · EVP · Less than 5% · control person · listed since Oct 2017
- AddedThedford, Lauren, Elizabeth · SECRETARY · Less than 5% · control person
- ChangedNORRIS, DUSTIN, DAVID · title SECRETARY → EXECUTIVE VICE PRESIDENT
Mar 29, 2018 filing
- No longer listedMITTS, BRIAN, DALE · SECRETARY · Less than 5% · control person · listed since Dec 2015
- No longer listedROSS, JAMES, BRADLEY · PRESIDENT · Less than 5% · control person · listed since Jun 2012
- AddedPARKER, LEE, BLACKWELL · EVP · Less than 5% · control person
- ChangedNORRIS, DUSTIN, DAVID · title ASSISTANT SECRETARY → SECRETARY
Mar 30, 2017 filing
- ChangedDONDERO, JAMES, DAVID · indirect via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC.: title SHAREHOLDER → SHAREHOLDER/DIRECTOR
- ChangedOKADA, MARK, KIYOSHI · indirect via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC.: title SHAREHOLDER → SHAREHOLDER/DIRECTOR
Jun 28, 2016 filing
- Listed againROSS, JAMES, BRADLEY · PRESIDENT · Less than 5% · control person
Mar 29, 2016 filing
- No longer listedELLINGTON, SCOTT, BYRON · CHIEF LEGAL OFFICER · Less than 5% · control person · listed since Jan 2012
- No longer listedPOWELL, ETHAN, KENDALL · SECRETARY · Less than 5% · control person · listed since Aug 2012
- No longer listedROSS, JAMES, BRADLEY · PRESIDENT · Less than 5% · control person · listed since Jun 2012
- AddedNORRIS, DUSTIN, DAVID · ASSISTANT SECRETARY · Less than 5% · control person
- AddedOKADA, PAMELA, JOY · TRUSTEE · General partner, trustee or manager · indirect via OKADA FAMILY REVOCABLE TRUST · control person
- Listed againMITTS, BRIAN, DALE · SECRETARY · Less than 5% · control person
- ChangedOKADA, MARK, KIYOSHI · indirect via OKADA FAMILY REVOCABLE TRUST: ownership 75% or more → General partner, trustee or manager
Older changes (8 more filings)
Sep 21, 2015 filing
- No longer listedPOST, JASON · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2015
- AddedPOST, ROBERT, JASON · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedOKADA, MARK, KIYOSHI · indirect via OKADA FAMILY REVOCABLE TRUST: title SETTLOR → TRUSTEE
Sep 14, 2015 filing
- No longer listedSURGENT, THOMAS, JOSEPH · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2014
- AddedPOST, JASON · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 30, 2015 filing
- AddedOKADA FAMILY REVOCABLE TRUST · LIMITED PARTNER · 5–10%
- AddedOKADA, MARK, KIYOSHI · SETTLOR · 75% or more · indirect via OKADA FAMILY REVOCABLE TRUST · control person
Sep 17, 2014 filing
- No longer listedHEAD, ALAN, JEFFREY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2012
- Listed againSURGENT, THOMAS, JOSEPH · CHIEF COMPLIANCE OFFICER · Less than 5%
Oct 30, 2013 filing
- No longer listedMITTS, BRIAN, DALE · SECRETARY · Less than 5% · control person · listed since Oct 2012
- No longer listedSURGENT, THOMAS, JOSEPH · SECRETARY · Less than 5% · control person · listed since Oct 2011
- AddedMITTS, BRIAN, DALE · SECRETARY · Less than 5% · control person
- AddedPOWELL, ETHAN, KENDALL · SECRETARY · Less than 5% · control person
Jul 16, 2012 filing
- AddedROSS, JAMES, BRADLEY · PRESIDENT · Less than 5% · control person
Jun 8, 2012 filing
- No longer listedBOYCE, PATRICK, GLENN · TREASURER · Less than 5% · control person · listed since Feb 2009
- No longer listedDOUGHERTY, RAYMOND, JOSEPH · PRESIDENT · Less than 5% · control person · listed since Feb 2009
- AddedWATERHOUSE, FRANK, GEORGE · TREASURER · Less than 5% · control person
Jan 9, 2012 filing (earliest on record)
- ListedBOYCE, PATRICK, GLENN · TREASURER · Less than 5% · control person
- ListedDONDERO, JAMES, DAVID · PRESIDENT/SHAREHOLDER · 75% or more · indirect via STRAND ADVISORS XVI, INC. · control person
- ListedDONDERO, JAMES, DAVID · SHAREHOLDER · 75% or more · indirect via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC. · control person
- ListedDOUGHERTY, RAYMOND, JOSEPH · PRESIDENT · Less than 5% · control person
- ListedELLINGTON, SCOTT, BYRON · CHIEF LEGAL OFFICER · Less than 5% · control person
- ListedHEAD, ALAN, JEFFREY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedHIGHLAND CAPITAL MANAGEMENT SERVICES, INC. · LIMITED PARTNER · 75% or more · control person
- ListedOKADA, MARK, KIYOSHI · SHAREHOLDER · 25–50% · indirect via HIGHLAND CAPITAL MANAGEMENT SERVICES, INC. · control person
- ListedSTRAND ADVISORS XVI, INC. · GENERAL PARTNER · Less than 5% · control person
- ListedSURGENT, THOMAS, JOSEPH · SECRETARY · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- WHITESTONE REIT$43.7M +309.1%
- FERMI INC$28.5M +375.0%
- WARNER BROS DISCOVERY INC$27.6M +115.2%
- TALKSPACE INC$19.9M +129.2%
- NEXPOINT REAL ESTATE FIN INC$19.2M +15.1%
Top Trims
- MIDDLEBY CORP-$2.4M -48.5%
- TALOS ENERGY INC-$1.4M -18.1%
- SOTERA HEALTH CO-$1.1M -25.1%
- CENTRAL PUERTO S A-$1.0M -11.7%
- BRAEMAR HOTELS & RESORTS INC-$265.0K -5.4%
New Positions
- NUVALENT INC$76.3M
- GLOBAL BUSINESS TRAVEL GROUP$76.0M
- TAYLOR MORRISON HOME CORP$75.3M
- ESSENTIAL UTILS INC$68.2M
- TOPBUILD COR$65.8M
Exited Positions
- HOLOGIC INC$116.5M
- CLEARWATER ANALYTICS HLDGS I$94.7M
- SEALED AIR CORP NEW$83.8M
- ONESTREAM INC$80.6M
- AIR LEASE CORP$75.9M
NEXPOINT ASSET MANAGEMENT, L.P. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NEXPOINT REAL ESTATE FIN INC | NREF | 65342V101 | $88.5M | 5.91% | 5,710,780 | SH |
| 2 | NUVALENT INC | NUVL | 670703107 | $73.9M | 4.94% | 598,460 | SH |
| 3 | GLOBAL BUSINESS TRAVEL GROUP | GBTG | 37890B100 | $73.9M | 4.94% | 7,868,509 | SH |
| 4 | TAYLOR MORRISON HOME CORP | TMHC | 87724P106 | $73.7M | 4.92% | 1,027,020 | SH |
| 5 | ESSENTIAL UTILS INC | WTRG | 29670G102 | $66.4M | 4.44% | 1,733,287 | SH |
| 6 | JANUS HENDERSON GROUP PLC | JHG | G4474Y214 | $65.6M | 4.38% | 1,263,211 | SH |
| 7 | TOPBUILD COR | BLD | 89055F103 | $64.0M | 4.27% | 180,420 | SH |
| 8 | ELECTRONIC ARTS INC | EA | 285512109 | $60.7M | 4.05% | 295,822 | SH |
| 9 | SILA REALTY TRUST INC | SILA | 146280508 | $57.9M | 3.87% | 1,907,873 | SH |
| 10 | NEXPOINT REAL ESTATE FIN INC | NREF | 65342V101 | $57.8M | 3.86% | 3,728,855 | SH |
| 11 | WHITESTONE REIT | WSR | 966084204 | $55.4M | 3.70% | 2,919,805 | SH |
| 12 | AVANOS MED INC | AVNS | 05350V106 | $51.9M | 3.47% | 2,087,517 | SH |
| 13 | WARNER BROS DISCOVERY INC | WBD | 934423104 | $49.9M | 3.33% | 1,871,000 | SH |
| 14 | CATALYST PHARMACEUTICALS INC | CPRX | 14888U101 | $49.0M | 3.27% | 1,557,483 | SH |
| 15 | CHART INDS INC | GTLS | 16115Q308 | $44.4M | 2.96% | 212,377 | SH |
| 16 | TXNM ENERGY INC | TXNM | 69349H107 | $44.4M | 2.96% | 781,135 | SH |
| 17 | ROKU INC | ROKU | 77543R102 | $39.4M | 2.63% | 285,448 | SH |
| 18 | ORGANON & CO | OGN | 68622V106 | $39.0M | 2.60% | 2,876,900 | SH |
| 19 | APOGEE THERAPEUTICS INC | APGE | 03770N101 | $38.8M | 2.59% | 292,430 | SH |
| 20 | FERMI INC | FRMI | 314911108 | $36.1M | 2.41% | 3,941,477 | SH |
| 21 | BRIGHTHOUSE FINL INC | BHF | 10922N103 | $35.5M | 2.37% | 561,387 | SH |
| 22 | TALKSPACE INC | TALK | 87427V103 | $33.3M | 2.22% | 6,403,480 | SH |
| 23 | CLEAR CHANNEL OUTDOOR HLDGS | CCO | 18453H106 | $24.3M | 1.63% | 10,055,820 | SH |
| 24 | HIGHLAND OPPS & INCOME FD | HFRO | 43010E404 | $22.2M | 1.48% | 3,115,253 | SH |
| 25 | TELESAT CORP | TSAT | 879512309 | $17.7M | 1.18% | 349,523 | SH |
| 26 | NEXPOINT RESIDENTIAL TR INC | NXRT | 65341D102 | $14.3M | 0.95% | 510,802 | SH |
| 27 | ENERGY TRANSFER L P | ET | 29273V100 | $13.6M | 0.91% | 713,690 | SH |
| 28 | NEXPOINT DIVERSIFIED REL ET | NXDT | 65340G205 | $13.0M | 0.87% | 2,497,474 | SH |
| 29 | NEXPOINT DIVERSIFIED REL ET | NXDT | 65340G205 | $12.1M | 0.81% | 2,333,268 | SH |
| 30 | GLOBALSTAR INC | GSAT | 378973507 | $11.5M | 0.77% | 141,600 | SH |
| 31 | HIGHLAND OPPS & INCOME FD | HFRO | 43010E404 | $10.6M | 0.71% | 1,484,042 | SH |
| 32 | NEXPOINT RESIDENTIAL TR INC | NXRT | 65341D102 | $10.2M | 0.68% | 363,719 | SH |
| 33 | ESPERION THERAPEUTICS INC NE | ESPR | 29664W105 | $8.4M | 0.56% | 2,672,710 | SH |
| 34 | APTIV PLC | APTV | G3265R107 | $8.0M | 0.54% | 130,805 | SH |
| 35 | CROSS CTRY HEALTHCARE INC | CCRN | 227483104 | $7.3M | 0.49% | 553,170 | SH |
| 36 | TALOS ENERGY INC | TALO | 87484T108 | $6.4M | 0.43% | 496,596 | SH |
| 37 | NRG ENERGY INC | NRG | 629377508 | $5.3M | 0.35% | 36,300 | SH |
| 38 | STELLAR BANCORP INC | STEL | 858927106 | $5.3M | 0.35% | 134,333 | SH |
| 39 | CENTRAL PUERTO S A | CEPU | 155038201 | $4.9M | 0.33% | 327,750 | SH |
| 40 | BRAEMAR HOTELS & RESORTS INC | BHRPB | 10482B200 | $4.7M | 0.31% | 339,774 | SH |
| 41 | PRIMORIS SVCS CORP | PRIM | 74164F103 | $3.7M | 0.25% | 37,025 | SH |
| 42 | KYIVSTAR GROUP LTD | KYIV | G5331N101 | $3.5M | 0.24% | 219,271 | SH |
| 43 | LIONSGATE STUDIOS CORP | LION | 53626N102 | $3.5M | 0.23% | 227,768 | SH |
| 44 | SOTERA HEALTH CO | SHC | 83601L102 | $3.4M | 0.23% | 190,916 | SH |
| 45 | NEXPOINT DIVERSIFIED REL ET | NXDT | 65340G205 | $3.4M | 0.23% | 651,085 | SH |
| 46 | CENTRAL PUERTO S A | CEPU | 155038201 | $3.0M | 0.20% | 202,250 | SH |
| 47 | AMRIZE LTD | AMRZ | H2927K103 | $2.6M | 0.18% | 49,510 | SH |
| 48 | MIDDLEBY CORP | MIDD | 596278101 | $2.6M | 0.17% | 14,825 | SH |
| 49 | FLOWSERVE CORP | FLS | 34354P105 | $2.5M | 0.17% | 33,800 | SH |
| 50 | RESIDEO TECHNOLOGIES INC | REZI | 76118Y104 | $2.5M | 0.17% | 80,100 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $1.50B | 107 | 0001172661-26-003458 |
| 2026-03-31 | 2026-05-15 | $1.49B | 123 | 0001172661-26-002394 |
| 2025-12-31 | 2026-02-17 | $1.44B | 116 | 0001172661-26-001203 |
| 2025-09-30 | 2025-11-14 | $1.15B | 132 | 0001172661-25-005068 |
Filer Information
Address
300 CRESCENT COURTSUITE 700
DALLAS, TX 75201
Phone
(214) 276-6300
Filing Manager
NEXPOINT ASSET MANAGEMENT, L.P.
Dallas, TX
Signatory
Frank Waterhouse
Treasurer