In a recent article by Octafinance, Highland Capital Management recently filed their 13F which saw them purchase several new companies over the year. Some of these companies are Spdr S&P 500 Etf Tr (Call) (SPY), Eagle Pharmaceuticals Inc (EGRX), Amazon Com Inc, Danaher Corp Del (DHR) as well as Intra Cellular Therapies Inc (ITCI). In total the hedge fund purchased a total of 69 new stocks but these 5 provided above were the biggest positions. There were a number of already existing stocks that had increased their positions significantly. These were American Airls Group Inc (Call) (AAL) which increased by 60 percent to $204.25 million, Kinder Morgan Inc Del also increased by 173 percent to $5.38 million, Patterson Companies Inc (PDCO) increased by 16 percent to $87.91 million, Salesforce Com Inc (Call) (CRM) increased by 18 percent to $54.85 million and Corning Inc (GLW) increased by 18 percent to $54.86 million. Some smaller stocks were also purchased these included Burlington Stores Inc (BURL) increased by 10.10 percent to $35.57 million, Salesforce Com Inc (CRM) increased by 213.34 percent to $145.22 million and lastly Ldr Hldg Corp (LDRH) increased by 68.98 percent to $37.95 million.
The Highland Capital Management firm also sold off some stocks. These stocks were Nexpoint Cr Strategies Fd (NHF), Spdr Series Trust (Put) (XBI), Envision Healthcare Hldgs In (EVHC), Mckesson Corp (MCK) and Laboratory Corp Amer Hldgs (LH). There is only reason for speculation as to why these stocks were sold but it might have to do with there being a better place for Highland Capital Management to invest, the value of the stock or th momentum of the stock itself. There were also some reduced positions with regards to shares being slashed. These were American Airls Group Inc (AAL) decreased by -56.11 percent, Ishares Tr (Put) (IWM) decreased by -52.05 percent, American Express Co (Call) (AXP) decreased by -17.54 percent, Nrg Energy Inc (NRG)decreased by -20.76 percent and Anadarko Pete Corp (APC) decreased by -76.75 percent.
James Dondero or Jim as people know him is the co-founder and CEO of Highland Capital Management. He brings decades of experience and knowledge to the table and has worked in this industry prior to him starting at HCM. Jim is also involved in many philanthropic project endeavors.