The University of Virginia struck gold when James Dondero entered through its gates, a student who would later leave with possibly the highest honors that the institution had to offer. Already holding the CMA, CFA and CPA certification, James Dondero, or Jim as some would call him, is the proud President of Highland Capital Management, the investment firm which he had the pleasure to father as well.
With a man like James Dondero sitting on the highest throne of the firm, the Highland Capital Management faces expectations of the highest ranking. Dondero’s history threads through the Morgan Guaranty, which was the very beginning of his business career (1984), followed by American Express where he worked as the Portfolio Manager. James also served as an Analyst of the Corporate Bonds before creating GIC Protective Life, and finally coming to a rest at the Highland Capital Management.
The firm has recently hit the news with the announcement of its holdings. The assets held by the firm amount to $15.04 billion, with 69 new and 62 additional purchases, the top 5 of which sports names like AMZN, SPY, ITCI, DHR and Eagle Pharmaceuticals, each of which has sparkling figures to flaunt. The firm also made advancements in the American Airls Group Inc, where it increased its stakes by about 60%. This was followed by an increase in stakes in various other companies, with the Kinder Morgan standing out at a figure of 173%.
Possibly in anticipation of better values, the Highland Capital Management reported that it had sold the stakes in six organizations, including those of the Spdr Trust, NHF, Envision Healthcare, MCK and Laboratory Corp. Combined to this, it also dialed down its stakes in Ishares, AAL, AXP, Anadarko Pete Corp and NRG Energy by -52%, -56%, -17.5%, -76.7% and -20.76% respectively.
At the end of the day, the top 3 holdings constituted of the American Airls Group, Ishares Tr, and Salesforce Com, making up 13.59% of the securities for this quarter.
James Dondero made some bold advancement in the allocation of the sectors. About 20% has gone to health, 18% to finance and technology separately, 12% to the energy and finally 10% to the consumer discretionary.
A detailed account of the holdings of Highland Capital Management can be found at http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/