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Dondero’s Top Ten Holdings


James Dondero’s Highland Capital Management filed its 13F in 2016. A hedge fund portfolio. The Hedge Fund portfolio was $3.42bn. This represented a decrease of 1.49bn. This represents around 22.73%of the assets under management. This doesn’t account for short exposure or net exposure.

New positions included Spdr S&P 500 ETC Tr for $67.07 million, Amazon for $23.35 million, Eagle Pharmaceuticals for $17.73 million, Danaher Corp Del for $17.24 million and Intra Cellular Therapies Inc for $15.90 million.

Regarding sector Allocation, Jim had 20% in Healtcare, 18% in Information Technology, 18% in Finance, 12% in Energy and 10% Consumer Discretionary. James Dondero is the Co- Founder and President of the Company. Reduced positions included Ishares (52%), American Airlines (56%), American Express, and NRG. Dondero is a CFA and CMA and has years of credit market experience, especially regarding high yield debt. He has been a pioneer in the Credit Loan Obligation (CLO) market and has also worked on REITs.

Jim is active philanthropically and supports initiatives in public policy, education and veterans affairs. He Founded Highland Capital in 1993. He is also the Chairman of Cornerstone Healthcare, CCS Medical and Nexbank. Jim Dondero is on the board of American banknote and MGM. Highland capital is interested in developing credit oriented solutions.

Jim Dondero is knowledgable about the credit markets and has been involved long term with Highland Capital. He recently made the quarterly 13F filing. He recently acquired large positions in Salesforce and Burlington Shares. Building positions gradually is normally for many money managers.

It is interesting to see whether value or momentum has been a motivation for Dondero selling out of positions. Highland Capital believes in a lift of the IT sector. Top Q13 positions were Spdr S&P 500 Etf Tr (Call) (SPY) Amazon Com Inc, Eagle Pharmaceuticals Inc, Danaher Corp Del, Intra Cellular Therapies Inc.

Read the original OctaFinance article here.

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