James Dondero’s Hedge Fund value goes down $1.49 billion this quarter

Highland Capital Management Lp is a Texas-based hedge fund that was founded by James “Jim” Dondero, who is also its president. As of October 2014, the fund had over $15 billion assets, and a portfolio value of $3.42, but as of its last quarterly 13F, which came out in the beginning of March, the fund’s value went down by $1.49 billion from the quarter before that.

This report filing represents almost 23 percent of Highland Capital Management’s assets listed in the US. At last count, the fund has 105 employees, and around 100c clients. Jim Dondero managed to work himself up from being a credit investor for the fund in the 80s to now being its president.

During this reported quarter, Highland Capital Management Lp reported several new positions, including Spdr S&P 500 Etf Tr, along with Amazon Com, Inc., as well as Eagle Pharmaceuticals, Inc., and Danaher Corp Del along with Intra Cellular Therapies, Inc.). The fund also purchased sixty-new new stocks.

When it comes to the 13F sector allocation results, it included healthcare, information technology, finance, energy, and consumer discretionary. Plus, the fund raised stakes by more than $204 million in the American Airls Group, Inc., which is a rise of 60 percent. They also raised Patterson Companies, Inc. to almost $88 million, which was an increase of 16 percent; and raised Kinder Morgon, Inc. Del a little over $5 million, which was a whopping increase of 173 percent.

Corning, Inc. went up 18 percent to over $54 million, while Salesforce Com, Inc. rose 18 percent to over $55 million. The fund also bought stakes in Salesforce Com, Inc. at the cost of over $145 million, a rise of over 200 percent, as well as Burlington Stores, Inc. at a cost rise of over 10 percent to a little over $37 million, as well as Ldr Hldg Corp at a cost of nearly $38 million, a rise of over 68 percent.

It is considered to be normal to gradually build a position, according to most investment managers. And Jim Dondero should know well how to do this! James graduated with the top honors from the University of Virginia, as well as going to the McIntire School of Commerce, which he graduated from with two majors: Accounting and Finance.

Along with that, James Dondero is a Certified Public Accountant, a Certified Management Accountant and a Chartered Financial Analyst. Prior to being involved with Highland Capital Management, Dondero was a Chief Investment Officer, and he has also been a Corporate Bond Analyst. The info in this article first appeared at http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/

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