The World of Jim Dondero

The quarterly 13F revealed James Dondero’s hedge fund, Highland Capital Management Lp currently has a portfolio worth $3.42 billion. Looking closer at the new positions implemented by Highland Capital this quarter, it reveals that Jim Dondero’s hedge fund purchased sixty nine new stocks. The largest stocks bought appear to be Spdr S&P 500 Etf Tr (Call) (SPY), which was obtained for 67.07 million, followed by Amazon Com Inc. (AMZN), costing $23.35 million. Rounding out the top three is Eagle Pharmaceuticals Inc (EGRX), picked up for $17.73 million. Still in the top five purchases are Danaher Corp Del (DHR), acquired for $17.73 million, and finally for $15.90 million, the hedge fund bought Intra Cellular Therapies Inc (ITCI).

In addition the 13F filing showed that Highland Capital Management Lp increased stakes in American Airls Group Inc (Call) (AAL) from 60% to $204.25 million, their largest increase. Jim Dondero’s hedge fund also raised stakes in Patterson Companies Inc(PDCO) 16% to $87.91 million. Kinder Morgan Dell grew to $5.38 million from 173%, then Corning Inc (GLW) which went from eighteen percent to $54.86 million. Salasforce Com Inc (Call) (CRM) was raised from eighteen percent to $54.85 million.

Smaller stakes raised by the hedge fund include Salesforce Com Inc (CRM) with 213.34% to $145.22 million, Burlington Stores Inc by 10.10% to $35.57 million, and finally Ldr Hldg Corp by 68.98% to $37.95 million.

Highland Capital Management LP has sold stakes it previously held in Spdr Series Trust (Put) (XBI), Nexpoint Cr Strategies Fd (NHF), Mckesson Corp (MCK), Envision Healthcare Hldgs In (EVHC) and finally, Laboratory Corp Amer Hldgs (LH). Said securities accounted for 5.63%, 0.18%, 0.56%, 0.47% and 0.43% of the hedge fund’s portfolio. Also shown is that the hedge fund reduced positions in Ishares Tr (Put) (IWM) which decreased -52.055%, American Airls Group Inc (AAL) fell -56.11%, American Express Co (Call) (AXP) dropped -17.54%, Anadarko Pete Corp (APC) ended up at -76.75% and Nrg Energy Inc (NRG) was slashed by -20.76%.

James Dondero is the president, co-founder, and Portfolio Manager at Highland Capital Management Lp. There, Mr. Dondero manages private equity, and ensures the particulars of the hedge fund’s operational and investment initiatives.

Furthermore, he is a man with a diversity of experience in credit markets. Jim Dondero hasĀ been the CEO and president of Highland Institutional Floating Rate Income Fund since 2004, in addition to serving as its managing partner.

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