HIGHLAND CAPITAL MANAGEMENT, LLC

CIK: 0000860486SEC EDGAR →

Portfolio Value

$2.0B

Holdings

407

As of

Q4 2025

New Positions

405

Closed Positions

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	MSFT MICROSOFT CORP	286,951	$138.8M	6.91%
2	AAPL APPLE INC	397,184	$108.0M	5.38%
3	AVGO BROADCOM INC	215,204	$74.5M	3.71%
4	NVDA NVIDIA CORP	348,803	$65.1M	3.24%
5	IVV CORE S&P 500	91,417	$62.6M	3.12%
6	GOOGL ALPHABET INC	180,169	$56.4M	2.81%
7	JPM JP MORGAN CHASE & CO	156,407	$50.4M	2.51%
8	AMZN AMAZON COM INCORPORATED	203,882	$47.1M	2.34%
9	MU MICRON TECHNOLOGY INC	142,467	$40.7M	2.02%
10	IWF RUSSELL 1000 GROWTH INDEX	74,911	$35.5M	1.77%

Quarterly Changes

Top Buys

MSFTNEW

$138.8M

AAPLNEW

$108.0M

AVGONEW

$74.5M

NVDANEW

$65.1M

IVVNEW

$62.6M

Top Sells

No sells this quarter

New Positions (407)

MSFT

$138.8M · 287K shares

AAPL

$108.0M · 397K shares

$74.5M · 215K shares

$65.1M · 349K shares

$62.6M · 91K shares

$56.4M · 180K shares

$50.4M · 156K shares

$47.1M · 204K shares

$40.7M · 142K shares

IWF

$35.5M · 75K shares

GOOG

$34.8M · 111K shares

COST

$34.3M · 40K shares

$33.5M · 38K shares

META

$29.8M · 45K shares

MRK

$27.5M · 261K shares

TRVC

$25.4M · 218K shares

$22.8M · 65K shares

$20.6M · 231K shares

$19.8M · 34K shares

$19.5M · 81K shares

$18.7M · 102K shares

$16.3M · 297K shares

$15.8M · 158K shares

$13.8M · 27K shares

$13.1M · 45K shares

$13.0M · 63K shares

$12.9M · 29K shares

$12.9M · 25K shares

$12.5M · 163K shares

$12.4M · 26K shares

$12.0M · 43K shares

$12.0M · 47K shares

$11.7M · 222K shares

$11.6M · 35K shares

$11.5M · 50K shares

$11.5M · 11K shares

$11.1M · 19K shares

$11.0M · 77K shares

PEP

$11.0M · 76K shares

WMT

$10.8M · 97K shares

AXP

$10.7M · 29K shares

$10.7M · 49K shares

VONV

$10.7M · 116K shares

VBR

$10.7M · 50K shares

$10.3M · 47K shares

$10.3M · 110K shares

$10.2M · 60K shares

$9.6M · 32K shares

$9.2M · 52K shares

$9.2M · 110K shares

$9.0M · 18K shares

$9.0M · 375K shares

$8.7M · 21K shares

$8.3M · 102K shares

$8.2M · 24K shares

$8.1M · 13K shares

$8.1M · 66K shares

$8.0M · 10K shares

$8.0M · 66K shares

$7.7M · 34K shares

$7.6M · 70K shares

$7.6M · 25K shares

$7.5M · 30K shares

$7.5M · 112K shares

$7.4M · 11K shares

$7.2M · 104K shares

$7.1M · 84K shares

$7.1M · 81K shares

$6.7M · 49K shares

$6.6M · 21K shares

$6.6M · 47K shares

$6.5M · 93K shares

$6.3M · 17K shares

$6.1M · 34K shares

$6.0M · 39K shares

$5.9M · 47K shares

$5.9M · 238K shares

$5.9M · 51K shares

$5.7M · 28K shares

$5.6M · 65K shares

$5.5M · 26K shares

$5.2M · 83K shares

$5.1M · 35K shares

$5.1M · 32K shares

$5.1M · 16K shares

$5.1M · 45K shares

$5.1M · 18K shares

NSC

$5.0M · 17K shares

COLB

$5.0M · 178K shares

$5.0M · 9K shares

$4.9M · 129K shares

$4.9M · 59K shares

$4.9M · 42K shares

$4.9M · 51K shares

$4.8M · 20K shares

$4.8M · 18K shares

$4.7M · 51K shares

$4.7M · 8K shares

$4.7M · 73K shares

$4.7M · 58K shares

$4.7M · 55K shares

$4.6M · 15K shares

$4.6M · 7K shares

$4.5M · 9K shares

$4.5M · 123K shares

$4.4M · 82K shares

$4.3M · 164K shares

$4.3M · 17K shares

$4.3M · 24K shares

$4.3M · 22K shares

$4.2M · 44K shares

$4.2M · 20K shares

$4.2M · 72K shares

VLO

$4.1M · 25K shares

$4.1M · 47K shares

$4.1M · 21K shares

$3.9M · 40K shares

$3.9M · 84K shares

$3.8M · 49K shares

$3.8M · 6K shares

$3.8M · 13K shares

$3.7M · 14K shares

BLDR

$3.6M · 35K shares

$3.6M · 14K shares

$3.4M · 27K shares

$3.4M · 18K shares

$3.3M · 35K shares

$3.3M · 92K shares

$3.3M · 41K shares

$3.3M · 13K shares

$3.3M · 13K shares

$3.2M · 24K shares

$3.2M · 10K shares

$3.2M · 72K shares

$3.1M · 3K shares

$3.1M · 12K shares

$3.1M · 57K shares

$3.0M · 30K shares

$3.0M · 24K shares

$3.0M · 52K shares

XLV

$2.9M · 19K shares

FFIV

$2.9M · 11K shares

BF/B

$2.9M · 109K shares

$2.8M · 8K shares

$2.8M · 64K shares

$2.8M · 59K shares

$2.8M · 37K shares

$2.6M · 9K shares

$2.6M · 7K shares

$2.6M · 76K shares

$2.6M · 7K shares

$2.6M · 15K shares

$2.5M · 20K shares

$2.5M · 89K shares

$2.5M · 15K shares

$2.4M · 95K shares

$2.4M · 44K shares

$2.4M · 8K shares

$2.4M · 13K shares

$2.3M · 7K shares

$2.3M · 11K shares

$2.2M · 17K shares

$2.1M · 73K shares

$2.1M · 5K shares

$2.1M · 27K shares

$2.1M · 15K shares

$2.1M · 8K shares

$2.1M · 15K shares

$2.1M · 7K shares

$1.9M · 21K shares

$1.9M · 74K shares

$1.9M · 6K shares

$1.9M · 15K shares

$1.9M · 11K shares

$1.9M · 68K shares

$1.8M · 14K shares

$1.8M · 21K shares

$1.8M · 25K shares

$1.8M · 13K shares

$1.8M · 5K shares

$1.8M · 41K shares

$1.8M · 34K shares

$1.8M · 14K shares

$1.8M · 6K shares

$1.8M · 12K shares

$1.8M · 17K shares

$1.7M · 8K shares

$1.7M · 12K shares

$1.7M · 15K shares

$1.7M · 44K shares

$1.7M · 4K shares

$1.7M · 32K shares

$1.7M · 15K shares

$1.6M · 18K shares

$1.6M · 2K shares

$1.6M · 26K shares

$1.6M · 12K shares

$1.6M · 7K shares

$1.6M · 42K shares

$1.6M · 22K shares

$1.6M · 14K shares

$1.5M · 10K shares

$1.5M · 24K shares

$1.5M · 23K shares

$1.5M · 22K shares

$1.5M · 9K shares

$1.5M · 8K shares

$1.4M · 10K shares

$1.4M · 14K shares

$1.4M · 13K shares

$1.4M · 26K shares

$1.4M · 14K shares

$1.4M · 16K shares

$1.4M · 4K shares

$1.3M · 51K shares

$1.3M · 5K shares

$1.3M · 29K shares

$1.3M · 23K shares

$1.2M · 7K shares

$1.2M · 77K shares

$1.2M · 20K shares

$1.2M · 40K shares

$1.2M · 3K shares

$1.2M · 3K shares

$1.2M · 20K shares

$1.2M · 16K shares

$1.2M · 17K shares

$1.1M · 6K shares

$1.1M · 5K shares

$1.1M · 7K shares

IWN

$1.1M · 6K shares

PFE

$1.0M · 41K shares

$1.0M · 38K shares

DEO

$1.0M · 12K shares

GTES

$1.0M · 47K shares

NGG

$945K · 12K shares

$932K · 24K shares

$919K · 20K shares

$897K · 8K shares

$893K · 19K shares

$883K · 13K shares

$876K · 37K shares

$861K · 29K shares

$854K · 55K shares

$834K · 46K shares

$830K · 3K shares

$816K · 17K shares

$790K · 5K shares

$782K · 23K shares

$778K · 16K shares

$768K · 5K shares

$748K · 700 shares

$742K · 3K shares

$737K · 15K shares

$722K · 6K shares

$692K · 5K shares

$690K · 23K shares

$656K · 4K shares

$625K · 925 shares

$622K · 19K shares

$620K · 1K shares

$617K · 5K shares

$601K · 4K shares

$598K · 3K shares

$592K · 964 shares

$584K · 419 shares

$582K · 3K shares

$578K · 3K shares

$578K · 11K shares

$566K · 14K shares

$558K · 6K shares

$558K · 10K shares

$557K · 23K shares

$547K · 1K shares

$545K · 8K shares

$533K · 2K shares

$531K · 4K shares

$528K · 7K shares

$517K · 4K shares

$514K · 5K shares

$512K · 3K shares

$506K · 23K shares

$505K · 7K shares

$493K · 3K shares

$491K · 2K shares

$487K · 17K shares

$475K · 25K shares

$473K · 3K shares

$466K · 1K shares

$451K · 4K shares

$439K · 1K shares

$422K · 1K shares

$421K · 10K shares

$421K · 11K shares

$420K · 688 shares

$420K · 1K shares

$419K · 54K shares

$391K · 15K shares

$391K · 1K shares

$389K · 3K shares

$388K · 980 shares

$385K · 4K shares

$377K · 9K shares

$377K · 7K shares

$376K · 5K shares

$375K · 8K shares

$367K · 19K shares

$365K · 3K shares

$363K · 8K shares

$360K · 14K shares

$360K · 2K shares

$359K · 106 shares

$357K · 10K shares

$355K · 37K shares

$348K · 3K shares

$342K · 2K shares

$341K · 2K shares

$340K · 5K shares

$339K · 4K shares

$339K · 3K shares

$338K · 13K shares

$337K · 10K shares

$336K · 8K shares

$333K · 11K shares

$333K · 7K shares

$326K · 18K shares

$326K · 5K shares

$325K · 3K shares

$319K · 3K shares

$318K · 4K shares

$317K · 9K shares

$317K · 2K shares

$316K · 9K shares

$316K · 3K shares

$311K · 3K shares

$311K · 31K shares

$308K · 5K shares

$301K · 590 shares

$291K · 2K shares

$285K · 4K shares

$282K · 2K shares

$282K · 5K shares

$275K · 21K shares

$273K · 19K shares

$273K · 6K shares

$272K · 6K shares

$270K · 1K shares

$267K · 840 shares

$264K · 912 shares

$262K · 1K shares

$260K · 694 shares

$258K · 3K shares

$258K · 2K shares

$258K · 3K shares

$256K · 8K shares

$256K · 819 shares

$252K · 6K shares

$252K · 2K shares

$251K · 6K shares

$250K · 3K shares

$247K · 3K shares

$246K · 3K shares

$241K · 5K shares

$239K · 3K shares

$237K · 255 shares

$236K · 4K shares

$235K · 9K shares

$234K · 5K shares

$232K · 12K shares

$231K · 5K shares

$230K · 10K shares

$229K · 3K shares

$228K · 746 shares

$226K · 22K shares

$225K · 9K shares

$223K · 4K shares

$223K · 4K shares

$223K · 984 shares

$221K · 3K shares

$220K · 484 shares

$219K · 11K shares

$218K · 7K shares

$218K · 3K shares

$215K · 2K shares

$215K · 2K shares

$215K · 5K shares

$212K · 915 shares

$212K · 10K shares

$212K · 3K shares

$211K · 8K shares

$210K · 3K shares

$209K · 2K shares

$208K · 11K shares

$208K · 4K shares

$208K · 9K shares

$205K · 4K shares

$204K · 418 shares

$201K · 7K shares

$200K · 8K shares

$175K · 12K shares

$155K · 11K shares

$97K · 14K shares

$89K · 20K shares

$58K · 12K shares

$46K · 10K shares

$21K · 11K shares

CLIR

$18K · 32K shares

Sector Breakdown

Sector	# Holdings	Value	%
Technology	56	$559.8M	27.9%
Financial Services	114	$493.8M	24.6%
Communication Services	17	$164.9M	8.2%
Industrials	46	$159.9M	8.0%
Consumer Cyclical	40	$153.7M	7.7%
Healthcare	39	$149.8M	7.5%
Unknown	25	$99.3M	4.9%
Consumer Defensive	19	$95.6M	4.8%
Energy	19	$48.5M	2.4%
Basic Materials	16	$35.7M	1.8%
Utilities	6	$24.0M	1.2%
Real Estate	10	$23.5M	1.2%