NEXPOINT ASSET MANAGEMENT, L.P.

Dallas, TX · CIK 1469877 · 13F filing filed 2023-08-14

SEC-registered investment adviser since 2009 · limited partnership

Assets managed$2.8bn
Staff6 · 6 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Websitenexpointassetmgmt.com
Form ADV · 2026-03-31SEC adviser record

Legal entityNEXPOINT ASSET MANAGEMENT, L.P. (US)

$664.1m reported value -28.0% vs Q1 2023

96positions

69.4%in top 10

20 new 7 added 24 reduced 22 sold out vs Q1 2023

Options: 4 call positions ($15.5m notional), 3 put positions ($5.7m notional) – listed below, not included above.

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NEXPOINT REAL ESTATE FIN INC COM NREF	NREF	8,587,364	$133.9m20.16%	20.16%	Added +350.0k	+350,000 4.2%
2	HORIZON THERAPEUTICS PUB L SHS HZNP	HZNP	581,947	$59.9m9.01%	9.01%	Reduced -63.4k	-63,351 -9.8%
3	LIFE STORAGE INC COM COM		355,761	$47.3m7.12%	7.12%	New
4	UNIVAR SOLUTIONS INC COM UNVR	UNVR	1,209,148	$43.3m6.53%	6.53%	New
5	DICE THERAPEUTICS INC COM COM		717,322	$33.3m5.02%	5.02%	New
6	GASLOG PARTNERS LP UNIT LTD PTNRP UNIT LTD PTNRP		3,782,087	$32.6m4.91%	4.91%	New
7	NEXPOINT DIVERSIFIED REL ET COM NEW NXDT	NXDT	2,536,386	$31.8m4.78%	4.78%	Added +201.4k	+201,445 8.6%
8	NEXPOINT RESIDENTIAL TR INC COM NXRT	NXRT	672,702	$30.6m4.61%	4.61%	Added +99.0k	+98,959 17.2%
9	MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP COM UNIT RP LP		457,262	$28.5m4.29%	4.29%	New
10	FOCUS FINL PARTNERS INC COM CL A FOCS	FOCS	376,040	$19.7m2.97%	2.97%	Added +310.5k	+310,473 473.5%
11	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	1,465,712	$18.6m2.80%	2.80%	Reduced -200.0k	-200,000 -12.0%
12	AEROJET ROCKETDYNE HLDGS INC COM AJRD	AJRD	313,302	$17.2m2.59%	2.59%	Reduced -467.5k	-467,476 -59.9%
13	ARCONIC CORPORATION COM COM		426,210	$12.6m1.90%	1.90%	New
14	CHINOOK THERAPEUTICS INC COM ADRO	ADRO	282,592	$10.9m1.63%	1.63%	New
15	WHITESTONE REIT COM COM		1,067,755	$10.4m1.56%	1.56%	Reduced -111.8k	-111,763 -9.5%
16	ABSOLUTE SOFTWARE CORP COM COM		901,767	$10.3m1.56%	1.56%	New
17	TXNM ENERGY INC COM TXNM	TXNM	210,923	$9.5m1.43%	1.43%	Added +73.0k	+72,953 52.9%
18	HIGHLAND OPPORTUNITIES HIGHLAND INCOME HFRO	HFRO	918,047	$8.3m1.25%	1.25%	Unchanged
19	BRAEMAR HOTELS & RESORTS INC 5.5 CUM CV PFD B BHR 5.5 PERP b	BHR 5.5 PERP b	565,750	$7.9m1.19%	1.19%	Unchanged
20	HEALTHCARE RLTY TR CL A COM HR	HR	354,533	$6.7m1.01%	1.01%	Reduced -470.1k	-470,102 -57.0%
21	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	56,000	$6.4m0.96%	0.96%	Unchanged
22	TELESAT CORP CL A & CL B SHS TSAT	TSAT	590,923	$5.6m0.84%	0.84%	Unchanged
23	PARATEK PHARMACEUTICALS INC COM PRTK	PRTK	2,495,770	$5.5m0.83%	0.83%	Unchanged
24	ARGO GROUP INTL HLDGS LTD COM AGII	AGII	186,008	$5.5m0.83%	0.83%	New
25	TARGA RES CORP COM TRGP	TRGP	65,800	$5.0m0.75%	0.75%	Reduced -65.8k	-65,800 -50.0%
26	TEUCRIUM COMMODITY TR CORN FD SHS CORN	CORN	206,850	$4.6m0.69%	0.69%	Unchanged
27	ELME COMMUNITIES SH BEN INT ELME	ELME	263,799	$4.3m0.65%	0.65%	Reduced -866.3k	-866,346 -76.7%
28	U S XPRESS ENTERPRISES INC COM CL A USX	USX	679,863	$4.2m0.63%	0.63%	New
29	SERITAGE GROWTH PPTYS CL A SRG	SRG	417,500	$3.7m0.56%	0.56%	Unchanged
30	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	139,050	$3.7m0.56%	0.56%	Reduced -139.1k	-139,050 -50.0%
31	CENTRAL PUERTO S A SPONSORED ADR CEPU	CEPU	530,000	$3.7m0.55%	0.55%	Unchanged
32	MERCADOLIBRE INC COM MELI	MELI	3,000	$3.6m0.54%	0.54%	Unchanged
33	INTEGRATED RAIL AND RES ACQ UNIT 99/99/9999 UNIT 99/99/9999		294,324	$3.2m0.48%	0.48%	Unchanged
34	PAMPA ENERGIA S A SPONS ADR LVL I PAM	PAM	67,700	$2.9m0.44%	0.44%	Unchanged
35	ENERGEM CORP UNIT 11/15/2026 UNIT 11/15/2026		225,000	$2.5m0.37%	0.37%	Unchanged
36	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	78,631	$2.1m0.31%	0.31%	Unchanged
37	VISTRA CORP COM VST	VST	78,700	$2.1m0.31%	0.31%	Reduced -68.3k	-68,300 -46.5%
38	PROSHARES TR II ULTRA BLOOMBERG BOIL	BOIL	24,500	$1.7m0.25%	0.25%	New
39	HOME PT CAPITAL INCORPORATED COM HMPT	HMPT	565,929	$1.3m0.20%	0.20%	New
40	CRESUD S A C I F Y A SPONSORED ADR CRESY	CRESY	167,766	$1.3m0.20%	0.20%	Added +3.6k	+3,617 2.2%
41	URSTADT BIDDLE PPTYS INC CL A UBA	UBA	45,619	$969.9k0.15%	0.15%	New
42	SAFEHOLD INC COM SAFE	SAFE	37,256	$884.1k0.13%	0.13%	Unchanged
43	NATIONAL INSTRS CORP COM COM		13,633	$782.5k0.12%	0.12%	New
44	HIGHLAND GLOBAL ALLOCATION F COM HGLB	HGLB	86,246	$746.0k0.11%	0.11%	Reduced -349	-349 -0.4%
45	TECK RESOURCES LTD CL B TECK	TECK	16,794	$707.0k0.11%	0.11%	New
46	EVEREST CONSOLIDATOR ACQ COR UNIT 99/99/9999 EVCOU	EVCOU	60,927	$655.0k0.10%	0.10%	Unchanged
47	CITY OFFICE REIT INC COM CIO	CIO	113,055	$629.7k0.09%	0.09%	New
48	FARMLAND PARTNERS INC COM FPI	FPI	49,000	$598.3k0.09%	0.09%	Unchanged
49	WHEELER REAL ESTATE INVT TR PFD CNV SER D WHLR 8.75 PERP D	WHLR 8.75 PERP D	47,300	$591.2k0.09%	0.09%	Unchanged
50	HERON THERAPEUTICS INC COM HRTX	HRTX	499,131	$579.0k0.09%	0.09%	Unchanged
51	PATTERSON COS INC COM PDCO	PDCO	17,200	$572.1k0.09%	0.09%	Unchanged
52	FIRST HORIZON CORPORATION COM FHN	FHN	48,980	$552.0k0.08%	0.08%	Reduced -1.9m	-1,927,081 -97.5%
53	GLOBUS MED INC CL A GMED	GMED	8,236	$490.4k0.07%	0.07%	Added +3.2k	+3,236 64.7%
54	CROWN HLDGS INC COM CCK	CCK	5,500	$477.8k0.07%	0.07%	Unchanged
55	INDEPENDENCE RLTY TR INC COM IRT	IRT	25,463	$463.9k0.07%	0.07%	Reduced -72.1k	-72,091 -73.9%
56	CLEARWAY ENERGY INC CL C CWEN	CWEN	16,000	$457.0k0.07%	0.07%	Unchanged
57	DARLING INGREDIENTS INC COM DAR	DAR	7,000	$446.5k0.07%	0.07%	Unchanged
58	LOMA NEGRA C I A S A MTN 14 SPONSORED ADS LOMA	LOMA	64,000	$435.2k0.07%	0.07%	Unchanged
59	BORGWARNER INC COM BWA	BWA	8,666	$423.9k0.06%	0.06%	New
60	NEW FORTRESS ENERGY INC COM CL A COM CL A		15,600	$417.8k0.06%	0.06%	Unchanged
61	SOLAREDGE TECHNOLOGIES INC COM SEDG	SEDG	1,530	$411.6k0.06%	0.06%	Unchanged
62	AFC GAMMA INC COM AFCG	AFCG	32,859	$409.1k0.06%	0.06%	Unchanged
63	PRIMO WATER CORPORATION COM BCB	BCB	32,400	$406.3k0.06%	0.06%	Unchanged
64	CHART INDS INC COM GTLS	GTLS	2,150	$343.5k0.05%	0.05%	Reduced -1.1k	-1,050 -32.8%
65	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	5,600	$328.4k0.05%	0.05%	Unchanged
66	LABORATORY CORP AMER HLDGS COM NEW COM NEW		1,300	$313.7k0.05%	0.05%	New
67	CONSTELLATION ENERGY CORP COM CEG	CEG	3,100	$283.8k0.04%	0.04%	Unchanged
68	ECOVYST INC COM ECVT	ECVT	22,855	$261.9k0.04%	0.04%	Reduced -2.1k	-2,145 -8.6%
69	EMEREN GROUP LTD SPONSORED ADS SOL	SOL	68,500	$259.6k0.04%	0.04%	Reduced -15.0k	-15,000 -18.0%
70	PLANET LABS PBC COM CL A PL	PL	80,000	$257.6k0.04%	0.04%	Reduced -25.0k	-25,000 -23.8%
71	MFA FINL INC COM MFA	MFA	22,500	$252.9k0.04%	0.04%	Unchanged
72	BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT BEP	BEP	8,200	$241.8k0.04%	0.04%	Reduced -3.2k	-3,200 -28.1%
73	ADVANCED DRAIN SYS INC DEL COM WMS	WMS	2,100	$238.9k0.04%	0.04%	Reduced -900	-900 -30.0%
74	SUNRUN INC COM RUN	RUN	12,600	$225.0k0.03%	0.03%	Unchanged
75	ALTUS POWER INC COM CL A AMPS	AMPS	38,650	$208.7k0.03%	0.03%	Reduced -10.0k	-10,000 -20.6%
76	MINERALS TECHNOLOGIES INC COM MTX	MTX	3,600	$207.7k0.03%	0.03%	Reduced -2.0k	-2,000 -35.7%
77	SUNNOVA ENERGY INTL INC. COM NOVAQ	NOVAQ	10,920	$199.9k0.03%	0.03%	Reduced -2.0k	-2,000 -15.5%
78	BLOOM ENERGY CORP COM CL A BE	BE	12,000	$196.2k0.03%	0.03%	Reduced -600	-600 -4.8%
79	ASPEN AEROGELS INC COM ASPN	ASPN	24,650	$194.5k0.03%	0.03%	Reduced -3.4k	-3,400 -12.1%
80	GOGREEN INVESTMENTS CORP W EXP 05/31/202 W EXP 05/31/202		181,950	$178.3k0.03%	0.03%	Unchanged
81	ATLAS ENERGY SOLUTIONS INC COM CLASS A COM CLASS A		10,000	$173.6k0.03%	0.03%	Unchanged
82	MP MATERIALS CORP COM CL A MP	MP	6,982	$159.7k0.02%	0.02%	New
83	WHEELER REAL ESTATE INVT TR CV PFD SER B WHLR 9 PERP B	WHLR 9 PERP B	82,301	$131.7k0.02%	0.02%	Unchanged
84	CLEAN ENERGY FUELS CORP COM CLNE	CLNE	26,200	$130.0k0.02%	0.02%	Reduced -17.0k	-17,000 -39.4%
85	BLOCKCHAIN COINVSTRS ACQ CRP UNIT 09/01/2026 UNIT 09/01/2026		10,000	$105.0k0.02%	0.02%	Unchanged
86	GRUPO SUPERVIELLE S.A. SPONSORED ADR SUPV	SUPV	24,300	$75.6k0.01%	0.01%	Unchanged
87	PERCEPTION CAPITAL CORP II W EXP 10/25/202 W EXP 10/25/202		198,080	$20.9k0.00%	0.00%	Unchanged
88	UR-ENERGY INC COM URG	URG	15,000	$15.8k0.00%	0.00%	Unchanged
89	NRG ENERGY INC COM NEW NRG	NRG	282	$10.5k0.00%	0.00%	New
90	FAT PROJECTS ACQUISITION COR W EXP 08/31/202 W EXP 08/31/202		150,000	$7.5k0.00%	0.00%	Unchanged
91	PHOENIX BIOTECH ACQUISITION *W EXP 09/01/202 CEROW	CEROW	108,741	$6.6k0.00%	0.00%	Unchanged
92	ATHENA CONSUMER ACQ CORP W EXP 07/31/202 W EXP 07/31/202		125,076	$5.6k0.00%	0.00%	Unchanged
93	SMX SEC MATTERS PLC *W EXP 03/07/202 SMXWW	SMXWW	113,155	$2.3k0.00%	0.00%	Unchanged
94	SEAPORT GLOBAL ACQUISITION I W EXP 11/17/202 W EXP 11/17/202		21,237	$1.8k0.00%	0.00%	Unchanged
95	ALTENERGY ACQUISITION CORP *W EXP 10/29/202 AEAEW	AEAEW	12,500	$4380.00%	0.00%	Unchanged
96	APPRECIATE HOLDINGS INC *W EXP 11/29/202 SFRTW	SFRTW	12,612	$3780.00%	0.00%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
DCP MIDSTREAM LP DCP	DCP	2,018,966	$84.2m2.0m shares
MAXAR TECHNOLOGIES INC MAXR	MAXR	1,420,714	$72.5m1.4m shares
MONEYGRAM INTL INC MGI	MGI	6,834,683	$71.2m6.8m shares
OAK STR HEALTH INC		1,063,741	$41.1m1.1m shares
APOLLO ENDOSURGERY INC		3,613,419	$35.8m3.6m shares
ATLAS TECHNICAL CONSULTANTS		1,752,290	$21.4m1.8m shares
INDUS REALTY TRUST INC GRIF	GRIF	226,131	$15.0m226.1k shares
SISECAM RESOURCES LP		575,048	$14.4m575.0k shares
TREAN INS GROUP INC		2,148,648	$13.1m2.1m shares
DIREXION SHS ETF TR SPXL	SPXL	145,330	$10.6m145.3k shares
QUALTRICS INTL INC		579,427	$10.3m579.4k shares
PROSHARES TR TQQQ	TQQQ	360,850	$10.2m360.9k shares
AGROFRESH SOLUTIONS INC AGFS	AGFS	2,018,435	$6.1m2.0m shares
GREEN VISOR FIN TEC ACQ CORP		145,507	$1.5m145.5k shares
BANNER ACQUISITION CORP		52,078	$533.3k52.1k shares
TALON 1 ACQUISITION CORP		38,968	$432.2k39.0k shares
LIMESTONE BANCORP INC PBIB	PBIB	13,081	$291.8k13.1k shares
PROSHARES TR II		55,300	$257.1k55.3k shares
ALTENERGY ACQUISITION CORP AEAE	AEAE	24,500	$254.2k24.5k shares
SHOALS TECHNOLOGIES GROUP IN SHLS	SHLS	10,000	$227.9k10.0k shares
STEM INC		32,000	$181.4k32.0k shares
INTELLIGENT MEDI ACQSITN COR		125,000	$5.8k125.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ACTIVISION BLIZZARD INC ATVI · Call	ATVI	Call	155,600	$13.1m155.6k shares	New
INVESCO QQQ TR QQQ · Put	QQQ	Put	10,000	$3.7m10.0k shares	New
UNITED PARCEL SERVICE INC UPS · Put	UPS	Put	10,000	$1.8m10.0k shares	New
ISHARES TR TLT · Call	TLT	Call	11,500	$1.2m11.5k shares	New
NRG ENERGY INC NRG · Call	NRG	Call	27,500	$1.0m27.5k shares	New
APPLE INC AAPL · Put	AAPL	Put	1,100	$213.4k1.1k shares	New
MP MATERIALS CORP MP · Call	MP	Call	5,500	$125.8k5.5k shares	New