NEXPOINT ASSET MANAGEMENT, L.P.

Dallas, TX · CIK 1469877 · 13F filing filed 2026-08-14

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)

$1.5bn reported value +4.4% vs Q1 2026

67positions

50.4%in top 10

28 new 14 added 4 reduced 42 sold out vs Q1 2026

Options: 2 call positions ($42.1k notional), 1 put positions ($916.0k notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

NexPoint Advisors, L.P. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

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	9,439,635	$146.3m9.78%	9.78%	Unchanged
2	NUVALENT INC COM COM		617,820	$76.3m5.10%	5.10%	New
3	GLOBAL BUSINESS TRAVEL GROUP COM CL A COM CL A		8,089,339	$76.0m5.08%	5.08%	New
4	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	1,049,930	$75.3m5.04%	5.04%	New
5	ESSENTIAL UTILS INC COM WTRG	WTRG	1,780,349	$68.2m4.56%	4.56%	New
6	TOPBUILD CORP COM BLD	BLD	185,680	$65.8m4.40%	4.40%	New
7	JANUS HENDERSON GROUP PLC ORD SHS ORD SHS		1,263,211	$65.6m4.39%	4.39%	New
8	ELECTRONIC ARTS INC COM EA	EA	306,964	$62.9m4.21%	4.21%	Added +7.0k	+6,954 2.3%
9	SILA REALTY TRUST INC COMMON STOCK COMMON STOCK		1,966,063	$59.7m3.99%	3.99%	New
10	WHITESTONE REIT COM COM		3,050,205	$57.8m3.87%	3.87%	Added +2.2m	+2,174,950 248.5%
11	AVANOS MED INC COM AVNS	AVNS	2,177,366	$54.2m3.62%	3.62%	New
12	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,933,000	$51.5m3.45%	3.45%	Added +1.1m	+1,061,000 121.7%
13	CATALYST PHARMACEUTICALS INC COM CPRX	CPRX	1,602,557	$50.4m3.37%	3.37%	New
14	CHART INDS INC COM GTLS	GTLS	220,917	$46.2m3.09%	3.09%	Added +35.7k	+35,657 19.2%
15	TXNM ENERGY INC COM TXNM	TXNM	811,090	$46.1m3.08%	3.08%	Added +270.9k	+270,851 50.1%
16	ORGANON & CO COMMON STOCK OGN	OGN	3,009,630	$40.8m2.72%	2.72%	New
17	ROKU INC COM CL A ROKU	ROKU	292,770	$40.4m2.70%	2.70%	New
18	APOGEE THERAPEUTICS INC COM COM		299,940	$39.8m2.66%	2.66%	New
19	BRIGHTHOUSE FINL INC COM BHF	BHF	582,977	$36.9m2.47%	2.47%	Added +6.5k	+6,469 1.1%
20	FERMI INC COM FRMI	FRMI	3,941,477	$36.1m2.41%	2.41%	Added +2.6m	+2,639,999 202.8%
21	TALKSPACE INC COM TALK	TALK	6,786,800	$35.3m2.36%	2.36%	Added +3.8m	+3,811,630 128.1%
22	HIGHLAND OPPORTUNITIES HIGHLAND INCOME HFRO	HFRO	4,599,295	$32.8m2.19%	2.19%	Added +470.4k	+470,400 11.4%
23	NEXPOINT DIVERSIFIED REL ET COM NEW NXDT	NXDT	5,481,827	$28.5m1.90%	1.90%	Added +116.7k	+116,717 2.2%
24	NEXPOINT RESIDENTIAL TR INC COM NXRT	NXRT	934,752	$26.1m1.74%	1.74%	Unchanged
25	CLEAR CHANNEL OUTDOOR HLDGS COM CCO	CCO	10,616,260	$25.7m1.72%	1.72%	Added +1.3m	+1,280,190 13.7%
26	TELESAT CORP CL A & CL B SHS TSAT	TSAT	396,623	$20.1m1.34%	1.34%	Unchanged
27	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	773,690	$14.8m0.99%	0.99%	Added +86.2k	+86,250 12.6%
28	GLOBALSTAR INC COM NEW GSAT	GSAT	145,946	$11.9m0.79%	0.79%	New
29	ESPERION THERAPEUTICS INC NE COM ESPR	ESPR	2,955,920	$9.3m0.62%	0.62%	New
30	CROSS CTRY HEALTHCARE INC COM CCRN	CCRN	656,630	$8.7m0.58%	0.58%	New
31	APTIV PLC COM SHS APTV	APTV	130,805	$8.0m0.54%	0.54%	New
32	CENTRAL PUERTO S A SPONSORED ADR CEPU	CEPU	530,000	$7.9m0.53%	0.53%	Unchanged
33	TALOS ENERGY INC COM TALO	TALO	496,596	$6.4m0.43%	0.43%	Unchanged
34	STELLAR BANCORP INC COM COM		138,128	$5.4m0.36%	0.36%	New
35	NRG ENERGY INC COM NEW NRG	NRG	36,300	$5.3m0.35%	0.35%	New
36	BRAEMAR HOTELS & RESORTS INC 5.5 CUM CV PFD B BHR 5.5 PERP b	BHR 5.5 PERP b	339,774	$4.7m0.31%	0.31%	Unchanged
37	PRIMORIS SVCS CORP COM PRIM	PRIM	37,025	$3.7m0.25%	0.25%	New
38	KYIVSTAR GROUP LTD ORD SHS KYIV	KYIV	219,271	$3.5m0.24%	0.24%	Reduced -63.5k	-63,519 -22.5%
39	LIONSGATE STUDIOS CORP COM LION	LION	227,768	$3.5m0.23%	0.23%	Reduced -70.4k	-70,372 -23.6%
40	SOTERA HEALTH CO COM SHC	SHC	190,916	$3.4m0.23%	0.23%	Reduced -124.6k	-124,563 -39.5%
41	AMRIZE LTD SHS AMRZ	AMRZ	49,510	$2.6m0.18%	0.18%	Added +18.0k	+17,958 56.9%
42	MIDDLEBY CORP COM MIDD	MIDD	14,825	$2.6m0.17%	0.17%	Reduced -22.5k	-22,525 -60.3%
43	FLOWSERVE CORP COM FLS	FLS	33,800	$2.5m0.17%	0.17%	New
44	RESIDEO TECHNOLOGIES INC COM REZI	REZI	80,100	$2.5m0.17%	0.17%	Added +21.8k	+21,800 37.4%
45	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	110,353	$2.2m0.15%	0.15%	New
46	ATRIUM THERAPEUTICS INC COM RNA	RNA	150,025	$2.0m0.13%	0.13%	Unchanged
47	CRESUD S A C I F Y A SPONSORED ADR CRESY	CRESY	170,852	$1.9m0.13%	0.13%	Unchanged
48	VERRA MOBILITY CORP CL A COM STK VRRM	VRRM	420,000	$1.8m0.12%	0.12%	New
49	BILL HOLDINGS INC COM BILL	BILL	46,300	$1.7m0.11%	0.11%	Unchanged
50	MCCORMICK & CO INC COM NON VTG MKC	MKC	31,409	$1.6m0.11%	0.11%	New
51	COMMSCOPE HLDG CO INC COM VISN	VISN	122,500	$1.6m0.10%	0.10%	New
52	READY CAPITAL CORP COM RC	RC	850,129	$1.5m0.10%	0.10%	Unchanged
53	PARSONS CORP DEL COM PSN	PSN	26,000	$1.4m0.09%	0.09%	Unchanged
54	FISERV INC COM FISV	FISV	25,000	$1.2m0.08%	0.08%	Unchanged
55	SERITAGE GROWTH PPTYS CL A SRG	SRG	417,500	$1.1m0.07%	0.07%	Unchanged
56	MARTIN MIDSTREAM PRTNRS L P UNIT L P INT MMLP	MMLP	408,240	$943.0k0.06%	0.06%	Unchanged
57	SUJA LIFE INC COM SHS CL A SUJA	SUJA	82,589	$839.1k0.06%	0.06%	New
58	WHEELER REAL ESTATE INVT TR CV PFD SER B WHLR 9 PERP B	WHLR 9 PERP B	82,301	$823.0k0.06%	0.06%	Unchanged
59	LOMA NEGRA C I A S A MTN 14 SPONSORED ADS LOMA	LOMA	64,000	$732.8k0.05%	0.05%	Unchanged
60	ADOBE INC COM ADBE	ADBE	2,896	$593.7k0.04%	0.04%	Unchanged
61	HONEYWELL INTL INC COM HON	HON	2,550	$570.9k0.04%	0.04%	New
62	HONEYWELL AEROSPACE INC COM HONA	HONA	2,550	$563.8k0.04%	0.04%	New
63	INDIE SEMICONDUCTOR INC CLASS A COM INDI	INDI	106,100	$476.4k0.03%	0.03%	Unchanged
64	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	5,368	$429.5k0.03%	0.03%	Unchanged
65	GRUPO SUPERVIELLE S.A. SPONSORED ADR SUPV	SUPV	24,300	$234.7k0.02%	0.02%	Unchanged
66	HERON THERAPEUTICS INC COM HRTX	HRTX	475,750	$203.1k0.01%	0.01%	Unchanged
67	PAYONEER GLOBAL INC COM PAYO	PAYO	13,700	$97.5k0.01%	0.01%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HOLOGIC INC HOLX	HOLX	1,541,860	$116.5m1.5m shares
CLEARWATER ANALYTICS HLDGS I		4,004,230	$94.7m4.0m shares
SEALED AIR CORP NEW		1,993,800	$83.8m2.0m shares
ONESTREAM INC OS	OS	3,358,217	$80.6m3.4m shares
AIR LEASE CORP AL	AL	1,168,656	$75.9m1.2m shares
CSG SYS INTL INC		895,961	$71.6m896.0k shares
MASIMO CORP MASI	MASI	310,130	$55.2m310.1k shares
SEMRUSH HLDGS INC SEMR	SEMR	4,597,870	$54.9m4.6m shares
TERNS PHARMACEUTICALS INC		904,200	$47.7m904.2k shares
ARCELLX INC ACLX	ACLX	373,150	$42.8m373.1k shares
PROASSURANCE CORP PRA	PRA	1,416,581	$35.0m1.4m shares
AMICUS THERAPEUTICS INC FOLD	FOLD	2,039,280	$29.5m2.0m shares
SELECT MED HLDGS CORP SEM	SEM	1,478,770	$24.1m1.5m shares
COTERRA ENERGY INC CTRA	CTRA	480,643	$16.9m480.6k shares
TWO HBRS INVT CORP		1,043,637	$11.9m1.0m shares
VERIS RESIDENTIAL INC		435,503	$8.2m435.5k shares
RALLIANT CORP RAL	RAL	155,849	$6.5m155.8k shares
REYNOLDS CONSUMER PRODS INC REYN	REYN	285,950	$6.1m285.9k shares
FORTUNE BRANDS INNOVATIONS I FBIN	FBIN	153,390	$6.0m153.4k shares
YETI HLDGS INC YETI	YETI	105,898	$3.9m105.9k shares
SOUTHWEST GAS HLDGS INC SWX	SWX	38,650	$3.4m38.6k shares
ALEXANDRIA REAL ESTATE EQ IN ARE	ARE	56,000	$2.6m56.0k shares
GENUINE PARTS CO GPC	GPC	17,750	$1.9m17.8k shares
BROOKFIELD RENEWABLE PARTNER BEP	BEP	57,506	$1.9m57.5k shares
BRAZE INC BRZE	BRZE	74,955	$1.8m75.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
FERMI INC FRMI · Put	FRMI	Put	100,000	$916.0k100.0k shares	New
EQV VENTURES AC CORP. II EVAC.WS · Call	EVAC.WS	Call	67,000	$26.6k67.0k shares	New
LIGHTWAVE ACQUISITION CORP LWACW · Call	LWACW	Call	50,000	$15.5k50.0k shares	New