James Dondero: HCM Quarterlies Report

On 3rd, February 2016, Jim Dondero’s Highland Capital Management (HCM) filed its quarterly with a portfolio valued at $3.42 billion. The filing only represents 22.73% of HCM assets that are listed in the United States. In that quarter, HCM made the following purchases Spdr S7P for $67.07 million, Amazon Inc for $23.35 million, Danaher Corp for $17.24 million, Intra Cellular Therapies Inc for $15.90 million and Eagle Pharmaceuticals for $17.73 million. Those are the top 5 biggest stocks totaling to 69 new stocks bought by James Dondero’s HCM.

Highland Capital Management also increased the value of its shares these quarter financial year. In the American Airls Group, they increased their stake by 60% to $204.25 million while in the Patterson Inc they purchased extra 16% at a value of $87.91. Other stakes that were raised include the Salesforce Inc by 18% to $54.85m, Corning Inc by 18% to $54.86 million and 173% of Kinder Morgan Inc at $5.38 million. Other smaller purchases include the Burlington Inc by 10.10% and Ldr Holding Corp by 68.98%.

The company is an investment adviser which is registered by SEC and together with the affiliates, HCM commands an asset value of approximately $21 billion. It was started by Jim Dondero as the founder and president in 1993. Its headquarters is located in Dallas, Texas with branches spread throughout the country. Jim has over 30 years in credit and equity markets, and his main focus lies solely on high yields and distressed investments. HCM is the pioneer in the improvement of Collateralized Loan Obligation (CLO) and in the development of credit oriented solutions that are practical in today’s world either in an institution or in retail investment.

James Dondero is also the head of the Cornerstone Healthcare, Nexbank and CCS Medical. He is also an active philanthropist supporting ingenuities in education, public policy, and veteran’s affairs. Before starting HCM, he worked for a GIC subsidiary. He began his career as an analyst in 1984 at the Morgan Guaranty training. Jim graduated top of his class from the University of Virginia with a degree in accounting and finance. He is also a holder of Certified Management Accountant (CMA) certificate and also the Chartered Financial Analyst (CFA) that helped him grow Highland Capital Management to great heights. Other achievements that Jim has achieved include the stewardship that led to a $2 billion growth of the GIC subsidiary in a span of 2 years. Click here for more information.

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