NEXPOINT ASSET MANAGEMENT, L.P.

Registered adviser

CIK

1469877

Location

Dallas, TX

Portfolio Value

Mid $1,491,277,489

Diversification

Diversified

Reports for

NexPoint Advisors, L.P.

Filing Date

Global Rank

#1,958 / 8,818 ▼ 202

Top Industry

Biotechnology 11.3%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 149653

Roster of Oct 1, 2026

Regulatory AUM

$2,764,342,755

Main clients

Registered funds and BDCs (100% of AUM)

Registered funds advised

4 series (0 index, 0 ETFs)

$2,047,096,316 net assets· N-CEN Jun 30, 2026

LEI

5493002K2NSYVU046L11

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$2,764,342,755	Registered funds and BDCs (100%)
Apr 2025 to Mar 2026	$2,494,957,000	Registered funds and BDCs (100%)
Apr 2024 to Mar 2025	$2,226,389,198	Registered funds and BDCs (100%)
May 2023 to Mar 2024	$3,199,680,841	Registered funds and BDCs (100%)
Apr 2023	$3,199,680,841	Registered funds and BDCs (100%)
Apr 2022 to Mar 2023	$2,294,109,000	Registered funds and BDCs (100%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 50.6%, 25.1 effective positions, active share 97.4% against the S&P MidCap 400 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

98.8% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.1 quarters, but 15.0% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 97.4%; sector active share 49.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

66 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.8%

+1.3 pts

Top 5

29.6%

−3.9 pts

Top 10

50.6%

−4.2 pts

HHI

398

Diversified−8

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Real Estate	24.0%	$357,990,535	8
Healthcare	21.5%	$320,320,744	11
Communication Services	13.1%	$196,017,834	6
Consumer Cyclical	10.7%	$159,309,680	3
Financial Services	9.5%	$141,000,652	6
Industrials	8.6%	$128,485,391	10
Utilities	8.5%	$127,436,636	4
Technology	1.9%	$27,631,623	8
Energy	1.5%	$22,576,588	4
Unclassified	0.3%	$4,713,378	2
Basic Materials	0.2%	$3,371,683	2
Consumer Defensive	0.2%	$2,422,745	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
—		+3,811,630	6,786,800	$35,291,360
FRMI	Fermi Inc.	+2,639,999	3,941,477	$36,103,929
—		+2,174,950	3,050,205	$57,831,887
CCO	Clear Channel Outdoor Holdings, Inc.	+1,280,190	10,616,260	$25,691,348
WBD	Warner Bros. Discovery, Inc.	+1,061,000	1,933,000	$51,533,780
HFRO	Highland Opportunities & Income Fund	+470,400	4,599,295	$32,792,972
TXNM	Txnm Energy Inc	+270,851	811,090	$46,053,689
NXDT	Nexpoint Diversified Real Estate Trust	+116,717	5,481,827	$28,450,681
ET	Energy Transfer LP	+86,250	773,690	$14,792,953
—		+35,657	220,917	$46,158,398
REZI	Resideo Technologies, Inc.	+21,800	80,100	$2,491,108
AMRZ	Amrize Ltd	+17,958	49,510	$2,638,883
—		+6,954	306,964	$62,939,897
BHF	Brighthouse Financial, Inc.	+6,469	582,977	$36,902,444
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
SHC	Sotera Health Co	−124,563	190,916	$3,388,759
LION	Lionsgate Studios Corp.	−70,372	227,768	$3,487,128
KYIV	Kyivstar Group Ltd.	−63,519	219,271	$3,545,612
MIDD	MIDDLEBY Corp	−22,525	14,825	$2,550,047
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
—		617,820	$76,300,770
—		8,089,339	$75,958,892
—		1,049,930	$75,321,978
WTRG	Essential Utilities, Inc.	1,780,349	$68,205,169
—		185,680	$65,829,129
—		1,263,211	$65,623,811
—		1,966,063	$59,689,672
—		2,177,366	$54,172,865
—		1,602,557	$50,368,367
OGN	Organon & Co.	3,009,630	$40,750,390
ROKU	Roku, Inc	292,770	$40,443,247
—		299,940	$39,811,035
GSAT	Globalstar, Inc.	145,946	$11,863,950
—		2,955,920	$9,340,708
—		656,630	$8,674,083
APTV	Aptiv PLC	130,805	$8,028,810
—		138,128	$5,431,192
NRG	Nrg Energy, Inc.	36,300	$5,301,978
PRIM	Primoris Services Corp	37,025	$3,669,918
FLS	Flowserve Corp	33,800	$2,506,608
ONT	Onterris, Inc.	110,353	$2,230,234
VRRM	VERRA MOBILITY Corp	420,000	$1,785,000
MKC	Mccormick & Co Inc	31,409	$1,583,641
VISN	Vistance Networks, Inc.	122,500	$1,565,550
SUJA	Suja Life, Inc.	82,589	$839,104
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		1,541,860	$116,549,198
—		4,004,230	$94,700,040
—		1,993,800	$83,839,290
—		3,358,217	$80,597,208
—		1,168,656	$75,892,521
—		895,961	$71,623,123
—		310,130	$55,162,823
—		4,597,870	$54,898,568
—		904,200	$47,669,424
—		373,150	$42,845,083
—		1,416,581	$35,017,882
—		2,039,280	$29,487,989
TWOD	Two Harbors Investment Corp.	1,043,637	$25,871,760
—		1,478,770	$24,089,163
—		480,643	$16,889,795
—		435,503	$8,217,941
RAL	Ralliant Corp	155,849	$6,481,759
REYN	Reynolds Consumer Products Inc.	285,950	$6,056,421
FBIN	Fortune Brands Innovations, Inc.	153,390	$5,977,608
YETI	YETI Holdings, Inc.	105,898	$3,874,807
SWX	Southwest Gas Holdings, Inc.	38,650	$3,358,685
ARE	Alexandria Real Estate Equities, Inc.	56,000	$2,599,520
GPC	Genuine Parts Co	17,750	$1,877,062
BEP	Brookfield Renewable Partners L.P.	57,506	$1,876,995
BRZE	Braze, Inc.	74,955	$1,769,687
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

66 tracked positions · $1,491,277,489 total · filing declares 107 positions · $1,496,800,912 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 66 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NREF	NexPoint Real Estate Finance, Inc. Real Estate	Held	9,439,635	0	$146,314,342	+15.1%	26+	before history	9.81%
		NEW	617,820	NEW	$76,300,770	NEW	1	unpriced	5.12%
		NEW	8,089,339	NEW	$75,958,892	NEW	1	$8.11	5.09%
		NEW	1,049,930	NEW	$75,321,978	NEW	1	unpriced	5.05%
WTRG	Essential Utilities, Inc. Utilities	NEW	1,780,349	NEW	$68,205,169	NEW	1	$38.18	4.57%
		NEW	185,680	NEW	$65,829,129	NEW	1	unpriced	4.41%
		NEW	1,263,211	NEW	$65,623,811	NEW	1	unpriced	4.40%
		Added	306,964	+6,954	$62,939,897	+2.9%	4	$183.42	4.22%
		NEW	1,966,063	NEW	$59,689,672	NEW	1	unpriced	4.00%
		Added	3,050,205	+2,174,950	$57,831,887	+309.1%	20	unpriced	3.88%
		NEW	2,177,366	NEW	$54,172,865	NEW	1	$23.56	3.63%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	1,933,000	+189,000	$51,533,780	+7.6%	2	$27.48	3.46%
		NEW	1,602,557	NEW	$50,368,367	NEW	1	unpriced	3.38%
		Added	220,917	+35,657	$46,158,398	+20.5%	5	unpriced	3.10%
TXNM	Txnm Energy Inc Utilities	Added	811,090	+270,851	$46,053,689	+45.8%	14	$55.99	3.09%
OGN	Organon & Co. Healthcare	NEW	3,009,630	NEW	$40,750,390	NEW	1	$11.96	2.73%
ROKU	Roku, Inc Communication Services	NEW	292,770	NEW	$40,443,247	NEW	1	$121.99	2.71%
		NEW	299,940	NEW	$39,811,035	NEW	1	$90.09	2.67%
FRMI	Fermi Inc. PUT + SHARES Real Estate	Added	4,041,477	+2,739,999	$37,019,929	+387.1%	3	$10.68	2.48%
BHF	Brighthouse Financial, Inc. Financial Services	Added	582,977	+6,469	$36,902,444	+6.9%	3	$58.80	2.47%
		Added	6,786,800	+3,811,630	$35,291,360	+129.2%	2	$4.86	2.37%
HFRO	Highland Opportunities & Income Fund Financial Services	Added	4,599,295	+470,400	$32,792,972	+39.1%	21	$6.92	2.20%
NXDT	Nexpoint Diversified Real Estate Trust Real Estate	Added	5,481,827	+116,717	$28,450,681	+13.6%	26+	before history	1.91%
NXRT	NexPoint Residential Trust, Inc. Real Estate	Held	934,752	0	$26,098,274	+11.7%	26+	before history	1.75%
CCO	Clear Channel Outdoor Holdings, Inc. Communication Services	Added	10,616,260	+1,280,190	$25,691,348	+16.1%	2	$2.28	1.72%
TSAT	Telesat Corp Technology	Held	396,623	0	$20,077,056	+39.8%	19	$40.01	1.35%
ET	Energy Transfer LP Energy	Added	773,690	+86,250	$14,792,953	+11.5%	26+	before history	0.99%
GSAT	Globalstar, Inc. Communication Services	NEW	145,946	NEW	$11,863,950	NEW	1	$80.48	0.80%
		NEW	2,955,920	NEW	$9,340,708	NEW	1	unpriced	0.63%
		NEW	656,630	NEW	$8,674,083	NEW	1	unpriced	0.58%
APTV	Aptiv PLC Consumer Cyclical	NEW	130,805	NEW	$8,028,810	NEW	1	$61.17	0.54%
CEPU	Central Puerto S.A. Utilities	Held	530,000	0	$7,875,800	−11.7%	26+	before history	0.53%
TALO	Talos Energy Inc. Energy	Held	496,596	0	$6,411,054	−18.1%	10	$13.05	0.43%
		NEW	138,128	NEW	$5,431,192	NEW	1	unpriced	0.36%
NRG	Nrg Energy, Inc. Utilities	NEW	36,300	NEW	$5,301,978	NEW	1	$143.99	0.36%
PRIM	Primoris Services Corp Industrials	NEW	37,025	NEW	$3,669,918	NEW	1	$131.47	0.25%
KYIV	Kyivstar Group Ltd. Communication Services	Reduced	219,271	-63,519	$3,545,612	+23.9%	2	$11.84	0.24%
LION	Lionsgate Studios Corp.	Reduced	227,768	-70,372	$3,487,128	+22.0%	5	$7.20	0.23%
SHC	Sotera Health Co Healthcare	Reduced	190,916	-124,563	$3,388,759	−25.1%	5	$12.91	0.23%
AMRZ	Amrize Ltd Basic Materials	Added	49,510	+17,958	$2,638,883	+49.3%	3	$52.16	0.18%
MIDD	MIDDLEBY Corp Industrials	Reduced	14,825	-22,525	$2,550,047	−48.5%	2	unpriced	0.17%
FLS	Flowserve Corp Industrials	NEW	33,800	NEW	$2,506,608	NEW	1	$76.04	0.17%
REZI	Resideo Technologies, Inc. Industrials	Added	80,100	+21,800	$2,491,108	+26.8%	3	$36.08	0.17%
ONT	Onterris, Inc. Industrials	NEW	110,353	NEW	$2,230,234	NEW	1	$18.66	0.15%
RNA	Atrium Therapeutics, Inc. Healthcare	Held	150,025	0	$2,017,835	+0.6%	2	$14.05	0.14%
CRESY	Cresud Inc Industrials	Held	170,852	0	$1,915,250	−11.9%	2	$12.15	0.13%
VRRM	VERRA MOBILITY Corp Technology	NEW	420,000	NEW	$1,785,000	NEW	1	$10.56	0.12%
BILL	BILL Holdings, Inc. Technology	Held	46,300	0	$1,674,208	−5.6%	4	$47.65	0.11%
MKC	Mccormick & Co Inc Consumer Defensive	NEW	31,409	NEW	$1,583,641	NEW	1	$49.06	0.11%
VISN	Vistance Networks, Inc. Technology	NEW	122,500	NEW	$1,565,550	NEW	1	$14.11	0.10%

Showing the top 50 of 66 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.