HIGHLAND CAPITAL MANAGEMENT, LLC

CIK: 0000860486SEC EDGAR →

Portfolio Value

$2.0T

Holdings

407

As of

Q4 2025

New Positions

407

Closed Positions

Portfolio Value History

Top 10 Holdings

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

Quarterly Changes

Top Buys

MSFTNEW

$138.8B

AAPLNEW

$108.0B

AVGONEW

$74.5B

NVDANEW

$65.1B

IVVNEW

$62.6B

Top Sells

No sells this quarter

New Positions (407)

MSFT

$138.8B · 287K shares

AAPL

$108.0B · 397K shares

$74.5B · 215K shares

$65.1B · 349K shares

$62.6B · 91K shares

$56.4B · 180K shares

$50.4B · 156K shares

$47.1B · 204K shares

$40.7B · 142K shares

IWF

$35.5B · 75K shares

GOOG

$34.8B · 111K shares

COST

$34.3B · 40K shares

$33.5B · 38K shares

META

$29.8B · 45K shares

MRK

$27.5B · 261K shares

TRVC

$25.4B · 218K shares

$22.8B · 65K shares

$20.6B · 231K shares

$19.8B · 34K shares

$19.5B · 81K shares

$18.7B · 102K shares

$16.3B · 297K shares

$15.8B · 158K shares

$13.8B · 27K shares

$13.1B · 45K shares

$13.0B · 63K shares

$12.9B · 29K shares

$12.9B · 25K shares

$12.5B · 163K shares

$12.4B · 26K shares

$12.0B · 43K shares

$12.0B · 47K shares

$11.7B · 222K shares

$11.6B · 35K shares

$11.5B · 50K shares

$11.5B · 11K shares

$11.1B · 19K shares

$11.0B · 77K shares

PEP

$11.0B · 76K shares

WMT

$10.8B · 97K shares

AXP

$10.7B · 29K shares

$10.7B · 49K shares

VONV

$10.7B · 116K shares

VBR

$10.7B · 50K shares

$10.3B · 47K shares

$10.3B · 110K shares

$10.2B · 60K shares

$9.6B · 32K shares

$9.2B · 52K shares

$9.2B · 110K shares

$9.0B · 18K shares

$9.0B · 375K shares

$8.7B · 21K shares

$8.3B · 102K shares

$8.2B · 24K shares

$8.1B · 13K shares

$8.1B · 66K shares

$8.0B · 10K shares

$8.0B · 66K shares

$7.7B · 34K shares

$7.6B · 70K shares

$7.6B · 25K shares

$7.5B · 30K shares

$7.5B · 112K shares

$7.4B · 11K shares

$7.2B · 104K shares

$7.1B · 84K shares

$7.1B · 81K shares

$6.7B · 49K shares

$6.6B · 21K shares

$6.6B · 47K shares

$6.5B · 93K shares

$6.3B · 17K shares

$6.1B · 34K shares

$6.0B · 39K shares

$5.9B · 47K shares

$5.9B · 238K shares

$5.9B · 51K shares

$5.7B · 28K shares

$5.6B · 65K shares

$5.5B · 26K shares

$5.2B · 83K shares

$5.1B · 35K shares

$5.1B · 32K shares

$5.1B · 16K shares

$5.1B · 45K shares

$5.1B · 18K shares

NSC

$5.0B · 17K shares

COLB

$5.0B · 178K shares

$5.0B · 9K shares

$4.9B · 129K shares

$4.9B · 59K shares

$4.9B · 42K shares

$4.9B · 51K shares

$4.8B · 20K shares

$4.8B · 18K shares

$4.7B · 51K shares

$4.7B · 8K shares

$4.7B · 73K shares

$4.7B · 58K shares

$4.7B · 55K shares

$4.6B · 15K shares

$4.6B · 7K shares

$4.5B · 9K shares

$4.5B · 123K shares

$4.4B · 82K shares

$4.3B · 164K shares

$4.3B · 17K shares

$4.3B · 24K shares

$4.3B · 22K shares

$4.2B · 44K shares

$4.2B · 20K shares

$4.2B · 72K shares

VLO

$4.1B · 25K shares

$4.1B · 47K shares

$4.1B · 21K shares

$3.9B · 40K shares

$3.9B · 84K shares

$3.8B · 49K shares

$3.8B · 6K shares

$3.8B · 13K shares

$3.7B · 14K shares

BLDR

$3.6B · 35K shares

$3.6B · 14K shares

$3.4B · 27K shares

$3.4B · 18K shares

$3.3B · 35K shares

$3.3B · 92K shares

$3.3B · 41K shares

$3.3B · 13K shares

$3.3B · 13K shares

$3.2B · 24K shares

$3.2B · 10K shares

$3.2B · 72K shares

$3.1B · 3K shares

$3.1B · 12K shares

$3.1B · 57K shares

$3.0B · 30K shares

$3.0B · 24K shares

$3.0B · 52K shares

XLV

$2.9B · 19K shares

FFIV

$2.9B · 11K shares

BF/B

$2.9B · 109K shares

$2.8B · 8K shares

$2.8B · 64K shares

$2.8B · 59K shares

$2.8B · 37K shares

$2.6B · 9K shares

$2.6B · 7K shares

$2.6B · 76K shares

$2.6B · 7K shares

$2.6B · 15K shares

$2.5B · 20K shares

$2.5B · 89K shares

$2.5B · 15K shares

$2.4B · 95K shares

$2.4B · 44K shares

$2.4B · 8K shares

$2.4B · 13K shares

$2.3B · 7K shares

$2.3B · 11K shares

$2.2B · 17K shares

$2.1B · 73K shares

$2.1B · 5K shares

$2.1B · 27K shares

$2.1B · 15K shares

$2.1B · 8K shares

$2.1B · 15K shares

$2.1B · 7K shares

$1.9B · 21K shares

$1.9B · 74K shares

$1.9B · 6K shares

$1.9B · 15K shares

$1.9B · 11K shares

$1.9B · 68K shares

$1.8B · 14K shares

$1.8B · 21K shares

$1.8B · 25K shares

$1.8B · 13K shares

$1.8B · 5K shares

$1.8B · 41K shares

$1.8B · 34K shares

$1.8B · 14K shares

$1.8B · 6K shares

$1.8B · 12K shares

$1.8B · 17K shares

$1.7B · 8K shares

$1.7B · 12K shares

$1.7B · 15K shares

$1.7B · 44K shares

$1.7B · 4K shares

$1.7B · 32K shares

$1.7B · 15K shares

$1.6B · 18K shares

$1.6B · 2K shares

$1.6B · 26K shares

$1.6B · 12K shares

$1.6B · 7K shares

$1.6B · 42K shares

$1.6B · 22K shares

$1.6B · 14K shares

$1.5B · 10K shares

$1.5B · 24K shares

$1.5B · 23K shares

$1.5B · 22K shares

$1.5B · 9K shares

$1.5B · 8K shares

$1.4B · 10K shares

$1.4B · 14K shares

$1.4B · 13K shares

$1.4B · 26K shares

$1.4B · 14K shares

$1.4B · 16K shares

$1.4B · 4K shares

$1.3B · 51K shares

$1.3B · 5K shares

$1.3B · 29K shares

$1.3B · 23K shares

$1.2B · 7K shares

$1.2B · 77K shares

$1.2B · 20K shares

$1.2B · 40K shares

$1.2B · 3K shares

$1.2B · 3K shares

$1.2B · 20K shares

$1.2B · 16K shares

$1.2B · 17K shares

$1.1B · 6K shares

$1.1B · 5K shares

$1.1B · 7K shares

IWN

$1.1B · 6K shares

PFE

$1.0B · 41K shares

$1.0B · 38K shares

DEO

$1.0B · 12K shares

GTES

$1.0B · 47K shares

NGG

$945.0M · 12K shares

$932.0M · 24K shares

$919.0M · 20K shares

$897.0M · 8K shares

$893.0M · 19K shares

$883.0M · 13K shares

$876.0M · 37K shares

$861.0M · 29K shares

$854.0M · 55K shares

$834.0M · 46K shares

$830.0M · 3K shares

$816.0M · 17K shares

$790.0M · 5K shares

$782.0M · 23K shares

$778.0M · 16K shares

$768.0M · 5K shares

$748.0M · 700 shares

$742.0M · 3K shares

$737.0M · 15K shares

$722.0M · 6K shares

$692.0M · 5K shares

$690.0M · 23K shares

$656.0M · 4K shares

$625.0M · 925 shares

$622.0M · 19K shares

$620.0M · 1K shares

$617.0M · 5K shares

$601.0M · 4K shares

$598.0M · 3K shares

$592.0M · 964 shares

$584.0M · 419 shares

$582.0M · 3K shares

$578.0M · 3K shares

$578.0M · 11K shares

$566.0M · 14K shares

$558.0M · 6K shares

$558.0M · 10K shares

$557.0M · 23K shares

$547.0M · 1K shares

$545.0M · 8K shares

$533.0M · 2K shares

$531.0M · 4K shares

$528.0M · 7K shares

$517.0M · 4K shares

$514.0M · 5K shares

$512.0M · 3K shares

$506.0M · 23K shares

$505.0M · 7K shares

$493.0M · 3K shares

$491.0M · 2K shares

$487.0M · 17K shares

$475.0M · 25K shares

$473.0M · 3K shares

$466.0M · 1K shares

$451.0M · 4K shares

$439.0M · 1K shares

$422.0M · 1K shares

$421.0M · 10K shares

$421.0M · 11K shares

$420.0M · 688 shares

$420.0M · 1K shares

$419.0M · 54K shares

$391.0M · 15K shares

$391.0M · 1K shares

$389.0M · 3K shares

$388.0M · 980 shares

$385.0M · 4K shares

$377.0M · 9K shares

$377.0M · 7K shares

$376.0M · 5K shares

$375.0M · 8K shares

$367.0M · 19K shares

$365.0M · 3K shares

$363.0M · 8K shares

$360.0M · 14K shares

$360.0M · 2K shares

$359.0M · 106 shares

$357.0M · 10K shares

$355.0M · 37K shares

$348.0M · 3K shares

$342.0M · 2K shares

$341.0M · 2K shares

$340.0M · 5K shares

$339.0M · 4K shares

$339.0M · 3K shares

$338.0M · 13K shares

$337.0M · 10K shares

$336.0M · 8K shares

$333.0M · 11K shares

$333.0M · 7K shares

$326.0M · 18K shares

$326.0M · 5K shares

$325.0M · 3K shares

$319.0M · 3K shares

$318.0M · 4K shares

$317.0M · 9K shares

$317.0M · 2K shares

$316.0M · 9K shares

$316.0M · 3K shares

$311.0M · 3K shares

$311.0M · 31K shares

$308.0M · 5K shares

$301.0M · 590 shares

$291.0M · 2K shares

$285.0M · 4K shares

$282.0M · 2K shares

$282.0M · 5K shares

$275.0M · 21K shares

$273.0M · 19K shares

$273.0M · 6K shares

$272.0M · 6K shares

$270.0M · 1K shares

$267.0M · 840 shares

$264.0M · 912 shares

$262.0M · 1K shares

$260.0M · 694 shares

$258.0M · 3K shares

$258.0M · 2K shares

$258.0M · 3K shares

$256.0M · 8K shares

$256.0M · 819 shares

$252.0M · 6K shares

$252.0M · 2K shares

$251.0M · 6K shares

$250.0M · 3K shares

$247.0M · 3K shares

$246.0M · 3K shares

$241.0M · 5K shares

$239.0M · 3K shares

$237.0M · 255 shares

$236.0M · 4K shares

$235.0M · 9K shares

$234.0M · 5K shares

$232.0M · 12K shares

$231.0M · 5K shares

$230.0M · 10K shares

$229.0M · 3K shares

$228.0M · 746 shares

$226.0M · 22K shares

$225.0M · 9K shares

$223.0M · 4K shares

$223.0M · 4K shares

$223.0M · 984 shares

$221.0M · 3K shares

$220.0M · 484 shares

$219.0M · 11K shares

$218.0M · 7K shares

$218.0M · 3K shares

$215.0M · 2K shares

$215.0M · 2K shares

$215.0M · 5K shares

$212.0M · 915 shares

$212.0M · 10K shares

$212.0M · 3K shares

$211.0M · 8K shares

$210.0M · 3K shares

$209.0M · 2K shares

$208.0M · 11K shares

$208.0M · 4K shares

$208.0M · 9K shares

$205.0M · 4K shares

$204.0M · 418 shares

$201.0M · 7K shares

$200.0M · 8K shares

$175.0M · 12K shares

$155.0M · 11K shares

$97.0M · 14K shares

$89.0M · 20K shares

$58.0M · 12K shares

$46.0M · 10K shares

$21.0M · 11K shares

CLIR

$18.0M · 32K shares

Sector Breakdown

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