Highland Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Highland Capital Management, LLC reported 391 stock positions worth $1.7 billion. Its top holding was Microsoft (MSFT) at 6.5% of the portfolio, followed by Apple (AAPL, 5.3%) and iShares Core S&P 500 ETF (IVV, 3.1%). Compared with Q4 2024, it opened 58 new positions, sold out of 42, added to 117 and reduced 185. The biggest buy was Visa Class A (V, shares +16%) and the biggest sale Exxon Mobil (XOM, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000860486
- Portfolio Value
- $1.7B (Q1 2025)
- SEC Filing
- 0000860486-25-000004 ↗ filed Apr 24, 2025
Holdings Value
Holdings 391 stocks · $1.7B
| MSFT Microsoft Corp. | 6.47% | 288,455 | $108.3M | Add +0.4% |
| AAPL Apple Inc. | 5.25% | 395,708 | $87.9M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 3.09% | 92,056 | $51.7M | Reduce -0.8% |
| AVGO Broadcom Inc. | 2.58% | 257,393 | $43.1M | Add +5.6% |
| JPM JPMorgan Chase & Co. | 2.40% | 163,798 | $40.2M | Reduce -5.8% |
| NVDA Nvidia Corp. | 2.27% | 351,111 | $38.1M | Add +2.2% |
| COST Costco Wholesale Corp. | 2.26% | 40,047 | $37.9M | Add +6.1% |
| AMZN Amazon.com Inc. | 2.08% | 182,976 | $34.8M | Add +1.3% |
| META Meta Platforms Inc. Class A | 1.79% | 52,046 | $30.0M | Add +3.4% |
| IWF iShares Russell 1000 Growth | 1.67% | 77,276 | $27.9M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 1.61% | 174,519 | $27.0M | Add +4.2% |
| MRK Merck & Co. Inc. | 1.54% | 287,656 | $25.8M | Reduce -5.4% |
| V Visa Inc. Class A | 1.45% | 68,987 | $24.2M | Add +16.0% |
| GOOG Alphabet Inc. Class C | 1.43% | 153,375 | $24.0M | Add +0.1% |
| GS Goldman Sachs Group Inc. | 1.31% | 40,238 | $22.0M | Reduce -1.1% |
| LOW Lowe's Cos Inc. | 1.14% | 81,985 | $19.1M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.05% | 232,100 | $17.6M | Reduce -0.5% |
| TMO Thermo Fisher Scientific Inc. | 1.04% | 35,006 | $17.4M | Add +3.0% |
| MU Micron Technology Inc. | 0.94% | 181,705 | $15.8M | Reduce -5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 28,946 | $15.4M | Reduce -0.9% |
| C Citigroup Inc. | 0.87% | 205,819 | $14.6M | Add +4.5% |
| CARR Carrier Global Corp. | 0.85% | 224,492 | $14.2M | Reduce -0.8% |
| RTX RTX Corp. | 0.84% | 106,164 | $14.1M | Reduce -3.4% |
| CVX Chevron Corp. | 0.83% | 82,712 | $13.8M | Reduce -0.8% |
| PG The Procter & Gamble Co. | 0.82% | 80,309 | $13.7M | Reduce -32.9% |
| SPGI S&P Global Inc. | 0.75% | 24,720 | $12.6M | Add +0.7% |
| COP Conocophillips | 0.73% | 117,012 | $12.3M | Add +16.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.73% | 34,740 | $12.2M | Reduce -0.4% |
| UBER Uber Technologies Inc. | 0.72% | 166,407 | $12.1M | Reduce -8.5% |
| QCOM Qualcomm Inc. | 0.72% | 78,539 | $12.1M | Add +32.2% |
| PEP Pepsico Inc. | 0.71% | 79,290 | $11.9M | Reduce -13.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.71% | 284,642 | $11.9M | Reduce -1.0% |
| FDX FedEx Corp. | 0.68% | 46,900 | $11.4M | Reduce -0.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.64% | 43,829 | $10.7M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 0.64% | 172,340 | $10.6M | Reduce -2.1% |
| JNJ Johnson & Johnson | 0.60% | 60,525 | $10.0M | Reduce -26.2% |
| AXP American Express Co. | 0.59% | 36,855 | $9.9M | Add +19.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 35,894 | $9.9M | Add +1.0% |
| ABBV Abbvie Inc. | 0.59% | 46,853 | $9.8M | Add +6.3% |
| GEV GE Vernova Inc. | 0.58% | 31,738 | $9.7M | Reduce -3.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.58% | 51,916 | $9.7M | Reduce -4.6% |
| TTWO Take-Two Interactive Softwre | 0.58% | 46,658 | $9.7M | Reduce -0.4% |
| VONV Vanguard Russell 1000 Value | 0.57% | 115,657 | $9.5M | Reduce -1.5% |
| WMT Walmart Inc. | 0.53% | 101,786 | $8.9M | Reduce -4.7% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.51% | 53,107 | $8.5M | Reduce -3.5% |
| BA The Boeing Co. | 0.50% | 49,095 | $8.4M | Reduce -3.2% |
| XOM Exxon Mobil Corp. | 0.50% | 70,053 | $8.3M | Reduce -51.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.48% | 32,073 | $8.1M | Reduce -2.3% |
| TAP Molson Coors Beverage Co. Class B | 0.45% | 125,010 | $7.6M | Add +73.8% |
| LLY Eli Lilly & Co. | 0.45% | 9,050 | $7.5M | Reduce -4.1% |
| FHN First Horizon Corp. | 0.45% | 383,411 | $7.4M | Add +12.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.43% | 173,458 | $7.3M | Add +1.4% |
| CBOE Cboe Global Markets Inc. | 0.43% | 31,560 | $7.1M | Reduce -1.3% |
| T AT&T Inc. | 0.42% | 251,175 | $7.1M | Reduce -2.8% |
| DHR Danaher Corp. | 0.42% | 34,625 | $7.1M | Reduce -0.1% |
| TSLA Tesla Inc. | 0.42% | 27,307 | $7.1M | Reduce -20.4% |
| TFC Truist Financial Corp. | 0.41% | 167,853 | $6.9M | Reduce -1.2% |
| ABT Abbott Laboratories | 0.39% | 49,398 | $6.6M | Reduce -0.5% |
| DAL Delta Air Lines Inc. | 0.39% | 149,841 | $6.5M | Reduce -8.3% |
| NFLX Netflix Inc. | 0.39% | 6,961 | $6.5M | Reduce -1.9% |
| DVY iShares Select Dividend ETF | 0.39% | 48,320 | $6.5M | Add +0.5% |
| EXP Eagle Materials Inc. | 0.39% | 29,180 | $6.5M | Reduce -1.3% |
| LNG Cheniere Energy Inc. | 0.38% | 27,720 | $6.4M | Add +0.0% |
| MDLZ Mondelez International Inc. Class A | 0.38% | 93,397 | $6.3M | Reduce -3.8% |
| ZTS Zoetis Inc. | 0.37% | 37,629 | $6.2M | Reduce -2.9% |
| SYF Synchrony Financial | 0.36% | 114,958 | $6.1M | Reduce -2.9% |
| IEMG iShares Core MSCI Emerging | 0.36% | 112,342 | $6.1M | Reduce -2.8% |
| HD Home Depot Inc. | 0.36% | 16,528 | $6.1M | Add +13.1% |
| CAT Caterpillar Inc. | 0.36% | 18,268 | $6.0M | Add +10.1% |
| AIG American International Group | 0.36% | 69,131 | $6.0M | Reduce -1.4% |
| ETN Eaton Corp. PLC | 0.36% | 21,999 | $6.0M | Reduce -9.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.36% | 26,133 | $5.9M | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.35% | 82,818 | $5.9M | Add +1.0% |
| ORCL Oracle Corp. | 0.35% | 42,330 | $5.9M | Reduce -32.0% |
| SBUX Starbucks Corp. | 0.35% | 59,973 | $5.9M | Reduce -2.3% |
| AEP American Electric Power | 0.35% | 53,803 | $5.9M | Reduce -0.9% |
| CMI Cummins Inc. | 0.35% | 18,734 | $5.9M | Reduce -2.2% |
| CI The Cigna Group | 0.34% | 17,075 | $5.6M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.33% | 10,435 | $5.5M | Add +6.9% |
| BSX Boston Scientific Corp. | 0.33% | 53,980 | $5.4M | Reduce -1.3% |
| MS Morgan Stanley | 0.32% | 46,392 | $5.4M | Add +9.5% |
| DUK Duke Energy Corp. | 0.32% | 44,180 | $5.4M | Reduce -0.9% |
| ULTA Ulta Beauty Inc. | 0.31% | 14,243 | $5.2M | Reduce -21.1% |
| SONY Sony Group Corp. - SP ADR | 0.31% | 202,475 | $5.1M | Reduce -5.6% |
| JLL Jones Lang Lasalle Inc. | 0.31% | 20,712 | $5.1M | Add +4.1% |
| CASY Casey's General Stores Inc. | 0.31% | 11,800 | $5.1M | Reduce -1.0% |
| ADP Automatic Data Processing | 0.31% | 16,747 | $5.1M | Reduce -0.1% |
| NRG NRG Energy Inc. | 0.30% | 53,304 | $5.1M | Reduce -0.1% |
| MCK McKesson Corp. | 0.29% | 7,285 | $4.9M | Reduce -1.1% |
| PWR Quanta Services Inc. | 0.28% | 18,691 | $4.8M | New |
| ABNB Airbnb Inc. Class A | 0.28% | 39,492 | $4.7M | Add +48.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 47,361 | $4.7M | Reduce -2.9% |
| BLDR Builders Firstsource Inc. | 0.28% | 37,390 | $4.7M | Reduce -0.8% |
| CB Chubb Ltd. | 0.28% | 15,418 | $4.7M | Reduce -0.8% |
| MO Altria Group Inc. | 0.28% | 76,932 | $4.6M | Add +0.6% |
| MRVL Marvell Technology Inc. | 0.27% | 74,150 | $4.6M | Reduce -1.4% |
| KMB Kimberly-Clark Corp. | 0.27% | 31,758 | $4.5M | Reduce -1.3% |
| MDT Medtronic PLC | 0.26% | 48,868 | $4.4M | Reduce -3.2% |
| NEE Nextera Energy Inc. | 0.26% | 61,717 | $4.4M | Reduce -0.8% |
| NKE Nike Inc. Class B | 0.26% | 68,882 | $4.4M | Add +1.0% |
Portfolio Sells Q4 2024 → Q1 2025
| XOM Exxon Mobil Corp. | Reduce -51.4% | 0.50% | −0.39 |
| TSLA Tesla Inc. | Reduce -20.4% | 0.42% | −0.37 |
| PG The Procter & Gamble Co. | Reduce -32.9% | 0.82% | −0.33 |
| CMCSA Comcast Corp. Class A | Reduce -58.5% | 0.19% | −0.25 |
| ORCL Oracle Corp. | Reduce -32.0% | 0.35% | −0.24 |
| MRVL Marvell Technology Inc. | Reduce -1.4% | 0.27% | −0.20 |
| AMAT Applied Materials Inc. | Reduce -82.5% | 0.04% | −0.20 |
| MRK Merck & Co. Inc. | Reduce -5.4% | 1.54% | −0.19 |
| OLN Olin Corp. | Sold out | 0.00% | −0.18 |
| DAL Delta Air Lines Inc. | Reduce -8.3% | 0.39% | −0.17 |
| BX Blackstone Inc. | Reduce -68.2% | 0.06% | −0.16 |
| ALAB Astera Labs Inc. | Reduce -79.3% | 0.01% | −0.14 |
| ULTA Ulta Beauty Inc. | Reduce -21.1% | 0.31% | −0.14 |
| IWF iShares Russell 1000 Growth | Reduce -1.6% | 1.67% | −0.13 |
| VST Vistra Corp. | Sold out | 0.00% | −0.11 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -9.4% | 0.36% | −0.10 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -44.2% | 0.15% | −0.10 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.09 |
| ADBE Adobe Inc. | Reduce -24.8% | 0.19% | −0.09 |
| EME Emcor Group Inc. | Reduce -81.8% | 0.02% | −0.09 |
| PEP Pepsico Inc. | Reduce -13.3% | 0.71% | −0.08 |
| CRM Salesforce Inc. | Reduce -20.4% | 0.17% | −0.08 |
| JNJ Johnson & Johnson | Reduce -26.2% | 0.60% | −0.08 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.08 |
| SYF Synchrony Financial | Reduce -2.9% | 0.36% | −0.08 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.07 |
| FDX FedEx Corp. | Reduce -0.2% | 0.68% | −0.07 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.07 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.07 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.07 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.07 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.07 |
| TPG TPG Inc. | Reduce -19.5% | 0.12% | −0.07 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.06 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -2.3% | 0.48% | −0.04 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -4.6% | 0.58% | −0.04 |
| GEV GE Vernova Inc. | Reduce -3.1% | 0.58% | −0.04 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.04 |
| AAON Aaon Inc. | Sold out | 0.00% | −0.04 |
| CARR Carrier Global Corp. | Reduce -0.8% | 0.85% | −0.03 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.8% | 0.14% | −0.03 |
| MAR Marriott International Class A | Reduce -0.8% | 0.24% | −0.03 |
| DIS The Walt Disney Co. | Reduce -2.9% | 0.28% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 3.09% | −0.03 |
| TOL Toll Brothers Inc. | Reduce -0.9% | 0.20% | −0.03 |
| CMI Cummins Inc. | Reduce -2.2% | 0.35% | −0.03 |
| DHR Danaher Corp. | Reduce -0.1% | 0.42% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| V Visa Inc. Class A | Add +16.0% | 1.45% | +0.37 |
| COST Costco Wholesale Corp. | Add +6.1% | 2.26% | +0.29 |
| PWR Quanta Services Inc. | New | 0.28% | +0.28 |
| TKO Tko Group Holdings Inc. | New | 0.25% | +0.25 |
| CHTR Charter Communications Inc. Class A | New | 0.25% | +0.25 |
| OKE Oneok Inc. | New | 0.24% | +0.24 |
| COF Capital One Financial Corp. | New | 0.22% | +0.22 |
| TAP Molson Coors Beverage Co. Class B | Add +73.8% | 0.45% | +0.22 |
| QCOM Qualcomm Inc. | Add +32.2% | 0.72% | +0.20 |
| COP Conocophillips | Add +16.4% | 0.73% | +0.17 |
| NEM Newmont Corp. | Add +100.9% | 0.26% | +0.16 |
| VOO Vanguard S&P 500 ETF | Add +412.1% | 0.19% | +0.15 |
| ABBV Abbvie Inc. | Add +6.3% | 0.59% | +0.14 |
| GE General Electric | Add +127.2% | 0.18% | +0.12 |
| ROKU Roku Inc. | New | 0.11% | +0.11 |
| META Meta Platforms Inc. Class A | Add +3.4% | 1.79% | +0.11 |
| BROS Dutch Bros Inc. Class A | New | 0.10% | +0.10 |
| BRO Brown & Brown Inc. | New | 0.08% | +0.08 |
| PINS Pinterest Inc. Class A | New | 0.08% | +0.08 |
| RBLX Roblox Corp. Class A | New | 0.08% | +0.08 |
| ABNB Airbnb Inc. Class A | Add +48.7% | 0.28% | +0.08 |
| CACC Credit Acceptance Corp. | New | 0.08% | +0.08 |
| C Citigroup Inc. | Add +4.5% | 0.87% | +0.08 |
| NET Cloudflare Inc. Class A | Add +218.1% | 0.11% | +0.08 |
| DOCS Doximity Inc. Class A | New | 0.08% | +0.08 |
| SPOT Spotify Technology SA | Add +97.5% | 0.13% | +0.08 |
| LSCC Lattice Semiconductor Corp. | New | 0.08% | +0.08 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.08% | +0.08 |
| PANW Palo Alto Networks Inc. | New | 0.07% | +0.07 |
| EQH Equitable Holdings Inc. | New | 0.07% | +0.07 |
| LYV Live Nation Entertainment Inc. | New | 0.07% | +0.07 |
| DECK Deckers Outdoor Corp. | New | 0.07% | +0.07 |
| LBRDK Liberty Broadband-C | New | 0.07% | +0.07 |
| AXP American Express Co. | Add +19.0% | 0.59% | +0.07 |
| CI The Cigna Group | Add +0.2% | 0.34% | +0.07 |
| KO The Coca-Cola Co. | Add +1.0% | 0.35% | +0.06 |
| SOFI Sofi Technologies Inc. | New | 0.06% | +0.06 |
| GTES Gates Industrial Corp. UK Ltd. | New | 0.06% | +0.06 |
| SLB SLB Ltd. | Add +1.4% | 0.43% | +0.06 |
| CPT Camden Property Trust | Add +41.5% | 0.15% | +0.06 |
| FHN First Horizon Corp. | Add +12.9% | 0.45% | +0.05 |
| SPGI S&P Global Inc. | Add +0.7% | 0.75% | +0.05 |
| DB Deutsche Bank AG-Registered | Add +72.1% | 0.08% | +0.05 |
| WFC Wells Fargo & Co. | Add +56.8% | 0.12% | +0.05 |
| MO Altria Group Inc. | Add +0.6% | 0.28% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +6.9% | 0.33% | +0.04 |
| LNG Cheniere Energy Inc. | Add +0.0% | 0.38% | +0.04 |
| AMLP Alerian MLP ETF | Add +199.8% | 0.06% | +0.04 |
| STWD Starwood Property Trust Inc. | Add +68.2% | 0.09% | +0.04 |
| APP AppLovin Corp. Class A | Add +51.3% | 0.17% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 411 | $2.2B | MU, AAPL, MSFT, AVGO, NVDA |
| Q1 2026 | 416 | $1.9B | MSFT, AAPL, AVGO, NVDA, GOOGL |
| Q4 2025 | 407 | $2.0B | MSFT, AAPL, AVGO, NVDA, IVV |
| Q3 2025 | 412 | $2.0B | MSFT, AAPL, AVGO, NVDA, IVV |
| Q2 2025 | 403 | $1.8B | MSFT, AAPL, AVGO, IVV, NVDA |
| Q1 2025 | 391 | $1.7B | MSFT, AAPL, IVV, AVGO, JPM |
| Q4 2024 | 375 | $1.8B | MSFT, AAPL, AVGO, IVV, NVDA |
| Q3 2024 | 374 | $1.8B | MSFT, AAPL, IVV, AVGO, NVDA |
| Q2 2024 | 345 | $1.7B | MSFT, AAPL, IVV, AVGO, JPM |
| Q1 2024 | 342 | $1.7B | MSFT, AAPL, IVV, JPM, MRK |