Highland Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Highland Capital Management, LLC reported 403 stock positions worth $1.8 billion. Its top holding was Microsoft (MSFT) at 7.7% of the portfolio, followed by Apple (AAPL, 4.3%) and Broadcom (AVGO, 3.7%). Compared with Q1 2025, it opened 48 new positions, sold out of 36, added to 59 and reduced 238. The biggest buy was Newmont (NEM, shares +82%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000860486
- Portfolio Value
- $1.8B (Q2 2025)
- SEC Filing
- 0000860486-25-000005 ↗ filed Jul 22, 2025
Holdings Value
Holdings 403 stocks · $1.8B
| MSFT Microsoft Corp. | 7.70% | 286,240 | $142.4M | Reduce -0.8% |
| AAPL Apple Inc. | 4.32% | 389,388 | $79.9M | Reduce -1.6% |
| AVGO Broadcom Inc. | 3.66% | 245,273 | $67.6M | Reduce -4.7% |
| IVV iShares Core S&P 500 ETF | 3.11% | 92,503 | $57.4M | Add +0.5% |
| NVDA Nvidia Corp. | 2.98% | 349,037 | $55.1M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 2.54% | 161,814 | $46.9M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 2.18% | 183,587 | $40.3M | Add +0.3% |
| COST Costco Wholesale Corp. | 2.15% | 40,147 | $39.7M | Add +0.3% |
| META Meta Platforms Inc. Class A | 1.83% | 45,904 | $33.9M | Reduce -11.8% |
| IWF iShares Russell 1000 Growth | 1.74% | 75,590 | $32.1M | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 1.61% | 168,700 | $29.7M | Reduce -3.3% |
| GS Goldman Sachs Group Inc. | 1.43% | 37,365 | $26.4M | Reduce -7.1% |
| V Visa Inc. Class A | 1.31% | 68,474 | $24.3M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 1.27% | 297,656 | $23.6M | Add +3.5% |
| MU Micron Technology Inc. | 1.21% | 180,750 | $22.3M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 1.20% | 124,843 | $22.1M | Reduce -18.6% |
| IEFA iShares Core MSCI Eafe ETF | 1.05% | 231,822 | $19.4M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 0.99% | 82,168 | $18.2M | Add +0.2% |
| C Citigroup Inc. | 0.95% | 206,529 | $17.6M | Add +0.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.94% | 34,021 | $17.3M | Reduce -2.1% |
| CARR Carrier Global Corp. | 0.89% | 224,454 | $16.4M | Reduce -0.0% |
| RTX RTX Corp. | 0.83% | 105,330 | $15.4M | Reduce -0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.77% | 34,898 | $14.1M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.76% | 28,916 | $14.0M | Reduce -0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.73% | 283,460 | $13.4M | Reduce -0.4% |
| SPGI S&P Global Inc. | 0.71% | 24,840 | $13.1M | Add +0.5% |
| UBER Uber Technologies Inc. | 0.70% | 137,970 | $12.9M | Reduce -17.1% |
| PG The Procter & Gamble Co. | 0.69% | 79,940 | $12.7M | Reduce -0.5% |
| QCOM Qualcomm Inc. | 0.67% | 78,351 | $12.5M | Reduce -0.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.67% | 43,489 | $12.4M | Reduce -0.8% |
| GEV GE Vernova Inc. | 0.64% | 22,277 | $11.8M | Reduce -29.8% |
| AXP American Express Co. | 0.64% | 36,823 | $11.7M | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 0.63% | 169,092 | $11.7M | Reduce -1.9% |
| TTWO Take-Two Interactive Softwre | 0.62% | 46,835 | $11.4M | Add +0.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.58% | 35,381 | $10.8M | Reduce -1.4% |
| FDX FedEx Corp. | 0.57% | 46,631 | $10.6M | Reduce -0.6% |
| COP Conocophillips | 0.57% | 116,846 | $10.5M | Reduce -0.1% |
| BA The Boeing Co. | 0.57% | 49,869 | $10.4M | Add +1.6% |
| PEP Pepsico Inc. | 0.56% | 78,966 | $10.4M | Reduce -0.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.55% | 51,675 | $10.1M | Reduce -0.5% |
| VONV Vanguard Russell 1000 Value | 0.53% | 115,727 | $9.9M | Add +0.1% |
| NEM Newmont Corp. | 0.51% | 162,721 | $9.5M | Add +82.1% |
| ORCL Oracle Corp. | 0.50% | 42,300 | $9.2M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.50% | 60,456 | $9.2M | Reduce -0.1% |
| WMT Walmart Inc. | 0.50% | 94,319 | $9.2M | Reduce -7.3% |
| NFLX Netflix Inc. | 0.49% | 6,804 | $9.1M | Reduce -2.3% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.48% | 31,744 | $8.8M | Reduce -1.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.47% | 53,007 | $8.7M | Reduce -0.2% |
| ABBV Abbvie Inc. | 0.47% | 46,834 | $8.7M | Reduce -0.0% |
| ETN Eaton Corp. PLC | 0.42% | 21,979 | $7.8M | Reduce -0.1% |
| PWR Quanta Services Inc. | 0.42% | 20,605 | $7.8M | Add +10.2% |
| SYF Synchrony Financial | 0.41% | 114,218 | $7.6M | Reduce -0.6% |
| FHN First Horizon Corp. | 0.40% | 351,587 | $7.5M | Reduce -8.3% |
| NKE Nike Inc. Class B | 0.40% | 104,525 | $7.4M | Add +51.8% |
| CBOE Cboe Global Markets Inc. | 0.40% | 31,520 | $7.4M | Reduce -0.1% |
| T AT&T Inc. | 0.39% | 251,035 | $7.3M | Reduce -0.1% |
| DAL Delta Air Lines Inc. | 0.39% | 146,656 | $7.2M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 0.39% | 66,492 | $7.2M | Reduce -5.1% |
| TSLA Tesla Inc. | 0.39% | 22,531 | $7.2M | Reduce -17.5% |
| TFC Truist Financial Corp. | 0.39% | 165,569 | $7.1M | Reduce -1.4% |
| MCK McKesson Corp. | 0.38% | 9,627 | $7.1M | Add +32.1% |
| HLT Hilton Worldwide Holdings Inc. | 0.38% | 26,113 | $7.0M | Reduce -0.1% |
| TKO Tko Group Holdings Inc. | 0.37% | 37,877 | $6.9M | Add +35.8% |
| DHR Danaher Corp. | 0.36% | 34,163 | $6.7M | Reduce -1.3% |
| LNG Cheniere Energy Inc. | 0.36% | 27,712 | $6.7M | Reduce -0.0% |
| ABT Abbott Laboratories | 0.36% | 49,348 | $6.7M | Reduce -0.1% |
| IEMG iShares Core MSCI Emerging | 0.36% | 111,300 | $6.7M | Reduce -0.9% |
| ULTA Ulta Beauty Inc. | 0.35% | 13,866 | $6.5M | Reduce -2.6% |
| DVY iShares Select Dividend ETF | 0.34% | 47,600 | $6.3M | Reduce -1.5% |
| CAT Caterpillar Inc. | 0.34% | 16,208 | $6.3M | Reduce -11.3% |
| ZTS Zoetis Inc. | 0.33% | 39,635 | $6.2M | Add +5.3% |
| LLY Eli Lilly & Co. | 0.33% | 7,906 | $6.2M | Reduce -12.6% |
| CMI Cummins Inc. | 0.33% | 18,684 | $6.1M | Reduce -0.3% |
| MDLZ Mondelez International Inc. Class A | 0.33% | 89,911 | $6.1M | Reduce -3.7% |
| KO The Coca-Cola Co. | 0.32% | 84,866 | $6.0M | Add +2.5% |
| CVX Chevron Corp. | 0.32% | 41,784 | $6.0M | Reduce -49.5% |
| MA Mastercard Inc. Class A | 0.32% | 10,537 | $5.9M | Add +132.3% |
| AIG American International Group | 0.32% | 69,051 | $5.9M | Reduce -0.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.32% | 174,808 | $5.9M | Add +0.8% |
| EXP Eagle Materials Inc. | 0.32% | 29,160 | $5.9M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 47,301 | $5.9M | Reduce -0.1% |
| NRG NRG Energy Inc. | 0.32% | 36,434 | $5.9M | Reduce -31.6% |
| BSX Boston Scientific Corp. | 0.31% | 54,050 | $5.8M | Add +0.1% |
| ROKU Roku Inc. | 0.31% | 65,770 | $5.8M | Add +153.2% |
| MRVL Marvell Technology Inc. | 0.31% | 74,060 | $5.7M | Reduce -0.1% |
| CI The Cigna Group | 0.30% | 17,029 | $5.6M | Reduce -0.3% |
| SBUX Starbucks Corp. | 0.30% | 61,203 | $5.6M | Add +2.0% |
| AEP American Electric Power | 0.30% | 53,803 | $5.6M | No change |
| JLL Jones Lang Lasalle Inc. | 0.29% | 20,660 | $5.3M | Reduce -0.3% |
| DUK Duke Energy Corp. | 0.28% | 44,150 | $5.2M | Reduce -0.1% |
| ADP Automatic Data Processing | 0.28% | 16,747 | $5.2M | No change |
| MS Morgan Stanley | 0.28% | 36,370 | $5.1M | Reduce -21.6% |
| SONY Sony Group Corp. - SP ADR | 0.28% | 195,425 | $5.1M | Reduce -3.5% |
| HD Home Depot Inc. | 0.27% | 13,423 | $4.9M | Reduce -18.8% |
| IWB iShares Russell 1000 ETF | 0.26% | 14,021 | $4.8M | Add +0.3% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 82,589 | $4.7M | Add +0.3% |
| NSC Norfolk Southern Corp. | 0.25% | 18,214 | $4.7M | Add +0.1% |
| MAR Marriott International Class A | 0.25% | 16,923 | $4.6M | Reduce -0.1% |
| SAP Sap SE-Sponsored ADR | 0.25% | 15,135 | $4.6M | Reduce -2.6% |
| CHTR Charter Communications Inc. Class A | 0.25% | 11,230 | $4.6M | Reduce -0.2% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.6% | 4.32% | −0.93 |
| CVX Chevron Corp. | Reduce -49.5% | 0.32% | −0.50 |
| TAP Molson Coors Beverage Co. Class B | Reduce -49.7% | 0.16% | −0.29 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.77% | −0.28 |
| GOOG Alphabet Inc. Class C | Reduce -18.6% | 1.20% | −0.23 |
| DELL Dell Technologies -C | Reduce -88.1% | 0.03% | −0.20 |
| COP Conocophillips | Reduce -0.1% | 0.57% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.76% | −0.16 |
| PEP Pepsico Inc. | Reduce -0.4% | 0.56% | −0.15 |
| V Visa Inc. Class A | Reduce -0.7% | 1.31% | −0.13 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 0.69% | −0.13 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.13 |
| ABBV Abbvie Inc. | Reduce -0.0% | 0.47% | −0.12 |
| LLY Eli Lilly & Co. | Reduce -12.6% | 0.33% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -5.1% | 0.39% | −0.11 |
| FDX FedEx Corp. | Reduce -0.6% | 0.57% | −0.11 |
| HON Honeywell International Inc. | Reduce -85.7% | 0.02% | −0.10 |
| ABNB Airbnb Inc. Class A | Reduce -37.2% | 0.18% | −0.10 |
| JNJ Johnson & Johnson | Reduce -0.1% | 0.50% | −0.10 |
| HD Home Depot Inc. | Reduce -18.8% | 0.27% | −0.10 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.09 |
| BROS Dutch Bros Inc. Class A | Reduce -87.3% | 0.01% | −0.09 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.08 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.08 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.08 |
| CACC Credit Acceptance Corp. | Sold out | 0.00% | −0.08 |
| DOCS Doximity Inc. Class A | Sold out | 0.00% | −0.08 |
| LSCC Lattice Semiconductor Corp. | Sold out | 0.00% | −0.08 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.07 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.07 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −0.07 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.07 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −0.07 |
| EXP Eagle Materials Inc. | Reduce -0.1% | 0.32% | −0.07 |
| MCD McDonald's Corp. | Reduce -38.7% | 0.07% | −0.07 |
| OKE Oneok Inc. | Reduce -2.1% | 0.18% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -25.2% | 0.12% | −0.06 |
| APP AppLovin Corp. Class A | Reduce -47.8% | 0.10% | −0.06 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.06 |
| CASY Casey's General Stores Inc. | Reduce -24.2% | 0.25% | −0.06 |
| DHR Danaher Corp. | Reduce -1.3% | 0.36% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.7% | 0.33% | −0.05 |
| CRM Salesforce Inc. | Reduce -24.6% | 0.11% | −0.05 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.05 |
| SOFI Sofi Technologies Inc. | Reduce -83.2% | 0.01% | −0.05 |
| MS Morgan Stanley | Reduce -21.6% | 0.28% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -0.2% | 0.67% | −0.05 |
| DVY iShares Select Dividend ETF | Reduce -1.5% | 0.34% | −0.05 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.04 |
| BLDR Builders Firstsource Inc. | Reduce -0.1% | 0.24% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| NEM Newmont Corp. | Add +82.1% | 0.51% | +0.25 |
| ZM Zoom Communications Inc. | New | 0.21% | +0.21 |
| ROKU Roku Inc. | Add +153.2% | 0.31% | +0.20 |
| INTU Intuit Inc. | New | 0.19% | +0.19 |
| MA Mastercard Inc. Class A | Add +132.3% | 0.32% | +0.17 |
| BF.B Brown-Forman Corp. Class B | New | 0.17% | +0.17 |
| BKNG Booking Holdings Inc. | New | 0.17% | +0.17 |
| NKE Nike Inc. Class B | Add +51.8% | 0.40% | +0.14 |
| PWR Quanta Services Inc. | Add +10.2% | 0.42% | +0.14 |
| AXON Axon Enterprise Inc. | New | 0.12% | +0.12 |
| AMT American Tower Corp. | New | 0.12% | +0.12 |
| TKO Tko Group Holdings Inc. | Add +35.8% | 0.37% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | Add +44.9% | 0.19% | +0.10 |
| AMZN Amazon.com Inc. | Add +0.3% | 2.18% | +0.10 |
| UPS United Parcel Service Class B | Add +108.4% | 0.23% | +0.10 |
| CELH Celsius Holdings Inc. | New | 0.09% | +0.09 |
| MCK McKesson Corp. | Add +32.1% | 0.38% | +0.09 |
| CAH Cardinal Health Inc. | New | 0.09% | +0.09 |
| HEI Heico Corp. | New | 0.08% | +0.08 |
| EXEL Exelixis Inc. | New | 0.08% | +0.08 |
| FWONK Liberty Media Corp. Class C | New | 0.08% | +0.08 |
| PODD Insulet Corp. | New | 0.08% | +0.08 |
| HLI Houlihan Lokey Inc. | New | 0.08% | +0.08 |
| C Citigroup Inc. | Add +0.3% | 0.95% | +0.08 |
| LPX Louisiana-Pacific Corp. | New | 0.07% | +0.07 |
| NET Cloudflare Inc. Class A | Add +3.1% | 0.18% | +0.07 |
| DUOL Duolingo | New | 0.07% | +0.07 |
| TW Tradeweb Markets Inc. Class A | New | 0.07% | +0.07 |
| BA The Boeing Co. | Add +1.6% | 0.57% | +0.06 |
| SPG Simon Property Group Inc. | New | 0.06% | +0.06 |
| NOW ServiceNow Inc. | Add +28.9% | 0.17% | +0.06 |
| ET Energy Transfer LP | New | 0.05% | +0.05 |
| TKR Timken Co. | Add +39.7% | 0.23% | +0.05 |
| JEPI JPMorgan Equity Premium Inco | New | 0.04% | +0.04 |
| RDDT Reddit Inc. Class A | New | 0.04% | +0.04 |
| AB Alliancebernstein Holding LP | Add +112.5% | 0.08% | +0.04 |
| BTI British American Tob-SP ADR | New | 0.04% | +0.04 |
| KKR KKR & Co. Inc. | Add +41.9% | 0.12% | +0.04 |
| TTWO Take-Two Interactive Softwre | Add +0.4% | 0.62% | +0.04 |
| ZBRA Zebra Technologies Corp. Class A | Add +50.8% | 0.11% | +0.04 |
| CVI CVR Energy Inc. | New | 0.02% | +0.02 |
| COF Capital One Financial Corp. | Add +0.2% | 0.24% | +0.02 |
| MKTX Marketaxess Holdings Inc. | New | 0.02% | +0.02 |
| OC Owens Corning | New | 0.02% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +0.5% | 3.11% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | New | 0.01% | +0.01 |
| TPH Tri Pointe Homes Inc. | New | 0.01% | +0.01 |
| ACI Albertsons Cos Inc. Class A | New | 0.01% | +0.01 |
| HOOD Robinhood Markets Inc. Class A | New | 0.01% | +0.01 |
| TOST Toast Inc. Class A | New | 0.01% | +0.01 |
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 |