Highland Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Highland Capital Management, LLC reported 412 stock positions worth $2.0 billion. Its top holding was Microsoft (MSFT) at 7.5% of the portfolio, followed by Apple (AAPL, 5.0%) and Broadcom (AVGO, 3.9%). Compared with Q2 2025, it opened 53 new positions, sold out of 44, added to 98 and reduced 210. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Costco Wholesale (COST, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000860486
- Portfolio Value
- $2.0B (Q3 2025)
- SEC Filing
- 0000860486-25-000008 ↗ filed Oct 16, 2025
Holdings Value
Holdings 412 stocks · $2.0B
| MSFT Microsoft Corp. | 7.52% | 291,361 | $150.9M | Add +1.8% |
| AAPL Apple Inc. | 5.05% | 397,834 | $101.3M | Add +2.2% |
| AVGO Broadcom Inc. | 3.90% | 237,380 | $78.3M | Reduce -3.2% |
| NVDA Nvidia Corp. | 3.33% | 358,613 | $66.9M | Add +2.7% |
| IVV iShares Core S&P 500 ETF | 3.08% | 92,498 | $61.9M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 2.50% | 159,400 | $50.3M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 2.28% | 208,687 | $45.8M | Add +13.7% |
| GOOGL Alphabet Inc. Class A | 1.85% | 153,168 | $37.2M | Reduce -9.2% |
| IWF iShares Russell 1000 Growth | 1.76% | 75,526 | $35.4M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 1.75% | 47,782 | $35.1M | Add +4.1% |
| GS Goldman Sachs Group Inc. | 1.55% | 39,034 | $31.1M | Add +4.5% |
| COST Costco Wholesale Corp. | 1.55% | 33,563 | $31.1M | Reduce -16.4% |
| MU Micron Technology Inc. | 1.40% | 167,423 | $28.0M | Reduce -7.4% |
| GOOG Alphabet Inc. Class C | 1.35% | 110,938 | $27.0M | Reduce -11.1% |
| MRK Merck & Co. Inc. | 1.10% | 262,808 | $22.1M | Reduce -11.7% |
| C Citigroup Inc. | 1.04% | 204,989 | $20.8M | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 1.03% | 82,212 | $20.7M | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.01% | 232,242 | $20.3M | Add +0.2% |
| ORCL Oracle Corp. | 0.96% | 68,563 | $19.3M | Add +62.1% |
| RTX RTX Corp. | 0.87% | 104,609 | $17.5M | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.84% | 34,825 | $16.9M | Reduce -0.2% |
| V Visa Inc. Class A | 0.81% | 47,929 | $16.4M | Reduce -30.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.80% | 312,996 | $16.1M | Add +10.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 28,646 | $14.4M | Reduce -0.9% |
| NEM Newmont Corp. | 0.68% | 161,978 | $13.7M | Reduce -0.5% |
| UBER Uber Technologies Inc. | 0.67% | 137,203 | $13.4M | Reduce -0.6% |
| CARR Carrier Global Corp. | 0.67% | 224,450 | $13.4M | Reduce 0.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.65% | 26,789 | $13.1M | Reduce -21.3% |
| PEP Pepsico Inc. | 0.65% | 92,775 | $13.0M | Add +17.5% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.63% | 43,360 | $12.7M | Reduce -0.3% |
| AXP American Express Co. | 0.61% | 37,125 | $12.3M | Add +0.8% |
| SPGI S&P Global Inc. | 0.61% | 25,046 | $12.2M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.61% | 79,183 | $12.2M | Reduce -0.9% |
| TTWO Take-Two Interactive Softwre | 0.60% | 46,665 | $12.1M | Reduce -0.4% |
| GEV GE Vernova Inc. | 0.58% | 19,082 | $11.7M | Reduce -14.3% |
| BA The Boeing Co. | 0.58% | 54,322 | $11.7M | Add +8.9% |
| QCOM Qualcomm Inc. | 0.57% | 69,052 | $11.5M | Reduce -11.9% |
| CSCO Cisco Systems Inc. | 0.57% | 167,797 | $11.5M | Reduce -0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.57% | 34,976 | $11.5M | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.56% | 60,141 | $11.2M | Reduce -0.5% |
| COP Conocophillips | 0.55% | 116,618 | $11.0M | Reduce -0.2% |
| FDX FedEx Corp. | 0.55% | 46,426 | $10.9M | Reduce -0.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.53% | 50,513 | $10.5M | Reduce -2.3% |
| VONV Vanguard Russell 1000 Value | 0.52% | 115,804 | $10.3M | Add +0.1% |
| WM Waste Management Inc. | 0.49% | 44,686 | $9.9M | New |
| WMT Walmart Inc. | 0.48% | 93,670 | $9.7M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.47% | 41,131 | $9.5M | Reduce -12.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.47% | 31,683 | $9.4M | Reduce -0.2% |
| NFLX Netflix Inc. | 0.46% | 7,657 | $9.2M | Add +12.5% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.45% | 52,313 | $9.1M | Reduce -1.3% |
| ETN Eaton Corp. PLC | 0.45% | 24,329 | $9.1M | Add +10.7% |
| PWR Quanta Services Inc. | 0.43% | 20,680 | $8.6M | Add +0.4% |
| FHN First Horizon Corp. | 0.41% | 368,521 | $8.3M | Add +4.8% |
| SYF Synchrony Financial | 0.40% | 113,498 | $8.1M | Reduce -0.6% |
| ROKU Roku Inc. | 0.40% | 80,101 | $8.0M | Add +21.8% |
| MCK McKesson Corp. | 0.40% | 10,332 | $8.0M | Add +7.3% |
| CMI Cummins Inc. | 0.39% | 18,534 | $7.8M | Reduce -0.8% |
| CBOE Cboe Global Markets Inc. | 0.38% | 31,260 | $7.7M | Reduce -0.8% |
| CAT Caterpillar Inc. | 0.38% | 16,028 | $7.6M | Reduce -1.1% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 24,980 | $7.5M | Add +63.8% |
| ULTA Ulta Beauty Inc. | 0.37% | 13,685 | $7.5M | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 0.37% | 66,225 | $7.5M | Reduce -0.4% |
| NKE Nike Inc. Class B | 0.37% | 106,328 | $7.4M | Add +1.7% |
| IEMG iShares Core MSCI Emerging | 0.37% | 111,834 | $7.4M | Add +0.5% |
| TSLA Tesla Inc. | 0.35% | 15,980 | $7.1M | Reduce -29.1% |
| T AT&T Inc. | 0.35% | 248,530 | $7.0M | Reduce -1.0% |
| GLW Corning Inc. | 0.35% | 85,493 | $7.0M | Reduce -1.0% |
| DHR Danaher Corp. | 0.34% | 34,666 | $6.9M | Add +1.5% |
| DVY iShares Select Dividend ETF | 0.34% | 47,353 | $6.7M | Reduce -0.5% |
| EXP Eagle Materials Inc. | 0.33% | 28,810 | $6.7M | Reduce -1.2% |
| ABT Abbott Laboratories | 0.33% | 48,878 | $6.5M | Reduce -0.9% |
| CVX Chevron Corp. | 0.32% | 41,008 | $6.4M | Reduce -1.9% |
| MRVL Marvell Technology Inc. | 0.31% | 73,330 | $6.2M | Reduce -1.0% |
| DAL Delta Air Lines Inc. | 0.30% | 107,740 | $6.1M | Reduce -26.5% |
| JLL Jones Lang Lasalle Inc. | 0.30% | 20,498 | $6.1M | Reduce -0.8% |
| AEP American Electric Power | 0.30% | 53,263 | $6.0M | Reduce -1.0% |
| TFC Truist Financial Corp. | 0.29% | 127,328 | $5.8M | Reduce -23.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.29% | 166,955 | $5.7M | Reduce -4.5% |
| MS Morgan Stanley | 0.29% | 36,020 | $5.7M | Reduce -1.0% |
| ZTS Zoetis Inc. | 0.28% | 38,842 | $5.7M | Reduce -2.0% |
| TKO Tko Group Holdings Inc. | 0.28% | 27,640 | $5.6M | Reduce -27.0% |
| KO The Coca-Cola Co. | 0.28% | 83,727 | $5.6M | Reduce -1.3% |
| MDLZ Mondelez International Inc. Class A | 0.28% | 88,571 | $5.5M | Reduce -1.5% |
| NSC Norfolk Southern Corp. | 0.27% | 18,084 | $5.4M | Reduce -0.7% |
| SONY Sony Group Corp. - SP ADR | 0.27% | 188,675 | $5.4M | Reduce -3.5% |
| NRG NRG Energy Inc. | 0.27% | 33,520 | $5.4M | Reduce -8.0% |
| DUK Duke Energy Corp. | 0.27% | 43,700 | $5.4M | Reduce -1.0% |
| RCL Royal Caribbean Cruises Ltd. | 0.27% | 16,649 | $5.4M | Add +63.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 46,895 | $5.4M | Reduce -0.9% |
| AIG American International Group | 0.27% | 68,307 | $5.4M | Reduce -1.1% |
| BSX Boston Scientific Corp. | 0.26% | 53,490 | $5.2M | Reduce -1.0% |
| SBUX Starbucks Corp. | 0.26% | 61,257 | $5.2M | Add +0.1% |
| IWB iShares Russell 1000 ETF | 0.26% | 14,169 | $5.2M | Add +1.1% |
| LNG Cheniere Energy Inc. | 0.26% | 21,930 | $5.2M | Reduce -20.9% |
| PLTR Palantir Technologies Inc. Class A | 0.26% | 28,137 | $5.1M | Add +7.9% |
| MO Altria Group Inc. | 0.25% | 76,188 | $5.0M | Reduce -0.9% |
| CASY Casey's General Stores Inc. | 0.25% | 8,860 | $5.0M | Reduce -0.9% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 83,044 | $5.0M | Add +0.6% |
| ADP Automatic Data Processing | 0.24% | 16,677 | $4.9M | Reduce -0.4% |
| ACN Accenture PLC Class A | 0.23% | 19,088 | $4.7M | Add +393.5% |
Portfolio Sells Q2 2025 → Q3 2025
| COST Costco Wholesale Corp. | Reduce -16.4% | 1.55% | −0.60 |
| V Visa Inc. Class A | Reduce -30.0% | 0.81% | −0.50 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.38 |
| MA Mastercard Inc. Class A | Reduce -90.8% | 0.03% | −0.29 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -21.3% | 0.65% | −0.28 |
| CARR Carrier Global Corp. | Reduce 0.0% | 0.67% | −0.22 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.19 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.19 |
| MRK Merck & Co. Inc. | Reduce -11.7% | 1.10% | −0.18 |
| LLY Eli Lilly & Co. | Reduce -39.8% | 0.18% | −0.15 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.12 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.12 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.11 |
| CI The Cigna Group | Reduce -20.9% | 0.19% | −0.11 |
| LNG Cheniere Energy Inc. | Reduce -20.9% | 0.26% | −0.11 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.10 |
| QCOM Qualcomm Inc. | Reduce -11.9% | 0.57% | −0.10 |
| HD Home Depot Inc. | Reduce -38.4% | 0.17% | −0.10 |
| CHTR Charter Communications Inc. Class A | Reduce -0.5% | 0.15% | −0.10 |
| TFC Truist Financial Corp. | Reduce -23.1% | 0.29% | −0.10 |
| TKO Tko Group Holdings Inc. | Reduce -27.0% | 0.28% | −0.09 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.09 |
| NOW ServiceNow Inc. | Reduce -39.2% | 0.09% | −0.09 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.09 |
| DAL Delta Air Lines Inc. | Reduce -26.5% | 0.30% | −0.09 |
| HEI Heico Corp. | Sold out | 0.00% | −0.08 |
| EXEL Exelixis Inc. | Sold out | 0.00% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -0.9% | 0.61% | −0.08 |
| FWONK Liberty Media Corp. Class C | Sold out | 0.00% | −0.08 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.08 |
| LPX Louisiana-Pacific Corp. | Sold out | 0.00% | −0.07 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −0.07 |
| LYB Lyondellbasell Indu Class A | Reduce -23.8% | 0.11% | −0.07 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.07 |
| DUOL Duolingo | Sold out | 0.00% | −0.07 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.07 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -0.8% | 0.57% | −0.06 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.06 |
| UPS United Parcel Service Class B | Reduce -1.7% | 0.17% | −0.06 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -1.0% | 0.26% | −0.05 |
| GEV GE Vernova Inc. | Reduce -14.3% | 0.58% | −0.05 |
| AIG American International Group | Reduce -1.1% | 0.27% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.5% | 0.28% | −0.05 |
| ZTS Zoetis Inc. | Reduce -2.0% | 0.28% | −0.05 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.05 |
| DIS The Walt Disney Co. | Reduce -0.9% | 0.27% | −0.05 |
| KO The Coca-Cola Co. | Reduce -1.3% | 0.28% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -22.4% | 0.18% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +2.2% | 5.05% | +0.72 |
| WM Waste Management Inc. | New | 0.49% | +0.49 |
| ORCL Oracle Corp. | Add +62.1% | 0.96% | +0.46 |
| NVDA Nvidia Corp. | Add +2.7% | 3.33% | +0.35 |
| COLB Columbia Banking System Inc. | New | 0.22% | +0.22 |
| ACN Accenture PLC Class A | Add +393.5% | 0.23% | +0.17 |
| GE General Electric | Add +63.8% | 0.37% | +0.16 |
| AMD Advanced Micro Devices | Add +1154.8% | 0.16% | +0.14 |
| BX Blackstone Inc. | Add +214.2% | 0.19% | +0.13 |
| DASH DoorDash Inc. Class A | New | 0.12% | +0.12 |
| GS Goldman Sachs Group Inc. | Add +4.5% | 1.55% | +0.12 |
| LITE Lumentum Holdings Inc. | New | 0.12% | +0.12 |
| ORLY O'reilly Automotive Inc. | New | 0.11% | +0.11 |
| AZO AutoZone Inc. | Add +461.6% | 0.13% | +0.11 |
| TJX TJX Companies Inc. | New | 0.11% | +0.11 |
| SNOW Snowflake Inc. | New | 0.11% | +0.11 |
| UI Ubiquiti Inc. | New | 0.11% | +0.11 |
| SYK Stryker Corp. | New | 0.11% | +0.11 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.10% | +0.10 |
| AMZN Amazon.com Inc. | Add +13.7% | 2.28% | +0.10 |
| TPG TPG Inc. | Add +86.4% | 0.22% | +0.10 |
| ALAB Astera Labs Inc. | Add +199.6% | 0.12% | +0.10 |
| RCL Royal Caribbean Cruises Ltd. | Add +63.7% | 0.27% | +0.10 |
| GILD Gilead Sciences Inc. | New | 0.09% | +0.09 |
| HOOD Robinhood Markets Inc. Class A | Add +426.4% | 0.10% | +0.09 |
| ROKU Roku Inc. | Add +21.8% | 0.40% | +0.09 |
| DELL Dell Technologies -C | Add +235.8% | 0.12% | +0.09 |
| PEP Pepsico Inc. | Add +17.5% | 0.65% | +0.09 |
| IBKR Interactive Brokers Gro Class A | New | 0.08% | +0.08 |
| BNY Bank of New York Mellon Corp. | New | 0.08% | +0.08 |
| AAON Aaon Inc. | New | 0.08% | +0.08 |
| HCA HCA Healthcare Inc. | New | 0.08% | +0.08 |
| FRHC Freedom Holding Corp. | New | 0.08% | +0.08 |
| SOFI Sofi Technologies Inc. | Add +385.3% | 0.09% | +0.08 |
| BAC Bank of America Corp. | Add +10.4% | 0.80% | +0.08 |
| DDOG Datadog Inc. Class A | New | 0.08% | +0.08 |
| IT Gartner Inc. | New | 0.07% | +0.07 |
| OKTA Okta Inc. | New | 0.07% | +0.07 |
| SPOT Spotify Technology SA | New | 0.07% | +0.07 |
| APPF Appfolio Inc. Class A | New | 0.07% | +0.07 |
| GTLB Gitlab Inc. Class A | New | 0.07% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +7.9% | 0.26% | +0.06 |
| DOCU Docusign Inc. | New | 0.06% | +0.06 |
| DKNG Draftkings Inc. Class A | New | 0.06% | +0.06 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.06% | +0.06 |
| PANW Palo Alto Networks Inc. | New | 0.05% | +0.05 |
| MCD McDonald's Corp. | Add +70.5% | 0.12% | +0.05 |
| LOW Lowe's Cos Inc. | Add +0.1% | 1.03% | +0.04 |
| ADBE Adobe Inc. | Add +45.0% | 0.23% | +0.04 |
| B Barrick Mining Corp. | Add +4.7% | 0.12% | +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 |