Highland Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Highland Capital Management, LLC reported 407 stock positions worth $2.0 billion. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Apple (AAPL, 5.4%) and Broadcom (AVGO, 3.7%). Compared with Q3 2025, it opened 50 new positions, sold out of 55, added to 43 and reduced 274. The biggest buy was Alphabet Class A (GOOGL, shares +18%) and the biggest sale Oracle (ORCL, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000860486
- Portfolio Value
- $2.0B (Q4 2025)
- SEC Filing
- 0000860486-26-000002 ↗ filed Feb 2, 2026
Holdings Value
Holdings 407 stocks · $2.0B
| MSFT Microsoft Corp. | 6.91% | 286,951 | $138.8M | Reduce -1.5% |
| AAPL Apple Inc. | 5.38% | 397,184 | $108.0M | Reduce -0.2% |
| AVGO Broadcom Inc. | 3.71% | 215,204 | $74.5M | Reduce -9.3% |
| NVDA Nvidia Corp. | 3.24% | 348,803 | $65.1M | Reduce -2.7% |
| IVV iShares Core S&P 500 ETF | 3.12% | 91,417 | $62.6M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 2.81% | 180,169 | $56.4M | Add +17.6% |
| JPM JPMorgan Chase & Co. | 2.51% | 156,407 | $50.4M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 2.34% | 203,882 | $47.1M | Reduce -2.3% |
| MU Micron Technology Inc. | 2.02% | 142,467 | $40.7M | Reduce -14.9% |
| IWF iShares Russell 1000 Growth | 1.77% | 74,911 | $35.5M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 1.73% | 110,920 | $34.8M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 1.71% | 39,791 | $34.3M | Add +18.6% |
| GS Goldman Sachs Group Inc. | 1.67% | 38,113 | $33.5M | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 1.48% | 45,121 | $29.8M | Reduce -5.6% |
| MRK Merck & Co. Inc. | 1.37% | 260,881 | $27.5M | Reduce -0.7% |
| C Citigroup Inc. | 1.26% | 217,753 | $25.4M | Add +6.2% |
| V Visa Inc. Class A | 1.13% | 64,936 | $22.8M | Add +35.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.03% | 230,838 | $20.7M | Reduce -0.6% |
| TMO Thermo Fisher Scientific Inc. | 0.98% | 34,139 | $19.8M | Reduce -2.0% |
| LOW Lowe's Cos Inc. | 0.97% | 80,847 | $19.5M | Reduce -1.7% |
| RTX RTX Corp. | 0.93% | 102,074 | $18.7M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.81% | 296,986 | $16.3M | Reduce -5.1% |
| NEM Newmont Corp. | 0.79% | 158,331 | $15.8M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 27,406 | $13.8M | Reduce -4.3% |
| FDX FedEx Corp. | 0.65% | 45,299 | $13.1M | Reduce -2.4% |
| JNJ Johnson & Johnson | 0.65% | 62,606 | $13.0M | Add +4.1% |
| TSLA Tesla Inc. | 0.64% | 28,665 | $12.9M | Add +79.4% |
| SPGI S&P Global Inc. | 0.64% | 24,599 | $12.9M | Reduce -1.8% |
| CSCO Cisco Systems Inc. | 0.62% | 162,802 | $12.5M | Reduce -3.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.62% | 26,493 | $12.4M | Reduce -1.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.60% | 43,143 | $12.0M | Reduce -0.5% |
| TTWO Take-Two Interactive Softwre | 0.60% | 46,724 | $12.0M | Add +0.1% |
| CARR Carrier Global Corp. | 0.58% | 221,614 | $11.7M | Reduce -1.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.58% | 34,621 | $11.6M | Reduce -1.0% |
| ABBV Abbvie Inc. | 0.57% | 50,496 | $11.5M | Add +22.8% |
| LLY Eli Lilly & Co. | 0.57% | 10,722 | $11.5M | Add +125.4% |
| CAT Caterpillar Inc. | 0.55% | 19,404 | $11.1M | Add +21.1% |
| PG The Procter & Gamble Co. | 0.55% | 76,654 | $11.0M | Reduce -3.2% |
| PEP Pepsico Inc. | 0.55% | 76,497 | $11.0M | Reduce -17.6% |
| WMT Walmart Inc. | 0.54% | 96,850 | $10.8M | Add +3.4% |
| AXP American Express Co. | 0.53% | 29,025 | $10.7M | Reduce -21.8% |
| BA The Boeing Co. | 0.53% | 49,432 | $10.7M | Reduce -9.0% |
| VONV Vanguard Russell 1000 Value | 0.53% | 115,860 | $10.7M | Add +0.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.53% | 50,315 | $10.7M | Reduce -0.4% |
| WM Waste Management Inc. | 0.51% | 47,072 | $10.3M | Add +5.3% |
| COP Conocophillips | 0.51% | 110,241 | $10.3M | Reduce -5.5% |
| QCOM Qualcomm Inc. | 0.51% | 59,708 | $10.2M | Reduce -13.5% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.48% | 31,665 | $9.6M | Reduce -0.1% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.46% | 51,824 | $9.2M | Reduce -0.9% |
| SYF Synchrony Financial | 0.46% | 110,133 | $9.2M | Reduce -3.0% |
| CMI Cummins Inc. | 0.45% | 17,694 | $9.0M | Reduce -4.5% |
| FHN First Horizon Corp. | 0.45% | 375,291 | $9.0M | Add +1.8% |
| PWR Quanta Services Inc. | 0.43% | 20,564 | $8.7M | Reduce -0.6% |
| UBER Uber Technologies Inc. | 0.41% | 101,943 | $8.3M | Reduce -25.7% |
| JLL Jones Lang Lasalle Inc. | 0.41% | 24,243 | $8.2M | Add +18.3% |
| ULTA Ulta Beauty Inc. | 0.40% | 13,397 | $8.1M | Reduce -2.1% |
| GPC Genuine Parts Co. | 0.40% | 65,717 | $8.1M | Add +127.7% |
| MCK McKesson Corp. | 0.40% | 9,801 | $8.0M | Reduce -5.1% |
| XOM Exxon Mobil Corp. | 0.40% | 66,091 | $8.0M | Reduce -0.2% |
| DHR Danaher Corp. | 0.38% | 33,716 | $7.7M | Reduce -2.7% |
| ROKU Roku Inc. | 0.38% | 70,499 | $7.6M | Reduce -12.0% |
| GE General Electric filed as GE AEROSPACE | 0.38% | 24,801 | $7.6M | Reduce -0.7% |
| CBOE Cboe Global Markets Inc. | 0.38% | 30,060 | $7.5M | Reduce -3.8% |
| IEMG iShares Core MSCI Emerging | 0.38% | 112,187 | $7.5M | Add +0.3% |
| GEV GE Vernova Inc. | 0.37% | 11,319 | $7.4M | Reduce -40.7% |
| DAL Delta Air Lines Inc. | 0.36% | 104,064 | $7.2M | Reduce -3.4% |
| MRVL Marvell Technology Inc. | 0.35% | 83,751 | $7.1M | Add +14.2% |
| GLW Corning Inc. | 0.35% | 81,218 | $7.1M | Reduce -5.0% |
| TOL Toll Brothers Inc. | 0.33% | 49,470 | $6.7M | Add +56.1% |
| ETN Eaton Corp. PLC | 0.33% | 20,679 | $6.6M | Reduce -15.0% |
| DVY iShares Select Dividend ETF | 0.33% | 46,653 | $6.6M | Reduce -1.5% |
| KO The Coca-Cola Co. | 0.32% | 92,617 | $6.5M | Add +10.6% |
| IWB iShares Russell 1000 ETF | 0.31% | 16,922 | $6.3M | Add +19.4% |
| MS Morgan Stanley | 0.30% | 34,410 | $6.1M | Reduce -4.5% |
| CVX Chevron Corp. | 0.30% | 39,045 | $6.0M | Reduce -4.8% |
| ABT Abbott Laboratories | 0.29% | 47,135 | $5.9M | Reduce -3.6% |
| T AT&T Inc. | 0.29% | 237,562 | $5.9M | Reduce -4.4% |
| AEP American Electric Power | 0.29% | 50,773 | $5.9M | Reduce -4.7% |
| EXP Eagle Materials Inc. | 0.28% | 27,500 | $5.7M | Reduce -4.5% |
| AIG American International Group | 0.28% | 65,207 | $5.6M | Reduce -4.5% |
| TKO Tko Group Holdings Inc. | 0.27% | 26,380 | $5.5M | Reduce -4.6% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 83,044 | $5.2M | No change |
| APO Apollo Global Management Inc. | 0.26% | 35,450 | $5.1M | New |
| NRG NRG Energy Inc. | 0.25% | 31,980 | $5.1M | Reduce -4.6% |
| MAR Marriott International Class A | 0.25% | 16,388 | $5.1M | Reduce -2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 44,549 | $5.1M | Reduce -5.0% |
| CI The Cigna Group | 0.25% | 18,365 | $5.1M | Add +36.3% |
| NSC Norfolk Southern Corp. | 0.25% | 17,309 | $5.0M | Reduce -4.3% |
| COLB Columbia Banking System Inc. | 0.25% | 178,344 | $5.0M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.25% | 8,690 | $5.0M | Add +798.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.25% | 128,907 | $4.9M | Reduce -22.8% |
| SBUX Starbucks Corp. | 0.25% | 58,538 | $4.9M | Reduce -4.4% |
| DUK Duke Energy Corp. | 0.24% | 41,880 | $4.9M | Reduce -4.2% |
| BSX Boston Scientific Corp. | 0.24% | 51,000 | $4.9M | Reduce -4.7% |
| COF Capital One Financial Corp. | 0.24% | 19,780 | $4.8M | Reduce -4.5% |
| ACN Accenture PLC Class A | 0.24% | 17,810 | $4.8M | Reduce -6.7% |
| NFLX Netflix Inc. | 0.24% | 50,535 | $4.7M | Reduce -34.0% |
| CASY Casey's General Stores Inc. | 0.23% | 8,460 | $4.7M | Reduce -4.5% |
| TPG TPG Inc. | 0.23% | 73,170 | $4.7M | Reduce -4.9% |
| NEE Nextera Energy Inc. | 0.23% | 58,177 | $4.7M | Reduce -4.6% |
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -68.0% | 0.21% | −0.75 |
| MSFT Microsoft Corp. | Reduce -1.5% | 6.91% | −0.61 |
| NKE Nike Inc. Class B | Reduce -75.8% | 0.08% | −0.29 |
| META Meta Platforms Inc. Class A | Reduce -5.6% | 1.48% | −0.27 |
| UBER Uber Technologies Inc. | Reduce -25.7% | 0.41% | −0.25 |
| TFC Truist Financial Corp. | Reduce -87.6% | 0.04% | −0.25 |
| NFLX Netflix Inc. | Reduce -34.0% | 0.24% | −0.22 |
| GEV GE Vernova Inc. | Reduce -40.7% | 0.37% | −0.22 |
| AVGO Broadcom Inc. | Reduce -9.3% | 3.71% | −0.19 |
| ZTS Zoetis Inc. | Reduce -48.2% | 0.13% | −0.16 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.15 |
| SONY Sony Group Corp. - SP ADR | Reduce -49.5% | 0.12% | −0.15 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.15 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.14 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -44.0% | 0.13% | −0.14 |
| BX Blackstone Inc. | Reduce -68.2% | 0.05% | −0.14 |
| ETN Eaton Corp. PLC | Reduce -15.0% | 0.33% | −0.13 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.12 |
| AZO AutoZone Inc. | Reduce -83.2% | 0.02% | −0.12 |
| NET Cloudflare Inc. Class A | Reduce -64.1% | 0.06% | −0.11 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.11 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.11 |
| UI Ubiquiti Inc. | Sold out | 0.00% | −0.11 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.11 |
| ADBE Adobe Inc. | Reduce -44.5% | 0.13% | −0.10 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.10 |
| PEP Pepsico Inc. | Reduce -17.6% | 0.55% | −0.10 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.10 |
| NVDA Nvidia Corp. | Reduce -2.7% | 3.24% | −0.09 |
| DELL Dell Technologies -C | Reduce -70.8% | 0.03% | −0.09 |
| CARR Carrier Global Corp. | Reduce -1.3% | 0.58% | −0.08 |
| AAON Aaon Inc. | Sold out | 0.00% | −0.08 |
| FRHC Freedom Holding Corp. | Sold out | 0.00% | −0.08 |
| AXP American Express Co. | Reduce -21.8% | 0.53% | −0.08 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.08 |
| SOFI Sofi Technologies Inc. | Reduce -79.2% | 0.02% | −0.07 |
| IT Gartner Inc. | Sold out | 0.00% | −0.07 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.07 |
| TJX TJX Companies Inc. | Reduce -67.6% | 0.04% | −0.07 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.07 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −0.07 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.07 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -13.5% | 0.51% | −0.06 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -3.2% | 0.55% | −0.06 |
| LOW Lowe's Cos Inc. | Reduce -1.7% | 0.97% | −0.06 |
| APLS Apellis Pharmaceuticals Inc. | Sold out | 0.00% | −0.06 |
| CPT Camden Property Trust | Reduce -42.2% | 0.08% | −0.06 |
| HOOD Robinhood Markets Inc. Class A | Reduce -43.8% | 0.04% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +17.6% | 2.81% | +0.95 |
| LLY Eli Lilly & Co. | Add +125.4% | 0.57% | +0.39 |
| V Visa Inc. Class A | Add +35.5% | 1.13% | +0.32 |
| TSLA Tesla Inc. | Add +79.4% | 0.64% | +0.29 |
| APO Apollo Global Management Inc. | New | 0.26% | +0.26 |
| C Citigroup Inc. | Add +6.2% | 1.26% | +0.23 |
| MA Mastercard Inc. Class A | Add +798.7% | 0.25% | +0.22 |
| GPC Genuine Parts Co. | Add +127.7% | 0.40% | +0.20 |
| CAT Caterpillar Inc. | Add +21.1% | 0.55% | +0.17 |
| APH Amphenol Corp. Class A | New | 0.16% | +0.16 |
| COST Costco Wholesale Corp. | Add +18.6% | 1.71% | +0.16 |
| KLAC KLA Corp. | New | 0.16% | +0.16 |
| AMT American Tower Corp. | New | 0.12% | +0.12 |
| COR Cencora Inc. | New | 0.12% | +0.12 |
| TOL Toll Brothers Inc. | Add +56.1% | 0.33% | +0.11 |
| LRCX Lam Research Corp. | Add +569.8% | 0.13% | +0.11 |
| AMAT Applied Materials Inc. | Add +195.5% | 0.15% | +0.11 |
| MNST Monster Beverage Corp. | New | 0.10% | +0.10 |
| EXPE Expedia Group Inc. | New | 0.10% | +0.10 |
| JLL Jones Lang Lasalle Inc. | Add +18.3% | 0.41% | +0.10 |
| ABBV Abbvie Inc. | Add +22.8% | 0.57% | +0.10 |
| TPR Tapestry Inc. | Add +604.8% | 0.11% | +0.10 |
| PSX Phillips 66 | New | 0.09% | +0.09 |
| JNJ Johnson & Johnson | Add +4.1% | 0.65% | +0.09 |
| NTNX Nutanix Inc. Class A | New | 0.09% | +0.09 |
| DECK Deckers Outdoor Corp. | New | 0.09% | +0.09 |
| CAH Cardinal Health Inc. | New | 0.09% | +0.09 |
| APP AppLovin Corp. Class A | New | 0.08% | +0.08 |
| INSM Insmed Inc. | New | 0.07% | +0.07 |
| LMT Lockheed Martin Corp. | Add +48.8% | 0.22% | +0.07 |
| AON Aon PLC Class A | New | 0.07% | +0.07 |
| MDB Mongodb Inc. | New | 0.06% | +0.06 |
| CI The Cigna Group | Add +36.3% | 0.25% | +0.06 |
| ASTS Ast Spacemobile Inc. | New | 0.06% | +0.06 |
| IWB iShares Russell 1000 ETF | Add +19.4% | 0.31% | +0.06 |
| WMT Walmart Inc. | Add +3.4% | 0.54% | +0.06 |
| MRVL Marvell Technology Inc. | Add +14.2% | 0.35% | +0.05 |
| XLV SS Health Care Select Sector | Add +32.5% | 0.15% | +0.05 |
| KO The Coca-Cola Co. | Add +10.6% | 0.32% | +0.05 |
| AMGN Amgen Inc. | New | 0.04% | +0.04 |
| VRT Vertiv Holdings Co. Class A | New | 0.03% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +41.6% | 0.10% | +0.03 |
| FHN First Horizon Corp. | Add +1.8% | 0.45% | +0.03 |
| SLVR Sprott SLVR Miner & PHY SLVR | New | 0.03% | +0.03 |
| COPX Global X Copper Miners ETF | New | 0.03% | +0.03 |
| COLB Columbia Banking System Inc. | Add +2.9% | 0.25% | +0.03 |
| WM Waste Management Inc. | Add +5.3% | 0.51% | +0.02 |
| AMKR Amkor Technology Inc. | New | 0.02% | +0.02 |
| CSTM Constellium SE | New | 0.02% | +0.02 |
| BRKR Bruker Corp. | New | 0.02% | +0.02 |
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 |