Nexpoint Asset Management, L.P.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Nexpoint Asset Management, L.P. reported 77 stock positions worth $642.8 million. Its top holding was Nexpoint Real Estate Finance (NREF) at 19.2% of the portfolio, followed by Tricon Residential (TCN, 8.0%) and M D C (5.8%). Compared with Q4 2023, it opened 39 new positions, sold out of 21, added to 7 and reduced 1. The biggest buy was a new position in Tricon Residential (TCN) and the biggest sale an exit from Spirit Realty Capital (SRC).
- Most Recent 13F
- Q2 2026
- Location
- Dallas, TX
- CIK
- 0001469877
- Portfolio Value
- $642.8M (Q1 2024)
- SEC Filing
- 0001172661-24-002478 ↗ filed May 15, 2024
Holdings Value
Holdings 77 stocks · $642.8M
| NREF Nexpoint Real Estate Finance | 19.18% | 8,587,364 | $123.3M | No change |
| TCN Tricon Residential Inc. | 8.03% | 4,631,700 | $51.6M | New |
| M D C HLDGS INC | 5.83% | 595,370 | $37.5M | New |
| NWLI National Western Life Grou-A | 5.36% | 69,977 | $34.4M | Add +15.9% |
| DOOR Masonite International Corp. | 4.94% | 241,610 | $31.8M | New |
| DSKE Daseke Inc. | 4.43% | 3,431,572 | $28.5M | New |
| TALO Talos Energy Inc. | 4.38% | 2,018,915 | $28.1M | New |
| HES Hess Corp. | 4.23% | 178,265 | $27.2M | New |
| PXD Pioneer Natural Resources Co. | 4.19% | 102,705 | $27.0M | Add +1.1% |
| NXRT Nexpoint Residential | 3.85% | 769,250 | $24.8M | Add +0.8% |
| EVBG Everbridge Inc. | 3.81% | 702,884 | $24.5M | New |
| NXDT Nexpoint Diversified Real Es | 3.04% | 2,958,097 | $19.5M | Add +1.1% |
| ET Energy Transfer LP | 2.94% | 1,201,512 | $18.9M | No change |
| AEL American National Group Inc. | 2.52% | 287,622 | $16.2M | Add +30.5% |
| ERF Enerplus Corp. | 2.04% | 665,880 | $13.1M | New |
| WSR Whitestone REIT | 1.71% | 875,255 | $11.0M | No change |
| HAYN Haynes International Inc. | 1.66% | 177,186 | $10.7M | New |
| TRGP Targa Resources Corp. | 1.15% | 65,800 | $7.4M | No change |
| ARE Alexandria Real Estate Equit | 1.12% | 56,000 | $7.2M | No change |
| HFRO Highland Opport & Income | 1.09% | 998,511 | $7.0M | Add +8.8% |
| FREE Whole Earth Brands Inc. | 1.03% | 1,377,290 | $6.7M | New |
| TAST Carrols Restaurant Group Inc. | 0.93% | 629,134 | $6.0M | New |
| EAGLE BULK SHIPPING INC | 0.90% | 92,767 | $5.8M | New |
| ETRN Equitrans Midstream Corp. | 0.83% | 425,020 | $5.3M | New |
| TSAT Telesat Corp. | 0.79% | 590,923 | $5.1M | No change |
| WES Western Midstream Partners L | 0.77% | 139,050 | $4.9M | No change |
| CEPU Central Puerto-Sponsored ADR | 0.76% | 530,000 | $4.9M | No change |
| VST Vistra Corp. | 0.72% | 66,500 | $4.6M | No change |
| MELI MercadoLibre Inc. | 0.71% | 3,000 | $4.5M | No change |
| HYSA Bondbloxx High Yield Income | 0.70% | 300,000 | $4.5M | No change |
| VFC VF Corp. | 0.70% | 293,350 | $4.5M | New |
| SRG Seritage Growth Prop- A | 0.63% | 417,500 | $4.0M | No change |
| HRT Hireright Holdings Corp. | 0.50% | 223,010 | $3.2M | New |
| PAM Pampa Energia SA-Spon ADR | 0.45% | 67,700 | $2.9M | No change |
| EPD Enterprise Products Partners | 0.36% | 78,631 | $2.3M | No change |
| WSC Willscot Holdings Corp. | 0.28% | 38,451 | $1.8M | New |
| ACM Aecom | 0.26% | 17,020 | $1.7M | New |
| CLH Clean Harbors Inc. | 0.26% | 8,162 | $1.6M | New |
| TTEK Tetra Tech Inc. | 0.24% | 8,387 | $1.5M | New |
| CRESY Cresud S.A.-Spons ADR | 0.24% | 169,419 | $1.5M | New |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.21% | 34,982 | $1.4M | New |
| HRTX Heron Therapeutics Inc. | 0.20% | 475,750 | $1.3M | No change |
| BWA Borgwarner Inc. | 0.18% | 32,750 | $1.1M | New |
| SCX Starrett (l.s.) Co. Class A | 0.17% | 68,745 | $1.1M | New |
| VSTS Vestis Corp. | 0.17% | 55,300 | $1.1M | New |
| SAFE Safehold Inc. | 0.12% | 37,256 | $767K | No change |
| EVCO Everest Consolidator Acquisi | 0.11% | 60,926 | $681K | New |
| HGLB Highland Global Allocation | 0.10% | 86,246 | $661K | No change |
| ARCH Arch Resources Inc. | 0.10% | 4,049 | $651K | No change |
| NS Nustar Energy LP | 0.09% | 23,860 | $555K | New |
| PDCO Patterson Cos Inc. | 0.07% | 17,200 | $476K | No change |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.07% | 64,000 | $428K | No change |
| WEN The Wendy's Co. | 0.06% | 20,871 | $393K | Add +79.9% |
| CWEN Clearway Energy Inc. Class C | 0.06% | 16,000 | $369K | No change |
| TXNM TXNM Energy Inc. filed as PNM RES INC | 0.06% | 9,742 | $367K | Reduce -93.7% |
| ECVT Ecovyst Inc. | 0.06% | 32,355 | $361K | No change |
| GTLS Chart Industries Inc. | 0.06% | 2,150 | $354K | No change |
| GPRE Green Plains Inc. | 0.06% | 15,300 | $354K | New |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.05% | 3,800 | $305K | New |
| EDR Endeavor Group Hold Class A | 0.05% | 11,700 | $301K | New |
| INST Instructure Holdings Inc. | 0.04% | 12,500 | $267K | New |
| DAR Darling Ingredients Inc. | 0.04% | 5,600 | $260K | No change |
| DLR Digital Realty Trust Inc. | 0.04% | 1,800 | $259K | New |
| TECK Teck Resources Ltd.-CLS B | 0.04% | 5,265 | $241K | No change |
| CCK Crown Holdings Inc. | 0.04% | 3,000 | $238K | No change |
| MAA Mid-America Apartment Comm | 0.04% | 1,800 | $237K | New |
| ETWO E2OPEN Parent Holdings Inc. | 0.03% | 46,600 | $207K | New |
| AAPL Apple Inc. | 0.03% | 1,100 | $189K | New |
| MP MP Materials Corp. | 0.03% | 11,982 | $171K | New |
| ARRY Array Technologies Inc. | 0.03% | 10,850 | $162K | New |
| AMPS Altus Power Inc. | 0.02% | 30,000 | $143K | No change |
| SUPV Grupo Supervielle SA-SP ADR | 0.02% | 24,300 | $139K | No change |
| BCSA Blockchain Coinvestors Class A | 0.02% | 10,000 | $111K | New |
| GTIJF Graphjet Technology | 0.01% | 11,105 | $79K | New |
| CCLP Csi Compressco LP | 0.01% | 32,186 | $75K | New |
| CLNE Clean Energy Fuels Corp. | 0.01% | 26,200 | $70K | No change |
| URG Ur-Energy Inc. | 0.00% | 15,000 | $24K | No change |
Options reported separately and not counted above: X puts ($13.7M), M calls ($766K), AMR puts ($596K).
Other holdings (7): bonds, preferreds, convertibles and warrants · $7.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 565,750 | $7.8M | No change |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 82,301 | $133K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 108,741 | $7K | No change |
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | 30,463 | $6K | New |
| SPECW Perception Capital II -CW28 | *W EXP 10/17/202 | 198,080 | $5K | No change |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | 113,155 | $1K | New |
| AEAEW Altenergy Acquisition -CW23 | *W EXP 10/29/202 | 12,500 | $626 | No change |
Total filed on the 13F, all lines: $650.7M.
Portfolio Sells Q4 2023 → Q1 2024
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −10.40 |
| CHS Chico's Fas Inc. | Sold out | 0.00% | −9.34 |
| TGH Textainer Group Holdings Ltd. | Sold out | 0.00% | −6.36 |
| OLK Olink Holding AB - ADR | Sold out | 0.00% | −5.69 |
| ESMT Engagesmart Inc. | Sold out | 0.00% | −5.46 |
| PHYSICIANS REALTY TRUST | Sold out | 0.00% | −2.50 |
| RPT REALTY | Sold out | 0.00% | −2.02 |
| SOVO Sovos Brands Inc. | Sold out | 0.00% | −1.38 |
| X United States Steel Corp. | Sold out | 0.00% | −1.29 |
| TXNM TXNM Energy Inc. | Reduce -93.7% | 0.06% | −0.94 |
| ROVR Rover Group Inc. | Sold out | 0.00% | −0.71 |
| CORN Teucrium Corn Fund | Sold out | 0.00% | −0.68 |
| IRRXU Integrated Rail and Resource | Sold out | 0.00% | −0.49 |
| ENCPU Energem Corp. | Sold out | 0.00% | −0.39 |
| EVCOU Everest Consolidator Acquisi | Sold out | 0.00% | −0.10 |
| NFE New Fortress Energy Inc. | Sold out | 0.00% | −0.04 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.03 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.03 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.03 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.03 |
| BCSAU Blockchain Coinvestors Acqui | Sold out | 0.00% | −0.02 |
| LAB Standard Biotools Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| TCN Tricon Residential Inc. | New | 8.03% | +8.03 |
| M D C HLDGS INC | New | 5.83% | +5.83 |
| DOOR Masonite International Corp. | New | 4.94% | +4.94 |
| DSKE Daseke Inc. | New | 4.43% | +4.43 |
| TALO Talos Energy Inc. | New | 4.38% | +4.38 |
| HES Hess Corp. | New | 4.23% | +4.23 |
| EVBG Everbridge Inc. | New | 3.81% | +3.81 |
| ERF Enerplus Corp. | New | 2.04% | +2.04 |
| HAYN Haynes International Inc. | New | 1.66% | +1.66 |
| FREE Whole Earth Brands Inc. | New | 1.03% | +1.03 |
| TAST Carrols Restaurant Group Inc. | New | 0.93% | +0.93 |
| EAGLE BULK SHIPPING INC | New | 0.90% | +0.90 |
| NWLI National Western Life Grou-A | Add +15.9% | 5.36% | +0.88 |
| ETRN Equitrans Midstream Corp. | New | 0.83% | +0.83 |
| VFC VF Corp. | New | 0.70% | +0.70 |
| PXD Pioneer Natural Resources Co. | Add +1.1% | 4.19% | +0.69 |
| AEL American National Group Inc. | Add +30.5% | 2.52% | +0.63 |
| HRT Hireright Holdings Corp. | New | 0.50% | +0.50 |
| WSC Willscot Holdings Corp. | New | 0.28% | +0.28 |
| ACM Aecom | New | 0.26% | +0.26 |
| CLH Clean Harbors Inc. | New | 0.26% | +0.26 |
| TTEK Tetra Tech Inc. | New | 0.24% | +0.24 |
| CRESY Cresud S.A.-Spons ADR | New | 0.24% | +0.24 |
| ONT Onterris Inc. | New | 0.21% | +0.21 |
| BWA Borgwarner Inc. | New | 0.18% | +0.18 |
| SCX Starrett (l.s.) Co. Class A | New | 0.17% | +0.17 |
| VSTS Vestis Corp. | New | 0.17% | +0.17 |
| EVCO Everest Consolidator Acquisi | New | 0.11% | +0.11 |
| NS Nustar Energy LP | New | 0.09% | +0.09 |
| GPRE Green Plains Inc. | New | 0.06% | +0.06 |
| IRM Iron Mountain Inc. | New | 0.05% | +0.05 |
| EDR Endeavor Group Hold Class A | New | 0.05% | +0.05 |
| INST Instructure Holdings Inc. | New | 0.04% | +0.04 |
| DLR Digital Realty Trust Inc. | New | 0.04% | +0.04 |
| MAA Mid-America Apartment Comm | New | 0.04% | +0.04 |
| ETWO E2OPEN Parent Holdings Inc. | New | 0.03% | +0.03 |
| AAPL Apple Inc. | New | 0.03% | +0.03 |
| MP MP Materials Corp. | New | 0.03% | +0.03 |
| WEN The Wendy's Co. | Add +79.9% | 0.06% | +0.03 |
| ARRY Array Technologies Inc. | New | 0.03% | +0.03 |
| BCSA Blockchain Coinvestors Class A | New | 0.02% | +0.02 |
| GTIJF Graphjet Technology | New | 0.01% | +0.01 |
| CCLP Csi Compressco LP | New | 0.01% | +0.01 |
| HFRO Highland Opport & Income | Add +8.8% | 1.09% | +0.01 |
| NXRT Nexpoint Residential | Add +0.8% | 3.85% | −0.18 |
| NXDT Nexpoint Diversified Real Es | Add +1.1% | 3.04% | −0.53 |
Options Activity Q4 2023 → Q1 2024
| X United States Steel Corp. | put | New | 334,900 | $13.7M |
| SAVEQ Spirit Airlines Inc. | put | Sold out | 115,300 | $1.9Mbefore exit |
| VST Vistra Corp. | put | Sold out | 30,000 | $1.2Mbefore exit |
| M Macy's Inc. | call | New | 38,300 | $766K |
| SWN Southwestern Energy Co. | call | Sold out | 100,000 | $655Kbefore exit |
| AMR Alpha Metallurgical Resource | put | New | 1,800 | $596K |
| HES Hess Corp. | put | Sold out | 3,500 | $505Kbefore exit |
| TSLA Tesla Inc. | put | Sold out | 1,300 | $323Kbefore exit |
| AAPL Apple Inc. | put | Sold out | 1,100 | $212Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | New | 30,463 | $6K |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | New | 113,155 | $1K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 65 | $1.5B | NREF, NUVL, GBTG, TMHC, WTRG |
| Q1 2026 | 78 | $1.4B | NREF, HOLX, CWAN, SEE, OS |
| Q4 2025 | 81 | $1.4B | NREF, DAY, CYBR, RNAM, HOLX |
| Q3 2025 | 90 | $1.1B | NREF, WNS, AVDX, VRNA, FYBR |
| Q2 2025 | 82 | $1.0B | NREF, SKX, SWTX, JNPR, BPMC |
| Q1 2025 | 78 | $1.0B | NREF, ITCI, PDCO, JWN, PYCR |
| Q4 2024 | 86 | $851.4M | NREF, NXRT, SMAR, BARNES GROUP INC, ROIC |
| Q3 2024 | 85 | $824.2M | NREF, ENV, RCM, EDR, NVEI |
| Q2 2024 | 78 | $747.1M | NREF, WIRE, EVBG, SLCA, EDR |
| Q1 2024 | 77 | $642.8M | NREF, TCN, M D C HLDGS INC, NWLI, DOOR |