Nexpoint Asset Management, L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Nexpoint Asset Management, L.P. reported 86 stock positions worth $851.4 million. Its top holding was Nexpoint Real Estate Finance (NREF) at 15.8% of the portfolio, followed by Nexpoint Residential (NXRT, 7.7%) and Smartsheet Class A (SMAR, 6.6%). Compared with Q3 2024, it opened 23 new positions, sold out of 22, added to 24 and reduced 5. The biggest buy was a new position in Barnes and the biggest sale an exit from Envestnet (ENV).
- Most Recent 13F
- Q2 2026
- Location
- Dallas, TX
- CIK
- 0001469877
- Portfolio Value
- $851.4M (Q4 2024)
- SEC Filing
- 0001172661-25-001215 ↗ filed Feb 14, 2025
Holdings Value
Holdings 86 stocks · $851.4M
| NREF Nexpoint Real Estate Finance | 15.83% | 8,587,364 | $134.7M | No change |
| NXRT Nexpoint Residential | 7.66% | 1,562,753 | $65.2M | Add +100.0% |
| SMAR Smartsheet Inc. Class A | 6.59% | 1,001,345 | $56.1M | Add +272.9% |
| BARNES GROUP INC | 6.39% | 1,150,403 | $54.4M | New |
| ROIC Retail Opportunity Investmen | 5.93% | 2,908,421 | $50.5M | New |
| EDR Endeavor Group Hold Class A | 4.56% | 1,240,878 | $38.8M | Reduce -6.1% |
| ESGR Enstar Group Ltd. | 4.06% | 107,434 | $34.6M | Add +21.3% |
| HCP Hashicorp Inc. Class A | 3.35% | 834,865 | $28.6M | Add +2.8% |
| K Kellanova | 3.28% | 345,330 | $28.0M | Add +2.9% |
| NXDT Nexpoint Diversified Real Es | 2.89% | 4,037,330 | $24.6M | Add +8.8% |
| HES Hess Corp. | 2.80% | 179,025 | $23.8M | No change |
| ET Energy Transfer LP | 2.76% | 1,197,512 | $23.5M | Reduce -0.2% |
| ATSG Air Transport Services Group | 2.69% | 1,042,160 | $22.9M | New |
| CDMO Avid Bioservices Inc. | 2.69% | 1,854,402 | $22.9M | New |
| SUM Summit Materials Inc. Class A | 2.34% | 393,860 | $19.9M | New |
| GEAR Revelyst Inc. | 1.84% | 816,719 | $15.7M | New |
| CHX Championx Corp. | 1.81% | 567,461 | $15.4M | Add +0.8% |
| BALY Bally's Corp. | 1.70% | 808,337 | $14.5M | Add +88.3% |
| ARCH Arch Resources Inc. | 1.65% | 99,700 | $14.1M | Add +2362.3% |
| TALO Talos Energy Inc. | 1.63% | 1,427,931 | $13.9M | No change |
| WSR Whitestone REIT | 1.46% | 875,255 | $12.4M | No change |
| ZUO Zuora Inc. Class A | 1.41% | 1,206,409 | $12.0M | New |
| TRGP Targa Resources Corp. | 1.38% | 65,800 | $11.7M | No change |
| PDCO Patterson Cos Inc. | 1.21% | 334,720 | $10.3M | Add +1846.0% |
| TSAT Telesat Corp. | 1.14% | 590,923 | $9.7M | No change |
| JWN Nordstrom Inc. | 1.09% | 385,580 | $9.3M | New |
| VST Vistra Corp. | 1.08% | 66,500 | $9.2M | No change |
| CEPU Central Puerto-Sponsored ADR | 0.90% | 530,000 | $7.7M | No change |
| PAM Pampa Energia SA-Spon ADR | 0.70% | 67,700 | $6.0M | No change |
| ARE Alexandria Real Estate Equit | 0.64% | 56,000 | $5.5M | No change |
| WES Western Midstream Partners L | 0.63% | 139,050 | $5.3M | No change |
| MELI MercadoLibre Inc. | 0.60% | 3,000 | $5.1M | No change |
| HFRO Highland Opport & Income | 0.56% | 918,047 | $4.8M | No change |
| SCWX Secureworks Corp. Class A | 0.52% | 519,483 | $4.4M | New |
| MNTX Manitex International Inc. | 0.35% | 511,104 | $3.0M | Add +294.5% |
| AGS Playags Inc. | 0.29% | 214,701 | $2.5M | Add +58.1% |
| EPD Enterprise Products Partners | 0.29% | 78,631 | $2.5M | No change |
| ENLC Enlink Midstream LLC | 0.26% | 153,600 | $2.2M | New |
| CRESY Cresud S.A.-Spons ADR | 0.25% | 169,419 | $2.1M | No change |
| GATO Gatos Silver Inc. | 0.20% | 124,673 | $1.7M | New |
| SRG Seritage Growth Prop- A | 0.20% | 417,500 | $1.7M | No change |
| MMLP Martin Midstream Partners LP | 0.19% | 455,572 | $1.6M | New |
| BEP Brookfield Renewable Partner | 0.14% | 53,106 | $1.2M | Add +16.9% |
| TECK Teck Resources Ltd.-CLS B | 0.12% | 24,415 | $990K | No change |
| DNB Dun & Bradstreet Holdings Inc. | 0.09% | 62,196 | $775K | Add +190.6% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.09% | 64,000 | $764K | No change |
| HRTX Heron Therapeutics Inc. | 0.09% | 475,750 | $728K | No change |
| SAFE Safehold Inc. | 0.08% | 37,256 | $688K | No change |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.08% | 34,448 | $639K | New |
| LION Lionsgate Studios Corp. | 0.07% | 79,070 | $601K | Add +129.8% |
| FYBR Frontier Communications Pare | 0.07% | 17,310 | $601K | Add +17.7% |
| HGLB Highland Global Allocation | 0.07% | 86,246 | $587K | No change |
| IAS Integral Ad Science Holding | 0.07% | 53,661 | $560K | New |
| NABL N-Able Inc. | 0.06% | 57,193 | $534K | Add +74.6% |
| INDI Indie Semiconductor Inc. Class A | 0.05% | 115,500 | $468K | Add +61.5% |
| SMPL The Simply Good Foods Co. | 0.05% | 11,753 | $458K | Add +50.0% |
| MYRG MYR Group Inc./Delaware | 0.05% | 3,030 | $451K | No change |
| GT Goodyear Tire & Rubber Co. | 0.05% | 48,100 | $433K | Add +71.2% |
| GPRE Green Plains Inc. | 0.05% | 42,250 | $401K | Add +176.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.05% | 3,800 | $399K | No change |
| TXNM TXNM Energy Inc. | 0.05% | 7,850 | $386K | Reduce -19.4% |
| GTLS Chart Industries Inc. | 0.04% | 2,000 | $382K | No change |
| J Jacobs Solutions Inc. | 0.04% | 2,833 | $379K | Reduce -69.7% |
| AMTM Amentum Holdings Inc. | 0.04% | 17,995 | $378K | Add +92.7% |
| GOOS Canada Goose Holdings Inc. | 0.04% | 37,450 | $376K | New |
| SUPV Grupo Supervielle SA-SP ADR | 0.04% | 24,300 | $367K | No change |
| BLCO Bausch + Lomb Corp. | 0.04% | 20,258 | $366K | New |
| BECN Beacon Roofing Supply Inc. | 0.04% | 3,600 | $366K | New |
| MGRC McGrath Rentcorp | 0.04% | 3,200 | $358K | New |
| GXO Gxo Logistics Inc. | 0.04% | 8,100 | $352K | New |
| WSC Willscot Holdings Corp. | 0.04% | 10,450 | $350K | New |
| HZO Marinemax Inc. | 0.04% | 11,955 | $346K | Add +70.1% |
| ETWO E2OPEN Parent Holdings Inc. | 0.04% | 129,810 | $345K | Add +136.8% |
| DLR Digital Realty Trust Inc. | 0.04% | 1,800 | $319K | No change |
| CWEN Clearway Energy Inc. Class C | 0.04% | 12,100 | $315K | No change |
| VFC VF Corp. | 0.04% | 14,077 | $302K | Reduce -18.9% |
| FDX FedEx Corp. | 0.03% | 1,000 | $281K | New |
| MAA Mid-America Apartment Comm | 0.03% | 1,800 | $278K | No change |
| CSGP Costar Group Inc. | 0.03% | 3,018 | $216K | No change |
| ECVT Ecovyst Inc. | 0.02% | 26,705 | $204K | No change |
| MP MP Materials Corp. | 0.02% | 11,982 | $187K | No change |
| SOLO BRANDS INC | 0.02% | 146,000 | $166K | New |
| FRO Frontline PLC | 0.02% | 11,200 | $159K | New |
| AMPS Altus Power Inc. | 0.01% | 30,000 | $122K | No change |
| CLNE Clean Energy Fuels Corp. | 0.01% | 26,200 | $66K | No change |
| URG Ur-Energy Inc. | 0.00% | 15,000 | $17K | No change |
Options reported separately and not counted above: X calls ($19.5M), X puts ($11.4M), FDX puts ($281K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $8.0M (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 | $251K | New |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 108,741 | $903 | No change |
Total filed on the 13F, all lines: $859.4M.
Portfolio Sells Q3 2024 → Q4 2024
| ENV Envestnet Inc. | Sold out | 0.00% | −5.85 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −5.52 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −4.41 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −3.51 |
| PRFT Perficient Inc. | Sold out | 0.00% | −3.37 |
| INST Instructure Holdings Inc. | Sold out | 0.00% | −3.23 |
| PETQ Petiq Inc. | Sold out | 0.00% | −2.90 |
| HAYN Haynes International Inc. | Sold out | 0.00% | −2.85 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −1.76 |
| AMED Amedisys Inc. | Sold out | 0.00% | −1.64 |
| CTLT Catalent Inc. | Sold out | 0.00% | −1.22 |
| CHUY Chuy's Holdings Inc. | Sold out | 0.00% | −1.10 |
| TWKS Thoughtworks Holding Inc. | Sold out | 0.00% | −0.62 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −0.42 |
| SHCR Sharecare Inc. | Sold out | 0.00% | −0.19 |
| PGRU Propertyguru Group Ltd. | Sold out | 0.00% | −0.13 |
| TRP TC Energy Corp. | Sold out | 0.00% | −0.12 |
| J Jacobs Solutions Inc. | Reduce -69.7% | 0.04% | −0.10 |
| BITF Bitfarms Ltd./Canada | Sold out | 0.00% | −0.04 |
| FA First Advantage Corp. | Sold out | 0.00% | −0.03 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.03 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.03 |
| EDR Endeavor Group Hold Class A | Reduce -6.1% | 4.56% | −0.02 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.01 |
| VFC VF Corp. | Reduce -18.9% | 0.04% | −0.01 |
| TXNM TXNM Energy Inc. | Reduce -19.4% | 0.05% | −0.01 |
| ET Energy Transfer LP | Reduce -0.2% | 2.76% | +0.42 |
Portfolio Buys Q3 2024 → Q4 2024
| BARNES GROUP INC | New | 6.39% | +6.39 |
| ROIC Retail Opportunity Investmen | New | 5.93% | +5.93 |
| SMAR Smartsheet Inc. Class A | Add +272.9% | 6.59% | +4.79 |
| NXRT Nexpoint Residential | Add +100.0% | 7.66% | +3.49 |
| ATSG Air Transport Services Group | New | 2.69% | +2.69 |
| CDMO Avid Bioservices Inc. | New | 2.69% | +2.69 |
| SUM Summit Materials Inc. Class A | New | 2.34% | +2.34 |
| GEAR Revelyst Inc. | New | 1.84% | +1.84 |
| ARCH Arch Resources Inc. | Add +2362.3% | 1.65% | +1.59 |
| ZUO Zuora Inc. Class A | New | 1.41% | +1.41 |
| PDCO Patterson Cos Inc. | Add +1846.0% | 1.21% | +1.17 |
| JWN Nordstrom Inc. | New | 1.09% | +1.09 |
| BALY Bally's Corp. | Add +88.3% | 1.70% | +0.80 |
| ESGR Enstar Group Ltd. | Add +21.3% | 4.06% | +0.61 |
| SCWX Secureworks Corp. Class A | New | 0.52% | +0.52 |
| MNTX Manitex International Inc. | Add +294.5% | 0.35% | +0.26 |
| ENLC Enlink Midstream LLC | New | 0.26% | +0.26 |
| GATO Gatos Silver Inc. | New | 0.20% | +0.20 |
| MMLP Martin Midstream Partners LP | New | 0.19% | +0.19 |
| AGS Playags Inc. | Add +58.1% | 0.29% | +0.10 |
| NXDT Nexpoint Diversified Real Es | Add +8.8% | 2.89% | +0.08 |
| ONT Onterris Inc. | New | 0.08% | +0.08 |
| IAS Integral Ad Science Holding | New | 0.07% | +0.07 |
| DNB Dun & Bradstreet Holdings Inc. | Add +190.6% | 0.09% | +0.06 |
| GOOS Canada Goose Holdings Inc. | New | 0.04% | +0.04 |
| BLCO Bausch + Lomb Corp. | New | 0.04% | +0.04 |
| BECN Beacon Roofing Supply Inc. | New | 0.04% | +0.04 |
| MGRC McGrath Rentcorp | New | 0.04% | +0.04 |
| GXO Gxo Logistics Inc. | New | 0.04% | +0.04 |
| WSC Willscot Holdings Corp. | New | 0.04% | +0.04 |
| LION Lionsgate Studios Corp. | Add +129.8% | 0.07% | +0.04 |
| FDX FedEx Corp. | New | 0.03% | +0.03 |
| GPRE Green Plains Inc. | Add +176.1% | 0.05% | +0.02 |
| SMPL The Simply Good Foods Co. | Add +50.0% | 0.05% | +0.02 |
| GT Goodyear Tire & Rubber Co. | Add +71.2% | 0.05% | +0.02 |
| INDI Indie Semiconductor Inc. Class A | Add +61.5% | 0.05% | +0.02 |
| SOLO BRANDS INC | New | 0.02% | +0.02 |
| HCP Hashicorp Inc. Class A | Add +2.8% | 3.35% | +0.02 |
| FRO Frontline PLC | New | 0.02% | +0.02 |
| AMTM Amentum Holdings Inc. | Add +92.7% | 0.04% | +0.01 |
| ETWO E2OPEN Parent Holdings Inc. | Add +136.8% | 0.04% | +0.01 |
| NABL N-Able Inc. | Add +74.6% | 0.06% | +0.01 |
| HZO Marinemax Inc. | Add +70.1% | 0.04% | +0.01 |
| FYBR Frontier Communications Pare | Add +17.7% | 0.07% | +0.01 |
| K Kellanova | Add +2.9% | 3.28% | −0.00 |
| BEP Brookfield Renewable Partner | Add +16.9% | 0.14% | −0.01 |
| CHX Championx Corp. | Add +0.8% | 1.81% | −0.25 |
Options Activity Q3 2024 → Q4 2024
| X United States Steel Corp. | call | Add +100.0% | 573,000 | $19.5M |
| TELL Tellurian Inc. | put | Sold out | 3,450,000 | $3.3Mbefore exit |
| FDX FedEx Corp. | put | New | 1,000 | $281K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | New | 82,301 | $251K |
| AEAEW Altenergy Acquisition -CW23 | *W EXP 10/29/202 | Sold out | 12,500 | $140before exit |
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 |