1y return+21.4%S&P 500 +20.9%
3y return+64.3%S&P 500 +68.5%
5y return+65.2%S&P 500 +74.5%
10y return+212.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $313 against $357 in the S&P 500.2
Highland Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MUMicron Technology Inc | $126.7M | 5.8% | −18.3% |
| AAPLApple Inc | $109.0M | 5.0% | −4.2% |
| MSFTMicrosoft Corp | $98.8M | 4.5% | −8.1% |
| AVGOBroadcom Inc | $77.3M | 3.6% | −4.7% |
| NVDANvidia Corp | $75.0M | 3.5% | +6.6% |
| GOOGLAlphabet Inc | $69.5M | 3.2% | +7.9% |
| GOOGAlphabet Inc | $53.9M | 2.5% | +9.9% |
| JPMJp Morgan Chase & Co | $49.3M | 2.3% | −4.9% |
| IVVCore S&p 500 | $49.1M | 2.3% | −5.4% |
| AMZNAmazon Com Incorporated | $37.0M | 1.7% | −23.9% |
| GSGoldman Sachs Group Inc | $36.5M | 1.7% | |
| COSTCostco Wholesale Corp | $34.0M | 1.6% | −4.3% |
| MRKMerck & Co Inc | $30.0M | 1.4% | −1.8% |
| CCitigroup Inc | $29.0M | 1.3% | −3.6% |
| IWFRussell 1000 Growth Index | $24.9M | 1.1% | +4.4% |
| METAMeta Platforms Inc | $22.1M | 1.0% | −9.3% |
| MRVLMarvell Technology Inc | $20.5M | 0.9% | −1.5% |
| CRWDCrowdstrike Holdings Inc | $20.3M | 0.9% | −18.8% |
| GLWCorning Inc | $19.8M | 0.9% | −4.7% |
| VVisa Inc | $19.2M | 0.9% | −2.9% |
| RTXRtx Corporation Com | $18.7M | 0.9% | −3.1% |
| CSCOCisco Sys Inc | $18.7M | 0.9% | |
| TMOThermo Fisher Scientific Inc | $17.4M | 0.8% | |
| LOWLowes Cos Inc | $17.2M | 0.8% | −2.9% |
| JNJJohnson & Johnson | $15.9M | 0.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corp | June 30, 2020 | +2006.7% | $75.0M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $77.3M |
| GLWCorning Inc | June 30, 2020 | +886.1% | $19.8M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $13.1M |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $15.1M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $36.5M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $53.9M |
| CATCaterpillar Inc Del | March 31, 2021 | +359.3% | $14.5M |
| CRWDCrowdstrike Holdings Inc | March 31, 2021 | +318.1% | $20.3M |
| JPMJp Morgan Chase & Co | June 30, 2020 | +248.0% | $49.3M |
Sold off last quarter
- CSXCsx Corp was $5.0M
- BSXBoston Scientific Corp was $3.1M
- BF/BBrown Forman Inc Cl B was $2.9M
- ANETArista Networks Inc was $2.1M
- BMYBristol-myers Squibb Co was $2.0M
- APPApplovin Corp Cl A was $1.8M
- Spotify Technology S.a.CUSIP L8681T102 was $1.8M
- WDAYWorkday Inc was $1.8M
- PSXPhillips 66 was $1.8M
- TEAMAtlassian Corp PLC was $1.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.1% | +14.8% |
| March 31, 2026 | −3.1% | −4.6% |
| December 31, 2025 | +3.2% | +2.4% |
| September 30, 2025 | +8.4% | +7.8% |
| June 30, 2025 | +12.1% | +10.5% |
| March 31, 2025 | −5.0% | −4.6% |
| December 31, 2024 | +1.2% | +2.1% |
| September 30, 2024 | +4.6% | +5.4% |
| June 30, 2024 | +1.8% | +4.0% |
| March 31, 2024 | +9.9% | +10.0% |
| December 31, 2023 | +11.4% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +7.2% | +8.3% |
| March 31, 2023 | +5.6% | +7.0% |
| December 31, 2022 | +8.6% | +7.1% |
| September 30, 2022 | −6.0% | −5.3% |
| June 30, 2022 | −15.6% | −16.5% |
| March 31, 2022 | −4.9% | −4.9% |
| December 31, 2021 | +9.3% | +10.7% |
| September 30, 2021 | −0.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Highland Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=860486&type=13F-HR&dateb=&owner=include&count=40CIK 860486
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/860486/000086048626000005/Filed July 21, 2026 · accession 0000860486-26-000005