Q4 2025 · 13F-HR
NEXPOINT ASSET MANAGEMENT, L.P.holdings as filed
Filed 2026-02-17 · accession 0001172661-26-001203
$1.44B
Reported value
83
Positions
2025-12-31
Period end
The Brief · NEXPOINT ASSET MANAGEMENT, L.P. · Q4 2025
AI · grounded in 13F
NEXPOINT ASSET MANAGEMENT, L.P. closed its position in W9N0 for a reduction of $96.9M. The fund also exited positions in AVDX and VRNA, reducing exposure by $88.2M and $62.4M respectively. On the buy side, the fund established new positions in CYBR for $82.9M and RNAGBP for $66.6M. Additionally, the fund increased its stake in DAY by 550.4%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 65342V101 | NREF | NEXPOINT REAL ESTATE FIN INC | $132.9M | 9.26% | 9,439,635 | Common | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $98.0M | 6.83% | 1,416,835 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $82.9M | 5.78% | 185,862 | Common | SOLE |
| 05370A108 | RNAGBP | AVIDITY BIOSCIENCES INC | $66.6M | 4.64% | 923,950 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $64.0M | 4.46% | 859,040 | Common | SOLE |
| 171757206 | CDTX | CIDARA THERAPEUTICS INC | $61.8M | 4.31% | 279,900 | Common | SOLE |
| 431571108 | 9HI | HILLENBRAND INC | $60.8M | 4.24% | 1,916,660 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $59.9M | 4.17% | 1,445,310 | Common | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $51.9M | 3.62% | 1,363,323 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $49.4M | 3.44% | 485,990 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $49.1M | 3.42% | 764,898 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $45.5M | 3.17% | 222,920 | Common | SOLE |
| 20717M103 | 8QR | CONFLUENT INC | $41.8M | 2.91% | 1,382,600 | Common | SOLE |
| 81686C104 | 628 | SEMRUSH HLDGS INC | $41.3M | 2.88% | 3,474,250 | Common | SOLE |
| 47074L105 | JAMF | JAMF HLDG CORP | $37.8M | 2.63% | 2,905,260 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $37.4M | 2.60% | 576,508 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $36.0M | 2.51% | 1,492,220 | Common | SOLE |
| 16115Q308 | GTLS | CHART INDS INC | $34.9M | 2.43% | 169,010 | Common | SOLE |
| 126349109 | CSN | CSG SYS INTL INC | $32.2M | 2.25% | 420,260 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $32.1M | 2.24% | 1,328,990 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $29.6M | 2.07% | 503,403 | Common | SOLE |
| 65341D102 | NXRT | NEXPOINT RESIDENTIAL TR INC | $28.1M | 1.96% | 934,752 | Common | SOLE |
| 43010E404 | HFRO | HIGHLAND OPPS & INCOME FD | $22.0M | 1.53% | 3,673,047 | Common | SOLE |
| 65340G205 | NXDT | NEXPOINT DIVERSIFIED REL ET | $19.3M | 1.34% | 5,028,935 | Common | SOLE |
| 586001109 | 75Z | SOHO HOUSE & CO INC | $16.2M | 1.13% | 1,805,182 | Common | SOLE |
| 014491104 | ALEX | ALEXANDER & BALDWIN INC NEW | $13.3M | 0.93% | 646,139 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $12.6M | 0.88% | 762,040 | Common | SOLE |
| 966084204 | WSR | WHITESTONE REIT | $12.2M | 0.85% | 875,255 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $12.0M | 0.84% | 74,500 | Common | SOLE |
| 879512309 | TSAT | TELESAT CORP | $11.5M | 0.80% | 396,623 | Common | SOLE |
| 314911108 | FRMI | FERMI INC | $10.4M | 0.73% | 1,301,478 | Common | SOLE |
| 155038201 | CEPU | CENTRAL PUERTO S A | $9.3M | 0.65% | 530,000 | Common | SOLE |
| 729640102 | PLYM | PLYMOUTH INDL REIT INC | $8.5M | 0.60% | 390,301 | Common | SOLE |
| 428103105 | HESM | HESS MIDSTREAM LP | $7.7M | 0.53% | 221,900 | Common | SOLE |
| G4253H101 | JHX | JAMES HARDIE INDS PLC | $6.8M | 0.47% | 326,700 | Common | SOLE |
| 47103U845 | JAAA | JANUS DETROIT STR TR | $6.1M | 0.42% | 120,060 | Common | SOLE |
| 87484T108 | TALO | TALOS ENERGY INC | $5.7M | 0.39% | 513,098 | Common | SOLE |
| 76171L106 | REYN | REYNOLDS CONSUMER PRODS INC | $5.6M | 0.39% | 245,575 | Common | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $5.6M | 0.39% | 315,479 | Common | SOLE |
| 10482B200 | BHR 5.5 PERP b | BRAEMAR HOTELS & RESORTS INC | $5.0M | 0.35% | 339,774 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $4.7M | 0.33% | 36,475 | Common | SOLE |
| 98585X104 | YETI | YETI HLDGS INC | $4.2M | 0.30% | 95,898 | Common | SOLE |
| 393222104 | GPRE | GREEN PLAINS INC | $3.4M | 0.24% | 348,000 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $3.1M | 0.21% | 79,700 | Common | SOLE |
| 015271109 | ARE | ALEXANDRIA REAL ESTATE EQ IN | $2.7M | 0.19% | 56,000 | Common | SOLE |
| 844895102 | SWX | SOUTHWEST GAS HLDGS INC | $2.6M | 0.18% | 32,900 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $2.6M | 0.18% | 69,862 | Common | SOLE |
| 10576N102 | BRZE | BRAZE INC | $2.6M | 0.18% | 74,955 | Common | SOLE |
| 66661N886 | NPB | NORTHPOINTE BANCSHARES INC. | $2.5M | 0.17% | 100,000 | Common | SOLE |
| 460146103 | IP | INTERNATIONAL PAPER CO | $2.3M | 0.16% | 57,750 | Common | SOLE |
| 53626N102 | LION | LIONSGATE STUDIOS CORP | $2.3M | 0.16% | 248,140 | Common | SOLE |
| 372460105 | GPC | GENUINE PARTS CO | $2.2M | 0.15% | 17,750 | Common | SOLE |
| 09239B109 | BL | BLACKLINE INC | $2.0M | 0.14% | 35,450 | Common | SOLE |
| 75574U101 | RC | READY CAPITAL CORP | $1.9M | 0.13% | 850,129 | Common | SOLE |
| 524660107 | LEG | LEGGETT & PLATT INC | $1.8M | 0.12% | 161,640 | Common | SOLE |
| 090043100 | BILL | BILL HOLDINGS INC | $1.8M | 0.12% | 32,225 | Common | SOLE |
| 679295105 | OKTA | OKTA INC | $1.7M | 0.12% | 20,159 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $1.7M | 0.12% | 43,650 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $1.7M | 0.12% | 31,552 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $1.7M | 0.12% | 25,000 | Common | SOLE |
| 70202L102 | PSN | PARSONS CORP DEL | $1.6M | 0.11% | 26,000 | Common | SOLE |
| 750940108 | RAL | RALLIANT CORP | $1.6M | 0.11% | 31,408 | Common | SOLE |
| 76118Y104 | REZI | RESIDEO TECHNOLOGIES INC | $1.6M | 0.11% | 45,300 | Common | SOLE |
| G16258108 | BEP | BROOKFIELD RENEWABLE PARTNER | $1.6M | 0.11% | 57,506 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $1.4M | 0.10% | 14,280 | Common | SOLE |
| 81752R100 | SRG | SERITAGE GROWTH PPTYS | $1.4M | 0.09% | 417,500 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $1.3M | 0.09% | 15,320 | Common | SOLE |
| 126408103 | CSX | CSX CORP | $1.3M | 0.09% | 35,000 | Common | SOLE |
| 741623102 | PRMB | PRIMO BRANDS CORPORATION | $1.2M | 0.08% | 72,000 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $1.1M | 0.08% | 5,192 | Common | SOLE |
| 573331105 | MMLP | MARTIN MIDSTREAM PRTNRS L P | $1.1M | 0.07% | 408,240 | Common | SOLE |
| G5490M118 | LWACU | LIGHTWAVE ACQUISITION CORP | $1.0M | 0.07% | 100,000 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $1.0M | 0.07% | 2,896 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $806,947 | 0.06% | 16,850 | Common | SOLE |
| 128246105 | CVGW | CALAVO GROWERS INC | $665,246 | 0.05% | 30,586 | Common | SOLE |
| 427746102 | HRTX | HERON THERAPEUTICS INC | $618,475 | 0.04% | 475,750 | Common | SOLE |
| G3106Q102 | EVAC | EQV VENTURES AC CORP. II | $511,530 | 0.04% | 51,000 | Common | SOLE |
| 78646V107 | SAFE | SAFEHOLD INC | $510,035 | 0.04% | 37,256 | Common | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $475,122 | 0.03% | 5,368 | Common | SOLE |
| 963025309 | WHLR 9 PERP B | WHEELER REAL ESTATE INVT TR | $427,142 | 0.03% | 82,301 | Common | SOLE |
| 45569U101 | INDI | INDIE SEMICONDUCTOR INC | $374,533 | 0.03% | 106,100 | Common | SOLE |
| 40054A108 | SUPV | GRUPO SUPERVIELLE S.A. | $287,226 | 0.02% | 24,300 | Common | SOLE |
| 670100205 | NVO | NOVO-NORDISK A S | $139,295 | 0.01% | 229,960 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.