0001144204-11-045865.txt : 20110812 0001144204-11-045865.hdr.sgml : 20110812 20110812094125 ACCESSION NUMBER: 0001144204-11-045865 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110812 DATE AS OF CHANGE: 20110812 EFFECTIVENESS DATE: 20110812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HIGHLAND CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001167365 IRS NUMBER: 752716725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10659 FILM NUMBER: 111029415 BUSINESS ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9726284100 MAIL ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 13F-HR 1 v231465_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2011 Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Highland Capital Management, L.P. Address: 13455 Noel Rd, Suite 1710, Dallas, TX 75240 Form 13F File Number: 28-10659 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: James D. Dondero Title: President Phone: 972-628-4100 Signature, Place, and Date of Signing: /s/ James D. Dondero Dallas, TX August 9, 2011 -------------------- ---------- -------------- [Signature] [City, State] [Date] Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 153 Form 13F Information Table Value Total: 884,293 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name ____ 28-________________________ Cummings Bay Capital Management ____ 28-________________________ Tunstall Capital Management [Repeat as necessary.]

VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ACHILLION PHARMACEUTICALS IN COM 00448Q201 888 119337 SH OTHER 119337 AERCAP HOLDINGS NV SHS N00985106 5320 408918 SH SOLE 408918 AETNA INC NEW COM 00817Y108 176 4000 SH OTHER 4000 AFFYMAX INC COM 00826A109 1019 148377 SH OTHER 148377 AFLAC INC COM 001055102 1774 38000 SH SOLE 38000 AIRGAS INC COM 009363102 14018 200144 SH SOLE 200144 ALLERGAN INC COM 018490102 859 10316 SH OTHER 10316 ALLERGAN INC COM 018490102 400 4800 SH SOLE 4800 ALLIANCE DATA SYSTEMS CORP COM 018581108 33019 351000 SH SOLE 351000 AMARIN CORP PLC CALL 023111906 1 554 SH OTHER 554 AMARIN CORP PLC SPONS ADR NEW 023111206 1097 76000 SH OTHER 76000 AMDOCS LTD ORD G02602103 2036 67000 SH SOLE 67000 AMERICAN AXLE & MFG HLDGS IN COM 024061103 4706 413500 SH SOLE 413500 AMERICAN CARESOURCE HLDGS IN COM 02505A103 36 26313 SH OTHER 26313 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 3586 281225 SH SOLE 281225 AMERIGROUP CORP COM 03073T102 1057 15000 SH OTHER 15000 AMSURG CORP COM 03232P405 392 15000 SH OTHER 15000 ANTHERA PHARMACEUTICALS INC COM 03674U102 687 84040 SH OTHER 84040 APPLE INC COM 037833100 13108 39050 SH SOLE 39050 ARTHROCARE CORP COM 043136100 1703 50872 SH OTHER 50872 AUXILIUM PHARMACEUTICALS INC COM 05334D107 670 34201 SH OTHER 34201 AVEO PHARMACEUTICALS INC COM 053588109 445 21575 SH OTHER 21575 BEST BUY INC COM 086516101 347 11050 SH SOLE 11050 BIOSANTE PHARMACEUTICALS INC COM NEW 09065V203 532 193530 SH OTHER 193530 BODY CENT CORP COM 09689U102 8704 369900 SH SOLE 369900 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1047 43500 SH SOLE 43500 BUFFALO WILD WINGS INC COM 119848109 1943 29300 SH SOLE 29300 CALIPER LIFE SCIENCES INC COM 130872104 1872 230809 SH OTHER 230809 CALPINE CORP COM NEW 131347304 2210 136997 SH SOLE 136997 CAPSTEAD MTG CORP COM NO PAR 14067E506 22272 1662069 SH SOLE 1662069 CARDINAL HEALTH INC COM 14149Y108 727 16000 SH OTHER 16000 CATALYST HEALTH SOLUTIONS IN COM 14888B103 1366 24478 SH OTHER 24478 CHARMING SHOPPES INC COM 161133103 1310 314800 SH SOLE 314800 CHEVRON CORP NEW COM 166764100 192 1870 SH SOLE 1870 CIGNA CORP COM 125509109 1390 27029 SH OTHER 27029 CISCO SYS INC COM 17275R102 507 32500 SH SOLE 32500 CITRIX SYS INC COM 177376100 9776 122200 SH SOLE 122200 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 2477 195000 SH SOLE 195000 CLEARWIRE CORP NEW CL A 18538Q105 1350 357243 SH SOLE 357243 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 4774 65089 SH SOLE 65089 COMPLETE GENOMICS INC COM 20454K104 1286 84141 SH OTHER 84141 COMPLETE GENOMICS INC COM 20454K104 38122 2494866 SH SOLE 38121 COMSTOCK RES INC COM NEW 205768203 489 17000 SH SOLE 17000 CONCHO RES INC COM 20605P101 2342 25501 SH SOLE 25501 CONOCOPHILLIPS COM 20825C104 2530 33650 SH SOLE 33650 COVENTRY HEALTH CARE INC COM 222862104 1597 43781 SH OTHER 43781 CYBERONICS INC COM 23251P102 1597 57122 SH SOLE 57122 DEALERTRACK HLDGS INC COM 242309102 1108 48282 SH SOLE 48282 DELL INC COM 24702R101 1163 69750 SH SOLE 69750 DELTA AIR LINES INC DEL COM NEW 247361702 1014 110555 SH SOLE 110555 DENDREON CORP COM 24823Q107 934 23687 SH OTHER 23687 DUPONT FABROS TECHNOLOGY INC COM 26613Q106 13124 520796 SH SOLE 520796 E M C CORP MASS COM 268648102 8248 299400 SH SOLE 299400 ENERGY PARTNERS LTD COM NEW 29270U303 1200 81000 SH SOLE 81000 ENTERPRISE PRODS PARTNERS L COM 293792107 2277 52700 SH SOLE 52700 ENTRAVISION COMMUNICATIONS C CL A 29382R107 2466 1332712 SH SOLE 1332712 EQUINIX INC COM NEW 29444U502 27759 274788 SH SOLE 274788 ETFS PALLADIUM TR SH BEN INT 26923A106 982 13000 SH SOLE 13000 EXAMWORKS GROUP INC COM 30066A105 4778 188200 SH SOLE 188200 FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 2077 225538 SH SOLE 225538 FIVE STAR QUALITY CARE INC COM 33832D106 658 113240 SH OTHER 113240 GARDNER DENVER INC COM 365558105 7913 94144 SH SOLE 94144 GARMIN LTD SHS H2906T109 2708 81983 SH SOLE 81983 GENERAL ELECTRIC CO COM 369604103 2159 114500 SH SOLE 114500 GENON ENERGY INC COM 37244E107 64 16658 SH SOLE 16658 GLOBALSTAR INC COM 378973408 10 8262 SH SOLE 8262 GRAY TELEVISION INC CL A 389375205 54 23543 SH SOLE 23543 HALOZYME THERAPEUTICS INC COM 40637H109 266 38428 SH OTHER 38428 HEALTH NET INC COM 42222G108 1284 40000 SH OTHER 40000 HEALTHSPRING INC COM 42224N101 577 12518 SH OTHER 12518 HEWLETT PACKARD CO COM 428236103 2128 58475 SH SOLE 58475 HIGHLAND CR STRATEGIES FD COM 43005Q107 2715 353490.879 SH SOLE 353490.879 HI-TECH PHARMACAL INC COM 42840B101 979 33856 SH OTHER 33856 HOSPIRA INC COM 441060100 1276 22516 SH OTHER 22516 HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 6538 269600 SH SOLE 269600 HUMANA INC COM 444859102 1637 20323 SH OTHER 20323 ICO GLOBAL COMM HLDGS LTD DE CL A 44930K108 119024 42968965 SH SOLE 42968965 ICONIX BRAND GROUP INC COM 451055107 17975 742776 SH SOLE 742776 IMPAX LABORATORIES INC COM 45256B101 1691 77595 SH OTHER 77595 INSULET CORP COM 45784P101 666 30050 SH OTHER 30050 ISHARES INC MSCI JAPAN 464286848 1804 173000 SH SOLE 173000 KANSAS CITY SOUTHERN COM NEW 485170302 17280 291250 SH SOLE 291250 KERYX BIOPHARMACEUTICALS INC COM 492515101 1354 286229 SH OTHER 286229 KEY ENERGY SVCS INC COM 492914106 2790 155000 SH SOLE 155000 LIFE TECHNOLOGIES CORP COM 53217V109 103 1977 SH OTHER 1977 LIFE TIME FITNESS INC COM 53217R207 16511 413700 SH SOLE 413700 LOCKHEED MARTIN CORP COM 539830109 1381 17050 SH SOLE 17050 LORAL SPACE & COMMUNICATNS I COM 543881106 104413 1502996 SH SOLE 1502996 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 65914 1711158 SH SOLE 1711158 MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 2760 100000 SH SOLE 100000 MACYS INC COM 55616P104 6368 217800 SH SOLE 217800 MAGELLAN HEALTH SVCS INC COM NEW 559079207 657 12000 SH OTHER 12000 MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 1129 97991.875 SH SOLE 97991.875 MBIA INC COM 55262C100 697 80200 SH SOLE 80200 MCKESSON CORP COM 58155Q103 17801 212800 SH SOLE 212800 MEDICINOVA INC COM NEW 58468P206 502 186757 SH OTHER 186757 MEDIDATA SOLUTIONS INC COM 58471A105 177 7400 SH OTHER 7400 MEDQUIST HLDGS INC COM 58506K102 460 35574 SH SOLE 35574 METROPCS COMMUNICATIONS INC COM 591708102 20100 1167900 SH SOLE 1167900 METROPOLITAN HEALTH NETWORKS COM 592142103 1608 335670 SH OTHER 335670 MICROS SYS INC COM 594901100 21312 428722 SH SOLE 428722 MICROVISION INC DEL *W EXP 07/23/201 594960163 982 3218884 SH SOLE 3218884 MICROVISION INC DEL COM 594960106 4452 3649326 SH SOLE 3649326 MYLAN INC COM 628530107 2743 111206 SH SOLE 111206 MYREXIS INC COM 62856H107 949 265032 SH OTHER 265032 NATIONAL CINEMEDIA INC COM 635309107 896 53000 SH SOLE 53000 NAVISTAR INTL CORP NEW COM 63934E108 5441 96364 SH SOLE 96364 NCR CORP NEW COM 62886E108 20409 1080400 SH SOLE 1080400 NIELSEN HOLDINGS N V COM N63218106 5412 173700 SH SOLE 173700 NPS PHARMACEUTICALS INC COM 62936P103 813 86032 SH OTHER 86032 NRG ENERGY INC COM NEW 629377508 1963 79850 SH SOLE 79850 OCWEN FINL CORP COM NEW 675746309 7518 589195 SH SOLE 589195 PACIFIC CAP BANCORP NEW COM NEW 69404P200 7387 232370.87 SH SOLE 232370.87 PENSON WORLDWIDE INC COM 709600100 3960 1109192 SH SOLE 1109192 PHARMATHENE INC CALL 71714G902 0 100 SH OTHER 100 PHARMATHENE INC COM 71714G102 416 141457 SH OTHER 141457 PHC INC MASS CL A 693315103 745 225848 SH OTHER 225848 PMC COML TR SH BEN INT 693434102 0 1 SH SOLE 1 POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 1725 60000 SH SOLE 60000 PROSHARES TR SHRT RUSSL2000 74347X690 59 3438 SH OTHER 3438 PROSHARES TR II ULTRA SILVER 74347W841 1377 8350 SH SOLE 8350 PROSHARES TR II ULTRASHORT YEN 74347W858 2640 174500 SH SOLE 174500 PROSHARES TR II ULTRASHRT EURO 74347W882 4004 238898 SH SOLE 238898 PROTECTIVE LIFE CORP COM 743674103 3541 153100 SH SOLE 153100 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 1000 41481 SH OTHER 41481 QUICKSILVER RESOURCES INC COM 74837R104 12 800 SH SOLE 800 RADIENT PHARMACEUTICALS CORP COM 750341109 0 1 SH OTHER 1 RANGE RES CORP COM 75281A109 3857 69500 SH SOLE 69500 REGAL ENTMT GROUP CL A 758766109 3180 257500 SH SOLE 257500 RESEARCH IN MOTION LTD COM 760975102 577 20000 SH SOLE 20000 RIGEL PHARMACEUTICALS INC COM NEW 766559603 722 78735 SH OTHER 78735 RIGHTNOW TECHNOLOGIES INC COM 76657R106 3765 116200 SH SOLE 116200 ROSETTA RESOURCES INC COM 777779307 7458 144700 SH SOLE 144700 RTI INTL METALS INC COM 74973W107 821 21387 SH SOLE 21387 SEAGATE TECHNOLOGY PLC SHS G7945M107 4913 304000 SH SOLE 304000 SEASPAN CORP SHS Y75638109 2025 138600 SH SOLE 138600 SERVICESOURCE INTL LLC COM 81763U100 5168 232600 SH SOLE 232600 SOLUTIA INC COM NEW 834376501 4766 208558 SH SOLE 208558 SPANSION INC COM CL A NEW 84649R200 4447 230750 SH SOLE 230750 SPDR SERIES TRUST SPDR KBW BK ETF 78464A797 8692 362300 SH SOLE 362300 STEWART ENTERPRISES INC CL A 860370105 344 47138 SH OTHER 47138 SXC HEALTH SOLUTIONS CORP COM 78505P100 943 16000 SH OTHER 16000 TARGACEPT INC COM 87611R306 915 43429 SH OTHER 43429 TEMPUR PEDIC INTL INC COM 88023U101 4287 63211 SH SOLE 63211 THRESHOLD PHARMACEUTICAL INC COM NEW 885807206 199 118922 SH OTHER 118922 TORCHMARK CORP COM 891027104 2136 33300 SH SOLE 33300 TOTAL S A SPONSORED ADR 89151E109 2000 34571 SH SOLE 34571 TOWERS WATSON & CO CL A 891894107 16723 254500 SH SOLE 254500 UNITEDHEALTH GROUP INC COM 91324P102 666 12913 SH OTHER 12913 UNIVERSAL AMERN SPIN CORP COM 91338E101 679 62000 SH OTHER 62000 UROPLASTY INC COM NEW 917277204 240 32000 SH OTHER 32000 WALGREEN CO COM 931422109 1062 25000 SH OTHER 25000 WESTERN DIGITAL CORP COM 958102105 4944 135901 SH SOLE 135901