0001144204-11-063233.txt : 20111114 0001144204-11-063233.hdr.sgml : 20111111 20111114061744 ACCESSION NUMBER: 0001144204-11-063233 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 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: 111197383 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 v239917_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: September 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 November 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: 172 Form 13F Information Table Value Total: 758,657 (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 COM 00448Q201 1,792 379,700 SH SHARED 379,700 ACI WORLDWIDE INC COM 004498101 7,887 286,400 SH SOLE 286,400 AERCAP HOLDINGS NV SHS N00985106 5,465 550,884 SH SOLE 550,884 AETNA INC NEW COM 00817Y108 6,923 190,500 SH SHARED 190,500 AFFYMAX INC COM 00826A109 354 79,000 SH SHARED 79,000 AFLAC INC COM 001055102 3,274 93,668 SH SOLE 93,668 AIRGAS INC COM 009363102 14,987 234,840 SH SOLE 234,840 ALLERGAN INC COM 018490102 1,337 16,227 SH SHARED 16,227 ALLIANCE DATA SYSTEMS CORP COM 018581108 25,835 278,700 SH SOLE 278,700 AMARIN CORP PLC SPONS ADR NEW 023111206 699 76,000 SH SOLE 76,000 AMAZON COM INC COM 023135106 4,195 19,400 SH SOLE 19,400 AMDOCS LTD ORD G02602103 1,817 67,000 SH SOLE 67,000 AMERICAN CARESOURCE HLDGS IN COM 02505A103 26 42,810 SH SHARED 42,810 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 4,335 369,880 SH SOLE 369,880 AMERIGROUP CORP COM 03073T102 3,095 79,350 SH SHARED 79,350 AMSURG CORP COM 03232P405 338 15,000 SH SHARED 15,000 ANADARKO PETE CORP COM 032511107 6,876 109,057 SH SOLE 109,057 ANTHERA PHARMACEUTICALS INC COM 03674U102 405 85,000 SH SHARED 85,000 APPLE INC COM 037833100 24,614 64,550 SH SOLE 64,550 ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 7,711 332,500 SH SOLE 332,500 ARROW ELECTRS INC COM 042735100 3,142 113,093 SH SOLE 113,093 ARTHROCARE CORP COM 043136100 1,962 68,206 SH SHARED 68,206 AT&T INC COM 00206R102 1,018 35,700 SH SOLE 35,700 AUXILIUM PHARMACEUTICALS INC COM 05334D107 300 20,000 SH SHARED 20,000 AVAGO TECHNOLOGIES LTD SHS Y0486S104 6,931 211,500 SH SOLE 211,500 BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 978 361,000 SH SOLE 361,000 BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 1,020 1,200,000 SH SOLE 1,200,000 BE AEROSPACE INC COM 073302101 9,741 294,200 SH SOLE 294,200 BEST BUY INC COM 086516101 545 23,396 SH SOLE 23,396 BIOGEN IDEC INC COM 09062X103 1,770 19,000 SH SHARED 19,000 BIOSANTE PHARMACEUTICALS INC COM NEW 09065V203 595 260,828 SH SHARED 260,828 BODY CENT CORP COM 09689U102 2,313 127,389 SH SOLE 127,389 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 876 43,500 SH SOLE 43,500 CABOT OIL & GAS CORP COM 127097103 6,389 103,200 SH SOLE 103,200 CALPINE CORP COM NEW 131347304 3,984 282,947 SH SOLE 282,947 CAPSTEAD MTG CORP COM NO PAR 14067E506 19,180 1,662,069 SH SOLE 1,662,069 CASH AMER INTL INC COM 14754D100 3,950 77,200 SH SOLE 77,200 CERNER CORP COM 156782104 6,729 98,200 SH SOLE 98,200 CHESAPEAKE ENERGY CORP COM 165167107 3,884 152,000 SH SOLE 152,000 CIGNA CORP COM 125509109 2,292 54,652 SH SHARED 54,652 CLEARWIRE CORP NEW CL A 18538Q105 832 357,243 SH SOLE 357,243 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 6,476 103,289 SH SOLE 103,289 COMMUNITY HEALTH SYS INC NEW COM 203668108 885 53,200 SH SHARED 53,200 COMPLETE GENOMICS INC COM 20454K104 15,781 2,716,953 SH SHARED 2,716,953 COMSTOCK RES INC COM NEW 205768203 263 17,000 SH SOLE 17,000 CONOCOPHILLIPS COM 20825C104 2,131 33,650 SH SOLE 33,650 COOPER COS INC COM NEW 216648402 3,000 37,900 SH SOLE 37,900 COVENTRY HEALTH CARE INC COM 222862104 735 25,500 SH SHARED 25,500 DECKERS OUTDOOR CORP COM 243537107 5,441 58,400 SH SOLE 58,400 DELL INC COM 24702R101 646 45,680 SH SOLE 45,680 DELTA AIR LINES INC DEL COM NEW 247361702 918 122,398 SH SOLE 122,398 DISH NETWORK CORP CL A 25470M109 1,121 44,750 SH SOLE 44,750 DUPONT FABROS TECHNOLOGY INC COM 26613Q106 8,065 409,596 SH SOLE 409,596 ENDOCYTE INC COM 29269A102 674 63,631 SH SHARED 63,631 ENTERPRISE PRODS PARTNERS L COM 293792107 2,644 65,848 SH SOLE 65,848 ENTRAVISION COMMUNICATIONS C CL A 29382R107 1,359 1,332,712 SH SOLE 1,332,712 EQUINIX INC COM NEW 29444U502 19,828 223,218 SH SOLE 223,218 ETFS PALLADIUM TR SH BEN INT 26923A106 629 10,475 SH SOLE 10,475 EXACT SCIENCES CORP COM 30063P105 332 50,000 SH SHARED 50,000 EXPRESS SCRIPTS INC COM 302182100 741 20,000 SH SHARED 20,000 FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 971 225,708 SH SOLE 225,708 FINISAR CORP COM NEW 31787A507 82 4,678 SH SOLE 4,678 FIVE STAR QUALITY CARE INC COM 33832D106 175 70,000 SH SHARED 70,000 GARMIN LTD SHS H2906T109 3,936 123,901 SH SOLE 123,901 GENERAL ELECTRIC CO COM 369604103 9,118 599,100 SH SOLE 599,100 GENESCO INC COM 371532102 2,577 50,000 SH SOLE 50,000 GENON ENERGY INC COM 37244E107 46 16,658 SH SOLE 16,658 GEN-PROBE INC NEW COM 36866T103 573 10,000 SH SHARED 10,000 GNC HLDGS INC COM CL A 36191G107 5,618 279,200 SH SOLE 279,200 GRAY TELEVISION INC CL A 389375205 33 23,543 SH SOLE 23,543 GREEN MTN COFFEE ROASTERS IN COM 393122106 6,933 74,600 SH SOLE 74,600 HEALTH NET INC COM 42222G108 735 31,000 SH SHARED 31,000 HEALTHSPRING INC COM 42224N101 1,573 43,135 SH SHARED 43,135 HEWLETT PACKARD CO COM 428236103 1,313 58,475 SH SOLE 58,475 HIGHLAND CR STRATEGIES FD COM 43005Q107 3,924 632,941 SH SOLE 632,941 HI-TECH PHARMACAL INC COM 42840B101 1,566 46,600 SH SHARED 46,600 HOLLYFRONTIER CORP COM ADDED 436106108 18 250 SH SOLE 250 HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 6,442 303,419 SH SOLE 303,419 ICONIX BRAND GROUP INC COM 451055107 395 24,976 SH SOLE 24,976 INSULET CORP COM 45784P101 824 54,000 SH SHARED 54,000 ISHARES INC MSCI JAPAN COM 464286848 1,637 173,000 SH SOLE 173,000 ISHARES TR BARCLYS 20+ YR 464287432 2,054 17,000 SH SOLE 17,000 ISHARES TR RUSL 2000 COM 464287655 10 3,500 SH SOLE 3,500 ISHARES TR RUSL 2000 GROW COM 464287648 441 6,000 SH SOLE 6,000 ISHARES TR RUSSELL1000GRW COM 464287614 841 16,000 SH SOLE 16,000 ISHARES TR RUSSELL1000VAL COM 464287598 396 7,000 SH SOLE 7,000 JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 396 42,500 SH SOLE 42,500 KANSAS CITY SOUTHERN COM NEW 485170302 5,809 116,270 SH SOLE 116,270 KERYX BIOPHARMACEUTICALS INC COM 492515101 984 328,000 SH SHARED 328,000 LAUDER ESTEE COS INC CL A 518439104 6,685 76,100 SH SOLE 76,100 LIFE TECHNOLOGIES CORP COM 53217V109 128 3,331 SH SHARED 3,331 LIFE TIME FITNESS INC COM 53217R207 9,117 247,400 SH SOLE 247,400 LILLY ELI & CO COM 532457108 1,046 28,300 SH SOLE 28,300 LIMITED BRANDS INC COM 532716107 4,275 111,000 SH SOLE 111,000 LOCKHEED MARTIN CORP COM 539830109 858 11,817 SH SOLE 11,817 LORAL SPACE & COMMUNICATNS I COM 543881106 80,419 1,605,171 SH SOLE 1,605,171 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 36,239 1,483,372 SH SOLE 1,483,372 MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 2,244 100,000 SH SOLE 100,000 MACYS INC COM 55616P104 13,873 527,100 SH SOLE 527,100 MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 659 97,992 SH SOLE 97,992 MASTERCARD INC CL A 57636Q104 7,073 22,300 SH SOLE 22,300 MBIA INC COM 55262C100 898 123,553 SH SOLE 123,553 MEDICINOVA INC COM NEW 58468P206 1,393 647,847 SH SHARED 647,847 MEDQUIST HLDGS INC COM 58506K102 662 87,570 SH SHARED 87,570 MERCK & CO INC NEW COM 58933Y105 1,645 50,300 SH SHARED 50,300 METROPCS COMMUNICATIONS INC COM 591708102 3,766 432,663 SH SOLE 432,663 METROPOLITAN HEALTH NETWORKS COM 592142103 1,389 305,993 SH SHARED 305,993 MICROS SYS INC COM 594901100 9,206 209,570 SH SOLE 209,570 MICROVISION INC DEL *W EXP 07/23/201 594960163 676 3,218,884 SH SOLE 3,218,884 MICROVISION INC DEL COM 594960106 2,482 3,649,326 SH SOLE 3,649,326 MOLINA HEALTHCARE INC COM 60855R100 513 33,250 SH SHARED 33,250 MYLAN INC COM 628530107 2,478 145,853 SH SOLE 145,853 MYREXIS INC COM 62856H107 1,147 418,451 SH SHARED 418,451 NATIONAL CINEMEDIA INC COM 635309107 1,919 132,260 SH SOLE 132,260 NATUS MEDICAL INC DEL COM 639050103 884 93,000 SH SHARED 93,000 NCR CORP NEW COM 62886E108 15,485 916,838 SH SOLE 916,838 NEOSTEM INC COM NEW 640650305 190 291,681 SH SHARED 291,681 NEOSTEM INC WRTS 640650115 137 618,749 SH SHARED 618,749 NIELSEN HOLDINGS N V COM N63218106 5,505 211,093 SH SOLE 211,093 NORDION INC COM 65563C105 353 40,000 SH SHARED 40,000 NPS PHARMACEUTICALS INC COM 62936P103 1,077 165,400 SH SHARED 165,400 NRG ENERGY INC COM NEW 629377508 1,694 79,850 SH SOLE 79,850 OMNICELL INC COM 68213N109 795 57,687 SH SHARED 57,687 ONCOTHYREON INC COM 682324108 239 40,000 SH SHARED 40,000 PACIFIC CAP BANCORP NEW COM NEW 69404P200 4,033 158,040 SH SOLE 158,040 PALL CORP COM 696429307 382 9,000 SH SHARED 9,000 PAREXEL INTL CORP COM 699462107 76 4,000 SH SHARED 4,000 PENDRELL CORP COM ADDED 70686R104 95,278 42,345,757 SH SOLE 42,345,757 PENSON WORLDWIDE INC COM 709600100 3,326 2,293,482 SH SOLE 2,293,482 PHARMATHENE INC COM 71714G102 253 143,613 SH SHARED 143,613 PHC INC MASS CL A 693315103 681 288,618 SH SHARED 288,618 PIONEER NAT RES CO COM 723787107 3,315 50,400 SH SOLE 50,400 PITNEY BOWES INC COM 724479100 1,015 54,000 SH SOLE 54,000 POWERSHS DB MULTI SECT COMM DB OIL FUND COM 73936B507 1,382 60,000 SH SOLE 60,000 PROSHARES TR II ULTRA SILVER COM 74347W841 405 3,910 SH SOLE 3,910 PROSHARES TR II ULTRASHRT EURO COM 74347W882 4,606 238,898 SH SOLE 238,898 PROSHARES TR PSHS SH MSCI EAF COM 74347R370 2,796 50,000 SH SOLE 50,000 PROSHARES TR PSHS ULSHT SP500 COM 74347R883 1,020 40,000 SH SHARED 40,000 PROSHARES TR PSHS ULTSHRT QQQ COM 74347X237 870 16,000 SH SOLE 16,000 PROTECTIVE LIFE CORP COM 743674103 3,549 227,039 SH SOLE 227,039 QLT INC COM 746927102 611 83,575 SH SHARED 83,575 QUALCOMM INC COM 747525103 2,850 58,600 SH SOLE 58,600 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 428 15,700 SH SHARED 15,700 RAPTOR PHARMACEUTICAL CORP COM 75382F106 406 90,000 SH SHARED 90,000 RAYTHEON CO COM NEW 755111507 506 12,373 SH SOLE 12,373 REGAL ENTMT GROUP CL A 758766109 3,023 257,500 SH SOLE 257,500 RESEARCH IN MOTION LTD COM 760975102 244 12,000 SH SOLE 12,000 RIGHTNOW TECHNOLOGIES INC COM 76657R106 5,890 178,200 SH SOLE 178,200 RTI INTL METALS INC COM 74973W107 499 21,387 SH SOLE 21,387 SALIX PHARMACEUTICALS INC COM 795435106 592 20,000 SH SHARED 20,000 SANOFI SPONSORED ADR 80105N105 1,312 40,000 SH SHARED 40,000 SEAGATE TECHNOLOGY PLC SHS G7945M107 5,500 535,255 SH SOLE 535,255 SERVICESOURCE INTL LLC COM 81763U100 5,640 426,956 SH SOLE 426,956 SOLUTIA INC COM NEW 834376501 2,836 220,717 SH SOLE 220,717 SPANSION INC COM CL A NEW 84649R200 3,096 253,357 SH SOLE 253,357 SPDR GOLD TRUST GOLD SHS 78463V107 8,093 51,200 SH SOLE 51,200 STEWART ENTERPRISES INC CL A 860370105 605 101,704 SH SHARED 101,704 SXC HEALTH SOLUTIONS CORP COM 78505P100 1,393 25,000 SH SHARED 25,000 TARGACEPT INC COM 87611R306 721 48,042 SH SHARED 48,042 TERADATA CORP DEL COM 88076W103 10,208 190,700 SH SOLE 190,700 THORATEC CORP COM NEW 885175307 979 30,000 SH SHARED 30,000 THRESHOLD PHARMACEUTICAL INC COM NEW 885807206 161 111,763 SH SHARED 111,763 TORCHMARK CORP COM 891027104 2,336 67,010 SH SOLE 67,010 TOTAL S A SPONSORED ADR 89151E109 1,600 36,480 SH SOLE 36,480 TOWERS WATSON & CO CL A 891894107 8,046 134,600 SH SOLE 134,600 UNIVERSAL AMERN CORP NEW COM 91338E101 624 62,000 SH SHARED 62,000 UROPLASTY INC COM NEW 917277204 155 32,000 SH SHARED 32,000 VALEANT PHARMACEUTICALS INTL COM 91911K102 746 20,100 SH SHARED 20,100 WATSON PHARMACEUTICALS INC COM 942683103 11,179 163,800 SH SOLE 163,800 WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 296 38,407 SH SOLE 38,407 WESTERN DIGITAL CORP COM 958102105 5,918 230,106 SH SOLE 230,106 ZOGENIX INC COM 98978L105 549 300,000 SH SHARED 300,000