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Highland Capital Management

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uuid0002r4f

Namestring
Highland Capital Management
Legal namestring
Highland Capital Management LLC
Company typeenum
Private
Founded yearint
1993
Descriptiontext

Highland Capital Management is a private, Dallas-based investment management firm founded in 1993 that operates as an SEC-registered investment adviser. Per its own materials, the firm together with its affiliates oversees approximately $17.7 (units truncated in the provided source) in assets, serving institutional investors through actively managed equity portfolios and other mandates. The firm maintains regulatory visibility through 13F filings with the SEC, and Q3/Q4 2025 filings show meaningful active positions in large-cap public equities including Apple Inc. and Royal Caribbean Cruises Ltd., consistent with a long-only or long-biased public-equity mandate. The firm employs 51-100 people, and distribution is institutional rather than retail; pricing and fee structures are not publicly disclosed.

Beyond its core advisory operations, Highland has historically operated a capital-deployment program beyond pure financial-portfolio management, acquiring operating companies including American HomePatient in 2010 and Structural and Steel Products in 2017 (both for undisclosed amounts). This indicates a secondary direct-investment or special-situations capability built alongside the advisory franchise. The firm's primary website (hcmlp.com) is currently behind a misconfigured web firewall and is not accessible to the public, which constrains transparency into current strategy, product lineup, and team.

Short descriptiontext

Highland Capital Management is a private, Dallas-based SEC-registered investment adviser founded in 1993 that manages multi-billion-dollar assets for institutional investors through actively managed equity portfolios and select operating-company investments.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersDallas, United States
HQ citystring
Dallas
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
institutional asset management, investment advisory services, public equity portfolios, portfolio management, SEC-registered adviser
Industry2 codes
1Advisory Portfolio Management (Non-Discretionary)
CodeFSAAABADPrimaryYes
2Corporate Finance & Capital Advisory
CodeBPAHADABPrimaryNo
NAICS code3 codes
  • Portfolio Management and Investment Advice523940
  • Portfolio Management and Investment Advice52394
  • Securities, Commodity Contracts, and Other Financial Investments and Related Activities523
SIC code1 code
  • Investment Advice6282
Product category
Institutional Asset Management
Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Highland Capital Management is an SEC-registered institutional investment adviser that manages equity portfolios on behalf of institutional investors, with affiliates reporting approximately $17.7 billion in assets under management. The firm actively allocates capital across publicly traded equities, as evidenced by 13F filings showing positions in companies such as Apple Inc. and Royal Caribbean Cruises Ltd.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Institutional Investment Advisory
CategoryInstitutional Asset Management
Description

SEC-registered investment advisory service managing equity portfolios on behalf of institutional investors, including active allocation to publicly traded equities such as Apple Inc. and Royal Caribbean Cruises Ltd., reported through 13F filings with the SEC.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Dallas-based institutional asset manager focused on equity portfolios for institutional and high-net-worth clients. Highly comparable to Highland in geography, scale (mid-sized), and mandate mix (active public-equity).

TypeDirect peer
Description

Houston-based active equity manager serving institutional and intermediary clients. Closely comparable to Highland as a Texas-based, mid-sized institutional equity specialist with a multi-decade track record.

TypeDirect peer
Description

Specialist active equity manager focused on real assets and income-oriented equities for institutional clients. Comparable to Highland as a focused, institutional active-equity platform.

TypeDirect peer
Description

Mid-sized multi-asset manager providing active equity and multi-asset strategies to institutional and intermediary clients. Comparable in scale, active-equity orientation, and institutional client base.

TypeDirect peer
Description

Privately-held active equity manager focused on fundamental, value-oriented mandates for institutional clients. Highly comparable as a private, mid-sized, institutionally-focused active equity firm.

TypeBroad incumbent
Description

Large, established multi-asset manager offering active equity and fixed-income strategies to institutional clients. Comparable to Highland as an institutional active manager but materially larger and more diversified.

TypeBroad incumbent
Description

Established diversified asset manager with significant institutional active-equity and fixed-income offerings. Comparable in mandate overlap (active institutional equities) but operates at much larger scale and across more asset classes.

TypeBroad incumbent
Description

Multi-boutique asset management holding company owning stakes in specialist active managers. Relevant as both a potential acquirer of a mid-sized institutional manager like Highland and as a structural peer in the institutional asset-management space.

TypeDirect peer
Description

Mid-sized active equity manager serving institutional and high-net-worth clients with fundamental strategies. Comparable as a private, focused, mid-sized institutional equity specialist.

TypeBroad incumbent
Description

Large, established private partnership managing active equity and multi-asset portfolios for institutional clients globally. Comparable in institutional active-equity orientation and private partnership structure, though operating at materially greater scale.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment2 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Highland Capital Management

Institutional Asset Managementhcmlp.com

Highland Capital Management is a private, Dallas-based SEC-registered investment adviser founded in 1993 that manages multi-billion-dollar assets for institutional investors through actively managed equity portfolios and select operating-company investments.

What Highland Capital Management does

Highland Capital Management is a private, Dallas-based investment management firm founded in 1993 that operates as an SEC-registered investment adviser. Per its own materials, the firm together with its affiliates oversees approximately $17.7 (units truncated in the provided source) in assets, serving institutional investors through actively managed equity portfolios and other mandates. The firm maintains regulatory visibility through 13F filings with the SEC, and Q3/Q4 2025 filings show meaningful active positions in large-cap public equities including Apple Inc. and Royal Caribbean Cruises Ltd., consistent with a long-only or long-biased public-equity mandate. The firm employs 51-100 people, and distribution is institutional rather than retail; pricing and fee structures are not publicly disclosed.

Beyond its core advisory operations, Highland has historically operated a capital-deployment program beyond pure financial-portfolio management, acquiring operating companies including American HomePatient in 2010 and Structural and Steel Products in 2017 (both for undisclosed amounts). This indicates a secondary direct-investment or special-situations capability built alongside the advisory franchise. The firm's primary website (hcmlp.com) is currently behind a misconfigured web firewall and is not accessible to the public, which constrains transparency into current strategy, product lineup, and team.

Highland Capital Management firmographics

Firmographics
Name
Highland Capital Management
Legal name
Highland Capital Management LLC
Website
http://www.hcmlp.com
Company type
Private
Founded year
1993
Operating status
Operating
Headcount range
51–100 employees
Short description
Highland Capital Management is a private, Dallas-based SEC-registered investment adviser founded in 1993 that manages multi-billion-dollar assets for institutional investors through actively managed equity portfolios and select operating-company investments.
Ownership category
akta.pro rank

Highland Capital Management industry classification

Industry
Product category
Institutional Asset Management
NAICS
Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
SIC
Investment Advice (6282)
akta.pro primary industry
Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
akta.pro secondary industry
Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

  • Institutional asset management
  • Investment advisory services
  • Public equity portfolios
  • Portfolio management
  • SEC-registered adviser

Where Highland Capital Management is headquartered

Location

Headquarters

HQ city
Dallas
HQ country
United States
HQ region
North America

Markets served

Highland Capital Management business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Highland Capital Management product offering

Product offering

Core offering

Highland Capital Management is an SEC-registered institutional investment adviser that manages equity portfolios on behalf of institutional investors, with affiliates reporting approximately $17.7 billion in assets under management. The firm actively allocates capital across publicly traded equities, as evidenced by 13F filings showing positions in companies such as Apple Inc. and Royal Caribbean Cruises Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

  • Institutional Investment Advisory SEC-registered investment advisory service managing equity portfolios on behalf of institutional investors, including active allocation to publicly traded equities such as Apple Inc. and Royal Caribbean Cruises Ltd., reported through 13F filings with the SEC.

Companies that use Highland Capital Management

Customer profile

Ideal customer profiles1 record

Highland Capital Management technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Highland Capital Management partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights4 records

Highland Capital Management competitors and assessment

Company assessment

Direct peers

  • Westwood Holdings Group: Dallas-based institutional asset manager focused on equity portfolios for institutional and high-net-worth clients. Highly comparable to Highland in geography, scale (mid-sized), and mandate mix (active public-equity).
  • Vaughan Nelson Investment Management: Houston-based active equity manager serving institutional and intermediary clients. Closely comparable to Highland as a Texas-based, mid-sized institutional equity specialist with a multi-decade track record.
  • Cohen & Steers: Specialist active equity manager focused on real assets and income-oriented equities for institutional clients. Comparable to Highland as a focused, institutional active-equity platform.
  • Manning & Napier: Mid-sized multi-asset manager providing active equity and multi-asset strategies to institutional and intermediary clients. Comparable in scale, active-equity orientation, and institutional client base.
  • Ariel Investments: Privately-held active equity manager focused on fundamental, value-oriented mandates for institutional clients. Highly comparable as a private, mid-sized, institutionally-focused active equity firm.
  • Roosevelt Investment Group: Mid-sized active equity manager serving institutional and high-net-worth clients with fundamental strategies. Comparable as a private, focused, mid-sized institutional equity specialist.

Broad incumbents

  • Loomis Sayles: Large, established multi-asset manager offering active equity and fixed-income strategies to institutional clients. Comparable to Highland as an institutional active manager but materially larger and more diversified.
  • Eaton Vance: Established diversified asset manager with significant institutional active-equity and fixed-income offerings. Comparable in mandate overlap (active institutional equities) but operates at much larger scale and across more asset classes.
  • Affiliated Managers Group: Multi-boutique asset management holding company owning stakes in specialist active managers. Relevant as both a potential acquirer of a mid-sized institutional manager like Highland and as a structural peer in the institutional asset-management space.
  • Wellington Management: Large, established private partnership managing active equity and multi-asset portfolios for institutional clients globally. Comparable in institutional active-equity orientation and private partnership structure, though operating at materially greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Highland Capital Management social profiles

Digital presence

Highland Capital Management financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Highland Capital Management leadership team

Management profile

Number of profiles

Highland Capital Management funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Highland Capital Management M&A and investment

M&A and investment

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Highland Capital Management

What does Highland Capital Management do?

Highland Capital Management is an SEC-registered institutional investment adviser that manages equity portfolios on behalf of institutional investors, with affiliates reporting approximately $17.7 billion in assets under management. The firm actively allocates capital across publicly traded equities, as evidenced by 13F filings showing positions in companies such as Apple Inc. and Royal Caribbean Cruises Ltd.

Is Highland Capital Management a public or private company?

Highland Capital Management is a private company. It is classified as unknown and is currently operating.

When was Highland Capital Management founded?

Highland Capital Management was founded in 1993. It employs 51 to 100 people.

Where is Highland Capital Management based?

Highland Capital Management is headquartered in Dallas, United States, in the North America region.

Who are Highland Capital Management's main competitors?

Direct peers on record are Westwood Holdings Group, Vaughan Nelson Investment Management, Cohen & Steers, Manning & Napier, Ariel Investments and Roosevelt Investment Group. Broad incumbents are Loomis Sayles, Eaton Vance, Affiliated Managers Group and Wellington Management.

Does Highland Capital Management have an API?

No public API is recorded for Highland Capital Management.

What industry is Highland Capital Management in?

Highland Capital Management's product category is Institutional Asset Management. Its primary akta.pro industry code is FSAAABAD, Advisory Portfolio Management (Non-Discretionary), with a secondary code of BPAHADAB, Corporate Finance & Capital Advisory. Its NAICS code is 523940 and its SIC code is 6282.

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WsjSupreme Court Keeps Novel-Writing Bankruptcy Judge on Fund Manager’s CaseThe U.S. Supreme Court declined to examine claims of bias against Dallas bankruptcy Judge Stacey Jernigan, who published a legal thriller titled "Hedging Death" featuring similarities to a real case before her. The justices left in place an appellate ruling allowing Judge Jernigan to remain on the Chapter 11 bankruptcy case of Highland Capital Management, the asset manager co-founded by hedge-fund trader James Dondero.MarketBeatHighland Capital Management LLC Raises Stock Position in Royal Caribbean Cruises Ltd. $RCLHighland Capital Management LLC raised its position in Royal Caribbean Cruises Ltd. by 63.7% during Q3, acquiring 6,479 additional shares to hold 16,649 shares valued at approximately $5.387 million, according to its 13F filing with the SEC. The cruise company reported Q3 earnings of $5.75 per share, beating consensus estimates by $0.07, and its board subsequently approved a $2 billion stock repurchase plan while maintaining a $1.00 per share quarterly dividend. The stock carries a "Moderate Buy" consensus rating among analysts with an average price target of $324.82.MarketBeatHighland Capital Management LLC Has $3.19 Million Holdings in Royal Caribbean Cruises Ltd. $RCLHighland Capital Management reduced its Royal Caribbean stake by 35.7% in Q2, selling 5,658 shares. RCL reported Q2 EPS of $4.38, beating estimates, and declared a $1.00 quarterly dividend. Analysts rate the stock a Moderate Buy with an average target of $326.95.MarketBeatHighland Capital Management LLC Trims Stock Position in Caterpillar Inc. $CATHighland Capital Management reduced its Caterpillar stake by 11.3% in Q2, selling 2,060 shares and holding 16,208 shares worth $6.29 million. Other institutions like UBS, Schwab, and Goldman Sachs increased positions, while analysts rate the stock a Moderate Buy with an average price target of $466.53.MarketBeatHighland Capital Management LLC Increases Holdings in Camden Property Trust $CPTHighland Capital Management increased its Camden Property Trust stake by 17.3% in Q2, holding 24,767 shares worth $2.79 million. The REIT reported Q2 EPS of $1.70, beating estimates, and declared a $1.05 quarterly dividend. Analysts rate the stock a Hold with a consensus target of $121.73.MarketBeatThe Home Depot, Inc. $HD Shares Sold by Highland Capital Management LLCHighland Capital Management LLC reduced its Home Depot stake by 18.8% in Q2, selling 3,105 shares and holding 13,423 shares worth $4.92 million. Other institutional investors, including Asset Planning Services and Nuveen, increased positions, while analysts rate the stock a Moderate Buy with a $436.40 price target.MarketBeatHighland Capital Management LLC Sells 40,928 Shares of Chevron Corporation $CVXHighland Capital Management LLC sold 40,928 Chevron shares in Q2, trimming its stake by 49.5% to 41,784 shares worth $5.98 million. Insider sales included VP Alana Knowles and Director John Hess, while analysts rate the stock a Hold with a $165.05 price target.MarketBeatUber Technologies, Inc. $UBER Shares Sold by Highland Capital Management LLCHighland Capital Management reduced its Uber stake by 17.1% in Q2, selling 28,437 shares, leaving it with 137,970 shares worth $12.87 million. Other funds like Vanguard and Pershing Square increased positions, while analysts rate Uber a Moderate Buy with an average target of $104.03.MarketBeatHighland Capital Management LLC Has $26.45 Million Stock Position in The Goldman Sachs Group, Inc. $GSHighland Capital Management cut its Goldman Sachs stake by 7.1% in Q2, leaving 37,365 shares worth $26.45 million. The fund's GS position is 1.4% of its portfolio and its 12th largest holding. Analysts rate GS a Hold with a $717 consensus price target.PR NewswireHighland Capital Management Fund Advisors Announces Portfolio Manager Updates for the Highland/iBoxx Senior Loan ETFHighland Capital Management Fund Advisors announced that David Owens was appointed as portfolio manager for the Highland/iBoxx Senior Loan ETF (SNLN), effective September 22, 2020, succeeding Jon Poglitsch who resigned from the firm to pursue other opportunities. The ETF aims to generate results corresponding to the Markit iBoxx USD Liquid Leveraged Loan Index, which consists of the 100 most liquid loans from the broader leveraged loan market. Owens previously served as a senior trading and structured products analyst for Highland since 2015.