James Dondero’s Highland Capital Management Lp Bought Nexpoint Residential Trust Inc’s Shares

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James Dondero’s Highland Capital Management Lp increased Position in NexPoint Residential Trust Inc (NYSE:NXRT)

Highland Capital Management Lp has filled a SC 13D/A form regarding Nexpoint Residential Trust, Inc 20.75 +0.02 0.10%. Filing Link: 000119312515309547. Per James Dondero’s Highland Capital Management Lp’s filing, the filler reported increased stake in the company by 0.83% to 3,345,672 shares. James Dondero’s Highland Capital Management Lp now owns 15.7% of the company. This form was required due to trading activity on August 28, 2015.

The $15.04 billion hedge fund looks more positive after such an increase of Nexpoint Residential Trust, Inc’s position.

The hedge fund has been active in the Finance sector recently. In the fund’s latest 13F, it revealed several positions. This sector is 23% of James Dondero’s Highland Capital Management Lp’s US equities portfolio.

Form 13D is SEC filing that must be submitted within 10 days, by anyone who acquires beneficial ownership of more than 5% of any publicly traded securities. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing. These filings may be a precursor to hostile takeovers, company breakups, and other “change of control” events.

James Dondero’s Highland Capital Management Lp website.

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