SEC 13F Intelligence

Managers / Q2 2025 · view latest →

NEXPOINT ASSET MANAGEMENT, L.P.

CIK 0001469877 · 300 CRESCENT COURT, SUITE 700, DALLAS, TX, 75201 · 214-276-6300

Reported Value
$1.1B
Q2 2025
Positions
118
Filings on Record
27
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Nexpoint Asset Management, L.P. reported $1.1B in U.S.-listed holdings across 118 positions for Q2 2025.

Its largest position, NREF, represents 9.3% of the portfolio.

Compared with Q1 2025, the fund opened 30 new positions and exited 25.

Portfolio Metrics

Turnover
+58.4%
vs prior filed quarter
Top-10 Concentration
+52.4%
share of reported value
Largest Position
+9.3%
Nexpoint Real Estate Fin
New / Exited
30 / 25
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q3 ’19: $1.6BQ3 ’19Q4 ’19: $1.3BQ1 ’20: $530MQ2 ’20: $444MQ3 ’20: $442MQ3 ’20Q4 ’20: $304MQ1 ’21: $383MQ2 ’21: $458MQ3 ’21: $581MQ3 ’21Q4 ’21: $710MQ1 ’22: $777MQ2 ’22: $1.1BQ3 ’22: $1.5BQ3 ’22Q4 ’22: $1.3BQ1 ’23: $924MQ2 ’23: $685MQ3 ’23: $732MQ3 ’23Q4 ’23: $664MQ1 ’24: $666MQ2 ’24: $770MQ3 ’24: $858MQ3 ’24Q4 ’24: $891MQ1 ’25: $1.1BQ2 ’25: $1.1BQ3 ’25: $1.2BQ3 ’25Q4 ’25: $1.4BQ1 ’26: $1.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 77.3%REIT: 17.2%MLP: 2.7%Other: 0.8%ADR: 0.8%Other: 1.2%
  • Common Stock · 77.3% · $846M
  • REIT · 17.2% · $188M
  • MLP · 2.7% · $29M
  • Other · 0.8% · $9M
  • ADR · 0.8% · $9M
  • Other · 1.2% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SKAASKECHERS U S A INCNEW+1.22M1.22M+$77M$77M
SWTXUSDSPRINGWORKS THERAPEUTICS INCNEW+1.58M1.58M+$74M$74M
2655787DBLUEPRINT MEDICINES CORPNEW+476.7K476.7K+$61M$61M
WBAWALGREENS BOOTS ALLIANCE INCNEW+4.40M4.40M+$50M$50M
AVDXAVIDXCHANGE HOLDINGS INCNEW+5.08M5.08M+$50M$50M
SCHN1EURRADIUS RECYCLING INCNEW+1.32M1.32M+$39M$39M
SITIO ROYALTIES CORPNEW+1.26M1.26M+$23M$23M
INFA1EURINFORMATICA INCNEW+778.1K778.1K+$19M$19M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NREFNEXPOINT REAL ESTATE FIN INChistory →COM10.78%$118M8.56M
2SKAASKECHERS U S A INChistory →CL A7.00%$77M1.22M
3SWTXUSDSPRINGWORKS THERAPEUTICS INChistory →COM6.79%$74M1.58M
4JNPJUNIPER NETWORKS INChistory →COM5.78%$63M1.58M
52655787DBLUEPRINT MEDICINES CORPhistory →COM5.58%$61M476.7K
6WBAWALGREENS BOOTS ALLIANCE INChistory →COM4.36%$48M4.16M
7AVDXAVIDXCHANGE HOLDINGS INChistory →COM4.29%$47M4.80M
8HESHESS CORPhistory →COM3.78%$41M298.6K
9TXNMTXNM ENERGY INChistory →COM3.73%$41M725.7K
10SCHN1EURRADIUS RECYCLING INChistory →CL A3.59%$39M1.32M
11FYBRFRONTIER COMMUNICATIONS PAREhistory →COM3.22%$35M967.8K
12KELKELLANOVAhistory →COM2.99%$33M411.1K
13NXRTNEXPOINT RESIDENTIAL TR INChistory →COM2.64%$29M866.5K
14SITIO ROYALTIES CORPCLASS A COM2.12%$23M1.26M
15DNBDUN & BRADSTREET HLDGS INChistory →COM2.09%$23M2.52M
16ETENERGY TRANSFER L Phistory →COM UT LTD PTN1.97%$22M1.19M
17INFA1EURINFORMATICA INChistory →COM CL A1.64%$18M736.5K
18NXDTNEXPOINT DIVERSIFIED REL EThistory →COM NEW1.46%$16M3.82M
19BASECOUCHBASE INChistory →COM1.43%$16M641.0K
20ETWOGBPE2OPEN PARENT HOLDINGS INChistory →COM CL A1.41%$15M4.77M
21VSTVISTRA CORPhistory →COM1.34%$15M75.5K
22TSATTELESAT CORPhistory →CL A & CL B SHS1.09%$12M487.2K
23TALOTALOS ENERGY INChistory →COM1.07%$12M1.38M
24TRGPTARGA RES CORPhistory →COM1.05%$11M65.8K
25WSRWHITESTONE REIThistory →COM1.00%$11M875.3K
26AZEKAZEK CO INCCL A0.69%$8M139.0K
27BRAEMAR HOTELS & RESORTS INC5.5 CUM CV PFD B0.67%$7M556.9K
28GUILD HLDGS COCL A0.57%$6M317.8K
29WESWESTERN MIDSTREAM PARTNERS LCOM UNIT LP INT0.49%$5M139.1K
30VSXYVICTORIAS SECRET AND COCOMMON STOCK0.45%$5M265.5K
31PSXPHILLIPS 66COM0.40%$4M36.5K
32AREALEXANDRIA REAL ESTATE EQ INCOM0.37%$4M56.0K
33DKSDICKS SPORTING GOODS INCCOM0.36%$4M20.0K
34YETIYETI HLDGS INCCOM0.36%$4M125.0K
35CEPUCENTRAL PUERTO S ASPONSORED ADR0.35%$4M327.8K
36IPINTERNATIONAL PAPER COCOM0.31%$3M72.0K
37SHCSOTERA HEALTH COCOM0.31%$3M300.6K
38RCREADY CAPITAL CORPCOM0.30%$3M756.5K
39HIGHLAND OPPS & INCOME FDHIGHLAND INCOME0.28%$3M584.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.5B123May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.4B116Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.2B132Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.1B118Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.1B116May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$891M126Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$858M130Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$770M117Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$666M114May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$664M93Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$732M106Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$685M129Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$924M111May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.3B136Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.5B157Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.1B156Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$777M174May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$710M233Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$581M186Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$458M179Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$383M174May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$304M154Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$442M173Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$444M212Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$530M245May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.3B337Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.6B394Nov 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • NexPoint Advisors, L.P.028-16920

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.