SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Highlander Partners, L.P.

CIK 0001903866 · 300 CRESCENT COURT, SUITE 550, DALLAS, TX, 75201 · 214-245-5000

Reported Value
$260M
Q2 2025
Positions
53
Filings on Record
18
2019–present window
Filed
Aug 6, 2025
original filing

Summary

Highlander Partners, L.P. reported $260M in U.S.-listed holdings across 53 positions for Q2 2025.

Its largest position, VRT, represents 17.4% of the portfolio.

Compared with Q1 2025, the fund opened 7 new positions and exited 2.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+73.1%
share of reported value
Largest Position
+17.4%
Vertiv
New / Exited
7 / 2
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
Q4 ’21: $82MQ4 ’21Q1 ’22: $80MQ2 ’22: $76MQ3 ’22: $67MQ3 ’22Q4 ’22: $74MQ1 ’23: $74MQ2 ’23: $89MQ2 ’23Q3 ’23: $101MQ4 ’23: $125MQ1 ’24: $144MQ1 ’24Q2 ’24: $150MQ3 ’24: $169MQ4 ’24: $176MQ4 ’24Q1 ’25: $162MQ2 ’25: $260MQ3 ’25: $287MQ3 ’25Q4 ’25: $279MQ1 ’26: $256Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 81.6%ADR: 10.6%ETP: 6.5%MLP: 1.0%Other: 0.2%Other: 0.1%
  • Common Stock · 81.6% · $212M
  • ADR · 10.6% · $27M
  • ETP · 6.5% · $17M
  • MLP · 1.0% · $3M
  • Other · 0.2% · $502,802
  • Other · 0.1% · $307,120

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR SERIES TRUSTNEW+200.0K200.0K+$12M$12M
DHRDANAHER CORPORATIONNEW+56.0K56.0K+$11M$11M
HONGBPHONEYWELL INTL INCNEW+45.5K45.5K+$11M$11M
PSNPARSONS CORP DELNEW+122.0K122.0K+$9M$9M
SPXCSPX TECHNOLOGIES INCNEW+41.3K41.3K+$7M$7M
ORCLORACLE CORPNEW+1.2K1.2K+$255,797$255,797
PSXPHILLIPS 66NEW+2.0K2.0K+$238,600$238,600
NEOGNEOGEN CORPSOLD OUT−100.0K0−$867,000$0

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

Holdings — Q2 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VRTVERTIV HOLDINGS COhistory →COM CL A17.44%$45M353.6K
2BXBLACKSTONE INChistory →COM14.02%$36M244.0K
3AMZNAMAZON COM INChistory →COM8.68%$23M103.0K
4YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS6.75%$18M1.49M
5TCBITEXAS CAP BANCSHARES INChistory →COM5.17%$13M169.4K
6KEYSKEYSIGHT TECHNOLOGIES INChistory →COM4.99%$13M79.2K
7SPDR SERIES TRUSTS&P REGL BKG4.56%$12M200.0K
8DHRDANAHER CORPORATIONhistory →COM4.25%$11M56.0K
9HONGBPHONEYWELL INTL INChistory →COM4.07%$11M45.5K
10BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS3.80%$10M87.2K
11PSNPARSONS CORP DELhistory →COM3.36%$9M122.0K
12SPXCSPX TECHNOLOGIES INChistory →COM2.66%$7M41.3K
13WSCWILLSCOT HLDGS CORPhistory →COM CL A2.63%$7M249.8K
14SSNCSS&C TECHNOLOGIES HLDGS INChistory →COM2.60%$7M81.8K
15MIRMMIRUM PHARMACEUTICALS INChistory →COM2.40%$6M123.0K
16DAKTDAKTRONICS INChistory →COM2.32%$6M400.0K
17AMDADVANCED MICRO DEVICES INChistory →COM1.96%$5M36.0K
18DELLDELL TECHNOLOGIES INChistory →CL C1.41%$4M30.0K
19SPDR S&P 500 ETF TRTR UNIT0.95%$2M4.0K
20MDAISPECTRAL AI INCCOM CL A0.86%$2M900.0K
21INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.69%$2M9.9K
22DMLPDORCHESTER MINERALS LPCOM UNIT0.35%$921,52533.1K
23BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.28%$740,7991.5K
24MPLXMPLX LPCOM UNIT REP LTD0.28%$736,12914.3K
25CWSTCASELLA WASTE SYS INCCL A0.27%$692,2806.0K
26MSFTMICROSOFT CORPCOM0.20%$522,2811.1K
27GHCGRAHAM HLDGS COCOM CL B0.19%$506,201535
28WHITE MTNS INS GROUP LTDCOM0.19%$502,802280
294I1PHILIP MORRIS INTL INCCOM0.17%$455,3252.5K
30JPMJPMORGAN CHASE & CO.COM0.17%$434,8651.5K
31EPDENTERPRISE PRODS PARTNERS LCOM0.17%$434,14014.0K
32METAMETA PLATFORMS INCCL A0.16%$405,950550
33GOOGLALPHABET INCCAP STK CL A0.15%$387,7062.2K
34ADBEADOBE INCCOM0.15%$386,8801.0K
35GQ9SPDR GOLD TRGOLD SHS0.14%$353,6031.2K
36FISVFISERV INCCOM0.13%$327,5791.9K
37ETENERGY TRANSFER L PCOM UT LTD PTN0.12%$309,66017.1K
38ARCCARES CAPITAL CORPCOM0.12%$307,44014.0K
39KRPKIMBELL RTY PARTNERS LPUNIT0.12%$307,12022.0K
40ACWIISHARES TRMSCI ACWI ETF0.12%$303,4962.4K
41PAGPEURPLAINS GP HLDGS L PLTD PARTNR INT A0.11%$291,45015.0K
42MRKMERCK & CO INCCOM0.10%$261,2283.3K
43ORCLORACLE CORPCOM0.10%$255,7971.2K
44VVISA INCCOM CL A0.10%$248,535700
45RSGREPUBLIC SVCS INCCOM0.09%$246,6101.0K
46PSXPHILLIPS 66COM0.09%$238,6002.0K
47WESWESTERN MIDSTREAM PARTNERS LCOM UNIT LP INT0.09%$236,0706.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$256M47Apr 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$279M68Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$287M52Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$260M53Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$162M48May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$176M41Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$169M45Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$150M40Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$144M42May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$125M25Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$101M26Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$89M26Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$74M23May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022$74M22Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$67M21Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$76M24Aug 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$80M23Apr 27, 202213F-HRchanges · EDGAR ↗
Q4 2021$82M26Jan 28, 202213F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • Wallace Capital Management Inc.028-14310
  • STIFEL FINANCIAL CORP028-04621

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 ↗.