SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Highlander Partners, L.P.

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

Reported Value
$287M
Q3 2025
Positions
52
Filings on Record
18
2019–present window
Filed
Nov 13, 2025
original filing

Summary

Highlander Partners, L.P. reported $287M in U.S.-listed holdings across 52 positions for Q3 2025.

Its largest position, VRT, represents 18.6% of the portfolio.

The book was largely unchanged from Q2 2025.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+74.2%
share of reported value
Largest Position
+18.6%
Vertiv

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: 81.5%ADR: 11.0%ETP: 6.3%MLP: 0.9%Other: 0.2%Other: 0.1%
  • Common Stock · 81.5% · $234M
  • ADR · 11.0% · $32M
  • ETP · 6.3% · $18M
  • MLP · 0.9% · $3M
  • Other · 0.2% · $468,026
  • Other · 0.1% · $296,780

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMDADVANCED MICRO DEVICES INCTRIMMED−34.5K1.5K−$5M$242,685
PSNPARSONS CORP DELADDED+42.8K164.8K+$5M$14M
SPXCSPX TECHNOLOGIES INCADDED+11.0K52.3K+$3M$10M
YMMFULL TRUCK ALLIANCE CO LTDTRIMMED−260.0K1.23M−$2M$16M
VRTVERTIV HOLDINGS COHELD+0353.6K+$8M$53M
BABAALIBABA GROUP HLDG LTDHELD+087.2K+$6M$16M
BXBLACKSTONE INCHELD+0244.0K+$5M$42M
MIRMMIRUM PHARMACEUTICALS INCHELD+0123.0K+$3M$9M

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

Holdings — Q3 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VRTVERTIV HOLDINGS COhistory →COM CL A18.60%$53M353.6K
2BXBLACKSTONE INChistory →COM14.54%$42M244.0K
3AMZNAMAZON COM INChistory →COM7.89%$23M103.0K
4YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS5.56%$16M1.23M
5BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS5.44%$16M87.2K
6TCBITEXAS CAP BANCSHARES INChistory →COM5.00%$14M169.4K
7KEYSKEYSIGHT TECHNOLOGIES INChistory →COM4.83%$14M79.2K
8PSNPARSONS CORP DELhistory →COM4.77%$14M164.8K
9SPDR SERIES TRUSTS&P REGL BKG4.42%$13M200.0K
10DHRDANAHER CORPORATIONhistory →COM3.87%$11M56.0K
11SPXCSPX TECHNOLOGIES INChistory →COM3.40%$10M52.3K
12HONGBPHONEYWELL INTL INChistory →COM3.34%$10M45.5K
13MIRMMIRUM PHARMACEUTICALS INChistory →COM3.14%$9M123.0K
14DAKTDAKTRONICS INChistory →COM2.92%$8M400.0K
15SSNCSS&C TECHNOLOGIES HLDGS INChistory →COM2.53%$7M81.8K
16WSCWILLSCOT HLDGS CORPhistory →COM CL A1.84%$5M249.8K
17DELLDELL TECHNOLOGIES INChistory →CL C1.48%$4M30.0K
18SPDR S&P 500 ETF TRTR UNIT0.93%$3M4.0K
19MDAISPECTRAL AI INCCOM CL A0.72%$2M900.0K
20INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.66%$2M9.9K
21DMLPDORCHESTER MINERALS LPCOM UNIT0.30%$856,36433.1K
22BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.27%$766,6791.5K
23MPLXMPLX LPCOM UNIT REP LTD0.25%$713,83514.3K
24GHCGRAHAM HLDGS COCOM CL B0.22%$629,861535
25ACWIISHARES TRMSCI ACWI ETF · CHINA LG-CAP ETF0.20%$573,0868.4K
26CWSTCASELLA WASTE SYS INCCL A0.20%$569,2806.0K
27MSFTMICROSOFT CORPCOM0.19%$543,8481.1K
28GOOGLALPHABET INCCAP STK CL A0.19%$534,8202.2K
29JPMJPMORGAN CHASE & CO.COM0.17%$473,1451.5K
30WHITE MTNS INS GROUP LTDCOM0.16%$468,026280
31EPDENTERPRISE PRODS PARTNERS LCOM0.15%$437,78014.0K
32GQ9SPDR GOLD TRGOLD SHS0.14%$412,3451.2K
334I1PHILIP MORRIS INTL INCCOM0.14%$405,5002.5K
34METAMETA PLATFORMS INCCL A0.14%$403,909550
35ADBEADOBE INCCOM0.12%$352,7501.0K
36ORCLORACLE CORPCOM0.11%$329,0511.2K
37KRPKIMBELL RTY PARTNERS LPUNIT0.10%$296,78022.0K
38ETENERGY TRANSFER L PCOM UT LTD PTN0.10%$293,09317.1K
39ARCCARES CAPITAL CORPCOM0.10%$285,74014.0K
40MRKMERCK & CO INCCOM0.10%$276,9693.3K
41PAGPEURPLAINS GP HLDGS L PLTD PARTNR INT A0.10%$273,60015.0K
42PSXPHILLIPS 66COM0.09%$272,0402.0K
43HDHOME DEPOT INCCOM0.09%$253,244625
44FISVFISERV INCCOM0.09%$244,9671.9K
45AMDADVANCED MICRO DEVICES INCCOM0.08%$242,6851.5K
46WESWESTERN MIDSTREAM PARTNERS LCOM UNIT LP INT0.08%$239,6696.1K
47VVISA INCCOM CL A0.08%$238,966700

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 ↗.