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Asset Manager ← All Institutions

NEXPOINT ASSET MANAGEMENT, L.P.

Q4 2025 · Filed 2026-02-17
Market Value
$1.4B
+40.0%
Holdings
117
-4
New Purchases
29
Added To
14
Closed
41
Reduced
8
Top 10 Concentration
51.3%
Turnover
59.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 5.84% 0.00% +5.84% $83M
DAY 6.90% 1.48% +5.42% $98M
RNAM 4.70% 0.00% +4.70% $67M
HOLX 4.51% 0.00% +4.51% $64M
CDTX 4.36% 0.00% +4.36% $62M
HI 4.28% 0.00% +4.28% $61M
SEE 4.22% 0.00% +4.22% $60M
EXAS 3.48% 0.00% +3.48% $49M
CFLT 2.95% 0.00% +2.95% $42M
SEMR 2.91% 0.00% +2.91% $41M
BHF 2.63% 0.00% +2.63% $37M
JAMF 2.66% 0.08% +2.58% $38M
CWAN 2.54% 0.00% +2.54% $36M
CSGS 2.27% 0.00% +2.27% $32M
ALEX 0.94% 0.00% +0.94% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVDX 0.00% 8.71% -8.71% $0
VRNA 0.00% 6.15% -6.15% $0
COOP 0.00% 3.97% -3.97% $0
IAS 0.00% 2.69% -2.69% $0
NREF 9.37% 12.01% -2.65% $133M
VRNT 0.00% 2.28% -2.28% $0
TRML 0.00% 2.15% -2.15% $0
TXNM 2.09% 4.05% -1.96% $30M
GHLD 0.00% 1.64% -1.64% $0
FYBR 3.66% 5.02% -1.37% $52M
VMEO 0.00% 1.36% -1.36% $0
AL 3.46% 4.80% -1.34% $49M
GTLS 2.46% 3.77% -1.31% $35M
HBI 0.00% 1.30% -1.30% $0
MRC 0.00% 1.19% -1.19% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $0 0.0%
Large Cap 32 $499M 35.1%
Mid Cap 39 $524M 36.9%
Small Cap 34 $232M 16.3%
Micro Cap 11 $165M 11.6%

Portfolio Analytics

Avg Market Cap
$20.6B
Median Market Cap
$3.8B
Avg P/E
40.4
Median P/E
23.6
Avg Dividend Yield
0.02%
Avg Beta
1.03
# Stocks
114
# ETFs / Funds
3

Top Holdings (117 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NREF 9.37% 9,439,635 $133M $14.08 $11M +852,271 +9.9%
2 DAY 6.90% 1,416,835 $98M $69.16 $83M +1,198,996 +550.4%
3 CYBR 5.84% 185,862 $83M $446.06 +185,862 NEW
4 RNAM 4.70% 923,950 $67M $72.13 +923,950 NEW
5 HOLX 4.51% 859,040 $64M $74.49 +859,040 NEW
6 CDTX 4.36% 279,900 $62M $220.89 +279,900 NEW
7 HI 4.28% 1,916,660 $61M $31.72 +1,916,660 NEW
8 SEE 4.22% 1,445,310 $60M $41.43 +1,445,310 NEW
9 FYBR 3.66% 1,363,323 $52M $38.07 $982K
10 EXAS 3.48% 485,990 $49M $101.56 +485,990 NEW
11 AL 3.46% 764,898 $49M $64.23 $444K
12 EA 3.21% 222,920 $46M $204.33 $14M +67,080 +43.0%
13 CFLT 2.95% 1,382,600 $42M $30.24 +1,382,600 NEW
14 SEMR 2.91% 3,474,250 $41M $11.89 +3,474,250 NEW
15 JAMF 2.66% 2,905,260 $38M $13.01 $37M +2,829,700 +3745.0%
16 BHF 2.63% 576,508 $37M $64.79 +576,508 NEW
17 CWAN 2.54% 1,492,220 $36M $24.12 +1,492,220 NEW
18 GTLS 2.46% 169,010 $35M $206.23 -$3M -21,720 -11.4%
19 CSGS 2.27% 420,260 $32M $76.69 +420,260 NEW
20 PRA 2.26% 1,328,990 $32M $24.16 $226K
21 TXNM 2.09% 503,403 $30M $58.88 -$11M -222,257 -30.6%
22 NXRT 1.98% 934,752 $28M $30.10 -$2M
23 HFRO 1.55% 3,673,047 $22M $5.98 $4M +855,000 +30.3%
24 NXDT 1.36% 5,028,935 $19M $3.83 $1M +123,634 +2.5%
25 SHCO 1.14% 1,805,182 $16M $8.96 -$2M -233,168 -11.4%
26 ALEX 0.94% 646,139 $13M $20.64 +646,139 NEW
27 ET 0.89% 762,040 $13M $16.49 -$511K
28 WSR 0.86% 875,255 $12M $13.89 $1M
29 VST 0.85% 74,500 $12M $161.33 -$3M
30 TSAT 0.81% 396,623 $12M $29.10 $1M
31 FRMI 0.73% 1,301,478 $10M $8.00 +1,301,478 NEW
32 CEPU 0.65% 530,000 $9M $17.50 $5M
33 PLYM 0.60% 390,301 $9M $21.88 +390,301 NEW
34 HESM 0.54% 221,900 $8M $34.50 +221,900 NEW
35 JAAA 0.43% 120,060 $6M $50.58 +120,060 NEW
36 TALO 0.40% 513,098 $6M $11.02 -$7M -803,333 -61.0%
37 REYN 0.40% 245,575 $6M $22.92 -$381K
38 SHC 0.39% 315,479 $6M $17.64 $2M +78,137 +32.9%
39 BHR-PB 0.35% 339,774 $5M $14.81 -$3M -183,683 -35.1%
40 PSX 0.33% 36,475 $5M $129.04 -$255K
41 YETI 0.30% 95,898 $4M $44.17 $1M
42 GPRE 0.24% 348,000 $3M $9.80 $351K
43 ARE 0.19% 56,000 $3M $48.94 -$2M
44 SWX 0.19% 32,900 $3M $80.02 +32,900 NEW
45 GTLB 0.18% 69,862 $3M $37.53 $1M +40,905 +141.3%
46 BRZE 0.18% 74,955 $3M $34.29 $1M +32,876 +78.1%
47 NPB 0.17% 100,000 $2M $24.75 +100,000 NEW
48 IP 0.16% 57,750 $2M $39.39 -$843K -9,450 -14.1%
49 GPC 0.15% 17,750 $2M $122.96 +17,750 NEW
50 BL 0.14% 35,450 $2M $55.29 +35,450 NEW
51 RC 0.13% 850,129 $2M $2.18 -$2M -22,892 -2.6%
52 LEG 0.13% 161,640 $2M $11.00 +161,640 NEW
53 BILL 0.12% 32,225 $2M $54.54 $909K +16,203 +101.1%
54 OKTA 0.12% 20,159 $2M $86.47 +20,159 NEW
55 FLR 0.12% 43,650 $2M $39.63 $417K +12,450 +39.9%
56 FI 0.12% 25,000 $2M $67.17 $1M +19,750 +376.2%
57 PSN 0.11% 26,000 $2M $61.80 +26,000 NEW
58 RAL 0.11% 31,408 $2M $50.91 $226K
59 REZI 0.11% 45,300 $2M $35.12 +45,300 NEW
60 BEP 0.11% 57,506 $2M $26.97 $68K
61 KMB 0.10% 14,280 $1M $100.89 +14,280 NEW
62 SRG 0.10% 417,500 $1M $3.25 -$418K
63 WK 0.09% 15,320 $1M $86.25 +15,320 NEW
64 CSX 0.09% 35,000 $1M $36.25 -$3M -80,000 -69.6%
65 PRMB 0.08% 72,000 $1M $16.35 +72,000 NEW
66 WDAY 0.08% 5,192 $1M $214.78 $687K +3,412 +191.7%
67 MMLP 0.08% 408,240 $1M $2.61 -$184K
68 ADBE 0.07% 2,896 $1M $349.99 $254K +743 +34.5%
69 TECK 0.06% 16,850 $807K $47.89 $67K
70 CVGW 0.05% 30,586 $665K $21.75 -$122K
71 HRTX 0.04% 475,750 $618K $1.30 $19K
72 CNR 0.03% 5,368 $475K $88.51 $27K
73 WHLRP 0.03% 82,301 $427K $5.19 $79K
74 INDI 0.03% 106,100 $375K $3.53 -$57K
75 SUPV 0.02% 24,300 $287K $11.82 $167K
76 NVO 0.01% 214,300 $139K $0.65 +214,300 NEW
77 AMD —% -$437K -2,700 -100.0% SOLD
78 TRGP —% -$6M -35,800 -100.0% SOLD
79 IAS —% -$27M -2,683,061 -100.0% SOLD
80 PGRE —% -$5M -812,559 -100.0% SOLD
81 CRL —% -$1M -8,354 -100.0% SOLD
82 ZIMV —% -$2M -88,330 -100.0% SOLD
83 VMEO —% -$14M -1,783,001 -100.0% SOLD
84 VRNT —% -$23M -1,141,840 -100.0% SOLD
85 VERX —% -$296K -11,945 -100.0% SOLD
86 ALE —% -$3M -48,500 -100.0% SOLD
87 COOP —% -$40M -191,117 -100.0% SOLD
88 DDOG —% -$424K -2,980 -100.0% SOLD
89 K —% -$11M -130,300 -100.0% SOLD
90 VSCO —% -$7M -265,541 -100.0% SOLD
91 IMXI —% -$1M -99,110 -100.0% SOLD
92 LW —% -$4M -71,417 -100.0% SOLD
93 SNPS —% -$2M -3,229 -100.0% SOLD
94 TRML —% -$22M -455,360 -100.0% SOLD
95 WSC —% -$790K -37,415 -100.0% SOLD
96 STAA —% -$6M -233,537 -100.0% SOLD
97 PRO —% -$10M -450,618 -100.0% SOLD
98 CSGP —% -$398K -4,715 -100.0% SOLD
99 ETNB —% -$2M -146,100 -100.0% SOLD
100 CEROW —% -$1K -108,741 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 5 Puts $0 Put Value

Top Puts

SymbolSharesValueStatus
SMR $0 SOLD
WBD $0 SOLD
ETNB $0 SOLD
STAA $0 SOLD
SNPS $0 SOLD

New Positions

SymbolValue% Port
CYBR $83M 5.84%
RNAM $67M 4.70%
HOLX $64M 4.51%
CDTX $62M 4.36%
HI $61M 4.28%
SEE $60M 4.22%
EXAS $49M 3.48%
CFLT $42M 2.95%
SEMR $41M 2.91%
BHF $37M 2.63%
CWAN $36M 2.54%
CSGS $32M 2.27%
ALEX $13M 0.94%
FRMI $10M 0.73%
PLYM $9M 0.60%

Sold Out Positions

SymbolValue% Port
GWRE —%
TRGP —%
LOMA —%
KBR —%
MAA —%
CRL —%
LW —%
VSCO —%
AMD —%
IMXI —%
DDOG —%
CRESY —%
FCX —%
SMPL —%
SNPS —%
View SEC EDGAR Filings for NEXPOINT ASSET MANAGEMENT, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms