Highland Capital Management Fund Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBVIE INC	COM	00287Y109	1,577	18,000	SH		SOLE		18,000	0	0
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	590	20,000	SH		SOLE		20,000	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	981	2,000	SH		SOLE		2,000	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	1,476	18,000	SH		SOLE		18,000	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	4,171	354,400	SH		DFND	2	354,400	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	1,040	88,400	SH		SOLE		88,400	0	0
AGILE THERAPEUTICS INC	COM	00847L100	76	25,000	SH		SOLE		25,000	0	0
AIMMUNE THERAPEUTICS INC	COM	00900T107	2,156	62,591	SH		SOLE		62,591	0	0
AKCEA THERAPEUTICS INC	COM	00972L107	670	36,953	SH		SOLE		36,953	0	0
ALIGN TECHNOLOGY INC	COM	016255101	1,637	5,000	SH		SOLE		5,000	0	0
ALLY FINL INC	COM	02005N100	1,504	60,000	SH		SOLE		60,000	0	0
ALPHABET INC	CAP STK CL A	02079K305	4,397	3,000	SH		SOLE		3,000	0	0
ALTERYX INC	COM CL A	02156B103	681	6,000	SH		SOLE		6,000	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	474	38,549	SH		SOLE		38,549	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	483	2,000	SH		SOLE		2,000	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	1,449	10,000	SH		SOLE		10,000	0	0
AMGEN INC	COM	031162100	2,542	10,000	SH		SOLE		10,000	0	0
AMICUS THERAPEUTICS INC	COM	03152W109	808	57,250	SH		SOLE		57,250	0	0
ANTHEM INC	COM	036752103	1,074	4,000	SH		SOLE		4,000	0	0
ARCH RESOURCES INC	CL A	03940R107	15,619	367,685	SH		DFND	1	367,685	0	0
ASCENDIS PHARMA A/S	SPONSORED ADR	04351P101	772	5,000	SH		SOLE		5,000	0	0
AVANTOR INC	COM	05352A100	562	25,000	SH		SOLE		25,000	0	0
AVAYA HLDGS CORP	COM	05351X101	30,877	2,031,398	SH		DFND	1	2,031,398	0	0
AVAYA HLDGS CORP	COM	05351X101	1,912	125,763	SH		SOLE		125,763	0	0
AXONICS MODULATION TECHNOLOG	COM	05465P101	1,021	20,000	SH		SOLE		20,000	0	0
BECTON DICKINSON & CO	COM	075887109	465	2,000	SH		SOLE		2,000	0	0
BEST BUY INC	COM	086516101	2,226	20,000	SH		SOLE		20,000	0	0
BIO RAD LABS INC	CL A	090572207	2,320	4,500	SH		SOLE		4,500	0	0
BIOHAVEN PHARMACTL HLDG CO L	COM	G11196105	390	6,000	SH		SOLE		6,000	0	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	380	5,000	SH		SOLE		5,000	0	0
BITAUTO HLDGS LTD	SPONSORED ADS	091727107	347	22,051	SH		SOLE		22,051	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	879	23,000	SH		SOLE		23,000	0	0
BRAEMAR HOTELS & RESORTS INC	5.5 CUM CV PFD B	10482B200	14,144	1,173,758	SH		SOLE		1,173,758	0	0
BRIDGE BANCORP INC	COM	108035106	388	22,262	SH		SOLE		22,262	0	0
BROOKDALE SR LIVING INC	COM	112463104	157	61,625	SH		SOLE		61,625	0	0
CASTLE BIOSCIENCES INC	COM	14843C105	36,377	707,032	SH		DFND	1	707,032	0	0
CC NEUBERGER PRINCIPAL HLDNG	COM	G1992Y106	1,573	152,312	SH		SOLE		152,312	0	0
CENTENE CORP DEL	COM	15135B101	525	9,000	SH		SOLE		9,000	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	734	327,750	SH		DFND	2	327,750	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	576	257,150	SH		SOLE		257,150	0	0
CF FINANCE ACQUISITION CORP	UNIT 08/01/2027	15725Q203	134	13,300	SH		SOLE		13,300	0	0
CHURCHILL CAPITAL CORP IV	*W EXP 08/04/202	171439110	30	20,408	SH		SOLE		20,408	0	0
CHURCHILL CAPITAL CORP IV	CL A	171439102	998	102,040	SH		SOLE		102,040	0	0
CIGNA CORP NEW	COM	125523100	745	4,400	SH		SOLE		4,400	0	0
CIIG MERGER CORP	COM CL A	12559C103	292	28,977	SH		SOLE		28,977	0	0
CISCO SYS INC	COM	17275R102	788	20,000	SH		SOLE		20,000	0	0
CITY OFFICE REIT INC	COM	178587101	532	70,700	SH		SOLE		70,700	0	0
COCA COLA CO	COM	191216100	938	19,000	SH		SOLE		19,000	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	2,083	30,000	SH		SOLE		30,000	0	0
COHERUS BIOSCIENCES INC	COM	19249H103	1,284	70,000	SH		SOLE		70,000	0	0
COHN ROBBINS HOLDINGS CORP	UNIT 08/11/2025	G23726121	202	20,000	SH		SOLE		20,000	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	812	65,168	SH		SOLE		65,168	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	828	293,449	SH		DFND	2	293,449	0	0
CUMMINS INC	COM	231021106	2,112	10,000	SH		SOLE		10,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	383	40,455	SH		SOLE		40,455	0	0
DISNEY WALT CO	COM DISNEY	254687106	993	8,000	SH		SOLE		8,000	0	0
E TRADE FINANCIAL CORP	COM NEW	269246401	2,570	51,348	SH		SOLE		51,348	0	0
EBIX INC	COM NEW	278715206	214	10,373	SH		SOLE		10,373	0	0
ECOLAB INC	COM	278865100	1,998	10,000	SH		SOLE		10,000	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	1,999	25,050	SH		SOLE		25,050	0	0
ENERGY TRANSFER LP	COM UT LTD PTN	29273V100	8,641	1,594,335	SH		SOLE		1,594,335	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,021	64,631	SH		SOLE		64,631	0	0
ESTABLISHMENT LABS HLDGS INC	COM	G31249108	222	12,000	SH		SOLE		12,000	0	0
EVOLUS INC	COM	30052C107	39	10,000	SH		SOLE		10,000	0	0
EYEPOINT PHARMACEUTICALS INC	COM	30233G100	18	33,933	SH		SOLE		33,933	0	0
FACEBOOK INC	CL A	30303M102	2,881	11,000	SH		SOLE		11,000	0	0
FORTRESS VALUE ACQUISITION I	UNIT 08/10/2027	349642207	129	12,500	SH		SOLE		12,500	0	0
FTAC OLYMPUS ACQUISITION COR	UNIT 08/24/2025	G37288118	134	13,400	SH		SOLE		13,400	0	0
GCI LIBERTY INC	COM CLASS A	36164V305	1,836	22,400	SH		SOLE		22,400	0	0
GENWORTH FINL INC	COM CL A	37247D106	85	25,500	SH		SOLE		25,500	0	0
GENWORTH FINL INC	COM CL A	37247D106	85	25,500	SH	Put	SOLE		25,500	0	0
GO ACQUISITION CORP	UNIT 08/31/2027	362019200	491	48,743	SH		SOLE		48,743	0	0
GORES HLDGS V INC	UNIT 99/99/9999	382864205	518	50,000	SH		SOLE		50,000	0	0
GRUBHUB INC	COM	400110102	3,954	54,199	SH		SOLE		54,199	0	0
GRUPO SUPERVIELLE S.A.	SPONSORED ADR	40054A108	342	188,858	SH		SOLE		188,858	0	0
GS ACQUISITION HLDGS CORP II	COM CL A	36258Q105	298	27,701	SH		SOLE		27,701	0	0
HANESBRANDS INC	COM	410345102	1,260	80,000	SH		SOLE		80,000	0	0
HEALTHCARE MERGER CORP	UNIT 12/17/2021	42227L201	296	27,386	SH		SOLE		27,386	0	0
HERON THERAPEUTICS INC	COM	427746102	6,684	450,991	SH		DFND	2	450,991	0	0
HERON THERAPEUTICS INC	COM	427746102	4,002	270,073	SH		SOLE		270,073	0	0
HIGHCAPE CAP ACQUISITION COR	UNIT 09/30/2027	42984L204	194	19,201	SH		SOLE		19,201	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	547	88,296	SH		SOLE		88,296	0	0
HOME DEPOT INC	COM	437076102	1,389	5,000	SH		SOLE		5,000	0	0
HUDSON EXECUTIVE INVT CORP	COM CL A	443761101	246	25,000	SH		SOLE		25,000	0	0
HUMANA INC	COM	444859102	1,821	4,400	SH		SOLE		4,400	0	0
ILLUMINA INC	COM	452327109	464	1,500	SH		SOLE		1,500	0	0
IMMUNOMEDICS INC	COM	452907108	4,694	55,200	SH		SOLE		55,200	0	0
IMMUNOMEDICS INC	COM	452907108	2,925	34,400	SH	Put	SOLE		34,400	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	4,895	422,350	SH		SOLE		422,350	0	0
INNERWORKINGS INC	COM	45773Y105	393	131,335	SH		SOLE		131,335	0	0
INSMED INC	COM PAR $.01	457669307	386	12,000	SH		SOLE		12,000	0	0
INTEL CORP	COM	458140100	1,036	20,000	SH		SOLE		20,000	0	0
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	126	31,700	SH		SOLE		31,700	0	0
JERNIGAN CAP INC	COM	476405105	1,080	63,000	SH		DFND	2	63,000	0	0
JERNIGAN CAP INC	COM	476405105	1,747	101,918	SH		SOLE		101,918	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	1,808	10,000	SH		SOLE		10,000	0	0
KKR & CO INC	COM	48251W104	241	7,013	SH		SOLE		7,013	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	565	3,000	SH		SOLE		3,000	0	0
LINDE PLC	SHS	G5494J103	476	2,000	SH		SOLE		2,000	0	0
LIVONGO HEALTH INC	COM	539183103	3,328	23,762	SH		SOLE		23,762	0	0
LOMA NEGRA CORP	SPONSORED ADS	54150E104	276	64,000	SH		DFND	2	64,000	0	0
LOMA NEGRA CORP	SPONSORED ADS	54150E104	56	13,050	SH		SOLE		13,050	0	0
LONGVIEW ACQUISITION CORP	COM CL A	543195101	977	99,534	SH		SOLE		99,534	0	0
LORAL SPACE & COMMUNICATNS I	COM	543881106	4,283	234,030	SH		DFND	1	234,030	0	0
LORAL SPACE & COMMUNICATNS I	COM	543881106	4,384	239,545	SH		SOLE		239,545	0	0
LUXFER HOLDINGS PLC	SHS	G5698W116	187	14,890	SH		SOLE		14,890	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	1,353	4,000	SH		SOLE		4,000	0	0
MCKESSON CORP	COM	58155Q103	596	4,000	SH		SOLE		4,000	0	0
MERCADOLIBRE INC	COM	58733R102	5,196	4,800	SH		SOLE		4,800	0	0
MERCK & CO. INC	COM	58933Y105	2,074	25,000	SH		SOLE		25,000	0	0
MICROSOFT CORP	COM	594918104	6,310	30,000	SH		SOLE		30,000	0	0
MINERVA NEUROSCIENCES INC	COM	603380106	201	63,114	SH		SOLE		63,114	0	0
MOBILEIRON INC	COM NEW	60739U204	397	56,670	SH		SOLE		56,670	0	0
MODERNA INC	COM	60770K107	283	4,000	SH		SOLE		4,000	0	0
MOMENTA PHARMACEUTICALS INC	COM	60877T100	3,246	61,856	SH		SOLE		61,856	0	0
MONTAGE RES CORP	COM	61179L100	383	87,146	SH		SOLE		87,146	0	0
MPLX LP	COM UNIT REP LTD	55336V100	6,074	385,923	SH		SOLE		385,923	0	0
MUSTANG BIO INC	COM	62818Q104	268	85,000	SH		SOLE		85,000	0	0
NATERA INC	COM	632307104	1,112	15,400	SH		SOLE		15,400	0	0
NATIONAL GEN HLDGS CORP	COM	636220303	2,462	72,947	SH		SOLE		72,947	0	0
NEKTAR THERAPEUTICS	COM	640268108	166	10,000	SH		SOLE		10,000	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	965	65,700	SH		DFND	2	65,700	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	2,037	138,753	SH		SOLE		138,753	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	10,799	243,495	SH		DFND	1	243,495	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	6,337	142,893	SH		DFND	2	142,893	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	14,920	336,407	SH		SOLE		336,407	0	0
NEXPOINT STRATEGIC OPPORTES	COM NEW	65340G205	2,282	263,472	SH		DFND	1	263,472	0	0
NEXPOINT STRATEGIC OPPORTES	COM NEW	65340G205	15,809	1,825,479	SH		SOLE		1,825,479	0	0
NEXTDECADE CORP	COM	65342K105	2,220	744,992	SH		DFND	2	744,992	0	0
NEXTDECADE CORP	COM	65342K105	89	29,751	SH		SOLE		29,751	0	0
NEXTIER OILFIELD SOLUTIONS	COM	65290C105	35	18,749	SH		SOLE		18,749	0	0
NVIDIA CORPORATION	COM	67066G104	1,624	3,000	SH		SOLE		3,000	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	699	67,700	SH		SOLE		67,700	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	271	50,000	SH		DFND	2	50,000	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	487	90,020	SH		SOLE		90,020	0	0
PATTERSON COS INC	COM	703395103	415	17,200	SH		SOLE		17,200	0	0
PAYPAL HLDGS INC	COM	70450Y103	985	5,000	SH		SOLE		5,000	0	0
PERCEPTRON INC	COM	71361F100	394	58,000	SH		SOLE		58,000	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	324	53,200	SH		SOLE		53,200	0	0
POSTAL REALTY TRUST INC	CL A	73757R102	3,102	204,917	SH		DFND	2	204,917	0	0
PROCTER AND GAMBLE CO	COM	742718109	1,529	11,000	SH		SOLE		11,000	0	0
ROSETTA STONE INC	COM	777780107	1,779	59,350	SH		SOLE		59,350	0	0
SILK RD MED INC	COM	82710M100	672	10,000	SH		SOLE		10,000	0	0
SKYLINE CHAMPION CORPORATION	COM	830830105	5,193	193,984	SH		DFND	1	193,984	0	0
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	1	36	SH		DFND	1	36	0	0
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	220	6,525	SH		SOLE		6,525	0	0
STARBUCKS CORP	COM	855244109	1,289	15,000	SH		SOLE		15,000	0	0
STONECO LTD	COM CL A	G85158106	264	5,000	SH		SOLE		5,000	0	0
SURGERY PARTNERS INC	COM	86881A100	341	15,580	SH		SOLE		15,580	0	0
TANDEM DIABETES CARE INC	COM NEW	875372203	624	5,500	SH		SOLE		5,500	0	0
TARGA RES CORP	COM	87612G101	1,846	131,600	SH		SOLE		131,600	0	0
TD AMERITRADE HLDG CORP	COM	87236Y108	1,886	48,172	SH		SOLE		48,172	0	0
TELADOC HEALTH INC	COM	87918A105	1,754	8,000	SH		SOLE		8,000	0	0
TESLA INC	COM	88160R101	1,287	3,000	SH		SOLE		3,000	0	0
TEXAS INSTRS INC	COM	882508104	2,856	20,000	SH		SOLE		20,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	927	2,100	SH		SOLE		2,100	0	0
THUNDER BRDG ACQUISTION II L	*W EXP 11/30/202	G8857S108	449	44,027	SH		SOLE		44,027	0	0
TWC TECH HLDGS II CORP	UNIT 09/10/2025	90117G204	485	47,900	SH		SOLE		47,900	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,130	19,000	SH		SOLE		19,000	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	1,905	7,000	SH		SOLE		7,000	0	0
VESPER HEALTHCARE ACQSTN COR	UNIT 99/99/9999	92538T203	410	40,000	SH		SOLE		40,000	0	0
VISA INC	COM CL A	92826C839	1,600	8,000	SH		SOLE		8,000	0	0
VISTRA CORP	COM	92840M102	41,904	2,221,860	SH		DFND	1	2,221,860	0	0
VISTRA CORP	COM	92840M102	24,382	1,292,788	SH		SOLE		1,292,788	0	0
VIVINT SOLAR INC	COM	92854Q106	2,734	64,566	SH		SOLE		64,566	0	0
VYNE THERAPEUTICS INC	COM NEW	92941V100	67	40,205	SH		SOLE		40,205	0	0
WARRIOR MET COAL INC	COM	93627C101	2,104	123,199	SH		DFND	1	123,199	0	0
WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	958669103	1,985	248,138	SH		SOLE		248,138	0	0
WHEELER REAL ESTATE INVT TR	CV PFD SER B	963025309	943	97,992	SH		SOLE		97,992	0	0
WHEELER REAL ESTATE INVT TR	PFD CNV SER D	963025606	1,138	74,600	SH		SOLE		74,600	0	0
WILLIAMS COS INC	COM	969457100	11,141	566,995	SH		SOLE		566,995	0	0
WORKDAY INC	CL A	98138H101	1,291	6,000	SH		SOLE		6,000	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	545	4,000	SH		SOLE		4,000	0	0