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
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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
10X CAPITAL VENTURE ACQU COR	COM CL A	88025V107	134	13,440	SH		SOLE		13,440	0	0
ABBVIE INC	COM	00287Y109	1,690	15,000	SH		SOLE		15,000	0	0
ABEONA THERAPEUTICS INC	COM	00289Y107	780	500,000	SH		SOLE		500,000	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	3,557	222,180	SH		DFND		222,180	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	1,402	87,598	SH		SOLE		87,598	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	7,907	43,042	SH		SOLE		43,042	0	0
ALTERYX INC	COM CL A	02156B103	477	5,550	SH		SOLE		5,550	0	0
ALTIMETER GROWTH CORP 2	COM CL A	G0371B109	256	25,000	SH		SOLE		25,000	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	818	38,549	SH		SOLE		38,549	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	163	7,700	SH	Call	SOLE		7,700	0	0
AMICUS THERAPEUTICS INC	COM	03152W109	546	56,617	SH		SOLE		56,617	0	0
AMRYT PHARMA PLC	SPONSORED ADS	03217L106	485	40,000	SH		DFND		40,000	0	0
ANTHEM INC	COM	036752103	370	969	SH		SOLE		969	0	0
ARIES I ACQUISITION CORP	UNIT 03/18/2026	G0542N115	302	30,000	SH		SOLE		30,000	0	0
ATAI LIFE SCIENCES NV	SHS	N0731H103	1,665	90,000	SH		SOLE		90,000	0	0
ATHENE HOLDING LTD	CL A	G0684D107	11,873	175,891	SH		SOLE		175,891	0	0
AVAYA HLDGS CORP	COM	05351X101	3,370	125,272	SH		SOLE		125,272	0	0
B RILEY PRINCIPAL 150 MERGER	UNIT 99/99/9999	05601V202	103	10,154	SH		SOLE		10,154	0	0
BANCORPSOUTH BK TUPELO MISS	COM	05971J102	207	7,312	SH		SOLE		7,312	0	0
BERKELEY LTS INC	COM	084310101	1,344	30,000	SH		SOLE		30,000	0	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	417	5,000	SH		SOLE		5,000	0	0
BIOTECH ACQUISITION COMPANY	CL A SHS	G1125A108	230	23,800	SH		SOLE		23,800	0	0
BOSTON PRIVATE FINL HLDGS IN	COM	101119105	8,533	578,522	SH		SOLE		578,522	0	0
BP PLC	SPONSORED ADR	055622104	330	12,500	SH	Call	SOLE		12,500	0	0
BROOKDALE SR LIVING INC	COM	112463104	487	61,625	SH		SOLE		61,625	0	0
CAI INTERNATIONAL INC	COM	12477X106	1,081	19,301	SH		SOLE		19,301	0	0
CARNEY TECHNOLOGY ACQU CORP	CL A COMMON STK	143636108	291	30,024	SH		SOLE		30,024	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	461	17,500	SH	Call	SOLE		17,500	0	0
CC NEUBERGER PRIN HLDGS II	SHS CL A	G3166T103	1,304	132,000	SH		SOLE		132,000	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	839	327,750	SH		DFND		327,750	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	648	253,033	SH		SOLE		253,033	0	0
CENTURY BANCORPORATION INC	CL A NON VTG	156432106	3,853	33,796	SH		SOLE		33,796	0	0
CF ACQUISITION CORP IV	COM CL A	12520T102	310	32,010	SH		SOLE		32,010	0	0
CF ACQUISITION CORP VI	UNIT 99/99/9999	12521J202	247	24,700	SH		SOLE		24,700	0	0
CHURCHILL CAPITAL CORP V	COM CL A	17144T107	505	50,100	SH		SOLE		50,100	0	0
CIT GROUP INC	COM NEW	125581801	228	4,419	SH		SOLE		4,419	0	0
CITY OFFICE REIT INC	COM	178587101	879	70,700	SH		SOLE		70,700	0	0
CLASS ACCELERATION CORP	COM	18274B106	352	36,351	SH		SOLE		36,351	0	0
CLOUDERA INC	COM	18914U100	7,448	469,627	SH		SOLE		469,627	0	0
COHERUS BIOSCIENCES INC	COM	19249H103	512	37,000	SH		SOLE		37,000	0	0
COHN ROBBINS HOLDINGS CORP	COM CL A	G23726105	1,281	130,020	SH		SOLE		130,020	0	0
CONDOR HOSPITALITY TR INC	COM NEW	20676Y403	95	15,616	SH		DFND		15,616	0	0
CONSTELLATION PHARMCETICLS I	COM	210373106	8,984	265,794	SH		SOLE		265,794	0	0
CONVEY HLDG PARENT INC	COM	21258C108	1,138	100,000	SH		SOLE		100,000	0	0
CONX CORP	COM CL A	212873103	197	20,000	SH		SOLE		20,000	0	0
CORNER GROWTH ACQUISITION CO	CL A SHS	G2425N105	592	60,739	SH		SOLE		60,739	0	0
CORNER GROWTH ACQUISITN CORP	UNIT 05/27/2026	G2426E112	334	33,130	SH		SOLE		33,130	0	0
CORTLAND BANCORP	COM	220587109	334	12,479	SH		SOLE		12,479	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	1,499	50,000	SH		SOLE		50,000	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	982	164,149	SH		DFND		164,149	0	0
D8 HOLDINGS CORP	SHS CL A	G2614K110	135	13,500	SH		SOLE		13,500	0	0
DATA KNIGHTS ACQUISITION COR	*W EXP 11/11/202	237699111	0	69,220	SH		SOLE		69,220	0	0
DATA KNIGHTS ACQUISITION COR	CLASS A COM	237699103	685	69,220	SH		SOLE		69,220	0	0
DPCM CAP INC	COM CL A	23344P101	120	12,100	SH		SOLE		12,100	0	0
DRAGONEER GROWTH OPPTY CORP	SHS CL A	G28314105	453	45,045	SH		SOLE		45,045	0	0
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	16,919	1,591,662	SH		SOLE		1,591,662	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,560	64,631	SH		SOLE		64,631	0	0
ENVIRONMENTAL IMPACT ACQU CO	COM CL A	29408N106	539	54,979	SH		SOLE		54,979	0	0
EXELIXIS INC	COM	30161Q104	911	50,000	SH		SOLE		50,000	0	0
EXFO INC	SUB VTG SHS	302046107	142	23,936	SH		SOLE		23,936	0	0
FAR PEAK ACQUISITION CORP	SHS CL A	G3312L103	239	24,000	SH		SOLE		24,000	0	0
FIRST CHOICE BANCORP	COM	31948P104	3,414	112,131	SH		SOLE		112,131	0	0
FIRST MIDWEST BANCORP DEL	COM	320867104	1,779	89,720	SH		SOLE		89,720	0	0
FIRSTMARK HORIZON ACQUISITIO	CL A COM	33765Y101	200	20,100	SH		SOLE		20,100	0	0
FLY LEASING LTD	SPONSORED ADR	34407D109	2,579	152,233	SH		SOLE		152,233	0	0
FORUM MERGER IV CORP	CLASS A COM	349875104	2,822	288,740	SH		SOLE		288,740	0	0
FUSION ACQUISITION CORP	CL A	36118H105	299	30,000	SH		SOLE		30,000	0	0
GALAPAGOS NV	SPON ADR	36315X101	964	14,000	SH		SOLE		14,000	0	0
GENESCO INC	COM	371532102	268	4,204	SH		SOLE		4,204	0	0
GORES METROPOULOS II INC	CL A	382873107	276	27,878	SH		SOLE		27,878	0	0
GRACE W R & CO DEL NEW	COM	38388F108	473	6,844	SH		SOLE		6,844	0	0
GRUPO SUPERVIELLE S.A.	SPONSORED ADR	40054A108	391	188,858	SH		SOLE		188,858	0	0
GS ACQUISITION HLDGS CORP II	COM CL A	36258Q105	1,078	103,700	SH		SOLE		103,700	0	0
HAYMAKER ACQUISITION CORP II	UNIT 03/01/2026	42087R207	392	39,079	SH		SOLE		39,079	0	0
HEALTH ASSURN ACQUISITION CO	COM CL A	42226W109	1,169	116,800	SH		SOLE		116,800	0	0
HERON THERAPEUTICS INC	COM	427746102	3,976	256,181	SH		SOLE		256,181	0	0
HERON THERAPEUTICS INC	COM	427746102	3,771	242,950	SH		DFND		242,950	0	0
HERSHEY CO	COM	427866108	627	3,600	SH	Call	SOLE		3,600	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	800	88,296	SH		SOLE		88,296	0	0
HIGHLAND INCOME FD	HIGHLAND INCOME	43010E404	1,091	100,000	SH		SOLE		100,000	0	0
HOOKIPA PHARMA INC	COM	43906K100	1,008	110,000	SH		SOLE		110,000	0	0
HUMANA INC	COM	444859102	885	2,000	SH		SOLE		2,000	0	0
IG ACQUISITION CORP	COM CL A	449534106	97	10,000	SH		SOLE		10,000	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	7,699	422,350	SH		SOLE		422,350	0	0
INSMED INC	COM PAR $.01	457669307	342	12,000	SH		SOLE		12,000	0	0
JUST EAT TAKEAWAY COM N V	SPONSORED ADS	48214T305	1,226	67,123	SH		SOLE		67,123	0	0
KKR & CO INC	COM	48251W104	348	5,866	SH		SOLE		5,866	0	0
KNOLL INC	COM NEW	498904200	10,678	410,853	SH		SOLE		410,853	0	0
LEFTERIS ACQUISITION CORP	COM CL A	52470X109	195	20,000	SH		SOLE		20,000	0	0
LOCUST WALK ACQUISITION CORP	COM CL A	54015L103	382	38,599	SH		SOLE		38,599	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	436	64,000	SH		DFND		64,000	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	82	12,072	SH		SOLE		12,072	0	0
LORAL SPACE & COM INC	COM	543881106	17,076	439,545	SH		SOLE		439,545	0	0
LUX HEALTH TECH ACQUISITION	COM CL A	55068A100	323	32,700	SH		SOLE		32,700	0	0
LUXFER HOLDINGS PLC	SHS	G5698W116	306	13,773	SH		SOLE		13,773	0	0
M & T BK CORP	COM	55261F104	249	1,717	SH		SOLE		1,717	0	0
MACKINAC FINL CORP	COM	554571109	850	43,041	SH		SOLE		43,041	0	0
MADISON SQUARE GRDN ENTERTNM	CL A	55826T102	320	3,816	SH		SOLE		3,816	0	0
MAGELLAN HEALTH INC	COM NEW	559079207	27,144	288,150	SH		SOLE		288,150	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	1,104	10,482	SH		SOLE		10,482	0	0
MERCADOLIBRE INC	COM	58733R102	4,673	3,000	SH		SOLE		3,000	0	0
MERIDIAN BANCORP INC MD	COM	58958U103	1,233	60,288	SH		SOLE		60,288	0	0
MICROSOFT CORP	COM	594918104	379	1,400	SH	Call	SOLE		1,400	0	0
MINERVA NEUROSCIENCES INC	COM	603380106	743	320,203	SH		SOLE		320,203	0	0
MONUMENT CIRCLE ACQUISITN CO	UNIT 01/14/2026	61531M200	128	12,735	SH		SOLE		12,735	0	0
MPLX LP	COM UNIT REP LTD	55336V100	11,427	385,923	SH		SOLE		385,923	0	0
NATIONAL RETAIL PROPERTIES I	COM	637417106	703	15,000	SH	Call	SOLE		15,000	0	0
NEKTAR THERAPEUTICS	COM	640268108	772	45,000	SH		SOLE		45,000	0	0
NEW SR INVT GROUP INC	COM	648691103	1,190	135,584	SH		SOLE		135,584	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	239	21,714	SH		SOLE		21,714	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	1,372	65,700	SH		DFND		65,700	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	2,899	138,753	SH		SOLE		138,753	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	7,983	145,202	SH		DFND		145,202	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	18,898	343,730	SH		SOLE		343,730	0	0
NEXPOINT STRATEGIC OPPORTES	COM NEW	65340G205	25,119	1,825,479	SH		SOLE		1,825,479	0	0
NEXTCURE INC	COM	65343E108	1,885	234,708	SH		SOLE		234,708	0	0
NEXTDECADE CORP	COM	65342K105	3,077	744,992	SH		DFND		744,992	0	0
NEXTDECADE CORP	COM	65342K105	123	29,751	SH		SOLE		29,751	0	0
NEXTIER OILFIELD SOLUTIONS	COM	65290C105	83	17,344	SH		SOLE		17,344	0	0
NORTHERN STAR INVSTMNT CORP	COM CLASS A	66573W107	100	10,000	SH		SOLE		10,000	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	6,424	118,000	SH		SOLE		118,000	0	0
OCEANTECH ACQUISITIONS I COR	UNIT 05/12/2026	675507206	900	90,000	SH		SOLE		90,000	0	0
ORGANON & CO	COMMON STOCK	68622V106	1,362	45,000	SH		SOLE		45,000	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	1,027	67,700	SH		SOLE		67,700	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	341	50,000	SH		DFND		50,000	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	1,465	214,770	SH		SOLE		214,770	0	0
PATTERSON COS INC	COM	703395103	523	17,200	SH		SOLE		17,200	0	0
PERFORMANCE FOOD GROUP CO	COM	71377A103	2,030	41,870	SH		SOLE		41,870	0	0
PERIPHAS CAPITAL PARTNERING	COM CL A	713895100	500	20,401	SH		SOLE		20,401	0	0
PIVOTAL INVESTMENT CORP III	COM CL A	72582M106	139	14,300	SH		SOLE		14,300	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	635	53,200	SH		SOLE		53,200	0	0
PLYMOUTH INDL REIT INC	COM	729640102	891	44,511	SH		DFND		44,511	0	0
PLYMOUTH INDL REIT INC	COM	729640102	10,842	541,583	SH		SOLE		541,583	0	0
PRA HEALTH SCIENCES INC	COM	69354M108	18,021	109,080	SH		SOLE		109,080	0	0
PREMIER FINL BANCORP INC	COM	74050M105	944	56,028	SH		SOLE		56,028	0	0
PRIVETERRA ACQUISITION CORP	UNIT 99/99/9999	74275N201	399	40,000	SH		SOLE		40,000	0	0
PROOFPOINT INC	COM	743424103	17,772	102,280	SH		SOLE		102,280	0	0
PROPTECH INVESTMENT CORP II	*W EXP 12/08/202	743497117	13	12,612	SH		SOLE		12,612	0	0
PROPTECH INVESTMENT CORP II	COM CL A	743497109	372	38,142	SH		SOLE		38,142	0	0
PROSPECTOR CAPITAL CORP	CL A	G7273A105	182	18,800	SH		SOLE		18,800	0	0
QELL ACQUISITION CORP	CL A	G7307X105	439	44,147	SH		SOLE		44,147	0	0
QTS RLTY TR INC	COM CL A	74736A103	4,708	60,900	SH		SOLE		60,900	0	0
REINVENT TECHNOLOGY PARTNERS	UNIT 03/12/2026	G7484L114	170	16,860	SH		SOLE		16,860	0	0
RETAIL VALUE INC	COM	76133Q102	808	37,167	SH		SOLE		37,167	0	0
RETAIL VALUE INC	COM	76133Q102	1,215	55,858	SH		DFND		55,858	0	0
REVOLUTION HEALTHCAR AQ CORP	UNIT 03/18/20266	76155Y207	100	10,000	SH		SOLE		10,000	0	0
RMG ACQUISITION CORP III	UNIT 02/08/2026	G76088114	128	12,779	SH		SOLE		12,779	0	0
SELECT BANCORP INC NEW	COM	81617L108	3,224	200,013	SH		SOLE		200,013	0	0
SHARPSPRING INC	COM	820054104	546	32,329	SH		SOLE		32,329	0	0
SINGULAR GENOMICS SYSTEMS IN	COM	82933R100	1,076	39,142	SH		SOLE		39,142	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G82514103	948	91,200	SH		SOLE		91,200	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G8251L105	230	22,500	SH		SOLE		22,500	0	0
SOCIAL LEVERAGE ACQUISN CORP	COM CL A	83363K102	389	40,000	SH		SOLE		40,000	0	0
SOFTWARE ACQUISITN GRUP INC	COM CL A	83407F101	420	42,205	SH		SOLE		42,205	0	0
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	289	6,034	SH		SOLE		6,034	0	0
STARBOARD VALUE ACQUISITN CO	COM CL A	85521J109	205	20,518	SH		SOLE		20,518	0	0
STONECO LTD	COM CL A	G85158106	335	5,000	SH		SOLE		5,000	0	0
SURGERY PARTNERS INC	COM	86881A100	988	14,823	SH		SOLE		14,823	0	0
SUSTAINABLE OPPORTNTS ACQ CO	ORD SHS A	G8598Y109	100	10,000	SH		SOLE		10,000	0	0
SVF INVESTMENT CORP	CL A SHS	G8601L102	344	34,800	SH		SOLE		34,800	0	0
TAILWIND ACQUISITION CORP	COM CL A	87403Q102	467	46,854	SH		SOLE		46,854	0	0
TALEND S A	ADS	874224207	25,125	382,999	SH		SOLE		382,999	0	0
TARGA RES CORP	COM	87612G101	5,850	131,600	SH		SOLE		131,600	0	0
TASTEMAKER ACQUISITION CORP	COM CL A	876545104	293	30,000	SH		SOLE		30,000	0	0
TREBIA ACQUISITION CORP	COM CL A	G9027T109	351	35,420	SH		SOLE		35,420	0	0
TUSCAN HLDGS CORP II	COM	90070A103	136	13,500	SH		SOLE		13,500	0	0
TWIST BIOSCIENCE CORP	COM	90184D100	999	7,500	SH		SOLE		7,500	0	0
UNIQURE NV	SHS	N90064101	2,156	70,000	SH		SOLE		70,000	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	686	1,712	SH	��	SOLE		1,712	0	0
UNITI GROUP INC	COM	91325V108	283	26,750	SH		DFND		26,750	0	0
VISTRA CORP	COM	92840M102	120	6,477	SH		DFND		6,477	0	0
VISTRA CORP	COM	92840M102	21,995	1,185,705	SH		SOLE		1,185,705	0	0
VOR BIOPHARMA INC	COM	929033108	933	50,000	SH		SOLE		50,000	0	0
VORNADO RLTY TR	SH BEN INT	929042109	209	4,485	SH		DFND		4,485	0	0
WEBSTER FINL CORP CONN	COM	947890109	733	13,737	SH		SOLE		13,737	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	11,326	353,164	SH		SOLE		353,164	0	0
WELBILT INC	COM	949090104	1,338	57,800	SH		SOLE		57,800	0	0
WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	958669103	5,297	247,292	SH		SOLE		247,292	0	0
WILLIAMS COS INC	COM	969457100	15,054	566,995	SH		SOLE		566,995	0	0