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
7GC & CO HOLDINGS INC	COM CL A	81786A107	99	10,146	SH		SOLE		10,146	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	2,022	222,180	SH		DFND		222,180	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	797	87,598	SH		SOLE		87,598	0	0
ALTENERGY ACQUISITION CORP	COM CL A	02157M108	252	37,500	SH		SOLE		37,500	0	0
ALTERYX INC	COM CL A	02156B103	397	5,550	SH		SOLE		5,550	0	0
ALTIMETER GROWTH CORP 2	COM CL A	G0371B109	2,799	285,000	SH		SOLE		285,000	0	0
AMERICAN NATIONAL GROUP INC	COM NEW	02772A109	26,942	142,482	SH		SOLE		142,482	0	0
AMRYT PHARMA PLC	SPONSORED ADS	03217L106	331	40,000	SH		DFND		40,000	0	0
ARBOR RAPHA CAP BIOHLDS CORP	UNIT 10/31/2028	03881F203	252	25,000	SH		SOLE		25,000	0	0
ARES CAPITAL CORP	COM	04010L103	1,227	58,567	SH		SOLE		58,567	0	0
ASCENDANT DIGITAL ACQ CORP I	UNIT 99/99/9999	G05157121	102	10,000	SH		SOLE		10,000	0	0
ATHENA CONSUMER ACQ CORP	*W EXP 07/31/202	04684M114	38	125,076	SH		SOLE		125,076	0	0
ATHENA CONSUMER ACQ CORP	CL A	04684M106	451	45,239	SH		SOLE		45,239	0	0
AVAYA HLDGS CORP	COM	05351X101	633	50,000	SH		SOLE		50,000	0	0
BANNER ACQUISITION CORP	CLASS A COM	06654K101	513	52,078	SH		SOLE		52,078	0	0
BETTER WORLD ACQUISITION COR	COM	08772B104	308	30,000	SH		SOLE		30,000	0	0
BIOTECH ACQUISITION COMPANY	CL A SHS	G1125A108	343	34,781	SH		SOLE		34,781	0	0
BLOCKCHAIN COINVSTRS ACQ CRP	UNIT 09/01/2026	G11765123	101	10,000	SH		SOLE		10,000	0	0
BLUEROCK RESIDENTIAL GWT REI	COM CL A	09627J102	745	28,052	SH		DFND		28,052	0	0
BOTTOMLINE TECH DEL INC	COM	101388106	851	15,012	SH		SOLE		15,012	0	0
BP MIDSTREAM PARTNERS LP	UNIT LTD PTNR	0556EL109	48,937	2,892,264	SH		SOLE		2,892,264	0	0
BRAEMAR HOTELS & RESORTS INC	5.5 CUM CV PFD B	10482B200	10,285	565,750	SH		SOLE		565,750	0	0
CARNEY TECHNOLOGY ACQU CORP	CL A COMMON STK	143636108	708	72,109	SH		SOLE		72,109	0	0
CARNIVAL CORP	COMMON STOCK	143658300	396	19,600	SH	Call	SOLE		19,600	0	0
CARNIVAL CORP	COMMON STOCK	143658300	27	1,330	SH		SOLE		1,330	0	0
CBTX INC	COM	12481V104	6,605	213,050	SH		SOLE		213,050	0	0
CC NEUBERGER PRIN HLDGS II	SHS CL A	G3166T103	1,656	166,900	SH		SOLE		166,900	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	1,321	327,750	SH		DFND		327,750	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	1,020	253,033	SH		SOLE		253,033	0	0
CERNER CORP	COM	156782104	66,706	712,975	SH		SOLE		712,975	0	0
CHURCHILL CAPITAL CORP V	COM CL A	17144T107	716	72,800	SH		SOLE		72,800	0	0
CITRIX SYS INC	COM	177376100	39,208	388,584	SH		SOLE		388,584	0	0
CLASS ACCELERATION CORP	COM	18274B106	798	81,594	SH		SOLE		81,594	0	0
COHERUS BIOSCIENCES INC	COM	19249H103	478	37,000	SH		SOLE		37,000	0	0
COHN ROBBINS HOLDINGS CORP	COM CL A	G23726105	3,187	320,620	SH		SOLE		320,620	0	0
COMPUTE HEALTH ACQUISITIN CO	COM CL A	204833107	1,797	183,700	SH		SOLE		183,700	0	0
CONSTELLIUM SE	CL A SHS	F21107101	963	53,500	SH	Put	SOLE		53,500	0	0
CONSTELLIUM SE	CL A SHS	F21107101	693	38,500	SH	Call	SOLE		38,500	0	0
CONX CORP	COM CL A	212873103	2,105	213,700	SH		SOLE		213,700	0	0
CORNER GROWTH ACQUISITION CO	CL A SHS	G2425N105	1,015	103,335	SH		SOLE		103,335	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	1,346	164,149	SH		DFND		164,149	0	0
CRUCIBLE ACQUISITION CORP	COM CL A	22877P108	112	11,400	SH		SOLE		11,400	0	0
DPCM CAP INC	COM CL A	23344P101	120	12,100	SH		SOLE		12,100	0	0
DRAFTKINGS INC	COM CL A	26142R104	1,487	76,376	SH		SOLE		76,376	0	0
DTRT HEALTH ACQUISITION CORP	COM CL A	23344T103	497	49,512	SH		SOLE		49,512	0	0
DTRT HEALTH ACQUISITION CORP	*W EXP 08/31/202	23344T111	5	24,700	SH		SOLE		24,700	0	0
E MERGE TECHNOLOGY ACQUISITI	COM CL A	26873Y104	1,287	130,000	SH		SOLE		130,000	0	0
ELMIRA SVGS BK ELMIRA N Y	COM	289660102	359	15,655	SH		SOLE		15,655	0	0
ENERGEM CORP	UNIT 11/15/2026	G30449113	2,273	225,000	SH		SOLE		225,000	0	0
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	18,068	1,614,612	SH		SOLE		1,614,612	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	2,029	78,631	SH		SOLE		78,631	0	0
EPIPHANY TECHNOLOGY ACQUISIT	COM CL A	29429X109	257	26,162	SH		SOLE		26,162	0	0
EVEREST CONSOLIDATOR ACQ COR	UNIT 99/99/9999	29978K201	610	60,927	SH		SOLE		60,927	0	0
EXTERRAN CORP	COM	30227H106	1,091	175,703	SH		SOLE		175,703	0	0
FAR PEAK ACQUISITION CORP	SHS CL A	G3312L103	243	24,400	SH		SOLE		24,400	0	0
FAT PROJECTS ACQUISITION COR	*W EXP 08/31/202	G3400W110	26	150,000	SH		SOLE		150,000	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	207	311	SH		SOLE		311	0	0
FORUM MERGER IV CORP	CLASS A COM	349875104	1,466	150,026	SH		SOLE		150,026	0	0
GENESCO INC	COM	371532102	267	4,204	SH		SOLE		4,204	0	0
GIGCAPITAL 5 INC	COMMON STOCK	37519U109	1,335	134,063	SH		SOLE		134,063	0	0
GLOBAL SYNERGY ACQUISIT CORP	CL A SHS	G3934J106	245	24,680	SH		SOLE		24,680	0	0
GOGREEN INVESTMENTS CORP	*W EXP 05/31/202	G9461B119	45	181,950	SH		SOLE		181,950	0	0
GREEN VISOR FIN TEC ACQ CORP	UNIT 11/08/2026	G4166K118	1,471	145,507	SH		SOLE		145,507	0	0
GRUPO SUPERVIELLE S.A.	SPONSORED ADR	40054A108	67	33,205	SH		SOLE		33,205	0	0
GUARANTY FED BANCSHARES INC	COM	40108P101	621	19,771	SH		SOLE		19,771	0	0
HAYMAKER ACQUISITION CORP II	CLASS A COM	42087R108	393	39,736	SH		SOLE		39,736	0	0
HEALTH ASSURN ACQUISITION CO	COM CL A	42226W109	2,845	288,800	SH		SOLE		288,800	0	0
HEALTHCARE RLTY TR	COM	421946104	5,155	187,600	SH		SOLE		187,600	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	627	20,000	SH		DFND		20,000	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	8,351	266,450	SH		SOLE		266,450	0	0
HERON THERAPEUTICS INC	COM	427746102	1,390	242,950	SH		DFND		242,950	0	0
HERON THERAPEUTICS INC	COM	427746102	1,465	256,181	SH		SOLE		256,181	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	850	86,246	SH		SOLE		86,246	0	0
HIGHLAND INCOME FD	HIGHLAND INCOME	43010E404	4,658	390,105	SH		SOLE		390,105	0	0
HORIZON ACQUISITION CORPORAT	SHS CL A	G46044106	116	11,700	SH		SOLE		11,700	0	0
HOUGHTON MIFFLIN HARCOURT CO	COM	44157R109	3,392	161,460	SH		SOLE		161,460	0	0
HUTTIG BLDG PRODS INC	COM	448451104	2,577	241,782	SH		SOLE		241,782	0	0
ICONIC SPORTS ACQUISITION CO	UNIT 99/99/9999	G4712C123	201	20,000	SH		SOLE		20,000	0	0
IG ACQUISITION CORP	COM CL A	449534106	344	34,900	SH		SOLE		34,900	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	2,579	97,554	SH		SOLE		97,554	0	0
INTEGRATED RAIL AND RES ACQ	UNIT 99/99/9999	45827R205	2,958	294,324	SH		SOLE		294,324	0	0
INTELLIGENT MEDI ACQSITN COR	*W EXP 11/05/202	45828D114	35	125,000	SH		SOLE		125,000	0	0
INTERPRIVATE III FINANCIAL P	COM CL A	46064R106	149	15,068	SH		SOLE		15,068	0	0
INTRICON CORP	COM	46121H109	1,265	53,000	SH		SOLE		53,000	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	7,033	19,400	SH	Put	SOLE		19,400	0	0
INVESTORS BANCORP INC NEW	COM	46146L101	8,187	548,345	SH		SOLE		548,345	0	0
JACK CREEK INVESTMENT CORP	CL A SHS	G4989X115	125	12,792	SH		SOLE		12,792	0	0
JATT ACQUISITION CORP	*W EXP 07/19/202	G50752123	6	13,605	SH		SOLE		13,605	0	0
KKR & CO INC	COM	48251W104	343	5,866	SH		SOLE		5,866	0	0
LEFTERIS ACQUISITION CORP	COM CL A	52470X109	2,482	252,000	SH		SOLE		252,000	0	0
LEVEL ONE BANCORP INC	COM	52730D208	8,847	221,573	SH		SOLE		221,573	0	0
LIBERTY MEDIA ACQUISITION CO	COM SR A	53073L104	111	11,200	SH		SOLE		11,200	0	0
LIONHEART III CORP	CLASS A COM	536262108	2,434	244,909	SH		SOLE		244,909	0	0
LIONHEART III CORP	*W EXP 11/09/202	536262116	35	119,655	SH		SOLE		119,655	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	69	12,072	SH		SOLE		12,072	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	366	64,000	SH		DFND		64,000	0	0
LUX HEALTH TECH ACQUISITION	COM CL A	55068A100	1,052	106,700	SH		SOLE		106,700	0	0
LUXFER HOLDINGS PLC	SHS	G5698W116	231	13,773	SH		SOLE		13,773	0	0
MAXPRO CAPITAL ACQUISITN COR	*W EXP 09/27/202	57778T114	16	71,084	SH		SOLE		71,084	0	0
MAXPRO CAPITAL ACQUISITN COR	CLASS A COM	57778T106	710	71,084	SH		SOLE		71,084	0	0
MCLAREN TECHNOLOGY ACQ CORP	CLASS A COM	58176U109	897	90,000	SH		SOLE		90,000	0	0
MCLAREN TECHNOLOGY ACQ CORP	*W EXP 11/01/202	58176U117	19	92,147	SH		SOLE		92,147	0	0
MERCADOLIBRE INC	COM	58733R102	3,568	3,000	SH		SOLE		3,000	0	0
MERCURY ECOM ACQUISITION COR	CLASS A COM	589381102	983	100,172	SH		SOLE		100,172	0	0
MERCURY ECOM ACQUISITION COR	*W EXP 07/27/202	589381110	11	33,536	SH		SOLE		33,536	0	0
MIMECAST LTD	ORD SHS	G14838109	3,771	47,400	SH		SOLE		47,400	0	0
MONUMENT CIRCLE ACQUISITN CO	COM CL A	61531M101	100	10,194	SH		SOLE		10,194	0	0
MUDRICK CAPITAL ACQU CORP II	COM CL A	62477L107	816	81,400	SH		SOLE		81,400	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	28,879	1,825,479	SH		SOLE		1,825,479	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	17,256	763,540	SH		DFND		763,540	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	128,700	5,694,671	SH		SOLE		5,694,671	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	31,353	347,170	SH		SOLE		347,170	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	13,211	146,287	SH		DFND		146,287	0	0
NEXTDECADE CORP	COM	65342K105	3,343	505,000	SH		DFND		505,000	0	0
NORTHERN STAR INVSTMNT CORP	COM CLASS A	66573W107	98	10,000	SH		SOLE		10,000	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	1,600	67,700	SH		SOLE		67,700	0	0
PARABELLUM ACQUISITION CORP	COM CL A	69901P109	491	50,000	SH		SOLE		50,000	0	0
PARABELLUM ACQUISITION CORP	*W EXP 99/99/999	69901P117	51	223,160	SH		SOLE		223,160	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	192	64,770	SH		SOLE		64,770	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	149	50,000	SH		DFND		50,000	0	0
PARSEC CAPITAL ACQUISITION	*W EXP 10/05/202	70184A116	23	99,589	SH		SOLE		99,589	0	0
PARSEC CAPITAL ACQUISITION	CL A	70184A108	996	99,589	SH		SOLE		99,589	0	0
PARTNERS BANCORP	COM	70213Q108	1,458	158,268	SH		SOLE		158,268	0	0
PATTERSON COS INC	COM	703395103	557	17,200	SH		SOLE		17,200	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	39,819	1,991,938	SH		SOLE		1,991,938	0	0
PERCEPTION CAPITAL CORP II	*W EXP 10/25/202	G7007D110	50	198,080	SH		SOLE		198,080	0	0
PERCEPTION CAPITAL CORP II	CLASS A ORD	G7007D102	2,498	250,000	SH		SOLE		250,000	0	0
PERIPHAS CAPITAL PARTNERING	COM CL A	713895100	501	20,428	SH		SOLE		20,428	0	0
PERSHING SQUARE TONTINE HLDG	COM CL A	71531R109	298	15,000	SH		SOLE		15,000	0	0
PHOENIX BIOTECH ACQUISITION	CLASS A COM	71902K105	2,176	217,482	SH		SOLE		217,482	0	0
PHOENIX BIOTECH ACQUISITION	*W EXP 09/01/202	71902K113	24	108,741	SH		SOLE		108,741	0	0
PINE IS ACQUISITION CORP	CL A	722615101	1,405	142,900	SH		SOLE		142,900	0	0
PIVOTAL HOLDINGS CORP	CL A SHS	G7315C101	235	25,000	SH		SOLE		25,000	0	0
PIVOTAL INVESTMENT CORP III	COM CL A	72582M106	140	14,302	SH		SOLE		14,302	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	9,567	383,600	SH		SOLE		383,600	0	0
PRIVETERRA ACQUISITION CORP	CL A	74275N102	389	39,792	SH		SOLE		39,792	0	0
PROPTECH INVESTMENT CORP II	COM CL A	743497109	864	88,144	SH		SOLE		88,144	0	0
PROPTECH INVESTMENT CORP II	*W EXP 12/08/202	743497117	3	12,612	SH		SOLE		12,612	0	0
PROSPECTOR CAPITAL CORP	CL A	G7273A105	194	19,800	SH		SOLE		19,800	0	0
REDBALL ACQUISITION CORP	COM CL A	G7417R105	844	85,000	SH		SOLE		85,000	0	0
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	10,007	165,000	SH		SOLE		165,000	0	0
RIBBIT LEAP LTD	SHS CL A	G7552B105	988	100,100	SH		SOLE		100,100	0	0
ROSS ACQUISITION CORP II	SHS CL A	G7641C106	295	30,000	SH		SOLE		30,000	0	0
SEAPORT GLOBAL ACQUISITION I	CLASS A COM	81221H105	546	55,100	SH		SOLE		55,100	0	0
SEAPORT GLOBAL ACQUISITION I	*W EXP 11/17/202	81221H113	8	25,537	SH		SOLE		25,537	0	0
SEMPER PARATUS ACQUISITION C	UNIT 11/04/2026	G8028L123	2,488	246,346	SH		SOLE		246,346	0	0
SIERRA LAKE ACQUISITION CORP	CLASS A COM	826332108	592	60,000	SH		SOLE		60,000	0	0
SIERRA LAKE ACQUISITION CORP	*W EXP 12/17/202	826332116	8	30,000	SH		SOLE		30,000	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G8251L105	279	27,600	SH		SOLE		27,600	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G82514103	6,453	645,933	SH		SOLE		645,933	0	0
SOCIAL LEVERAGE ACQUISN CORP	COM CL A	83363K102	417	42,600	SH		SOLE		42,600	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	28,679	63,500	SH	Put	SOLE		63,500	0	0
SURGERY PARTNERS INC	COM	86881A100	412	7,486	SH		SOLE		7,486	0	0
SVF INVESTMENT CORP	CL A SHS	G8601L102	394	40,200	SH		SOLE		40,200	0	0
TALON 1 ACQUISITION CORP	UNIT 11/02/2026	G86656124	396	38,968	SH		SOLE		38,968	0	0
TARGA RES CORP	COM	87612G101	9,932	131,600	SH		SOLE		131,600	0	0
TASTEMAKER ACQUISITION CORP	COM CL A	876545104	297	30,000	SH		SOLE		30,000	0	0
TELESAT CORP	CL A & CL B SHS	879512309	777	47,100	SH		DFND		47,100	0	0
TELESAT CORP	CL A & CL B SHS	879512309	8,973	543,823	SH		SOLE		543,823	0	0
TERMINIX GLOBAL HOLDINGS INC	COM	88087E100	2,479	54,323	SH		SOLE		54,323	0	0
THRIVE ACQUISITION CORPORATI	CLASS A ORD	G7158C101	3,250	324,984	SH		SOLE		324,984	0	0
THRIVE ACQUISITION CORPORATI	*W EXP 10/31/202	G7158C119	39	162,492	SH		SOLE		162,492	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	1,644	49,485	SH		SOLE		49,485	0	0
US ECOLOGY INC	COM	91734M103	8,049	168,111	SH		SOLE		168,111	0	0
VEONEER INC	COM	92336X109	5,430	146,957	SH		SOLE		146,957	0	0
VISTRA CORP	COM	92840M102	3,092	133,000	SH		SOLE		133,000	0	0
VY GLOBAL GROWTH	COM CL A	G9444H100	2,400	242,400	SH		SOLE		242,400	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	5,499	215,636	SH		DFND		215,636	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	4,469	175,272	SH		SOLE		175,272	0	0
WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	958669103	7,276	288,492	SH		SOLE		288,492	0	0
WHEELER REAL ESTATE INVT TR	PFD CNV SER D	963025606	681	47,300	SH		SOLE		47,300	0	0
WHEELER REAL ESTATE INVT TR	CV PFD SER B	963025309	567	82,301	SH		SOLE		82,301	0	0
WHITESTONE REIT	COM	966084204	11,597	875,255	SH		SOLE		875,255	0	0
WHITESTONE REIT	COM	966084204	15,827	1,194,528	SH		DFND		1,194,528	0	0