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
ACTIVISION BLIZZARD INC	COM	00507V109	358	4,600	SH		SOLE		4,600	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	1,666	222,180	SH		DFND		222,180	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	657	87,598	SH		SOLE		87,598	0	0
AFC GAMMA INC	COM	00109K105	370	24,109	SH		DFND		24,109	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	8,122	56,000	SH		SOLE		56,000	0	0
ALLEGHANY CORP MD	COM	017175100	30,127	36,163	SH		SOLE		36,163	0	0
ALTENERGY ACQUISITION CORP	COM CL A	02157M108	245	24,500	SH		SOLE		24,500	0	0
ALTENERGY ACQUISITION CORP	*W EXP 10/29/202	02157M116	2	12,500	SH		SOLE		12,500	0	0
ALTERYX INC	COM CL A	02156B103	269	5,550	SH		SOLE		5,550	0	0
ALTIMETER GROWTH CORP 2	COM CL A	G0371B109	2,810	285,000	SH		SOLE		285,000	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	78,127	1,211,836	SH		SOLE		1,211,836	0	0
AMRYT PHARMA PLC	SPONSORED ADS	03217L106	280	40,000	SH		DFND		40,000	0	0
ARBOR RAPHA CAP BIOHLDS CORP	UNIT 10/31/2028	03881F203	253	25,000	SH		SOLE		25,000	0	0
ASCENDANT DIGITAL ACQ CORP I	UNIT 99/99/9999	G05157121	101	10,000	SH		SOLE		10,000	0	0
ATHENA CONSUMER ACQ CORP	*W EXP 07/31/202	04684M114	18	125,076	SH		SOLE		125,076	0	0
AVAYA HLDGS CORP	COM	05351X101	112	50,000	SH		SOLE		50,000	0	0
BANNER ACQUISITION CORP	CLASS A COM	06654K101	515	52,078	SH		SOLE		52,078	0	0
BIOHAVEN PHARMACTL HLDG CO L	COM	G11196105	25,139	172,525	SH		SOLE		172,525	0	0
BLOCKCHAIN COINVSTRS ACQ CRP	UNIT 09/01/2026	G11765123	100	10,000	SH		SOLE		10,000	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM UNIT	09625U109	12,931	2,860,846	SH		SOLE		2,860,846	0	0
BLUEROCK RESIDENTIAL GWT REI	COM CL A	09627J102	737	28,052	SH		DFND		28,052	0	0
BRAEMAR HOTELS & RESORTS INC	5.5 CUM CV PFD B	10482B200	9,052	565,750	SH		SOLE		565,750	0	0
CARNEY TECHNOLOGY ACQU CORP	CL A COMMON STK	143636108	712	72,109	SH		SOLE		72,109	0	0
CARNIVAL CORP	COMMON STOCK	143658300	112	12,900	SH	Call	SOLE		12,900	0	0
CBTX INC	COM	12481V104	5,610	210,967	SH		SOLE		210,967	0	0
CC NEUBERGER PRIN HLDGS II	SHS CL A	G3166T103	1,667	166,900	SH		SOLE		166,900	0	0
CDK GLOBAL INC	COM	12508E101	53,923	984,530	SH		SOLE		984,530	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	777	253,033	SH		SOLE		253,033	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	1,006	327,750	SH		DFND		327,750	0	0
CITRIX SYS INC	COM	177376100	9,541	98,190	SH		SOLE		98,190	0	0
CLASS ACCELERATION CORP	COM	18274B106	801	81,594	SH		SOLE		81,594	0	0
CMC MATERIALS INC	COM	12571T100	15,727	90,133	SH		SOLE		90,133	0	0
COHERENT INC	COM	192479103	6,612	24,835	SH		SOLE		24,835	0	0
COHERUS BIOSCIENCES INC	COM	19249H103	268	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	1,802	183,700	SH		SOLE		183,700	0	0
CONVEY HEALTH SOLUTIONS HLDG	COM	21258C108	234	22,500	SH		SOLE		22,500	0	0
CONX CORP	COM CL A	212873103	2,111	213,700	SH		SOLE		213,700	0	0
CORNER GROWTH ACQUISITION CO	CL A SHS	G2425N105	1,019	103,335	SH		SOLE		103,335	0	0
CORNERSTONE BLDG BRANDS INC	COM	21925D109	62,699	2,560,173	SH		SOLE		2,560,173	0	0
COVETRUS INC	COM	22304C100	10,907	525,624	SH		SOLE		525,624	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	827	164,149	SH		DFND		164,149	0	0
DIREXION SHS ETF TR	DRX S&P500BULL	25459W862	17,791	271,250	SH		SOLE		271,250	0	0
DIREXION SHS ETF TR	DLY SMCAP BULL3X	25459W847	9,519	290,225	SH		SOLE		290,225	0	0
DTRT HEALTH ACQUISITION CORP	COM CL A	23344T103	498	49,512	SH		SOLE		49,512	0	0
DTRT HEALTH ACQUISITION CORP	*W EXP 08/31/202	23344T111	2	24,700	SH		SOLE		24,700	0	0
DUKE REALTY CORP	COM NEW	264411505	24,019	437,101	SH		SOLE		437,101	0	0
E MERGE TECHNOLOGY ACQUISITI	COM CL A	26873Y104	1,299	130,000	SH		SOLE		130,000	0	0
ENERGEM CORP	UNIT 11/15/2026	G30449113	2,266	225,000	SH		SOLE		225,000	0	0
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	16,114	1,614,612	SH		SOLE		1,614,612	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,916	78,631	SH		SOLE		78,631	0	0
EVEREST CONSOLIDATOR ACQ COR	UNIT 99/99/9999	29978K201	613	60,927	SH		SOLE		60,927	0	0
EXTERRAN CORP	COM	30227H106	756	175,703	SH		SOLE		175,703	0	0
FAT PROJECTS ACQUISITION COR	*W EXP 08/31/202	G3400W110	11	150,000	SH		SOLE		150,000	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	203	311	SH		SOLE		311	0	0
FIRST HORIZON CORPORATION	COM	320517105	28,566	1,306,775	SH		SOLE		1,306,775	0	0
FORUM MERGER IV CORP	CLASS A COM	349875104	1,466	150,026	SH		SOLE		150,026	0	0
GENESCO INC	COM	371532102	210	4,204	SH		SOLE		4,204	0	0
GIGCAPITAL 5 INC	COMMON STOCK	37519U109	1,345	134,063	SH		SOLE		134,063	0	0
GLOBAL SYNERGY ACQUISIT CORP	CL A SHS	G3934J106	246	24,680	SH		SOLE		24,680	0	0
GOGREEN INVESTMENTS CORP	*W EXP 05/31/202	G9461B119	44	181,950	SH		SOLE		181,950	0	0
GREEN VISOR FIN TEC ACQ CORP	UNIT 11/08/2026	G4166K118	1,464	145,507	SH		SOLE		145,507	0	0
GRUPO SUPERVIELLE S.A.	SPONSORED ADR	40054A108	33	24,300	SH		SOLE		24,300	0	0
GTY TECHNOLOGY HOLDINGS INC	COM	362409104	18,241	2,913,867	SH		SOLE		2,913,867	0	0
HEALTH ASSURN ACQUISITION CO	COM CL A	42226W109	2,853	288,800	SH		SOLE		288,800	0	0
HEALTHCARE RLTY TR	COM	421946104	22,430	824,635	SH		SOLE		824,635	0	0
HERON THERAPEUTICS INC	COM	427746102	715	256,181	SH		SOLE		256,181	0	0
HERON THERAPEUTICS INC	COM	427746102	678	242,950	SH		DFND		242,950	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	834	86,246	SH		SOLE		86,246	0	0
HIGHLAND INCOME FD	HIGHLAND INCOME	43010E404	3,761	334,005	SH		SOLE		334,005	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	2,022	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	16	125,000	SH		SOLE		125,000	0	0
JACK CREEK INVESTMENT CORP	CL A SHS	G4989X115	126	12,792	SH		SOLE		12,792	0	0
KKR & CO INC	COM	48251W104	272	5,866	SH		SOLE		5,866	0	0
LEFTERIS ACQUISITION CORP	COM CL A	52470X109	2,497	252,000	SH		SOLE		252,000	0	0
LIONHEART III CORP	*W EXP 11/09/202	536262116	19	113,155	SH		SOLE		113,155	0	0
LIONHEART III CORP	CLASS A COM	536262108	2,449	244,909	SH		SOLE		244,909	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	61	12,072	SH		SOLE		12,072	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	325	64,000	SH		DFND		64,000	0	0
LUX HEALTH TECH ACQUISITION	COM CL A	55068A100	1,055	106,700	SH		SOLE		106,700	0	0
LUXFER HOLDINGS PLC	SHS	G5698W116	208	13,773	SH		SOLE		13,773	0	0
MANTECH INTERNATIONAL CORP	CL A	564563104	17,797	186,453	SH		SOLE		186,453	0	0
MAXPRO CAPITAL ACQUISITN COR	CLASS A COM	57778T106	717	71,084	SH		SOLE		71,084	0	0
MAXPRO CAPITAL ACQUISITN COR	*W EXP 09/27/202	57778T114	7	71,084	SH		SOLE		71,084	0	0
MCLAREN TECHNOLOGY ACQ CORP	*W EXP 11/01/202	58176U117	11	92,147	SH		SOLE		92,147	0	0
MCLAREN TECHNOLOGY ACQ CORP	CLASS A COM	58176U109	901	90,000	SH		SOLE		90,000	0	0
MERCADOLIBRE INC	COM	58733R102	1,911	3,000	SH		SOLE		3,000	0	0
MERCURY ECOM ACQUISITION COR	CLASS A COM	589381102	991	100,172	SH		SOLE		100,172	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	821	81,400	SH		SOLE		81,400	0	0
NATUS MED INC DEL	COM	639050103	8,572	261,591	SH		SOLE		261,591	0	0
NEOPHOTONICS CORP	COM	64051T100	8,324	529,170	SH		SOLE		529,170	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	30,102	1,825,479	SH		SOLE		1,825,479	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	15,477	763,540	SH		DFND		763,540	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	115,431	5,694,671	SH		SOLE		5,694,671	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	21,923	350,712	SH		SOLE		350,712	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	9,214	147,404	SH		DFND		147,404	0	0
NEXTDECADE CORP	COM	65342K105	1,350	304,000	SH		DFND		304,000	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	1,386	67,700	SH		SOLE		67,700	0	0
PARABELLUM ACQUISITION CORP	*W EXP 99/99/999	69901P117	29	223,160	SH		SOLE		223,160	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	125	64,770	SH		SOLE		64,770	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	97	50,000	SH		DFND		50,000	0	0
PARSEC CAPITAL ACQUISITION	CL A	70184A108	1,002	99,589	SH		SOLE		99,589	0	0
PARSEC CAPITAL ACQUISITION	*W EXP 10/05/202	70184A116	13	99,589	SH		SOLE		99,589	0	0
PARTNERS BANCORP	COM	70213Q108	1,430	158,268	SH		SOLE		158,268	0	0
PATTERSON COS INC	COM	703395103	521	17,200	SH		SOLE		17,200	0	0
PERCEPTION CAPITAL CORP II	*W EXP 10/25/202	G7007D110	26	198,080	SH		SOLE		198,080	0	0
PERIPHAS CAPITAL PARTNERING	COM CL A	713895100	501	20,428	SH		SOLE		20,428	0	0
PHOENIX BIOTECH ACQUISITION	CLASS A COM	71902K105	2,181	217,482	SH		SOLE		217,482	0	0
PHOENIX BIOTECH ACQUISITION	*W EXP 09/01/202	71902K113	11	108,741	SH		SOLE		108,741	0	0
PINE IS ACQUISITION CORP	CL A	722615101	1,410	142,900	SH		SOLE		142,900	0	0
PIVOTAL INVESTMENT CORP III	COM CL A	72582M106	140	14,302	SH		SOLE		14,302	0	0
PLANTRONICS INC NEW	COM	727493108	11,860	298,900	SH		SOLE		298,900	0	0
PRIVETERRA ACQUISITION CORP	CL A	74275N102	390	39,792	SH		SOLE		39,792	0	0
PROPTECH INVESTMENT CORP II	*W EXP 12/08/202	743497117	1	12,612	SH		SOLE		12,612	0	0
PROPTECH INVESTMENT CORP II	COM CL A	743497109	870	88,144	SH		SOLE		88,144	0	0
PROSHARES TR	ULTRAPRO QQQ	74347X831	17,510	729,600	SH		SOLE		729,600	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	43,656	233,265	SH		SOLE		233,265	0	0
RANDOLPH BANCORP INC	COM	752378109	265	10,000	SH		SOLE		10,000	0	0
RATTLER MIDSTREAM LP	COM UNITS	75419T103	11,861	868,950	SH		SOLE		868,950	0	0
REDBALL ACQUISITION CORP	COM CL A	G7417R105	847	85,000	SH		SOLE		85,000	0	0
RIBBIT LEAP LTD	SHS CL A	G7552B105	992	100,100	SH		SOLE		100,100	0	0
SAFEHOLD INC	COM	78645L100	714	20,200	SH		DFND		20,200	0	0
SALESFORCE INC	COM	79466L302	9,902	60,000	SH		SOLE		60,000	0	0
SEAPORT GLOBAL ACQUISITION I	CLASS A COM	81221H105	550	55,100	SH		SOLE		55,100	0	0
SEAPORT GLOBAL ACQUISITION I	*W EXP 11/17/202	81221H113	5	21,237	SH		SOLE		21,237	0	0
SIERRA LAKE ACQUISITION CORP	CLASS A COM	826332108	596	60,000	SH		SOLE		60,000	0	0
SIERRA ONCOLOGY INC	COM NEW	82640U404	20,669	375,864	SH		SOLE		375,864	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G82514103	1,050	105,733	SH		SOLE		105,733	0	0
SOCIAL LEVERAGE ACQUISN CORP	COM CL A	83363K102	419	42,600	SH		SOLE		42,600	0	0
SOUTH JERSEY INDS INC	COM	838518108	31,002	908,084	SH		SOLE		908,084	0	0
SWITCH INC	CL A	87105L104	35,427	1,057,530	SH		SOLE		1,057,530	0	0
TALON 1 ACQUISITION CORP	UNIT 11/02/2026	G86656124	395	38,968	SH		SOLE		38,968	0	0
TARGA RES CORP	COM	87612G101	7,853	131,600	SH		SOLE		131,600	0	0
TASTEMAKER ACQUISITION CORP	COM CL A	876545104	298	30,000	SH		SOLE		30,000	0	0
TELESAT CORP	CL A & CL B SHS	879512309	526	47,100	SH		DFND		47,100	0	0
TELESAT CORP	CL A & CL B SHS	879512309	6,074	543,823	SH		SOLE		543,823	0	0
TENNECO INC	CL A VTG COM STK	880349105	346	20,150	SH		SOLE		20,150	0	0
TERMINIX GLOBAL HOLDINGS INC	COM	88087E100	24,591	604,937	SH		SOLE		604,937	0	0
TEUCRIUM COMMODITY TR	CORN FD SHS	88166A102	5,204	206,850	SH		SOLE		206,850	0	0
THRIVE ACQUISITION CORPORATI	*W EXP 10/31/202	G7158C119	18	162,492	SH		SOLE		162,492	0	0
THRIVE ACQUISITION CORPORATI	CLASS A ORD	G7158C101	3,266	324,984	SH		SOLE		324,984	0	0
TURNING POINT THERAPEUTICS I	COM	90041T108	45,309	602,108	SH		SOLE		602,108	0	0
TWITTER INC	COM	90184L102	393	10,500	SH		SOLE		10,500	0	0
UMPQUA HLDGS CORP	COM	904214103	17,597	1,049,315	SH		SOLE		1,049,315	0	0
USA TRUCK INC	COM	902925106	2,330	74,169	SH		SOLE		74,169	0	0
VISTRA CORP	COM	92840M102	3,039	133,000	SH		SOLE		133,000	0	0
VY GLOBAL GROWTH	COM CL A	G9444H100	2,398	242,400	SH		SOLE		242,400	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	19,649	922,071	SH		SOLE		922,071	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	6,842	321,074	SH		DFND		321,074	0	0
WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	958669103	7,013	288,492	SH		SOLE		288,492	0	0
WHEELER REAL ESTATE INVT TR	PFD CNV SER D	963025606	627	47,300	SH		SOLE		47,300	0	0
WHEELER REAL ESTATE INVT TR	CV PFD SER B	963025309	411	82,301	SH		SOLE		82,301	0	0
WHITESTONE REIT	COM	966084204	9,409	875,255	SH		SOLE		875,255	0	0
WHITESTONE REIT	COM	966084204	7,958	740,263	SH		DFND		740,263	0	0