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
1LIFE HEALTHCARE INC	COM	68269G107	23,890	1,393,000	SH		SOLE		1,393,000	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	342	4,600	SH		SOLE		4,600	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	3,362	222,180	SH		DFND		222,180	0	0
AERIE PHARMACEUTICALS INC	COM	00771V108	25,293	1,671,711	SH		SOLE		1,671,711	0	0
AFC GAMMA INC	COM	00109K105	503	32,859	SH		DFND		32,859	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	7,851	56,000	SH		SOLE		56,000	0	0
ALLEGHANY CORP MD	COM	017175100	75,953	90,488	SH		SOLE		90,488	0	0
ALTENERGY ACQUISITION CORP	COM CL A	02157M108	246	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
ALTIMETER GROWTH CORP 2	COM CL A	G0371B109	2,824	285,000	SH		SOLE		285,000	0	0
AMRYT PHARMA PLC	SPONSORED ADS	03217L106	277	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
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	6	125,076	SH		SOLE		125,076	0	0
ATLAS AIR WORLDWIDE HLDGS IN	COM NEW	049164205	37,993	397,539	SH		SOLE		397,539	0	0
AVALARA INC	COM	05338G106	51,179	557,500	SH		SOLE		557,500	0	0
AVAYA HLDGS CORP	COM	05351X101	78	48,800	SH		SOLE		48,800	0	0
BANNER ACQUISITION CORP	CLASS A COM	06654K101	516	52,078	SH		SOLE		52,078	0	0
BIOHAVEN PHARMACTL HLDG CO L	COM	G11196105	35,920	237,616	SH		SOLE		237,616	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	750	28,052	SH		DFND		28,052	0	0
BRAEMAR HOTELS & RESORTS INC	5.5 CUM CV PFD B	10482B200	8,362	565,750	SH		SOLE		565,750	0	0
CARNEY TECHNOLOGY ACQU CORP	CL A COMMON STK	143636108	717	72,109	SH		SOLE		72,109	0	0
CBTX INC	COM	12481V104	6,171	210,967	SH		SOLE		210,967	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	890	202,250	SH		SOLE		202,250	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	1,442	327,750	SH		DFND		327,750	0	0
CHANNELADVISOR CORP	COM	159179100	20,757	916,000	SH		SOLE		916,000	0	0
CHEMOCENTRYX INC	COM	16383L106	67,938	1,315,094	SH		SOLE		1,315,094	0	0
CITRIX SYS INC	COM	177376100	30,841	296,545	SH		SOLE		296,545	0	0
CLASS ACCELERATION CORP	COM	18274B106	806	81,594	SH		SOLE		81,594	0	0
COMPUTE HEALTH ACQUISITIN CO	COM CL A	204833107	1,813	183,700	SH		SOLE		183,700	0	0
CONVEY HEALTH SOLUTIONS HLDG	COM	21258C108	6,660	633,680	SH		SOLE		633,680	0	0
CONX CORP	COM CL A	212873103	2,137	213,700	SH		SOLE		213,700	0	0
CORNER GROWTH ACQUISITION CO	CL A SHS	G2425N105	1,030	103,335	SH		SOLE		103,335	0	0
COVETRUS INC	COM	22304C100	67,399	3,227,906	SH		SOLE		3,227,906	0	0
COWEN INC	CL A NEW	223622606	48,890	1,265,282	SH		SOLE		1,265,282	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	898	164,149	SH		DFND		164,149	0	0
CYBEROPTICS CORP	COM	232517102	9,719	180,723	SH		SOLE		180,723	0	0
DIREXION SHS ETF TR	DRX S&P500BULL	25459W862	3,875	72,330	SH		SOLE		72,330	0	0
DTRT HEALTH ACQUISITION CORP	*W EXP 08/31/202	23344T111	5	24,700	SH		SOLE		24,700	0	0
DTRT HEALTH ACQUISITION CORP	COM CL A	23344T103	504	49,512	SH		SOLE		49,512	0	0
DUKE REALTY CORP	COM NEW	264411505	63,939	1,326,526	SH		SOLE		1,326,526	0	0
ENERGEM CORP	UNIT 11/15/2026	G30449113	2,300	225,000	SH		SOLE		225,000	0	0
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	17,809	1,614,612	SH		SOLE		1,614,612	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,870	78,631	SH		SOLE		78,631	0	0
EVEREST CONSOLIDATOR ACQ COR	UNIT 99/99/9999	29978K201	614	60,927	SH		SOLE		60,927	0	0
EVO PMTS INC	CL A COM	26927E104	11,655	350,000	SH		SOLE		350,000	0	0
EXTERRAN CORP	COM	30227H106	731	175,703	SH		SOLE		175,703	0	0
FAT PROJECTS ACQUISITION COR	*W EXP 08/31/202	G3400W110	7	150,000	SH		SOLE		150,000	0	0
FIRST HORIZON CORPORATION	COM	320517105	29,925	1,306,775	SH		SOLE		1,306,775	0	0
FORMA THERAPEUTICS HLDGS INC	SHS	34633R104	14,381	720,851	SH		SOLE		720,851	0	0
FORUM MERGER IV CORP	CLASS A COM	349875104	1,472	150,026	SH		SOLE		150,026	0	0
GLOBAL BLOOD THERAPEUTICS IN	COM	37890U108	39,304	577,150	SH		SOLE		577,150	0	0
GOGREEN INVESTMENTS CORP	*W EXP 05/31/202	G9461B119	21	181,950	SH		SOLE		181,950	0	0
GREEN VISOR FIN TEC ACQ CORP	UNIT 11/08/2026	G4166K118	1,478	145,507	SH		SOLE		145,507	0	0
GRUPO SUPERVIELLE S.A.	SPONSORED ADR	40054A108	43	24,300	SH		SOLE		24,300	0	0
HANGER INC	COM NEW	41043F208	30,257	1,616,283	SH		SOLE		1,616,283	0	0
HEALTH ASSURN ACQUISITION CO	COM CL A	42226W109	2,882	288,800	SH		SOLE		288,800	0	0
HEALTHCARE RLTY TR	CL A COM	42226K105	17,194	824,635	SH		SOLE		824,635	0	0
HERON THERAPEUTICS INC	COM	427746102	1,025	242,950	SH		DFND		242,950	0	0
HERON THERAPEUTICS INC	COM	427746102	1,081	256,181	SH		SOLE		256,181	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	752	86,246	SH		SOLE		86,246	0	0
HIGHLAND INCOME FD	HIGHLAND INCOME	43010E404	3,247	334,005	SH		SOLE		334,005	0	0
HILL INTL INC	COM	431466101	8,300	2,500,000	SH		SOLE		2,500,000	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	1,632	97,554	SH		SOLE		97,554	0	0
INFRA AND ENERGY ALTRNTIVE I	COM	45686J104	12,315	909,512	SH		SOLE		909,512	0	0
INTEGRATED RAIL AND RES ACQ	UNIT 99/99/9999	45827R205	2,964	294,324	SH		SOLE		294,324	0	0
INTELLIGENT MEDI ACQSITN COR	*W EXP 11/05/202	45828D114	11	125,000	SH		SOLE		125,000	0	0
IROBOT CORP	COM	462726100	12,757	226,476	SH		SOLE		226,476	0	0
ISHARES TR	GL CLEAN ENE ETF	464288224	344	18,000	SH		SOLE		18,000	0	0
ITRON INC	COM	465741106	257	6,100	SH		SOLE		6,100	0	0
JACK CREEK INVESTMENT CORP	CL A SHS	G4989X115	127	12,792	SH		SOLE		12,792	0	0
KKR & CO INC	COM	48251W104	252	5,866	SH		SOLE		5,866	0	0
LEFTERIS ACQUISITION CORP	COM CL A	52470X109	2,520	252,000	SH		SOLE		252,000	0	0
LIONHEART III CORP	CLASS A COM	536262108	2,471	244,909	SH		SOLE		244,909	0	0
LIONHEART III CORP	*W EXP 11/09/202	536262116	7	113,155	SH		SOLE		113,155	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	399	64,000	SH		DFND		64,000	0	0
LUX HEALTH TECH ACQUISITION	COM CL A	55068A100	1,068	106,700	SH		SOLE		106,700	0	0
LUXFER HLDGS PLC	SHS	G5698W116	200	13,773	SH		SOLE		13,773	0	0
MANNING & NAPIER INC	CL A	56382Q102	4,049	330,000	SH		SOLE		330,000	0	0
MAXPRO CAPITAL ACQUISITN COR	*W EXP 09/27/202	57778T114	8	71,084	SH		SOLE		71,084	0	0
MAXPRO CAPITAL ACQUISITN COR	CLASS A COM	57778T106	720	71,084	SH		SOLE		71,084	0	0
MCLAREN TECHNOLOGY ACQ CORP	*W EXP 11/01/202	58176U117	7	92,147	SH		SOLE		92,147	0	0
MCLAREN TECHNOLOGY ACQ CORP	CLASS A COM	58176U109	907	90,000	SH		SOLE		90,000	0	0
MERCADOLIBRE INC	COM	58733R102	2,483	3,000	SH		SOLE		3,000	0	0
MERCURY ECOM ACQUISITION COR	CLASS A COM	589381102	999	100,172	SH		SOLE		100,172	0	0
MFA FINL INC	COM	55272X607	175	22,500	SH		DFND		22,500	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	277	5,600	SH		SOLE		5,600	0	0
MONUMENT CIRCLE ACQUISITN CO	COM CL A	61531M101	101	10,194	SH		SOLE		10,194	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	22,910	1,825,479	SH		SOLE		1,825,479	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	85,306	5,694,671	SH		SOLE		5,694,671	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	11,438	763,540	SH		DFND		763,540	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	16,329	353,361	SH		SOLE		353,361	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	6,845	148,120	SH		DFND		148,120	0	0
NEXTDECADE CORP	COM	65342K105	1,830	304,000	SH		DFND		304,000	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	202	2,800	SH		SOLE		2,800	0	0
NORTONLIFELOCK INC	COM	668771108	2,433	120,800	SH		SOLE		120,800	0	0
NORWEGIAN CRUISE LINE HLDG L	SHS	G66721104	136	12,000	SH	Call	SOLE		12,000	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	1,542	67,700	SH		SOLE		67,700	0	0
PARABELLUM ACQUISITION CORP	*W EXP 99/99/999	69901P117	8	223,160	SH		SOLE		223,160	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	129	50,000	SH		DFND		50,000	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	166	64,770	SH		SOLE		64,770	0	0
PARSEC CAPITAL ACQUISITION	CL A	70184A108	1,007	99,589	SH		SOLE		99,589	0	0
PARSEC CAPITAL ACQUISITION	*W EXP 10/05/202	70184A116	3	99,589	SH		SOLE		99,589	0	0
PARTNERS BANCORP	COM	70213Q108	1,407	158,268	SH		SOLE		158,268	0	0
PATTERSON COS INC	COM	703395103	413	17,200	SH		SOLE		17,200	0	0
PBF LOGISTICS LP	UNIT LTD PTNR	69318Q104	21,854	1,156,897	SH		SOLE		1,156,897	0	0
PERCEPTION CAPITAL CORP II	*W EXP 10/25/202	G7007D110	5	198,080	SH		SOLE		198,080	0	0
PERIPHAS CAPITAL PARTNERING	COM CL A	713895100	505	20,428	SH		SOLE		20,428	0	0
PHOENIX BIOTECH ACQUISITION	*W EXP 09/01/202	71902K113	9	108,741	SH		SOLE		108,741	0	0
PHOENIX BIOTECH ACQUISITION	CLASS A COM	71902K105	2,197	217,482	SH		SOLE		217,482	0	0
PINE IS ACQUISITION CORP	CL A	722615101	1,426	142,900	SH		SOLE		142,900	0	0
PING IDENTITY HLDG CORP	COM	72341T103	34,189	1,218,000	SH		SOLE		1,218,000	0	0
PIVOTAL INVESTMENT CORP III	COM CL A	72582M106	141	14,302	SH		SOLE		14,302	0	0
PRIMO WATER CORPORATION	COM	74167P108	351	28,000	SH		SOLE		28,000	0	0
PRIVETERRA ACQUISITION CORP	CL A	74275N102	392	39,792	SH		SOLE		39,792	0	0
PROFESSIONAL HLDG CORP	CL A COM	743139107	5,968	230,087	SH		SOLE		230,087	0	0
PROPTECH INVESTMENT CORP II	COM CL A	743497109	877	88,144	SH		SOLE		88,144	0	0
PROPTECH INVESTMENT CORP II	*W EXP 12/08/202	743497117	2	12,612	SH		SOLE		12,612	0	0
PROSHARES TR	ULTRAPRO QQQ	74347X831	3,755	194,350	SH		SOLE		194,350	0	0
PZENA INVT MGMT INC	CLASS A	74731Q103	964	101,697	SH		SOLE		101,697	0	0
RANDOLPH BANCORP INC	COM	752378109	270	10,000	SH		SOLE		10,000	0	0
SAFEHOLD INC	COM	78645L100	986	37,256	SH		DFND		37,256	0	0
SALESFORCE INC	COM	79466L302	7,165	49,809	SH		SOLE		49,809	0	0
SEAPORT GLOBAL ACQUISITION I	CLASS A COM	81221H105	551	55,100	SH		SOLE		55,100	0	0
SEAPORT GLOBAL ACQUISITION I	*W EXP 11/17/202	81221H113	3	21,237	SH		SOLE		21,237	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	41,403	2,618,790	SH		SOLE		2,618,790	0	0
SIERRA LAKE ACQUISITION CORP	CLASS A COM	826332108	601	60,000	SH		SOLE		60,000	0	0
SIERRA WIRELESS INC	COM	826516106	12,480	410,000	SH		SOLE		410,000	0	0
SOCIAL CAPITAL HEDOSOPHA HLD	SHS CL A	G82514103	1,058	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	24,039	719,293	SH		SOLE		719,293	0	0
STORE CAP CORP	COM	862121100	52,785	1,684,800	SH		SOLE		1,684,800	0	0
SWITCH INC	CL A	87105L104	73,578	2,183,975	SH		SOLE		2,183,975	0	0
TALON 1 ACQUISITION CORP	UNIT 11/02/2026	G86656124	397	38,968	SH		SOLE		38,968	0	0
TARGA RES CORP	COM	87612G101	7,941	131,600	SH		SOLE		131,600	0	0
TASTEMAKER ACQUISITION CORP	COM CL A	876545104	299	30,000	SH		SOLE		30,000	0	0
TELESAT CORP	CL A & CL B SHS	879512309	368	47,100	SH		DFND		47,100	0	0
TELESAT CORP	CL A & CL B SHS	879512309	4,247	543,823	SH		SOLE		543,823	0	0
TENNECO INC	CL A VTG COM STK	880349105	35,287	2,029,157	SH		SOLE		2,029,157	0	0
TERMINIX GLOBAL HOLDINGS INC	COM	88087E100	23,163	604,937	SH		SOLE		604,937	0	0
TEUCRIUM COMMODITY TR	CORN FD SHS	88166A102	5,593	206,850	SH		SOLE		206,850	0	0
THRIVE ACQUISITION CORPORATI	*W EXP 10/31/202	G7158C119	13	162,492	SH		SOLE		162,492	0	0
THRIVE ACQUISITION CORPORATI	CLASS A ORD	G7158C101	3,299	324,984	SH		SOLE		324,984	0	0
TRANSGLOBE ENERGY CORP	COM	893662106	2,345	874,946	SH		SOLE		874,946	0	0
TWITTER INC	COM	90184L102	460	10,500	SH		SOLE		10,500	0	0
UMPQUA HLDGS CORP	COM	904214103	23,093	1,351,258	SH		SOLE		1,351,258	0	0
VISTRA CORP	COM	92840M102	2,793	133,000	SH		SOLE		133,000	0	0
VY GLOBAL GROWTH	COM CL A	G9444H100	2,431	242,400	SH		SOLE		242,400	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	16,192	922,071	SH		SOLE		922,071	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	5,638	321,074	SH		DFND		321,074	0	0
WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	958669103	7,258	288,492	SH		SOLE		288,492	0	0
WHEELER REAL ESTATE INVT TR	CV PFD SER B	963025309	189	82,301	SH		SOLE		82,301	0	0
WHEELER REAL ESTATE INVT TR	PFD CNV SER D	963025606	550	47,300	SH		SOLE		47,300	0	0
WHITESTONE REIT	COM	966084204	7,405	875,255	SH		SOLE		875,255	0	0
WHITESTONE REIT	COM	966084204	6,178	730,263	SH		DFND		730,263	0	0
ZENDESK INC	COM	98936J101	53,765	706,500	SH		SOLE		706,500	0	0