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	23,277,030	1,393,000	SH		SOLE		1,393,000	0	0
ADVANCED DRAIN SYS INC DEL	COM	00790R104	245,910	3,000	SH		SOLE		3,000	0	0
AFC GAMMA INC	COM	00109K105	516,872	32,859	SH		DFND		32,859	0	0
AGROFRESH SOLUTIONS INC	COM	00856G109	1,821,599	615,405	SH		SOLE		615,405	0	0
AIR PRODS & CHEMS INC	COM	009158106	770,650	2,500	SH	Put	SOLE		2,500	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	8,157,520	56,000	SH		SOLE		56,000	0	0
ALTENERGY ACQUISITION CORP	COM CL A	02157M108	250,635	24,500	SH		SOLE		24,500	0	0
ALTENERGY ACQUISITION CORP	*W EXP 10/29/202	02157M116	1,288	12,500	SH		SOLE		12,500	0	0
ALTUS POWER INC	COM CL A	02217A102	260,800	40,000	SH		SOLE		40,000	0	0
APOLLO ENDOSURGERY INC	COM	03767D108	138,583	13,900	SH		SOLE		13,900	0	0
APPRECIATE HOLDINGS INC	*W EXP 11/29/202	03832J114	380	12,612	SH		SOLE		12,612	0	0
ARBOR RAPHA CAP BIOHLDS CORP	UNIT 10/31/2028	03881F203	267,500	25,000	SH		SOLE		25,000	0	0
ASCENDANT DIGITAL ACQ CORP I	UNIT 99/99/9999	G05157121	103,000	10,000	SH		SOLE		10,000	0	0
ASPEN AEROGELS INC	COM	04523Y105	201,020	17,050	SH		SOLE		17,050	0	0
ATHENA CONSUMER ACQ CORP	*W EXP 07/31/202	04684M114	14,546	125,076	SH		SOLE		125,076	0	0
ATLAS AIR WORLDWIDE HLDGS IN	COM NEW	049164205	72,650,390	720,738	SH		SOLE		720,738	0	0
ATLAS CORP	SHARES	Y0436Q109	20,522,312	1,337,830	SH		SOLE		1,337,830	0	0
AVAYA HLDGS CORP	COM	05351X101	9,139	46,630	SH		SOLE		46,630	0	0
AVEO PHARMACEUTICALS INC	COM NEW	053588307	21,898,865	1,464,807	SH		SOLE		1,464,807	0	0
BANNER ACQUISITION CORP	CLASS A COM	06654K101	524,946	52,078	SH		SOLE		52,078	0	0
BENEFITFOCUS INC	COM	08180D106	11,588,676	1,107,904	SH		SOLE		1,107,904	0	0
BIOHAVEN LTD	COM	G1110E107	1,165,920	84,000	SH		SOLE		84,000	0	0
BLOCKCHAIN COINVSTRS ACQ CRP	UNIT 09/01/2026	G11765123	102,700	10,000	SH		SOLE		10,000	0	0
BLOOM ENERGY CORP	COM CL A	093712107	240,912	12,600	SH		SOLE		12,600	0	0
BRAEMAR HOTELS & RESORTS INC	5.5 CUM CV PFD B	10482B200	8,820,043	565,750	SH		SOLE		565,750	0	0
CARNEY TECHNOLOGY ACQU CORP	CL A COMMON STK	143636108	738,396	72,109	SH		SOLE		72,109	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	1,946,835	327,750	SH		DFND		327,750	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	1,201,365	202,250	SH		SOLE		202,250	0	0
CHARGEPOINT HOLDINGS INC	COM CL A	15961R105	210,613	22,100	SH		SOLE		22,100	0	0
CHART INDS INC	COM	16115Q308	760,518	6,600	SH		SOLE		6,600	0	0
CLEAN ENERGY FUELS CORP	COM	184499101	141,440	27,200	SH		SOLE		27,200	0	0
CORNER GROWTH ACQUISITION CO	CL A SHS	G2425N105	1,021,983	103,335	SH		SOLE		103,335	0	0
COUPA SOFTWARE INC	COM	22266L106	32,980,084	416,573	SH		SOLE		416,573	0	0
COWEN INC	CL A NEW	223622606	52,422,556	1,357,394	SH		SOLE		1,357,394	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	1,098,157	164,149	SH		DFND		164,149	0	0
DARLING INGREDIENTS INC	COM	237266101	375,540	6,000	SH		SOLE		6,000	0	0
DIREXION SHS ETF TR	DRX S&P500BULL	25459W862	9,026,446	145,330	SH		SOLE		145,330	0	0
DTRT HEALTH ACQUISITION CORP	*W EXP 08/31/202	23344T111	7,408	24,700	SH		SOLE		24,700	0	0
ECOVYST INC	COM	27923Q109	177,200	20,000	SH		SOLE		20,000	0	0
ELME COMMUNITIES	SH BEN INT	939653101	5,715,117	321,074	SH		DFND		321,074	0	0
ELME COMMUNITIES	SH BEN INT	939653101	16,412,864	922,071	SH		SOLE		922,071	0	0
ENERGEM CORP	UNIT 11/15/2026	G30449113	2,432,250	225,000	SH		SOLE		225,000	0	0
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	19,165,444	1,614,612	SH		SOLE		1,614,612	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,896,580	78,631	SH		SOLE		78,631	0	0
EVEREST CONSOLIDATOR ACQ COR	UNIT 99/99/9999	29978K201	622,065	60,927	SH		SOLE		60,927	0	0
EVO PMTS INC	CL A COM	26927E104	72,887,096	2,153,874	SH		SOLE		2,153,874	0	0
FAT PROJECTS ACQUISITION COR	*W EXP 08/31/202	G3400W110	3,750	150,000	SH		SOLE		150,000	0	0
FIRST HORIZON CORPORATION	COM	320517105	43,882,832	1,791,136	SH		SOLE		1,791,136	0	0
FORUM MERGER IV CORP	CLASS A COM	349875104	1,507,761	150,026	SH		SOLE		150,026	0	0
GOGREEN INVESTMENTS CORP	*W EXP 05/31/202	G9461B119	60,044	181,950	SH		SOLE		181,950	0	0
GREEN VISOR FIN TEC ACQ CORP	UNIT 11/08/2026	G4166K118	1,504,542	145,507	SH		SOLE		145,507	0	0
GRUPO SUPERVIELLE S.A.	SPONSORED ADR	40054A108	52,488	24,300	SH		SOLE		24,300	0	0
HEALTHCARE RLTY TR	CL A COM	42226K105	15,890,716	824,635	SH		SOLE		824,635	0	0
HERON THERAPEUTICS INC	COM	427746102	640,453	256,181	SH		SOLE		256,181	0	0
HERON THERAPEUTICS INC	COM	427746102	607,375	242,950	SH		DFND		242,950	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	812,437	86,246	SH		SOLE		86,246	0	0
HIGHLAND INCOME FD	HIGHLAND INCOME	43010E404	3,440,252	334,005	SH		SOLE		334,005	0	0
HIGHLAND INCOME FD	HIGHLAND INCOME	43010E404	4,058,633	394,042	SH		DFND		394,042	0	0
HORIZON THERAPEUTICS PUB L	SHS	G46188101	58,299,512	512,298	SH		SOLE		512,298	0	0
IMAGO BIOSCIENCES INC	COM	45250K107	11,269,498	313,477	SH		SOLE		313,477	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	1,644,760	97,554	SH		SOLE		97,554	0	0
INTEGRATED RAIL AND RES ACQ	UNIT 99/99/9999	45827R205	3,010,935	294,324	SH		SOLE		294,324	0	0
INTELLIGENT MEDI ACQSITN COR	*W EXP 11/05/202	45828D114	1,338	125,000	SH		SOLE		125,000	0	0
IROBOT CORP	COM	462726100	6,699,022	139,186	SH		SOLE		139,186	0	0
ITRON INC	COM	465741106	209,894	4,144	SH		SOLE		4,144	0	0
JACK CREEK INVESTMENT CORP	CL A SHS	G4989X115	129,583	12,792	SH		SOLE		12,792	0	0
KNOWBE4 INC	CL A	49926T104	101,673,183	4,103,034	SH		SOLE		4,103,034	0	0
LIONHEART III CORP	*W EXP 11/09/202	536262116	5,420	113,155	SH		SOLE		113,155	0	0
LIONHEART III CORP	CLASS A COM	536262108	2,495,623	244,909	SH		SOLE		244,909	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	438,400	64,000	SH		DFND		64,000	0	0
MAXAR TECHNOLOGIES INC	COM	57778K105	12,715,157	245,751	SH		SOLE		245,751	0	0
MAXPRO CAPITAL ACQUISITN COR	CLASS A COM	57778T106	738,563	71,084	SH		SOLE		71,084	0	0
MAXPRO CAPITAL ACQUISITN COR	*W EXP 09/27/202	57778T114	3,910	71,084	SH		SOLE		71,084	0	0
MCLAREN TECHNOLOGY ACQ CORP	*W EXP 11/01/202	58176U117	2,304	92,147	SH		SOLE		92,147	0	0
MCLAREN TECHNOLOGY ACQ CORP	CLASS A COM	58176U109	918,900	90,000	SH		SOLE		90,000	0	0
MERCADOLIBRE INC	COM	58733R102	2,538,720	3,000	SH		SOLE		3,000	0	0
MERCURY ECOM ACQUISITION COR	CLASS A COM	589381102	997,713	100,172	SH		SOLE		100,172	0	0
MERIDIAN BIOSCIENCE INC	COM	589584101	64,396,681	1,939,075	SH		SOLE		1,939,075	0	0
MFA FINL INC	COM	55272X607	221,625	22,500	SH		DFND		22,500	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	340,032	5,600	SH		SOLE		5,600	0	0
MONEYGRAM INTL INC	COM NEW	60935Y208	51,272,712	4,708,238	SH		SOLE		4,708,238	0	0
MP MATERIALS CORP	COM CL A	553368101	223,376	9,200	SH		SOLE		9,200	0	0
MYOVANT SCIENCES LTD	COM	G637AM102	36,073,289	1,338,030	SH		SOLE		1,338,030	0	0
NEW FORTRESS ENERGY INC	COM CL A	644393100	661,752	15,600	SH		SOLE		15,600	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	20,463,620	1,825,479	SH		SOLE		1,825,479	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	90,488,322	5,694,671	SH		SOLE		5,694,671	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	12,132,651	763,540	SH		DFND		763,540	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	15,525,804	356,751	SH		SOLE		356,751	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	6,482,870	148,963	SH		DFND		148,963	0	0
NEXTDECADE CORP	COM	65342K105	1,501,760	304,000	SH		DFND		304,000	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	392,504	5,600	SH		SOLE		5,600	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	2,162,338	67,700	SH		SOLE		67,700	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	93,500	50,000	SH		DFND		50,000	0	0
PARATEK PHARMACEUTICALS INC	COM	699374302	121,120	64,770	SH		SOLE		64,770	0	0
PATTERSON COS INC	COM	703395103	482,116	17,200	SH		SOLE		17,200	0	0
PCSB FINL CORP	COM	69324R104	590,240	31,000	SH		SOLE		31,000	0	0
PERCEPTION CAPITAL CORP II	*W EXP 10/25/202	G7007D110	3,922	198,080	SH		SOLE		198,080	0	0
PHOENIX BIOTECH ACQUISITION	CLASS A COM	71902K105	2,240,065	217,482	SH		SOLE		217,482	0	0
PHOENIX BIOTECH ACQUISITION	*W EXP 09/01/202	71902K113	4,687	108,741	SH		SOLE		108,741	0	0
PIVOTAL INVESTMENT CORP III	COM CL A	72582M106	144,751	14,302	SH		SOLE		14,302	0	0
PLANET LABS PBC	COM CL A	72703X106	87,000	20,000	SH		SOLE		20,000	0	0
POSHMARK INC	COM CL A	73739W104	28,240,334	1,579,437	SH		SOLE		1,579,437	0	0
PRIMO WATER CORPORATION	COM	74167P108	503,496	32,400	SH		SOLE		32,400	0	0
PRIVETERRA ACQUISITION CORP	CL A	74275N102	400,109	39,792	SH		SOLE		39,792	0	0
PROFESSIONAL HLDG CORP	CL A COM	743139107	7,910,921	285,181	SH		SOLE		285,181	0	0
PROSHARES TR	ULTRAPRO QQQ	74347X831	6,735,755	389,350	SH		SOLE		389,350	0	0
PROSHARES TR II	ULTRA VIX SHORT	74347Y839	379,358	55,300	SH		SOLE		55,300	0	0
RENESOLA LTD	SPONSORED ADS	75971T301	359,340	79,500	SH		SOLE		79,500	0	0
SAFEHOLD INC	COM	78645L100	1,066,267	37,256	SH		DFND		37,256	0	0
SALESFORCE INC	COM	79466L302	6,604,175	49,809	SH		SOLE		49,809	0	0
SEAPORT GLOBAL ACQUISITION I	*W EXP 11/17/202	81221H113	212	21,237	SH		SOLE		21,237	0	0
SEAPORT GLOBAL ACQUISITION I	CLASS A COM	81221H105	562,020	55,100	SH		SOLE		55,100	0	0
SEASPINE HLDGS CORP	COM	81255T108	344,137	41,214	SH		SOLE		41,214	0	0
SOCIAL LEVERAGE ACQUISN CORP	CL A COM	83363K102	426,000	42,600	SH		SOLE		42,600	0	0
SOLAREDGE TECHNOLOGIES INC	COM	83417M104	433,403	1,530	SH		SOLE		1,530	0	0
STEM INC	COM	85859N102	286,080	32,000	SH		SOLE		32,000	0	0
STORE CAP CORP	COM	862121100	101,614,811	3,169,520	SH		SOLE		3,169,520	0	0
SUNNOVA ENERGY INTL INC.	COM	86745K104	232,689	12,920	SH		SOLE		12,920	0	0
SUNRUN INC	COM	86771W105	302,652	12,600	SH		SOLE		12,600	0	0
TALON 1 ACQUISITION CORP	UNIT 11/02/2026	G86656124	400,981	38,968	SH		SOLE		38,968	0	0
TARGA RES CORP	COM	87612G101	9,672,600	131,600	SH		SOLE		131,600	0	0
TELESAT CORP	CL A & CL B SHS	879512309	353,250	47,100	SH		DFND		47,100	0	0
TELESAT CORP	CL A & CL B SHS	879512309	4,078,673	543,823	SH		SOLE		543,823	0	0
TEUCRIUM COMMODITY TR	CORN FD SHS	88166A102	5,570,471	206,850	SH		SOLE		206,850	0	0
THRIVE ACQUISITION CORPORATI	CLASS A ORD	G7158C101	3,360,335	324,984	SH		SOLE		324,984	0	0
THRIVE ACQUISITION CORPORATI	*W EXP 10/31/202	G7158C119	1,641	162,492	SH		SOLE		162,492	0	0
TREAN INS GROUP INC	COM	89457R101	7,545,684	1,257,614	SH		SOLE		1,257,614	0	0
UMPQUA HLDGS CORP	COM	904214103	35,679,633	1,998,859	SH		SOLE		1,998,859	0	0
USERTESTING INC	COM	91734E101	15,193,751	2,023,136	SH		SOLE		2,023,136	0	0
VISTRA CORP	COM	92840M102	3,085,600	133,000	SH		SOLE		133,000	0	0
VIVINT SMART HOME INC	COM CL A	928542109	42,495,935	3,571,087	SH		SOLE		3,571,087	0	0
WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	958669103	7,466,985	278,100	SH		SOLE		278,100	0	0
WHEELER REAL ESTATE INVT TR	CV PFD SER B	963025309	125,098	82,301	SH		SOLE		82,301	0	0
WHEELER REAL ESTATE INVT TR	PFD CNV SER D	963025606	607,332	47,300	SH		SOLE		47,300	0	0
WHITESTONE REIT	COM	966084204	8,437,458	875,255	SH		SOLE		875,255	0	0
WHITESTONE REIT	COM	966084204	7,136,135	740,263	SH		DFND		740,263	0	0