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
AIR TRANSPORT SERVICES GRP I	COM	00922R105	21,517,101	978,940	SH		SOLE		978,940	0	0
AIR TRANSPORT SERVICES GRP I	COM	00922R105	1,389,576	63,220	SH		OTR	1	63,220	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	5,462,800	56,000	SH		SOLE		56,000	0	0
ALTUS POWER INC	COM CL A	02217A102	122,100	30,000	SH		SOLE		30,000	0	0
AMENTUM HOLDINGS INC	COM	023939101	378,435	17,995	SH		SOLE		17,995	0	0
ARCH RESOURCES INC	CL A	03940R107	1,444,257	10,227	SH		OTR	1	10,227	0	0
ARCH RESOURCES INC	CL A	03940R107	12,635,377	89,473	SH		SOLE		89,473	0	0
AVID BIOSERVICES INC	COM	05368M106	2,908,808	235,531	SH		OTR	1	235,531	0	0
AVID BIOSERVICES INC	COM	05368M106	19,993,057	1,618,871	SH		SOLE		1,618,871	0	0
BALLYS CORPORATION	COM	05875B106	13,401,560	749,109	SH		SOLE		749,109	0	0
BALLYS CORPORATION	COM	05875B106	1,059,589	59,228	SH		OTR	1	59,228	0	0
BARNES GROUP INC	COM	067806109	3,757,595	79,509	SH		OTR	1	79,509	0	0
BARNES GROUP INC	COM	067806109	50,610,450	1,070,894	SH		SOLE		1,070,894	0	0
BAUSCH PLUS LOMB CORP	COMMON SHARES	071705107	365,859	20,258	SH		SOLE		20,258	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	365,688	3,600	SH		SOLE		3,600	0	0
BRAEMAR HOTELS & RESORTS INC	5.5 CUM CV PFD B	10482B200	7,779,063	565,750	SH		SOLE		565,750	0	0
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	G16258108	1,210,286	53,106	SH		SOLE		53,106	0	0
CANADA GOOSE HLDGS INC	SHS SUB VTG	135086106	375,624	37,450	SH		SOLE		37,450	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	4,749,098	327,750	SH		OTR	1	327,750	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	2,930,603	202,250	SH		SOLE		202,250	0	0
CERO THERAPEUTICS HLDGS INC	*W EXP 02/13/202	71902K113	903	108,741	SH		SOLE		108,741	0	0
CHAMPIONX CORPORATION	COM	15872M104	13,217,005	486,098	SH		SOLE		486,098	0	0
CHAMPIONX CORPORATION	COM	15872M104	2,212,260	81,363	SH		OTR	1	81,363	0	0
CHART INDS INC	COM	16115Q308	381,680	2,000	SH		SOLE		2,000	0	0
CLEAN ENERGY FUELS CORP	COM	184499101	65,762	26,200	SH		SOLE		26,200	0	0
CLEARWAY ENERGY INC	CL C	18539C204	314,600	12,100	SH		SOLE		12,100	0	0
COSTAR GROUP INC	COM	22160N109	216,059	3,018	SH		SOLE		3,018	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	2,139,762	169,419	SH		OTR	1	169,419	0	0
DIGITAL RLTY TR INC	COM	253868103	319,194	1,800	SH		OTR	1	1,800	0	0
DUN & BRADSTREET HLDGS INC	COM	26484T106	774,962	62,196	SH		SOLE		62,196	0	0
E2OPEN PARENT HOLDINGS INC	COM CL A	29788T103	345,295	129,810	SH		SOLE		129,810	0	0
ECOVYST INC	COM	27923Q109	204,026	26,705	SH		SOLE		26,705	0	0
ENDEAVOR GROUP HLDGS INC	CL A COM	29260Y109	38,827,073	1,240,878	SH		SOLE		1,240,878	0	0
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	22,283,860	1,137,512	SH		SOLE		1,137,512	0	0
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	1,175,400	60,000	SH		OTR		60,000	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	2,173,440	153,600	SH		SOLE		153,600	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	3,754,137	11,657	SH		OTR	1	11,657	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	30,844,983	95,777	SH		SOLE		95,777	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	2,465,868	78,631	SH		SOLE		78,631	0	0
FEDEX CORP	COM	31428X106	281,330	1,000	SH	Put	SOLE		1,000	0	0
FEDEX CORP	COM	31428X106	281,330	1,000	SH		SOLE		1,000	0	0
FRONTIER COMMUNICATIONS PARE	COM	35909D109	600,657	17,310	SH		SOLE		17,310	0	0
FRONTLINE PLC	COM	M46528101	158,928	11,200	SH		SOLE		11,200	0	0
GATOS SILVER INC	COM	368036109	251,053	17,958	SH		OTR	1	17,958	0	0
GATOS SILVER INC	COM	368036109	1,491,876	106,715	SH		SOLE		106,715	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	432,900	48,100	SH		SOLE		48,100	0	0
GREEN PLAINS INC	COM	393222104	400,530	42,250	SH		SOLE		42,250	0	0
GRUPO SUPERVIELLE S.A.	SPONSORED ADR	40054A108	367,173	24,300	SH		SOLE		24,300	0	0
GXO LOGISTICS INCORPORATED	COMMON STOCK	36262G101	352,350	8,100	SH		SOLE		8,100	0	0
HASHICORP INC	COM CL A	418100103	26,248,546	767,277	SH		SOLE		767,277	0	0
HASHICORP INC	COM CL A	418100103	2,312,185	67,588	SH		OTR	1	67,588	0	0
HERON THERAPEUTICS INC	COM	427746102	356,184	232,800	SH		SOLE		232,800	0	0
HERON THERAPEUTICS INC	COM	427746102	371,714	242,950	SH		OTR	1	242,950	0	0
HESS CORP	COM	42809H107	22,453,019	168,807	SH		SOLE		168,807	0	0
HESS CORP	COM	42809H107	1,359,096	10,218	SH		OTR	1	10,218	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	587,335	86,246	SH		SOLE		86,246	0	0
HIGHLAND OPPORTUNITIES	HIGHLAND INCOME	43010E404	1,733,486	334,005	SH		SOLE		334,005	0	0
HIGHLAND OPPORTUNITIES	HIGHLAND INCOME	43010E404	3,031,178	584,042	SH		OTR		584,042	0	0
INDIE SEMICONDUCTOR INC	CLASS A COM	45569U101	467,775	115,500	SH		SOLE		115,500	0	0
INTEGRAL AD SCIENCE HLDNG CO	COM	45828L108	560,221	53,661	SH		SOLE		53,661	0	0
IRON MTN INC DEL	COM	46284V101	399,418	3,800	SH		OTR	1	3,800	0	0
JACOBS SOLUTIONS INC	COM	46982L108	378,545	2,833	SH		SOLE		2,833	0	0
KELLANOVA	COM	487836108	2,089,026	25,800	SH		OTR	1	25,800	0	0
KELLANOVA	COM	487836108	25,872,344	319,530	SH		SOLE		319,530	0	0
LIONSGATE STUDIOS CORP	COM	53626M104	600,932	79,070	SH		SOLE		79,070	0	0
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	764,160	64,000	SH		OTR	1	64,000	0	0
MANITEX INTL INC	COM	563420108	2,964,403	511,104	SH		OTR	1	511,104	0	0
MARINEMAX INC	COM	567908108	346,097	11,955	SH		SOLE		11,955	0	0
MARTIN MIDSTREAM PRTNRS L P	UNIT L P INT	573331105	1,635,503	455,572	SH		SOLE		455,572	0	0
MCGRATH RENTCORP	COM	580589109	357,824	3,200	SH		SOLE		3,200	0	0
MERCADOLIBRE INC	COM	58733R102	5,101,320	3,000	SH		SOLE		3,000	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	278,226	1,800	SH		OTR	1	1,800	0	0
MONTROSE ENVIRONMENTAL GROUP	COM	615111101	639,010	34,448	SH		SOLE		34,448	0	0
MP MATERIALS CORP	COM CL A	553368101	186,919	11,982	SH		SOLE		11,982	0	0
MYR GROUP INC DEL	COM	55405W104	450,773	3,030	SH		SOLE		3,030	0	0
N-ABLE INC	COMMON STOCK	62878D100	534,183	57,193	SH		SOLE		57,193	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	12,277,769	2,012,749	SH		SOLE		2,012,749	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	4,537,418	743,839	SH		OTR		743,839	0	0
NEXPOINT DIVERSIFIED REL ET	COM NEW	65340G205	7,812,524	1,280,742	SH		OTR	1	1,280,742	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	44,928,097	2,863,486	SH		OTR	1	2,863,486	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	7,063,748	450,207	SH		OTR		450,207	0	0
NEXPOINT REAL ESTATE FIN INC	COM	65342V101	82,743,904	5,273,671	SH		SOLE		5,273,671	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	30,018,878	719,015	SH		OTR	1	719,015	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	18,715,022	448,264	SH		OTR		448,264	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	16,511,040	395,474	SH		SOLE		395,474	0	0
NORDSTROM INC	COM	655664100	8,756,066	362,570	SH		SOLE		362,570	0	0
NORDSTROM INC	COM	655664100	555,692	23,010	SH		OTR	1	23,010	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	5,953,538	67,700	SH		SOLE		67,700	0	0
PATTERSON COS INC	COM	703395103	9,758,055	316,204	SH		SOLE		316,204	0	0
PATTERSON COS INC	COM	703395103	571,404	18,516	SH		OTR	1	18,516	0	0
PLAYAGS INC	COM	72814N104	939,038	81,443	SH		SOLE		81,443	0	0
PLAYAGS INC	COM	72814N104	1,536,465	133,258	SH		OTR	1	133,258	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	4,463,655	257,123	SH		OTR	1	257,123	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	46,026,533	2,651,298	SH		SOLE		2,651,298	0	0
REVELYST INC	COM SHS	690045109	14,430,480	750,415	SH		SOLE		750,415	0	0
REVELYST INC	COM SHS	690045109	1,275,026	66,304	SH		OTR	1	66,304	0	0
SAFEHOLD INC	COM	78646V107	688,491	37,256	SH		OTR	1	37,256	0	0
SECUREWORKS CORP	CL A	81374A105	2,245,902	265,473	SH		OTR	1	265,473	0	0
SECUREWORKS CORP	CL A	81374A105	2,148,925	254,010	SH		SOLE		254,010	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	1,720,100	417,500	SH		SOLE		417,500	0	0
SIMPLY GOOD FOODS CO	COM	82900L102	458,132	11,753	SH		SOLE		11,753	0	0
SMARTSHEET INC	COM CL A	83200N103	3,347,232	59,740	SH		OTR	1	59,740	0	0
SMARTSHEET INC	COM CL A	83200N103	52,758,128	941,605	SH		SOLE		941,605	0	0
SOLO BRANDS INC	COM CL A	83425V104	166,440	146,000	SH		SOLE		146,000	0	0
SUMMIT MATLS INC	CL A	86614U100	1,666,258	32,930	SH		OTR	1	32,930	0	0
SUMMIT MATLS INC	CL A	86614U100	18,263,058	360,930	SH		SOLE		360,930	0	0
TALOS ENERGY INC	COM	87484T108	13,394,256	1,379,429	SH		SOLE		1,379,429	0	0
TALOS ENERGY INC	COM	87484T108	470,954	48,502	SH		OTR	1	48,502	0	0
TARGA RES CORP	COM	87612G101	11,745,300	65,800	SH		SOLE		65,800	0	0
TECK RESOURCES LTD	CL B	878742204	989,540	24,415	SH		SOLE		24,415	0	0
TELESAT CORP	CL A & CL B SHS	879512309	8,940,450	543,823	SH		SOLE		543,823	0	0
TELESAT CORP	CL A & CL B SHS	879512309	774,324	47,100	SH		OTR	1	47,100	0	0
TXNM ENERGY INC	COM	69349H107	385,985	7,850	SH		SOLE		7,850	0	0
UNITED STATES STL CORP NEW	COM	912909108	18,313,812	538,800	SH	Call	SOLE		538,800	0	0
UNITED STATES STL CORP NEW	COM	912909108	1,162,458	34,200	SH	Call	OTR	1	34,200	0	0
UNITED STATES STL CORP NEW	COM	912909108	10,686,456	314,400	SH	Put	SOLE		314,400	0	0
UNITED STATES STL CORP NEW	COM	912909108	696,795	20,500	SH	Put	OTR	1	20,500	0	0
UR-ENERGY INC	COM	91688R108	17,250	15,000	SH		SOLE		15,000	0	0
V F CORP	COM	918204108	302,092	14,077	SH		SOLE		14,077	0	0
VISTRA CORP	COM	92840M102	9,168,355	66,500	SH		SOLE		66,500	0	0
WESTERN MIDSTREAM PARTNERS L	COM UNIT LP INT	958669103	5,343,692	139,050	SH		SOLE		139,050	0	0
WHEELER REAL ESTATE INVT TR	CV PFD SER B	963025309	251,347	82,301	SH		SOLE		82,301	0	0
WHITESTONE REIT	COM	966084204	12,402,363	875,255	SH		SOLE		875,255	0	0
WILLSCOT HLDGS CORP	COM CL A	971378104	349,553	10,450	SH		SOLE		10,450	0	0
ZUORA INC	COM CL A	98983V106	942,430	95,003	SH		OTR	1	95,003	0	0
ZUORA INC	COM CL A	98983V106	11,025,148	1,111,406	SH		SOLE		1,111,406	0	0