NEXPOINT ASSET MANAGEMENT, L.P.

CIK 0001469877 · Q2 2026

13F Equity AUM

$1.5B

+2.1% QoQ

Positions

-13 QoQ

AUM Rank

#1,879

Top 21%

Skill Alpha (FF)

-7.0%/yr^ns

No Clear Edge

Rank #7,876 · Top 95%

vs S&P -6.8%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 29.5%Top 10: 50.4%Top 20: 80.0%

NREF9.8%

NUVL5.1%

GBTG5.1%

TMHC5.0%

WTRG4.6%

BLD4.4%

JHG4.4%

EA4.2%

SILA4.0%

WSR3.9%

Others (59)49.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare20.7%

Real Estate19.9%

Communication Services13.3%

Financial Services11.4%

Utilities11.0%

Industrials8.6%

Technology6.9%

Consumer Cyclical5.6%

Other2.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 69Median: 0.35%Avg: 1.45%

0–0.5%

37(4.7%)

0.5–1%

6(4.0%)

1–3%

11(24.3%)

3–5%

11(42.0%)

5%+

4(25.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 69vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New29Increased14Decreased4Exited42

New Positions

NUVL5.1%

+618K

GBTG5.1%

+8.1M

TMHC5.0%

+1.0M

WTRG4.6%

+1.8M

BLD4.4%

+186K

JHG4.4%

+1.3M

SILA4.0%

+2.0M

AVNS3.6%

+2.2M

CPRX3.4%

+1.6M

OGN2.7%

+3.0M

Increased

TALK2.4%

+3.8M(+128%)

FRMI2.5%

+2.7M(+211%)

WSR3.9%

+2.2M(+248%)

CCO1.7%

+1.3M(+14%)

WBD3.4%

+1.1M(+122%)

HFRO2.2%

+470K(+11%)

TXNM3.1%

+271K(+50%)

NXDT1.9%

+117K(+2%)

ET1.0%

+86K(+13%)

GTLS3.1%

+36K(+19%)

Decreased

SHC0.2%

-124,563(-39%)

LION0.2%

-70,372(-24%)

KYIVW0.2%

-63,519(-22%)

MIDD0.2%

-22,525(-60%)

Exited

HOLX

-1,541,860

CWAN

-4,004,230

SEE

-1,993,800

-3,358,217

-1,168,656

-895,961

-310,130

-4,597,870

-904,200

-373,150

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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