13F-HR 1 d25569e13fvhr.txt FORM 13F-HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year Ended or Quarter Ended: March 31, 2005 Check here is Amendment [ ] Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this report: Highland Capital Management, L.P. 13455 Noel Road Suite 1300 Dallas, TX 75240 Form 13F File Number: 28-10659 The institutional investment manger filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person signing this report on behalf of Reporting Manager: Name: James D. Dondero Title: President Phone: 972-628-4100 Signature, Place and Date of Signing: /s/ James D. Dondero Dallas, TX May 13, 2005 [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F Holdings Report (Check here if all holdings of this reporting managers are reported in this report.) [ ] 13F Notice. (Check here if no holdings reported are in this report and all holdings are reported by other reporting manager (s). ) [ ] 13F Combination Report (Check here only if a portion of the holdings for this reporting manager are reported this report and a portion are reported by other reporting manager (s).) List of Other Managers Reporting for this Manager: NONE Form 13F Summary Page Report Summary: Number of Other Included Managers: none Form 13F Information Table Entry Total: 28 Form 13 F Information Table Value Total: 226,621 (Thousands) List of Other included Managers: Provide a numbered list of the name (s) and Form 13F file number (s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report NONE FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ NAMES OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ Biolase Technology Inc. COMMON 90911108 2,994 352,200 SH SOLE SOLE Conseco, Inc. PREFERRED 208464867 10,600 400,000 SH SOLE SOLE Domino's Pizza, Inc. COMMON 25754A201 300 16,000 SH SOLE SOLE Hanger Orthopedic Group, Inc. COMMON 41043F208 2,682 450,800 SH SOLE SOLE Hospitality Properties COMMON 44106M102 1,211 30,000 SH SOLE SOLE Hybridon Inc. COMMON 44860M801 52 88,522 SH SOLE SOLE James River Coal Co. COMMON 470355207 3383 88,208 SH SOLE SOLE JC Penney Inc. COMMON 708160106 260 5,000 SH SOLE SOLE JC Penney Inc. CALL 708160906 0 29,378 CALL SOLE SOLE Krispy Kreme Doughnuts Inc. PUT 501014954 162 80,000 PUT SOLE SOLE La Quinta Corporation COMMON 50419U202 187 22,000 SH SOLE SOLE Maytag Corp. CALL 578592907 6 20,000 CALL SOLE SOLE MCI Inc. COMMON 552691107 43325 1,739,971 SH SOLE SOLE Neighborcare Inc COMMON 64015Y104 144,770 4,949,412 SH SOLE SOLE Officemax Inc. COMMON 67622P101 3,668 109,500 SH SOLE SOLE Pathmark W EXP Stores Inc. 09/10/201 70322A119 3 17,481 SH SOLE SOLE PSS World Medical Inc. COMMON 69366A100 1,887 166,000 SH SOLE SOLE Rural/Metro Corp. COMMON 781748108 1,193 225,437 SH SOLE SOLE Salton Inc. COMMON 795757103 104 48,000 SH SOLE SOLE Savvis Communications COMMON 805423100 1,610 2,596,292 SH SOLE SOLE Corporation SBC Communications Inc. PUT 78387G953 5 50,000 PUT SOLE SOLE Shiloh Industries, Inc. COMMON 824543102 1478 113,250 SH SOLE SOLE Southwest Airlines Co. COMMON 844741108 384 27,000 SH SOLE SOLE Stericycle Inc. COMMON 858912108 442 10,000 SH SOLE SOLE Sun Healthcare Group Inc. COMMON 866933401 567 85,570 SH SOLE SOLE Telewest Global Inc. COMMON 87956T107 1,516 85,212 SH SOLE SOLE Unitedglobalcom, Inc. COMMON 913247508 1,807 191,044 SH SOLE SOLE Washington Group International, Inc COMMON 938862208 2025 45000 SH SOLE SOLE ======= 226,621