13F-HR 1 d33086e13fvhr.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: December 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 800 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: Principal Phone: 972-628-4100 Signature, Place and Date of Signing: /s/ James D. Dondero Dallas, TX February 14, 2006 [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: 40 Form 13 F Information Table Value Total: 334,485.82 (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
INVESTMENT NAME OF ISSUER TITLE OF CLASS CUSIP VALUE UNITS SH/PRN DISCRETION VOTING -------------- -------------- ----- ----- ------ ------ --------------- ------ 40/86 Strategic Income Fund SH BEN INT 349739102 $1,037,504.00 111,80 SH SOLE SOLE Amerivest Properties Inc COM 03071L101 $582,132.00 139,600 SH SOLE SOLE Bancroft Convertible Fund Inc COM 059695106 $536,987.50 29,750 SH SOLE SOLE Biolase Technology Inc. COM 090911108 $948,181.29 118,671 SH SOLE SOLE Caremark Rx Inc. COM 141705103 $1,294,750.00 25,000 SH SOLE SOLE Centennial Bank Holdings COM 151345303 $1,237,000.00 100,000 SH SOLE SOLE COVAD Communications Group COM 222814204 $2,092,300.00 2,135,000 SH SOLE SOLE Covanta Holding Corp COM 22282E102 $1,120,464.00 74,400 SH SOLE SOLE Domino's Pizza, Inc. COM 25754A201 $726,000.00 30,000 SH SOLE SOLE Dreyfus High Yield Strategies Fund SH BEN INT 26200S101 $517,125.00 131,250 SH SOLE SOLE Ellsworth Convertible Growth And Income Fund Inc COM 289074106 $533,520.00 68,400 SH SOLE SOLE Home Depot COM 437076102 $5,262,400.00 130,000 SH SOLE SOLE Hospitality Properties COM SH BEN INT 44106M102 $1,203,000.00 30,000 SH SOLE SOLE I2 Technologies COM 465754208 $1,069,298.13 75,783 SH SOLE SOLE James River Coal Company COM 470355207 $3,369,545.60 88,208 SH SOLE SOLE JDS Uniphase COM 46612J101 $2,829,392.20 1,198,895 SH SOLE SOLE Leap Wireless COM 521863308 $193,348,194.52 5,104,229 SH SOLE SOLE Loral Space & Communication COM 543881106 $13,203,259.00 467,372 SH SOLE SOLE
Mosaic Company COM 61945A107 $585,200.00 40,000 SH SOLE SOLE NRG Energy, Inc. COM 629377508 $10,455,928.00 221,900 SH SOLE SOLE Nutri/System Inc. PUT 67069D108 $112,000.00 16,000 PUT SOLE SOLE Officemax Inc. COM 67622P101 $912,960.00 36,000 SH SOLE SOLE Pathmark Stores COM 70322A101 $174,635.19 17,481 SH SOLE SOLE Patterson-UTI Energy Inc COM 703481101 $1,977,000.00 60,000 SH SOLE SOLE Rhodia SA SPONSORED ADR 762397107 $714,446.00 338,600 SH SOLE SOLE Rotech Healthcare Inc. COM 778669101 $3,636,920.00 217,000 SH SOLE SOLE Rural/Metro Corp. COM 781748108 $2,037,950.48 225,437 SH SOLE SOLE Saks Incorporated COM 79377W108 $969,450.00 57,500 SH SOLE SOLE Salomon Brothers High Income Fund II Inc COM 794907105 $848,300.00 85,000 SH SOLE SOLE Savvis Inc. COM 805423100 $712,795.50 950,394 SH SOLE SOLE Shaw Group Inc. COM 820280105 $1,547,326.19 53,191 SH SOLE SOLE Shiloh Industries, Inc COM 824543102 $1,877,605.00 140,750 SH SOLE SOLE Skywest COM 830879102 $1,006,444.20 37,470 SH SOLE SOLE Sprint Nextel Corporation COM 852061100 $1,401,600.00 60,000 SH SOLE SOLE Synagro Technologies, Inc. COM 871562203 $2,117,538.00 500,600 SH SOLE SOLE Trico Marine Services COM 896106200 $10,953,800.00 421,300 SH SOLE SOLE Trump Entertainment Resorts, Inc. COM 89816T103 $15,217,192.98 755,946 SH SOLE SOLE
Unisource Energy Corp COM 909205106 $2,340,000.00 75,000 SH SOLE SOLE Walgreens Co COM 931422109 $39,834,000.00 900,000 SH SOLE SOLE Walter Industries, Inc COM 93317Q105 $4,141,676.00 83,300 SH SOLE SOLE Total $334,485,820.78 15,351,227