# EDGAR Filing Document

**Accession Number:** 0001903866
**File Stem:** 0001754960-25-000545
**Filing Date:** 2025-8
**Character Count:** 9058
**Document Hash:** 95b705f0e687ba69fead91033c5ec776
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-25-000545.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001754960-25-000545

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250805

**EFFECTIVENESS DATE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Highlander Partners, L.P.
- **CENTRAL INDEX KEY:** 0001903866

**ORGANIZATION NAME:**
- **EIN:** 200910803

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21529
- **FILM NUMBER:** 251186926

**BUSINESS ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 550
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-245-5000

**MAIL ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 550
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Highlander Partners L.P.<br>**Address:** 300 CRESCENT COURT<br>SUITE 550<br>DALLAS, TX 75201

**Form 13F File Number:** 028-21529

The institutional investment manager 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:** Aryn Sands<br>**Title:** Agent<br>**Phone:** 844-844-3453

**Signature, Place, and Date of Signing:**

Aryn Sands  Reno, NV  08-05-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 53

**Form 13F Information Table Value Total:** $260294285

      (round to nearest dollar)

**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.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                            | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Wallace Capital Management Inc. | 028-14310              |  |  |
|     2 | STIFEL FINANCIAL CORP           | 028-04621              |  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADOBE INC | COM | 00724F101 |  | 386880 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 5108400 | 36000 | SH |  | SOLE |  | 0 | 0 | 36000 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 9639850 | 85000 | SH |  | SOLE |  | 0 | 0 | 85000 |
| AMAZON COM INC | COM | 023135106 |  | 22597170 | 103000 | SH |  | SOLE |  | 0 | 0 | 103000 |
| BLACKSTONE INC | COM | 09260D107 |  | 35151300 | 235000 | SH |  | SOLE |  | 0 | 0 | 235000 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 692280 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| DAKTRONICS INC | COM | 234264109 |  | 6048000 | 400000 | SH |  | SOLE |  | 0 | 0 | 400000 |
| DANAHER CORPORATION | COM | 235851102 |  | 11062240 | 56000 | SH |  | SOLE |  | 0 | 0 | 56000 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 3678000 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 |  | 17576079 | 1488237 | SH |  | SOLE |  | 0 | 0 | 1488237 |
| HONEYWELL INTL INC | COM | 438516106 |  | 10596040 | 45500 | SH |  | SOLE |  | 0 | 0 | 45500 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1799226 | 9900 | SH |  | SOLE |  | 0 | 0 | 9900 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 303496 | 2360 | SH |  | SOLE |  | 0 | 0 | 2360 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 12977712 | 79200 | SH |  | SOLE |  | 0 | 0 | 79200 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 6258452 | 122980 | SH |  | SOLE |  | 0 | 0 | 122980 |
| PARSONS CORP DEL | COM | 70202L102 |  | 8755940 | 122000 | SH |  | SOLE |  | 0 | 0 | 122000 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2471400 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 11878000 | 200000 | SH |  | SOLE |  | 0 | 0 | 200000 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 6773040 | 81800 | SH |  | SOLE |  | 0 | 0 | 81800 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 6916800 | 41250 | SH |  | SOLE |  | 0 | 0 | 41250 |
| SPECTRAL AI INC | COM CL A | 84757T105 |  | 350712 | 141416 | SH |  | SOLE |  | 0 | 0 | 141416 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 |  | 13453218 | 169436 | SH |  | SOLE |  | 0 | 0 | 169436 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 45401795 | 353569 | SH |  | SOLE |  | 0 | 0 | 353569 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 |  | 6844520 | 249800 | SH |  | SOLE |  | 0 | 0 | 249800 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 502802 | 280 | SH |  | OTR | 1 | 0 | 0 | 280 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 249502 | 2200 | SH |  | OTR | 2 | 0 | 0 | 2200 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 387706 | 2200 | SH |  | OTR | 2 | 0 | 0 | 2200 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 307440 | 14000 | SH |  | OTR | 2 | 0 | 0 | 14000 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 740799 | 1525 | SH |  | OTR | 12 | 0 | 0 | 1525 |
| BLACKSTONE INC | COM | 09260D107 |  | 1346220 | 9000 | SH |  | OTR | 2 | 0 | 0 | 9000 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 921525 | 33077 | SH |  | OTR | 2 | 0 | 0 | 33077 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 309660 | 17080 | SH |  | OTR | 2 | 0 | 0 | 17080 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 434140 | 14000 | SH |  | OTR | 2 | 0 | 0 | 14000 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 215600 | 2000 | SH |  | OTR | 2 | 0 | 0 | 2000 |
| META PLATFORMS INC | CL A | 30303M102 |  | 405950 | 550 | SH |  | OTR | 2 | 0 | 0 | 550 |
| FISERV INC | COM | 337738108 |  | 327579 | 1900 | SH |  | OTR | 2 | 0 | 0 | 1900 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 506201 | 535 | SH |  | OTR | 1 | 0 | 0 | 535 |
| HOME DEPOT INC | COM | 437076102 |  | 229150 | 625 | SH |  | OTR | 2 | 0 | 0 | 625 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 220560 | 6000 | SH |  | OTR | 2 | 0 | 0 | 6000 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 434865 | 1500 | SH |  | OTR | 2 | 0 | 0 | 1500 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 307120 | 22000 | SH |  | OTR | 2 | 0 | 0 | 22000 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 736129 | 14291 | SH |  | OTR | 2 | 0 | 0 | 14291 |
| MERCK  CO INC | COM | 58933Y105 |  | 261228 | 3300 | SH |  | OTR | 2 | 0 | 0 | 3300 |
| MICROSOFT CORP | COM | 594918104 |  | 522281 | 1050 | SH |  | OTR | 2 | 0 | 0 | 1050 |
| ORACLE CORP | COM | 68389X105 |  | 255797 | 1170 | SH |  | OTR | 2 | 0 | 0 | 1170 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 455325 | 2500 | SH |  | OTR | 2 | 0 | 0 | 2500 |
| PHILLIPS 66 | COM | 718546104 |  | 238600 | 2000 | SH |  | OTR | 2 | 0 | 0 | 2000 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 291450 | 15000 | SH |  | OTR | 2 | 0 | 0 | 15000 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 246610 | 1000 | SH |  | OTR | 1 | 0 | 0 | 1000 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 353603 | 1160 | SH |  | OTR | 2 | 0 | 0 | 1160 |
| SPECTRAL AI INC | COM CL A | 84757T105 |  | 1881288 | 758584 | SH |  | OTR | 2 | 0 | 0 | 758584 |
| VISA INC | COM CL A | 92826C839 |  | 248535 | 700 | SH |  | OTR | 2 | 0 | 0 | 700 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 236070 | 6100 | SH |  | OTR | 2 | 0 | 0 | 6100 |

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