Highland Global Allocation Fund Takes 5.1% Stake in Teucrium Corn Fund

TL;DR

**Highland Global Allocation Fund just bought 5.1% of Teucrium Corn Fund, signaling a big bet on corn.**

AI Summary

Highland Global Allocation Fund, a Massachusetts-based investment company, reported on February 2, 2024, that it beneficially owns 205,850 shares, or 5.1%, of Teucrium Corn Fund's fractional undivided beneficial interests as of December 31, 2023. This significant stake, valued at approximately $6.8 million based on Teucrium Corn Fund's recent trading price of $33.20, indicates Highland's belief in the potential of corn commodities. For investors, this matters because a large institutional holding can signal confidence in the asset, potentially influencing future price movements and liquidity.

Why It Matters

This filing reveals a major institutional investor's significant bet on corn commodities, which could be a bullish signal for the Teucrium Corn Fund and the broader agricultural market.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive signal rather than a risk.

Analyst Insight

A smart investor would research the Teucrium Corn Fund (CORN) and the broader corn commodity market, considering this new institutional endorsement as a potential positive indicator for future performance.

Key Numbers

• 205,850 — Shares Beneficially Owned (Represents the total number of fractional undivided beneficial interests in Teucrium Corn Fund held by Highland Global Allocation Fund.)
• 5.1% — Percent of Class (Indicates the percentage of Teucrium Corn Fund's outstanding shares owned by Highland Global Allocation Fund.)
• 4,025,004 — Total Shares Outstanding (The basis for calculating the 5.1% ownership, as reported by the Issuer on November 7, 2023.)
• December 31, 2023 — Date of Event (The date as of which the beneficial ownership was determined for this filing.)
• February 2, 2024 — Filing Date (The date this SC 13G filing was made public.)

Key Players & Entities

• Highland Global Allocation Fund (company) — reporting person, beneficial owner of shares
• Teucrium Corn Fund (company) — issuer of the securities
• James D. Dondero (person) — group member
• Nexpoint Asset Management Fund, L.P. (company) — group member
• 09 Crypto Assets (company) — organization name associated with Teucrium Commodity Trust
• Massachusetts (company) — place of organization for Highland Global Allocation Fund

Forward-Looking Statements

• Teucrium Corn Fund (CORN) may see increased investor interest due to this significant institutional holding. (Teucrium Corn Fund) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• hgaf20240130_sc13g.htm (SC 13G) — 112KB
• 0001437749-24-002965.txt ( ) — 114KB

(a)

Item 1(a) Name of Issuer. Teucrium Corn Fund

(b)

Item 1(b) Address of Issuer ' s Principal Executive Offices. Three Main Street, Suite 215 Burlington, VT 05401

(a)

Item 2(a) Name of Person Filing. Highland Global Allocation Fund NexPoint Asset Management, L.P. James D. Dondero

(b)

Item 2(b) Address of Principal Business Office, or, if none, Residence. 300 Crescent Court, Suite 700 Dallas, Texas 75201

(c)

Item 2(c) Citizenship or Place of Organization. Highland Global Allocation Fund is a Massachusetts closed-ended investment company. NexPoint Asset Management, L.P., is Delaware limited partnership. James D. Dondero is a United States citizen.

(d)

Item 2(d) Title of Class of Securities. Fractional undivided beneficial interests

(e)

Item 2(e) CUSIP Number. 88166A102 CUSIP No. 88166A102 13G Page 6 of 9 Item 3 Reporting Person. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4 (a) Amount beneficially owned: Highland Global Allocation Fund: 205,850 shares NexPoint Asset Management, L.P. 205,850 shares James D. Dondero: 205,850 (b) Percent of Class: Highland Global Allocation Fund: 5.1% NexPoint Asset Management, L.P.: 5.1% James D. Dondero: 5.1% CUSIP No. 88166A102 13G Page 7 of 9 (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: Highland Global Allocation Fund: 0 shares NexPoint Asset Management, L.P. 0 shares James D. Dondero: 0 shares (ii) Shared power to vote or direct the vote: Highland Global Allocation Fund: 205,850 shares NexPoint Asset Management, L.P.: 205,850 shares James D. Dondero: 205,850 shares (iii) Sole power to dispose or to direct the disposition of: Highland Global Allocation Fund: 0 shares NexPoint As

View Full Filing

View this SC 13G filing on SEC EDGAR