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

TL;DR

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

AI Summary

Highland Global Allocation Fund, a Massachusetts-based entity, reported on February 2, 2024, that it beneficially owns 205,850 shares, or 5.1%, of Teucrium Corn Fund's fractional undivided beneficial interests. This stake, valued at approximately $1.3 million based on a recent share price of $6.30, gives Highland shared voting and dispositive power over these shares as of December 31, 2023. This matters to investors because it signals a significant institutional interest in the Teucrium Corn Fund, potentially indicating a bullish outlook on corn prices or a strategic allocation to commodities.

Why It Matters

A significant institutional investment like this can influence market perception and potentially increase demand for the Teucrium Corn Fund's shares.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by an institutional fund, which typically carries lower immediate risk than activist stakes.

Analyst Insight

A smart investor might view this institutional stake as a positive signal for the Teucrium Corn Fund, potentially prompting further research into the fund's performance and the outlook for corn commodities.

Key Numbers

• 205,850 — Shares Beneficially Owned (Represents Highland Global Allocation Fund's total stake in Teucrium Corn Fund.)
• 5.1% — Percent of Class (Indicates the proportion of Teucrium Corn Fund shares owned by Highland Global Allocation Fund.)
• 4,025,004 — Total Shares Outstanding (Used to calculate the percentage of class owned by Highland Global Allocation Fund.)
• December 31, 2023 — Date of Event (The date that triggered the filing requirement for this Schedule 13G.)
• February 2, 2024 — Filing Date (The date this SC 13G was filed with the SEC.)

Key Players & Entities

• Highland Global Allocation Fund (company) — reporting person and beneficial owner
• Teucrium Corn Fund (company) — issuer of the securities
• James D. Dondero (person) — group member
• Nexpoint Asset Management Fund, L.P. (company) — group member
• Teucrium Commodity Trust (company) — subject company

Forward-Looking Statements

• Highland Global Allocation Fund will maintain or increase its stake in Teucrium Corn Fund. (Highland Global Allocation Fund) — medium confidence, target: Q3 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