In a 13G filling on Capstead Mortgage (NYSE: CMO), Highland Capital Management disclosed a 5.3% stake (2,828,409 shares). The firm held 2100954 shares at the quarter ended 3/31/08. A 13G indicates a passive investment.
Capstead Mortgage Corporation operates as a real estate investment trust. The company, together with its subsidiaries, invests in real estate-related assets on a leveraged basis that primarily consisting of residential adjustable-rate mortgage securities issued and guaranteed by government-sponsored entities.