Highland Global Allocation FundHGLB
Market Cap: 176M
About: Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
8% more capital invested
Capital invested by funds: $41.1M [Q4 2023] → $44.3M (+$3.25M) [Q1 2024]
2.48% more ownership
Funds ownership: 23.16% [Q4 2023] → 25.64% (+2.48%) [Q1 2024]
5% less funds holding
Funds holding: 39 [Q4 2023] → 37 (-2) [Q1 2024]
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Research analyst outlook
We haven’t received any recent analyst ratings for HGLB.