Arlington Capital Management’s Highland Opportunities and Income Fund HFRO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$881K	Buy	154,306 +3,101	+2%	+$18.9K	0.5%	36
2025 Q4	$904K	Sell	151,205 -7,233	-5%	-$45.3K	0.56%	37
2025 Q3	$1.01M	Sell	158,438 -16,609	-9%	-$97.4K	0.64%	37
2025 Q2	$910K	Buy	175,047 +85,373	+95%	+$432K	0.79%	32
2025 Q1	$466K	Sell	89,674 -6,568	-7%	-$36.3K	0.35%	38
2024 Q4	$499K	Buy	96,242 +13,188	+16%	+$74.7K	0.35%	51
2024 Q3	$509K	Buy	83,054 +14,257	+21%	+$86.8K	0.42%	49
2024 Q2	$430K	Sell	68,797 -1,928	-3%	-$12.4K	0.37%	56
2024 Q1	$497K	Buy	+70,725	New	+$478K	0.41%	55
2023 Q4	–	Sell	-51,261	Closed	-$412K	–	126
2023 Q3	$412K	Buy	51,261 +558	+1%	+$4.67K	0.43%	41
2023 Q2	$458K	Buy	+50,703	New	+$443K	0.4%	46
2023 Q1	–	Sell	-41,231	Closed	-$425K	–	92
2022 Q4	$425K	Buy	+41,231	New	+$449K	0.47%	46
2022 Q2	–	Sell	-21,112	Closed	-$252K	–	9
2022 Q1	$252K	Sell	21,112 -998	-5%	-$11.4K	1.02%	32
2021 Q4	$243K	Buy	22,110 +166	+0.8%	+$1.85K	0.44%	63
2021 Q3	$236K	Buy	+21,944	New	+$235K	0.44%	46