Morgan Stanley
HFRO

Morgan Stanley’s Highland Opportunities and Income Fund HFRO Stock Holding History

Morgan Stanley’s Portfolio HFRO Stock Details HFRO Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$14.5M Sell
2,544,393
-278,543
-10% -$1.7M ﹤0.01% 3241
2025
Q4 		$16.9M Sell
2,822,936
-364,695
-11% -$2.28M ﹤0.01% 3091
2025
Q3 		$20.2M Sell
3,187,631
-293,006
-8% -$1.72M ﹤0.01% 2886
2025
Q2 		$18.1M Sell
3,480,637
-31,057
-0.9% -$157K ﹤0.01% 2915
2025
Q1 		$18.3M Buy
3,511,694
+197,645
+6% +$1.09M ﹤0.01% 2781
2024
Q4 		$17.2M Sell
3,314,049
-406,167
-11% -$2.3M ﹤0.01% 2905
2024
Q3 		$22.8M Buy
3,720,216
+42,772
+1% +$260K ﹤0.01% 2676
2024
Q2 		$23M Sell
3,677,444
-52,650
-1% -$338K ﹤0.01% 2497
2024
Q1 		$26.2M Sell
3,730,094
-5,298,616
-59% -$35.8M ﹤0.01% 2401
2023
Q4 		$69.4M Buy
9,028,710
+4,608,866
+104% +$36.4M ﹤0.01% 2100
2023
Q3 		$35.5M Sell
4,419,844
-9,602
-0.2% -$80.4K ﹤0.01% 1889
2023
Q2 		$40M Sell
4,429,446
-32,041
-0.7% -$280K ﹤0.01% 1799
2023
Q1 		$39.2M Sell
4,461,487
-152,378
-3% -$1.51M ﹤0.01% 1770
2022
Q4 		$47.5M Buy
4,613,865
+80,794
+2% +$880K 0.01% 1545
2022
Q3 		$44.1M Buy
4,533,071
+103,200
+2% +$1.18M 0.01% 1417
2022
Q2 		$49.9M Buy
4,429,871
+102,447
+2% +$1.19M 0.01% 1359
2022
Q1 		$51.7M Sell
4,327,424
-54,005
-1% -$617K 0.01% 1285
2021
Q4 		$48.2M Buy
4,381,429
+95,591
+2% +$1.06M 0.01% 1361
2021
Q3 		$46.2M Buy
4,285,838
+52,016
+1% +$557K 0.01% 1348
2021
Q2 		$46.2M Sell
4,233,822
-180,934
-4% -$2.05M 0.01% 1369
2021
Q1 		$49M Buy
4,414,756
+150,432
+4% +$1.58M 0.01% 1193
2020
Q4 		$43.8M Sell
4,264,324
-456,898
-10% -$4.06M 0.01% 1185
2020
Q3 		$40.6M Buy
4,721,222
+427,430
+10% +$3.6M 0.01% 1018
2020
Q2 		$34.6M Buy
4,293,792
+591,934
+16% +$4.86M 0.01% 1059
2020
Q1 		$31.6M Sell
3,701,858
-220,893
-6% -$2.58M 0.01% 995
2019
Q4 		$48.8M Sell
3,922,751
-1,096,452
-22% -$13.2M 0.01% 946
2019
Q3 		$67M Buy
5,019,203
+223,719
+5% +$2.99M 0.02% 714
2019
Q2 		$66.4M Sell
4,795,484
-118,089
-2% -$1.59M 0.02% 717
2019
Q1 		$68.3M Buy
4,913,573
+106,452
+2% +$1.45M 0.02% 686
2018
Q4 		$61.5M Sell
4,807,121
-1,192,424
-20% -$17.5M 0.02% 726
2018
Q3 		$92.5M Sell
5,999,545
-278,207
-4% -$4.38M 0.02% 635
2018
Q2 		$98.1M Sell
6,277,752
-192,012
-3% -$3.05M 0.03% 584
2018
Q1 		$103M Sell
6,469,764
-1,058,010
-14% -$16.7M 0.03% 572
2017
Q4 		$117M Buy
+7,527,774
New +$116M 0.03% 532

Other funds holding HFRO

SCM
Saba Capital Management New York $3.62B AUM 13% 1-Year Est. Return
NAM
Nexpoint Asset Management Dallas, Texas $1.49B AUM 61.08% 1-Year Est. Return
Raymond James Financial
Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return
TJHA
Thomas J. Herzfeld Advisors Miami Beach, Florida $294M AUM 2.62% 1-Year Est. Return
Envestnet Asset Management
Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors Fairfield, Iowa $38.8B AUM 21.88% 1-Year Est. Return
GWM
Geneos Wealth Management Englewood, Colorado $4.31B AUM 18.36% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Morgan Stanley's HFRO Position: Q1 2026 in Review

Morgan Stanley reduced its Highland Opportunities and Income Fund (HFRO) stake by 9.9% in Q1 2026, selling an estimated $1.7M and leaving 2,544,393 shares worth $14.5M. The position accounts for ﹤0.01% of the portfolio, ranked #3241.

Morgan Stanley first reported a position in HFRO in Q4 2017 and has held it in 34 quarters since. The position peaked at $117M in Q4 2017. 95 funds tracked by Wall St. Rank hold HFRO as of Q1 2026.

  • Morgan Stanley held 2,544,393 shares of Highland Opportunities and Income Fund worth $14.5M as of Q1 2026.
  • Morgan Stanley sold 278,543 Highland Opportunities and Income Fund shares in Q1 2026, an estimated $1.7M.
  • Highland Opportunities and Income Fund made up ﹤0.01% of Morgan Stanley's portfolio in Q1 2026, its #3241 holding.
  • Morgan Stanley first reported a position in Highland Opportunities and Income Fund in Q4 2017 and has held it in 34 quarters since.
  • Morgan Stanley's Highland Opportunities and Income Fund position peaked at $117M in Q4 2017.
  • 95 funds tracked by Wall St. Rank held Highland Opportunities and Income Fund as of Q1 2026.

Based on Morgan Stanley's 13F filing for Q1 2026, filed 15 May 2026.