TJHA
HFRO

Thomas J. Herzfeld Advisors’s Highland Opportunities and Income Fund HFRO Stock Holding History

Thomas J. Herzfeld Advisors’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 		$15.5M Buy
2,715,661
+258,376
+11% +$1.57M 5.27% 4
2025
Q4 		$14.7M Sell
2,457,285
-339,054
-12% -$2.12M 4.97% 3
2025
Q3 		$17.8M Buy
2,796,339
+196,230
+8% +$1.15M 6.09% 2
2025
Q2 		$13.5M Sell
2,600,109
-77,194
-3% -$390K 4.82% 5
2025
Q1 		$13.9M Sell
2,677,303
-83,475
-3% -$461K 4.74% 5
2024
Q4 		$14.3M Sell
2,760,778
-258,677
-9% -$1.47M 4.59% 3
2024
Q3 		$18.5M Sell
3,019,455
-250,736
-8% -$1.53M 6.16% 3
2024
Q2 		$20.4M Buy
3,270,191
+134,393
+4% +$862K 7.17% 3
2024
Q1 		$22M Buy
3,135,798
+111,706
+4% +$754K 7.79% 3
2023
Q4 		$23.3M Buy
3,024,092
+152,421
+5% +$1.2M 8.54% 2
2023
Q3 		$23.1M Sell
2,871,671
-50,336
-2% -$421K 8.92% 2
2023
Q2 		$26.4M Sell
2,922,007
-14,563
-0.5% -$127K 10.51% 1
2023
Q1 		$25.8M Buy
2,936,570
+475,588
+19% +$4.73M 10.44% 1
2022
Q4 		$25.3M Buy
2,460,982
+65,872
+3% +$718K 10.39% 1
2022
Q3 		$23.3M Sell
2,395,110
-92,392
-4% -$1.06M 9.93% 2
2022
Q2 		$28M Sell
2,487,502
-451,828
-15% -$5.25M 11.6% 1
2022
Q1 		$35.1M Buy
2,939,330
+214,202
+8% +$2.45M 13.15% 1
2021
Q4 		$29.9M Buy
2,725,128
+189,209
+7% +$2.11M 10.87% 1
2021
Q3 		$27.3M Buy
2,535,919
+33,564
+1% +$359K 12.06% 1
2021
Q2 		$27.3M Buy
2,502,355
+297,330
+13% +$3.36M 11.39% 1
2021
Q1 		$24.5M Buy
2,205,025
+72,198
+3% +$760K 11.09% 1
2020
Q4 		$21.9M Sell
2,132,827
-17,717
-0.8% -$157K 10.23% 1
2020
Q3 		$16.9M Sell
2,150,544
-165,014
-7% -$1.39M 11.34% 1
2020
Q2 		$18.8M Buy
2,315,558
+415,524
+22% +$3.41M 9.19% 1
2020
Q1 		$16.2M Buy
1,900,034
+569,656
+43% +$6.64M 8.65% 1
2019
Q4 		$16.5M Buy
1,330,378
+237,569
+22% +$2.86M 5.91% 2
2019
Q3 		$14.6M Buy
1,092,809
+151,219
+16% +$2.02M 5.38% 2
2019
Q2 		$13M Buy
941,590
+44,809
+5% +$605K 4.96% 2
2019
Q1 		$12.5M Buy
896,781
+67,602
+8% +$924K 4.57% 2
2018
Q4 		$10.6M Buy
829,179
+819,920
+8,855% +$12.1M 4.23% 4
2018
Q3 		$143K Hold
9,259
– – 0.05% 121
2018
Q2 		$145K Hold
9,259
– – 0.05% 129
2018
Q1 		$148K Buy
+9,259
New +$146K 0.06% 130

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
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 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

Thomas J. Herzfeld Advisors's HFRO Position: Q1 2026 in Review

Thomas J. Herzfeld Advisors increased its Highland Opportunities and Income Fund (HFRO) stake by 11% in Q1 2026, buying an estimated $1.57M and bringing the position to 2,715,661 shares worth $15.5M. The position accounts for 5.27% of the portfolio, ranked #4.

Thomas J. Herzfeld Advisors first reported a position in HFRO in Q1 2018 and has held it in 33 quarters since. The position peaked at $35.1M in Q1 2022. 95 funds tracked by Wall St. Rank hold HFRO as of Q1 2026.

  • Thomas J. Herzfeld Advisors held 2,715,661 shares of Highland Opportunities and Income Fund worth $15.5M as of Q1 2026.
  • Thomas J. Herzfeld Advisors bought 258,376 Highland Opportunities and Income Fund shares in Q1 2026, an estimated $1.57M.
  • Highland Opportunities and Income Fund made up 5.27% of Thomas J. Herzfeld Advisors's portfolio in Q1 2026, its #4 holding.
  • Thomas J. Herzfeld Advisors first reported a position in Highland Opportunities and Income Fund in Q1 2018 and has held it in 33 quarters since.
  • Thomas J. Herzfeld Advisors's Highland Opportunities and Income Fund position peaked at $35.1M in Q1 2022.
  • 95 funds tracked by Wall St. Rank held Highland Opportunities and Income Fund as of Q1 2026.

Based on Thomas J. Herzfeld Advisors's 13F filing for Q1 2026, filed 12 May 2026.