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HFRO

Highland Opportunities and Income Fund
HFRO

85 hedge funds and large institutions have $393M invested in Highland Opportunities and Income Fund in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 22 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

55% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 22

10% more funds holding

Funds holding: 77 → 85 (+8)

1.72% more ownership

Funds ownership: 43.47% → 45.19% (+1.7%)

1% more capital invested

Capital invested by funds: $388M → $393M (+$4.23M)

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

Holders
85
Holders Change
+8
Holders Change %
+10.39%
% of All Funds
1.86%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.24%
New
13
Increased
34
Reduced
22
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAIM
Punch & Associates Investment Management
Minnesota
+$4.5M
2
Morgan Stanley
Morgan Stanley
New York
+$2.99M
3
M
MRCap
New York
+$2.88M
4
UFM
Ursa Fund Management
California
+$2.48M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.02M

Top Sellers

Rank Fund Capital Flow
1
VAS
VR Advisory Services
Cayman Islands
-$2.6M
2
UCFA
United Capital Financial Advisors
Texas
-$1.89M
3
RCM
Rivernorth Capital Management
Florida
-$1.88M
4
AC
Almitas Capital
California
-$1.49M
5
CAN
Cetera Advisor Networks
California
-$640K
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
26
Almitas Capital
California
$3.16M -$1.49M -111,602 -32%
NRCM
27
Northern Right Capital Management
Connecticut
$3.08M +$443K +33,142 +17%
CAN
28
Cetera Advisor Networks
California
$2.88M -$640K -47,891 -18%
CL
29
CSS LLC
Illinois
$2.81M +$198K +14,793 +8%
PWPS
30
Pinnacle Wealth Planning Services
Ohio
$2.58M +$1.55M +116,100 +150%
CC
31
Centiva Capital
New York
$2.33M +$359K +26,891 +18%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$2.01M -$165K -12,322 -8%
SPC
33
Sigma Planning Corp
Michigan
$2M -$32K -2,398 -2%
JG
34
Jefferies Group
New York
$1.79M +$198K +14,785 +12%
SPIA
35
Steward Partners Investment Advisory
New York
$1.56M +$394K +29,525 +34%
OC
36
Oppenheimer & Co
New York
$1.55M -$51.5K -3,856 -3%
SS
37
Sunbelt Securities
Texas
$1.49M +$624K +46,683 +72%
CP
38
Camelot Portfolios
Ohio
$1.27M -$52.7K -3,942 -4%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$1.27M +$50.5K +3,782 +4%
CBFP
40
Cedar Brook Financial Partners
Ohio
$1.11M -$36.8K -2,751 -3%
MC
41
Matisse Capital
Oregon
$1.06M +$320K +23,951 +43%
BI
42
Bulldog Investors
New Jersey
$983K +$984K +73,656 New
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$910K -$86.8K -6,497 -9%
NAM
44
Nexpoint Asset Management
Texas
$868K +$868K +64,998 New
WAM
45
Weiss Asset Management
Massachusetts
$845K – – –
RJFSA
46
Raymond James Financial Services Advisors
Florida
$776K +$92.3K +6,908 +13%
CFA
47
Carroll Financial Associates
North Carolina
$624K +$103K +7,720 +20%
HIM
48
Hanlon Investment Management
New Jersey
$534K +$535K +40,024 New
PWAP
49
Private Wealth Advisors (Pennsylvania)
Pennsylvania
$391K – – –
FAAS
50
First Allied Advisory Services
California
$390K -$41.9K -3,136 -10%
1
2
3 4

HFRO Hedge Fund Activity: Q3 2019 in Review

85 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q3 2019, worth a combined $393M — up 1.1% from $388M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new HFRO positions and 4 closed out — a net gain of 9 holders — while 34 added to existing stakes and 22 trimmed.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $4.5M. The largest seller was VR Advisory Services, exiting entirely with an estimated $2.6M sold.

  • 85 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q3 2019, up from 77 in Q2 2019.
  • Funds reported $393M of Highland Opportunities and Income Fund stock for Q3 2019, up 1.1% quarter-over-quarter.
  • 13 funds opened new Highland Opportunities and Income Fund positions in Q3 2019 and 4 closed out, a net change of +9 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q3 2019 was Punch & Associates Investment Management, an estimated $4.5M added.
  • The largest Highland Opportunities and Income Fund seller in Q3 2019 was VR Advisory Services, an estimated $2.6M sold.

Based on aggregated 13F filings for Q3 2019.