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HFRO

Highland Opportunities and Income Fund
HFRO

70 hedge funds and large institutions have $401M invested in Highland Opportunities and Income Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

4% more funds holding

Funds holding: 67 → 70 (+3)

5% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 21

0.16% less ownership

Funds ownership: 36.33% → 36.17% (-0.16%)

2% less capital invested

Capital invested by funds: $408M → $401M (-$7.05M)

Holders
70
Holders Change
+3
Holders Change %
+4.48%
% of All Funds
1.6%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.16%
New
9
Increased
22
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
+$3.63M
2
RCM
Rivernorth Capital Management
Florida
+$2.61M
3
UFM
Ursa Fund Management
California
+$821K
4
BFM
Boothbay Fund Management
New York
+$735K
5
JG
Jefferies Group
New York
+$659K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.38M
2
BCIM
Burford Capital Investment Management
Illinois
-$3.55M
3
FA
FDx Advisors
Illinois
-$1.72M
4
Wells Fargo
Wells Fargo
California
-$990K
5
ICM
Ionic Capital Management
New York
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
51
Thomas J. Herzfeld Advisors
Florida
$143K – – –
RFC
52
Regions Financial Corp
Alabama
$121K – – –
PCM
53
Penserra Capital Management
California
$107K -$36.6K -2,327 -25%
WSTAM
54
Wilbanks Smith & Thomas Asset Management
Virginia
$107K +$109K +6,919 New
MYIA
55
Mount Yale Investment Advisors
Colorado
$93K – – –
Bank of America
56
Bank of America
North Carolina
$80K – – –
PNC Financial Services Group
57
PNC Financial Services Group
Pennsylvania
$72K – – –
Citigroup
58
Citigroup
New York
$66K +$22.3K +1,415 +50%
AF
59
Allworth Financial
California
$47K – – –
Northwestern Mutual Wealth Management
60
Northwestern Mutual Wealth Management
Wisconsin
$29K -$1.15K -73 -4%
MSA
61
Marino Stram & Associates
Massachusetts
$23K +$110 +7 +0.5%
SWP
62
Stratos Wealth Partners
Ohio
$15K +$15.6K +990 New
HI
63
Hudock Inc
Pennsylvania
$11K – – –
NFG
64
Next Financial Group
Texas
$9K +$9.1K +578 New
SIS
65
Sound Income Strategies
Florida
$6K – – –
FHA
66
Flagship Harbor Advisors
Massachusetts
$6K +$6.51K +414 New
LA
67
Legacy Advisors
Pennsylvania
$4K +$47 +3 +1%
TCM
68
Tradewinds Capital Management
Washington
$3K – – –
MCM
69
Mainstay Capital Management
Michigan
$2K – – –
CFD
70
Creative Financial Designs
Indiana
$1K – – –
CF
71
Centaurus Financial
California
$314 -$104K -6,634 -100%
Citadel Advisors
72
Citadel Advisors
Florida
– -$301K -19,262 Closed
SEI Investments
73
SEI Investments
Pennsylvania
– -$288K -18,440 Closed
Susquehanna International Group
74
Susquehanna International Group
Pennsylvania
– -$159K -10,162 Closed
FANJ
75
Financial Architects (New Jersey)
New Jersey
– -$72K -4,628 Closed
1 2
3
4

HFRO Hedge Fund Activity: Q3 2018 in Review

70 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q3 2018, worth a combined $401M — down 1.7% from $408M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new HFRO positions and 6 closed out — a net gain of 3 holders — while 22 added to existing stakes and 21 trimmed.

The largest buyer was United Capital Financial Advisors, adding an estimated $3.63M. The largest seller was Morgan Stanley, cutting an estimated $4.38M.

  • 70 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q3 2018, up from 67 in Q2 2018.
  • Funds reported $401M of Highland Opportunities and Income Fund stock for Q3 2018, down 1.7% quarter-over-quarter.
  • 9 funds opened new Highland Opportunities and Income Fund positions in Q3 2018 and 6 closed out, a net change of +3 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q3 2018 was United Capital Financial Advisors, an estimated $3.63M added.
  • The largest Highland Opportunities and Income Fund seller in Q3 2018 was Morgan Stanley, an estimated $4.38M sold.

Based on aggregated 13F filings for Q3 2018.