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HFRO

Highland Opportunities and Income Fund
HFRO

112 hedge funds and large institutions have $280M invested in Highland Opportunities and Income Fund in 2020 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

8% more funds holding

Funds holding: 104 → 112 (+8)

0.59% more ownership

Funds ownership: 45.14% → 45.73% (+0.59%)

16% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 37

30% less capital invested

Capital invested by funds: $403M → $280M (-$123M)

Holders
112
Holders Change
+8
Holders Change %
+7.69%
% of All Funds
2.47%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.18%
New
25
Increased
31
Reduced
37
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
+$12.3M
2
AWA
Arete Wealth Advisors
Illinois
+$7.14M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$6.64M
4
OCM
Oaktree Capital Management
California
+$5.48M
5
AC
Aristides Capital
Kentucky
+$4.41M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$12.2M
2
BCIM
Burford Capital Investment Management
Illinois
-$9.45M
3
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$4M
4
Millennium Management
Millennium Management
New York
-$3.05M
5
Morgan Stanley
Morgan Stanley
New York
-$2.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
KWM
51
Kingsview Wealth Management
Oregon
$363K +$132K +11,323 +36%
Invesco
52
Invesco
Georgia
$346K -$12.2M -1,049,607 -96%
MIG
53
Mariner Investment Group
New York
$341K – – –
RJFSA
54
Raymond James Financial Services Advisors
Florida
$329K -$59.5K -5,104 -12%
SS
55
Simplicity Solutions
Minnesota
$309K +$422K +36,195 New
IFG
56
Independent Financial Group
California
$283K +$387K +33,195 New
ASN
57
Advisory Services Network
Georgia
$276K +$128K +11,009 +52%
Qube Research & Technologies (QRT)
58
Qube Research & Technologies (QRT)
United Kingdom
$256K -$877K -75,149 -71%
CWS
59
Cypress Wealth Services
California
$239K +$5.37K +460 +2%
KPWG
60
KFA Private Wealth Group
Virginia
$232K +$2.02K +173 +0.6%
PWAP
61
Private Wealth Advisors (Pennsylvania)
Pennsylvania
$215K – – –
JWM
62
JGP Wealth Management
Oregon
$213K +$272K +23,312 New
SI
63
Stephens Inc
Arkansas
$210K -$21.3K -1,829 -7%
YCM
64
Yakira Capital Management
Connecticut
$206K -$171K -14,700 -38%
FAAS
65
First Allied Advisory Services
California
$203K -$40.9K -3,503 -13%
FWCM
66
Ferguson Wellman Capital Management
Oregon
$189K +$259K +22,177 New
WC
67
Winmill & Co
New York
$165K – – –
CAN
68
Claraphi Advisory Network
United States
$157K +$214K +18,353 New
Koshinski Asset Management
69
Koshinski Asset Management
Illinois
$154K +$211K +18,090 New
TW
70
Transform Wealth
Colorado
$144K -$18.6K -1,592 -9%
PAG
71
Private Advisor Group
New Jersey
$140K +$642 +55 +0.3%
Stifel Financial
72
Stifel Financial
Missouri
$139K +$51.3K +4,395 +38%
MA
73
Mutual Advisors
Nebraska
$119K -$9.33K -800 -5%
NAM
74
Nexpoint Asset Management
Texas
$115K -$601K -51,497 -79%
IA
75
Icon Advisers
Colorado
$109K +$149K +12,800 New
1 2
3
4 5

HFRO Hedge Fund Activity: Q1 2020 in Review

112 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q1 2020, worth a combined $280M — down 30% from $403M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new HFRO positions and 14 closed out — a net gain of 11 holders — while 31 added to existing stakes and 37 trimmed.

The largest buyer was Matisse Capital, adding an estimated $12.3M. The largest seller was Invesco, cutting an estimated $12.2M.

  • 112 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q1 2020, up from 104 in Q4 2019.
  • Funds reported $280M of Highland Opportunities and Income Fund stock for Q1 2020, down 30% quarter-over-quarter.
  • 25 funds opened new Highland Opportunities and Income Fund positions in Q1 2020 and 14 closed out, a net change of +11 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q1 2020 was Matisse Capital, an estimated $12.3M added.
  • The largest Highland Opportunities and Income Fund seller in Q1 2020 was Invesco, an estimated $12.2M sold.

Based on aggregated 13F filings for Q1 2020.