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HFRO

Highland Opportunities and Income Fund
HFRO

104 hedge funds and large institutions have $257M invested in Highland Opportunities and Income Fund in 2020 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 48 increasing their positions, 21 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 21

1.28% less ownership

Funds ownership: 45.73% → 44.45% (-1.3%)

7% less funds holding

Funds holding: 112 → 104 (-8)

8% less capital invested

Capital invested by funds: $280M → $257M (-$23.4M)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

Holders
104
Holders Change
-8
Holders Change %
-7.14%
% of All Funds
2.13%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.14%
New
11
Increased
48
Reduced
21
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$6.14M
2
Morgan Stanley
Morgan Stanley
New York
+$4.86M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.41M
4
AC
Almitas Capital
California
+$2.58M
5
RCM
Rivernorth Capital Management
Florida
+$2.37M

Top Sellers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
-$19.5M
2
BlackRock
BlackRock
New York
-$7.79M
3
PP
Paloma Partners
Connecticut
-$4.2M
4
ECP
Empyrean Capital Partners
California
-$3.42M
5
COLIM
City of London Investment Management
United Kingdom
-$3.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
51
Advisory Services Network
Georgia
$425K +$168K +20,454 +63%
CAN
52
Cetera Advisor Networks
California
$420K +$32.6K +3,976 +8%
SS
53
Sunbelt Securities
Texas
$389K -$114K -13,947 -22%
MSL
54
Mackay Shields LLC
New York
$376K +$383K +46,685 New
IFG
55
Independent Financial Group
California
$267K – – –
AO
56
Advisor OS
Illinois
$253K +$258K +31,474 New
AAM
57
Advisors Asset Management
Colorado
$243K +$248K +30,236 New
PWAP
58
Private Wealth Advisors (Pennsylvania)
Pennsylvania
$236K – – –
SI
59
Stephens Inc
Arkansas
$220K +$22.1K +2,697 +11%
FAAS
60
First Allied Advisory Services
California
$191K -$230 -28 -0.1%
Invesco
61
Invesco
Georgia
$159K -$170K -20,719 -51%
WC
62
Winmill & Co
New York
$156K – – –
Millennium Management
63
Millennium Management
New York
$153K +$156K +19,054 New
CAN
64
Claraphi Advisory Network
United States
$148K – – –
Koshinski Asset Management
65
Koshinski Asset Management
Illinois
$146K +$189 +23 +0.1%
Janney Montgomery Scott
66
Janney Montgomery Scott
Pennsylvania
$139K +$52.4K +6,390 +59%
Stifel Financial
67
Stifel Financial
Missouri
$134K +$4.92K +600 +4%
CWS
68
Cypress Wealth Services
California
$128K -$99.2K -12,096 -43%
MA
69
Mutual Advisors
Nebraska
$117K +$5.46K +666 +5%
PAG
70
Private Advisor Group
New Jersey
$115K -$17.5K -2,137 -13%
JWM
71
JGP Wealth Management
Oregon
$105K -$79K -9,631 -41%
MML Investors Services
72
MML Investors Services
Massachusetts
$102K +$104K +12,722 New
GI
73
Gradient Investments
Minnesota
$89K – – –
CBFP
74
Cedar Brook Financial Partners
Ohio
$87K +$2.49K +304 +3%
WAM
75
Wolverine Asset Management
Illinois
$83K -$395K -48,124 -82%
1 2
3
4 5

HFRO Hedge Fund Activity: Q2 2020 in Review

104 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q2 2020, worth a combined $257M — down 8.4% from $280M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of HFRO and 11 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 48 added.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $6.14M. The largest seller was United Capital Financial Advisors, exiting entirely with an estimated $19.5M sold.

  • 104 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q2 2020, down from 112 in Q1 2020.
  • Funds reported $257M of Highland Opportunities and Income Fund stock for Q2 2020, down 8.4% quarter-over-quarter.
  • 11 funds opened new Highland Opportunities and Income Fund positions in Q2 2020 and 19 closed out, a net change of -8 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q2 2020 was Citadel Advisors, an estimated $6.14M added.
  • The largest Highland Opportunities and Income Fund seller in Q2 2020 was United Capital Financial Advisors, an estimated $19.5M sold.

Based on aggregated 13F filings for Q2 2020.