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HFRO

Highland Opportunities and Income Fund
HFRO

98 hedge funds and large institutions have $245M invested in Highland Opportunities and Income Fund in 2020 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 26 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 26

5% less capital invested

Capital invested by funds: $257M → $245M (-$12.4M)

4.52% less ownership

Funds ownership: 44.45% → 39.93% (-4.5%)

6% less funds holding

Funds holding: 104 → 98 (-6)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

35% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 17

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $140K

Holders
98
Holders Change
-6
Holders Change %
-5.77%
% of All Funds
1.98%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.12%
New
11
Increased
40
Reduced
26
Closed
17
Calls
–
Puts
$140K
Net Calls
-$140K
Net Calls Change
-$140K

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$11.3M
2
LCM
Landscape Capital Management
New Jersey
+$4.1M
3
Morgan Stanley
Morgan Stanley
New York
+$3.6M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.25M
5
Ameriprise
Ameriprise
Minnesota
+$669K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$17.9M
2
COLIM
City of London Investment Management
United Kingdom
-$6.27M
3
BlackRock
BlackRock
New York
-$6.25M
4
Citadel Advisors
Citadel Advisors
Florida
-$6.03M
5
MC
Matisse Capital
Oregon
-$2.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
51
First Allied Advisory Services
California
$333K +$127K +15,029 +63%
RJFSA
52
Raymond James Financial Services Advisors
Florida
$306K -$145K -17,205 -33%
IFG
53
Independent Financial Group
California
$285K – – –
AAM
54
Advisors Asset Management
Colorado
$262K +$2.38K +282 +0.9%
PWAP
55
Private Wealth Advisors (Pennsylvania)
Pennsylvania
$251K – – –
SI
56
Stephens Inc
Arkansas
$219K -$15.4K -1,832 -7%
KAS
57
Kestra Advisory Services
Texas
$213K +$209K +24,804 New
Janney Montgomery Scott
58
Janney Montgomery Scott
Pennsylvania
$179K +$30.7K +3,650 +21%
WC
59
Winmill & Co
New York
$166K – – –
CAN
60
Claraphi Advisory Network
United States
$145K -$12.4K -1,477 -8%
Stifel Financial
61
Stifel Financial
Missouri
$143K – – –
PAG
62
Private Advisor Group
New Jersey
$142K +$19K +2,253 +16%
AIP
63
Ahrens Investment Partners
Louisiana
$131K +$128K +15,200 New
WT
64
Washington Trust
Rhode Island
$130K +$128K +15,150 New
MA
65
Mutual Advisors
Nebraska
$125K -$396 -47 -0.3%
UBS Group
66
UBS Group
Switzerland
$124K +$40.8K +4,842 +51%
JWCA
67
J.W. Cole Advisors
Florida
$122K +$120K +14,258 New
Jane Street
68
Jane Street
New York
$103K +$101K +11,964 New
MML Investors Services
69
MML Investors Services
Massachusetts
$95K -$14K -1,660 -13%
GI
70
Gradient Investments
Minnesota
$94K – – –
CBFP
71
Cedar Brook Financial Partners
Ohio
$94K +$767 +91 +0.8%
QOP
72
Quinn Opportunity Partners
Virginia
$86K – – –
BFA
73
Beacon Financial Advisory
Ohio
$86K +$85.2K +10,115 New
US Bancorp
74
US Bancorp
Minnesota
$71K – – –
Deutsche Bank
75
Deutsche Bank
Germany
$57K +$10.9K +1,299 +24%
1 2
3
4 5

HFRO Hedge Fund Activity: Q3 2020 in Review

98 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q3 2020, worth a combined $245M — down 4.8% from $257M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of HFRO and 11 opened new positions — a net loss of 6 holders — while 26 trimmed existing stakes and 40 added.

The largest buyer was Invesco, adding an estimated $11.3M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.9M.

  • 98 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q3 2020, down from 104 in Q2 2020.
  • Funds reported $245M of Highland Opportunities and Income Fund stock for Q3 2020, down 4.8% quarter-over-quarter.
  • 11 funds opened new Highland Opportunities and Income Fund positions in Q3 2020 and 17 closed out, a net change of -6 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q3 2020 was Invesco, an estimated $11.3M added.
  • The largest Highland Opportunities and Income Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $17.9M sold.

Based on aggregated 13F filings for Q3 2020.