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HFRO

Highland Opportunities and Income Fund
HFRO

99 hedge funds and large institutions have $264M invested in Highland Opportunities and Income Fund in 2020 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 32 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

8% more capital invested

Capital invested by funds: $245M → $264M (+$19.7M)

1% more funds holding

Funds holding: 98 → 99 (+1)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

6% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 34

4.14% less ownership

Funds ownership: 39.93% → 35.79% (-4.1%)

Holders
99
Holders Change
+1
Holders Change %
+1.02%
% of All Funds
1.75%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
21
Increased
32
Reduced
34
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BPCM
Beach Point Capital Management
California
+$17.6M
2
Millennium Management
Millennium Management
New York
+$4.29M
3
LPL Financial
LPL Financial
California
+$3.11M
4
MC
Matisse Capital
Oregon
+$2.88M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
DKCM
Davidson Kempner Capital Management
New York
-$15.1M
2
RJA
Raymond James & Associates
Florida
-$10.4M
3
RCM
Rivernorth Capital Management
Florida
-$9.43M
4
PAIM
Punch & Associates Investment Management
Minnesota
-$8.04M
5
Morgan Stanley
Morgan Stanley
New York
-$4.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
51
Jane Street
New York
$302K +$155K +17,414 +146%
PWAP
52
Private Wealth Advisors (Pennsylvania)
Pennsylvania
$301K – – –
AAM
53
Advisors Asset Management
Colorado
$288K -$21.8K -2,455 -8%
APWA
54
Atlas Private Wealth Advisors
New Jersey
$264K -$120K -13,487 -34%
SI
55
Stephens Inc
Arkansas
$251K -$8.86K -997 -4%
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$238K +$206K +23,200 New
Janney Montgomery Scott
57
Janney Montgomery Scott
Pennsylvania
$217K +$2.25K +253 +1%
AAS
58
Avantax Advisory Services
Texas
$206K +$178K +20,000 New
WC
59
Winmill & Co
New York
$199K – – –
Stifel Financial
60
Stifel Financial
Missouri
$181K +$9.26K +1,042 +6%
CWS
61
Cypress Wealth Services
California
$171K +$148K +16,624 New
PAG
62
Private Advisor Group
New Jersey
$168K -$1.98K -223 -1%
RJFSA
63
Raymond James Financial Services Advisors
Florida
$125K -$209K -23,511 -66%
BFA
64
Beacon Financial Advisory
Ohio
$121K +$14.8K +1,669 +17%
ASN
65
Advisory Services Network
Georgia
$120K -$375K -42,230 -78%
UBS Group
66
UBS Group
Switzerland
$117K -$27K -3,034 -21%
MML Investors Services
67
MML Investors Services
Massachusetts
$109K -$4.35K -489 -4%
TSS
68
Two Sigma Securities
New York
$106K +$91.6K +10,302 New
QOP
69
Quinn Opportunity Partners
Virginia
$103K – – –
GI
70
Gradient Investments
Minnesota
$94K – – –
US Bancorp
71
US Bancorp
Minnesota
$86K – – –
PS
72
Planned Solutions
California
$82K +$71.1K +8,000 New
Rockefeller Capital Management
73
Rockefeller Capital Management
New York
$79K +$28.5K +3,201 +70%
FIA
74
FNY Investment Advisers
New York
$59K +$51.5K +5,792 New
SIAG
75
Safeguard Investment Advisory Group
California
$57K +$49.4K +5,552 New
1 2
3
4 5

HFRO Hedge Fund Activity: Q4 2020 in Review

99 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q4 2020, worth a combined $264M — up 8.1% from $245M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new HFRO positions and 18 closed out — a net gain of 3 holders — while 32 added to existing stakes and 34 trimmed.

The largest buyer was Beach Point Capital Management, adding an estimated $17.6M. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $15.1M sold.

  • 99 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q4 2020, up from 98 in Q3 2020.
  • Funds reported $264M of Highland Opportunities and Income Fund stock for Q4 2020, up 8.1% quarter-over-quarter.
  • 21 funds opened new Highland Opportunities and Income Fund positions in Q4 2020 and 18 closed out, a net change of +3 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q4 2020 was Beach Point Capital Management, an estimated $17.6M added.
  • The largest Highland Opportunities and Income Fund seller in Q4 2020 was Davidson Kempner Capital Management, an estimated $15.1M sold.

Based on aggregated 13F filings for Q4 2020.