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HFRO

Highland Opportunities and Income Fund
HFRO

103 hedge funds and large institutions have $233M invested in Highland Opportunities and Income Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 42 increasing their positions, 27 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 27

17% more capital invested

Capital invested by funds: $199M → $233M (+$34.5M)

8.24% more ownership

Funds ownership: 36.31% → 44.55% (+8.2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

2% less funds holding

Funds holding: 105 → 103 (-2)

Holders
103
Holders Change
-2
Holders Change %
-1.9%
% of All Funds
1.5%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
13
Increased
42
Reduced
27
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$36.4M
2
RJA
Raymond James & Associates
Florida
+$4.67M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$3.42M
4
ARC
Advisor Resource Council
Texas
+$1.75M
5
CP
Camelot Portfolios
Ohio
+$1.33M

Top Sellers

Rank Fund Capital Flow
1
AW
Atlas Wealth
Ohio
-$7.07M
2
Osaic Holdings
Osaic Holdings
Arizona
-$1.06M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$535K
4
ACM
Arlington Capital Management
Illinois
-$412K
5
LPL Financial
LPL Financial
California
-$357K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWA
51
B. Riley Wealth Advisors
Florida
$255K – – –
RJT
52
Raymond James Trust
Florida
$251K – – –
SI
53
Stephens Inc
Arkansas
$247K – – –
MWM
54
Melfa Wealth Management
Massachusetts
$245K +$616 +78 +0.2%
Cetera Investment Advisers
55
Cetera Investment Advisers
Illinois
$242K -$46.5K -5,891 -16%
AAS
56
Avantax Advisory Services
Texas
$241K +$1.37K +173 +0.6%
UBS Group
57
UBS Group
Switzerland
$225K -$2.68K -339 -1%
CAPTRUST Financial Advisors
58
CAPTRUST Financial Advisors
North Carolina
$221K -$46.2K -5,852 -17%
KAS
59
Kestra Advisory Services
Texas
$213K +$20.4K +2,579 +10%
MA
60
MONECO Advisors
Connecticut
$211K -$138K -17,420 -39%
SPIA
61
Steward Partners Investment Advisory
New York
$211K +$19.7K +2,488 +10%
SC
62
Scotia Capital
Ontario, Canada
$206K -$75.3K -9,526 -26%
PAG
63
Private Advisor Group
New Jersey
$194K +$35K +4,424 +21%
Jane Street
64
Jane Street
New York
$194K -$29.5K -3,732 -13%
ICMP
65
Integrated Capital Management (Pennsylvania)
Pennsylvania
$171K +$3.92K +496 +2%
CL
66
CSS LLC
Illinois
$170K – – –
CCG
67
Catalina Capital Group
California
$143K +$147K +18,552 New
KWS
68
Keystone Wealth Services
California
$136K +$4.02K +509 +3%
CAS
69
CTC Alternative Strategies
Illinois
$136K +$139K +17,624 New
CW
70
Channel Wealth
California
$135K +$7.9K +1,000 +6%
OCPWS
71
One Charles Private Wealth Services
Massachusetts
$133K – – –
CAM
72
Cresset Asset Management
Illinois
$131K – – –
MML Investors Services
73
MML Investors Services
Massachusetts
$122K -$514 -65 -0.4%
BFA
74
Beacon Financial Advisory
Ohio
$119K +$3.24K +410 +3%
Verition Fund Management
75
Verition Fund Management
Connecticut
$115K – – –
1 2
3
4 5

HFRO Hedge Fund Activity: Q4 2023 in Review

103 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q4 2023, worth a combined $233M — up 17% from $199M a quarter earlier.

Fund positioning in HFRO was balanced in Q4 2023: 13 funds opened new positions, 13 closed out, 42 added to existing stakes and 27 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $36.4M. The largest seller was Atlas Wealth, exiting entirely with an estimated $7.07M sold.

  • 103 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q4 2023, down from 105 in Q3 2023.
  • Funds reported $233M of Highland Opportunities and Income Fund stock for Q4 2023, up 17% quarter-over-quarter.
  • 13 funds opened new Highland Opportunities and Income Fund positions in Q4 2023 and 13 closed out, a net change of 0 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $36.4M added.
  • The largest Highland Opportunities and Income Fund seller in Q4 2023 was Atlas Wealth, an estimated $7.07M sold.

Based on aggregated 13F filings for Q4 2023.