Highland Opportunities and Income Fund
HFRO
70 hedge funds and large institutions have $401M invested in Highland Opportunities and Income Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
4% more funds holding
Funds holding: 67 → 70 (+3)
5% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 21
0.16% less ownership
Funds ownership: 36.33% → 36.17% (-0.16%)
2% less capital invested
Capital invested by funds: $408M → $401M (-$7.05M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$3.63M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.61M |
| 3 |
UFM
Ursa Fund Management
Danville,
California
|
+$821K |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$735K |
| 5 |
JG
Jefferies Group
New York
|
+$659K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.38M |
| 2 |
BCIM
Burford Capital Investment Management
Chicago,
Illinois
|
-$3.55M |
| 3 |
FA
FDx Advisors
Chicago,
Illinois
|
-$1.72M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$990K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$973K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFN
76
Cordasco Financial Network
Naples,
Florida
| – | -$35K | -2,234 | Closed |
|
77
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$20K | -1,301 | Closed |
|
78
Fidelity Investments
Boston,
Massachusetts
| – | +$16 | +1 | New |
|
HFRO Hedge Fund Activity: Q3 2018 in Review
70 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q3 2018, worth a combined $401M — down 1.7% from $408M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new HFRO positions and 6 closed out — a net gain of 3 holders — while 22 added to existing stakes and 21 trimmed.
The largest buyer was United Capital Financial Advisors, adding an estimated $3.63M. The largest seller was Morgan Stanley, cutting an estimated $4.38M.
- 70 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q3 2018, up from 67 in Q2 2018.
- Funds reported $401M of Highland Opportunities and Income Fund stock for Q3 2018, down 1.7% quarter-over-quarter.
- 9 funds opened new Highland Opportunities and Income Fund positions in Q3 2018 and 6 closed out, a net change of +3 holders.
- The largest Highland Opportunities and Income Fund buyer in Q3 2018 was United Capital Financial Advisors, an estimated $3.63M added.
- The largest Highland Opportunities and Income Fund seller in Q3 2018 was Morgan Stanley, an estimated $4.38M sold.
Based on aggregated 13F filings for Q3 2018.