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HFRO

Highland Opportunities and Income Fund
HFRO

95 hedge funds and large institutions have $282M invested in Highland Opportunities and Income Fund in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 38 increasing their positions, 29 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 29

7% more capital invested

Capital invested by funds: $264M → $282M (+$18.1M)

0.38% less ownership

Funds ownership: 35.79% → 35.42% (-0.38%)

4% less funds holding

Funds holding: 99 → 95 (-4)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
95
Holders Change
-4
Holders Change %
-4.04%
% of All Funds
1.67%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.09%
New
14
Increased
38
Reduced
29
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$13.7M
2
IWM
IHT Wealth Management
Illinois
+$4.89M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$2.01M
4
Morgan Stanley
Morgan Stanley
New York
+$1.58M
5
Barclays
Barclays
United Kingdom
+$1.35M

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$7.3M
2
RJA
Raymond James & Associates
Florida
-$6.71M
3
Millennium Management
Millennium Management
New York
-$4.96M
4
OCM
Oaktree Capital Management
California
-$4.11M
5
BPCM
Beach Point Capital Management
California
-$2.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
APA
76
American Portfolios Advisors
New York
$27.1K +$7.25K +689 +39%
CFD
77
Creative Financial Designs
Indiana
$26K – – –
WAP
78
Wealthcare Advisory Partners
Pennsylvania
$22K +$21K +2,000 New
Citigroup
79
Citigroup
New York
$19K -$6.13K -583 -26%
CAM
80
Costello Asset Management
Pennsylvania
$19K – – –
AWA
81
Arkadios Wealth Advisors
Georgia
$17K +$6.76K +643 +71%
CFGS
82
Concourse Financial Group Securities
Alabama
$13K +$768 +73 +7%
Deutsche Bank
83
Deutsche Bank
Germany
$13K +$11.9K +1,128 New
TWM
84
Tradition Wealth Management
Minnesota
$11K +$684 +65 +7%
SWM
85
Spire Wealth Management
Virginia
$8K +$7.97K +758 New
TCM
86
Tradewinds Capital Management
Washington
$6K – – –
JFA
87
JNBA Financial Advisors
Minnesota
$6K +$116 +11 +2%
SIS
88
Sound Income Strategies
Florida
$4.24K – – –
PAM
89
Panagora Asset Management
Massachusetts
$4K +$410 +39 +12%
AA
90
AlphaMark Advisors
Kentucky
$4K +$3.16K +300 +300%
CMA
91
Cedar Mountain Advisors
Oregon
$1K – – –
SFS
92
Sowell Financial Services
Arkansas
$1K – – –
FI
93
FormulaFolio Investments
Michigan
$1K +$800 +76 New
Millennium Management
94
Millennium Management
New York
– -$4.96M -482,663 Closed
OCM
95
Oaktree Capital Management
California
– -$4.11M -400,000 Closed
OMC
96
Old Mission Capital
Illinois
– -$552K -53,700 Closed
SS
97
Sunbelt Securities
Texas
– -$370K -35,975 Closed
Jane Street
98
Jane Street
New York
– -$302K -29,378 Closed
ASN
99
Advisory Services Network
Georgia
– -$120K -11,704 Closed
GI
100
Gradient Investments
Minnesota
– -$94K -10,998 Closed
1 2 3
4
5

HFRO Hedge Fund Activity: Q1 2021 in Review

95 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q1 2021, worth a combined $282M — up 6.9% from $264M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of HFRO and 14 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 38 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $13.7M. The largest seller was Landscape Capital Management, cutting an estimated $7.3M.

  • 95 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q1 2021, down from 99 in Q4 2020.
  • Funds reported $282M of Highland Opportunities and Income Fund stock for Q1 2021, up 6.9% quarter-over-quarter.
  • 14 funds opened new Highland Opportunities and Income Fund positions in Q1 2021 and 16 closed out, a net change of -2 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $13.7M added.
  • The largest Highland Opportunities and Income Fund seller in Q1 2021 was Landscape Capital Management, an estimated $7.3M sold.

Based on aggregated 13F filings for Q1 2021.