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HFRO

Highland Opportunities and Income Fund
HFRO

104 hedge funds and large institutions have $403M invested in Highland Opportunities and Income Fund in 2019 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 30 increasing their positions, 27 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 10

22% more funds holding

Funds holding: 85 → 104 (+19)

11% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 27

3% more capital invested

Capital invested by funds: $393M → $403M (+$10.7M)

0.05% less ownership

Funds ownership: 45.19% → 45.14% (-0.05%)

36% less funds holding in top 10

Funds holding in top 10: 11 → 7 (-4)

Holders
104
Holders Change
+19
Holders Change %
+22.35%
% of All Funds
2.05%
Holding in Top 10
7
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-36.36%
% of All Funds
0.14%
New
30
Increased
30
Reduced
27
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DKCM
Davidson Kempner Capital Management
New York
+$25.3M
2
PAIM
Punch & Associates Investment Management
Minnesota
+$6.91M
3
PP
Paloma Partners
Connecticut
+$6.28M
4
COLIM
City of London Investment Management
United Kingdom
+$6.11M
5
BPCM
Beach Point Capital Management
California
+$5.51M

Top Sellers

Rank Fund Capital Flow
1
UFM
Ursa Fund Management
California
-$20.7M
2
BHMP
Bardin Hill Management Partners
New York
-$18.2M
3
Morgan Stanley
Morgan Stanley
New York
-$13.2M
4
AC
Antara Capital
New York
-$8.75M
5
AWA
Arete Wealth Advisors
Illinois
-$7.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
RG
101
Retirement Group
California
$4K +$3.62K +301 New
SFS
102
Sowell Financial Services
Arkansas
$2K – – –
CMA
103
Cedar Mountain Advisors
Oregon
$1K +$987 +82 New
UFM
104
Ursa Fund Management
California
– -$20.7M -1,553,385 Closed
BHMP
105
Bardin Hill Management Partners
New York
– -$18.2M -1,359,627 Closed
AC
106
Antara Capital
New York
– -$8.75M -655,593 Closed
M
107
MRCap
New York
– -$5.54M -415,215 Closed
NRCM
108
Northern Right Capital Management
Connecticut
– -$3.08M -230,660 Closed
CC
109
Centiva Capital
New York
– -$2.33M -174,491 Closed
WAM
110
Weiss Asset Management
Massachusetts
– -$845K -63,332 Closed
BFM
111
Boothbay Fund Management
New York
– -$347K -26,000 Closed
DAM
112
Deltec Asset Management
New York
– -$174K -13,000 Closed
CSIC
113
Clifford Swan Investment Counsel
California
– -$146K -10,966 Closed
Fidelity Investments
114
Fidelity Investments
Massachusetts
– +$12 +1 New
1 2 3 4
5

HFRO Hedge Fund Activity: Q4 2019 in Review

104 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q4 2019, worth a combined $403M — up 2.7% from $393M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new HFRO positions and 10 closed out — a net gain of 20 holders — while 30 added to existing stakes and 27 trimmed.

The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $25.3M. The largest seller was Ursa Fund Management, exiting entirely with an estimated $20.7M sold.

  • 104 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q4 2019, up from 85 in Q3 2019.
  • Funds reported $403M of Highland Opportunities and Income Fund stock for Q4 2019, up 2.7% quarter-over-quarter.
  • 30 funds opened new Highland Opportunities and Income Fund positions in Q4 2019 and 10 closed out, a net change of +20 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q4 2019 was Davidson Kempner Capital Management, an estimated $25.3M added.
  • The largest Highland Opportunities and Income Fund seller in Q4 2019 was Ursa Fund Management, an estimated $20.7M sold.

Based on aggregated 13F filings for Q4 2019.