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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$13.7M |
| 2 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$4.89M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.01M |
| 4 |
Morgan Stanley
New York
|
+$1.58M |
| 5 |
Barclays
London,
United Kingdom
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$7.3M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$6.71M |
| 3 |
Millennium Management
New York
|
-$4.96M |
| 4 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$4.11M |
| 5 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$2.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
MML Investors Services
Springfield,
Massachusetts
| – | -$109K | -10,573 | Closed |
|
|
TSS
102
Two Sigma Securities
New York
| – | -$106K | -10,302 | Closed |
|
|
PS
103
Planned Solutions
Folsom,
California
| – | -$82K | -8,000 | Closed |
|
|
SIAG
104
Safeguard Investment Advisory Group
Corona,
California
| – | -$57K | -5,552 | Closed |
|
|
TRCT
105
Tower Research Capital (TRC)
New York
| – | -$12K | -1,200 | Closed |
|
|
HPC
106
HM Payson & Co
Portland,
Maine
| – | -$10K | -992 | Closed |
|
|
BWA
107
BDO Wealth Advisors
Jacksonville,
Florida
| – | -$9K | -918 | Closed |
|
108
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -850 | Closed |
|
|
VFA
109
Valeo Financial Advisors
Carmel,
Indiana
| – | -$2K | -200 | Closed |
|
110
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | +100% |
|
|
OC
111
Oakworth Capital
Birmingham,
Alabama
| – | +$873 | +83 | New |
|
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.