Highland Opportunities and Income Fund
HFRO
99 hedge funds and large institutions have $294M invested in Highland Opportunities and Income Fund in 2021 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 22 reducing their positions, and 12 closing their positions.
114% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 22
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
15% more capital invested
Capital invested by funds: $256M → $294M (+$37.6M)
5.38% more ownership
Funds ownership: 32.77% → 38.15% (+5.4%)
2% more funds holding
Funds holding: 97 → 99 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quantedge Capital
Singapore
|
+$11M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.7M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$6.64M |
| 4 |
CAC
Cowen and Company
New York
|
+$5.35M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$7.83M |
| 2 |
AC
Antara Capital
New York
|
-$5.55M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.54M |
| 4 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$1.09M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$890K | -81,528 | Closed |
|
102
Bank of New York Mellon
New York
| – | -$132K | -12,142 | Closed |
|
|
RJFSA
103
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$125K | -11,503 | Closed |
|
104
MML Investors Services
Springfield,
Massachusetts
| – | -$118K | -10,784 | Closed |
|
105
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$48K | -4,423 | Closed |
|
|
PGWM
106
Parisi Gray Wealth Management
Mendham,
New Jersey
| – | -$44K | -4,000 | Closed |
|
107
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11K | -1,000 | Closed |
|
|
AWA
108
Arkadios Wealth Advisors
Atlanta,
Georgia
| – | -$9K | -902 | Closed |
|
|
GI
109
Gradient Investments
Arden Hills,
Minnesota
| – | -$5K | -466 | Closed |
|
|
PAM
110
Panagora Asset Management
Boston,
Massachusetts
| – | -$2K | -168 | Closed |
|
HFRO Hedge Fund Activity: Q3 2021 in Review
99 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q3 2021, worth a combined $294M — up 15% from $256M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new HFRO positions and 12 closed out — a net gain of 3 holders — while 47 added to existing stakes and 22 trimmed.
The largest buyer was Quantedge Capital, opening a new position worth an estimated $11M. The largest seller was Penserra Capital Management, cutting an estimated $7.83M.
- 99 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q3 2021, up from 97 in Q2 2021.
- Funds reported $294M of Highland Opportunities and Income Fund stock for Q3 2021, up 15% quarter-over-quarter.
- 15 funds opened new Highland Opportunities and Income Fund positions in Q3 2021 and 12 closed out, a net change of +3 holders.
- The largest Highland Opportunities and Income Fund buyer in Q3 2021 was Quantedge Capital, an estimated $11M added.
- The largest Highland Opportunities and Income Fund seller in Q3 2021 was Penserra Capital Management, an estimated $7.83M sold.
Based on aggregated 13F filings for Q3 2021.