Highland Opportunities and Income Fund
HFRO
95 hedge funds and large institutions have $137M invested in Highland Opportunities and Income Fund in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 41 reducing their positions, and 23 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.73% less ownership
Funds ownership: 42.97% → 40.24% (-2.7%)
16% less funds holding
Funds holding: 113 → 95 (-18)
34% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 41
35% less capital invested
Capital invested by funds: $209M → $137M (-$72.8M)
61% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$8.56M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.17M |
| 3 |
NAS
NWF Advisory Services
Los Angeles,
California
|
+$1.14M |
| 4 |
Morgan Stanley
New York
|
+$1.09M |
| 5 |
CP
Camelot Portfolios
Maumee,
Ohio
|
+$528K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.98M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.74M |
| 3 |
AGM
Alpine Global Management
New York
|
-$2.6M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.16M |
| 5 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$1.82M |
HFRO Hedge Fund Activity: Q1 2025 in Review
95 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q1 2025, worth a combined $137M — down 35% from $209M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of HFRO and 9 opened new positions — a net loss of 14 holders — while 41 trimmed existing stakes and 27 added.
The largest buyer was Geneos Wealth Management, adding an estimated $8.56M. The largest seller was Royal Bank of Canada, cutting an estimated $3.98M.
- 95 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q1 2025, down from 113 in Q4 2024.
- Funds reported $137M of Highland Opportunities and Income Fund stock for Q1 2025, down 35% quarter-over-quarter.
- 9 funds opened new Highland Opportunities and Income Fund positions in Q1 2025 and 23 closed out, a net change of -14 holders.
- The largest Highland Opportunities and Income Fund buyer in Q1 2025 was Geneos Wealth Management, an estimated $8.56M added.
- The largest Highland Opportunities and Income Fund seller in Q1 2025 was Royal Bank of Canada, an estimated $3.98M sold.
Based on aggregated 13F filings for Q1 2025.