Highland Opportunities and Income Fund
HFRO
112 hedge funds and large institutions have $280M invested in Highland Opportunities and Income Fund in 2020 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 14 closing their positions.
79% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 14
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
8% more funds holding
Funds holding: 104 → 112 (+8)
0.59% more ownership
Funds ownership: 45.14% → 45.73% (+0.59%)
16% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 37
30% less capital invested
Capital invested by funds: $403M → $280M (-$123M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$12.3M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$7.14M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$6.64M |
| 4 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$5.48M |
| 5 |
AC
Aristides Capital
Louisville,
Kentucky
|
+$4.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$12.2M |
| 2 |
BCIM
Burford Capital Investment Management
Chicago,
Illinois
|
-$9.45M |
| 3 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$4M |
| 4 |
Millennium Management
New York
|
-$3.05M |
| 5 |
Morgan Stanley
New York
|
-$2.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Rockefeller Capital Management
New York
| – | +$210 | +18 | New |
|
HFRO Hedge Fund Activity: Q1 2020 in Review
112 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q1 2020, worth a combined $280M — down 30% from $403M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new HFRO positions and 14 closed out — a net gain of 11 holders — while 31 added to existing stakes and 37 trimmed.
The largest buyer was Matisse Capital, adding an estimated $12.3M. The largest seller was Invesco, cutting an estimated $12.2M.
- 112 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q1 2020, up from 104 in Q4 2019.
- Funds reported $280M of Highland Opportunities and Income Fund stock for Q1 2020, down 30% quarter-over-quarter.
- 25 funds opened new Highland Opportunities and Income Fund positions in Q1 2020 and 14 closed out, a net change of +11 holders.
- The largest Highland Opportunities and Income Fund buyer in Q1 2020 was Matisse Capital, an estimated $12.3M added.
- The largest Highland Opportunities and Income Fund seller in Q1 2020 was Invesco, an estimated $12.2M sold.
Based on aggregated 13F filings for Q1 2020.