Highland Opportunities and Income Fund
HFRO
81 hedge funds and large institutions have $377M invested in Highland Opportunities and Income Fund in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 10 closing their positions.
110% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 10
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
16% more funds holding
Funds holding: 70 → 81 (+11)
4.72% more ownership
Funds ownership: 36.17% → 40.89% (+4.7%)
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
6% less capital invested
Capital invested by funds: $401M → $377M (-$24.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$19.2M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$12.1M |
| 3 |
LPL Financial
San Diego,
California
|
+$9.74M |
| 4 |
UFM
Ursa Fund Management
Danville,
California
|
+$7.58M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$6.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$17.5M |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$10.4M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$6.28M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$6.02M |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$2.19M |
HFRO Hedge Fund Activity: Q4 2018 in Review
81 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q4 2018, worth a combined $377M — down 6.1% from $401M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new HFRO positions and 10 closed out — a net gain of 11 holders — while 23 added to existing stakes and 23 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $19.2M. The largest seller was Morgan Stanley, cutting an estimated $17.5M.
- 81 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q4 2018, up from 70 in Q3 2018.
- Funds reported $377M of Highland Opportunities and Income Fund stock for Q4 2018, down 6.1% quarter-over-quarter.
- 21 funds opened new Highland Opportunities and Income Fund positions in Q4 2018 and 10 closed out, a net change of +11 holders.
- The largest Highland Opportunities and Income Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $19.2M added.
- The largest Highland Opportunities and Income Fund seller in Q4 2018 was Morgan Stanley, an estimated $17.5M sold.
Based on aggregated 13F filings for Q4 2018.