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HFRO

Highland Opportunities and Income Fund
HFRO

85 hedge funds and large institutions have $393M invested in Highland Opportunities and Income Fund in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 22 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

55% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 22

10% more funds holding

Funds holding: 77 → 85 (+8)

1.72% more ownership

Funds ownership: 43.47% → 45.19% (+1.7%)

1% more capital invested

Capital invested by funds: $388M → $393M (+$4.23M)

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

Holders
85
Holders Change
+8
Holders Change %
+10.39%
% of All Funds
1.86%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.24%
New
13
Increased
34
Reduced
22
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAIM
Punch & Associates Investment Management
Minnesota
+$4.5M
2
Morgan Stanley
Morgan Stanley
New York
+$2.99M
3
M
MRCap
New York
+$2.88M
4
UFM
Ursa Fund Management
California
+$2.48M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.02M

Top Sellers

1
VAS
VR Advisory Services
Cayman Islands
-$2.6M
2
UCFA
United Capital Financial Advisors
Texas
-$1.89M
3
RCM
Rivernorth Capital Management
Florida
-$1.88M
4
AC
Almitas Capital
California
-$1.49M
5
CAN
Cetera Advisor Networks
California
-$640K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$67M +$2.99M +223,719 +5%
UCFA
2
United Capital Financial Advisors
Texas
$31.5M -$1.89M -141,795 -6%
RJA
3
Raymond James & Associates
Florida
$24.4M +$41.9K +3,138 +0.2%
BlackRock
4
BlackRock
New York
$23M +$824K +61,707 +4%
UFM
5
Ursa Fund Management
California
$20.7M +$2.48M +185,966 +14%
BCIM
6
Burford Capital Investment Management
Illinois
$20.4M – – –
BHMP
7
Bardin Hill Management Partners
New York
$18.2M – – –
Wells Fargo
8
Wells Fargo
California
$15.5M +$430K +32,148 +3%
TJHA
9
Thomas J. Herzfeld Advisors
Florida
$14.6M +$2.02M +151,219 +16%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$14.5M +$315K +23,594 +2%
Invesco
11
Invesco
Georgia
$11.3M -$374K -27,962 -3%
COLIM
12
City of London Investment Management
United Kingdom
$10.6M +$8.69K +650 +0.1%
AWA
13
Arete Wealth Advisors
Illinois
$8.84M +$351K +26,240 +4%
AC
14
Antara Capital
New York
$8.75M +$1.83M +136,640 +26%
BPCM
15
Beach Point Capital Management
California
$6.84M +$138K +10,347 +2%
GWM
16
Geneos Wealth Management
Colorado
$6.47M +$183K +13,697 +3%
LPL Financial
17
LPL Financial
California
$6.4M +$396K +29,667 +7%
AG
18
Advisor Group
Arizona
$5.95M +$486K +36,398 +9%
M
19
MRCap
New York
$5.54M +$2.88M +215,215 +108%
ICM
20
Ionic Capital Management
New York
$5.5M -$496K -37,113 -8%
IWM
21
IHT Wealth Management
Illinois
$5.37M +$28.3K +2,116 +0.5%
MA
22
MONECO Advisors
Connecticut
$5.28M +$53.9K +4,031 +1%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$5.06M +$145K +10,842 +3%
PAIM
24
Punch & Associates Investment Management
Minnesota
$4.5M +$4.5M +336,870 New
ATPW
25
Ashton Thomas Private Wealth
Arizona
$3.41M +$150K +11,199 +5%
1
2 3 4

HFRO Hedge Fund Activity: Q3 2019 in Review

85 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q3 2019, worth a combined $393M — up 1.1% from $388M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new HFRO positions and 4 closed out — a net gain of 9 holders — while 34 added to existing stakes and 22 trimmed.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $4.5M. The largest seller was VR Advisory Services, exiting entirely with an estimated $2.6M sold.

  • 85 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q3 2019, up from 77 in Q2 2019.
  • Funds reported $393M of Highland Opportunities and Income Fund stock for Q3 2019, up 1.1% quarter-over-quarter.
  • 13 funds opened new Highland Opportunities and Income Fund positions in Q3 2019 and 4 closed out, a net change of +9 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q3 2019 was Punch & Associates Investment Management, an estimated $4.5M added.
  • The largest Highland Opportunities and Income Fund seller in Q3 2019 was VR Advisory Services, an estimated $2.6M sold.

Based on aggregated 13F filings for Q3 2019.