Highland Opportunities and Income Fund
HFRO
104 hedge funds and large institutions have $403M invested in Highland Opportunities and Income Fund in 2019 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 30 increasing their positions, 27 reducing their positions, and 10 closing their positions.
200% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 10
22% more funds holding
Funds holding: 85 → 104 (+19)
11% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 27
3% more capital invested
Capital invested by funds: $393M → $403M (+$10.7M)
0.05% less ownership
Funds ownership: 45.19% → 45.14% (-0.05%)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
+$25.3M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$6.91M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$6.28M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$6.11M |
| 5 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$5.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFM
Ursa Fund Management
Danville,
California
|
-$20.7M |
| 2 |
BHMP
Bardin Hill Management Partners
New York
|
-$18.2M |
| 3 |
Morgan Stanley
New York
|
-$13.2M |
| 4 |
AC
Antara Capital
New York
|
-$8.75M |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$7.29M |
HFRO Hedge Fund Activity: Q4 2019 in Review
104 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q4 2019, worth a combined $403M — up 2.7% from $393M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new HFRO positions and 10 closed out — a net gain of 20 holders — while 30 added to existing stakes and 27 trimmed.
The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $25.3M. The largest seller was Ursa Fund Management, exiting entirely with an estimated $20.7M sold.
- 104 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q4 2019, up from 85 in Q3 2019.
- Funds reported $403M of Highland Opportunities and Income Fund stock for Q4 2019, up 2.7% quarter-over-quarter.
- 30 funds opened new Highland Opportunities and Income Fund positions in Q4 2019 and 10 closed out, a net change of +20 holders.
- The largest Highland Opportunities and Income Fund buyer in Q4 2019 was Davidson Kempner Capital Management, an estimated $25.3M added.
- The largest Highland Opportunities and Income Fund seller in Q4 2019 was Ursa Fund Management, an estimated $20.7M sold.
Based on aggregated 13F filings for Q4 2019.