Highland Opportunities and Income Fund
HFRO
104 hedge funds and large institutions have $257M invested in Highland Opportunities and Income Fund in 2020 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 48 increasing their positions, 21 reducing their positions, and 19 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 21
1.28% less ownership
Funds ownership: 45.73% → 44.45% (-1.3%)
7% less funds holding
Funds holding: 112 → 104 (-8)
8% less capital invested
Capital invested by funds: $280M → $257M (-$23.4M)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
42% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$6.14M |
| 2 |
Morgan Stanley
New York
|
+$4.86M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.41M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$2.58M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$19.5M |
| 2 |
BlackRock
New York
|
-$7.79M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$4.2M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$3.42M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.15M |
HFRO Hedge Fund Activity: Q2 2020 in Review
104 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q2 2020, worth a combined $257M — down 8.4% from $280M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of HFRO and 11 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 48 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $6.14M. The largest seller was United Capital Financial Advisors, exiting entirely with an estimated $19.5M sold.
- 104 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q2 2020, down from 112 in Q1 2020.
- Funds reported $257M of Highland Opportunities and Income Fund stock for Q2 2020, down 8.4% quarter-over-quarter.
- 11 funds opened new Highland Opportunities and Income Fund positions in Q2 2020 and 19 closed out, a net change of -8 holders.
- The largest Highland Opportunities and Income Fund buyer in Q2 2020 was Citadel Advisors, an estimated $6.14M added.
- The largest Highland Opportunities and Income Fund seller in Q2 2020 was United Capital Financial Advisors, an estimated $19.5M sold.
Based on aggregated 13F filings for Q2 2020.