Highland Opportunities and Income Fund
HFRO
98 hedge funds and large institutions have $245M invested in Highland Opportunities and Income Fund in 2020 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 26 reducing their positions, and 17 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 26
5% less capital invested
Capital invested by funds: $257M → $245M (-$12.4M)
4.52% less ownership
Funds ownership: 44.45% → 39.93% (-4.5%)
6% less funds holding
Funds holding: 104 → 98 (-6)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
35% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 17
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $140K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$11.3M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$4.1M |
| 3 |
Morgan Stanley
New York
|
+$3.6M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.25M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$669K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$17.9M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$6.27M |
| 3 |
BlackRock
New York
|
-$6.25M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$6.03M |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$2.96M |
HFRO Hedge Fund Activity: Q3 2020 in Review
98 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q3 2020, worth a combined $245M — down 4.8% from $257M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of HFRO and 11 opened new positions — a net loss of 6 holders — while 26 trimmed existing stakes and 40 added.
The largest buyer was Invesco, adding an estimated $11.3M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.9M.
- 98 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q3 2020, down from 104 in Q2 2020.
- Funds reported $245M of Highland Opportunities and Income Fund stock for Q3 2020, down 4.8% quarter-over-quarter.
- 11 funds opened new Highland Opportunities and Income Fund positions in Q3 2020 and 17 closed out, a net change of -6 holders.
- The largest Highland Opportunities and Income Fund buyer in Q3 2020 was Invesco, an estimated $11.3M added.
- The largest Highland Opportunities and Income Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $17.9M sold.
Based on aggregated 13F filings for Q3 2020.