Highland Opportunities and Income Fund
HFRO
99 hedge funds and large institutions have $264M invested in Highland Opportunities and Income Fund in 2020 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 32 increasing their positions, 34 reducing their positions, and 18 closing their positions.
17% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 18
8% more capital invested
Capital invested by funds: $245M → $264M (+$19.7M)
1% more funds holding
Funds holding: 98 → 99 (+1)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
6% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 34
4.14% less ownership
Funds ownership: 39.93% → 35.79% (-4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$17.6M |
| 2 |
Millennium Management
New York
|
+$4.29M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.11M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.88M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
-$15.1M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$10.4M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.43M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$8.04M |
| 5 |
Morgan Stanley
New York
|
-$4.06M |
HFRO Hedge Fund Activity: Q4 2020 in Review
99 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q4 2020, worth a combined $264M — up 8.1% from $245M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new HFRO positions and 18 closed out — a net gain of 3 holders — while 32 added to existing stakes and 34 trimmed.
The largest buyer was Beach Point Capital Management, adding an estimated $17.6M. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $15.1M sold.
- 99 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q4 2020, up from 98 in Q3 2020.
- Funds reported $264M of Highland Opportunities and Income Fund stock for Q4 2020, up 8.1% quarter-over-quarter.
- 21 funds opened new Highland Opportunities and Income Fund positions in Q4 2020 and 18 closed out, a net change of +3 holders.
- The largest Highland Opportunities and Income Fund buyer in Q4 2020 was Beach Point Capital Management, an estimated $17.6M added.
- The largest Highland Opportunities and Income Fund seller in Q4 2020 was Davidson Kempner Capital Management, an estimated $15.1M sold.
Based on aggregated 13F filings for Q4 2020.