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HFRO

Highland Opportunities and Income Fund
HFRO

95 hedge funds and large institutions have $282M invested in Highland Opportunities and Income Fund in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 38 increasing their positions, 29 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 29

7% more capital invested

Capital invested by funds: $264M → $282M (+$18.1M)

0.38% less ownership

Funds ownership: 35.79% → 35.42% (-0.38%)

4% less funds holding

Funds holding: 99 → 95 (-4)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
95
Holders Change
-4
Holders Change %
-4.04%
% of All Funds
1.67%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.09%
New
14
Increased
38
Reduced
29
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$13.7M
2
IWM
IHT Wealth Management
Illinois
+$4.89M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$2.01M
4
Morgan Stanley
Morgan Stanley
New York
+$1.58M
5
Barclays
Barclays
United Kingdom
+$1.35M

Top Sellers

1
LCM
Landscape Capital Management
New Jersey
-$7.3M
2
RJA
Raymond James & Associates
Florida
-$6.71M
3
Millennium Management
Millennium Management
New York
-$4.96M
4
OCM
Oaktree Capital Management
California
-$4.11M
5
BPCM
Beach Point Capital Management
California
-$2.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$49M +$1.58M +150,432 +4%
BPCM
2
Beach Point Capital Management
California
$29.1M -$2.68M -254,876 -9%
TJHA
3
Thomas J. Herzfeld Advisors
Florida
$24.5M +$760K +72,198 +3%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$17.9M +$850K +80,790 +5%
MC
5
Matisse Capital
Oregon
$16.2M -$43.1K -4,100 -0.3%
PCM
6
Penserra Capital Management
California
$14.4M +$13.7M +1,302,393 New
Wells Fargo
7
Wells Fargo
California
$13.9M +$704K +66,956 +6%
Invesco
8
Invesco
Georgia
$13.1M -$235K -22,342 -2%
IWM
9
IHT Wealth Management
Illinois
$10.3M +$4.89M +465,218 +101%
QC
10
Quantedge Capital
Singapore
$10.2M -$761K -72,354 -7%
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$7.04M +$2.01M +190,850 +43%
Osaic Holdings
12
Osaic Holdings
Arizona
$6.9M -$39.7K -3,774 -0.6%
LPL Financial
13
LPL Financial
California
$6.45M -$463K -43,986 -7%
CP
14
Camelot Portfolios
Ohio
$6.03M +$733K +69,695 +15%
GWM
15
Geneos Wealth Management
Colorado
$5.05M -$251K -23,858 -5%
OC
16
Oppenheimer & Co
New York
$4.93M +$248K +23,613 +6%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$4.74M +$1.28M +121,894 +40%
ATPW
18
Ashton Thomas Private Wealth
Arizona
$3.48M +$115K +10,978 +4%
PWPS
19
Pinnacle Wealth Planning Services
Ohio
$3.45M +$112K +10,602 +4%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$3.15M -$54.3K -5,166 -2%
CCP
21
Clough Capital Partners
Massachusetts
$2.97M – – –
MA
22
MONECO Advisors
Connecticut
$2.94M -$96.4K -9,161 -3%
YCM
23
Yakira Capital Management
Connecticut
$1.83M -$295K -28,000 -14%
AC
24
Aristides Capital
Kentucky
$1.83M – – –
6M
25
6 Meridian
Kansas
$1.77M +$349K +33,215 +26%
1
2 3 4 5

HFRO Hedge Fund Activity: Q1 2021 in Review

95 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q1 2021, worth a combined $282M — up 6.9% from $264M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of HFRO and 14 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 38 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $13.7M. The largest seller was Landscape Capital Management, cutting an estimated $7.3M.

  • 95 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q1 2021, down from 99 in Q4 2020.
  • Funds reported $282M of Highland Opportunities and Income Fund stock for Q1 2021, up 6.9% quarter-over-quarter.
  • 14 funds opened new Highland Opportunities and Income Fund positions in Q1 2021 and 16 closed out, a net change of -2 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $13.7M added.
  • The largest Highland Opportunities and Income Fund seller in Q1 2021 was Landscape Capital Management, an estimated $7.3M sold.

Based on aggregated 13F filings for Q1 2021.