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HFRO

Highland Opportunities and Income Fund
HFRO

100 hedge funds and large institutions have $213M invested in Highland Opportunities and Income Fund in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 32

0.19% more ownership

Funds ownership: 36.02% → 36.21% (+0.19%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

2% less funds holding

Funds holding: 102 → 100 (-2)

82% less capital invested

Capital invested by funds: $1.17B → $213M (-$958M)

Holders
100
Holders Change
-2
Holders Change %
-1.96%
% of All Funds
1.59%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
42
Reduced
32
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$4.73M
2
LPL Financial
LPL Financial
California
+$4.6M
3
IA
Icon Advisers
Colorado
+$2.26M
4
NAM
Nexpoint Asset Management
Texas
+$1.89M
5
LCM
Landscape Capital Management
New Jersey
+$1.26M

Top Sellers

1
QC
Quantedge Capital
Singapore
-$3.97M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.94M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.94M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.68M
5
Truist Financial
Truist Financial
North Carolina
-$1.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$39.2M -$1.51M -152,378 -3%
TJHA
2
Thomas J. Herzfeld Advisors
Florida
$25.8M +$4.73M +475,588 +19%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$16.2M -$1.68M -169,503 -8%
LPL Financial
4
LPL Financial
California
$13.1M +$4.6M +462,390 +45%
Invesco
5
Invesco
Georgia
$12.2M +$579K +58,265 +4%
AW
6
Atlas Wealth
Ohio
$8.26M -$943K -94,865 -9%
NAM
7
Nexpoint Asset Management
Texas
$8.07M +$1.89M +190,000 +26%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$7.06M -$778K -78,312 -9%
PCM
9
Penserra Capital Management
California
$6.75M +$160K +16,060 +2%
OC
10
Oppenheimer & Co
New York
$5M +$421K +42,353 +8%
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$4.88M -$1.33M -133,302 -19%
CP
12
Camelot Portfolios
Ohio
$4.51M +$164K +16,538 +3%
Wells Fargo
13
Wells Fargo
California
$4.31M -$90.5K -9,108 -2%
IWM
14
IHT Wealth Management
Illinois
$4.29M +$133K +13,403 +3%
BI
15
Bulldog Investors
New Jersey
$3.97M +$536K +53,874 +14%
GWM
16
Geneos Wealth Management
Colorado
$3.53M -$136K -13,723 -3%
NFG
17
Nations Financial Group
Iowa
$3.45M -$48.1K -4,836 -1%
RJA
18
Raymond James & Associates
Florida
$3.25M +$51.3K +5,165 +1%
Amundi
19
Amundi
France
$3.22M -$235K -23,600 -6%
Osaic Holdings
20
Osaic Holdings
Arizona
$2.81M -$1.94M -195,259 -38%
IA
21
Icon Advisers
Colorado
$2M +$2.26M +227,104 New
BF
22
BOK Financial
Oklahoma
$1.82M – – –
LCM
23
Landscape Capital Management
New Jersey
$1.62M +$1.26M +126,875 +221%
LI
24
LVZ Inc
Michigan
$1.52M +$362K +36,439 +27%
AC
25
Aristides Capital
Kentucky
$1.45M – – –
1
2 3 4 5

HFRO Hedge Fund Activity: Q1 2023 in Review

100 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q1 2023, worth a combined $213M — down 82% from $1.17B a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of HFRO and 10 opened new positions — a net loss of 1 holder — while 32 trimmed existing stakes and 42 added.

The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $4.73M. The largest seller was Quantedge Capital, cutting an estimated $3.97M.

  • 100 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q1 2023, down from 102 in Q4 2022.
  • Funds reported $213M of Highland Opportunities and Income Fund stock for Q1 2023, down 82% quarter-over-quarter.
  • 10 funds opened new Highland Opportunities and Income Fund positions in Q1 2023 and 11 closed out, a net change of -1 holder.
  • The largest Highland Opportunities and Income Fund buyer in Q1 2023 was Thomas J. Herzfeld Advisors, an estimated $4.73M added.
  • The largest Highland Opportunities and Income Fund seller in Q1 2023 was Quantedge Capital, an estimated $3.97M sold.

Based on aggregated 13F filings for Q1 2023.