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HFRO

Highland Opportunities and Income Fund

106 hedge funds and large institutions have $202M invested in Highland Opportunities and Income Fund in 2024 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 26 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 26

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

3% more funds holding

Funds holding: 103106 (+3)

2.28% less ownership

Funds ownership: 44.55%42.26% (-2.3%)

13% less capital invested

Capital invested by funds: $233M → $202M (-$30.9M)

Holders
106
Holders Change
+3
Holders Change %
+2.91%
% of All Funds
1.53%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
19
Increased
42
Reduced
26
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$26.2M -$35.8M -5,298,616 -59%
TJHA
2
Thomas J. Herzfeld Advisors
Florida
$22M +$754K +111,706 +4%
RJA
3
Raymond James & Associates
Florida
$18.1M +$10.3M +1,522,660 +144%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$14.6M +$1.6M +236,601 +13%
Invesco
5
Invesco
Georgia
$12.4M +$3.6M +533,216 +43%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$11.6M +$1.75M +258,448 +19%
LPL Financial
7
LPL Financial
California
$8.77M -$1.32M -195,230 -14%
PCM
8
Penserra Capital Management
California
$7.92M +$959K +142,042 +14%
NAM
9
Nexpoint Asset Management
Texas
$7.02M +$543K +80,464 +9%
LCM
10
Landscape Capital Management
New Jersey
$6.82M +$3.86M +571,830 +144%
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$5.83M +$1.38M +203,867 +33%
OC
12
Oppenheimer & Co
New York
$4.9M +$156K +23,027 +3%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$4.1M +$33.9K +5,016 +0.9%
IWM
14
IHT Wealth Management
Illinois
$3.6M +$13.4K +1,985 +0.4%
BI
15
Bulldog Investors
New Jersey
$3.29M +$1.07M +157,934 +51%
HighTower Advisors
16
HighTower Advisors
Illinois
$2.98M +$563K +83,356 +24%
MC
17
Matisse Capital
Oregon
$2.88M +$844K +125,000 +44%
GWM
18
Geneos Wealth Management
Colorado
$2.77M +$58K +8,583 +2%
CP
19
Camelot Portfolios
Ohio
$2.72M -$1.09M -161,600 -29%
NFG
20
Nations Financial Group
Iowa
$2.63M -$43K -6,372 -2%
Amundi
21
Amundi
France
$2.35M
CL
22
Choreo LLC
Illinois
$2.3M +$2.21M +327,637 New
Osaic Holdings
23
Osaic Holdings
Arizona
$2.23M +$211K +31,235 +11%
Wells Fargo
24
Wells Fargo
California
$1.51M -$1.64M -242,606 -53%
BF
25
BOK Financial
Oklahoma
$1.43M +$32.5K +4,809 +2%

HFRO Hedge Fund Activity: Q1 2024 in Review

106 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q1 2024, worth a combined $202M — down 13% from $233M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new HFRO positions and 15 closed out — a net gain of 4 holders — while 42 added to existing stakes and 26 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $10.3M. The largest seller was Morgan Stanley, cutting an estimated $35.8M.

  • 106 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q1 2024, up from 103 in Q4 2023.
  • Funds reported $202M of Highland Opportunities and Income Fund stock for Q1 2024, down 13% quarter-over-quarter.
  • 19 funds opened new Highland Opportunities and Income Fund positions in Q1 2024 and 15 closed out, a net change of +4 holders.
  • The largest Highland Opportunities and Income Fund buyer in Q1 2024 was Raymond James & Associates, an estimated $10.3M added.
  • The largest Highland Opportunities and Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $35.8M sold.

Based on aggregated 13F filings for Q1 2024.