Highland Opportunities and Income Fund
HFRO
91 hedge funds and large institutions have $226M invested in Highland Opportunities and Income Fund in 2026 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 31 reducing their positions, and 13 closing their positions.
106% more capital inflows, than outflows
Capital inflows: $18.6M | Capital outflows: $9.02M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
2.48% more ownership
Funds ownership: 54.83% → 57.31% (+2.5%)
4% less funds holding
Funds holding: 95 → 91 (-4)
16% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 31
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$6.62M |
| 2 |
Saba Capital Management
New York
|
+$5.32M |
| 3 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
+$3.02M |
| 4 |
GC
Gratia Capital
Los Angeles,
California
|
+$800K |
| 5 |
Oppenheimer & Co
New York
|
+$462K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.59M |
| 2 |
Marex Group
London,
|
-$1.17M |
| 3 |
CAM
Concorde Asset Management
Ann Arbor,
Michigan
|
-$949K |
| 4 |
Geneos Wealth Management
Englewood,
Colorado
|
-$945K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$881K |
HFRO Hedge Fund Activity: Q2 2026 in Review
91 of the 8,352 institutional investors tracked by Wall St. Rank reported a position in Highland Opportunities and Income Fund (HFRO) for Q2 2026, worth a combined $226M — up 31% from $173M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of HFRO and 10 opened new positions — a net loss of 3 holders — while 31 trimmed existing stakes and 26 added.
The largest buyer was Atlas Wealth, opening a new position worth an estimated $6.62M. The largest seller was Invesco, cutting an estimated $1.59M.
- 91 institutional investors held Highland Opportunities and Income Fund (HFRO) as of Q2 2026, down from 95 in Q1 2026.
- Funds reported $226M of Highland Opportunities and Income Fund stock for Q2 2026, up 31% quarter-over-quarter.
- 10 funds opened new Highland Opportunities and Income Fund positions in Q2 2026 and 13 closed out, a net change of -3 holders.
- The largest Highland Opportunities and Income Fund buyer in Q2 2026 was Atlas Wealth, an estimated $6.62M added.
- The largest Highland Opportunities and Income Fund seller in Q2 2026 was Invesco, an estimated $1.59M sold.
Based on aggregated 13F filings for Q2 2026.