Highland Global Allocation Fund
HGLB
31 hedge funds and large institutions have $41.7M invested in Highland Global Allocation Fund in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 8 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
16.37% more ownership
Funds ownership: 0% → 16.37% (+16%)
18% less funds holding
Funds holding: 38 → 31 (-7)
21% less capital invested
Capital invested by funds: $52.8M → $41.7M (-$11.1M)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.75M |
| 2 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$1.41M |
| 3 |
Morgan Stanley
New York
|
+$1.25M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$955K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$639K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$5.16M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.99M |
| 3 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$399K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$257K |
| 5 |
B
Bridgeworth
Birmingham,
Alabama
|
-$249K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $43K | -$22K | -1,841 | -32% |
|
27
UBS Group
Zurich,
Switzerland
| $36K | +$7.16K | +599 | +22% |
|
|
FHA
28
Flagship Harbor Advisors
Boston,
Massachusetts
| $34K | – | – | – |
|
29
Citigroup
New York
| $8K | +$7.17K | +600 | +674% |
|
|
RCM
30
Rivernorth Capital Management
West Palm Beach,
Florida
| $819 | +$639K | +53,457 | +276% |
|
|
BI
31
Bulldog Investors
Saddle Brook,
New Jersey
| $337 | +$358K | +30,000 | New |
|
|
32
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$5.16M | -399,352 | Closed |
|
|
BRWM
33
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$399K | -30,891 | Closed |
|
|
B
34
Bridgeworth
Birmingham,
Alabama
| – | -$249K | -19,320 | Closed |
|
|
CA
35
Cetera Advisors
Denver,
Colorado
| – | -$238K | -18,448 | Closed |
|
36
Citadel Advisors
Miami,
Florida
| – | -$201K | -15,543 | Closed |
|
|
SWP
37
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$183K | -14,140 | Closed |
|
|
IA
38
IFG Advisory
Atlanta,
Georgia
| – | -$172K | -13,390 | Closed |
|
|
KPW
39
Kore Private Wealth
New York
| – | -$78K | -6,002 | Closed |
|
HGLB Hedge Fund Activity: Q2 2019 in Review
31 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Highland Global Allocation Fund (HGLB) for Q2 2019, worth a combined $41.7M — down 21% from $52.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of HGLB and 2 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 14 added.
The largest buyer was City of London Investment Management, adding an estimated $1.75M. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $5.16M sold.
- 31 institutional investors held Highland Global Allocation Fund (HGLB) as of Q2 2019, down from 38 in Q1 2019.
- Funds reported $41.7M of Highland Global Allocation Fund stock for Q2 2019, down 21% quarter-over-quarter.
- 2 funds opened new Highland Global Allocation Fund positions in Q2 2019 and 8 closed out, a net change of -6 holders.
- The largest Highland Global Allocation Fund buyer in Q2 2019 was City of London Investment Management, an estimated $1.75M added.
- The largest Highland Global Allocation Fund seller in Q2 2019 was Cambridge Investment Research Advisors, an estimated $5.16M sold.
Based on aggregated 13F filings for Q2 2019.