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Highland Opportunities & Income Fund

HFRO
Exchange
NYSE
SEC CIK
0001710680

No open-market purchases or sales by Highland Opportunities & Income Fund insiders were filed in the last 90 days; 91 institutions reported holding it in 13F filings for Q2 2026, worth $233.2M in total; no superinvestor holds it.

Other share classesHFRO.PAHFRO.PB

13F holders, Q2 2026

Institutional positions in Highland Opportunities & Income Fund as of Jun 30, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
91
−3 vs. Q1 2026
Shares held
32.7M
+2.38M (+7.8%) vs. Q1 2026
Total value
$233.2M
+$60.0M (+34.7%) vs. Q1 2026
New holders
10
27 more added
Sold out
13
30 more reduced

1 institution that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2026: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting HFRO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2026: 91 institutions
Q1 2021: 95 institutionsQ2 2021: 98 institutionsQ3 2021: 99 institutionsQ4 2021: 102 institutionsQ1 2022: 97 institutionsQ2 2022: 101 institutionsQ3 2022: 94 institutionsQ4 2022: 102 institutionsQ1 2023: 100 institutionsQ2 2023: 97 institutionsQ3 2023: 105 institutionsQ4 2023: 104 institutionsQ1 2024: 107 institutionsQ2 2024: 101 institutionsQ3 2024: 101 institutionsQ4 2024: 112 institutionsQ1 2025: 96 institutionsQ2 2025: 92 institutionsQ3 2025: 94 institutionsQ4 2025: 105 institutionsQ1 2026: 95 institutionsQ2 2026: 91 institutions
Value heldQ2 2026: $233.2M
Q1 2021: $299.2MQ2 2021: $264.1MQ3 2021: $293.5MQ4 2021: $270.6MQ1 2022: $280.5MQ2 2022: $270.4MQ3 2022: $226.5MQ4 2022: $253.7MQ1 2023: $216.6MQ2 2023: $216.8MQ3 2023: $198.7MQ4 2023: $233.6MQ1 2024: $256.1MQ2 2024: $192.7MQ3 2024: $178.9MQ4 2024: $149.1MQ1 2025: $136.8MQ2 2025: $143.4MQ3 2025: $177.0MQ4 2025: $177.4MQ1 2026: $173.2MQ2 2026: $233.2M
Institutions holding HFRO and their total value by quarter
QuarterHoldersValue
Q2 202691$233.2M
Q1 202695$173.2M
Q4 2025105$177.4M
Q3 202594$177.0M
Q2 202592$143.4M
Q1 202596$136.8M
Q4 2024112$149.1M
Q3 2024101$178.9M
Q2 2024101$192.7M
Q1 2024107$256.1M
Q4 2023104$233.6M
Q3 2023105$198.7M
Q2 202397$216.8M
Q1 2023100$216.6M
Q4 2022102$253.7M
Q3 202294$226.5M
Q2 2022101$270.4M
Q1 202297$280.5M
Q4 2021102$270.6M
Q3 202199$293.5M
Q2 202198$264.1M
Q1 202195$299.2M

Institutions, Q2 2026

Shares, value and share of portfolio for each institution holding Highland Opportunities & Income Fund; share changes are against Q1 2026.

Institutions holding HFRO in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Saba Capital Management, L.P.5,976,204$42.6M1.30%+828,967+16.1%Added
Highland Capital Management Fund Advisors, L.P.4,599,295$32.8M2.19%+470,400+11.4%Added
Raymond James Financial Inc3,979,624$28.4M0.01%+58,645+1.5%Added
Thomas J. Herzfeld Advisors, Inc.2,676,474$19.1M5.86%−39,187−1.4%Reduced
Morgan Stanley2,487,826$17.7M0.00%−56,567−2.2%Reduced
Envestnet Asset Management Inc2,183,464$15.6M0.00%+36,125+1.7%Added
Cambridge Investment Research Advisors, Inc.1,889,386$13.5M0.02%+923,507+95.6%Added
Invesco Ltd.1,161,203$8.28M0.00%−247,603−17.6%Reduced
Atlas Wealth LLC1,030,976$7.35M1.05%+1,030,976New
Matisse Capital617,000$4.40M1.76%00.0%Unchanged
LPL Financial LLC615,069$4.39M0.00%−7,637−1.2%Reduced
Royal Bank of Canada544,380$3.88M0.00%−86,832−13.8%Reduced
Oppenheimer & Co Inc532,264$3.80M0.04%+72,042+15.7%Added
Geneos Wealth Management Inc.525,538$3.75M0.08%−147,262−21.9%Reduced
Altium Capital Management LP317,055$2.26M4.76%+39,987+14.4%Added
Camelot Portfolios, LLC310,043$2.21M1.57%−7,019−2.2%Reduced
Closed-End Fund Advisors, Inc.237,067$1.69M1.65%+1,743+0.7%Added
RSM US Wealth Management LLC206,145$1.47M0.02%−11,817−5.4%Reduced
Landscape Capital Management, L.L.C.181,396$1.29M0.08%00.0%Unchanged
Park Avenue Securities LLC176,281$1.26M0.01%−5,397−3.0%Reduced
Blue Bell Private Wealth Management, LLC176,264$1.26M0.16%+37,061+26.6%Added
GWM Advisors LLC173,066$1.23M0.00%+6,748+4.1%Added
Aristides Capital LLC143,706$1.02M0.26%+5,610+4.1%Added
IHT Wealth Management, LLC137,401$979.7K0.02%−3,178−2.3%Reduced
Gratia Capital, LLC124,725$889.3K1.02%+124,725New
Nations Financial Group Inc,122,317$872.1K0.04%00.0%Unchanged
HighTower Advisors, LLC109,907$783.6K0.00%−4,118−3.6%Reduced
Baird Financial Group, Inc.95,804$683.1K0.00%−17,900−15.7%Reduced
Advisor Group Holdings, Inc.95,535$681.2K0.00%−15,008−13.6%Reduced
Calamos Advisors LLC80,201$571.8K0.00%+5,346+7.1%Added
Gilpin Wealth Management, LLC76,546$545.8K0.38%−15,096−16.5%Reduced
Creative Planning68,552$488.8K0.00%+40.0%Added
Harbour Investments, Inc.65,120$464.3K0.01%−77,123−54.2%Reduced
Samalin Investment Counsel, LLC56,009$399.3K0.13%−21,379−27.6%Reduced
Ariadne Wealth Management, LP52,914$377.3K0.17%+140.0%Added
Cetera Investment Advisers50,969$363.4K0.00%−147−0.3%Reduced
XTX Topco Ltd48,570$346.3K0.00%+28,582+143.0%Added
Financial Solutions Advisory Group, Inc.44,734$341.3K0.04%+44,734New
AEGON USA Investment Management, LLC47,619$339.5K0.24%−31,812−40.0%Reduced
Susquehanna International Group, LLP43,426$309.6K0.00%+6,167+16.6%Added
Jane Street Group, LLC40,661$289.9K0.00%+8,141+25.0%Added
Mercer Global Advisors Inc35,831$255.5K0.00%00.0%Unchanged
CSS LLC32,516$231.8K0.01%00.0%Unchanged
Papamarkou Wellner Asset Management inc.30,000$213.9K0.13%−15,000−33.3%Reduced
Abel Hall, LLC30,000$213.9K0.04%00.0%Unchanged
UBS Group AG29,943$213.5K0.00%+11,295+60.6%Added
Integrated Capital Management, Inc.29,285$208.8K0.15%−4,681−13.8%Reduced
Evolve Private Wealth, LLC28,887$206.0K0.01%−2,327−7.5%Reduced
Independent Financial Group, LLC28,881$205.9K0.00%+251+0.9%Added
National Asset Management, Inc.25,815$186.9K0.01%+4,312+20.1%Added
Mariner, LLC25,112$179.0K0.00%−5,140−17.0%Reduced
CF Capital LLC24,731$176.3K0.21%+2,650+12.0%Added
Melfa Wealth Management, LLC18,856$134.4K0.07%−10,279−35.3%Reduced
MML Investors Services, LLC18,683$133.2K0.00%+2,350+14.4%Added
One Charles Private Wealth Services, LLC17,248$123.0K0.03%00.0%Unchanged
Kestra Advisory Services, LLC15,591$111.2K0.00%−19,694−55.8%Reduced
Goldman Sachs Group Inc15,148$108.0K0.00%+15,148New
Nomura Holdings Inc15,000$107.0K0.00%+15,000New
Keystone Wealth Services, LLC14,704$104.8K0.02%−6,626−31.1%Reduced
Diversify Advisory Services, LLC13,015$94.7K0.00%+13,015New
Diversify Wealth Management, LLC13,015$94.7K0.00%+13,015New
Capital Investment Advisory Services, LLC13,076$93.2K0.01%+200+1.6%Added
Stephens Inc12,743$90.9K0.00%00.0%Unchanged
Commonwealth Equity Services, LLC12,689$90.5K0.00%+163+1.3%Added
Koshinski Asset Management, Inc.11,625$82.9K0.00%00.0%Unchanged
Janney Montgomery Scott LLC11,530$82.0K0.00%−8,745−43.1%Reduced
Bulldog Investors, LLP10,715$76.4K0.02%00.0%Unchanged
Post Resch Tallon Group Inc.10,485$74.8K0.05%+10,485New
K2 Principal Fund, L.P.10,033$71.5K0.01%00.0%Unchanged
Rockefeller Capital Management L.P.9,385$66.9K0.00%+487+5.5%Added
Wells Fargo & Company6,505$46.4K0.00%−1,344−17.1%Reduced
Fifth Third Bancorp6,156$43.9K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.5,044$36.0K0.00%+5,044New
IFP Advisors, Inc3,845$27.4K0.00%−172−4.3%Reduced
Basepoint Wealth LLC3,671$26.2K0.01%00.0%Unchanged
Triumph Capital Management3,300$23.5K0.00%+700+26.9%Added
Byrne Asset Management LLC1,800$12.8K0.01%00.0%Unchanged
Steward Partners Investment Advisory, LLC1,261$8.99K0.00%00.0%Unchanged
Spire Wealth Management500$3.56K0.00%00.0%Unchanged
Highline Wealth Partners LLC414$2.95K0.00%−56−11.9%Reduced
Caldwell Sutter Capital, Inc.285$2.03K0.00%00.0%Unchanged
Gables Capital Management Inc.269$1.92K0.00%00.0%Unchanged
Assetmark, Inc226$1.61K0.00%+226New
SHP Wealth Management211$1.50K0.00%00.0%Unchanged
Cedar Mountain Advisors, LLC82$5850.00%00.0%Unchanged
Sunrise Financial Services, LLC70$4990.00%00.0%Unchanged
FMR LLC23$1640.00%00.0%Unchanged
Strategic Wealth Partners, Ltd.6$430.00%00.0%Unchanged
Vision Retirement, LLC3$190.00%00.0%Unchanged
AdvisorNet Financial, Inc2$110.00%+1+100.0%Added
Kilter Group LLC1$50.00%−2,218−100.0%Reduced
Marex Group plc0$00.00%−205,000−100.0%Sold out
Concorde Asset Management, LLC0$00.00%−166,190−100.0%Sold out
Arlington Capital Management, Inc.0$00.00%−154,306−100.0%Sold out
Citadel Advisors LLC0$00.00%−15,564−100.0%Sold out
NWF Advisory Services Inc.0$00.00%−10,400−100.0%Sold out
Channel Wealth LLC0$00.00%−10,074−100.0%Sold out
Advisory Services Network, LLC0$00.00%−7,458−100.0%Sold out
Legacy Wealth Managment, LLC0$00.00%−5,237−100.0%Sold out
US Bancorp0$00.00%−1,775−100.0%Sold out