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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 $226.4M in total; no superinvestor holds it.

Other share classesHFRO.PAHFRO.PB

13F holders, Q1 2025

Institutional positions in Highland Opportunities & Income Fund as of Mar 31, 2025. 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
96
−13 vs. Q4 2024
Shares held
25.2M
−3.01M (−10.7%) vs. Q4 2024
Total value
$131.1M
−$15.4M (−10.5%) vs. Q4 2024
New holders
9
27 more added
Sold out
22
42 more reduced

2 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: 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 holdersQ1 2025: 96 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: 111 institutionsQ1 2025: 96 institutionsQ2 2025: 92 institutionsQ3 2025: 94 institutionsQ4 2025: 105 institutionsQ1 2026: 95 institutionsQ2 2026: 91 institutions
Value heldQ1 2025: $131.1M
Q1 2021: $282.4MQ2 2021: $264.1MQ3 2021: $293.5MQ4 2021: $270.6MQ1 2022: $280.5MQ2 2022: $270.4MQ3 2022: $226.5MQ4 2022: $252.4MQ1 2023: $216.6MQ2 2023: $216.8MQ3 2023: $198.7MQ4 2023: $198.8MQ1 2024: $202.6MQ2 2024: $191.5MQ3 2024: $178.9MQ4 2024: $146.5MQ1 2025: $131.1MQ2 2025: $138.2MQ3 2025: $177.0MQ4 2025: $177.4MQ1 2026: $173.2MQ2 2026: $226.4M
Institutions holding HFRO and their total value by quarter
QuarterHoldersValue
Q2 202691$226.4M
Q1 202695$173.2M
Q4 2025105$177.4M
Q3 202594$177.0M
Q2 202592$138.2M
Q1 202596$131.1M
Q4 2024111$146.5M
Q3 2024101$178.9M
Q2 2024101$191.5M
Q1 2024107$202.6M
Q4 2023104$198.8M
Q3 2023105$198.7M
Q2 202397$216.8M
Q1 2023100$216.6M
Q4 2022102$252.4M
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$282.4M

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Highland Opportunities & Income Fund; share changes are against Q4 2024.

Institutions holding HFRO in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Raymond James Financial Inc4,023,301$20.9M0.01%−118,708−2.9%Reduced
Morgan Stanley3,511,694$18.3M0.00%+197,645+6.0%Added
Thomas J. Herzfeld Advisors, Inc.2,677,303$13.9M4.74%−83,475−3.0%Reduced
Invesco Ltd.1,761,877$9.16M0.00%−78,940−4.3%Reduced
Envestnet Asset Management Inc1,724,764$8.97M0.00%+8,124+0.5%Added
Royal Bank of Canada1,436,380$7.47M0.00%−720,158−33.4%Reduced
Geneos Wealth Management Inc.978,559$5.09M0.17%+457,721+87.9%Added
Cambridge Investment Research Advisors, Inc.949,184$4.94M0.02%+212,035+28.8%Added
Highland Capital Management Fund Advisors, L.P.918,047$4.77M0.45%00.0%Unchanged
LPL Financial LLC610,018$3.17M0.00%−130,627−17.6%Reduced
Matisse Capital583,387$3.03M1.60%+74,387+14.6%Added
Landscape Capital Management, L.L.C.529,953$2.76M0.25%−390,380−42.4%Reduced
Camelot Portfolios, LLC457,698$2.38M1.48%+95,576+26.4%Added
Oppenheimer & Co Inc457,394$2.38M0.04%−24,076−5.0%Reduced
RSM US Wealth Management LLC363,122$1.89M0.03%−79,430−17.9%Reduced
Nations Financial Group Inc,358,315$1.86M0.14%+2,000+0.6%Added
Commonwealth Equity Services, LLC332,418$1.73M0.00%−96,129−22.4%Reduced
Advisor Group Holdings, Inc.305,024$1.59M0.00%−61,062−16.7%Reduced
Park Avenue Securities LLC220,857$1.15M0.01%+21,379+10.7%Added
CF Capital LLC220,000$1.12M1.14%−330,000−60.0%Reduced
HighTower Advisors, LLC211,406$1.10M0.00%−167,768−44.2%Reduced
IHT Wealth Management, LLC206,950$1.08M0.03%−195,155−48.5%Reduced
NWF Advisory Services Inc.206,000$1.07M0.15%+206,000New
Yakira Capital Management, Inc.149,435$777.1K0.32%−54,813−26.8%Reduced
Aristides Capital LLC133,496$694.2K0.26%−17,410−11.5%Reduced
GWM Advisors LLC117,733$612.2K0.00%−6,313−5.1%Reduced
Baird Financial Group, Inc.116,349$605.0K0.00%+2,162+1.9%Added
GatePass Capital, LLC109,800$571.0K0.43%+67,300+158.4%Added
AEGON USA Investment Management, LLC105,895$550.7K0.44%−90,720−46.1%Reduced
Samalin Investment Counsel, LLC96,013$499.3K0.20%+22,400+30.4%Added
Arlington Capital Management, Inc.89,674$466.3K0.35%−6,568−6.8%Reduced
SFI Advisors, LLC81,254$422.5K0.31%+49,949+159.6%Added
Cetera Investment Advisers65,292$339.5K0.00%+8,128+14.2%Added
Blue Bell Private Wealth Management, LLC62,773$326.4K0.06%−10,204−14.0%Reduced
Envestnet Portfolio Solutions, Inc.61,852$321.6K0.00%+1,966+3.3%Added
Atria Wealth Solutions, Inc.55,129$286.7K0.00%+120.0%Added
Integrated Capital Management, Inc.53,426$277.8K0.22%+10,479+24.4%Added
Marex Group plc51,480$267.7K0.01%−205,493−80.0%Reduced
Ariadne Wealth Management, LP52,846$266.9K0.14%+393+0.7%Added
Concorde Asset Management, LLC54,900$265.7K0.14%−1,900−3.3%Reduced
Creative Planning46,178$240.1K0.00%−4,576−9.0%Reduced
MidWestOne Financial Group, Inc.36,578$190.2K0.03%00.0%Unchanged
CSS LLC32,516$169.1K0.01%+10,444+47.3%Added
UBS Group AG32,119$167.0K0.00%−45,741−58.7%Reduced
Private Advisor Group, LLC30,060$156.3K0.00%+4,867+19.3%Added
Mariner, LLC30,042$156.2K0.00%+30,042New
Icon Advisers Inc29,564$153.7K0.04%−494,954−94.4%Reduced
Melfa Wealth Management, LLC29,135$151.5K0.10%00.0%Unchanged
Calamos Advisors LLC28,904$150.3K0.00%−24,839−46.2%Reduced
Papamarkou Wellner Asset Management inc.30,000$149.4K0.10%00.0%Unchanged
Independent Financial Group, LLC28,605$148.7K0.01%−1,871−6.1%Reduced
Janney Montgomery Scott LLC27,102$141.0K0.00%−30,183−52.7%Reduced
Kingsview Wealth Management, LLC26,791$139.3K0.00%+2,187+8.9%Added
Sage Capital Management, LLC26,176$136.1K0.07%−12,066−31.6%Reduced
National Asset Management, Inc.24,990$129.9K0.00%−3,223−11.4%Reduced
Kestra Advisory Services, LLC23,070$120.0K0.00%+367+1.6%Added
Jane Street Group, LLC21,306$110.8K0.00%−61,828−74.4%Reduced
MML Investors Services, LLC21,134$110.0K0.00%+5,891+38.6%Added
Keystone Wealth Services, LLC19,700$102.4K0.03%+412+2.1%Added
One Charles Private Wealth Services, LLC17,248$89.7K0.03%00.0%Unchanged
Channel Wealth LLC16,722$87.0K0.03%−340−2.0%Reduced
Inscription Capital, LLC11,914$83.8K0.01%+11,914New
U.S. Capital Wealth Advisors, LLC14,827$77.1K0.00%−3,337−18.4%Reduced
Stephens Inc12,943$67.3K0.00%−901−6.5%Reduced
Truist Financial Corp12,039$62.6K0.00%−11,438−48.7%Reduced
Post Resch Tallon Group Inc.12,121$61.9K0.06%+13+0.1%Added
Koshinski Asset Management, Inc.11,625$60.5K0.01%00.0%Unchanged
Bulldog Investors, LLP10,718$55.7K0.02%−159,008−93.7%Reduced
Capital Investment Advisory Services, LLC10,703$55.7K0.00%+158+1.5%Added
Goldman Sachs Group Inc10,157$52.8K0.00%−31,320−75.5%Reduced
Comerica Bank6,452$33.6K0.00%−1,047−14.0%Reduced
Legacy Wealth Managment, LLC5,270$27.4K0.02%00.0%Unchanged
Spire Wealth Management3,000$15.6K0.00%00.0%Unchanged
Creative Financial Designs Inc2,363$12.3K0.00%00.0%Unchanged
Byrne Asset Management LLC1,800$9.36K0.01%00.0%Unchanged
US Bancorp1,774$9.22K0.00%+1,774New
Steward Partners Investment Advisory, LLC1,261$6.56K0.00%−1,077−46.1%Reduced
IFP Advisors, Inc1,158$6.02K0.00%+25+2.2%Added
Bank of America Corp1,054$5.48K0.00%−18,191−94.5%Reduced
Ameriflex Group, Inc.853$4.44K0.00%00.0%Unchanged
Inlight Wealth Management, LLC671$3.49K0.00%+671New
Asset Dedication, LLC571$2.97K0.00%00.0%Unchanged
Sandy Spring Bank488$2.54K0.00%+488New
Sound Income Strategies, LLC382$1.99K0.00%00.0%Unchanged
CIBC Private Wealth Group, LLC396$1.77K0.00%−317−44.5%Reduced
Caldwell Sutter Capital, Inc.285$1.48K0.00%00.0%Unchanged
CWM, LLC99$1.00K0.00%00.0%Unchanged
WPG Advisers, LLC171$8890.00%−289−62.8%Reduced
Principal Securities, Inc.168$8720.00%00.0%Unchanged
Mountain Hill Investment Partners Corp.116$6010.00%+3+2.7%Added
Cedar Mountain Advisors, LLC82$4260.00%00.0%Unchanged
MAI Capital Management59$3070.00%00.0%Unchanged
Coldstream Capital Management Inc42$2190.00%+42New
FMR LLC28$1460.00%+28New
Wells Fargo & Company1$70.00%−9−90.0%Reduced
AdvisorNet Financial, Inc1$70.00%+1New
Absolute Investment Advisers LLC0$00.00%−169,300−100.0%Sold out
Private Capital Management, LLC0$00.00%−141,000−100.0%Sold out
Arete Wealth Advisors, LLC0$00.00%−88,704−100.0%Sold out
Quarry LP0$00.00%−65,900−100.0%Sold out