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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, Q2 2025

Institutional positions in Highland Opportunities & Income Fund as of Jun 30, 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
92
−2 vs. Q1 2025
Shares held
26.6M
+1.41M (+5.6%) vs. Q1 2025
Total value
$138.2M
+$7.39M (+5.6%) vs. Q1 2025
New holders
10
32 more added
Sold out
12
26 more reduced

2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 2025: 92 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 heldQ2 2025: $138.2M
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, Q2 2025

Shares, value and share of portfolio for each institution holding Highland Opportunities & Income Fund; share changes are against Q1 2025.

Institutions holding HFRO in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
AdvisorNet Financial, Inc1$70.00%00.0%Unchanged
FMR LLC23$1200.00%−5−17.9%Reduced
MAI Capital Management59$3070.00%00.0%Unchanged
Cedar Mountain Advisors, LLC82$4260.00%00.0%Unchanged
Mountain Hill Investment Partners Corp.118$6150.00%+2+1.7%Added
Inlight Wealth Management, LLC160$8320.00%−511−76.2%Reduced
Principal Securities, Inc.168$8740.00%00.0%Unchanged
CWM, LLC99$1.00K0.00%00.0%Unchanged
Caldwell Sutter Capital, Inc.285$1.48K0.00%00.0%Unchanged
Sound Income Strategies, LLC382$1.99K0.00%00.0%Unchanged
CIBC Private Wealth Group, LLC404$2.10K0.00%+8+2.0%Added
SRS Capital Advisors, Inc.1,000$5.20K0.00%+1,000New
IFP Advisors, Inc1,166$6.06K0.00%+8+0.7%Added
Steward Partners Investment Advisory, LLC1,261$6.56K0.00%00.0%Unchanged
US Bancorp1,775$9.23K0.00%+1+0.1%Added
Byrne Asset Management LLC1,800$9.36K0.01%00.0%Unchanged
Creative Financial Designs Inc2,363$12.3K0.00%00.0%Unchanged
Spire Wealth Management3,000$15.6K0.00%00.0%Unchanged
Legacy Wealth Managment, LLC5,270$27.4K0.01%00.0%Unchanged
Legacy Investment Solutions, LLC5,270$27.4K0.01%+5,270New
Comerica Bank6,420$33.4K0.00%−32−0.5%Reduced
Wells Fargo & Company6,497$33.8K0.00%+6,496+649,600.0%Added
Truist Financial Corp10,488$54.5K0.00%−1,551−12.9%Reduced
Bulldog Investors, LLP10,715$55.7K0.01%−30.0%Reduced
Stifel Financial Corp11,497$59.8K0.00%+11,497New
HRT Financial LP11,680$60.0K0.00%+11,680New
Koshinski Asset Management, Inc.11,625$60.5K0.00%00.0%Unchanged
Stephens Inc12,743$66.3K0.00%−200−1.5%Reduced
Capital Investment Advisory Services, LLC12,941$67.3K0.01%+2,238+20.9%Added
U.S. Capital Wealth Advisors, LLC14,827$77.1K0.00%00.0%Unchanged
Sage Capital Management, LLC15,129$78.7K0.04%−11,047−42.2%Reduced
Citadel Advisors LLC16,308$84.8K0.00%+16,308New
Channel Wealth LLC16,722$87.0K0.02%00.0%Unchanged
One Charles Private Wealth Services, LLC17,248$89.7K0.03%00.0%Unchanged
Abel Hall, LLC20,000$104.0K0.05%+20,000New
Keystone Wealth Services, LLC20,147$104.8K0.03%+447+2.3%Added
MML Investors Services, LLC22,946$119.0K0.00%+1,812+8.6%Added
Kestra Advisory Services, LLC23,466$122.0K0.00%+396+1.7%Added
National Asset Management, Inc.24,430$127.0K0.01%−560−2.2%Reduced
Calamos Advisors LLC26,592$138.3K0.00%−2,312−8.0%Reduced
Janney Montgomery Scott LLC27,126$141.0K0.00%+24+0.1%Added
Private Advisor Group, LLC28,875$150.1K0.00%−1,185−3.9%Reduced
Kingsview Wealth Management, LLC29,091$151.3K0.00%+2,300+8.6%Added
Melfa Wealth Management, LLC29,135$151.5K0.10%00.0%Unchanged
LifeWealth Investments, LLC29,250$152.1K0.03%+29,250New
Independent Financial Group, LLC29,955$155.8K0.00%+1,350+4.7%Added
Papamarkou Wellner Asset Management inc.30,000$156.0K0.10%00.0%Unchanged
CSS LLC32,516$169.1K0.01%00.0%Unchanged
MidWestOne Financial Group, Inc.36,578$190.2K0.02%00.0%Unchanged
Mariner, LLC39,556$205.7K0.00%+9,514+31.7%Added
Susquehanna International Group, LLP45,352$235.8K0.00%+45,352New
Creative Planning46,182$240.1K0.00%+40.0%Added
Integrated Capital Management, Inc.54,872$285.3K0.22%+1,446+2.7%Added
NWF Advisory Services Inc.55,400$288.1K0.03%−150,600−73.1%Reduced
Atria Wealth Solutions, Inc.60,569$315.0K0.01%+5,440+9.9%Added
Ariadne Wealth Management, LP52,862$318.6K0.15%+160.0%Added
Envestnet Portfolio Solutions, Inc.66,964$348.2K0.00%+5,112+8.3%Added
Cetera Investment Advisers70,716$367.7K0.00%+5,424+8.3%Added
Blue Bell Private Wealth Management, LLC77,907$405.1K0.07%+15,134+24.1%Added
Yakira Capital Management, Inc.89,875$467.4K0.17%−59,560−39.9%Reduced
Samalin Investment Counsel, LLC90,494$470.6K0.18%−5,519−5.7%Reduced
AEGON USA Investment Management, LLC105,895$550.7K0.41%00.0%Unchanged
GatePass Capital, LLC116,100$603.7K0.40%+6,300+5.7%Added
Baird Financial Group, Inc.116,349$605.0K0.00%00.0%Unchanged
GWM Advisors LLC121,872$633.7K0.00%+4,139+3.5%Added
UBS Group AG129,363$672.7K0.00%+97,244+302.8%Added
Aristides Capital LLC133,496$694.2K0.22%00.0%Unchanged
Nations Financial Group Inc,145,986$759.1K0.05%−212,329−59.3%Reduced
HighTower Advisors, LLC174,710$908.5K0.00%−36,696−17.4%Reduced
Arlington Capital Management, Inc.175,047$910.2K0.79%+85,373+95.2%Added
IHT Wealth Management, LLC192,715$1.00M0.03%−14,235−6.9%Reduced
CF Capital LLC198,000$1.03M1.32%−22,000−10.0%Reduced
RSM US Wealth Management LLC211,561$1.10M0.02%−151,561−41.7%Reduced
Park Avenue Securities LLC222,769$1.16M0.01%+1,912+0.9%Added
Verition Fund Management LLC262,820$1.37M0.01%+262,820New
Advisor Group Holdings, Inc.307,417$1.60M0.00%+2,393+0.8%Added
Commonwealth Equity Services, LLC339,048$1.76M0.00%+6,630+2.0%Added
Camelot Portfolios, LLC429,619$2.23M1.34%−28,079−6.1%Reduced
Oppenheimer & Co Inc466,955$2.43M0.03%+9,561+2.1%Added
LPL Financial LLC601,063$3.13M0.00%−8,955−1.5%Reduced
Matisse Capital617,000$3.21M1.52%+33,613+5.8%Added
Landscape Capital Management, L.L.C.677,550$3.52M0.28%+147,597+27.9%Added
Highland Capital Management Fund Advisors, L.P.918,047$4.77M0.45%00.0%Unchanged
Cambridge Investment Research Advisors, Inc.939,421$4.88M0.01%−9,763−1.0%Reduced
Royal Bank of Canada1,006,006$5.23M0.00%−430,374−30.0%Reduced
Geneos Wealth Management Inc.1,007,989$5.24M0.13%+29,430+3.0%Added
Envestnet Asset Management Inc1,727,010$8.98M0.00%+2,246+0.1%Added
Invesco Ltd.1,745,118$9.07M0.00%−16,759−1.0%Reduced
Saba Capital Management, L.P.2,271,159$11.8M0.32%+2,271,159New
Thomas J. Herzfeld Advisors, Inc.2,600,109$13.5M4.82%−77,194−2.9%Reduced
Morgan Stanley3,480,637$18.1M0.00%−31,057−0.9%Reduced
Raymond James Financial Inc3,766,728$19.6M0.01%−256,573−6.4%Reduced
SFI Advisors, LLC0$00.00%−81,254−100.0%Sold out
Marex Group plc0$00.00%−51,480−100.0%Sold out
Icon Advisers Inc0$00.00%−29,564−100.0%Sold out
Jane Street Group, LLC0$00.00%−21,306−100.0%Sold out
Inscription Capital, LLC0$00.00%−11,914−100.0%Sold out
Post Resch Tallon Group Inc.0$00.00%−12,121−100.0%Sold out
Goldman Sachs Group Inc0$00.00%−10,157−100.0%Sold out
Bank of America Corp0$00.00%−1,054−100.0%Sold out