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.
13F holders, Q3 2025
Institutional positions in Highland Opportunities & Income Fund as of Sep 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
- 94
- +4 vs. Q2 2025
- Shares held
- 27.9M
- +1.38M (+5.2%) vs. Q2 2025
- Total value
- $177.0M
- +$39.2M (+28.4%) vs. Q2 2025
- New holders
- 16
- 21 more added
- Sold out
- 12
- 31 more reduced
2 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 91 | $226.4M |
| Q1 2026 | 95 | $173.2M |
| Q4 2025 | 105 | $177.4M |
| Q3 2025 | 94 | $177.0M |
| Q2 2025 | 92 | $138.2M |
| Q1 2025 | 96 | $131.1M |
| Q4 2024 | 111 | $146.5M |
| Q3 2024 | 101 | $178.9M |
| Q2 2024 | 101 | $191.5M |
| Q1 2024 | 107 | $202.6M |
| Q4 2023 | 104 | $198.8M |
| Q3 2023 | 105 | $198.7M |
| Q2 2023 | 97 | $216.8M |
| Q1 2023 | 100 | $216.6M |
| Q4 2022 | 102 | $252.4M |
| Q3 2022 | 94 | $226.5M |
| Q2 2022 | 101 | $270.4M |
| Q1 2022 | 97 | $280.5M |
| Q4 2021 | 102 | $270.6M |
| Q3 2021 | 99 | $293.5M |
| Q2 2021 | 98 | $264.1M |
| Q1 2021 | 95 | $282.4M |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Highland Opportunities & Income Fund; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 3,729,880 | $23.7M | 0.78% | +1,458,721+64.2% | Added |
| Raymond James Financial Inc | 3,236,075 | $20.5M | 0.01% | −530,653−14.1% | Reduced |
| Morgan Stanley | 3,187,631 | $20.2M | 0.00% | −293,006−8.4% | Reduced |
| Highland Capital Management Fund Advisors, L.P. | 2,818,047 | $17.9M | 1.59% | +1,900,000+207.0% | Added |
| Thomas J. Herzfeld Advisors, Inc. | 2,796,339 | $17.8M | 6.09% | +196,230+7.5% | Added |
| Envestnet Asset Management Inc | 1,822,324 | $11.6M | 0.00% | +95,314+5.5% | Added |
| Invesco Ltd. | 1,330,719 | $8.45M | 0.00% | −414,399−23.7% | Reduced |
| Geneos Wealth Management Inc. | 981,727 | $6.23M | 0.16% | −26,262−2.6% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 934,988 | $5.94M | 0.02% | −4,433−0.5% | Reduced |
| Royal Bank of Canada | 701,695 | $4.46M | 0.00% | −304,311−30.2% | Reduced |
| LPL Financial LLC | 663,043 | $4.21M | 0.00% | +61,980+10.3% | Added |
| Matisse Capital | 617,000 | $3.92M | 1.76% | 00.0% | Unchanged |
| Commonwealth Equity Services, LLC | 595,969 | $3.78M | 0.00% | +256,921+75.8% | Added |
| Oppenheimer & Co Inc | 448,820 | $2.85M | 0.03% | −18,135−3.9% | Reduced |
| Camelot Portfolios, LLC | 406,172 | $2.58M | 1.53% | −23,447−5.5% | Reduced |
| Advisor Group Holdings, Inc. | 300,777 | $1.86M | 0.00% | −6,640−2.2% | Reduced |
| RSM US Wealth Management LLC | 221,418 | $1.41M | 0.02% | +9,857+4.7% | Added |
| CF Capital LLC | 196,996 | $1.25M | 0.77% | −1,004−0.5% | Reduced |
| IHT Wealth Management, LLC | 192,918 | $1.23M | 0.03% | +203+0.1% | Added |
| Park Avenue Securities LLC | 191,834 | $1.22M | 0.01% | −30,935−13.9% | Reduced |
| Landscape Capital Management, L.L.C. | 181,396 | $1.15M | 0.07% | −496,154−73.2% | Reduced |
| Arlington Capital Management, Inc. | 158,438 | $1.01M | 0.64% | −16,609−9.5% | Reduced |
| Aristides Capital LLC | 133,496 | $847.7K | 0.25% | 00.0% | Unchanged |
| Nations Financial Group Inc, | 130,086 | $826.1K | 0.05% | −15,900−10.9% | Reduced |
| HighTower Advisors, LLC | 124,853 | $792.8K | 0.00% | −49,857−28.5% | Reduced |
| GWM Advisors LLC | 120,911 | $767.8K | 0.00% | −961−0.8% | Reduced |
| Blue Bell Private Wealth Management, LLC | 119,450 | $758.5K | 0.12% | +41,543+53.3% | Added |
| AEGON USA Investment Management, LLC | 105,895 | $672.4K | 0.46% | 00.0% | Unchanged |
| Samalin Investment Counsel, LLC | 104,353 | $662.6K | 0.23% | +13,859+15.3% | Added |
| Baird Financial Group, Inc. | 94,898 | $602.6K | 0.00% | −21,451−18.4% | Reduced |
| Marex Group plc | 77,571 | $492.6K | 0.01% | +77,571 | New |
| Cetera Investment Advisers | 71,596 | $454.6K | 0.00% | +880+1.2% | Added |
| Concorde Asset Management, LLC | 65,700 | $412.4K | 0.17% | +65,700 | New |
| Jane Street Group, LLC | 53,855 | $342.0K | 0.00% | +53,855 | New |
| Ariadne Wealth Management, LP | 52,876 | $341.6K | 0.15% | +140.0% | Added |
| Creative Planning | 45,985 | $292.0K | 0.00% | −197−0.4% | Reduced |
| Balyasny Asset Management LLC | 42,780 | $271.7K | 0.00% | +42,780 | New |
| Integrated Capital Management, Inc. | 40,939 | $260.0K | 0.18% | −13,933−25.4% | Reduced |
| HRT Financial LP | 38,356 | $243.0K | 0.00% | +26,676+228.4% | Added |
| NWF Advisory Services Inc. | 37,700 | $239.4K | 0.03% | −17,700−31.9% | Reduced |
| MidWestOne Financial Group, Inc. | 36,578 | $232.3K | 0.03% | 00.0% | Unchanged |
| Mariner, LLC | 36,439 | $231.4K | 0.00% | −3,117−7.9% | Reduced |
| Millennium Management LLC | 35,717 | $226.8K | 0.00% | +35,717 | New |
| HB Wealth Management, LLC | 32,550 | $206.7K | 0.00% | +32,550 | New |
| CSS LLC | 32,516 | $206.5K | 0.01% | 00.0% | Unchanged |
| Calamos Advisors LLC | 32,372 | $205.6K | 0.00% | +5,780+21.7% | Added |
| UBS Group AG | 32,256 | $204.8K | 0.00% | −97,107−75.1% | Reduced |
| Independent Financial Group, LLC | 30,254 | $192.1K | 0.00% | +299+1.0% | Added |
| Papamarkou Wellner Asset Management inc. | 30,000 | $190.5K | 0.12% | 00.0% | Unchanged |
| LifeWealth Investments, LLC | 29,250 | $185.7K | 0.03% | 00.0% | Unchanged |
| Melfa Wealth Management, LLC | 29,135 | $185.0K | 0.11% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 28,345 | $180.0K | 0.00% | −17,007−37.5% | Reduced |
| Janney Montgomery Scott LLC | 26,152 | $166.0K | 0.00% | −974−3.6% | Reduced |
| National Asset Management, Inc. | 24,430 | $155.1K | 0.01% | 00.0% | Unchanged |
| MML Investors Services, LLC | 23,026 | $146.2K | 0.00% | +80+0.3% | Added |
| Kestra Advisory Services, LLC | 21,490 | $136.5K | 0.00% | −1,976−8.4% | Reduced |
| Keystone Wealth Services, LLC | 20,545 | $130.5K | 0.03% | +398+2.0% | Added |
| Abel Hall, LLC | 20,000 | $127.0K | 0.05% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 19,357 | $122.9K | 0.00% | +19,357 | New |
| One Charles Private Wealth Services, LLC | 17,248 | $109.5K | 0.03% | 00.0% | Unchanged |
| Yakira Capital Management, Inc. | 15,655 | $99.4K | 0.04% | −74,220−82.6% | Reduced |
| Channel Wealth LLC | 14,216 | $90.3K | 0.02% | −2,506−15.0% | Reduced |
| Capital Investment Advisory Services, LLC | 13,153 | $83.5K | 0.01% | +212+1.6% | Added |
| U.S. Capital Wealth Advisors, LLC | 12,827 | $81.5K | 0.00% | −2,000−13.5% | Reduced |
| Rockefeller Capital Management L.P. | 12,770 | $81.1K | 0.00% | +12,770 | New |
| Stephens Inc | 12,743 | $80.9K | 0.00% | 00.0% | Unchanged |
| Koshinski Asset Management, Inc. | 11,625 | $73.8K | 0.00% | 00.0% | Unchanged |
| Catalyst Funds Management Pty Ltd | 10,800 | $68.6K | 0.01% | +10,800 | New |
| Bulldog Investors, LLP | 10,715 | $68.0K | 0.02% | 00.0% | Unchanged |
| Advisory Services Network, LLC | 8,171 | $51.9K | 0.00% | +8,171 | New |
| Comerica Bank | 6,420 | $40.8K | 0.00% | 00.0% | Unchanged |
| Legacy Wealth Managment, LLC | 5,237 | $33.3K | 0.02% | −33−0.6% | Reduced |
| CWM, LLC | 3,747 | $24.0K | 0.00% | +3,648+3,684.8% | Added |
| Creative Financial Designs Inc | 2,363 | $15.0K | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 2,152 | $13.7K | 0.01% | +2,152 | New |
| Byrne Asset Management LLC | 1,800 | $11.4K | 0.01% | 00.0% | Unchanged |
| US Bancorp | 1,775 | $11.3K | 0.00% | 00.0% | Unchanged |
| Steward Partners Investment Advisory, LLC | 1,261 | $8.01K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 1,059 | $6.72K | 0.00% | +1,059 | New |
| Spire Wealth Management | 500 | $3.17K | 0.00% | −2,500−83.3% | Reduced |
| Wells Fargo & Company | 449 | $2.85K | 0.00% | −6,048−93.1% | Reduced |
| CIBC Private Wealth Group, LLC | 412 | $2.61K | 0.00% | +8+2.0% | Added |
| Russell Investments Group, Ltd. | 400 | $2.54K | 0.00% | +400 | New |
| Sound Income Strategies, LLC | 382 | $2.51K | 0.00% | 00.0% | Unchanged |
| Caldwell Sutter Capital, Inc. | 285 | $1.81K | 0.00% | 00.0% | Unchanged |
| Gables Capital Management Inc. | 269 | $1.71K | 0.00% | +269 | New |
| Inlight Wealth Management, LLC | 160 | $1.02K | 0.00% | 00.0% | Unchanged |
| Mountain Hill Investment Partners Corp. | 121 | $765 | 0.00% | +3+2.5% | Added |
| Cedar Mountain Advisors, LLC | 82 | $521 | 0.00% | 00.0% | Unchanged |
| MAI Capital Management | 59 | $375 | 0.00% | 00.0% | Unchanged |
| FMR LLC | 23 | $146 | 0.00% | 00.0% | Unchanged |
| Wealthspire Advisors, LLC | 7 | $44 | 0.00% | +7 | New |
| Strategic Wealth Partners, Ltd. | 6 | $38 | 0.00% | +6 | New |
| AdvisorNet Financial, Inc | 1 | $9 | 0.00% | 00.0% | Unchanged |
| Verition Fund Management LLC | 0 | $0 | 0.00% | −262,820−100.0% | Sold out |
| GatePass Capital, LLC | 0 | $0 | 0.00% | −116,100−100.0% | Sold out |
| Envestnet Portfolio Solutions, Inc. | 0 | $0 | 0.00% | −66,964−100.0% | Sold out |
| Kingsview Wealth Management, LLC | 0 | $0 | 0.00% | −29,091−100.0% | Sold out |
| Private Advisor Group, LLC | 0 | $0 | 0.00% | −28,875−100.0% | Sold out |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −16,308−100.0% | Sold out |