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, Q4 2025
Institutional positions in Highland Opportunities & Income Fund as of Dec 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
- 105
- +11 vs. Q3 2025
- Shares held
- 29.7M
- +1.78M (+6.4%) vs. Q3 2025
- Total value
- $177.4M
- +$396.4K (+0.2%) vs. Q3 2025
- New holders
- 22
- 25 more added
- Sold out
- 11
- 30 more reduced
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Highland Opportunities & Income Fund; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 4,674,016 | $28.0M | 0.94% | +944,136+25.3% | Added |
| Raymond James Financial Inc | 3,791,936 | $22.7M | 0.01% | +555,861+17.2% | Added |
| Highland Capital Management Fund Advisors, L.P. | 3,673,047 | $22.0M | 1.53% | +855,000+30.3% | Added |
| Morgan Stanley | 2,822,936 | $16.9M | 0.00% | −364,695−11.4% | Reduced |
| Thomas J. Herzfeld Advisors, Inc. | 2,457,285 | $14.7M | 4.97% | −339,054−12.1% | Reduced |
| Envestnet Asset Management Inc | 2,100,795 | $12.6M | 0.00% | +278,471+15.3% | Added |
| Invesco Ltd. | 1,367,754 | $8.18M | 0.00% | +37,035+2.8% | Added |
| Cambridge Investment Research Advisors, Inc. | 950,061 | $5.68M | 0.02% | +15,073+1.6% | Added |
| Geneos Wealth Management Inc. | 928,473 | $5.55M | 0.14% | −53,254−5.4% | Reduced |
| Royal Bank of Canada | 667,601 | $3.99M | 0.00% | −34,094−4.9% | Reduced |
| LPL Financial LLC | 636,467 | $3.81M | 0.00% | −26,576−4.0% | Reduced |
| Matisse Capital | 617,000 | $3.69M | 1.65% | 00.0% | Unchanged |
| Oppenheimer & Co Inc | 449,790 | $2.69M | 0.04% | +970+0.2% | Added |
| Camelot Portfolios, LLC | 353,602 | $2.11M | 1.31% | −52,570−12.9% | Reduced |
| Marex Group plc | 285,112 | $1.70M | 0.02% | +207,541+267.5% | Added |
| Closed-End Fund Advisors, Inc. | 235,136 | $1.41M | 0.83% | +235,136 | New |
| RSM US Wealth Management LLC | 230,630 | $1.39M | 0.02% | +9,212+4.2% | Added |
| CF Capital LLC | 192,701 | $1.15M | 0.57% | −4,295−2.2% | Reduced |
| Park Avenue Securities LLC | 184,621 | $1.10M | 0.01% | −7,213−3.8% | Reduced |
| Landscape Capital Management, L.L.C. | 181,396 | $1.08M | 0.07% | 00.0% | Unchanged |
| Arlington Capital Management, Inc. | 151,205 | $904.2K | 0.56% | −7,233−4.6% | Reduced |
| IHT Wealth Management, LLC | 147,653 | $883.0K | 0.02% | −45,265−23.5% | Reduced |
| Altium Capital Management LP | 143,059 | $855.5K | 3.38% | +143,059 | New |
| Concorde Asset Management, LLC | 139,460 | $834.0K | 0.33% | +73,760+112.3% | Added |
| Aristides Capital LLC | 133,496 | $798.3K | 0.28% | 00.0% | Unchanged |
| GWM Advisors LLC | 130,626 | $781.1K | 0.00% | +9,715+8.0% | Added |
| Blue Bell Private Wealth Management, LLC | 126,901 | $758.9K | 0.11% | +7,451+6.2% | Added |
| Nations Financial Group Inc, | 122,317 | $731.5K | 0.04% | −7,769−6.0% | Reduced |
| HighTower Advisors, LLC | 118,665 | $709.6K | 0.00% | −6,188−5.0% | Reduced |
| Jane Street Group, LLC | 117,452 | $702.4K | 0.00% | +63,597+118.1% | Added |
| Advisor Group Holdings, Inc. | 106,141 | $634.8K | 0.00% | −194,636−64.7% | Reduced |
| Baird Financial Group, Inc. | 96,591 | $577.6K | 0.00% | +1,693+1.8% | Added |
| Gilpin Wealth Management, LLC | 90,956 | $543.9K | 0.43% | +90,956 | New |
| AEGON USA Investment Management, LLC | 88,168 | $527.2K | 0.37% | −17,727−16.7% | Reduced |
| Samalin Investment Counsel, LLC | 84,056 | $502.7K | 0.18% | −20,297−19.5% | Reduced |
| Susquehanna International Group, LLP | 77,525 | $463.6K | 0.00% | +49,180+173.5% | Added |
| Ariadne Wealth Management, LP | 52,890 | $339.6K | 0.14% | +140.0% | Added |
| Cetera Investment Advisers | 55,565 | $332.3K | 0.00% | −16,031−22.4% | Reduced |
| Creative Planning | 45,988 | $275.0K | 0.00% | +30.0% | Added |
| Papamarkou Wellner Asset Management inc. | 45,000 | $269.1K | 0.16% | +15,000+50.0% | Added |
| Calamos Advisors LLC | 42,776 | $255.8K | 0.00% | +10,404+32.1% | Added |
| Integrated Capital Management, Inc. | 39,358 | $235.4K | 0.16% | −1,581−3.9% | Reduced |
| XTX Topco Ltd | 37,854 | $226.4K | 0.01% | +37,854 | New |
| MidWestOne Financial Group, Inc. | 36,578 | $218.7K | 0.02% | 00.0% | Unchanged |
| Mercer Global Advisors Inc | 35,831 | $214.3K | 0.00% | +35,831 | New |
| Kestra Advisory Services, LLC | 34,177 | $204.4K | 0.00% | +12,687+59.0% | Added |
| HB Wealth Management, LLC | 32,550 | $194.6K | 0.00% | 00.0% | Unchanged |
| CSS LLC | 32,516 | $194.4K | 0.01% | 00.0% | Unchanged |
| Evolve Private Wealth, LLC | 31,437 | $188.0K | 0.01% | +31,437 | New |
| Mariner, LLC | 30,573 | $182.8K | 0.00% | −5,866−16.1% | Reduced |
| Melfa Wealth Management, LLC | 29,135 | $174.2K | 0.10% | 00.0% | Unchanged |
| Millennium Management LLC | 28,850 | $172.5K | 0.00% | −6,867−19.2% | Reduced |
| Independent Financial Group, LLC | 28,358 | $169.6K | 0.00% | −1,896−6.3% | Reduced |
| Janney Montgomery Scott LLC | 24,459 | $146.0K | 0.00% | −1,693−6.5% | Reduced |
| Keystone Wealth Services, LLC | 20,925 | $125.1K | 0.03% | +380+1.8% | Added |
| NWF Advisory Services Inc. | 20,700 | $123.8K | 0.01% | −17,000−45.1% | Reduced |
| Citadel Advisors LLC | 20,046 | $119.9K | 0.00% | +20,046 | New |
| Abel Hall, LLC | 20,000 | $119.6K | 0.03% | 00.0% | Unchanged |
| MML Investors Services, LLC | 19,703 | $117.8K | 0.00% | −3,323−14.4% | Reduced |
| UBS Group AG | 18,958 | $113.4K | 0.00% | −13,298−41.2% | Reduced |
| One Charles Private Wealth Services, LLC | 17,248 | $103.1K | 0.03% | 00.0% | Unchanged |
| Yakira Capital Management, Inc. | 15,655 | $93.6K | 0.03% | 00.0% | Unchanged |
| LifeWealth Investments, LLC | 14,625 | $87.5K | 0.03% | −14,625−50.0% | Reduced |
| Channel Wealth LLC | 14,216 | $85.0K | 0.02% | 00.0% | Unchanged |
| Commonwealth Equity Services, LLC | 13,550 | $81.0K | 0.00% | −582,419−97.7% | Reduced |
| Capital Investment Advisory Services, LLC | 13,359 | $79.9K | 0.01% | +206+1.6% | Added |
| U.S. Capital Wealth Advisors, LLC | 12,827 | $76.7K | 0.00% | 00.0% | Unchanged |
| Stephens Inc | 12,743 | $76.2K | 0.00% | 00.0% | Unchanged |
| Koshinski Asset Management, Inc. | 11,625 | $69.5K | 0.00% | 00.0% | Unchanged |
| Bulldog Investors, LLP | 10,715 | $64.1K | 0.01% | 00.0% | Unchanged |
| K2 Principal Fund, L.P. | 10,033 | $60.0K | 0.01% | +10,033 | New |
| Nomura Holdings Inc | 10,000 | $59.8K | 0.00% | +10,000 | New |
| Comerica Bank | 6,156 | $36.8K | 0.00% | −264−4.1% | Reduced |
| Clear Street Markets LLC | 5,658 | $33.8K | 0.01% | +5,658 | New |
| Legacy Wealth Managment, LLC | 5,237 | $31.3K | 0.02% | 00.0% | Unchanged |
| IFP Advisors, Inc | 5,222 | $31.2K | 0.00% | +5,222 | New |
| Rockefeller Capital Management L.P. | 5,178 | $31.0K | 0.00% | −7,592−59.5% | Reduced |
| Basepoint Wealth LLC | 3,671 | $22.0K | 0.01% | +3,671 | New |
| Pinnacle Wealth Planning Services, Inc. | 2,520 | $15.1K | 0.00% | +2,520 | New |
| Kilter Group LLC | 2,192 | $13.1K | 0.01% | +40+1.9% | Added |
| Byrne Asset Management LLC | 1,800 | $10.8K | 0.01% | 00.0% | Unchanged |
| US Bancorp | 1,775 | $10.6K | 0.00% | 00.0% | Unchanged |
| Assetmark, Inc | 1,500 | $8.97K | 0.00% | +1,500 | New |
| Steward Partners Investment Advisory, LLC | 1,261 | $7.54K | 0.00% | 00.0% | Unchanged |
| Flagship Harbor Advisors, LLC | 977 | $5.85K | 0.00% | +977 | New |
| Triumph Capital Management | 900 | $5.38K | 0.00% | +900 | New |
| Spire Wealth Management | 500 | $2.99K | 0.00% | 00.0% | Unchanged |
| Highline Wealth Partners LLC | 500 | $2.99K | 0.00% | +500 | New |
| CIBC Private Wealth Group, LLC | 419 | $2.51K | 0.00% | +7+1.7% | Added |
| Tower Research Capital LLC (TRC) | 409 | $2.45K | 0.00% | +409 | New |
| Sound Income Strategies, LLC | 382 | $2.41K | 0.00% | 00.0% | Unchanged |
| Caldwell Sutter Capital, Inc. | 285 | $1.70K | 0.00% | 00.0% | Unchanged |
| Gables Capital Management Inc. | 269 | $1.61K | 0.00% | 00.0% | Unchanged |
| SHP Wealth Management | 211 | $1.26K | 0.00% | +211 | New |
| Keating Financial Advisory Services, Inc. | 164 | $981 | 0.00% | +164 | New |
| Inlight Wealth Management, LLC | 159 | $951 | 0.00% | −1−0.6% | Reduced |
| Mountain Hill Investment Partners Corp. | 123 | $734 | 0.00% | +2+1.7% | Added |
| Cedar Mountain Advisors, LLC | 82 | $490 | 0.00% | 00.0% | Unchanged |
| Sunrise Financial Services, LLC | 70 | $419 | 0.00% | +70 | New |
| MAI Capital Management | 59 | $353 | 0.00% | 00.0% | Unchanged |