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, Q1 2026
Institutional positions in Highland Opportunities & Income Fund as of Mar 31, 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
- 95
- −7 vs. Q4 2025
- Shares held
- 30.3M
- +715.1K (+2.4%) vs. Q4 2025
- Total value
- $173.2M
- −$3.95M (−2.2%) vs. Q4 2025
- New holders
- 5
- 30 more added
- Sold out
- 12
- 31 more reduced
3 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Highland Opportunities & Income Fund; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 5,147,237 | $29.4M | 0.94% | +473,221+10.1% | Added |
| Highland Capital Management Fund Advisors, L.P. | 4,128,895 | $23.6M | 1.65% | +455,848+12.4% | Added |
| Raymond James Financial Inc | 3,920,979 | $22.4M | 0.01% | +129,043+3.4% | Added |
| Thomas J. Herzfeld Advisors, Inc. | 2,715,661 | $15.5M | 5.27% | +258,376+10.5% | Added |
| Morgan Stanley | 2,544,393 | $14.5M | 0.00% | −278,543−9.9% | Reduced |
| Envestnet Asset Management Inc | 2,147,339 | $12.3M | 0.00% | +46,544+2.2% | Added |
| Invesco Ltd. | 1,408,806 | $8.04M | 0.00% | +41,052+3.0% | Added |
| Cambridge Investment Research Advisors, Inc. | 965,879 | $5.51M | 0.01% | +15,818+1.7% | Added |
| Geneos Wealth Management Inc. | 672,800 | $3.84M | 0.09% | −255,673−27.5% | Reduced |
| Royal Bank of Canada | 631,212 | $3.60M | 0.00% | −36,389−5.5% | Reduced |
| LPL Financial LLC | 622,706 | $3.56M | 0.00% | −13,761−2.2% | Reduced |
| Matisse Capital | 617,000 | $3.52M | 1.51% | 00.0% | Unchanged |
| Oppenheimer & Co Inc | 460,222 | $2.63M | 0.03% | +10,432+2.3% | Added |
| Camelot Portfolios, LLC | 317,062 | $1.81M | 1.36% | −36,540−10.3% | Reduced |
| Altium Capital Management LP | 277,068 | $1.58M | 3.76% | +134,009+93.7% | Added |
| Closed-End Fund Advisors, Inc. | 235,324 | $1.34M | 1.37% | +188+0.1% | Added |
| RSM US Wealth Management LLC | 217,962 | $1.24M | 0.02% | −12,668−5.5% | Reduced |
| Marex Group plc | 205,000 | $1.17M | 0.01% | −80,112−28.1% | Reduced |
| Park Avenue Securities LLC | 181,678 | $1.04M | 0.01% | −2,943−1.6% | Reduced |
| Landscape Capital Management, L.L.C. | 181,396 | $1.04M | 0.07% | 00.0% | Unchanged |
| GWM Advisors LLC | 166,318 | $949.7K | 0.00% | +35,692+27.3% | Added |
| Concorde Asset Management, LLC | 166,190 | $948.9K | 0.47% | +26,730+19.2% | Added |
| Arlington Capital Management, Inc. | 154,306 | $881.1K | 0.50% | +3,101+2.1% | Added |
| Harbour Investments, Inc. | 142,243 | $812.2K | 0.01% | +142,243 | New |
| IHT Wealth Management, LLC | 140,579 | $802.7K | 0.02% | −7,074−4.8% | Reduced |
| Blue Bell Private Wealth Management, LLC | 139,203 | $794.8K | 0.11% | +12,302+9.7% | Added |
| Aristides Capital LLC | 138,096 | $788.5K | 0.26% | +4,600+3.4% | Added |
| Nations Financial Group Inc, | 122,317 | $698.4K | 0.04% | 00.0% | Unchanged |
| HighTower Advisors, LLC | 114,025 | $651.1K | 0.00% | −4,640−3.9% | Reduced |
| Baird Financial Group, Inc. | 113,704 | $649.3K | 0.00% | +17,113+17.7% | Added |
| Advisor Group Holdings, Inc. | 110,543 | $631.3K | 0.00% | +4,402+4.1% | Added |
| Gilpin Wealth Management, LLC | 91,642 | $523.3K | 0.41% | +686+0.8% | Added |
| AEGON USA Investment Management, LLC | 79,431 | $453.6K | 0.35% | −8,737−9.9% | Reduced |
| Samalin Investment Counsel, LLC | 77,388 | $441.9K | 0.16% | −6,668−7.9% | Reduced |
| Calamos Advisors LLC | 74,855 | $427.4K | 0.00% | +32,079+75.0% | Added |
| Creative Planning | 68,548 | $391.4K | 0.00% | +22,560+49.1% | Added |
| Ariadne Wealth Management, LP | 52,900 | $302.1K | 0.14% | +100.0% | Added |
| Cetera Investment Advisers | 51,116 | $291.9K | 0.00% | −4,449−8.0% | Reduced |
| Papamarkou Wellner Asset Management inc. | 45,000 | $256.9K | 0.16% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 37,259 | $212.7K | 0.00% | −40,266−51.9% | Reduced |
| Mercer Global Advisors Inc | 35,831 | $204.6K | 0.00% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 35,285 | $201.5K | 0.00% | +1,108+3.2% | Added |
| Integrated Capital Management, Inc. | 33,966 | $193.9K | 0.13% | −5,392−13.7% | Reduced |
| Jane Street Group, LLC | 32,520 | $185.7K | 0.00% | −84,932−72.3% | Reduced |
| CSS LLC | 32,516 | $185.7K | 0.01% | 00.0% | Unchanged |
| Evolve Private Wealth, LLC | 31,214 | $178.2K | 0.01% | −223−0.7% | Reduced |
| Mariner, LLC | 30,252 | $172.7K | 0.00% | −321−1.0% | Reduced |
| Abel Hall, LLC | 30,000 | $171.3K | 0.04% | +10,000+50.0% | Added |
| Melfa Wealth Management, LLC | 29,135 | $166.4K | 0.10% | 00.0% | Unchanged |
| Independent Financial Group, LLC | 28,630 | $163.5K | 0.00% | +272+1.0% | Added |
| CF Capital LLC | 22,081 | $126.1K | 0.15% | −170,620−88.5% | Reduced |
| Keystone Wealth Services, LLC | 21,330 | $121.8K | 0.03% | +405+1.9% | Added |
| National Asset Management, Inc. | 21,503 | $118.7K | 0.01% | +21,503 | New |
| Janney Montgomery Scott LLC | 20,275 | $116.0K | 0.00% | −4,184−17.1% | Reduced |
| XTX Topco Ltd | 19,988 | $114.1K | 0.00% | −17,866−47.2% | Reduced |
| UBS Group AG | 18,648 | $106.5K | 0.00% | −310−1.6% | Reduced |
| One Charles Private Wealth Services, LLC | 17,248 | $98.5K | 0.02% | 00.0% | Unchanged |
| MML Investors Services, LLC | 16,333 | $93.3K | 0.00% | −3,370−17.1% | Reduced |
| Citadel Advisors LLC | 15,564 | $88.9K | 0.00% | −4,482−22.4% | Reduced |
| Capital Investment Advisory Services, LLC | 12,876 | $73.5K | 0.01% | −483−3.6% | Reduced |
| Stephens Inc | 12,743 | $72.8K | 0.00% | 00.0% | Unchanged |
| Commonwealth Equity Services, LLC | 12,526 | $71.5K | 0.00% | −1,024−7.6% | Reduced |
| U.S. Capital Wealth Advisors, LLC | 12,044 | $68.8K | 0.00% | −783−6.1% | Reduced |
| Koshinski Asset Management, Inc. | 11,625 | $66.4K | 0.00% | 00.0% | Unchanged |
| Bulldog Investors, LLP | 10,715 | $61.2K | 0.01% | 00.0% | Unchanged |
| NWF Advisory Services Inc. | 10,400 | $59.4K | 0.01% | −10,300−49.8% | Reduced |
| Channel Wealth LLC | 10,074 | $57.5K | 0.01% | −4,142−29.1% | Reduced |
| K2 Principal Fund, L.P. | 10,033 | $57.3K | 0.01% | 00.0% | Unchanged |
| Rockefeller Capital Management L.P. | 8,898 | $50.8K | 0.00% | +3,720+71.8% | Added |
| Wells Fargo & Company | 7,849 | $44.8K | 0.00% | +7,847+392,350.0% | Added |
| Advisory Services Network, LLC | 7,458 | $42.6K | 0.00% | +7,458 | New |
| Fifth Third Bancorp | 6,156 | $35.2K | 0.00% | +6,156 | New |
| Legacy Wealth Managment, LLC | 5,237 | $29.9K | 0.01% | 00.0% | Unchanged |
| IFP Advisors, Inc | 4,017 | $22.9K | 0.00% | −1,205−23.1% | Reduced |
| Basepoint Wealth LLC | 3,671 | $21.0K | 0.01% | 00.0% | Unchanged |
| Triumph Capital Management | 2,600 | $14.8K | 0.00% | +1,700+188.9% | Added |
| Kilter Group LLC | 2,219 | $12.7K | 0.01% | +27+1.2% | Added |
| Byrne Asset Management LLC | 1,800 | $10.3K | 0.01% | 00.0% | Unchanged |
| US Bancorp | 1,775 | $10.1K | 0.00% | 00.0% | Unchanged |
| Steward Partners Investment Advisory, LLC | 1,261 | $7.20K | 0.00% | 00.0% | Unchanged |
| Spire Wealth Management | 500 | $2.85K | 0.00% | 00.0% | Unchanged |
| Highline Wealth Partners LLC | 470 | $2.68K | 0.00% | −30−6.0% | Reduced |
| Caldwell Sutter Capital, Inc. | 285 | $1.63K | 0.00% | 00.0% | Unchanged |
| Gables Capital Management Inc. | 269 | $1.54K | 0.00% | 00.0% | Unchanged |
| Hamrick Investment Counsel, llc | 250 | $1.43K | 0.00% | +250 | New |
| SHP Wealth Management | 211 | $1.21K | 0.00% | 00.0% | Unchanged |
| Keating Financial Advisory Services, Inc. | 164 | $936 | 0.00% | 00.0% | Unchanged |
| Mountain Hill Investment Partners Corp. | 125 | $715 | 0.00% | +2+1.6% | Added |
| Cedar Mountain Advisors, LLC | 82 | $468 | 0.00% | 00.0% | Unchanged |
| Sunrise Financial Services, LLC | 70 | $400 | 0.00% | 00.0% | Unchanged |
| MAI Capital Management | 59 | $337 | 0.00% | 00.0% | Unchanged |
| FMR LLC | 23 | $131 | 0.00% | 00.0% | Unchanged |
| Strategic Wealth Partners, Ltd. | 6 | $34 | 0.00% | 00.0% | Unchanged |
| Vision Retirement, LLC | 3 | $15 | 0.00% | 00.0% | Unchanged |
| AdvisorNet Financial, Inc | 1 | $8 | 0.00% | 00.0% | Unchanged |
| HB Wealth Management, LLC | 0 | $0 | 0.00% | −32,550−100.0% | Sold out |
| Millennium Management LLC | 0 | $0 | 0.00% | −28,850−100.0% | Sold out |
| Yakira Capital Management, Inc. | 0 | $0 | 0.00% | −15,655−100.0% | Sold out |
| LifeWealth Investments, LLC | 0 | $0 | 0.00% | −14,625−100.0% | Sold out |
| Nomura Holdings Inc | 0 | $0 | 0.00% | −10,000−100.0% | Sold out |