HFRO

Highland Opportunities & Income Fund

Company with tickers: HFRO, HFRO-PA, HFRO-PB

CIK

1710680

CUSIP

43010E404

Shares Outstanding

55,406,502

13F Activity (30d)

24 filings 4 filers

Portfolio holdings reported by registered funds to the SEC on Form N-PORT — the individual securities a fund owns. Only mutual funds, ETFs and closed-end funds file N-PORT, so operating companies show no data.

Highland Opportunities and Income Fund

Reported 2026-03-31

Net Assets

$626,809,604

Total Assets

$872,679,110

Holdings

Filed

2026-06-01

Holding	CUSIP	Balance	Units	Value	% Net Assets	Category	Country
—	933DXD000	116,277,473	NS	$97,471,801	15.55%	EC	US
—	—	2,513,991	NS	$71,502,752	11.41%	EC	US
—	—	104,718,416	NS	$68,164,149	10.87%	EC	US
—	—	4,869,446	NS	$67,294,050	10.74%	EC	US
—	—	994	NS	$60,675,412	9.68%	EC	US
NEXPOINT REAL ESTATE FINANCE, INC.	65342V101	4,372,286	NS	$58,894,690	9.40%	EC	US
TRQ PLANO, LLC	—	55,000,000	PA	$48,620,000	7.76%	LON	US
—	—	45,000,000	PA	$44,010,000	7.02%	DBT	US
—	—	43,121,364	PA	$31,784,757	5.07%	DBT	US
—	430101576	1,036,128	NS	$25,229,722	4.03%	EC	US
—	—	23,310,000	PA	$23,294,212	3.72%	DBT	US
—	—	12,026,660	NS	$21,864,468	3.49%	EC	US
—	—	20,284,335	PA	$20,284,335	3.24%	DBT	US
—	—	15,000,000	PA	$16,480,500	2.63%	DBT	US
—	—	453,675	NS	$14,263,556	2.28%	EC	US
MIDWAVE WIRELESS	—	12,750,823	PA	$12,673,043	2.02%	LON	US
—	—	12,224,765	PA	$12,224,765	1.95%	DBT	US
—	—	27,134	NS	$11,707,507	1.87%	EC	US
—	—	3,440,476	NS	$9,942,976	1.59%	EC	US
—	—	16,103	NS	$9,311,169	1.49%	EC	US
—	44988Q106	2,006,665	NS	$8,387,860	1.34%	EC	US
—	—	2,361,111	NS	$8,240,277	1.31%	EC	US
NEXPOINT DIVERSIFIED REAL ESTATE TRUST	65340G205	1,559,149	NS	$7,281,226	1.16%	EC	US
—	—	6,383,153	PA	$6,383,153	1.02%	DBT	US
LAKE AT LAS VEGAS	50202LAB0	6,718,797	PA	$6,248,481	1.00%	LON	US
—	—	6,500,000	PA	$6,207,500	0.99%	DBT	US
—	—	5,852,170	PA	$5,852,170	0.93%	DBT	US
—	261908107	5,496,213	PA	$5,496,213	0.88%	STIV	US
NEXPOINT RESIDENTIAL TRUST, INC.	65341D102	213,700	NS	$5,342,500	0.85%	EC	US
—	—	6,400,000	PA	$4,717,440	0.75%	DBT	US
SOUTH STREET SECURITIES FUNDING LLC	84046SAF5	4,000,000	PA	$3,920,000	0.63%	DBT	US
NEXPOINT REAL ESTATE FINANCE, INC.	65342V408	150,977	NS	$3,442,276	0.55%	EP	US
—	—	3,000,000	PA	$3,296,100	0.53%	DBT	US
—	—	270,246	NS	$3,199,713	0.51%	EP	US
—	003CVR016	1,800,000	NS	$2,700,000	0.43%	EC	US
TALOS ENERGY INC.	87484T108	139,112	NS	$2,192,405	0.35%	EC	US
—	—	34,512	NS	$2,056,220	0.33%	EC	US
MidWave Wireless, Inc. Tranche K Loan	—	1,919,354	PA	$1,907,646	0.30%	LON	US
—	—	144,132	NS	$1,847,772	0.29%	EP	US
NORTHWOODS CAPITAL LIMITED	66858EAC7	4,000,000	PA	$1,600,000	0.26%	ABS-CBDO	KY
BRAEMAR HOTELS & RESORTS INC.	10482B200	100,000	NS	$1,454,000	0.23%	EP	US
SARANAC CLO LIMITED	803166AG2	3,293,223	PA	$1,330,462	0.21%	ABS-CBDO	JE
WHEELER REAL ESTATE INVESTMENT TRUST, INC.	963025309	82,301	NS	$571,992	0.09%	EP	US
MP CLO LTD	55320TAD5	6,728,582	PA	$554,435	0.09%	ABS-CBDO	KY
CIFC FUNDING LTD	12549WAE2	3,324,756	PA	$547,920	0.09%	ABS-MBS	KY
—	003CVR016	360,000	NS	$540,000	0.09%	EC	US
CIFC FUNDING LTD	12550BAE4	2,000,000	PA	$530,000	0.08%	ABS-MBS	KY
OZLM FUNDING LTD	67111XAC6	3,418,727	PA	$341,873	0.05%	ABS-CBDO	KY
MidWave Wireless, Inc. Tranche J Loan	—	258,335	PA	$256,759	0.04%	LON	US
CITADEL SECURITIES LLC	—	226,000	PA	$226,000	0.04%	RA	US

Showing 1–50 of 63 holdings