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Equibles

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)
58 filings 51 filers

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Holders: 95
Total Value: $173,213,353
Total Shares: 30,335,096

Institutional Ownership Trend

25 quarters

Holder Concentration

Across 95 13F filers · Δ vs Dec 31, 2025
Top Holder
17.0%
Jun 2023 → Mar 2026 · range 12.5% – 21.0%
+1.2 pts
Top 5
60.8%
Jun 2023 → Mar 2026 · range 46.2% – 60.8%
+2.1 pts
Top 10
80.0%
Jun 2023 → Mar 2026 · range 65.7% – 80.0%
+1.0 pts
HHI
900
Jun 2023 → Mar 2026 · range 590 – 900
Broadly held +60

Quarterly Activity

vs Dec 31, 2025
New
5
Increased
30
Decreased
31
Sold Out
15
Unchanged
29
Holder count: -10
Institutional value: -2.4%
Shares held: +2.3%

Top Buyers

vs Dec 31, 2025
Institution Added Now Holds Open
Mid Saba Capital Management, L.P. +473,221 5,147,237
Mid NEXPOINT ASSET MANAGEMENT, L.P. +455,848 4,128,895
Small Thomas J. Herzfeld Advisors, Inc. +258,376 2,715,661
Micro Altium Capital Management LLC +134,009 277,068
Mega RAYMOND JAMES FINANCIAL INC +129,043 3,920,979

Top Sellers

vs Dec 31, 2025
Institution Sold Now Holds Open
Mega MORGAN STANLEY −278,543 2,544,393
Mid Geneos Wealth Management Inc. −255,673 672,800
Micro North Ground Capital −170,620 22,081
Mega JANE STREET GROUP, LLC −84,932 32,520
Large Marex Group plc −80,112 205,000

Top New Positions

vs Dec 31, 2025
Institution Acquired Value (USD) Open
Mid HARBOUR INVESTMENTS, INC. 142,243 $812,207
Mid B. Riley Wealth Advisors, Inc. 21,503 $122,782
Mid Advisory Services Network, LLC 7,458 $42,585
Large FIFTH THIRD BANCORP 6,156 $35,150
Micro Hamrick Investment Counsel, llc 250 $1,427

Top Sold-Out Positions

vs Dec 31, 2025
Institution Previously Held Last Value (USD) Open
Small MIdWestOne Financial Group, Inc. 36,578 $218,736
Mid HB Wealth Management, LLC 32,550 $194,649
Mega MILLENNIUM MANAGEMENT LLC 28,850 $172,523
Small Yakira Capital Management, Inc. 15,655 $93,616
Micro LifeWealth Investments, LLC 14,625 $87,457
Filter: New 5 Increased 30 Reduced 31 Sold out 15 Unchanged 29
Showing 95 of 95
All Common Calls Puts
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Holder Value (USD) % of 13F Shares Open
Mid Saba Capital Management, L.P. $29,390,723 16.97% 5,147,237
Mid NEXPOINT ASSET MANAGEMENT, L.P. $23,575,989 13.61% 4,128,895
Mega RAYMOND JAMES FINANCIAL INC $22,388,788 12.93% 3,920,979
Small Thomas J. Herzfeld Advisors, Inc. $15,506,424 8.95% 2,715,661
Mega MORGAN STANLEY $14,528,483 8.39% 2,544,393
Mega ENVESTNET ASSET MANAGEMENT INC $12,261,305 7.08% 2,147,339
Mega Invesco Ltd. $8,044,282 4.64% 1,408,806
Large Cambridge Investment Research Advisors, Inc. $5,515,169 3.18% 965,879
Mid Geneos Wealth Management Inc. $3,841,688 2.22% 672,800
Mega ROYAL BANK OF CANADA Bank $3,604,219 2.08% 631,212
Mega LPL Financial LLC $3,555,651 2.05% 622,706
Small Matisse Capital $3,523,070 2.03% 617,000
Mid OPPENHEIMER & CO INC $2,627,867 1.52% 460,222
Small Camelot Portfolios, LLC $1,810,424 1.05% 317,062
Micro Altium Capital Management LLC $1,582,058 0.91% 277,068
Micro Closed-End Fund Advisors, Inc. $1,343,700 0.78% 235,324
Mid CHOREO, LLC $1,244,563 0.72% 217,962
Large Marex Group plc $1,170,550 0.68% 205,000
Mid PARK AVENUE SECURITIES LLC Broker-Dealer $1,037,381 0.60% 181,678
Mid LANDSCAPE CAPITAL MANAGEMENT, L.L.C. $1,035,770 0.60% 181,396
Large NewEdge Advisors, LLC $949,675 0.55% 166,318
Micro Concorde Asset Management, LLC $948,944 0.55% 166,190
Micro Arlington Capital Management, Inc. $881,087 0.51% 154,306
Mid HARBOUR INVESTMENTS, INC. $812,207 0.47% 142,243
Mid IHT Wealth Management, LLC $802,706 0.46% 140,579
Small BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC $794,849 0.46% 139,203
Small Aristides Capital LLC $788,528 0.46% 138,096
Small NATIONS FINANCIAL GROUP INC, /IA/ /ADV $698,430 0.40% 122,317
Large HighTower Advisors, LLC $651,082 0.38% 114,025
Large Baird Financial Group, Inc. $649,249 0.37% 113,704
Large OSAIC HOLDINGS, INC. $631,200 0.36% 110,543
Micro GILPIN WEALTH MANAGEMENT, LLC $523,275 0.30% 91,642
Micro AEGON USA Investment Management, LLC $453,551 0.26% 79,431
Small Samalin Investment Counsel, LLC $441,885 0.26% 77,388
Large Calamos Advisors LLC $427,422 0.25% 74,855
Large Creative Planning $391,409 0.23% 68,548
Small Ariadne Wealth Management, LP $302,059 0.17% 52,900
Large Cetera Investment Advisers $291,872 0.17% 51,116
Small Papamarkou Wellner Asset Management inc. $256,950 0.15% 45,000
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP $212,748 0.12% 37,259
Large MERCER GLOBAL ADVISORS INC /ADV $204,595 0.12% 35,831
Large Kestra Advisory Services, LLC $201,477 0.12% 35,285
Micro INTEGRATED CAPITAL MANAGEMENT, INC. $193,945 0.11% 33,966
Mega JANE STREET GROUP, LLC $185,688 0.11% 32,520
Small CSS LLC/IL $185,666 0.11% 32,516
Mid EVOLVE PRIVATE WEALTH, LLC $178,231 0.10% 31,214
Large Mariner, LLC $172,738 0.10% 30,252
Small Abel Hall, LLC $171,300 0.10% 30,000
Small MELFA WEALTH MANAGEMENT, INC. $166,360 0.10% 29,135
Mid INDEPENDENT FINANCIAL GROUP, LLC $163,477 0.09% 28,630
Micro North Ground Capital $126,082 0.07% 22,081
Mid B. Riley Wealth Advisors, Inc. $122,782 0.07% 21,503
Small Keystone Wealth Services, LLC $121,794 0.07% 21,330
Large Janney Montgomery Scott LLC $115,770 0.07% 20,275
Mid XTX Topco Ltd $114,131 0.07% 19,988
Mega UBS Group AG $106,479 0.06% 18,648
Small One Charles Private Wealth Services, LLC $98,486 0.06% 17,248
Large MML INVESTORS SERVICES, LLC $93,261 0.05% 16,333
Mega CITADEL ADVISORS LLC $88,870 0.05% 15,564
Small Capital Investment Advisory Services, LLC $73,521 0.04% 12,876
Mid STEPHENS INC /AR/ $72,762 0.04% 12,743
Large COMMONWEALTH EQUITY SERVICES, LLC $71,523 0.04% 12,526
Mid U.S. Capital Wealth Advisors, LLC $68,771 0.04% 12,044
Small Koshinski Asset Management, Inc. $66,378 0.04% 11,625
Small Bulldog Investors, LLP $61,182 0.04% 10,715
Small NWF Advisory Services Inc. $59,384 0.03% 10,400
Small CHANNEL WEALTH LLC $57,522 0.03% 10,074
Small K2 PRINCIPAL FUND, L.P. $57,288 0.03% 10,033
Large Rockefeller Capital Management L.P. $50,806 0.03% 8,898
Mega WELLS FARGO & COMPANY/MN $44,817 0.03% 7,849
Mid Advisory Services Network, LLC $42,585 0.02% 7,458
Large FIFTH THIRD BANCORP Bank $35,150 0.02% 6,156
Micro Legacy Wealth Managment, LLC/ID $29,903 0.02% 5,237
Mid IFP Advisors, Inc $22,937 0.01% 4,017
Small Basepoint Wealth LLC $20,961 0.01% 3,671
Small Triumph Capital Management $14,846 0.01% 2,600
Micro Kilter Group LLC $12,670 0.01% 2,219
Small Byrne Asset Management LLC $10,278 0.01% 1,800
Large US BANCORP \DE\ Bank $10,135 0.01% 1,775
Large Steward Partners Investment Advisory, LLC $7,200 0.00% 1,261
Mid Spire Wealth Management $2,855 0.00% 500
Small HIGHLINE WEALTH PARTNERS LLC $2,683 0.00% 470
Small CALDWELL SUTTER CAPITAL, INC. $1,627 0.00% 285
Small GABLES CAPITAL MANAGEMENT INC. $1,535 0.00% 269
Micro Hamrick Investment Counsel, llc $1,427 0.00% 250
Small SHP Wealth Management $1,204 0.00% 211
Small Keating Financial Advisory Services, Inc. $936 0.00% 164
Small Mountain Hill Investment Partners Corp. $713 0.00% 125
Micro Cedar Mountain Advisors, LLC $468 0.00% 82
Micro Sunrise Financial Services, LLC $399 0.00% 70
Mid MAI Capital Management $336 0.00% 59
Mega FMR LLC $131 0.00% 23
Small Strategic Wealth Partners, Ltd. $34 0.00% 6
Small Vision Retirement, LLC Pension $17 0.00% 3
Small AdvisorNet Financial, Inc $5 0.00% 1

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