HGLB · Highland Global Allocation Fund · Holdings

$6.53 +0.00 (+0.00%)

Market Cap

$154.05M

23.59M

Volume · Oct 20 98.6K Avg daily vol (3M) 89.36K

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.

Use institutional holdings through the 13F API or MCP → See every holder of HGLB: 13F, 13D and 13G, insiders and funds →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 42

Total Value: $46,302,267

Total Shares: 6,225,928

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 42 13F filers

Top Holder

34.4%

of institutional value

Top 5

71.8%

of institutional value

Top 10

86.7%

of institutional value

HHI

1,606

Moderately concentrated

Who Holds HGLB

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 42 filers, like-for-like change +1.5%; actively managed books +0.5%; index-like books +8.1%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	29.8%	22	+36.7%	4	0
Exempt adviser	3.1%	1	+6.7%	0	0
Bank	1.0%	3	-54.6%	0	1
Broker-dealer	8.4%	1	-37.1%	0	0
Holding company	16.3%	2	-3.1%	0	0
Unknown	41.3%	13	-0.3%	3	2

Style	Share	Filers	Change	New	Exited
Index-like	12.8%	1	+8.1%	0	0
Systematic-like	3.9%	3	new	3	0
Concentrated	5.8%	6	-2.4%	1	1
Diversified active	77.5%	32	-4.1%	3	2
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	72.1%	26	-11.9%	2	3
Medium turnover	20.6%	7	+42.4%	0	0
High turnover	5.3%	6	+901.2%	4	0
Unknown	2.0%	3	+374.6%	1	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	2.5%	4	+208.6%	1	0
Medium horizon	40.2%	5	-7.6%	0	0
Long horizon	37.8%	29	-12.6%	4	3
Unknown	19.5%	4	+98.6%	2	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	26.5%	13	+29.0%	2	0
$1B to $10B	7.2%	10	+120.7%	2	1
$10B to $100B	7.9%	9	-20.4%	1	0
$100B or more	58.4%	10	-9.4%	2	2
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	18.0%	18	+23.0%	2	0
Pooled investment vehicles	3.4%	2	new	2	0
Pension and profit sharing plans	8.1%	1	+18.5%	0	0
Diversified	0.3%	1	-5.5%	0	0
Registered funds and BDCs	0.0%	0	—	0	0
Unknown	70.2%	20	-8.8%	3	3

Private funds	Share	Filers	Change	New	Exited
Hedge funds	15.0%	5	+47.8%	2	0
Private equity funds	0.3%	1	-5.5%	0	0
Other private funds	0.1%	1	0.0%	0	0
No private funds	17.5%	16	+23.9%	2	0
Unknown	67.0%	19	-9.4%	3	3

Location	Share	Filers	Change	New	Exited
United States	95.4%	38	+1.3%	6	3
Outside the US	4.6%	4	+4.8%	1	0

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F and 1 holder with no observed 2026-06-30 13F.

Conviction and Crowding

42 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.003%

Mar 31, 2026: 0

Crowding

—

no cover-page share count is dated within about a year of the quarter end

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

no cover-page share count is dated within about a year of the quarter end

Top 10 holders

86.7%

of 13F shares, Herfindahl 0.161

Active holders

+0.5%

like-for-like share change of active filers

5% stakes on record

0 13D, 1 13G (1 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 12.8 quarters

Under 1 year 16.5% 1 to 3 years 42.3% 3 years or more 41.3% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$8.30

estimated per share

Mar 31, 2026: $8.45

Quarter-end price

$7.52

implied by 13F values

Estimated gain or loss

-9.3%

price against the estimated cost

Estimated at a loss

100.0%

of costed 13F value

Estimated cost covers 33.4% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of HGLB by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.00%	0.00 pp	0	0
Index ETFs	0.00%	0.00 pp	0	0
Active ETFs	0.00%	0.00 pp	0	0
Active funds	1.64%	+0.17 pp	387,916	4
Unclassified	0.00%	0.00 pp	0	0
All registered funds	1.64%	+0.17 pp	387,916	4

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 22 Exempt adviser 1 Bank 3 Broker-dealer 1 Holding company 2 Unknown 13

Showing 42 of 42

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

RAYMOND JAMES FINANCIAL INC

$16,732,940

36.14%

2,225,125

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	2,225,125	$16,732,940	100.0%	Defined

MORGAN STANLEY

$6,212,828

13.42%

826,174

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	826,174	$6,212,828	100.0%	Defined

LPL Financial LLC

$4,108,619

8.87%

546,359

Matisse Capital

$3,948,000

8.53%

525,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	175,000	$1,316,000	33.3%	Other
Held directly	350,000	$2,632,000	66.7%	Sole

Shaker Financial Services, LLC

$2,767,690

5.98%

419,347

OSAIC HOLDINGS, INC.

$1,725,606

3.73%

229,469

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	229,469	$1,725,606	100.0%	Defined

Quantedge Capital Pte Ltd

$1,515,934

3.27%

201,587

LANDSCAPE CAPITAL MANAGEMENT, L.L.C.

$1,512,240

3.27%

201,096

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Landscape High Leverage Fund, LP	37,384	$281,127	18.6%	Defined
LANDSCAPE OFFSHORE HL FUND LTD.	104,214	$783,689	51.8%	Defined
Held directly	59,498	$447,424	29.6%	Sole

NewEdge Advisors, LLC

$1,277,911

2.76%

169,935

Sovereign Financial Group, Inc.

$852,700

1.84%

113,391

Advisory Solutions Group, LLC

$711,915

1.54%

107,866

OPPENHEIMER & CO INC

$679,823

1.47%

90,402

JANE STREET GROUP, LLC

$481,076

1.04%

63,973

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	63,973	$481,076	100.0%	Defined

UBS Group AG

$360,960

0.78%

48,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	48,000	$360,960	100.0%	Defined

Capital Investment Advisors, LLC

$301,882

0.65%

40,144

Summit Financial, LLC

$274,480

0.59%

36,500

XTX Topco Ltd

$233,014

0.50%

30,986

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	30,986	$233,014	100.0%	Defined

WEDBUSH SECURITIES INC

$206,664

0.45%

27,482

NWF Advisory Services Inc.

$189,420

0.41%

28,700

Cetera Investment Advisers

$184,006

0.40%

24,469

Kapstone Financial Advisors LLC

$176,381

0.38%

23,455

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

$174,381

0.38%

23,189

AQR CAPITAL MANAGEMENT LLC

$168,711

0.36%

22,435

HB Wealth Management, LLC

$168,711

0.36%

22,435

Cambridge Investment Research Advisors, Inc.

$160,296

0.35%

21,316

CITADEL ADVISORS LLC

$141,646

0.31%

18,836

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	18,836	$141,646	100.0%	Defined

Virtu Financial LLC

$129,035

0.28%

17,159

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	17,159	$129,035	100.0%	Defined

ROYAL BANK OF CANADA

$108,190

0.23%

14,387

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	14,387	$108,190	100.0%	Defined

Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors

$106,084

0.23%

14,107

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$97,376

0.21%

12,949

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
G1 EXECUTION SERVICES, LLC	12,949	$97,376	100.0%	Other

Integrated Wealth Concepts LLC

$94,225

0.20%

12,530

Concorde Asset Management, LLC

$90,240

0.19%

12,000

INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC

$89,518

0.19%

11,904

AE Wealth Management LLC

$86,953

0.19%

11,563

BENJAMIN EDWARDS INC

$83,810

0.18%

11,145

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BENJAMIN F. EDWARDS & COMPANY, INC.	11,145	$83,810	100.0%	Defined

Rockefeller Capital Management L.P.

$67,770

0.15%

9,012

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	9,012	$67,770	100.0%	Defined

CoreCap Advisors, LLC

$35,541

0.08%

5,385

Godfrey Financial Associates, Inc.

$24,086

0.05%

3,203

NBC SECURITIES, INC.

$15,543

0.03%

2,067

Pinnacle Wealth Planning Services, Inc.

$3,910

0.01%

520

HIGHLINE WEALTH PARTNERS LLC

$2,145

0.00%

325

WELLS FARGO & COMPANY/MN

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	1	$7	100.0%	Defined

Key facts CIK 1622148 CUSIP 43010T104 13F (30d) 5 filings 5 filers