Vault-13

HIGHLAND OPPORTUNITIES HFRO

HIGHLAND INCOME · Closed-End Fund · CUSIP 43010E404

102 institutional holders -6 vs Q1 2024
30,845,36330.8m shares reported held*
$192.7mreported value*
10 new 44 added 25 reduced 19 sold out net sold ≈ $35.6m (-5.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $6.25.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 95Q4 22: 102Q1 23: 100Q2 23: 98Q3 23: 107Q4 23: 106Q1 24: 108Q2 24: 102102Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202295
Q4 2022102
Q1 2023100
Q2 202398
Q3 2023107
Q4 2023106
Q1 2024108
Q2 2024102

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 52 bought or addedQ4 22: 35 cut or sold outQ4 22Q1 23: 49 bought or addedQ1 23: 42 cut or sold outQ2 23: 46 bought or addedQ2 23: 41 cut or sold outQ2 23Q3 23: 54 bought or addedQ3 23: 33 cut or sold outQ4 23: 53 bought or addedQ4 23: 41 cut or sold outQ4 23Q1 24: 61 bought or addedQ1 24: 42 cut or sold outQ2 24: 54 bought or addedQ2 24: 44 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20225235
Q1 20234942
Q2 20234641
Q3 20235433
Q4 20235341
Q1 20246142
Q2 20245444

Biggest buyers

Atlas Wealth LLC New +1,139,336+1.1m
RAYMOND JAMES & ASSOCIATES Added +640,520+640.5k
Camelot Portfolios, LLC Added +196,210+196.2k
ENVESTNET ASSET MANAGEMENT INC Added +181,784+181.8k
Cambridge Investment Research Advisors, Inc. Added +157,880+157.9k
Aristides Capital LLC Added +134,616+134.6k
Thomas J. Herzfeld Advisors, Inc. Added +134,393+134.4k
ROYAL BANK OF CANADA Added +122,093+122.1k
AEGON USA Investment Management, LLC Added +70,016+70.0k
Private Capital Management, LLC New +59,900+59.9k

Biggest sellers

MORGAN STANLEY Reduced -7,512,838-7.5m
Amundi Sold out -367,181-367.2k
WELLS FARGO & COMPANY/MN Reduced -209,663-209.7k
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC Sold out -146,335-146.3k
AQR Arbitrage LLC Sold out -134,122-134.1k
LPL Financial LLC Reduced -109,559-109.6k
OSAIC HOLDINGS, INC. Reduced -85,866-85.9k
Qube Research & Technologies Ltd Sold out -84,179-84.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -72,182-72.2k
Eschler Asset Management LLP Sold out -55,000-55.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Saba Capital Management, L.P. 13D · may seek influence +1.1 pts · filed 2026-06-04
Stated purposeNot Applicable. Full filing
 10.5% +1.1 pts 5.8m≈ $41.3m 2026-06-04
DONDERO JAMES D 13D · may seek influence +1.1 pts · filed 2026-07-29 9.6% +1.1 pts 5.2m≈ $37.2m 2026-07-29
MORGAN STANLEY 13G · institution -1.2 pts · filed 2026-02-11 5.1% -1.2 pts 2.8m≈ $20.1m 2026-02-11
Thomas J. Herzfeld Advisors, Inc. 13G · institution new · filed 2025-10-29 5.0% new 2.8m≈ $19.9m 2025-10-29

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 1 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20220—0——
Q4 20220—1$8.6k—
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,677,4443.7m $23.0m $23.0m 0.00% Reduced -7.5m -7,512,838
2 Thomas J. Herzfeld Advisors, Inc. 7.17% of their portfolio MIAMI BEACH, FL 3,270,1913.3m $20.4m $20.4m 7.17% Added +134.4k +134,393
3 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 3,218,3083.2m $20.1m $20.1m 0.01% Added +640.5k +640,520
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,202,1612.2m $13.8m $13.8m 0.00% Added +122.1k +122,093
5 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 1,833,4901.8m $11.5m $11.5m 0.00% Added +181.8k +181,784
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,807,2121.8m $11.3m $11.3m 0.00% Added +39.3k +39,332
7 Penserra Capital Management LLC 0.09% of their portfolio ORINDA, CA 1,151,9781.2m $7.2m $7.2m 0.09% Added +25.6k +25,603
8 Atlas Wealth LLC 0.82% of their portfolio CINCINNATI, OH 1,139,3361.1m $7.0m $7.0m 0.82% New
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 1,138,5611.1m $7.1m $7.1m 0.00% Reduced -109.6k -109,559
10 NEXPOINT ASSET MANAGEMENT, L.P. 0.82% of their portfolio Dallas, TX 990,654990.7k $6.2m $6.2m 0.82% Reduced -7.9k -7,857
11 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 986,652986.7k $6.2m $6.2m 0.02% Added +157.9k +157,880
12 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.48% of their portfolio Englewood, NJ 915,879915.9k $5.7m $5.7m 0.48% Reduced -53.8k -53,751
13 OPPENHEIMER & CO INC 0.07% of their portfolio NEW YORK, NY 688,010688.0k $4.3m $4.3m 0.07% Reduced -9.1k -9,133
14 Camelot Portfolios, LLC 2.06% of their portfolio Maumee, OH 582,663582.7k $3.6m $3.6m 2.06% Added +196.2k +196,210
15 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 511,127511.1k $3.2m $3.2m 0.01% Reduced -72.2k -72,182
16 IHT Wealth Management, LLC 0.11% of their portfolio Chicago, IL 488,393488.4k $3.1m $3.1m 0.11% Reduced -23.2k -23,222
17 Bulldog Investors, LLP 1.08% of their portfolio SADDLE BROOK, NJ 464,495464.5k $2.9m $2.9m 1.08% Reduced -3.5k -3,498
18 Matisse Capital 1.35% of their portfolio PORTLAND, OR 435,000435.0k $2.7m $2.7m 1.35% Added +25.0k +25,000
19 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 429,984430.0k $2.7m $2.7m 0.00% Added +4.6k +4,561
20 Geneos Wealth Management Inc. 0.11% of their portfolio ENGLEWOOD, CO 402,134402.1k $2.5m $2.5m 0.11% Added +8.4k +8,376
21 CHOREO, LLC 0.04% of their portfolio ROCKFORD, IL 382,914382.9k $2.4m $2.4m 0.04% Added +55.3k +55,277
22 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.19% of their portfolio CEDAR RAPIDS, IA 374,510374.5k $2.3m $2.3m 0.19% Unchanged
23 Alpine Global Management, LLC 0.33% of their portfolio NEW YORK, NY 300,000300.0k $1.9m $1.9m 0.33% Reduced -2.1k -2,072
24 Aristides Capital LLC 0.35% of their portfolio LOUISVILLE, KY 269,232269.2k $1.7m $1.7m 0.35% Added +134.6k +134,616
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 230,710230.7k $1.4m $1.4m 0.00% Reduced -85.9k -85,866
26 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 217,704217.7k $1.4m $1.4m 0.02% Added +39.4k +39,355
27 BOKF, NA 0.02% of their portfolio TULSA, OK 206,308206.3k $1.3m $1.3m 0.02% Reduced -3.1k -3,129
28 NWF Advisory Services Inc. 0.15% of their portfolio Los Angeles, CA 150,550150.6k $940.9k $940.9k 0.15% Added +55.1k +55,100
29 AEGON USA Investment Management, LLC 0.72% of their portfolio CEDAR RAPIDS, IA 144,949144.9k $905.9k $905.9k 0.72% Added +70.0k +70,016
30 Sage Capital Management, LLC 0.39% of their portfolio Stockton, NJ 117,941117.9k $737.1k $737.1k 0.39% Reduced -29.7k -29,663
31 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.08% of their portfolio NEWPORT BEACH, CA 104,786104.8k $654.9k $654.9k 0.08% Added +54.2k +54,227
32 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 100,050100.0k $625.3k $625.3k 0.02% Added +45.0k +45,050
33 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 94,62094.6k $591.4k $591.4k 0.00% Added +3.5k +3,458
34 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 91,89691.9k $574.0k $574.0k 0.00% Reduced -11.4k -11,403
35 Arete Wealth Advisors, LLC 0.05% of their portfolio CHICAGO, IL 91,72091.7k $571.0k $571.0k 0.05% Added +168 +168
36 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 76,91076.9k $480.7k $480.7k 0.00% Added +2.8k +2,793
37 Samalin Investment Counsel, LLC 0.21% of their portfolio CHAPPAQUA, NY 70,84270.8k $442.8k $442.8k 0.21% Added +7.1k +7,100
38 Arlington Capital Management, Inc. 0.37% of their portfolio ARLINGTON HEIGHTS, IL 68,79768.8k $430.0k $430.0k 0.37% Reduced -1.9k -1,928
39 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 63,93163.9k $399.6k $399.6k 0.02% Added +14.0k +14,028
40 SFI Advisors, LLC 0.30% of their portfolio Montclair, NJ 62,96063.0k $393.5k $393.5k 0.30% Added +7.7k +7,727
41 Private Capital Management, LLC 0.04% of their portfolio NAPLES, FL 59,90059.9k $374.4k $374.4k 0.04% New
42 Ariadne Wealth Management, LP 0.26% of their portfolio SANTA BARBARA, CA 51,78151.8k $323.6k $323.6k 0.26% First filing
43 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 49,41949.4k $308.9k $308.9k 0.01% Reduced -4.1k -4,056
44 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 49,36249.4k $308.5k $308.5k 0.00% Unchanged
45 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 49,35949.4k $308.5k $308.5k 0.00% Added +10.4k +10,396
46 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 48,41948.4k $302.6k $302.6k 0.00% Added +2.6k +2,578
47 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 45,95046.0k $287.2k $287.2k 0.00% Added +2.2k +2,214
48 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 43,68843.7k $273.1k $273.1k 0.00% Reduced -4.2k -4,195
49 INTEGRATED CAPITAL MANAGEMENT, INC. 0.21% of their portfolio JESSUP, PA 42,61542.6k $266.3k $266.3k 0.21% Added +10.6k +10,582
50 Concorde Asset Management, LLC 0.16% of their portfolio ANN ARBOR, MI 42,35042.4k $264.7k $264.7k 0.16% Added +24.2k +24,250
51 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 42,26042.3k $264.1k $264.1k 0.00% Reduced -23.5k -23,548
52 LYNX CAPITAL GROUP LTD /ADV 0.17% of their portfolio BEACHWOOD, OH 39,71639.7k $248.2k $248.2k 0.17% Reduced -3.9k -3,907
53 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 37,20737.2k $232.5k $232.5k 0.00% Added +11.8k +11,784
54 MIdWestOne Financial Group, Inc. 0.04% of their portfolio Iowa City, IA 36,57836.6k $228.6k $228.6k 0.04% Unchanged
55 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 36,00536.0k $232.2k $232.2k 0.00% First filing
56 MONECO ADVISORS, LLC 0.03% of their portfolio FAIRFIELD, CT 35,15635.2k $219.7k $219.7k 0.03% Added +9.3k +9,332
57 Almitas Capital LLC 0.09% of their portfolio SANTA MONICA, CA 34,33334.3k $214.6k $214.6k 0.09% New
58 RAYMOND JAMES TRUST N.A. 0.00% of their portfolio ST. PETERSBURG, FL 32,66232.7k $204.1k $204.1k 0.00% Unchanged
59 MELFA WEALTH MANAGEMENT, INC. 0.14% of their portfolio WESTBOROUGH, MA 31,89531.9k $199.3k $199.3k 0.14% Unchanged
60 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,20631.2k $195.0k $195.0k 0.00% Reduced -1.3k -1,323
61 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 30,67830.7k $191.7k $191.7k 0.00% Reduced -2.5k -2,530
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 29,47729.5k $184.2k $184.2k 0.00% New
63 True North Advisors, LLC 0.05% of their portfolio Dallas, TX 28,61528.6k $178.8k $178.8k 0.05% Unchanged
64 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 28,37628.4k $177.3k $177.3k 0.00% Unchanged
65 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 27,40027.4k $171.2k $171.2k 0.00% Added +377 +377
66 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 27,36827.4k $171.1k $171.1k 0.00% Unchanged
67 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 24,70024.7k $154.4k $154.4k 0.00% Added +2.0k +2,031
68 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 22,07222.1k $137.9k $137.9k 0.01% Unchanged
69 Leonard Rickey Investment Advisors P.L.L.C. 0.03% of their portfolio YAKIMA, WA 21,01621.0k $131.3k $131.3k 0.03% New
70 Keystone Wealth Services, LLC 0.04% of their portfolio PALM DESERT, CA 18,54218.5k $115.9k $115.9k 0.04% Added +333 +333
71 One Charles Private Wealth Services, LLC 0.04% of their portfolio HINGHAM, MA 17,24817.2k $107.8k $107.8k 0.04% Unchanged
72 CHANNEL WEALTH LLC 0.04% of their portfolio SANTA BARBARA, CA 17,06217.1k $106.6k $106.6k 0.04% Unchanged
73 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 16,93016.9k $105.8k $105.8k 0.01% Added +120 +120
74 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 15,79515.8k $99.0k $99.0k 0.00% Added +848 +848
75 Catalina Capital Group, LLC 0.03% of their portfolio Torrance, CA 14,15914.2k $88.5k $88.5k 0.03% Added +528 +528
76 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 13,80013.8k $86.2k $86.2k 0.00% New
77 Beacon Financial Advisory LLC 0.03% of their portfolio CLEVELAND, OH 12,94812.9k $80.9k $80.9k 0.03% Reduced -754 -754
78 Inscription Capital, LLC 0.01% of their portfolio HOUSTON, TX 11,91411.9k $74.5k $74.5k 0.01% Unchanged
79 Koshinski Asset Management, Inc. 0.01% of their portfolio DECATUR, IL 11,62511.6k $71.6k $71.6k 0.01% New
80 COMERICA BANK 0.00% of their portfolio DALLAS, TX 9,3249.3k $58.3k $58.3k 0.00% Added +1.1k +1,097
81 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 7,0007.0k $43.8k $43.8k 0.00% Reduced -758 -758
82 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,9896.0k $37.4k $37.4k 0.00% New
83 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,7745.8k $36.1k $36.1k 0.00% Reduced -209.7k -209,663
84 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 5,2485.2k $32.0k $32.0k 0.00% Added +274 +274
85 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,1205.1k $32.0k $32.0k 0.00% Added +3.7k +3,719
86 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 4,1944.2k $26.2k $26.2k 0.01% Added +1.9k +1,850
87 Triad Wealth Partners, LLC 0.01% of their portfolio LAWRENCE, KS 3,0773.1k $19.2k $19.2k 0.01% New
88 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 2,3632.4k $14.8k $14.8k 0.00% Unchanged
89 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,3382.3k $14.6k $14.6k 0.00% Reduced -5.7k -5,700
90 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 2,0532.1k $13.0k $13.0k 0.00% Added +34 +34
91 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,9071.9k $11.9k $11.9k 0.00% Unchanged
92 AlphaMark Advisors, LLC 0.00% of their portfolio FT. WRIGHT, KY 1,8751.9k $12.0k $12.0k 0.00% Added +34 +34
93 Byrne Asset Management LLC 0.01% of their portfolio KINGSTON, NJ 1,8001.8k $11.0k $11.0k 0.01% Unchanged
94 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0891.1k $6.8k $6.8k 0.00% Added +19 +19
95 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 758758 $4.7k $4.7k 0.00% Unchanged
96 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 382382 $2.4k $2.4k 0.00% Unchanged
97 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 285285 $1.8k $1.8k 0.00% Unchanged
98 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 108108 $675 $675 0.00% Reduced -2.0k -2,000
99 Cedar Mountain Advisors, LLC 0.00% of their portfolio LAKE OSWEGO, OR 8282 $513 $513 0.00% Unchanged
100 Coppell Advisory Solutions LLC 0.00% of their portfolio COPPELL, TX 88 $50 $50 0.00% First filing