Vault-13

HIGHLAND OPPORTUNITIES HFRO

HIGHLAND INCOME · Closed-End Fund · CUSIP 43010E404

102 institutional holders +0 vs Q2 2024
29,203,16929.2m shares reported held*
$178.9mreported value*
10 new 37 added 34 reduced 12 sold out net sold ≈ $10.1m (-1.7m 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 ≈ $6.13.

Trends to Q3 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: 102Q3 24: 102102Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202295
Q4 2022102
Q1 2023100
Q2 202398
Q3 2023107
Q4 2023106
Q1 2024108
Q2 2024102
Q3 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 outQ1 23: 49 bought or addedQ1 23: 42 cut or sold outQ1 23Q2 23: 46 bought or addedQ2 23: 41 cut or sold outQ3 23: 54 bought or addedQ3 23: 33 cut or sold outQ3 23Q4 23: 53 bought or addedQ4 23: 41 cut or sold outQ1 24: 61 bought or addedQ1 24: 42 cut or sold outQ1 24Q2 24: 54 bought or addedQ2 24: 44 cut or sold outQ3 24: 47 bought or addedQ3 24: 46 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20225235
Q1 20234942
Q2 20234641
Q3 20235433
Q4 20235341
Q1 20246142
Q2 20245444
Q3 20244746

Biggest buyers

RAYMOND JAMES & ASSOCIATES Added +473,237+473.2k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Added +435,572+435.6k
ROYAL BANK OF CANADA Added +384,344+384.3k
Alpine Global Management, LLC Added +200,000+200.0k
ENVESTNET ASSET MANAGEMENT INC Added +189,639+189.6k
MILLENNIUM MANAGEMENT LLC New +95,583+95.6k
Innova Wealth Partners New +83,054+83.1k
GOLDMAN SACHS GROUP INC New +43,277+43.3k
MORGAN STANLEY Added +42,772+42.8k
OSAIC HOLDINGS, INC. Added +39,695+39.7k

Biggest sellers

Penserra Capital Management LLC Sold out -1,151,978-1.2m
Atlas Wealth LLC Sold out -1,139,336-1.1m
Thomas J. Herzfeld Advisors, Inc. Reduced -250,736-250.7k
BOKF, NA Sold out -206,308-206.3k
Camelot Portfolios, LLC Reduced -200,813-200.8k
Aristides Capital LLC Reduced -134,616-134.6k
Bulldog Investors, LLP Reduced -112,309-112.3k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -100,050-100.0k
OPPENHEIMER & CO INC Reduced -73,383-73.4k
NEXPOINT ASSET MANAGEMENT, L.P. Reduced -72,607-72.6k

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 Q3 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
101Q4 22: 0 buyingQ4 22: 1 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20220—1$8.6k—
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——

None reported in Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,720,2163.7m $22.8m $22.8m 0.00% Added +42.8k +42,772
2 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 3,691,5453.7m $22.6m $22.6m 0.01% Added +473.2k +473,237
3 Thomas J. Herzfeld Advisors, Inc. 6.16% of their portfolio MIAMI BEACH, FL 3,019,4553.0m $18.5m $18.5m 6.16% Reduced -250.7k -250,736
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,586,5052.6m $15.9m $15.9m 0.00% Added +384.3k +384,344
5 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,023,1292.0m $12.4m $12.4m 0.00% Added +189.6k +189,639
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,824,4401.8m $11.2m $11.2m 0.00% Added +17.2k +17,228
7 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.84% of their portfolio Englewood, NJ 1,351,4511.4m $8.3m $8.3m 0.84% Added +435.6k +435,572
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 1,100,3001.1m $6.7m $6.7m 0.00% Reduced -38.3k -38,261
9 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 973,971974.0k $6.0m $6.0m 0.02% Reduced -12.7k -12,681
10 NEXPOINT ASSET MANAGEMENT, L.P. 0.68% of their portfolio Dallas, TX 918,047918.0k $5.6m $5.6m 0.68% Reduced -72.6k -72,607
11 OPPENHEIMER & CO INC 0.06% of their portfolio NEW YORK, NY 614,627614.6k $3.8m $3.8m 0.06% Reduced -73.4k -73,383
12 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 535,123535.1k $3.3m $3.3m 0.00% Added +24.0k +23,996
13 Alpine Global Management, LLC 0.74% of their portfolio NEW YORK, NY 500,000500.0k $3.1m $3.1m 0.74% Added +200.0k +200,000
14 IHT Wealth Management, LLC 0.08% of their portfolio Chicago, IL 466,737466.7k $2.9m $2.9m 0.08% Reduced -21.7k -21,656
15 Matisse Capital 1.36% of their portfolio PORTLAND, OR 455,065455.1k $2.8m $2.8m 1.36% Added +20.1k +20,065
16 Geneos Wealth Management Inc. 0.09% of their portfolio ENGLEWOOD, CO 402,271402.3k $2.5m $2.5m 0.09% Added +137 +137
17 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 391,927391.9k $2.4m $2.4m 0.00% Reduced -38.1k -38,057
18 Camelot Portfolios, LLC 2.31% of their portfolio Maumee, OH 381,850381.9k $2.3m $2.3m 2.31% Reduced -200.8k -200,813
19 CHOREO, LLC 0.03% of their portfolio ROCKFORD, IL 375,384375.4k $2.3m $2.3m 0.03% Reduced -7.5k -7,530
20 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.16% of their portfolio CEDAR RAPIDS, IA 363,740363.7k $2.2m $2.2m 0.16% Reduced -10.8k -10,770
21 Bulldog Investors, LLP 0.73% of their portfolio SADDLE BROOK, NJ 352,186352.2k $2.2m $2.2m 0.73% Reduced -112.3k -112,309
22 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 270,405270.4k $1.7m $1.7m 0.00% Added +39.7k +39,695
23 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 187,728187.7k $1.2m $1.2m 0.01% Reduced -30.0k -29,976
24 NWF Advisory Services Inc. 0.17% of their portfolio Los Angeles, CA 187,400187.4k $1.1m $1.1m 0.17% Added +36.9k +36,850
25 AEGON USA Investment Management, LLC 0.76% of their portfolio CEDAR RAPIDS, IA 163,121163.1k $999.9k $999.9k 0.76% Added +18.2k +18,172
26 Aristides Capital LLC 0.34% of their portfolio LOUISVILLE, KY 134,616134.6k $825.2k $825.2k 0.34% Reduced -134.6k -134,616
27 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 102,586102.6k $628.9k $628.9k 0.00% Added +8.0k +7,966
28 Sage Capital Management, LLC 0.30% of their portfolio Stockton, NJ 101,438101.4k $621.8k $621.8k 0.30% Reduced -16.5k -16,503
29 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 95,58395.6k $585.9k $585.9k 0.00% New
30 Samalin Investment Counsel, LLC 0.24% of their portfolio CHAPPAQUA, NY 90,35990.4k $553.9k $553.9k 0.24% Added +19.5k +19,517
31 Arete Wealth Advisors, LLC 0.05% of their portfolio CHICAGO, IL 90,14690.1k $553.0k $553.0k 0.05% Reduced -1.6k -1,574
32 Arlington Capital Management, Inc. 0.42% of their portfolio ARLINGTON HEIGHTS, IL 83,05483.1k $509.1k $509.1k 0.42% Added +14.3k +14,257
33 Innova Wealth Partners 0.42% of their portfolio NEWTOWN, PA 83,05483.1k $509.1k $509.1k 0.42% New
34 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 79,64779.6k $488.0k $488.0k 0.00% Reduced -12.2k -12,249
35 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 65,25665.3k $400.0k $400.0k 0.01% Added +1.3k +1,325
36 SFI Advisors, LLC 0.28% of their portfolio Montclair, NJ 63,98264.0k $392.2k $392.2k 0.28% Added +1.0k +1,022
37 Private Capital Management, LLC 0.04% of their portfolio NAPLES, FL 59,90059.9k $367.2k $367.2k 0.04% Unchanged
38 Concorde Asset Management, LLC 0.20% of their portfolio ANN ARBOR, MI 58,30058.3k $357.4k $357.4k 0.20% Added +15.9k +15,950
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 58,05158.1k $355.9k $355.9k 0.00% Added +8.7k +8,692
40 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 54,73054.7k $335.5k $335.5k 0.00% Added +6.3k +6,311
41 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.07% of their portfolio NEWPORT BEACH, CA 53,39353.4k $327.3k $327.3k 0.07% Reduced -51.4k -51,393
42 Ariadne Wealth Management, LP 0.16% of their portfolio SANTA BARBARA, CA 52,44152.4k $292.1k $292.1k 0.16% Added +660 +660
43 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 52,34552.3k $320.9k $320.9k 0.00% Added +6.4k +6,395
44 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 51,84851.8k $317.8k $317.8k 0.00% Reduced -25.1k -25,062
45 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 49,36249.4k $302.6k $302.6k 0.00% Unchanged
46 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 43,40843.4k $266.1k $266.1k 0.00% Added +6.2k +6,201
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 43,27743.3k $265.3k $265.3k 0.00% New
48 INTEGRATED CAPITAL MANAGEMENT, INC. 0.19% of their portfolio JESSUP, PA 39,87639.9k $244.4k $244.4k 0.19% Reduced -2.7k -2,739
49 MIdWestOne Financial Group, Inc. 0.03% of their portfolio Iowa City, IA 36,57836.6k $224.2k $224.2k 0.03% Unchanged
50 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 36,53036.5k $193.2k $193.2k 0.00% Added +525 +525
51 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 35,73435.7k $219.1k $219.1k 0.00% Reduced -8.0k -7,954
52 RAYMOND JAMES TRUST N.A. 0.00% of their portfolio ST. PETERSBURG, FL 32,26232.3k $197.8k $197.8k 0.00% Reduced -400 -400
53 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,31231.3k $191.9k $191.9k 0.00% Added +106 +106
54 MELFA WEALTH MANAGEMENT, INC. 0.12% of their portfolio WESTBOROUGH, MA 29,13529.1k $178.6k $178.6k 0.12% Reduced -2.8k -2,760
55 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 28,53828.5k $176.8k $176.8k 0.00% Reduced -2.1k -2,140
56 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 28,18828.2k $172.8k $172.8k 0.00% Added +788 +788
57 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 27,99128.0k $171.6k $171.6k 0.00% Reduced -14.3k -14,269
58 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 27,36827.4k $167.8k $167.8k 0.00% Unchanged
59 Kingsview Wealth Management, LLC 0.00% of their portfolio GRANTS PASS, OR 27,25327.3k $167.1k $167.1k 0.00% Reduced -22.2k -22,166
60 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 26,78726.8k $164.2k $164.2k 0.00% Reduced -1.6k -1,589
61 MONECO ADVISORS, LLC 0.02% of their portfolio FAIRFIELD, CT 26,49226.5k $162.4k $162.4k 0.02% Reduced -8.7k -8,664
62 True North Advisors, LLC 0.04% of their portfolio Dallas, TX 25,57825.6k $156.8k $156.8k 0.04% Reduced -3.0k -3,037
63 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 22,07222.1k $135.3k $135.3k 0.01% Unchanged
64 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 19,35219.4k $118.6k $118.6k 0.00% Reduced -5.3k -5,348
65 Keystone Wealth Services, LLC 0.03% of their portfolio PALM DESERT, CA 18,89718.9k $115.8k $115.8k 0.03% Added +355 +355
66 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 18,55518.6k $113.7k $113.7k 0.01% Added +1.6k +1,625
67 One Charles Private Wealth Services, LLC 0.04% of their portfolio HINGHAM, MA 17,24817.2k $105.7k $105.7k 0.04% Unchanged
68 CHANNEL WEALTH LLC 0.03% of their portfolio SANTA BARBARA, CA 17,06217.1k $104.6k $104.6k 0.03% Unchanged
69 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,27315.3k $93.6k $93.6k 0.00% Reduced -14.2k -14,204
70 SOUTHSTATE PRIVATE CAPITAL MANAGEMENT LLC 0.02% of their portfolio COLUMBIA, SC 14,80014.8k $90.7k $90.7k 0.02% New
71 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,18814.2k $87.0k $87.0k 0.00% Reduced -1.6k -1,607
72 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,25213.3k $81.2k $81.2k 0.00% New
73 Jackson Wealth Management, LLC 0.01% of their portfolio LAKE MARY, FL 13,23713.2k $81.0k $81.0k 0.01% New
74 U.S. Capital Wealth Advisors, LLC 0.00% of their portfolio AUSTIN, TX 13,16413.2k $80.7k $80.7k 0.00% New
75 Beacon Financial Advisory LLC 0.03% of their portfolio CLEVELAND, OH 13,08813.1k $80.2k $80.2k 0.03% Added +140 +140
76 Inscription Capital, LLC 0.01% of their portfolio HOUSTON, TX 11,91411.9k $73.0k $73.0k 0.01% Unchanged
77 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 11,90511.9k $73.0k $73.0k 0.00% Added +11.1k +11,147
78 Koshinski Asset Management, Inc. 0.01% of their portfolio DECATUR, IL 11,62511.6k $71.3k $71.3k 0.01% Unchanged
79 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 11,34111.3k $69.5k $69.5k 0.00% New
80 COMERICA BANK 0.00% of their portfolio DALLAS, TX 10,15510.2k $62.3k $62.3k 0.00% Added +831 +831
81 Marex Group Ltd 0.00% of their portfolio London, X0 10,11310.1k $62.0k $62.0k 0.00% New
82 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 7,0007.0k $42.9k $42.9k 0.00% Unchanged
83 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 5,3945.4k $33.1k $33.1k 0.01% Added +1.2k +1,200
84 Legacy Investment Solutions, LLC 0.02% of their portfolio BOISE, ID 5,2705.3k $28.5k $28.5k 0.02% First filing
85 Legacy Wealth Managment, LLC/ID 0.02% of their portfolio BOISE, ID 5,2705.3k $28.5k $28.5k 0.02% First filing
86 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,9794.0k $24.4k $24.4k 0.00% Reduced -1.8k -1,795
87 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 2,3632.4k $14.5k $14.5k 0.00% Unchanged
88 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,3382.3k $14.3k $14.3k 0.00% Unchanged
89 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 2,2222.2k $14.0k $14.0k 0.00% Added +169 +169
90 AlphaMark Advisors, LLC 0.00% of their portfolio FT. WRIGHT, KY 1,9111.9k $12.0k $12.0k 0.00% Added +36 +36
91 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,9071.9k $11.7k $11.7k 0.00% Unchanged
92 Byrne Asset Management LLC 0.01% of their portfolio KINGSTON, NJ 1,8001.8k $11.0k $11.0k 0.01% Unchanged
93 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,1101.1k $6.8k $6.8k 0.00% Added +21 +21
94 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 728728 $4.5k $4.5k 0.00% Reduced -4.5k -4,520
95 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 571571 $3.5k $3.5k 0.00% Reduced -5.4k -5,418
96 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 382382 $2.3k $2.3k 0.00% Unchanged
97 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 285285 $1.7k $1.7k 0.00% Unchanged
98 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 188188 $1.2k $1.2k 0.00% Added +80 +80
99 CWM, LLC 0.00% of their portfolio OMAHA, NE 9999 $1.0k $1.0k 0.00% New
100 Cedar Mountain Advisors, LLC 0.00% of their portfolio LAKE OSWEGO, OR 8282 $503 $503 0.00% Unchanged