Vault-13

HIGHLAND GLOBAL ALLOCATION F HGLB

COM · Closed-End Fund · CUSIP 43010T104

36 institutional holders -1 vs Q4 2024
6,191,7426.2m shares reported held*
$51.6mreported value*
5 new 13 added 11 reduced 6 sold out net sold ≈ $920.3k (-110.5k 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 ≈ $8.33.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 42Q4 22: 42Q1 23: 44Q2 23: 42Q3 23: 40Q4 23: 42Q1 24: 40Q2 24: 40Q3 24: 32Q4 24: 37Q1 25: 3636Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202242
Q4 202242
Q1 202344
Q2 202342
Q3 202340
Q4 202342
Q1 202440
Q2 202440
Q3 202432
Q4 202437
Q1 202536

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 19 bought or addedQ2 23: 24 cut or sold outQ3 23: 27 bought or addedQ3 23: 8 cut or sold outQ3 23Q4 23: 21 bought or addedQ4 23: 11 cut or sold outQ1 24: 23 bought or addedQ1 24: 16 cut or sold outQ1 24Q2 24: 16 bought or addedQ2 24: 21 cut or sold outQ3 24: 15 bought or addedQ3 24: 20 cut or sold outQ3 24Q4 24: 16 bought or addedQ4 24: 18 cut or sold outQ1 25: 18 bought or addedQ1 25: 17 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231924
Q3 2023278
Q4 20232111
Q1 20242316
Q2 20241621
Q3 20241520
Q4 20241618
Q1 20251817

Biggest buyers

LPL Financial LLC Added +369,458+369.5k
NWF Advisory Services Inc. New +187,731+187.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +78,341+78.3k
FORTRESS PRIVATE LEDGER, LLC New +51,261+51.3k
PNC Financial Services Group, Inc. New +45,000+45.0k
Total Wealth Planning & Management, Inc. Added +28,150+28.1k
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors Added +13,539+13.5k
WEDBUSH SECURITIES INC New +11,220+11.2k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Added +11,027+11.0k
Cetera Investment Advisers Added +7,230+7.2k

Biggest sellers

Shaker Financial Services, LLC Reduced -594,044-594.0k
RAYMOND JAMES FINANCIAL INC Reduced -181,196-181.2k
AQR Arbitrage LLC Reduced -81,586-81.6k
Quantedge Capital Pte Ltd Reduced -18,300-18.3k
XTX Topco Ltd Sold out -12,571-12.6k
OSAIC HOLDINGS, INC. Reduced -12,523-12.5k
Marex Group Ltd Sold out -12,201-12.2k
Capital Investment Advisors, LLC Reduced -5,929-5.9k
BANK OF AMERICA CORP /DE/ Sold out -4,686-4.7k
Cambridge Investment Research Advisors, Inc. Reduced -2,328-2.3k

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
RAYMOND JAMES & ASSOCIATES 13G · institution -0.6 pts · filed 2026-08-03 9.5% -0.6 pts 2.2m≈ $16.7m 2026-08-03

Insider purchases and sales in Q1 2025

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
101Q2 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: 1 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20241$50.4k0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 2,456,3842.5m $20.5m $20.5m 0.01% Reduced -181.2k -181,196
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 823,751823.8k $6.9m $6.9m 0.00% Reduced -1.2k -1,242
3 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 728,835728.8k $6.1m $6.1m 0.00% Added +369.5k +369,458
4 Matisse Capital 1.73% of their portfolio PORTLAND, OR 393,000393.0k $3.3m $3.3m 1.73% Unchanged
5 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 238,114238.1k $2.0m $2.0m 0.00% Reduced -12.5k -12,523
6 NWF Advisory Services Inc. 0.22% of their portfolio Los Angeles, CA 187,731187.7k $1.6m $1.6m 0.22% New
7 Quantedge Capital Pte Ltd 0.41% of their portfolio Singapore, U0 156,187156.2k $1.3m $1.3m 0.41% Reduced -18.3k -18,300
8 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.11% of their portfolio Englewood, NJ 147,537147.5k $1.2m $1.2m 0.11% Added +11.0k +11,027
9 Sovereign Financial Group, Inc. 0.23% of their portfolio STAMFORD, CT 120,026120.0k $999.8k $999.8k 0.23% Added +5.5k +5,516
10 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 115,752115.8k $964.2k $964.2k 0.01% Added +1.5k +1,502
11 NEXPOINT ASSET MANAGEMENT, L.P. 0.07% of their portfolio Dallas, TX 86,24686.2k $718.4k $718.4k 0.07% Unchanged
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 78,34178.3k $652.6k $652.6k 0.00% New
13 Shaker Financial Services, LLC 0.24% of their portfolio Arlington, VA 72,98373.0k $607.9k $607.9k 0.24% Reduced -594.0k -594,044
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 70,34970.3k $586.0k $586.0k 0.00% Added +1.6k +1,577
15 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 67,17767.2k $560.0k $560.0k 0.00% Reduced -2.3k -2,328
16 FORTRESS PRIVATE LEDGER, LLC 0.24% of their portfolio RALEIGH, NC 51,26151.3k $427.0k $427.0k 0.24% New
17 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 45,00045.0k $374.9k $374.9k 0.00% New
18 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 44,64344.6k $371.9k $371.9k 0.01% Added +2.0k +2,043
19 Total Wealth Planning & Management, Inc. 0.36% of their portfolio Ponte Vedra Beach, FL 42,59342.6k $354.8k $354.8k 0.36% Added +28.1k +28,150
20 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 42,22142.2k $351.7k $351.7k 0.01% Reduced -5.9k -5,929
21 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 39,30039.3k $327.4k $327.4k 0.00% Added +7.2k +7,230
22 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.04% of their portfolio CONCORD, MA 29,98530.0k $250.1k $250.1k 0.04% Added +13.5k +13,539
23 Arete Wealth Advisors, LLC 0.02% of their portfolio CHICAGO, IL 27,94227.9k $233.0k $233.0k 0.02% Added +988 +988
24 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 23,21423.2k $193.4k $193.4k 0.00% Reduced -81.6k -81,586
25 Arlington Capital Management, Inc. 0.15% of their portfolio ARLINGTON HEIGHTS, IL 23,18823.2k $193.2k $193.2k 0.15% Reduced -311 -311
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 21,03721.0k $175.0k $175.0k 0.00% Added +1.0k +1,000
27 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 15,65515.7k $130.4k $130.4k 0.02% Added +2.3k +2,255
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,77412.8k $106.4k $106.4k 0.00% Reduced -1.2k -1,239
29 WEDBUSH SECURITIES INC 0.00% of their portfolio PASADENA, CA 11,22011.2k $93.0k $93.0k 0.00% New
30 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 11,00111.0k $91.6k $91.6k 0.00% Reduced -505 -505
31 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 5,3855.4k $44.9k $44.9k 0.00% Unchanged
32 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 2,0672.1k $17.0k $17.0k 0.00% Added +2.1k +2,065
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 465465 $3.9k $3.9k 0.00% Unchanged
34 CWM, LLC 0.00% of their portfolio OMAHA, NE 377377 $3.0k $3.0k 0.00% Unchanged
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $9 $9 0.00% Unchanged
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged