HIGHLAND OPPORTUNITIES & INCOME FUND - HFRO
Detailed investor-level table based on 13F positions.
Early Q1 2026 data: only 2 institutional holders reported so far. The full shareholder list will grow as more funds file with the SEC.
Methodology:
Market value and % of portfolio use SEC reported VALUE ($000).
For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received.
Details.
Rows: 0
| Investor | History | Status | Shares held | Market value ($000) | % of portfolio | Previous % | Rank | Change in shares | % change in shares | Source | Date reported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Saba Capital Management, L.P. | History | Added to | 4,674,016 | 27,950 | 0.83% | 0.65% | 1 | +944,136 | 25.31% | Q4 2025 | Feb 17, 2026 |
| RAYMOND JAMES FINANCIAL INC | History | Added to | 3,791,936 | 22,675 | 0.01% | 0.01% | 2 | +555,861 | 17.18% | Q4 2025 | Feb 18, 2026 |
| NEXPOINT ASSET MANAGEMENT, L.P. | History | Added to | 3,673,047 | 21,964 | 1.53% | 1.55% | 3 | +855,000 | 30.34% | Q4 2025 | Feb 17, 2026 |
| MORGAN STANLEY | History | Reduced | 2,822,936 | 16,881 | 0.0% | 0.0% | 4 | -364,695 | -11.44% | Q4 2025 | Feb 13, 2026 |
| Thomas J. Herzfeld Advisors, Inc. | History | Reduced | 2,457,285 | 14,694 | 4.97% | 6.09% | 5 | -339,054 | -12.12% | Q4 2025 | Feb 13, 2026 |
| ENVESTNET ASSET MANAGEMENT INC | History | Added to | 2,100,795 | 12,562 | 0.0% | 0.0% | 6 | +278,471 | 15.28% | Q4 2025 | Feb 10, 2026 |
| Invesco Ltd. | History | Added to | 1,367,754 | 8,179 | 0.0% | 0.0% | 7 | +37,035 | 2.78% | Q4 2025 | Feb 19, 2026 |
| Cambridge Investment Research Advisors, Inc. | History | Added to | 950,061 | 5,681 | 0.02% | 0.02% | 8 | +15,073 | 1.61% | Q4 2025 | Feb 05, 2026 |
| Geneos Wealth Management Inc. | History | Reduced | 928,473 | 5,552 | 0.14% | 0.16% | 9 | -53,254 | -5.42% | Q4 2025 | Jan 28, 2026 |
| ROYAL BANK OF CANADA | History | New | 667,601 | 3,992 | 0.0% | — | 10 | +667,601 | New | Q4 2025 | Feb 17, 2026 |
| LPL Financial LLC | History | Reduced | 636,467 | 3,806 | 0.0% | 0.0% | 11 | -26,576 | -4.01% | Q4 2025 | Feb 11, 2026 |
| Matisse Capital | History | No change | 617,000 | 3,689 | 1.64% | 1.76% | 12 | 0 | 0.0% | Q4 2025 | Jan 29, 2026 |
| OPPENHEIMER & CO INC | History | Added to | 449,790 | 2,689 | 0.04% | 0.03% | 13 | +970 | 0.22% | Q4 2025 | Feb 02, 2026 |
| Camelot Portfolios, LLC | History | Reduced | 353,602 | 2,114 | 1.3% | 1.52% | 14 | -52,570 | -12.94% | Q4 2025 | Jan 29, 2026 |
| Private Capital Management, LLC | History | Added to | 120,000 | 1,908 | 0.17% | 0.16% | 15 | +14,158 | 13.38% | Q4 2025 | Feb 17, 2026 |
| Marex Group plc | History | Added to | 285,112 | 1,704 | 0.01% | 0.0% | 16 | +207,541 | 267.55% | Q4 2025 | Feb 12, 2026 |
| Closed-End Fund Advisors, Inc. | History | New | 235,136 | 1,406 | 0.83% | — | 17 | +235,136 | New | Q4 2025 | Feb 11, 2026 |
| CHOREO, LLC | History | Added to | 230,630 | 1,389 | 0.02% | 0.02% | 18 | +9,212 | 4.16% | Q4 2025 | Jan 23, 2026 |
| North Ground Capital | History | Reduced | 192,701 | 1,152 | 0.57% | 0.77% | 19 | -4,295 | -2.18% | Q4 2025 | Feb 12, 2026 |
| PARK AVENUE SECURITIES LLC | History | Reduced | 184,621 | 1,104 | 0.01% | 0.01% | 20 | -7,213 | -3.76% | Q4 2025 | Jan 05, 2026 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | History | No change | 181,396 | 1,084 | 0.07% | 0.07% | 21 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Arlington Capital Management, Inc. | History | Reduced | 151,205 | 904 | 0.56% | 0.64% | 22 | -7,233 | -4.57% | Q4 2025 | Jan 06, 2026 |
| IHT Wealth Management, LLC | History | Reduced | 147,653 | 882 | 0.02% | 0.03% | 23 | -45,265 | -23.46% | Q4 2025 | Feb 17, 2026 |
| Altium Capital Management LLC | History | New | 143,059 | 855 | 3.38% | — | 24 | +143,059 | New | Q4 2025 | Feb 06, 2026 |
| Concorde Asset Management, LLC | History | Added to | 139,460 | 833 | 0.33% | 0.17% | 25 | +73,760 | 112.27% | Q4 2025 | Feb 13, 2026 |
| Aristides Capital LLC | History | No change | 133,496 | 798 | 0.14% | 0.12% | 26 | 0 | 0.0% | Q4 2025 | Feb 26, 2026 |
| NewEdge Advisors, LLC | History | Added to | 130,626 | 781 | 0.0% | 0.0% | 27 | +9,715 | 8.03% | Q4 2025 | Feb 18, 2026 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | History | Added to | 126,901 | 758 | 0.11% | 0.12% | 28 | +7,451 | 6.24% | Q4 2025 | Feb 09, 2026 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | History | Reduced | 122,317 | 731 | 0.04% | 0.05% | 29 | -7,769 | -5.97% | Q4 2025 | Jan 26, 2026 |
| HighTower Advisors, LLC | History | Reduced | 118,665 | 709 | 0.0% | 0.0% | 30 | -6,188 | -4.96% | Q4 2025 | Feb 06, 2026 |
| JANE STREET GROUP, LLC | History | Added to | 117,452 | 702 | 0.0% | 0.0% | 31 | +63,597 | 118.09% | Q4 2025 | Feb 12, 2026 |
| OSAIC HOLDINGS, INC. | History | Reduced | 106,141 | 634 | 0.0% | 0.0% | 32 | -194,636 | -64.71% | Q4 2025 | Feb 17, 2026 |
| Baird Financial Group, Inc. | History | Added to | 96,591 | 577 | 0.0% | 0.0% | 33 | +1,693 | 1.78% | Q4 2025 | Feb 13, 2026 |
| GILPIN WEALTH MANAGEMENT, LLC | History | New | 90,956 | 543 | 0.43% | — | 34 | +90,956 | New | Q4 2025 | Feb 11, 2026 |
| AEGON USA Investment Management, LLC | History | Reduced | 88,168 | 527 | 0.37% | 0.46% | 35 | -17,727 | -16.74% | Q4 2025 | Feb 09, 2026 |
| Samalin Investment Counsel, LLC | History | Reduced | 84,056 | 502 | 0.18% | 0.23% | 36 | -20,297 | -19.45% | Q4 2025 | Jan 30, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | Added to | 77,525 | 463 | 0.0% | 0.0% | 37 | +49,180 | 173.51% | Q4 2025 | Feb 17, 2026 |
| Ariadne Wealth Management, LP | History | Added to | 52,890 | 339 | 0.14% | 0.15% | 38 | +14 | 0.03% | Q4 2025 | Feb 13, 2026 |
| Cetera Investment Advisers | History | Reduced | 55,565 | 332 | 0.0% | 0.0% | 39 | -16,031 | -22.39% | Q4 2025 | Feb 17, 2026 |
| Creative Planning | History | Added to | 45,988 | 275 | 0.0% | 0.0% | 40 | +3 | 0.01% | Q4 2025 | Feb 17, 2026 |
| Papamarkou Wellner Asset Management inc. | History | Added to | 45,000 | 269 | 0.16% | 0.12% | 41 | +15,000 | 50.0% | Q4 2025 | Feb 18, 2026 |
| Calamos Advisors LLC | History | Added to | 42,776 | 255 | 0.0% | 0.0% | 42 | +10,404 | 32.14% | Q4 2025 | Jan 29, 2026 |
| INTEGRATED CAPITAL MANAGEMENT, INC. | History | Reduced | 39,358 | 235 | 0.16% | 0.18% | 43 | -1,581 | -3.86% | Q4 2025 | Jan 08, 2026 |
| XTX Topco Ltd | History | New | 37,854 | 226 | 0.01% | — | 44 | +37,854 | New | Q4 2025 | Feb 17, 2026 |
| MidWestOne Financial Group, Inc. | History | No change | 36,578 | 218 | 0.02% | 0.03% | 45 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| MERCER GLOBAL ADVISORS INC /ADV | History | New | 35,831 | 214 | 0.0% | — | 46 | +35,831 | New | Q4 2025 | Feb 18, 2026 |
| Kestra Advisory Services, LLC | History | Added to | 34,177 | 204 | 0.0% | 0.0% | 47 | +12,687 | 59.04% | Q4 2025 | Feb 13, 2026 |
| CSS LLC/IL | History | No change | 32,516 | 194 | 0.01% | 0.01% | 48 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| HB Wealth Management, LLC | History | No change | 32,550 | 194 | 0.0% | 0.0% | 49 | 0 | 0.0% | Q4 2025 | Jan 28, 2026 |
| EVOLVE PRIVATE WEALTH, LLC | History | New | 31,437 | 187 | 0.01% | — | 50 | +31,437 | New | Q4 2025 | Feb 17, 2026 |
| Mariner, LLC | History | Reduced | 30,573 | 182 | 0.0% | 0.0% | 51 | -5,866 | -16.1% | Q4 2025 | Feb 13, 2026 |
| MELFA WEALTH MANAGEMENT, INC. | History | No change | 29,135 | 174 | 0.1% | 0.11% | 52 | 0 | 0.0% | Q4 2025 | Jan 16, 2026 |
| MILLENNIUM MANAGEMENT LLC | History | Reduced | 28,850 | 172 | 0.0% | 0.0% | 53 | -6,867 | -19.23% | Q4 2025 | Feb 17, 2026 |
| Janney Montgomery Scott LLC | History | Reduced | 24,459 | 146 | 0.0% | 0.0% | 54 | -1,693 | -6.47% | Q4 2025 | Feb 11, 2026 |
| Keystone Wealth Services, LLC | History | Added to | 20,925 | 125 | 0.03% | 0.03% | 55 | +380 | 1.85% | Q4 2025 | Jan 26, 2026 |
| NWF Advisory Services Inc. | History | Reduced | 20,700 | 123 | 0.01% | 0.03% | 56 | -17,000 | -45.09% | Q4 2025 | Mar 03, 2026 |
| CITADEL ADVISORS LLC | History | New | 20,046 | 119 | 0.0% | — | 57 | +20,046 | New | Q4 2025 | Feb 17, 2026 |
| Abel Hall, LLC | History | No change | 20,000 | 119 | 0.03% | 0.05% | 58 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| MML INVESTORS SERVICES, LLC | History | Reduced | 19,703 | 117 | 0.0% | 0.0% | 59 | -3,323 | -14.43% | Q4 2025 | Feb 13, 2026 |
| UBS Group AG | History | Reduced | 18,958 | 113 | 0.0% | 0.0% | 60 | -13,298 | -41.23% | Q4 2025 | Jan 29, 2026 |
| One Charles Private Wealth Services, LLC | History | No change | 17,248 | 103 | 0.03% | 0.03% | 61 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| Yakira Capital Management, Inc. | History | No change | 15,655 | 93 | 0.03% | 0.03% | 62 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| LifeWealth Investments, LLC | History | No change | 14,625 | 87 | 0.03% | 0.03% | 63 | 0 | 0.0% | Q4 2025 | Jan 26, 2026 |
| CHANNEL WEALTH LLC | History | No change | 14,216 | 85 | 0.02% | 0.02% | 64 | 0 | 0.0% | Q4 2025 | Feb 03, 2026 |
| COMMONWEALTH EQUITY SERVICES, LLC | History | Reduced | 13,550 | 81 | 0.0% | 0.0% | 65 | -582,419 | -97.73% | Q4 2025 | Feb 12, 2026 |
| Capital Investment Advisory Services, LLC | History | Added to | 13,359 | 79 | 0.01% | 0.01% | 66 | +206 | 1.57% | Q4 2025 | Jan 21, 2026 |
| STEPHENS INC /AR/ | History | No change | 12,743 | 76 | 0.0% | 0.0% | 67 | 0 | 0.0% | Q4 2025 | Feb 05, 2026 |
| U.S. Capital Wealth Advisors, LLC | History | No change | 12,827 | 76 | 0.0% | 0.0% | 68 | 0 | 0.0% | Q4 2025 | Jan 23, 2026 |
| Koshinski Asset Management, Inc. | History | No change | 11,625 | 69 | 0.0% | 0.0% | 69 | 0 | 0.0% | Q4 2025 | Feb 03, 2026 |
| Bulldog Investors, LLP | History | No change | 10,715 | 64 | 0.01% | 0.02% | 70 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| K2 PRINCIPAL FUND, L.P. | History | New | 10,033 | 59 | 0.0% | — | 72 | +10,033 | New | Q4 2025 | Feb 13, 2026 |
| NOMURA HOLDINGS INC | History | New | 10,000 | 59 | 0.0% | — | 71 | +10,000 | New | Q4 2025 | Feb 17, 2026 |
| COMERICA BANK | History | Reduced | 6,156 | 36 | 0.0% | 0.0% | 73 | -264 | -4.11% | Q4 2025 | Jan 29, 2026 |
| SUMMIT SECURITIES GROUP LLC | History | New | 5,658 | 33 | 0.0% | — | 74 | +5,658 | New | Q4 2025 | Feb 17, 2026 |
| IFP Advisors, Inc | History | New | 5,222 | 31 | 0.0% | — | 75 | +5,222 | New | Q4 2025 | Feb 06, 2026 |
| Legacy Wealth Managment, LLC/ID | History | No change | 5,237 | 31 | 0.01% | 0.01% | 76 | 0 | 0.0% | Q4 2025 | Feb 03, 2026 |
| Rockefeller Capital Management L.P. | History | Reduced | 5,178 | 30 | 0.0% | 0.0% | 77 | -7,592 | -59.45% | Q4 2025 | Mar 16, 2026 |
| Basepoint Wealth LLC | History | New | 3,671 | 21 | 0.01% | — | 78 | +3,671 | New | Q4 2025 | Feb 10, 2026 |
| Pinnacle Wealth Planning Services, Inc. | History | New | 2,520 | 15 | 0.0% | — | 79 | +2,520 | New | Q4 2025 | Feb 13, 2026 |
| Kilter Group LLC | History | Added to | 2,192 | 13 | 0.01% | 0.01% | 80 | +40 | 1.86% | Q4 2025 | Feb 13, 2026 |
| US BANCORP \DE\ | History | No change | 1,775 | 10 | 0.0% | 0.0% | 81 | 0 | 0.0% | Q4 2025 | Jan 30, 2026 |
| Byrne Asset Management LLC | History | No change | 1,800 | 10 | 0.01% | 0.01% | 82 | 0 | 0.0% | Q4 2025 | Jan 12, 2026 |
| ASSETMARK, INC | History | New | 1,500 | 8 | 0.0% | — | 83 | +1,500 | New | Q4 2025 | Jan 23, 2026 |
| Steward Partners Investment Advisory, LLC | History | No change | 1,261 | 7 | 0.0% | 0.0% | 84 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| FLAGSHIP HARBOR ADVISORS, LLC | History | New | 977 | 5 | 0.0% | — | 85 | +977 | New | Q4 2025 | Jan 21, 2026 |
| Triumph Capital Management | History | New | 900 | 5 | 0.0% | — | 86 | +900 | New | Q4 2025 | Feb 12, 2026 |
| HIGHLINE WEALTH PARTNERS LLC | History | New | 500 | 2 | 0.0% | — | 91 | +500 | New | Q4 2025 | Jan 15, 2026 |
| Tower Research Capital LLC (TRC) | History | New | 409 | 2 | 0.0% | — | 88 | +409 | New | Q4 2025 | Feb 17, 2026 |
| CIBC Private Wealth Group LLC | History | Added to | 419 | 2 | 0.0% | 0.0% | 87 | +7 | 1.7% | Q4 2025 | Feb 12, 2026 |
| Sound Income Strategies, LLC | History | No change | 382 | 2 | 0.0% | 0.0% | 89 | 0 | 0.0% | Q4 2025 | Jan 21, 2026 |
| Spire Wealth Management | History | No change | 500 | 2 | 0.0% | 0.0% | 90 | 0 | 0.0% | Q4 2025 | Jan 14, 2026 |
| SHP Wealth Management | History | New | 211 | 1 | 0.0% | — | 94 | +211 | New | Q4 2025 | Mar 04, 2026 |
| CALDWELL SUTTER CAPITAL, INC. | History | No change | 285 | 1 | 0.0% | 0.0% | 92 | 0 | 0.0% | Q4 2025 | Jan 30, 2026 |
| GABLES CAPITAL MANAGEMENT INC. | History | No change | 269 | 1 | 0.0% | 0.0% | 93 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| BALYASNY ASSET MANAGEMENT L.P. | History | Closed out | 0 | 0 | — | 0.0% | — | -42,780 | -100.0% | Q3 2025 | Nov 14, 2025 |
| HRT FINANCIAL LP | History | Closed out | 0 | 0 | — | 0.0% | — | -38,356 | -100.0% | Q3 2025 | Nov 14, 2025 |
| B. Riley Wealth Advisors, Inc. | History | Closed out | 0 | 0 | — | 0.01% | — | -24,430 | -100.0% | Q3 2025 | Oct 31, 2025 |
| GOLDMAN SACHS GROUP INC | History | Closed out | 0 | 0 | — | 0.0% | — | -19,357 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Catalyst Funds Management Pty Ltd | History | Closed out | 0 | 0 | — | 0.01% | — | -10,800 | -100.0% | Q3 2025 | Nov 12, 2025 |
| Advisory Services Network, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -8,171 | -100.0% | Q3 2025 | Nov 18, 2025 |
| CWM, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -3,747 | -100.0% | Q3 2025 | Oct 15, 2025 |
| CREATIVE FINANCIAL DESIGNS INC /ADV | History | Closed out | 0 | 0 | — | 0.0% | — | -2,363 | -100.0% | Q3 2025 | Nov 12, 2025 |
| BANK OF AMERICA CORP /DE/ | History | Closed out | 0 | 0 | — | 0.0% | — | -1,059 | -100.0% | Q3 2025 | Feb 03, 2026 |
| WELLS FARGO & COMPANY/MN | History | Reduced | 2 | 0 | — | 0.0% | — | -447 | -99.55% | Q4 2025 | Feb 13, 2026 |
| Russell Investments Group, Ltd. | History | Closed out | 0 | 0 | — | 0.0% | — | -400 | -100.0% | Q3 2025 | Nov 13, 2025 |
| Keating Financial Advisory Services, Inc. | History | New | 164 | 0 | — | — | — | +164 | New | Q4 2025 | Feb 09, 2026 |
| Sunrise Financial Services, LLC | History | New | 70 | 0 | — | — | — | +70 | New | Q4 2025 | Feb 11, 2026 |
| Wealthspire Advisors, LLC | History | Closed out | 0 | 0 | — | — | — | -7 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Mountain Hill Investment Partners Corp. | History | Added to | 123 | 0 | — | — | — | +2 | 1.65% | Q4 2025 | Jan 26, 2026 |
| Inlight Wealth Management, LLC | History | Reduced | 159 | 0 | — | 0.0% | — | -1 | -0.63% | Q4 2025 | Jan 23, 2026 |
| FMR LLC | History | No change | 23 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| MAI Capital Management | History | No change | 59 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| AdvisorNet Financial, Inc | History | No change | 1 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Jan 20, 2026 |
| Cedar Mountain Advisors, LLC | History | No change | 82 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Feb 11, 2026 |