HIGHLAND OPPORTUNITIES & INCOME FUND - HFRO
Detailed investor-level table based on 13F positions.
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 | 5,147,237 | 29,390 | 0.81% | 0.83% | 1 | +473,221 | 10.12% | Q1 2026 | May 15, 2026 |
| NEXPOINT ASSET MANAGEMENT, L.P. | History | Added to | 4,128,895 | 23,575 | 1.58% | 1.53% | 2 | +455,848 | 12.41% | Q1 2026 | May 15, 2026 |
| RAYMOND JAMES FINANCIAL INC | History | Added to | 3,920,979 | 22,388 | 0.01% | 0.01% | 3 | +129,043 | 3.4% | Q1 2026 | May 14, 2026 |
| Thomas J. Herzfeld Advisors, Inc. | History | Added to | 2,715,661 | 15,506 | 5.27% | 4.97% | 4 | +258,376 | 10.51% | Q1 2026 | May 12, 2026 |
| MORGAN STANLEY | History | Reduced | 2,544,393 | 14,528 | 0.0% | 0.0% | 5 | -278,543 | -9.87% | Q1 2026 | May 15, 2026 |
| ENVESTNET ASSET MANAGEMENT INC | History | Added to | 2,147,339 | 12,261 | 0.0% | 0.0% | 6 | +46,544 | 2.22% | Q1 2026 | May 04, 2026 |
| Invesco Ltd. | History | Added to | 1,408,806 | 8,044 | 0.0% | 0.0% | 7 | +41,052 | 3.0% | Q1 2026 | May 12, 2026 |
| Cambridge Investment Research Advisors, Inc. | History | Added to | 965,879 | 5,515 | 0.01% | 0.02% | 8 | +15,818 | 1.66% | Q1 2026 | Apr 30, 2026 |
| Geneos Wealth Management Inc. | History | Reduced | 672,800 | 3,841 | 0.09% | 0.14% | 9 | -255,673 | -27.54% | Q1 2026 | May 04, 2026 |
| ROYAL BANK OF CANADA | History | Reduced | 631,212 | 3,604 | 0.0% | 0.0% | 10 | -36,389 | -5.45% | Q1 2026 | May 15, 2026 |
| LPL Financial LLC | History | Reduced | 622,706 | 3,555 | 0.0% | 0.0% | 11 | -13,761 | -2.16% | Q1 2026 | May 06, 2026 |
| Matisse Capital | History | No change | 617,000 | 3,523 | 1.5% | 1.64% | 12 | 0 | 0.0% | Q1 2026 | May 08, 2026 |
| OPPENHEIMER & CO INC | History | Added to | 460,222 | 2,627 | 0.03% | 0.04% | 13 | +10,432 | 2.32% | Q1 2026 | Apr 23, 2026 |
| Private Capital Management, LLC | History | Reduced | 113,103 | 1,867 | 0.19% | 0.17% | 14 | -6,897 | -5.75% | Q1 2026 | May 15, 2026 |
| Camelot Portfolios, LLC | History | Reduced | 317,062 | 1,810 | 1.34% | 1.3% | 15 | -36,540 | -10.33% | Q1 2026 | May 08, 2026 |
| Altium Capital Management LLC | History | Added to | 277,068 | 1,582 | 3.76% | 3.38% | 16 | +134,009 | 93.67% | Q1 2026 | May 01, 2026 |
| Closed-End Fund Advisors, Inc. | History | Added to | 235,324 | 1,343 | 1.37% | 0.83% | 17 | +188 | 0.08% | Q1 2026 | May 11, 2026 |
| CHOREO, LLC | History | Reduced | 217,962 | 1,244 | 0.02% | 0.02% | 18 | -12,668 | -5.49% | Q1 2026 | May 12, 2026 |
| Marex Group plc | History | Reduced | 205,000 | 1,170 | 0.01% | 0.01% | 19 | -80,112 | -28.1% | Q1 2026 | May 13, 2026 |
| PARK AVENUE SECURITIES LLC | History | Reduced | 181,678 | 1,037 | 0.01% | 0.01% | 20 | -2,943 | -1.59% | Q1 2026 | Apr 07, 2026 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | History | No change | 181,396 | 1,035 | 0.07% | 0.07% | 21 | 0 | 0.0% | Q1 2026 | May 12, 2026 |
| Arlington Capital Management, Inc. | History | Added to | 154,306 | 881 | 0.5% | 0.56% | 22 | +3,101 | 2.05% | Q1 2026 | May 01, 2026 |
| Concorde Asset Management, LLC | History | No change | 139,460 | 833 | 0.33% | 0.33% | 23 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| HARBOUR INVESTMENTS, INC. | History | New | 142,243 | 812 | 0.01% | — | 24 | +142,243 | New | Q1 2026 | May 15, 2026 |
| IHT Wealth Management, LLC | History | Reduced | 140,579 | 802 | 0.02% | 0.02% | 25 | -7,074 | -4.79% | Q1 2026 | May 15, 2026 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | History | Added to | 139,203 | 794 | 0.11% | 0.11% | 26 | +12,302 | 9.69% | Q1 2026 | May 11, 2026 |
| Aristides Capital LLC | History | Added to | 138,096 | 788 | 0.17% | 0.14% | 27 | +4,600 | 3.45% | Q1 2026 | May 14, 2026 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | History | No change | 122,317 | 698 | 0.04% | 0.04% | 28 | 0 | 0.0% | Q1 2026 | Apr 15, 2026 |
| HighTower Advisors, LLC | History | Reduced | 114,025 | 651 | 0.0% | 0.0% | 29 | -4,640 | -3.91% | Q1 2026 | May 05, 2026 |
| Baird Financial Group, Inc. | History | Added to | 113,704 | 649 | 0.0% | 0.0% | 30 | +17,113 | 17.72% | Q1 2026 | May 14, 2026 |
| OSAIC HOLDINGS, INC. | History | Added to | 110,543 | 631 | 0.0% | 0.0% | 31 | +4,402 | 4.15% | Q1 2026 | May 15, 2026 |
| GILPIN WEALTH MANAGEMENT, LLC | History | Added to | 91,642 | 523 | 0.41% | 0.43% | 32 | +686 | 0.75% | Q1 2026 | Apr 21, 2026 |
| AEGON USA Investment Management, LLC | History | Reduced | 79,431 | 453 | 0.35% | 0.37% | 33 | -8,737 | -9.91% | Q1 2026 | Apr 21, 2026 |
| Samalin Investment Counsel, LLC | History | Reduced | 77,388 | 441 | 0.16% | 0.18% | 34 | -6,668 | -7.93% | Q1 2026 | Apr 22, 2026 |
| Calamos Advisors LLC | History | Added to | 74,855 | 427 | 0.0% | 0.0% | 35 | +32,079 | 74.99% | Q1 2026 | May 04, 2026 |
| Creative Planning | History | Added to | 68,548 | 391 | 0.0% | 0.0% | 36 | +22,560 | 49.06% | Q1 2026 | May 12, 2026 |
| Ariadne Wealth Management, LP | History | Added to | 52,900 | 302 | 0.14% | 0.14% | 37 | +10 | 0.02% | Q1 2026 | May 15, 2026 |
| Cetera Investment Advisers | History | Reduced | 51,116 | 291 | 0.0% | 0.0% | 38 | -4,449 | -8.01% | Q1 2026 | May 13, 2026 |
| Papamarkou Wellner Asset Management inc. | History | No change | 45,000 | 256 | 0.16% | 0.16% | 39 | 0 | 0.0% | Q1 2026 | May 15, 2026 |
| MidWestOne Financial Group, Inc. | History | No change | 36,578 | 218 | 0.02% | 0.02% | 40 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | Reduced | 37,259 | 212 | 0.0% | 0.0% | 41 | -40,266 | -51.94% | Q1 2026 | May 15, 2026 |
| MERCER GLOBAL ADVISORS INC /ADV | History | No change | 35,831 | 204 | 0.0% | 0.0% | 42 | 0 | 0.0% | Q1 2026 | May 15, 2026 |
| Kestra Advisory Services, LLC | History | Added to | 35,285 | 201 | 0.0% | 0.0% | 43 | +1,108 | 3.24% | Q1 2026 | Apr 30, 2026 |
| INTEGRATED CAPITAL MANAGEMENT, INC. | History | Reduced | 33,966 | 193 | 0.13% | 0.16% | 44 | -5,392 | -13.7% | Q1 2026 | May 07, 2026 |
| JANE STREET GROUP, LLC | History | Reduced | 32,520 | 185 | 0.0% | 0.0% | 46 | -84,932 | -72.31% | Q1 2026 | May 12, 2026 |
| CSS LLC/IL | History | No change | 32,516 | 185 | 0.01% | 0.01% | 45 | 0 | 0.0% | Q1 2026 | May 15, 2026 |
| EVOLVE PRIVATE WEALTH, LLC | History | Reduced | 31,214 | 178 | 0.01% | 0.01% | 47 | -223 | -0.71% | Q1 2026 | Apr 16, 2026 |
| Mariner, LLC | History | Reduced | 30,252 | 172 | 0.0% | 0.0% | 48 | -321 | -1.05% | Q1 2026 | May 13, 2026 |
| Abel Hall, LLC | History | Added to | 30,000 | 171 | 0.04% | 0.03% | 49 | +10,000 | 50.0% | Q1 2026 | Apr 28, 2026 |
| NewEdge Advisors, LLC | History | Added to | 166,318 | 166 | 0.01% | 0.0% | 50 | +35,692 | 27.32% | Q1 2026 | May 15, 2026 |
| MELFA WEALTH MANAGEMENT, INC. | History | No change | 29,135 | 166 | 0.1% | 0.1% | 51 | 0 | 0.0% | Q1 2026 | Apr 10, 2026 |
| INDEPENDENT FINANCIAL GROUP, LLC | History | Added to | 28,630 | 163 | 0.0% | 0.0% | 52 | +272 | 0.96% | Q1 2026 | May 15, 2026 |
| North Ground Capital | History | Reduced | 22,081 | 126 | 0.15% | 0.57% | 53 | -170,620 | -88.54% | Q1 2026 | May 11, 2026 |
| Keystone Wealth Services, LLC | History | Added to | 21,330 | 121 | 0.03% | 0.03% | 54 | +405 | 1.94% | Q1 2026 | May 13, 2026 |
| B. Riley Wealth Advisors, Inc. | History | New | 21,503 | 118 | 0.01% | — | 55 | +21,503 | New | Q1 2026 | Apr 24, 2026 |
| Janney Montgomery Scott LLC | History | Reduced | 20,275 | 116 | 0.0% | 0.0% | 56 | -4,184 | -17.11% | Q1 2026 | Apr 22, 2026 |
| XTX Topco Ltd | History | Reduced | 19,988 | 114 | 0.0% | 0.01% | 57 | -17,866 | -47.2% | Q1 2026 | May 15, 2026 |
| UBS Group AG | History | Reduced | 18,648 | 106 | 0.0% | 0.0% | 58 | -310 | -1.64% | Q1 2026 | May 05, 2026 |
| One Charles Private Wealth Services, LLC | History | No change | 17,248 | 98 | 0.02% | 0.03% | 59 | 0 | 0.0% | Q1 2026 | May 07, 2026 |
| MML INVESTORS SERVICES, LLC | History | Reduced | 16,333 | 93 | 0.0% | 0.0% | 60 | -3,370 | -17.1% | Q1 2026 | May 04, 2026 |
| CITADEL ADVISORS LLC | History | Reduced | 15,564 | 88 | 0.0% | 0.0% | 61 | -4,482 | -22.36% | Q1 2026 | May 15, 2026 |
| Capital Investment Advisory Services, LLC | History | Reduced | 12,876 | 73 | 0.01% | 0.01% | 62 | -483 | -3.62% | Q1 2026 | May 05, 2026 |
| STEPHENS INC /AR/ | History | No change | 12,743 | 72 | 0.0% | 0.0% | 63 | 0 | 0.0% | Q1 2026 | Apr 28, 2026 |
| COMMONWEALTH EQUITY SERVICES, LLC | History | Reduced | 12,526 | 71 | 0.0% | 0.0% | 64 | -1,024 | -7.56% | Q1 2026 | Apr 27, 2026 |
| U.S. Capital Wealth Advisors, LLC | History | Reduced | 12,044 | 68 | 0.0% | 0.0% | 65 | -783 | -6.1% | Q1 2026 | Apr 07, 2026 |
| Koshinski Asset Management, Inc. | History | No change | 11,625 | 66 | 0.0% | 0.0% | 66 | 0 | 0.0% | Q1 2026 | Apr 27, 2026 |
| Bulldog Investors, LLP | History | No change | 10,715 | 61 | 0.01% | 0.01% | 67 | 0 | 0.0% | Q1 2026 | May 08, 2026 |
| NWF Advisory Services Inc. | History | Reduced | 10,400 | 59 | 0.01% | 0.01% | 68 | -10,300 | -49.76% | Q1 2026 | May 04, 2026 |
| CHANNEL WEALTH LLC | History | Reduced | 10,074 | 57 | 0.01% | 0.02% | 70 | -4,142 | -29.14% | Q1 2026 | May 11, 2026 |
| K2 PRINCIPAL FUND, L.P. | History | No change | 10,033 | 57 | 0.0% | 0.0% | 69 | 0 | 0.0% | Q1 2026 | May 14, 2026 |
| Rockefeller Capital Management L.P. | History | Added to | 8,898 | 50 | 0.0% | 0.0% | 71 | +3,720 | 71.84% | Q1 2026 | May 14, 2026 |
| WELLS FARGO & COMPANY/MN | History | Added to | 7,849 | 44 | 0.0% | — | 72 | +7,847 | 392350.0% | Q1 2026 | May 11, 2026 |
| Advisory Services Network, LLC | History | New | 7,458 | 42 | 0.0% | — | 73 | +7,458 | New | Q1 2026 | May 15, 2026 |
| COMERICA BANK | History | No change | 6,156 | 36 | 0.0% | 0.0% | 74 | 0 | 0.0% | Q4 2025 | Jan 29, 2026 |
| FIFTH THIRD BANCORP | History | New | 6,156 | 35 | 0.0% | — | 75 | +6,156 | New | Q1 2026 | May 01, 2026 |
| Legacy Wealth Managment, LLC/ID | History | No change | 5,237 | 29 | 0.01% | 0.01% | 76 | 0 | 0.0% | Q1 2026 | May 07, 2026 |
| IFP Advisors, Inc | History | Reduced | 4,017 | 22 | 0.0% | 0.0% | 77 | -1,205 | -23.08% | Q1 2026 | Apr 13, 2026 |
| Basepoint Wealth LLC | History | No change | 3,671 | 20 | 0.01% | 0.01% | 78 | 0 | 0.0% | Q1 2026 | May 07, 2026 |
| Triumph Capital Management | History | Added to | 2,600 | 14 | 0.0% | 0.0% | 79 | +1,700 | 188.89% | Q1 2026 | May 13, 2026 |
| Kilter Group LLC | History | Added to | 2,219 | 12 | 0.01% | 0.01% | 80 | +27 | 1.23% | Q1 2026 | May 14, 2026 |
| US BANCORP \DE\ | History | No change | 1,775 | 10 | 0.0% | 0.0% | 81 | 0 | 0.0% | Q1 2026 | May 14, 2026 |
| Byrne Asset Management LLC | History | No change | 1,800 | 10 | 0.01% | 0.01% | 82 | 0 | 0.0% | Q1 2026 | Apr 02, 2026 |
| Steward Partners Investment Advisory, LLC | History | No change | 1,261 | 7 | 0.0% | 0.0% | 83 | 0 | 0.0% | Q1 2026 | May 08, 2026 |
| HIGHLINE WEALTH PARTNERS LLC | History | Reduced | 470 | 2 | 0.0% | 0.0% | 86 | -30 | -6.0% | Q1 2026 | Apr 06, 2026 |
| CIBC Private Wealth Group LLC | History | No change | 419 | 2 | 0.0% | 0.0% | 84 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Spire Wealth Management | History | No change | 500 | 2 | 0.0% | 0.0% | 85 | 0 | 0.0% | Q1 2026 | Apr 22, 2026 |
| Hamrick Investment Counsel, llc | History | New | 250 | 1 | 0.0% | — | 90 | +250 | New | Q1 2026 | May 11, 2026 |
| CALDWELL SUTTER CAPITAL, INC. | History | No change | 285 | 1 | 0.0% | 0.0% | 87 | 0 | 0.0% | Q1 2026 | May 05, 2026 |
| GABLES CAPITAL MANAGEMENT INC. | History | No change | 269 | 1 | 0.0% | 0.0% | 88 | 0 | 0.0% | Q1 2026 | May 01, 2026 |
| SHP Wealth Management | History | No change | 211 | 1 | 0.0% | 0.0% | 89 | 0 | 0.0% | Q1 2026 | May 08, 2026 |
| HB Wealth Management, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -32,550 | -100.0% | Q1 2026 | Apr 27, 2026 |
| MILLENNIUM MANAGEMENT LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -28,850 | -100.0% | Q1 2026 | May 15, 2026 |
| Yakira Capital Management, Inc. | History | Closed out | 0 | 0 | — | 0.03% | — | -15,655 | -100.0% | Q1 2026 | May 14, 2026 |
| LifeWealth Investments, LLC | History | Closed out | 0 | 0 | — | 0.03% | — | -14,625 | -100.0% | Q1 2026 | Apr 20, 2026 |
| NOMURA HOLDINGS INC | History | Closed out | 0 | 0 | — | 0.0% | — | -10,000 | -100.0% | Q1 2026 | May 15, 2026 |
| SUMMIT SECURITIES GROUP LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -5,658 | -100.0% | Q1 2026 | Apr 30, 2026 |
| Pinnacle Wealth Planning Services, Inc. | History | Closed out | 0 | 0 | — | 0.0% | — | -2,520 | -100.0% | Q1 2026 | May 11, 2026 |
| ASSETMARK, INC | History | Closed out | 0 | 0 | — | 0.0% | — | -1,500 | -100.0% | Q1 2026 | May 06, 2026 |
| FLAGSHIP HARBOR ADVISORS, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -977 | -100.0% | Q1 2026 | Apr 28, 2026 |
| Tower Research Capital LLC (TRC) | History | Closed out | 0 | 0 | — | 0.0% | — | -409 | -100.0% | Q1 2026 | May 15, 2026 |
| Sound Income Strategies, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -382 | -100.0% | Q1 2026 | Apr 27, 2026 |
| Inlight Wealth Management, LLC | History | Closed out | 0 | 0 | — | — | — | -159 | -100.0% | Q1 2026 | May 04, 2026 |
| Mountain Hill Investment Partners Corp. | History | Added to | 125 | 0 | — | — | — | +2 | 1.63% | Q1 2026 | May 01, 2026 |
| FMR LLC | History | No change | 23 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | May 15, 2026 |
| MAI Capital Management | History | No change | 59 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | May 15, 2026 |
| AdvisorNet Financial, Inc | History | No change | 1 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | Apr 17, 2026 |
| Strategic Wealth Partners, Ltd. | History | No change | 6 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | May 12, 2026 |
| Cedar Mountain Advisors, LLC | History | No change | 82 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | Apr 30, 2026 |
| Vision Retirement, LLC | History | No change | 3 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | May 07, 2026 |
| Keating Financial Advisory Services, Inc. | History | No change | 164 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | May 15, 2026 |
| Sunrise Financial Services, LLC | History | No change | 70 | 0 | — | — | — | 0 | 0.0% | Q1 2026 | Apr 29, 2026 |