Highland Opportunities and Income Fund (HFRO)
Highland Opportunities and Income Fund (HFRO) is listed on the New York Stock Exchange, where it has traded since November 6, 2017.
- Listed On
- the New York Stock Exchange
- Listed Since
- November 6, 2017
- Market Cap
- $337M
About Highland Opportunities and Income Fund
Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to Income Fund seeks growth of capital along with income. It focuses on making investments in real estate securities, including Reits, secured and unsecured fixed-rate loans and corporate bonds, mezzanine securities, structured products, convertible and preferred securities and equities (public and private), and floating rate securities.
Institutional ownership
In 13F filings for the quarter ended June 30, 2026, 91 institutions reported holding HFRO, with 31.7 million shares worth $225.7 million in aggregate. The largest reported holder was Saba Capital Management, with 6.0 million shares worth $42.6 million. Of the 5 largest holders listed below, 3 added shares and 2 reduced their positions during the quarter.
| Institution | Shares | Value | Quarter change |
|---|---|---|---|
| Saba Capital Management | 5,976,204 | $43M | Added 16.11% |
| Nexpoint Asset Management | 4,599,295 | $33M | Added 11.39% |
| Raymond James Financial | 3,979,624 | $28M | Added 1.5% |
| Thomas J. Herzfeld Advisors | 2,676,474 | $19M | Reduced 1.44% |
| Morgan Stanley | 2,487,826 | $18M | Reduced 2.22% |
Form 13F is a quarterly report that institutional investment managers with at least $100 million in qualifying securities file with the SEC. It lists long positions as of the last day of the quarter and is due within 45 days of quarter end, so these holdings describe that date rather than today.
Frequently asked questions
What is HFRO?
Highland Opportunities and Income Fund (HFRO) is listed on the New York Stock Exchange, where it has traded since November 6, 2017.
Who are the largest institutional holders of HFRO?
In 13F filings for the quarter ended June 30, 2026, the largest reported holders of HFRO were Saba Capital Management, Nexpoint Asset Management and Raymond James Financial.
How many institutions own HFRO?
91 institutions reported a position in HFRO for the quarter ended June 30, 2026, worth $225.7 million in total.
Did institutions buy or sell HFRO last quarter?
Of the 5 largest reported holders, 3 added shares and 2 reduced their positions during the quarter. Every reported holder and its change is on the SentiSense ownership page for HFRO.
Every reported institutional holder, plus insider and congressional trades in HFRO, on SentiSense.