Latest Period
Q2 2026
Security Snapshot
HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares, par value $0.001 per share (HFRO) Institutional Ownership
CUSIP: 43010E404
13F Institutional Holders and Ownership History from Q1 2016 to Q2 2026
Institutions Reporting
92
Shares (Excl. Options)
31,761,179
Price
$7.13
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- Security type / class
- Equity / Common Shares, par value $0.001 per share
- Symbol
- HFRO on NYSE
- All holders as of 30 Jun 2026
- Q2 2026
- Total 13F shares
- 31,761,179
- Total 13F value
- $226,487,206
- Portfolio coverage rank
- 0%
- Share change
- +1,604,317
- Value change
- +$12,053,076
- Number of holders
- 92
- Shares outstanding
- 54,363,289
- SEC-reported price per share
- $7.68
Latest holder snapshot
5 signals
Issuer context
Names, identifiers, and filing context for this profile.
2 identity fields
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors
Key facts
- HFRO - HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares, par value $0.001 per share is tracked under CUSIP 43010E404.
- 92 institutions reported positions in Q2 2026.
- 5 significant owners is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 95 to 92 between Q1 2026 and Q2 2026.
- SEC-reported value moved from $173,208,831 to $226,487,206.
Research use
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Evidence
Source: SEC Form 13F
Open SEC evidence
Latest holder context comes from 92 institutions filings for Q2 2026.
Security key
43010E404
Latest holder period
Q2 2026
13F holders
92
13D/G owners
5
CIK / CUSIP context first
Open Q2 2026 holders
HFRO full holder history
HIGHLAND OPPORTUNITIES & INCOME FUND SEC filings
HIGHLAND OPPORTUNITIES & INCOME FUND insider transactions
Broader feeds
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 43010E404:
13D/G owners
Significant owners
Large-stake holder rows connected to Schedule 13D/G evidence.
Rows
5
Security
HFRO
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 10% | +27% | $35,724,298 | +$7,421,870 | 5,799,399 | +26% | Saba Capital Management, L.P. | 02 Jun 2026 |
| DONDERO JAMES D | 9.6% | +26% | $37,210,584 | +$7,658,789 | 5,218,876 | +26% | DONDERO JAMES D | 27 Jul 2026 |
| RAYMOND JAMES & ASSOCIATES | 4.5% | -12% | $20,399,699 | -$3,041,612 | 3,212,551 | -13% | RAYMOND JAMES & ASSOCIATES | 30 Sep 2025 |
| MORGAN STANLEY | 5.1% | -20% | $17,049,555 | -$3,971,602 | 2,822,774 | -19% | Morgan Stanley | 31 Dec 2025 |
| Thomas J. Herzfeld Advisors, Inc. | 5% | $17,761,909 | 2,797,151 | Thomas J. Herzfeld Advisors, Inc. | 30 Sep 2025 |
As of 30 Jun 2026, 92 institutional investors reported holding 31,761,179 shares of HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares, par value $0.001 per share (HFRO). This represents 58% of the company’s total 54,363,289 outstanding shares.
13F concentration
Top 25 institutional shareholders
Largest 13F positions for this security by reported shares and value.
Top holder share
55%
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 11% | 5,976,204 | +16% | 1.3% | $42,610,335 |
| NEXPOINT ASSET MANAGEMENT, L.P. | 8.5% | 4,599,295 | +11% | 2.2% | $32,792,973 |
| RAYMOND JAMES FINANCIAL INC | 7.3% | 3,979,624 | +1.5% | 0.01% | $28,374,720 |
| Thomas J. Herzfeld Advisors, Inc. | 4.9% | 2,676,474 | -1.4% | 5.9% | $19,083,259 |
| MORGAN STANLEY | 4.6% | 2,487,826 | -2.2% | 0% | $17,738,205 |
| ENVESTNET ASSET MANAGEMENT INC | 4% | 2,183,464 | +1.7% | 0% | $15,568,097 |
| Invesco Ltd. | 2.1% | 1,161,203 | -18% | 0% | $8,279,377 |
| Atlas Wealth LLC | 1.9% | 1,030,976 | 1% | $7,350,859 | |
| Cambridge Investment Research Advisors, Inc. | 1.7% | 944,693 | -2.2% | 0.02% | $6,736,000 |
| Matisse Capital | 1.1% | 617,000 | 0% | 1.8% | $4,399,210 |
| LPL Financial LLC | 1.1% | 615,069 | -1.2% | 0% | $4,385,443 |
| ROYAL BANK OF CANADA | 1% | 544,380 | -14% | 0% | $3,882,000 |
| OPPENHEIMER & CO INC | 0.98% | 532,264 | +16% | 0.04% | $3,795,042 |
| Geneos Wealth Management Inc. | 0.97% | 525,538 | -22% | 0.08% | $3,747,084 |
| Altium Capital Management LLC | 0.58% | 317,055 | +14% | 4.8% | $2,260,602 |
| Camelot Portfolios, LLC | 0.57% | 310,043 | -2.2% | 1.6% | $2,210,608 |
| Closed-End Fund Advisors, Inc. | 0.44% | 237,067 | +0.74% | 1.7% | $1,690,288 |
| CHOREO, LLC | 0.38% | 206,145 | -5.4% | 0.02% | $1,469,814 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | 0.33% | 181,396 | 0% | 0.08% | $1,293,354 |
| PARK AVENUE SECURITIES LLC | 0.32% | 176,281 | -3% | 0.01% | $1,257,000 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 0.32% | 176,264 | +27% | 0.16% | $1,256,762 |
| NewEdge Advisors, LLC | 0.32% | 173,066 | +4.1% | 0% | $1,233,958 |
| Aristides Capital LLC | 0.26% | 143,706 | +4.1% | 0.26% | $1,024,624 |
| IHT Wealth Management, LLC | 0.25% | 137,401 | -2.3% | 0.02% | $979,669 |
| GRATIA CAPITAL, LLC | 0.23% | 124,725 | 1% | $889,289 |
Quarter history
Institutional holders across reporting periods
Holder count, reported shares/value, and median price by quarter.
Periods
37
Latest
Q2 2026
Rows shown
1-25 of 37
| Period | 13F Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q2 | 31,761,179 | $226,487,206 | +$12,053,076 | $7.13 | 92 |
| 2026 Q1 | 30,335,096 | $173,208,831 | +$4,048,281 | $5.71 | 95 |
| 2025 Q4 | 29,663,166 | $177,419,003 | +$8,526,311 | $5.98 | 104 |
| 2025 Q3 | 27,839,932 | $176,737,644 | +$9,049,672 | $6.35 | 93 |
| 2025 Q2 | 26,523,262 | $137,966,948 | +$7,444,446 | $5.20 | 90 |
| 2025 Q1 | 25,109,356 | $130,533,909 | -$16,937,693 | $5.20 | 92 |
| 2024 Q4 | 28,432,726 | $147,638,324 | -$9,575,947 | $5.19 | 108 |
| 2024 Q3 | 29,127,550 | $178,460,032 | -$9,302,967 | $6.13 | 99 |
| 2024 Q2 | 30,554,650 | $190,848,744 | +$10,466,617 | $6.25 | 99 |
| 2024 Q1 | 28,742,088 | $201,815,989 | +$19,951,335 | $7.03 | 103 |
| 2023 Q4 | 25,801,156 | $198,140,137 | +$7,240,015 | $7.69 | 102 |
| 2023 Q3 | 24,708,797 | $198,348,877 | +$5,339,612 | $8.04 | 103 |
| 2023 Q2 | 23,992,963 | $216,348,544 | -$5,573,412 | $9.03 | 96 |
| 2023 Q1 | 24,598,795 | $216,229,755 | +$91,589 | $8.79 | 97 |
| 2022 Q4 | 24,465,878 | $252,111,538 | +$2,483,154 | $10.30 | 99 |
| 2022 Q3 | 23,239,202 | $226,154,193 | -$7,386,538 | $9.72 | 91 |
| 2022 Q2 | 23,979,522 | $269,979,817 | +$6,602,985 | $11.26 | 97 |
| 2022 Q1 | 23,468,381 | $280,198,121 | -$11,629,026 | $11.94 | 94 |
| 2021 Q4 | 24,582,360 | $270,172,969 | -$28,919,447 | $10.99 | 98 |
| 2021 Q3 | 27,155,992 | $292,425,438 | +$31,742,105 | $10.77 | 97 |
| 2021 Q2 | 24,104,781 | $262,978,096 | -$13,115,477 | $10.91 | 93 |
| 2021 Q1 | 25,259,387 | $280,306,150 | +$1,406,557 | $11.09 | 90 |
| 2020 Q4 | 25,657,693 | $263,938,112 | -$26,093,192 | $10.28 | 97 |
| 2020 Q3 | 28,628,668 | $244,392,845 | -$26,854,815 | $8.59 | 96 |
| 2020 Q2 | 31,872,155 | $256,685,840 | -$10,264,498 | $8.05 | 100 |