HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares of Beneficial Interest (HFRO)
CUSIP: 43010E404
Q4 2025 13F Holders as of 31 Dec 2025
- Type / Class
- Equity / Common Shares of Beneficial Interest
- Shares outstanding
- 55,348,510
- Total 13F shares
- 29,663,166
- Share change
- +1,435,004
- Total reported value
- $177,419,003
- Price per share
- $5.98
- Number of holders
- 104
- Value change
- +$8,526,311
- Number of buys
- 40
- Number of sells
- 40
Quarterly Holders Quick Answers
What is CUSIP 43010E404?
CUSIP 43010E404 identifies HFRO - HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares of Beneficial Interest in SEC institutional holdings data.
Need full ownership history?
Open the full security ownership history page.
Next holder-history checks
These links keep the next click tied to holder verification, nearby quarters, or outside-13F ownership context.
- Back to full security ownership history for the broader multi-quarter picture.
- Latest 13F filings for newly reported positions across managers.
- Latest Schedule 13D/13G reports for ownership changes outside the 13F cadence.
- SEC investors directory for manager drilldown.
Explore More Reporting Periods
Jump to adjacent filing periods for faster comparison and easier crawl discovery.
Recent filing periods for CUSIP 43010E404:
Top shareholders of HFRO - HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares of Beneficial Interest (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.
Methodology: rows are grouped by holder and ranked by the holder's primary source value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
| Holder | Source | Role / Reporting | Ownership % | Shares | Holdings Value | 12M Net Δ | As of | Details |
|---|---|---|---|---|---|---|---|---|
| Saba Capital Management, L.P. |
13D/G
13F
|
Company |
8.3%
|
4,594,550
|
$27,659,191 | +$3,396,556 | 29 Dec 2025 | |
| James D. Dondero |
13D/G
|
DONDERO JAMES D |
7.5%
|
4,144,712
|
$26,774,838 | +$4,171,093 | 10 Dec 2025 | |
| RAYMOND JAMES FINANCIAL INC |
13F
|
Company |
5.8%
|
3,236,075
|
$20,549,077 | — | 30 Sep 2025 | |
| RAYMOND JAMES & ASSOCIATES |
13D/G
|
— |
4.5%
|
3,212,551
|
$20,399,699 | -$3,041,612 | 30 Sep 2025 | |
| MORGAN STANLEY |
13F
13D/G
|
Company |
5.1%
from 13D/G
|
3,187,631
|
$20,241,460 | — | 30 Sep 2025 | |
| NEXPOINT ASSET MANAGEMENT, L.P. |
13F
|
Company |
5.1%
|
2,818,047
|
$17,894,599 | — | 30 Sep 2025 | |
| Thomas J. Herzfeld Advisors, Inc. |
13D/G
13F
|
Company |
5%
|
2,797,151
|
$17,761,909 | $0 | 30 Sep 2025 | |
| ENVESTNET ASSET MANAGEMENT INC |
13F
|
Company |
3.3%
|
1,822,324
|
$11,571,756 | — | 30 Sep 2025 | |
| Invesco Ltd. |
13F
|
Company |
2.4%
|
1,330,719
|
$8,450,066 | — | 30 Sep 2025 | |
| Geneos Wealth Management Inc. |
13F
|
Company |
1.8%
|
981,727
|
$6,233,965 | — | 30 Sep 2025 | |
| Cambridge Investment Research Advisors, Inc. |
13F
|
Company |
1.7%
|
934,988
|
$5,937,000 | — | 30 Sep 2025 | |
| ROYAL BANK OF CANADA |
13F
|
Company |
1.3%
|
701,695
|
$4,456,000 | — | 30 Sep 2025 | |
| LPL Financial LLC |
13F
|
Company |
1.2%
|
663,043
|
$4,210,320 | — | 30 Sep 2025 | |
| Matisse Capital |
13F
|
Company |
1.1%
|
617,000
|
$3,917,950 | — | 30 Sep 2025 | |
| COMMONWEALTH EQUITY SERVICES, LLC |
13F
|
Company |
1.1%
|
595,969
|
$3,784,000 | — | 30 Sep 2025 | |
| OPPENHEIMER & CO INC |
13F
|
Company |
0.81%
|
448,820
|
$2,850,007 | — | 30 Sep 2025 | |
| Camelot Portfolios, LLC |
13F
|
Company |
0.73%
|
406,172
|
$2,579,192 | — | 30 Sep 2025 | |
| OSAIC HOLDINGS, INC. |
13F
|
Company |
0.54%
|
300,777
|
$1,863,826 | — | 30 Sep 2025 | |
| CHOREO, LLC |
13F
|
Company |
0.4%
|
221,418
|
$1,406,004 | — | 30 Sep 2025 | |
| North Ground Capital |
13F
|
Company |
0.36%
|
196,996
|
$1,250,925 | — | 30 Sep 2025 | |
| IHT Wealth Management, LLC |
13F
|
Company |
0.35%
|
192,918
|
$1,225,036 | — | 30 Sep 2025 | |
| PARK AVENUE SECURITIES LLC |
13F
|
Company |
0.35%
|
191,834
|
$1,218,000 | — | 30 Sep 2025 | |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. |
13F
|
Company |
0.33%
|
181,396
|
$1,151,865 | — | 30 Sep 2025 | |
| Arlington Capital Management, Inc. |
13F
|
Company |
0.29%
|
158,438
|
$1,006,081 | — | 30 Sep 2025 | |
| Aristides Capital LLC |
13F
|
Company |
0.24%
|
133,496
|
$847,700 | — | 30 Sep 2025 | |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV |
13F
|
Company |
0.24%
|
130,086
|
$826,052 | — | 30 Sep 2025 | |
| HighTower Advisors, LLC |
13F
|
Company |
0.23%
|
124,853
|
$792,819 | — | 30 Sep 2025 | |
| NewEdge Advisors, LLC |
13F
|
Company |
0.22%
|
120,911
|
$767,786 | — | 30 Sep 2025 | |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC |
13F
|
Company |
0.22%
|
119,450
|
$758,508 | — | 30 Sep 2025 | |
| AEGON USA Investment Management, LLC |
13F
|
Company |
0.19%
|
105,895
|
$672,433 | — | 30 Sep 2025 | |
| Samalin Investment Counsel, LLC |
13F
|
Company |
0.19%
|
104,353
|
$662,644 | — | 30 Sep 2025 | |
| Baird Financial Group, Inc. |
13F
|
Company |
0.17%
|
94,898
|
$602,602 | — | 30 Sep 2025 | |
| Marex Group plc |
13F
|
Company |
0.14%
|
77,571
|
$492,576 | — | 30 Sep 2025 | |
| Cetera Investment Advisers |
13F
|
Company |
0.13%
|
71,596
|
$454,636 | — | 30 Sep 2025 | |
| Concorde Asset Management, LLC |
13F
|
Company |
0.12%
|
65,700
|
$412,366 | — | 30 Sep 2025 | |
| JANE STREET GROUP, LLC |
13F
|
Company |
0.1%
|
53,855
|
$341,980 | — | 30 Sep 2025 | |
| Ariadne Wealth Management, LP |
13F
|
Company |
0.1%
|
52,876
|
$341,578 | — | 30 Sep 2025 | |
| Creative Planning |
13F
|
Company |
0.08%
|
45,985
|
$292,003 | — | 30 Sep 2025 | |
| BALYASNY ASSET MANAGEMENT L.P. |
13F
|
Company |
0.08%
|
42,780
|
$271,653 | — | 30 Sep 2025 | |
| INTEGRATED CAPITAL MANAGEMENT, INC. |
13F
|
Company |
0.07%
|
40,939
|
$259,963 | — | 30 Sep 2025 | |
| HRT FINANCIAL LP |
13F
|
Company |
0.07%
|
38,356
|
$243,000 | — | 30 Sep 2025 | |
| NWF Advisory Services Inc. |
13F
|
Company |
0.07%
|
37,700
|
$239,395 | — | 30 Sep 2025 | |
| MidWestOne Financial Group, Inc. |
13F
|
Company |
0.07%
|
36,578
|
$232,270 | — | 30 Sep 2025 | |
| Mariner, LLC |
13F
|
Company |
0.07%
|
36,439
|
$231,385 | — | 30 Sep 2025 | |
| MILLENNIUM MANAGEMENT LLC |
13F
|
Company |
0.06%
|
35,717
|
$226,803 | — | 30 Sep 2025 | |
| HB Wealth Management, LLC |
13F
|
Company |
0.06%
|
32,550
|
$206,693 | — | 30 Sep 2025 | |
| CSS LLC/IL |
13F
|
Company |
0.06%
|
32,516
|
$206,477 | — | 30 Sep 2025 | |
| Calamos Advisors LLC |
13F
|
Company |
0.06%
|
32,372
|
$205,562 | — | 30 Sep 2025 | |
| UBS Group AG |
13F
|
Company |
0.06%
|
32,256
|
$204,825 | — | 30 Sep 2025 | |
| INDEPENDENT FINANCIAL GROUP, LLC |
13F
|
Company |
0.05%
|
30,254
|
$192,115 | — | 30 Sep 2025 |
Institutional Holders of HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares of Beneficial Interest (HFRO) as of Q4 2025
As of 31 Dec 2025,
HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares of Beneficial Interest (HFRO) was held by
104 institutional
shareholders
that filed Form 13F with the SEC.
Together, they reported ownership of
29,663,166 shares.
The largest 10 holders included
Saba Capital Management, L.P., RAYMOND JAMES FINANCIAL INC, NEXPOINT ASSET MANAGEMENT, L.P., MORGAN STANLEY, Thomas J. Herzfeld Advisors, Inc., ENVESTNET ASSET MANAGEMENT INC, Invesco Ltd., Cambridge Investment Research Advisors, Inc., Geneos Wealth Management Inc., and ROYAL BANK OF CANADA.
This page lists
104
institutional shareholders reporting positions in this security
for the Q4 2025 filing period.
| Investor | Option | Weight % | Change % | Value $ | * Price | Shares | Share Change | Activity | Report Period |
|---|
Compare Q4 2025 vs Q3 2025 Across Filers
Q3 2025 holders
93
Q4 2025 holders
104
Holder diff
11
| Investor | Q3 2025 Shares | Q4 2025 Shares | Share Diff | Share Chg % | Q3 2025 Value $ | Q4 2025 Value $ | Value Diff $ | Value Chg % |
|---|
Trend: ostatnie 8 kwartałów (+ wybrane okresy porównania).
Quarterly Holders Trend
Quarterly Value Trend
Quarterly Shares Trend
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.
An asterisk sign (*) next to the price indicates that the price is likely invalid.