HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares, $0.001 par value (HFRO)

Historical Holders from Q1 2016 to Q4 2025

Type / Class
Equity / Common Shares, $0.001 par value
Symbol
HFRO on NYSE
Shares outstanding
55,361,786
Price per share
$5.98
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares as of 30 Sep 2025
27,837,780
Total reported value
$176,723,980
% of total 13F portfolios
0%
Share change
+1,325,358
Value change
+$9,059,382
Avg buy value change
+0%
Avg sell value change
-0%
Number of holders
92
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares, $0.001 par value (HFRO) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Saba Capital Management, L.P. 8.3% +36% $27,659,191 +$7,105,460 4,594,550 +35% Saba Capital Management, L.P. 29 Dec 2025
DONDERO JAMES D 7.5% +20% $24,951,165 +$3,886,994 4,144,712 +18% DONDERO JAMES D 10 Dec 2025
MORGAN STANLEY 6.3% +22% $17,784,456 +$532,769 3,480,324 +3.1% Morgan Stanley 30 Jun 2025
RAYMOND JAMES & ASSOCIATES 4.5% -12% $20,399,699 -$3,041,612 3,212,551 -13% RAYMOND JAMES & ASSOCIATES 30 Sep 2025
Thomas J. Herzfeld Advisors, Inc. 5% $17,761,909 2,797,151 Thomas J. Herzfeld Advisors, Inc. 30 Sep 2025
As of 30 Sep 2025, HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares, $0.001 par value (HFRO) has 92 institutional shareholders filing 13F forms. They hold 27,837,780 shares. of 55,361,786 outstanding shares (50%) .

Top 25 institutional shareholders own 47% of the company.

Filer Ownership Nb Shares Share Change % Portfolio % Holdings Value
Saba Capital Management, L.P. 6.7% 3,729,880 +64% 0.78% $23,684,738
RAYMOND JAMES FINANCIAL INC 5.8% 3,236,075 -14% 0.01% $20,549,077
MORGAN STANLEY 5.8% 3,187,631 -8.4% 0% $20,241,460
NEXPOINT ASSET MANAGEMENT, L.P. 5.1% 2,818,047 +207% 1.6% $17,894,599
Thomas J. Herzfeld Advisors, Inc. 5.1% 2,796,339 +7.5% 6.1% $17,756,752
ENVESTNET ASSET MANAGEMENT INC 3.3% 1,822,324 +5.5% 0% $11,571,756
Invesco Ltd. 2.4% 1,330,719 -24% 0% $8,450,066
Geneos Wealth Management Inc. 1.8% 981,727 -2.6% 0.16% $6,233,965
Cambridge Investment Research Advisors, Inc. 1.7% 934,988 -0.47% 0.02% $5,937,000
ROYAL BANK OF CANADA 1.3% 701,695 -30% 0% $4,456,000
LPL Financial LLC 1.2% 663,043 +10% 0% $4,210,320
Matisse Capital 1.1% 617,000 0% 1.8% $3,917,950
COMMONWEALTH EQUITY SERVICES, LLC 1.1% 595,969 +76% 0% $3,784,000
OPPENHEIMER & CO INC 0.81% 448,820 -3.9% 0.03% $2,850,007
Camelot Portfolios, LLC 0.73% 406,172 -5.5% 1.5% $2,579,192
OSAIC HOLDINGS, INC. 0.54% 300,777 -2.2% 0% $1,863,826
CHOREO, LLC 0.4% 221,418 +4.7% 0.02% $1,406,004
North Ground Capital 0.36% 196,996 -0.51% 0.77% $1,250,925
IHT Wealth Management, LLC 0.35% 192,918 +0.11% 0.03% $1,225,036
PARK AVENUE SECURITIES LLC 0.35% 191,834 -14% 0.01% $1,218,000
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.33% 181,396 -73% 0.07% $1,151,865
Arlington Capital Management, Inc. 0.29% 158,438 -9.5% 0.64% $1,006,081
Aristides Capital LLC 0.24% 133,496 0% 0.25% $847,700
NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.23% 130,086 -11% 0.05% $826,052
HighTower Advisors, LLC 0.23% 124,853 -29% 0% $792,819

Institutional Holders of HIGHLAND OPPORTUNITIES & INCOME FUND - Common Shares, $0.001 par value (HFRO) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (% of par) Investors
2025 Q4 375,184 $2,243,564 -$95,839 597.99% 3
2025 Q3 27,837,780 $176,723,980 +$9,059,382 635% 92
2025 Q2 26,523,361 $137,967,948 +$7,444,456 520% 91
2025 Q1 25,109,356 $130,533,909 -$16,937,685 520% 92
2024 Q4 28,275,872 $147,056,168 -$9,037,899 519% 107
2024 Q3 28,940,150 $177,311,270 -$9,528,833 613% 98
2024 Q2 30,404,100 $189,907,806 +$10,123,226 625% 98
2024 Q1 28,646,638 $201,144,975 +$25,365,928 703% 102
2023 Q4 25,719,756 $197,514,171 +$6,572,505 769% 101
2023 Q3 24,619,697 $197,632,513 +$5,257,375 804% 102
2023 Q2 23,902,563 $215,532,232 -$5,759,089 903% 95
2023 Q1 24,508,395 $215,413,443 +$374,788 879% 96
2022 Q4 24,438,348 $251,827,979 +$2,598,151 1,030% 98
2022 Q3 23,211,590 $225,885,601 -$7,656,223 972% 89
2022 Q2 23,979,522 $269,979,817 +$4,258,681 1,126.02% 97
2022 Q1 22,899,623 $273,406,121 -$9,388,477 1,194% 93
2021 Q4 24,582,360 $270,172,969 -$31,307,490 1,099% 98
2021 Q3 27,209,616 $293,170,438 +$26,286,836 1,076.93% 98
2021 Q2 24,150,323 $263,604,096 -$13,114,131 1,090.99% 95
2021 Q1 25,387,597 $282,037,150 +$3,136,548 1,109% 92
2020 Q4 25,657,571 $263,937,112 -$26,488,048 1,027.96% 96
2020 Q3 28,628,668 $244,392,845 -$26,982,782 858.96% 97
2020 Q2 31,872,155 $256,685,840 -$10,309,078 804.99% 100
2020 Q1 32,831,977 $280,085,086 -$1,743,640 852.98% 107
2019 Q4 32,443,044 $403,298,681 -$4,543,697 1,242.99% 102
2019 Q3 27,456,747 $366,593,027 +$12,579,189 1,335.01% 83
2019 Q2 31,278,720 $432,731,128 +$17,892,994 1,383.91% 79
2019 Q1 29,968,496 $416,119,219 +$11,142,570 1,389% 82
2018 Q4 29,360,379 $374,953,000 +$20,856,918 1,280% 78
2018 Q3 25,995,484 $400,814,314 -$1,350,817 1,541.98% 71
2018 Q2 26,108,412 $407,860,000 +$26,179,661 1,562% 69
2018 Q1 24,430,793 $390,650,000 +$16,663,578 1,598.98% 63
2017 Q4 23,612,130 $365,747,000 +$331,629,828 1,549.96% 54
2016 Q1 2,954 $41,000 $0 1,387.95% 1