HFRONYSEFiscal year ends June 30Also trades as HFRO.PA, HFRO.PB
HIGHLAND OPPORTUNITIES & INCOME FUND
$6.10−0.09 (-1.45%)
Close on Oct 19, 2026
- Market cap
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- P/E (TTM)
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- Dividend yield
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Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
33M
Shares held, 13F filers
Institutional holders
92
11 new, 13 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
13 buys · 0 sales
Net bought $2.76M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Saba Capital Management GP, LLC | 5,799,399 | 10.47% | 13D (active) amendment | Jun 2, 2026 |
| Dondero James D | 5,218,876 | 9.60% | 13D (active) amendment | Jul 27, 2026 |
| Boaz R. Weinstein | 5,205,867 | 9.40% | 13D (active) amendment | Apr 10, 2026 |
| Morgan Stanley | 2,822,774 | 5.10% | 13G (passive) amendment | Dec 31, 2025 |
| Thomas J. Herzfeld Advisors, Inc. | 2,797,151 | 5.05% | 13G (passive) | Sep 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HFRO | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 5,976,204 | – | $42.61M | +828,967 | 1.09% |
| Nexpoint Asset Management, L.P. | 4,599,295 | – | $32.79M | +470,400 | 2.19% |
| Raymond James Financial Inc | 3,979,624 | – | $28.37M | +58,645 | 0.01% |
| Thomas J. Herzfeld Advisors, Inc. | 2,676,474 | – | $19.08M | −39,187 | 5.86% |
| Morgan Stanley | 2,487,826 | – | $17.74M | −56,567 | 0.00% |
| Envestnet Asset Management Inc | 2,183,464 | – | $15.57M | +36,125 | 0.00% |
| Cambridge Investment Research Advisors, Inc. | 1,889,386 | – | $13.47K | +923,507 | 0.02% |
| Invesco Ltd. | 1,161,203 | – | $8.28M | −247,603 | 0.00% |
| Atlas Wealth LLC | 1,030,976 | – | $7.35M | New | 1.05% |
| Matisse Capital | 617,000 | – | $4.40M | – | 1.76% |
| LPL Financial LLC | 615,069 | – | $4.39M | −7,637 | 0.00% |
| Royal Bank of Canada | 544,380 | – | $3.88M | −86,832 | 0.00% |
| Oppenheimer & Co Inc | 532,264 | – | $3.80M | +72,042 | 0.04% |
| Geneos Wealth Management Inc. | 525,538 | – | $3.75M | −147,262 | 0.08% |
| Altium Capital Management LP | 317,055 | – | $2.26M | +39,987 | 4.76% |
| Camelot Portfolios, LLC | 310,043 | – | $2.21M | −7,019 | 1.55% |
| Closed-End Fund Advisors, Inc. | 237,067 | – | $1.69M | +1,743 | 1.65% |
| Choreo, LLC | 206,145 | – | $1.47M | −11,817 | 0.02% |
| Landscape Capital Management, L.L.C. | 181,396 | – | $1.29M | – | 0.08% |
| Park Avenue Securities LLC | 176,281 | – | $1.26K | −5,397 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 92 | 33M | 11 / 27 | 30 / 13 | 4M | 1M |
| Q1 2026 | 95 | 30M | 5 / 30 | 31 / 12 | 2M | 1M |
| Q4 2025 | 105 | 30M | 22 / 25 | 30 / 11 | 4M | 2M |
| Q3 2025 | 94 | 28M | 16 / 21 | 31 / 12 | 4M | 4M |
| Q2 2025 | 92 | 28M | 10 / 32 | 26 / 12 | 4M | 2M |
| Q1 2025 | 96 | 26M | 9 / 27 | 42 / 23 | 3M | 5M |
| Q4 2024 | 112 | 29M | 24 / 28 | 38 / 10 | 7M | 4M |
| Q3 2024 | 101 | 29M | 12 / 37 | 34 / 12 | 2M | 4M |
| Q2 2024 | 101 | 31M | 13 / 44 | 25 / 19 | 4M | 9M |
| Q1 2024 | 107 | 36M | 19 / 43 | 26 / 15 | 8M | 1M |
| Q4 2023 | 104 | 30M | 14 / 42 | 27 / 13 | 7M | 2M |
| Q3 2023 | 105 | 25M | 15 / 40 | 26 / 6 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HFRO | Value | % of fund | As of |
|---|---|---|---|---|---|
| Invesco CEF Income Composite ETF | 1,421,078 | – | $9.21M | 1.11% | May 31, 2026 |
| Saba Closed-End Funds ETF | 942,083 | – | $6.10M | 1.45% | May 31, 2026 |
| Matisse Discounted Closed-End Fund Strategy | 380,000 | – | $2.71M | 3.61% | Jun 30, 2026 |
| Modern Capital Tactical Income Fund | 165,910 | – | $1.18M | 1.74% | Jun 30, 2026 |
| Calamos CEF Income & Arbitrage ETF | 81,983 | – | $616.51K | 1.82% | Jul 31, 2026 |
| Prospera Income ETF | 11,840 | – | $84.42K | 1.21% | Jun 30, 2026 |
| Multi-Hedge Strategies Fund | 393 | – | $2.80K | 0.01% | Jun 30, 2026 |
| Guggenheim Multi-Hedge Strategies Fund | 138 | – | $984 | 0.01% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Saba Capital Management, L.P. | 10% owner | 5,976,204 | Jun 11, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Saba Capital Management, L.P. 10% owner | Jun 9, 2026 | Buy | +123,589 | $6.88 | $850.29K | 5,976,204 |
| Saba Capital Management, L.P. 10% owner | Jun 5, 2026 | Buy | +6,759 | $6.69 | $45.22K | 5,852,615 |
| Saba Capital Management, L.P. 10% owner | Jun 4, 2026 | Buy | +18,017 | $6.73 | $121.25K | 5,845,856 |
| Saba Capital Management, L.P. 10% owner | Jun 3, 2026 | Buy | +28,440 | $6.66 | $189.41K | 5,827,839 |
| Saba Capital Management, L.P. 10% owner | Jun 2, 2026 | Buy | +78,346 | $6.71 | $525.70K | 5,799,399 |
| Saba Capital Management, L.P. 10% owner | Jun 1, 2026 | Buy | +5,520 | $6.55 | $36.16K | 5,721,053 |
| Saba Capital Management, L.P. 10% owner | May 29, 2026 | Buy | +31,928 | $6.55 | $209.13K | 5,715,533 |
| Saba Capital Management, L.P. 10% owner | May 28, 2026 | Buy | +9,971 | $6.50 | $64.81K | 5,683,605 |
| Saba Capital Management, L.P. 10% owner | May 26, 2026 | Buy | +15,858 | $6.27 | $99.43K | 5,673,634 |
| Saba Capital Management, L.P. 10% owner | May 21, 2026 | Buy | +20,490 | $6.25 | $128.06K | 5,657,776 |
| Saba Capital Management, L.P. 10% owner | May 20, 2026 | Buy | +40,591 | $6.23 | $252.88K | 5,637,286 |
| Saba Capital Management, L.P. 10% owner | May 19, 2026 | Buy | +22,385 | $6.18 | $138.34K | 5,596,695 |
| Saba Capital Management, L.P. 10% owner | May 18, 2026 | Buy | +16,100 | $6.18 | $99.50K | 5,574,310 |
| Robert J. Froehlich Director | Dec 5, 2022 | Sale | −767 | $11.21 | $8.60K | 1,770 |
| Robert J. Froehlich Director | Oct 13, 2020 | Buy | +697 | $8.47 | $5.90K | 1,212 |
| Robert J. Froehlich Director | Feb 25, 2020 | Buy | +130 | $12.89 | $1.68K | 515 |
| Dustin David Norris Secretary, Director | Mar 21, 2018 | Buy | −312.03 | $16.02 | $5.00K | 359 |
| James Bradley Ross See Remarks | Dec 1, 2017 | Sale | −9,431 | $15.34 | $144.67K | 37,726 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.