Highland Funds I - Highland Opportunities and Income Fund
US ˙ NYSE

SecurityHFRO / Highland Funds I - Highland Opportunities and Income Fund
InstitutionAdvisory Services Network, LLC
Latest Disclosed Ownership7,458 shares
Latest Disclosed Value $ 42,585
Advisory Services Network, LLC ownership in HFRO / Highland Funds I - Highland Opportunities and Income Fund

On May 15, 2026 - Advisory Services Network, LLC filed a 13F-HR form disclosing ownership of 7,458 shares of Highland Funds I - Highland Opportunities and Income Fund (US:HFRO) valued at $42,585 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 0 shares of Highland Funds I - Highland Opportunities and Income Fund. The current value of the position is $50,192 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F HIGHLAND INCOME CEF CEF 43010E404 7,458 7,458 43 0.0004
2026-02-17 2025-12-31 13F HIGHLAND OPPS & INCOME FD CEF 43010E404 0 -8,171 -100.00 0 -100.00
2025-11-18 2025-09-30 13F HIGHLAND OPPS & INCOME FD CEF 43010E404 8,171 8,171 52 0.0008
2024-05-06 2024-03-31 13F HIGHLAND OPPORTUNITIES CEF 43010E404 0 -2,589 -100.00 0 -100.00
2024-02-09 2023-12-31 13F HIGHLAND OPPORTUNITIES CEF 43010E404 2,589 2,589 20 0.0005
2023-08-09 2023-06-30 13F HIGHLAND INCOME FD CEF 43010E404 0 -4,070 -100.00 0 -100.00
2023-05-17 2023-03-31 13F HIGHLAND INCOME FD CEF 43010E404 4,070 10 0.25 36 -14.63 0.0010
2023-02-13 2022-12-31 13F HIGHLAND INCOME FD CEF 43010E404 4,060 4,060 42 0.0013
2022-05-23 2022-03-31 13F HIGHLAND INCOME FD CEF 43010E404 0 -14,022 -100.00 0 -100.00
2022-02-14 2021-12-31 13F HIGHLAND INCOME FD CEF 43010E404 14,022 775 5.85 154 7.69 0.0044
2021-11-05 2021-09-30 13F HIGHLAND INCOME FD CEF 43010E404 13,247 0 0.00 143 -1.38 0.0045
2021-08-12 2021-06-30 13F HIGHLAND INCOME FD CEF 43010E404 13,247 13,247 145 0.0046
2021-05-24 2021-03-31 13F HIGHLAND INCOME FD CEF 43010E404 0 -11,704 -100.00 0 -100.00
2021-02-09 2020-12-31 13F HIGHLAND INCOME FD CEF 43010E404 11,704 -42,230 -78.30 120 -74.08 0.0048
2020-11-16 2020-09-30 13F HIGHLAND INCOME FD CEF 43010E404 53,934 1,145 2.17 463 8.94 0.0218
2020-08-10 2020-06-30 13F HIGHLAND INCOME CEF CEF 43010E404 52,789 20,454 63.26 425 53.99 0.0233
2020-05-15 2020-03-31 13F HIGHLAND INCOME FD CEF 43010E404 32,335 11,009 51.62 276 4.15 0.0181
2020-02-04 2019-12-31 13F HIGHLAND INCOME FUND CEF 43010E404 21,326 21,326 265 0.0139
2019-08-01 2019-06-30 13F HIGHLAND FLOATNG RATE OPPRT CEF 43010E404 0 -7,850 -100.00 0 -100.00
2019-05-20 2019-03-31 13F HIGHLAND FLOATNG RATE OPPRT CEF 43010E404 7,850 -97,646 -92.56 109 -91.93 0.0077
2019-02-15 2018-12-31 13F HIGHLAND FLOATNG RATE OPPRT CEF 43010E404 105,496 -148,896 -58.53 1,350 -65.59 0.1178
2018-11-02 2018-09-30 13F HIGHLAND FLOATNG RATE OPPRT CEF 43010E404 254,392 7,994 3.24 3,923 0.95 0.2863
2018-07-27 2018-06-30 13F HIGHLAND FLOATNG RATE OPPRT CEF 43010E404 246,398 63,200 34.50 3,886 32.67 0.2960
2018-04-23 2018-03-31 13F HIGHLAND FLOATNG RATE OPPRT CEF 43010E404 183,198 42,450 30.16 2,929 34.23 0.2340
2018-02-08 2017-12-31 13F HIGHLAND FLOATNG RATE OPPRT CEF 43010E404 140,748 140,748 2,182 0.1902
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.