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

SecurityHFRO / Highland Funds I - Highland Opportunities and Income Fund
InstitutionIFP Advisors, Inc
Latest Disclosed Ownership4,017 shares
Latest Disclosed Value $ 22,937
IFP Advisors, Inc reports 23.08% decrease in ownership of HFRO / Highland Funds I - Highland Opportunities and Income Fund

On April 13, 2026 - IFP Advisors, Inc filed a 13F-HR form disclosing ownership of 4,017 shares of Highland Funds I - Highland Opportunities and Income Fund (US:HFRO) valued at $22,937 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 5,222 shares of Highland Funds I - Highland Opportunities and Income Fund. This represents a change in shares of -23.08% during the quarter. The current value of the position is $27,034 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)
2026-04-13 2026-03-31 13F HIGHLAND OPPS & INCOME FD mf 43010E404 4,017 -1,205 -23.08 23 -29.03 0.0005
2026-02-06 2025-12-31 13F HIGHLAND OPPS & INCOME FD mf 43010E404 5,222 5,222 31 0.0007
2026-02-06 2025-09-30 13F/A-1 HIGHLAND OPPS & INCOME mf 43010E404 0 -1,166 -100.00 0 -100.00
2025-12-02 2025-09-30 13F HIGHLAND OPPS & INCOME mf 43010E404 0 -1,166 0
2025-07-24 2025-06-30 13F HIGHLAND OPPS & INCOME mf 43010E404 1,166 8 0.69 6 0.00 0.0002
2025-05-05 2025-03-31 13F HIGHLAND OPPS & INCOME FD mf 43010E404 1,158 25 2.21 6 20.00 0.0002
2025-02-04 2024-12-31 13F HIGHLAND OPPORTUNITIES mf 43010E404 1,133 23 2.07 6 -16.67 0.0002
2025-02-04 2024-09-30 13F HIGHLAND OPPORTUNITIES mf 43010E404 1,110 21 1.93 7 0.00 0.0002
2024-07-30 2024-06-30 13F HIGHLAND OPPORTUNITIES mf 43010E404 1,089 19 1.78 7 -14.29 0.0003
2024-07-30 2024-03-31 13F HIGHLAND OPPORTUNITIES mf 43010E404 1,070 19 1.81 8 -12.50 0.0003
2024-01-09 2023-12-31 13F HIGHLAND OPPORTUNITIES mf 43010E404 1,051 31 3.04 8 0.00 0.0004
2023-10-12 2023-09-30 13F HIGHLAND OPPORTUNITIES mf 43010E404 1,020 -2,418 -70.33 8 -74.19 0.0004
2023-08-14 2023-06-30 13F/A-1 HIGHLAND OPPORTUNITIES mf 43010E404 3,438 434 14.45 31 -34.04 0.0013
2023-08-04 2023-06-30 13F HIGHLAND OPPORTUNITIES mf 43010E404 3,438 434 54 0.0025
2023-04-18 2023-03-31 13F HIGHLAND INCOME FD mf 43010E404 3,004 2,350 359.33 48 0.0021
2023-02-07 2022-12-31 13F HIGHLAND INCOME FD mf 43010E404 654 -1,079 -62.26 0 -100.00 0.0003
2022-11-08 2022-09-30 13F HIGHLAND INCOME FD mf 43010E404 1,733 20 1.17 27 0.00 0.0007
2022-09-06 2022-06-30 13F/A-1 HIGHLAND INCOME FD mf 43010E404 1,713 0 0.00 27 0.00 0.0009
2022-09-06 2022-03-31 13F/A-1 HIGHLAND INCOME FD mf 43010E404 1,713 -1,241 -42.01 27 -34.15 0.0009
2019-05-15 2019-03-31 13F HIGHLAND FLOATING RATEOPPTYS ETF 43010E404 2,954 -1,460 -33.08 41 -25.45 0.0056
2019-06-03 2018-12-31 13F/A-10 HIGHLAND FLOATNG RATE OPPRT II SHS BEN INT CEF 43010E404 4,414 -409,367 -98.93 55 -99.14 0.0034
2019-01-23 2018-12-31 13F HIGHLAND FLOATNG RATE OPPRT II SHS BEN INT CEF 43010E404 4,414 -6,649 55 0.0034
2019-06-03 2018-09-30 13F/A-9 HIGHLAND FLOATNG RATE OPPRT II SHS BEN INT CEF 43010E404 413,781 -25,696 -5.85 6,380 -7.06 0.2600
2018-10-25 2018-09-30 13F HIGHLAND FLOATNG RATE OPPRT II SHS BEN INT CEF 43010E404 413,781 400,754 6,380 0.2600
2019-06-03 2018-06-30 13F/A-8 HIGHLAND FLOATNG RATE OPPRT II SHS BEN INT CEF 43010E404 439,477 530 0.12 6,865 -2.19 0.2887
2018-08-07 2018-06-30 13F HIGHLAND FLOATNG RATE OPPRT II SHS BEN INT CEF 43010E404 439,477 424,955 6,865
2018-05-09 2018-03-31 13F HIGHLAND FLOATNG RATE OPPRT II SHS BEN INT CEF 43010E404 438,947 435,993 14,759.41 7,019 17,019.51 0.3149
2019-06-03 2016-03-31 13F/A-1 HIGHLAND FLOATING RATEOPPTYS ETF 43010E404 2,954 2,954 41 0.0056
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.