As of November 6, 2026, Highland Opportunities & Income Fund is a publicly traded company (NYSE: HFRO). The largest holder reporting an active stake on Schedule 13D is Saba Capital Management, L.P., at 10.47%. No bankruptcy or receivership appears in its SEC Form 8-K filings. Passive holders reporting on Schedule 13G include Morgan Stanley (5.1%), Thomas J. Herzfeld Advisors, Inc. (5.05%) (Schedule 13D/A, June 4, 2026).
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Is Highland Opportunities & Income Fund a real, registered company?
- Highland Opportunities & Income Fund files with the SEC under CIK 1710680 (its SEC filings).
- Its shares are listed under the ticker HFRO on NYSE (also HFRO-PA, HFRO-PB) (SEC company record).
- Incorporated in Massachusetts; business address in Dallas, Texas, as its SEC filings state.
- Court and bankruptcy records: see Before you sign or pay below.
Before you sign or pay
- Court and bankruptcy: No federal court case or bankruptcy filing found under HIGHLAND OPPORTUNITIES & INCOME FUND in our court records and SEC 8-K records (as of 2026-11-06).
- Ownership: 5%+ holders are reported on Schedule 13D or 13G; the latest names Dondero James D (filed 2026-07-29).
Who are Highland Opportunities & Income Fund's owners and officers?
Highland Opportunities & Income Fund: incorporated in Massachusetts; business address in Dallas, Texas (Schedule 13D/A, 2026-07-29).
| Report | Holder | Share |
|---|---|---|
| Schedule 13D/A, 2026-07-29 | Dondero James D | 9.6% |
| Schedule 13D/A, 2026-06-04 | Saba Capital Management, L.P. | 10.47% |
| Schedule 13D/A, 2026-04-14 | Saba Capital Management, L.P. | 9.4% |
| Schedule 13D/A, 2026-04-01 | Dondero James D | 8.5% |
| Schedule 13G/A, 2026-02-11 | Morgan Stanley | 5.1% |
| Schedule 13D/A, 2025-12-31 | Saba Capital Management, L.P. | 8.3% |
| Schedule 13D/A, 2025-12-11 | Saba Capital Management, L.P. | 7.28% |
| Schedule 13D/A, 2025-12-10 | Dondero James D | 7.5% |
| Schedule 13G/A, 2025-10-31 | Raymond James & Associates | 4.5% |
| Schedule 13G, 2025-10-29 | Thomas J. Herzfeld Advisors, Inc. | 5.05% |
| Schedule 13D/A, 2025-10-07 | Dondero James D | 6.3% |
| Schedule 13D, 2025-09-22 | Dondero James D | 5.2% |
Questions about who owns Highland Opportunities & Income Fund
Who owns Highland Opportunities & Income Fund?
On this page, 4 holders' latest ownership filings report 5% or more of Highland Opportunities & Income Fund: Saba Capital Management, L.P. (10.47%, Schedule 13D/A, filed 2026-06-04), Dondero James D (9.6%, Schedule 13D/A, filed 2026-07-29), Morgan Stanley (5.1%, Schedule 13G/A, filed 2026-02-11) and Thomas J. Herzfeld Advisors, Inc. (5.05%, Schedule 13G, filed 2025-10-29).
Who are the largest shareholders of Highland Opportunities & Income Fund?
By the share each holder's latest filing reports, the largest holders of Highland Opportunities & Income Fund on this page are Saba Capital Management, L.P. (10.47%), Dondero James D (9.6%) and Morgan Stanley (5.1%).
When did Saba Capital Management, L.P. buy into Highland Opportunities & Income Fund?
The filings give report dates, not purchase dates. The earliest filing from Saba Capital Management, L.P. on this page is the Schedule 13D/A, filed 2025-12-11, reporting 7.28%; its latest, Schedule 13D/A filed 2026-06-04, reports 10.47%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 12 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Which insiders own Highland Opportunities & Income Fund shares?
Directors, officers and holders of 10% or more report their shares on Forms 3, 4 and 5. Each line is the latest such report, largest holding first.
- Saba Capital Management, L.P., a 10% owner: 5,976,204 shares, held indirectly through a - (Form 4, 2026-06-11).
Shares only: the company's cover page does not give one share count for a single class, so no percentage is worked out.
How much has Highland Opportunities & Income Fund raised?
No fundraising or offering filing from Highland Opportunities & Income Fund is on file with us.
Keep reading
More on Highland Opportunities & Income Fund and the records around it.
Highland Opportunities & Income Fund elsewhere on the record
- 5%+ stake filings Jul 2026
Companies that share a holder
- DONDERO JAMES D also filed stake reports on 4 other companies: NexPoint Residential Trust, Inc. (Sep 2026), NEXPOINT DIVERSIFIED REAL ESTATE TRUST (Jan 2026), NexPoint Real Estate Finance, Inc. (Jan 2026)
- Thomas J. Herzfeld Advisors, Inc. also filed stake reports on 4 other companies: Saba Capital Income & Opportunities Fund II (Apr 2026), Destra Multi-Alternative Fund (Jul 2025), SuRo Capital Corp. (Jul 2025)
- RAYMOND JAMES & ASSOCIATES also filed stake reports on 7 other companies: Voya Asia Pacific High Dividend Equity Income Fund (Oct 2026)
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