HFRO · Insider Trading
Highland Opportunities and Income Fund
Every open-market purchase and sale reported by HFRO officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.
| Filed | Insider | Role | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-11 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +123,589 | +$850.29K |
| 2026-06-08 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +24,776 | +$166.47K |
| 2026-06-04 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +28,440 | +$189.41K |
| 2026-06-03 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +83,866 | +$561.86K |
| 2026-06-01 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +41,899 | +$273.94K |
| 2026-05-28 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +15,858 | +$99.43K |
| 2026-05-26 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +20,490 | +$128.06K |
| 2026-05-21 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +62,976 | +$391.22K |
| 2026-05-19 | Saba Capital Management, L.P. | 10%+ Owner | Buy | +16,100 | +$99.50K |
| 2022-12-06 | Robert J Froehlich | Director | Sell | −767 | −$8.60K |
| 2022-07-01 | Frank George Waterhouse | See Remarks | A | +16,949 deriv. | — |
| 2022-06-30 | Stephanie Vitiello | Chief Compliance Officer | A | +2,295 deriv. | — |
| 2022-06-30 | Dustin David Norris | Executive Vice President | A | +42,372 deriv. | — |
| 2021-11-16 | Robert Jason Post | Chief Compliance Officer | J | −1,548 deriv. | — |
| 2021-07-29 | Frank George Waterhouse | See Remarks | J | +39,758 deriv. | — |
| 2021-06-17 | Dustin David Norris | Executive Vice President | J | +27,322 deriv. | — |
| 2021-06-17 | Robert Jason Post | Chief Compliance Officer | J | +1,548 deriv. | — |
| 2021-06-17 | Frank George Waterhouse | See Remarks | J | +12,522 deriv. | — |
| 2020-10-16 | Robert J Froehlich | Director | Buy | +827 | +$7.58K |
| 2018-03-22 | Dustin David Norris | Secretary | Buy | −312 | −$5.00K |
| 2017-12-20 | James Bradley Ross | See Remarks | Sell | −9,431 | −$144.68K |
| Insider | Role | Shares Held | Value |
|---|---|---|---|
| Saba Capital Management, L.P. | 10%+ Owner | 5,976,204 | $36.25M |
Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.
Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.
Full filing history and per-insider positions are on the HFRO quote page; the site-wide leaderboard is on the insider transactions hub.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.