HIGHLAND INCOME FD

CUSIP: 43010E404 Class: HIGHLAND INCOME

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
Saba Capital Management, L.P.4,674,016$27,951
RAYMOND JAMES FINANCIAL INC3,791,936$22,676
NEXPOINT ASSET MANAGEMENT, L.P.3,673,047$21,965
MORGAN STANLEY2,822,936$16,881
Thomas J. Herzfeld Advisors, Inc.2,457,285$14,695
ENVESTNET ASSET MANAGEMENT INC2,100,795$12,563
Invesco Ltd.1,367,754$8,179
Cambridge Investment Research Advisors, Inc.950,061$6
Geneos Wealth Management Inc.928,473$5,552
ROYAL BANK OF CANADA667,601$3,992
LPL Financial LLC636,467$3,806
Matisse Capital617,000$3,690
OPPENHEIMER & CO INC449,790$2,690
Camelot Portfolios, LLC353,602$2,115
Marex Group plc285,112$1,705
Closed-End Fund Advisors, Inc.235,136$1,406
CHOREO, LLC230,630$1,390
North Ground Capital192,701$1,152
PARK AVENUE SECURITIES LLC184,621$1
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.181,396$1,085
Arlington Capital Management, Inc.151,205$904
IHT Wealth Management, LLC147,653$883
Altium Capital Management LP143,059$855
Concorde Asset Management, LLC139,460$834
Aristides Capital LLC133,496$798
NewEdge Advisors, LLC130,626$781
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC126,901$759
NATIONS FINANCIAL GROUP INC, /IA/ /ADV122,317$731
HighTower Advisors, LLC118,665$710
JANE STREET GROUP, LLC117,452$702
OSAIC HOLDINGS, INC.106,141$635
Baird Financial Group, Inc.96,591$578
GILPIN WEALTH MANAGEMENT, LLC90,956$544
AEGON USA Investment Management, LLC88,168$527
Samalin Investment Counsel, LLC84,056$503
SUSQUEHANNA INTERNATIONAL GROUP, LLP77,525$464
Cetera Investment Advisers55,565$332
Ariadne Wealth Management, LP52,890$340
Creative Planning45,988$275
Papamarkou Wellner Asset Management inc.45,000$269
Calamos Advisors LLC42,776$256
INTEGRATED CAPITAL MANAGEMENT, INC.39,358$235
XTX Topco Ltd37,854$226
MidWestOne Financial Group, Inc.36,578$219
MERCER GLOBAL ADVISORS INC /ADV35,831$214
Kestra Advisory Services, LLC34,177$204
HB Wealth Management, LLC32,550$195
CSS LLC/IL32,516$194
EVOLVE PRIVATE WEALTH, LLC31,437$188
Mariner, LLC30,573$183
MELFA WEALTH MANAGEMENT, LLC29,135$174
MILLENNIUM MANAGEMENT LLC28,850$173
Janney Montgomery Scott LLC24,459$0
Keystone Wealth Services, LLC20,925$125
NWF Advisory Services Inc.20,700$124
CITADEL ADVISORS LLC20,046$120
Abel Hall, LLC20,000$120
MML INVESTORS SERVICES, LLC19,703$118
UBS Group AG18,958$113
One Charles Private Wealth Services, LLC17,248$103
Yakira Capital Management, Inc.15,655$94
LifeWealth Investments, LLC14,625$87
CHANNEL WEALTH LLC14,216$85
COMMONWEALTH EQUITY SERVICES, LLC13,550$81
Capital Investment Advisory Services, LLC13,359$80
U.S. Capital Wealth Advisors, LLC12,827$77
STEPHENS INC /AR/12,743$76
Koshinski Asset Management, Inc.11,625$70
Bulldog Investors, LLP10,715$64
K2 PRINCIPAL FUND, L.P.10,033$60
NOMURA HOLDINGS INC10,000$60
COMERICA BANK6,156$37
SUMMIT SECURITIES GROUP LLC5,658$34
Legacy Wealth Managment, LLC/ID5,237$31
IFP Advisors, Inc5,222$31
Rockefeller Capital Management L.P.5,178$31
Basepoint Wealth LLC3,671$22
Pinnacle Wealth Planning Services, Inc.2,520$15
Kilter Group LLC2,192$13
Byrne Asset Management LLC1,800$11
US BANCORP \DE\1,775$11
ASSETMARK, INC1,500$9
Steward Partners Investment Advisory, LLC1,261$8
FLAGSHIP HARBOR ADVISORS, LLC977$6
Triumph Capital Management900$5
Spire Wealth Management500$3
HIGHLINE WEALTH PARTNERS LLC500$3
CIBC Private Wealth Group, LLC419$3
Tower Research Capital LLC (TRC)409$2
Sound Income Strategies, LLC382$2
CALDWELL SUTTER CAPITAL, INC.285$2
GABLES CAPITAL MANAGEMENT INC.269$2
SHP Wealth Management211$1
Keating Financial Advisory Services, Inc.164$1
Inlight Wealth Management, LLC159$1
Mountain Hill Investment Partners Corp.123$1
Cedar Mountain Advisors, LLC82$0
Sunrise Financial Services, LLC70$0
MAI Capital Management59$0
FMR LLC23$0
2 other institutions3$0
Total (102 institutions)29,634,800$170,325