HIGHLAND INCOME FD

Institution	Shares	Value ($000)
Altium Capital Management LP	143,059	$855
Basepoint Wealth LLC	3,671	$22
XTX Topco Ltd	37,854	$226
K2 PRINCIPAL FUND, L.P.	10,033	$60
SUMMIT SECURITIES GROUP LLC	5,658	$34
MERCER GLOBAL ADVISORS INC /ADV	35,831	$214
CITADEL ADVISORS LLC	20,046	$120
NOMURA HOLDINGS INC	10,000	$60
IFP Advisors, Inc	5,222	$31
Pinnacle Wealth Planning Services, Inc.	2,520	$15
Triumph Capital Management	900	$5
ASSETMARK, INC	1,500	$9
FLAGSHIP HARBOR ADVISORS, LLC	977	$6
HIGHLINE WEALTH PARTNERS LLC	500	$3
Tower Research Capital LLC (TRC)	409	$2

Increased Positions (22)

NEXPOINT ASSET MANAGEMENT, L.P.

Value ($000) $21,965 (+22.7%) Shares 3,673,047 (+30.3%)

Saba Capital Management, L.P.

Value ($000) $27,951 (+18.0%) Shares 4,674,016 (+25.3%)

Concorde Asset Management, LLC

Value ($000) $834 (+102.2%) Shares 139,460 (+112.3%)

Papamarkou Wellner Asset Management inc.

Value ($000) $269 (+41.3%) Shares 45,000 (+50.0%)

Marex Group plc

Value ($000) $1,705 (+246.1%) Shares 285,112 (+267.5%)

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

Value ($000) $759 (+0.0%) Shares 126,901 (+6.2%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $22,676 (+10.3%) Shares 3,791,936 (+17.2%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $12,563 (+8.6%) Shares 2,100,795 (+15.3%)

JANE STREET GROUP, LLC

Value ($000) $702 (+105.4%) Shares 117,452 (+118.1%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $464 (+157.6%) Shares 77,525 (+173.5%)

Invesco Ltd.

Value ($000) $8,179 (-3.2%) Shares 1,367,754 (+2.8%)

CHOREO, LLC

Value ($000) $1,390 (-1.1%) Shares 230,630 (+4.2%)

Kestra Advisory Services, LLC

Value ($000) $204 (+49.8%) Shares 34,177 (+59.0%)

Calamos Advisors LLC

Value ($000) $256 (+24.4%) Shares 42,776 (+32.1%)

NewEdge Advisors, LLC

Value ($000) $781 (+1.7%) Shares 130,626 (+8.0%)

Baird Financial Group, Inc.

Value ($000) $578 (-4.1%) Shares 96,591 (+1.8%)

Keystone Wealth Services, LLC

Value ($000) $125 (-4.1%) Shares 20,925 (+1.8%)

Capital Investment Advisory Services, LLC

Value ($000) $80 (-4.3%) Shares 13,359 (+1.6%)

Kilter Group LLC

Value ($000) $13 (-4.1%) Shares 2,192 (+1.9%)

Cambridge Investment Research Advisors, Inc.

Value ($000) $6 (-4.3%) Shares 950,061 (+1.6%)

Institution	Prev Shares	Curr Shares	Change
NEXPOINT ASSET MANAGEMENT, L.P.	2,818,047	3,673,047	+855,000 (+30.3%)
Saba Capital Management, L.P.	3,729,880	4,674,016	+944,136 (+25.3%)
Concorde Asset Management, LLC	65,700	139,460	+73,760 (+112.3%)
Papamarkou Wellner Asset Management inc.	30,000	45,000	+15,000 (+50.0%)
Marex Group plc	77,571	285,112	+207,541 (+267.5%)
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC	119,450	126,901	+7,451 (+6.2%)
RAYMOND JAMES FINANCIAL INC	3,236,075	3,791,936	+555,861 (+17.2%)
ENVESTNET ASSET MANAGEMENT INC	1,822,324	2,100,795	+278,471 (+15.3%)
JANE STREET GROUP, LLC	53,855	117,452	+63,597 (+118.1%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	28,345	77,525	+49,180 (+173.5%)
Invesco Ltd.	1,330,719	1,367,754	+37,035 (+2.8%)
CHOREO, LLC	221,418	230,630	+9,212 (+4.2%)
Kestra Advisory Services, LLC	21,490	34,177	+12,687 (+59.0%)
Calamos Advisors LLC	32,372	42,776	+10,404 (+32.1%)
NewEdge Advisors, LLC	120,911	130,626	+9,715 (+8.0%)
Baird Financial Group, Inc.	94,898	96,591	+1,693 (+1.8%)
Keystone Wealth Services, LLC	20,545	20,925	+380 (+1.8%)
Capital Investment Advisory Services, LLC	13,153	13,359	+206 (+1.6%)
Kilter Group LLC	2,152	2,192	+40 (+1.9%)
Cambridge Investment Research Advisors, Inc.	934,988	950,061	+15,073 (+1.6%)

Decreased Positions (27)

Thomas J. Herzfeld Advisors, Inc.

Value ($000) $14,695 (-17.2%) Shares 2,457,285 (-12.1%)

Camelot Portfolios, LLC

Value ($000) $2,115 (-18.0%) Shares 353,602 (-12.9%)

AEGON USA Investment Management, LLC

Value ($000) $527 (-21.6%) Shares 88,168 (-16.7%)

Arlington Capital Management, Inc.

Value ($000) $904 (-10.1%) Shares 151,205 (-4.6%)

Samalin Investment Counsel, LLC

Value ($000) $503 (-24.1%) Shares 84,056 (-19.5%)

North Ground Capital

Value ($000) $1,152 (-7.9%) Shares 192,701 (-2.2%)

Geneos Wealth Management Inc.

Value ($000) $5,552 (-10.9%) Shares 928,473 (-5.4%)

NWF Advisory Services Inc.

Value ($000) $124 (-48.3%) Shares 20,700 (-45.1%)

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $81 (+2041.4%) Shares 13,550 (-97.7%)

IHT Wealth Management, LLC

Value ($000) $883 (-27.9%) Shares 147,653 (-23.5%)

OSAIC HOLDINGS, INC.

Value ($000) $635 (-65.9%) Shares 106,141 (-64.7%)

INTEGRATED CAPITAL MANAGEMENT, INC.

Value ($000) $235 (-9.5%) Shares 39,358 (-3.9%)

MORGAN STANLEY

Value ($000) $16,881 (-16.6%) Shares 2,822,936 (-11.4%)

NATIONS FINANCIAL GROUP INC, /IA/ /ADV

Value ($000) $731 (-11.5%) Shares 122,317 (-6.0%)

ROYAL BANK OF CANADA

Value ($000) $3,992 (-10.4%) Shares 667,601 (-4.9%)

LPL Financial LLC

Value ($000) $3,806 (-9.6%) Shares 636,467 (-4.0%)

Cetera Investment Advisers

Value ($000) $332 (-26.9%) Shares 55,565 (-22.4%)

UBS Group AG

Value ($000) $113 (-44.7%) Shares 18,958 (-41.2%)

Rockefeller Capital Management L.P.

Value ($000) $31 (-61.8%) Shares 5,178 (-59.5%)

MILLENNIUM MANAGEMENT LLC

Value ($000) $173 (-23.9%) Shares 28,850 (-19.2%)

Institution	Prev Shares	Curr Shares	Change
Thomas J. Herzfeld Advisors, Inc.	2,796,339	2,457,285	-339,054 (-12.1%)
Camelot Portfolios, LLC	406,172	353,602	-52,570 (-12.9%)
AEGON USA Investment Management, LLC	105,895	88,168	-17,727 (-16.7%)
Arlington Capital Management, Inc.	158,438	151,205	-7,233 (-4.6%)
Samalin Investment Counsel, LLC	104,353	84,056	-20,297 (-19.5%)
North Ground Capital	196,996	192,701	-4,295 (-2.2%)
Geneos Wealth Management Inc.	981,727	928,473	-53,254 (-5.4%)
NWF Advisory Services Inc.	37,700	20,700	-17,000 (-45.1%)
COMMONWEALTH EQUITY SERVICES, LLC	595,969	13,550	-582,419 (-97.7%)
IHT Wealth Management, LLC	192,918	147,653	-45,265 (-23.5%)
OSAIC HOLDINGS, INC.	300,777	106,141	-194,636 (-64.7%)
INTEGRATED CAPITAL MANAGEMENT, INC.	40,939	39,358	-1,581 (-3.9%)
MORGAN STANLEY	3,187,631	2,822,936	-364,695 (-11.4%)
NATIONS FINANCIAL GROUP INC, /IA/ /ADV	130,086	122,317	-7,769 (-6.0%)
ROYAL BANK OF CANADA	701,695	667,601	-34,094 (-4.9%)
LPL Financial LLC	663,043	636,467	-26,576 (-4.0%)
Cetera Investment Advisers	71,596	55,565	-16,031 (-22.4%)
UBS Group AG	32,256	18,958	-13,298 (-41.2%)
Rockefeller Capital Management L.P.	12,770	5,178	-7,592 (-59.5%)
MILLENNIUM MANAGEMENT LLC	35,717	28,850	-6,867 (-19.2%)

Exited Positions (11)

Catalyst Funds Management Pty Ltd

Value ($000) $69 Shares 10,800

B. Riley Wealth Advisors, Inc.

Value ($000) $155 Shares 24,430

BALYASNY ASSET MANAGEMENT L.P.

Value ($000) $272 Shares 42,780

GOLDMAN SACHS GROUP INC

Value ($000) $123 Shares 19,357

Advisory Services Network, LLC

Value ($000) $52 Shares 8,171

CREATIVE FINANCIAL DESIGNS INC /ADV

Value ($000) $15 Shares 2,363

BANK OF AMERICA CORP /DE/

Value ($000) $7 Shares 1,059

Russell Investments Group, Ltd.

Value ($000) $3 Shares 400

HRT FINANCIAL LP

Value ($000) $0 Shares 38,356

Wealthspire Advisors, LLC

Value ($000) $0 Shares 7

CWM, LLC

Value ($000) $0 Shares 3,747

Institution	Prev Shares	Prev Value ($000)
Catalyst Funds Management Pty Ltd	10,800	$69
B. Riley Wealth Advisors, Inc.	24,430	$155
BALYASNY ASSET MANAGEMENT L.P.	42,780	$272
GOLDMAN SACHS GROUP INC	19,357	$123
Advisory Services Network, LLC	8,171	$52
CREATIVE FINANCIAL DESIGNS INC /ADV	2,363	$15
BANK OF AMERICA CORP /DE/	1,059	$7
Russell Investments Group, Ltd.	400	$3
HRT FINANCIAL LP	38,356	$0
Wealthspire Advisors, LLC	7	$0
CWM, LLC	3,747	$0