Highland Global Allocation Fund
US ˙ NYSE ˙ US43010T1043

SecurityHGLB / Highland Global Allocation Fund
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership325,051 shares
Latest Disclosed Value $ 2,610,151
Advisor Group Holdings, Inc. reports 6.15% decrease in ownership of HGLB / Highland Global Allocation Fund

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 325,051 shares of Highland Global Allocation Fund (US:HGLB) valued at $2,610,160 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 346,337 shares of Highland Global Allocation Fund. This represents a change in shares of -6.15% during the quarter. The current value of the position is $2,532,147 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)
2026-05-15 2026-03-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 325,051 -21,286 -6.15 2,610 -17.46 0.0022
2026-02-17 2025-12-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 346,337 -3,766 -1.08 3,162 4.74 0.0046
2025-11-14 2025-09-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 350,103 40,247 12.99 3,019 12.02 0.0042
2025-09-04 2025-06-30 13F/A-1 HIGHLAND GLOBAL ALLOCATION F COM 43010T104 309,856 71,742 30.13 2,696 35.91 0.0048
2025-08-13 2025-06-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 246,384 8,270 1,678 0.0019
2025-05-12 2025-03-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 238,114 -12,523 -5.00 1,984 16.24 0.0044
2025-06-06 2024-12-31 13F/A-1 HIGHLAND GLOBAL ALLOCATION F COM 43010T104 250,637 -938 -0.37 1,707 -13.71 0.0038
2025-02-07 2024-12-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 251,619 44 1,973 0.0050
2024-11-13 2024-09-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 251,575 -9,292 -3.56 1,977 0.66 0.0045
2024-08-13 2024-06-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 260,867 -45,891 -14.96 1,964 -16.39 0.0046
2024-05-10 2024-03-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 306,758 -20,297 -6.21 2,350 -8.60 0.0052
2024-02-12 2023-12-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 327,055 -335,308 -50.62 2,571 -51.49 0.0045
2023-11-13 2023-09-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 662,363 331,970 100.48 5,299 85.44 0.0078
2023-08-21 2023-06-30 13F/A-1 HIGHLAND GLOBAL ALLOCATION F COM 43010T104 330,393 -16,855 -4.85 2,858 -8.98 0.0051
2023-08-10 2023-06-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 330,393 -16,855 2,858 0.0008
2023-05-12 2023-03-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 347,248 13,310 3.99 3,139 -0.25 0.0059
2023-02-10 2022-12-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 333,938 8,647 2.66 3,147 10.93 0.0064
2022-11-14 2022-09-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 325,291 14,664 4.72 2,837 -5.53 0.0065
2022-08-10 2022-06-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 310,627 30,290 10.80 3,003 8.80 0.0066
2022-05-04 2022-03-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 280,337 13,660 5.12 2,760 14.10 0.0054
2022-02-03 2021-12-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 266,677 -159 -0.06 2,419 -0.21 0.0046
2021-11-05 2021-09-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 266,836 65 0.02 2,424 0.29 0.0051
2021-08-02 2021-06-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 266,771 94,132 54.53 2,417 81.46 0.0052
2021-05-13 2021-03-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 172,639 58,399 51.12 1,332 78.55 0.0032
2021-02-10 2020-12-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 114,240 3,204 2.89 746 8.43 0.0020
2020-11-12 2020-09-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 111,036 -4,625 -4.00 688 -7.53 0.0021
2020-08-14 2020-06-30 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 115,661 3,207 2.85 744 52.15 0.0025
2020-05-18 2020-03-31 13F HIGHLAND GLOBAL ALLOCATION F COM 43010T104 112,454 112,454 489 0.0020
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.