We report on the fabrication of NiTiHf high temperature shape memory alloys (SMAs) via laser powder bed fusion (LPBF), which are almost free of micro-pores and display (Ti, Hf)2Ni nanoprecipitates with variable size and volume fraction. The effect of variable laser powers of 50 W, 60 W and 70 W on the martensite variant microstructures and mechanical properties of the LPBFed SMAs was investigated. Interestingly, all LPBFed NiTiHf samples display enhanced thermal cycle stability of transformation temperatures with a temperature eviation of −3°C, which is attributed to the lack of dislocation slip originated from the habit plane configuration characteristic with multidomain (001) martensite compound twins. Meanwhile, all LPBFed NiTiHf samples exhibit trained one-way and two-way shape memory effects due to the dislocation slip upon compression deformation at room temperature.