John Hancock Financial Opportunities Fund
BTO
57 hedge funds and large institutions have $60.1M invested in John Hancock Financial Opportunities Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 23 reducing their positions, and 21 closing their positions.
4.27% less ownership
Funds ownership: 21.78% → 17.51% (-4.3%)
19% less funds holding
Funds holding: 70 → 57 (-13)
39% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 23
52% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 21
59% less capital invested
Capital invested by funds: $148M → $60.1M (-$87.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.24M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$710K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$646K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$532K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$12.7M |
| 2 |
PP
Patten & Patten
Chattanooga,
Tennessee
|
-$9.92M |
| 3 |
OCM
Orleans Capital Management
Mandeville,
Louisiana
|
-$2.39M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.25M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
US Bancorp
Minneapolis,
Minnesota
| – | -$35K | -972 | Closed |
|
|
MPWT
77
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$24K | -650 | Closed |
|
78
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$18K | -500 | Closed |
|
BTO Hedge Fund Activity: Q1 2020 in Review
57 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in John Hancock Financial Opportunities Fund (BTO) for Q1 2020, worth a combined $60.1M — down 59% from $148M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BTO and 10 opened new positions — a net loss of 11 holders — while 23 trimmed existing stakes and 14 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $1.6M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $12.7M sold.
- 57 institutional investors held John Hancock Financial Opportunities Fund (BTO) as of Q1 2020, down from 70 in Q4 2019.
- Funds reported $60.1M of John Hancock Financial Opportunities Fund stock for Q1 2020, down 59% quarter-over-quarter.
- 10 funds opened new John Hancock Financial Opportunities Fund positions in Q1 2020 and 21 closed out, a net change of -11 holders.
- The largest John Hancock Financial Opportunities Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $1.6M added.
- The largest John Hancock Financial Opportunities Fund seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $12.7M sold.
Based on aggregated 13F filings for Q1 2020.