John Hancock Preferred Income Fund II
HPF
46 hedge funds and large institutions have $32M invested in John Hancock Preferred Income Fund II in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 10 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
3% more capital invested
Capital invested by funds: $31M → $32M (+$997K)
0.38% less ownership
Funds ownership: 7.43% → 7.05% (-0.38%)
10% less funds holding
Funds holding: 51 → 46 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.56M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$1.04M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$779K |
| 4 |
HK
Horizon Kinetics
New York
|
+$748K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$518K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.5M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.08M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$980K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$931K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$708K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Squarepoint
New York
| – | -$318K | -16,200 | Closed |
|
|
SFS
52
Shaker Financial Services
Arlington,
Virginia
| – | -$302K | -15,408 | Closed |
|
|
CCP
53
Clough Capital Partners
Boston,
Massachusetts
| – | -$265K | -13,500 | Closed |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| – | -$10K | -500 | Closed |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| – | -$4.6K | -230 | -95% |
|
|
AIM
56
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$2K | -100 | Closed |
|
|
AIA
57
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$1K | -64 | Closed |
|
HPF Hedge Fund Activity: Q1 2016 in Review
46 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund II (HPF) for Q1 2016, worth a combined $32M — up 3.2% from $31M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HPF and 5 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 17 added.
The largest buyer was UBS Group, adding an estimated $1.56M. The largest seller was Credit Suisse, exiting entirely with an estimated $1.5M sold.
- 46 institutional investors held John Hancock Preferred Income Fund II (HPF) as of Q1 2016, down from 51 in Q4 2015.
- Funds reported $32M of John Hancock Preferred Income Fund II stock for Q1 2016, up 3.2% quarter-over-quarter.
- 5 funds opened new John Hancock Preferred Income Fund II positions in Q1 2016 and 10 closed out, a net change of -5 holders.
- The largest John Hancock Preferred Income Fund II buyer in Q1 2016 was UBS Group, an estimated $1.56M added.
- The largest John Hancock Preferred Income Fund II seller in Q1 2016 was Credit Suisse, an estimated $1.5M sold.
Based on aggregated 13F filings for Q1 2016.