John Hancock Preferred Income Fund II
HPF
48 hedge funds and large institutions have $24.8M invested in John Hancock Preferred Income Fund II in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 7 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
0.03% less ownership
Funds ownership: 7.58% → 7.55% (-0.03%)
6% less funds holding
Funds holding: 51 → 48 (-3)
31% less capital invested
Capital invested by funds: $36M → $24.8M (-$11.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$2.74M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$622K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
+$432K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$348K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$210K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$730K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$404K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$366K |
| 4 |
Millennium Management
New York
|
-$300K |
| 5 |
PCM
Parsons Capital Management
Providence,
Rhode Island
|
-$215K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Millennium Management
New York
| – | -$300K | -13,453 | Closed |
|
|
PCM
52
Parsons Capital Management
Providence,
Rhode Island
| – | -$215K | -9,648 | Closed |
|
53
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$45K | -2,019 | Closed |
|
|
BB
54
Busey Bank
Urbana,
Illinois
| – | -$25K | -1,108 | Closed |
|
|
RIA
55
Realta Investment Advisors
Wilmington,
Delaware
| – | -$7K | -325 | Closed |
|
HPF Hedge Fund Activity: Q1 2020 in Review
48 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund II (HPF) for Q1 2020, worth a combined $24.8M — down 31% from $36M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new HPF positions and 7 closed out — a net gain of 1 holder — while 14 added to existing stakes and 12 trimmed.
The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $2.74M. The largest seller was Landscape Capital Management, exiting entirely with an estimated $730K sold.
- 48 institutional investors held John Hancock Preferred Income Fund II (HPF) as of Q1 2020, down from 51 in Q4 2019.
- Funds reported $24.8M of John Hancock Preferred Income Fund II stock for Q1 2020, down 31% quarter-over-quarter.
- 8 funds opened new John Hancock Preferred Income Fund II positions in Q1 2020 and 7 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund II buyer in Q1 2020 was B. Riley Wealth Management, an estimated $2.74M added.
- The largest John Hancock Preferred Income Fund II seller in Q1 2020 was Landscape Capital Management, an estimated $730K sold.
Based on aggregated 13F filings for Q1 2020.