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HPI

John Hancock Preferred Income Fund

44 hedge funds and large institutions have $38.5M invested in John Hancock Preferred Income Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

17% more capital invested

Capital invested by funds: $33M → $38.5M (+$5.47M)

16% more funds holding

Funds holding: 3844 (+6)

1.68% more ownership

Funds ownership: 6.58%8.26% (+1.7%)

43% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 14

Holders
44
Holders Change
+6
Holders Change %
+15.79%
% of All Funds
1.28%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
8
Reduced
14
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MNA
26
Manning & Napier Advisors
New York
$187K
PMG
27
ProVise Management Group
Florida
$179K
Cohen & Steers
28
Cohen & Steers
New York
$117K +$21.8K +1,188 +22%
MAM
29
Meeder Asset Management
Ohio
$101K +$104K +5,665 New
SMU
30
Signet Management USA
Virginia
$76K +$78.1K +4,252 New
WA
31
WFG Advisors
Texas
$43K +$386 +21 +0.9%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$40K
FNBT
33
FineMark National Bank & Trust
Florida
$37K +$38.6K +2,100 New
AIG
34
American International Group
New York
$19.5K -$68K -3,700 -77%
CBT
35
Central Bank & Trust
Kentucky
$18K
DAM
36
Delta Asset Management
Tennessee
$18K
WEC
37
Winslow Evans & Crocker
Massachusetts
$11K +$11K +600 New
SMA
38
Simply Money Advisors
Ohio
$9K -$8.25K -449 -47%
Ameriprise
39
Ameriprise
Minnesota
$9K
Creative Planning
40
Creative Planning
Kansas
$8K -$77.2K -4,200 -90%
WRM
41
Westport Resources Management
Connecticut
$7K
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$5K -$18.3K -994 -76%
CAPTRUST Financial Advisors
43
CAPTRUST Financial Advisors
North Carolina
$5K
RIA
44
Regal Investment Advisors
Michigan
$4K
US Bancorp
45
US Bancorp
Minnesota
$4K
ICOA
46
Investment Centers of America
North Dakota
-$304K -15,866 Closed
VKH
47
Virtu KCG Holdings
New York
-$200K -10,350 Closed
FHA
48
First Horizon Advisors
Tennessee
-$43K -2,230 Closed
FANJ
49
Financial Architects (New Jersey)
New Jersey
-$35K -1,800 Closed
S
50
SignatureFD
Georgia
-$4K -200 Closed

HPI Hedge Fund Activity: Q4 2013 in Review

44 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q4 2013, worth a combined $38.5M — up 17% from $33M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new HPI positions and 6 closed out — a net gain of 6 holders — while 8 added to existing stakes and 14 trimmed.

The largest buyer was Pine River Capital Management, opening a new position worth an estimated $1.56M. The largest seller was Morgan Stanley, cutting an estimated $326K.

  • 44 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q4 2013, up from 38 in Q3 2013.
  • Funds reported $38.5M of John Hancock Preferred Income Fund stock for Q4 2013, up 17% quarter-over-quarter.
  • 12 funds opened new John Hancock Preferred Income Fund positions in Q4 2013 and 6 closed out, a net change of +6 holders.
  • The largest John Hancock Preferred Income Fund buyer in Q4 2013 was Pine River Capital Management, an estimated $1.56M added.
  • The largest John Hancock Preferred Income Fund seller in Q4 2013 was Morgan Stanley, an estimated $326K sold.

Based on aggregated 13F filings for Q4 2013.