John Hancock Preferred Income Fund
HPI
39 hedge funds and large institutions have $47.5M invested in John Hancock Preferred Income Fund in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 7 reducing their positions, and 9 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 7
0.15% less ownership
Funds ownership: 9.15% → 9% (-0.15%)
1% less capital invested
Capital invested by funds: $47.8M → $47.5M (-$340K)
9% less funds holding
Funds holding: 43 → 39 (-4)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$674K |
| 2 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$339K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$326K |
| 4 |
SG Americas Securities
New York
|
+$218K |
| 5 |
MBT
Monroe Bank & Trust
Monroe,
Michigan
|
+$173K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.58M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$966K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$247K |
| 4 |
Goldman Sachs
New York
|
-$215K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$169K |
HPI Hedge Fund Activity: Q4 2014 in Review
39 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q4 2014, worth a combined $47.5M — down 0.71% from $47.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HPI and 7 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 21 added.
The largest buyer was Bank of America, adding an estimated $674K. The largest seller was Guggenheim Capital, cutting an estimated $1.58M.
- 39 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q4 2014, down from 43 in Q3 2014.
- Funds reported $47.5M of John Hancock Preferred Income Fund stock for Q4 2014, down 0.71% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund positions in Q4 2014 and 9 closed out, a net change of -2 holders.
- The largest John Hancock Preferred Income Fund buyer in Q4 2014 was Bank of America, an estimated $674K added.
- The largest John Hancock Preferred Income Fund seller in Q4 2014 was Guggenheim Capital, an estimated $1.58M sold.
Based on aggregated 13F filings for Q4 2014.