John Hancock Preferred Income Fund
HPI
63 hedge funds and large institutions have $39.6M invested in John Hancock Preferred Income Fund in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
5% more funds holding
Funds holding: 60 → 63 (+3)
0.05% more ownership
Funds ownership: 7.39% → 7.44% (+0.05%)
4% less capital invested
Capital invested by funds: $41.2M → $39.6M (-$1.57M)
12% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 17
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWS
Lucia Wealth Services
San Diego,
California
|
+$1.54M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$374K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$312K |
| 4 |
LPL Financial
San Diego,
California
|
+$268K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$253K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$486K |
| 2 |
Morgan Stanley
New York
|
-$433K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$408K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$317K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$298K |
HPI Hedge Fund Activity: Q1 2018 in Review
63 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q1 2018, worth a combined $39.6M — down 3.8% from $41.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new HPI positions and 7 closed out — a net gain of 3 holders — while 15 added to existing stakes and 17 trimmed.
The largest buyer was Lucia Wealth Services, adding an estimated $1.54M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $486K sold.
- 63 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q1 2018, up from 60 in Q4 2017.
- Funds reported $39.6M of John Hancock Preferred Income Fund stock for Q1 2018, down 3.8% quarter-over-quarter.
- 10 funds opened new John Hancock Preferred Income Fund positions in Q1 2018 and 7 closed out, a net change of +3 holders.
- The largest John Hancock Preferred Income Fund buyer in Q1 2018 was Lucia Wealth Services, an estimated $1.54M added.
- The largest John Hancock Preferred Income Fund seller in Q1 2018 was Raymond James Financial Services Advisors, an estimated $486K sold.
Based on aggregated 13F filings for Q1 2018.