John Hancock Preferred Income Fund
HPI
48 hedge funds and large institutions have $50.9M invested in John Hancock Preferred Income Fund in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 10 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
15% more capital invested
Capital invested by funds: $44.4M → $50.9M (+$6.51M)
0.33% more ownership
Funds ownership: 8.52% → 8.85% (+0.33%)
2% less funds holding
Funds holding: 49 → 48 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.44M |
| 2 |
SAM
Selway Asset Management
|
+$1.54M |
| 3 |
Morgan Stanley
New York
|
+$1.36M |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$768K |
| 5 |
Cohen & Steers
New York
|
+$416K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
51
Laurion Capital Management
New York
| – | -$809K | -40,413 | Closed |
|
|
NPC
52
National Planning Corporation
El Segundo,
California
| – | -$370K | -18,000 | Closed |
|
53
Squarepoint
New York
| – | -$330K | -16,500 | Closed |
|
|
IA
54
IFP Advisors
Tampa,
Florida
| – | -$259K | -12,913 | Closed |
|
55
SG Americas Securities
New York
| – | -$255K | -12,728 | Closed |
|
|
WCM
56
Windsor Capital Management
Phoenix,
Arizona
| – | -$239K | -11,938 | Closed |
|
|
IWMPD
57
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$28K | -1,400 | Closed |
|
|
TRCT
58
Tower Research Capital (TRC)
New York
| – | -$2K | -100 | Closed |
|
HPI Hedge Fund Activity: Q1 2016 in Review
48 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q1 2016, worth a combined $50.9M — up 15% from $44.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HPI and 9 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 18 added.
The largest buyer was UBS Group, adding an estimated $2.44M. The largest seller was Credit Suisse, exiting entirely with an estimated $2.23M sold.
- 48 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q1 2016, down from 49 in Q4 2015.
- Funds reported $50.9M of John Hancock Preferred Income Fund stock for Q1 2016, up 15% quarter-over-quarter.
- 9 funds opened new John Hancock Preferred Income Fund positions in Q1 2016 and 10 closed out, a net change of -1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q1 2016 was UBS Group, an estimated $2.44M added.
- The largest John Hancock Preferred Income Fund seller in Q1 2016 was Credit Suisse, an estimated $2.23M sold.
Based on aggregated 13F filings for Q1 2016.