John Hancock Preferred Income Fund
HPI
49 hedge funds and large institutions have $50M invested in John Hancock Preferred Income Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 8 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
2% more funds holding
Funds holding: 48 → 49 (+1)
0.43% less ownership
Funds ownership: 8.85% → 8.42% (-0.43%)
2% less capital invested
Capital invested by funds: $50.9M → $50M (-$868K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.62M |
| 2 |
Cohen & Steers
New York
|
+$535K |
| 3 |
BCM
Beck Capital Management
Austin,
Texas
|
+$402K |
| 4 |
Morgan Stanley
New York
|
+$402K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.53M |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$819K |
| 4 |
AIG
American International Group
New York
|
-$588K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$558K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$397K | -17,864 | Closed |
|
|
CA
52
Cetera Advisors
Denver,
Colorado
| – | -$300K | -13,575 | Closed |
|
|
DLHL
53
Donald L. Hagan LLC
Sarasota,
Florida
| – | -$22K | -1,000 | Closed |
|
|
AWMS
54
Advocacy Wealth Management Services
Atlanta,
Georgia
| – | -$11K | -507 | Closed |
|
55
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$8K | -367 | Closed |
|
56
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$7K | -295 | Closed |
|
57
Citigroup
New York
| – | -$3K | -124 | Closed |
|
HPI Hedge Fund Activity: Q2 2016 in Review
49 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q2 2016, worth a combined $50M — down 1.7% from $50.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new HPI positions and 8 closed out — a net gain of 1 holder — while 17 added to existing stakes and 9 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.62M. The largest seller was LPL Financial, cutting an estimated $3.3M.
- 49 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q2 2016, up from 48 in Q1 2016.
- Funds reported $50M of John Hancock Preferred Income Fund stock for Q2 2016, down 1.7% quarter-over-quarter.
- 9 funds opened new John Hancock Preferred Income Fund positions in Q2 2016 and 8 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q2 2016 was Guggenheim Capital, an estimated $1.62M added.
- The largest John Hancock Preferred Income Fund seller in Q2 2016 was LPL Financial, an estimated $3.3M sold.
Based on aggregated 13F filings for Q2 2016.