John Hancock Preferred Income Fund
HPI
47 hedge funds and large institutions have $44.6M invested in John Hancock Preferred Income Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 5 closing their positions.
0.99% less ownership
Funds ownership: 8.42% → 7.43% (-0.99%)
4% less funds holding
Funds holding: 49 → 47 (-2)
11% less capital invested
Capital invested by funds: $50M → $44.6M (-$5.45M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
22% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.22M |
| 2 |
SAM
Selway Asset Management
|
+$1.35M |
| 3 |
Morgan Stanley
New York
|
+$628K |
| 4 |
GS
Girard Securities
San Diego,
California
|
+$293K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.1M |
| 2 |
Cohen & Steers
New York
|
-$2.09M |
| 3 |
TCMG
TSP Capital Management Group
Summit,
New Jersey
|
-$1.3M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$774K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$661K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
SEI Investments
Oaks,
Pennsylvania
| – | -$46K | -2,000 | Closed |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| – | -$9K | -412 | Closed |
|
HPI Hedge Fund Activity: Q3 2016 in Review
47 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q3 2016, worth a combined $44.6M — down 11% from $50M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of HPI and 4 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 14 added.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $2.22M. The largest seller was Guggenheim Capital, cutting an estimated $4.1M.
- 47 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q3 2016, down from 49 in Q2 2016.
- Funds reported $44.6M of John Hancock Preferred Income Fund stock for Q3 2016, down 11% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund positions in Q3 2016 and 5 closed out, a net change of -1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q3 2016 was Envestnet Asset Management, an estimated $2.22M added.
- The largest John Hancock Preferred Income Fund seller in Q3 2016 was Guggenheim Capital, an estimated $4.1M sold.
Based on aggregated 13F filings for Q3 2016.