John Hancock Preferred Income Fund
HPI
52 hedge funds and large institutions have $44M invested in John Hancock Preferred Income Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
11% more funds holding
Funds holding: 47 → 52 (+5)
0.65% more ownership
Funds ownership: 7.43% → 8.08% (+0.65%)
1% less capital invested
Capital invested by funds: $44.6M → $44M (-$582K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.11M |
| 2 |
SAM
Selway Asset Management
|
+$933K |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$669K |
| 4 |
Citigroup
New York
|
+$445K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$790K |
| 2 |
BCM
Beck Capital Management
Austin,
Texas
|
-$635K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$216K |
| 4 |
VC
Vicus Capital
State College,
Pennsylvania
|
-$172K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$96.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
NFG
52
Next Financial Group
Houston,
Texas
| $2K | – | – | – |
|
|
OC
53
Oakworth Capital
Birmingham,
Alabama
| $2K | – | – | – |
|
|
BCM
54
Beck Capital Management
Austin,
Texas
| – | -$635K | -28,278 | Closed |
|
|
CAN
55
Cetera Advisor Networks
El Segundo,
California
| – | -$216K | -9,645 | Closed |
|
HPI Hedge Fund Activity: Q4 2016 in Review
52 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q4 2016, worth a combined $44M — down 1.3% from $44.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new HPI positions and 2 closed out — a net gain of 6 holders — while 17 added to existing stakes and 15 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $790K.
- 52 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q4 2016, up from 47 in Q3 2016.
- Funds reported $44M of John Hancock Preferred Income Fund stock for Q4 2016, down 1.3% quarter-over-quarter.
- 8 funds opened new John Hancock Preferred Income Fund positions in Q4 2016 and 2 closed out, a net change of +6 holders.
- The largest John Hancock Preferred Income Fund buyer in Q4 2016 was Laurion Capital Management, an estimated $1.11M added.
- The largest John Hancock Preferred Income Fund seller in Q4 2016 was Morgan Stanley, an estimated $790K sold.
Based on aggregated 13F filings for Q4 2016.