John Hancock Preferred Income Fund
HPI
52 hedge funds and large institutions have $45.3M invested in John Hancock Preferred Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3% more capital invested
Capital invested by funds: $44M → $45.3M (+$1.32M)
0% more funds holding
Funds holding: 52 → 52 (0)
0.13% less ownership
Funds ownership: 8.08% → 7.95% (-0.13%)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$396K |
| 2 |
LPL Financial
San Diego,
California
|
+$349K |
| 3 |
MCM
McRae Capital Management
Morristown,
New Jersey
|
+$337K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$261K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$251K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.1M |
| 2 |
Citigroup
New York
|
-$443K |
| 3 |
Morgan Stanley
New York
|
-$349K |
| 4 |
VC
Vicus Capital
State College,
Pennsylvania
|
-$262K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$204K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
51
Next Financial Group
Houston,
Texas
| $2K | – | – | – |
|
|
OC
52
Oakworth Capital
Birmingham,
Alabama
| $2K | – | – | – |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $2K | +$2.09K | +100 | New |
|
|
LCM
54
Laurion Capital Management
New York
| – | -$1.1M | -54,188 | Closed |
|
|
55
Citigroup
New York
| – | -$443K | -21,762 | Closed |
|
|
WAM
56
Weiss Asset Management
Boston,
Massachusetts
| – | -$204K | -10,004 | Closed |
|
57
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$24K | -1,176 | Closed |
|
58
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$6K | -295 | Closed |
|
59
US Bancorp
Minneapolis,
Minnesota
| – | -$4K | -200 | Closed |
|
HPI Hedge Fund Activity: Q1 2017 in Review
52 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q1 2017, worth a combined $45.3M — up 3% from $44M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HPI positions and 6 closed out — a net gain of 1 holder — while 16 added to existing stakes and 17 trimmed.
The largest buyer was Truist Financial, opening a new position worth an estimated $396K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.1M sold.
- 52 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $45.3M of John Hancock Preferred Income Fund stock for Q1 2017, up 3% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund positions in Q1 2017 and 6 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q1 2017 was Truist Financial, an estimated $396K added.
- The largest John Hancock Preferred Income Fund seller in Q1 2017 was Laurion Capital Management, an estimated $1.1M sold.
Based on aggregated 13F filings for Q1 2017.