John Hancock Preferred Income Fund
HPI
62 hedge funds and large institutions have $43.2M invested in John Hancock Preferred Income Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 20 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
1.66% more ownership
Funds ownership: 7.15% → 8.81% (+1.7%)
2% more funds holding
Funds holding: 61 → 62 (+1)
2% more capital invested
Capital invested by funds: $42.5M → $43.2M (+$691K)
30% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.05M |
| 2 |
TCMG
TSP Capital Management Group
Summit,
New Jersey
|
+$1.53M |
| 3 |
BMM
Buffington Mohr McNeal
Boise,
Idaho
|
+$900K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$389K |
| 5 |
SAM
Selway Asset Management
|
+$329K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWS
Lucia Wealth Services
San Diego,
California
|
-$1.22M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$533K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$526K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$294K |
| 5 |
JG
Jefferies Group
New York
|
-$229K |
HPI Hedge Fund Activity: Q4 2018 in Review
62 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q4 2018, worth a combined $43.2M — up 1.6% from $42.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HPI positions and 10 closed out — a net gain of 1 holder — while 14 added to existing stakes and 20 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $4.05M. The largest seller was Lucia Wealth Services, cutting an estimated $1.22M.
- 62 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q4 2018, up from 61 in Q3 2018.
- Funds reported $43.2M of John Hancock Preferred Income Fund stock for Q4 2018, up 1.6% quarter-over-quarter.
- 11 funds opened new John Hancock Preferred Income Fund positions in Q4 2018 and 10 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q4 2018 was Envestnet Asset Management, an estimated $4.05M added.
- The largest John Hancock Preferred Income Fund seller in Q4 2018 was Lucia Wealth Services, an estimated $1.22M sold.
Based on aggregated 13F filings for Q4 2018.