John Hancock Preferred Income Fund
HPI
58 hedge funds and large institutions have $50.3M invested in John Hancock Preferred Income Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 5 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
0.17% more ownership
Funds ownership: 12.97% → 13.13% (+0.17%)
3% less capital invested
Capital invested by funds: $51.9M → $50.3M (-$1.62M)
2% less funds holding
Funds holding: 59 → 58 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.02M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$633K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$528K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$418K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$207K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$832K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$664K |
| 3 |
Morgan Stanley
New York
|
-$411K |
| 4 |
AWG
Altus Wealth Group
Colorado Springs,
Colorado
|
-$322K |
| 5 |
Cohen & Steers
New York
|
-$301K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PSB
51
Piscataqua Savings Bank
Portsmouth,
New Hampshire
| $11.7K | – | – | – |
|
|
SWM
52
Sanctuary Wealth Management
Pocatello,
Idaho
| $10.2K | – | – | – |
|
|
PTC
53
Private Trust Company
Cleveland,
Ohio
| $8.06K | – | – | – |
|
|
AA
54
AlphaMark Advisors
Ft. Wright,
Kentucky
| $6K | +$3.29K | +217 | +109% |
|
|
SWM
55
Sugarloaf Wealth Management
Duluth,
Georgia
| $5.6K | – | – | – |
|
|
KIG
56
Kessler Investment Group
Columbus,
Indiana
| $2.46K | +$2.56K | +169 | New |
|
|
WB
57
Webster Bank
Waterbury,
Connecticut
| $2.39K | – | – | – |
|
|
HGERS
58
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
| $903 | +$941 | +62 | New |
|
|
AWG
59
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$322K | -21,132 | Closed |
|
|
60
Cohen & Steers
New York
| – | -$301K | -19,751 | Closed |
|
61
JP Morgan Chase
New York
| – | -$115K | -7,554 | Closed |
|
62
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$30.4K | -1,995 | Closed |
|
|
OP
63
ORG Partners
Roanoke,
Indiana
| – | -$8K | -500 | Closed |
|
HPI Hedge Fund Activity: Q3 2023 in Review
58 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q3 2023, worth a combined $50.3M — down 3.1% from $51.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of HPI and 4 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 20 added.
The largest buyer was Royal Bank of Canada, adding an estimated $2.02M. The largest seller was Shaker Financial Services, cutting an estimated $832K.
- 58 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q3 2023, down from 59 in Q2 2023.
- Funds reported $50.3M of John Hancock Preferred Income Fund stock for Q3 2023, down 3.1% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund positions in Q3 2023 and 5 closed out, a net change of -1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q3 2023 was Royal Bank of Canada, an estimated $2.02M added.
- The largest John Hancock Preferred Income Fund seller in Q3 2023 was Shaker Financial Services, an estimated $832K sold.
Based on aggregated 13F filings for Q3 2023.