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HPI

John Hancock Preferred Income Fund
HPI

57 hedge funds and large institutions have $58.8M invested in John Hancock Preferred Income Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

17% more capital invested

Capital invested by funds: $50.3M → $58.8M (+$8.43M)

1.02% more ownership

Funds ownership: 13.13% → 14.16% (+1%)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

2% less funds holding

Funds holding: 58 → 57 (-1)

Holders
57
Holders Change
-1
Holders Change %
-1.72%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
20
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$1.75M
2
UBS Group
UBS Group
Switzerland
+$1.02M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$675K
4
TCMG
TSP Capital Management Group
New Jersey
+$592K
5
Invesco
Invesco
Georgia
+$439K

Top Sellers

1
Osaic Holdings
Osaic Holdings
Arizona
-$283K
2
SFS
Sowell Financial Services
Arkansas
-$232K
3
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$224K
4
MCM
McRae Capital Management
New Jersey
-$210K
5
Mariner
Mariner
Kansas
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
BWM
51
Baystate Wealth Management
Massachusetts
$4.81K +$4.4K +304 New
WB
52
Webster Bank
Connecticut
$2.59K – – –
GI
53
Gradient Investments
Minnesota
$2.37K +$2.17K +150 New
Comerica Bank
54
Comerica Bank
Texas
$2.04K -$19.7K -1,364 -91%
JP Morgan Chase
55
JP Morgan Chase
New York
$1.45K +$1.33K +92 New
Fidelity Investments
56
Fidelity Investments
Massachusetts
$16 +$14 +1 New
SFS
57
Sowell Financial Services
Arkansas
– -$232K -15,900 Closed
Koshinski Asset Management
58
Koshinski Asset Management
Illinois
– -$224K -15,394 Closed
MCM
59
McRae Capital Management
New Jersey
– -$210K -14,400 Closed
Mariner
60
Mariner
Kansas
– -$202K -13,892 Closed
KFGK
61
Keystone Financial Group (Kentucky)
Kentucky
– -$188K -12,892 Closed
AWM
62
Avior Wealth Management
Nebraska
– -$33.4K -2,289 Closed
HL
63
HeadInvest LLC
Maine
– -$15.7K -1,078 Closed
KIG
64
Kessler Investment Group
Indiana
– -$2.46K -169 Closed
1 2
3

HPI Hedge Fund Activity: Q4 2023 in Review

57 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q4 2023, worth a combined $58.8M — up 17% from $50.3M a quarter earlier.

Fund positioning in HPI was balanced in Q4 2023: 8 funds opened new positions, 8 closed out, 20 added to existing stakes and 14 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.75M. The largest seller was Osaic Holdings, cutting an estimated $283K.

  • 57 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q4 2023, down from 58 in Q3 2023.
  • Funds reported $58.8M of John Hancock Preferred Income Fund stock for Q4 2023, up 17% quarter-over-quarter.
  • 8 funds opened new John Hancock Preferred Income Fund positions in Q4 2023 and 8 closed out, a net change of 0 holders.
  • The largest John Hancock Preferred Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $1.75M added.
  • The largest John Hancock Preferred Income Fund seller in Q4 2023 was Osaic Holdings, an estimated $283K sold.

Based on aggregated 13F filings for Q4 2023.