John Hancock Preferred Income Fund
HPI
60 hedge funds and large institutions have $51.1M invested in John Hancock Preferred Income Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
5% more funds holding
Funds holding: 57 → 60 (+3)
2.45% less ownership
Funds ownership: 14.16% → 11.7% (-2.5%)
13% less capital invested
Capital invested by funds: $58.8M → $51.1M (-$7.63M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$706K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$424K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$408K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$396K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$216K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$11.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$995K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$309K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$180K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$121K |
HPI Hedge Fund Activity: Q1 2024 in Review
60 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q1 2024, worth a combined $51.1M — down 13% from $58.8M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new HPI positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 15 trimmed.
The largest buyer was UBS Group, adding an estimated $706K. The largest seller was Morgan Stanley, cutting an estimated $11.9M.
- 60 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q1 2024, up from 57 in Q4 2023.
- Funds reported $51.1M of John Hancock Preferred Income Fund stock for Q1 2024, down 13% quarter-over-quarter.
- 10 funds opened new John Hancock Preferred Income Fund positions in Q1 2024 and 6 closed out, a net change of +4 holders.
- The largest John Hancock Preferred Income Fund buyer in Q1 2024 was UBS Group, an estimated $706K added.
- The largest John Hancock Preferred Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $11.9M sold.
Based on aggregated 13F filings for Q1 2024.