John Hancock Preferred Income Fund
HPI
68 hedge funds and large institutions have $53.4M invested in John Hancock Preferred Income Fund in 2019 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
15% more funds holding
Funds holding: 59 → 68 (+9)
8% more capital invested
Capital invested by funds: $49.6M → $53.4M (+$3.78M)
1.08% more ownership
Funds ownership: 7.63% → 8.7% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$944K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$571K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$489K |
| 4 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$485K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$471K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$787K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$276K |
| 3 |
FMC
First Merchants Corp
Muncie,
Indiana
|
-$270K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$203K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$174K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
US Bancorp
Minneapolis,
Minnesota
| – | -$5K | -200 | Closed |
|
HPI Hedge Fund Activity: Q4 2019 in Review
68 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q4 2019, worth a combined $53.4M — up 7.6% from $49.6M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new HPI positions and 7 closed out — a net gain of 9 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Landscape Capital Management, opening a new position worth an estimated $944K. The largest seller was Cohen & Steers, exiting entirely with an estimated $787K sold.
- 68 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q4 2019, up from 59 in Q3 2019.
- Funds reported $53.4M of John Hancock Preferred Income Fund stock for Q4 2019, up 7.6% quarter-over-quarter.
- 16 funds opened new John Hancock Preferred Income Fund positions in Q4 2019 and 7 closed out, a net change of +9 holders.
- The largest John Hancock Preferred Income Fund buyer in Q4 2019 was Landscape Capital Management, an estimated $944K added.
- The largest John Hancock Preferred Income Fund seller in Q4 2019 was Cohen & Steers, an estimated $787K sold.
Based on aggregated 13F filings for Q4 2019.