John Hancock Preferred Income Fund
HPI
38 hedge funds and large institutions have $33M invested in John Hancock Preferred Income Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 10 closing their positions.
1% more capital invested
Capital invested by funds: $32.7M → $33M (+$298K)
0.56% more ownership
Funds ownership: 6.02% → 6.58% (+0.56%)
14% less funds holding
Funds holding: 44 → 38 (-6)
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.18M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$1.71M |
| 3 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$882K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$308K |
| 5 |
Cohen & Steers
New York
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBB
Citizens Business Bank
Ontario,
California
|
-$1.02M |
| 2 |
MAM
Meeder Asset Management
Dublin,
Ohio
|
-$809K |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
-$452K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$371K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$344K |
HPI Hedge Fund Activity: Q3 2013 in Review
38 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q3 2013, worth a combined $33M — up 0.91% from $32.7M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HPI and 4 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 8 added.
The largest buyer was Guggenheim Capital, adding an estimated $4.18M. The largest seller was Citizens Business Bank, exiting entirely with an estimated $1.02M sold.
- 38 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q3 2013, down from 44 in Q2 2013.
- Funds reported $33M of John Hancock Preferred Income Fund stock for Q3 2013, up 0.91% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund positions in Q3 2013 and 10 closed out, a net change of -6 holders.
- The largest John Hancock Preferred Income Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $4.18M added.
- The largest John Hancock Preferred Income Fund seller in Q3 2013 was Citizens Business Bank, an estimated $1.02M sold.
Based on aggregated 13F filings for Q3 2013.