John Hancock Preferred Income Fund
HPI
44 hedge funds and large institutions have $38.5M invested in John Hancock Preferred Income Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
17% more capital invested
Capital invested by funds: $33M → $38.5M (+$5.47M)
16% more funds holding
Funds holding: 38 → 44 (+6)
1.68% more ownership
Funds ownership: 6.58% → 8.26% (+1.7%)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.56M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.42M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.32M |
| 4 |
SG Americas Securities
New York
|
+$959K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$450K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$326K |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$304K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$210K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$205K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$200K |
HPI Hedge Fund Activity: Q4 2013 in Review
44 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q4 2013, worth a combined $38.5M — up 17% from $33M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new HPI positions and 6 closed out — a net gain of 6 holders — while 8 added to existing stakes and 14 trimmed.
The largest buyer was Pine River Capital Management, opening a new position worth an estimated $1.56M. The largest seller was Morgan Stanley, cutting an estimated $326K.
- 44 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q4 2013, up from 38 in Q3 2013.
- Funds reported $38.5M of John Hancock Preferred Income Fund stock for Q4 2013, up 17% quarter-over-quarter.
- 12 funds opened new John Hancock Preferred Income Fund positions in Q4 2013 and 6 closed out, a net change of +6 holders.
- The largest John Hancock Preferred Income Fund buyer in Q4 2013 was Pine River Capital Management, an estimated $1.56M added.
- The largest John Hancock Preferred Income Fund seller in Q4 2013 was Morgan Stanley, an estimated $326K sold.
Based on aggregated 13F filings for Q4 2013.