John Hancock Preferred Income Fund
HPI
43 hedge funds and large institutions have $47.5M invested in John Hancock Preferred Income Fund in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 7 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
23% more capital invested
Capital invested by funds: $38.5M → $47.5M (+$9.01M)
0.9% more ownership
Funds ownership: 8.26% → 9.16% (+0.9%)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2% less funds holding
Funds holding: 44 → 43 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$998K |
| 2 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$971K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$818K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$610K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$932K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$548K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$437K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$206K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$157K |
HPI Hedge Fund Activity: Q1 2014 in Review
43 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q1 2014, worth a combined $47.5M — up 23% from $38.5M a quarter earlier.
Fund positioning in HPI was balanced in Q1 2014: 7 funds opened new positions, 7 closed out, 16 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $998K. The largest seller was SG Americas Securities, exiting entirely with an estimated $932K sold.
- 43 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q1 2014, down from 44 in Q4 2013.
- Funds reported $47.5M of John Hancock Preferred Income Fund stock for Q1 2014, up 23% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund positions in Q1 2014 and 7 closed out, a net change of 0 holders.
- The largest John Hancock Preferred Income Fund buyer in Q1 2014 was Morgan Stanley, an estimated $998K added.
- The largest John Hancock Preferred Income Fund seller in Q1 2014 was SG Americas Securities, an estimated $932K sold.
Based on aggregated 13F filings for Q1 2014.