John Hancock Preferred Income Fund
HPI
42 hedge funds and large institutions have $46.1M invested in John Hancock Preferred Income Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 5 closing their positions.
0.58% less ownership
Funds ownership: 9.16% → 8.58% (-0.58%)
3% less capital invested
Capital invested by funds: $47.5M → $46.1M (-$1.45M)
2% less funds holding
Funds holding: 43 → 42 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$800K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$726K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$681K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$268K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$212K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.11M |
| 2 |
Morgan Stanley
New York
|
-$1.06M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$634K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$633K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$463K |
HPI Hedge Fund Activity: Q2 2014 in Review
42 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q2 2014, worth a combined $46.1M — down 3% from $47.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of HPI and 4 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 13 added.
The largest buyer was Frontier Investment Management, adding an estimated $800K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $2.11M sold.
- 42 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q2 2014, down from 43 in Q1 2014.
- Funds reported $46.1M of John Hancock Preferred Income Fund stock for Q2 2014, down 3% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund positions in Q2 2014 and 5 closed out, a net change of -1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q2 2014 was Frontier Investment Management, an estimated $800K added.
- The largest John Hancock Preferred Income Fund seller in Q2 2014 was Mariner Investment Group, an estimated $2.11M sold.
Based on aggregated 13F filings for Q2 2014.