John Hancock Preferred Income Fund
HPI
43 hedge funds and large institutions have $47.8M invested in John Hancock Preferred Income Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 9 reducing their positions, and 3 closing their positions.
122% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 9
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
2% more funds holding
Funds holding: 42 → 43 (+1)
4% more capital invested
Capital invested by funds: $46.1M → $47.8M (+$1.74M)
0.57% more ownership
Funds ownership: 8.58% → 9.15% (+0.57%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.33M |
| 2 |
Cohen & Steers
New York
|
+$531K |
| 3 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$527K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$304K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$377K |
| 2 |
MBT
Monroe Bank & Trust
Monroe,
Michigan
|
-$205K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$161K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$80.9K |
| 5 |
Morgan Stanley
New York
|
-$80.5K |
HPI Hedge Fund Activity: Q3 2014 in Review
43 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q3 2014, worth a combined $47.8M — up 3.8% from $46.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new HPI positions and 3 closed out — a net gain of 1 holder — while 20 added to existing stakes and 9 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.33M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $377K sold.
- 43 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q3 2014, up from 42 in Q2 2014.
- Funds reported $47.8M of John Hancock Preferred Income Fund stock for Q3 2014, up 3.8% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund positions in Q3 2014 and 3 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund buyer in Q3 2014 was Guggenheim Capital, an estimated $1.33M added.
- The largest John Hancock Preferred Income Fund seller in Q3 2014 was Shaker Financial Services, an estimated $377K sold.
Based on aggregated 13F filings for Q3 2014.