John Hancock Preferred Income Fund
HPI
61 hedge funds and large institutions have $35M invested in John Hancock Preferred Income Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 10 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.63% less ownership
Funds ownership: 8.7% → 8.08% (-0.63%)
10% less funds holding
Funds holding: 68 → 61 (-7)
34% less capital invested
Capital invested by funds: $53.4M → $35M (-$18.4M)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$1.27M |
| 2 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$775K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$309K |
| 4 |
Mariner
Overland Park,
Kansas
|
+$251K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$951K |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$488K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$474K |
| 5 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
-$458K |
HPI Hedge Fund Activity: Q1 2020 in Review
61 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q1 2020, worth a combined $35M — down 34% from $53.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HPI and 6 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 17 added.
The largest buyer was AE Wealth Management, opening a new position worth an estimated $1.27M. The largest seller was Envestnet Asset Management, cutting an estimated $2M.
- 61 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q1 2020, down from 68 in Q4 2019.
- Funds reported $35M of John Hancock Preferred Income Fund stock for Q1 2020, down 34% quarter-over-quarter.
- 6 funds opened new John Hancock Preferred Income Fund positions in Q1 2020 and 10 closed out, a net change of -4 holders.
- The largest John Hancock Preferred Income Fund buyer in Q1 2020 was AE Wealth Management, an estimated $1.27M added.
- The largest John Hancock Preferred Income Fund seller in Q1 2020 was Envestnet Asset Management, an estimated $2M sold.
Based on aggregated 13F filings for Q1 2020.