John Hancock Preferred Income Fund

HPI

Market cap $433M

HPI Hedge Fund Activity: Q1 2020 in Review

62 of the 4,538 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 16 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.

• 62 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.