John Hancock Preferred Income Fund
HPI
66 hedge funds and large institutions have $41.3M invested in John Hancock Preferred Income Fund in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
6% more funds holding
Funds holding: 62 → 66 (+4)
0.08% more ownership
Funds ownership: 8.06% → 8.14% (+0.08%)
3% less capital invested
Capital invested by funds: $42.5M → $41.3M (-$1.18M)
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$562K |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$433K |
| 3 |
Morgan Stanley
New York
|
+$393K |
| 4 |
Citigroup
New York
|
+$333K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$291K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$1.28M |
| 2 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$952K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$367K |
| 4 |
ARG
Advisory Resource Group
Tulsa,
Oklahoma
|
-$364K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$305K |
HPI Hedge Fund Activity: Q3 2020 in Review
66 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q3 2020, worth a combined $41.3M — down 2.8% from $42.5M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new HPI positions and 9 closed out — a net gain of 4 holders — while 13 added to existing stakes and 20 trimmed.
The largest buyer was J.W. Cole Advisors, opening a new position worth an estimated $562K. The largest seller was AE Wealth Management, exiting entirely with an estimated $1.28M sold.
- 66 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q3 2020, up from 62 in Q2 2020.
- Funds reported $41.3M of John Hancock Preferred Income Fund stock for Q3 2020, down 2.8% quarter-over-quarter.
- 13 funds opened new John Hancock Preferred Income Fund positions in Q3 2020 and 9 closed out, a net change of +4 holders.
- The largest John Hancock Preferred Income Fund buyer in Q3 2020 was J.W. Cole Advisors, an estimated $562K added.
- The largest John Hancock Preferred Income Fund seller in Q3 2020 was AE Wealth Management, an estimated $1.28M sold.
Based on aggregated 13F filings for Q3 2020.