John Hancock Preferred Income Fund
HPI
60 hedge funds and large institutions have $52.2M invested in John Hancock Preferred Income Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 25 reducing their positions, and 10 closing their positions.
0.06% less ownership
Funds ownership: 13.3% → 13.24% (-0.06%)
6% less capital invested
Capital invested by funds: $55.8M → $52.2M (-$3.58M)
8% less funds holding
Funds holding: 65 → 60 (-5)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
44% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 25
Top Buyers
Top Sellers
| 1 |
Invesco
Atlanta,
Georgia
|
-$779K |
| 2 |
Morgan Stanley
New York
|
-$720K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$513K |
| 4 |
Cohen & Steers
New York
|
-$464K |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$346K |
HPI Hedge Fund Activity: Q1 2023 in Review
60 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund (HPI) for Q1 2023, worth a combined $52.2M — down 6.4% from $55.8M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HPI and 7 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 14 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.51M. The largest seller was Invesco, cutting an estimated $779K.
- 60 institutional investors held John Hancock Preferred Income Fund (HPI) as of Q1 2023, down from 65 in Q4 2022.
- Funds reported $52.2M of John Hancock Preferred Income Fund stock for Q1 2023, down 6.4% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund positions in Q1 2023 and 10 closed out, a net change of -3 holders.
- The largest John Hancock Preferred Income Fund buyer in Q1 2023 was Royal Bank of Canada, an estimated $1.51M added.
- The largest John Hancock Preferred Income Fund seller in Q1 2023 was Invesco, an estimated $779K sold.
Based on aggregated 13F filings for Q1 2023.