a_patpremdivfundtwo.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811- 05908

John Hancock Patriot Premium Dividend Fund II
(Exact name of registrant as specified in charter)

601 Congress Street, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Alfred P. Ouellette, Senior Counsel & Assistant Secretary

601 Congress Street

Boston, Massachusetts 02210

(Name and address of agent for service)


Registrant's telephone number, including area code: 617-663-4324

Date of fiscal year end:  October 31 
Date of reporting period:  January 31, 2007 

ITEM 1. SCHEDULE OF INVESTMENTS




John Hancock
Patriot Premium Dividend Fund II
Securities owned by the Fund on
January 31, 2007 (unaudited)

Issuer  Shares  Value 
Common stocks 39.86%    $115,880,571 

(Cost $95,903,736)     
 
Electric Utilities 3.43%    9,965,485 

Duke Energy Corp.  165,200  3,252,788 
Pinnacle West Capital Corp.  40,000  1,951,600 
Progress Energy, Inc.  99,000  4,706,460 
Progress Energy, Inc. (Contingent Value     
Obligation) (B)(I)  176,250  54,637 
 
Gas Utilities 2.26%    6,556,550 

National Fuel Gas Co.  86,000  3,499,340 
Peoples Energy Corp.  70,200  3,057,210 
 
Integrated Telecommunication Services 1.85%    5,392,231 

AT&T, Inc.  102,350  3,851,431 
Verizon Communications, Inc.  40,000  1,540,800 
 
Multi-Utilities 30.83%    89,623,953 

Alliant Energy Corp.  182,900  6,648,415 
Ameren Corp.  80,000  4,248,800 
CH Energy Group, Inc.  198,800  10,146,752 
Consolidated Edison, Inc.  78,000  3,765,840 
Dominion Resources, Inc.  79,700  6,611,912 
DTE Energy Co.  193,500  8,972,595 
Energy East Corp.  320,000  7,686,400 
KeySpan Corp.  236,250  9,639,000 
NiSource, Inc.  158,050  3,761,590 
NSTAR  276,000  9,218,400 
OGE Energy Corp.  137,632  5,329,111 
SCANA Corp.  28,400  1,156,448 
TECO Energy, Inc.  196,750  3,336,880 
Vectren Corp.  30,000  843,600 
WPS Resources Corp.  55,400  2,938,970 
Xcel Energy, Inc.  228,000  5,319,240 
 
Oil & Gas Storage & Transportation 1.47%    4,277,512 

Kinder Morgan, Inc.  20,000  2,120,000 
Spectra Energy Corp.  82,600  2,157,512 
 
Publishing 0.02%    64,840 

Idearc, Inc. (I)  2,000  64,840 

Page 1


John Hancock
Patriot Premium Dividend Fund II
Securities owned by the Fund on
January 31, 2007 (unaudited)

    Credit     
Issuer, description    rating (A)  Shares  Value 
Preferred stocks  59.60%       $173,259,413 

(Cost $163,305,428)         
 
Agricultural Products 1.22%        3,535,854 

Ocean Spray Cranberries, Inc., 6.25%, Ser A (S)  BB+  44,250  3,535,854 
 
Consumer Finance 3.37%      9,790,114 

HSBC USA, Inc., $2.8575 (G)  AA-  95,900  4,881,914 
SLM Corp., 6.97%, Ser A  BBB+  92,000  4,908,200 
 
Diversified Banks 1.17%      3,396,400 

Royal Bank of Scotland Group Plc, 5.75%, Ser L (United       
Kingdom)    A  140,000  3,396,400 
 
Electric Utilities 19.78%      57,489,792 

Alabama Power Co., 5.20%  BBB+  262,475  6,315,148 
Carolina Power & Light Co., $4.20  Baa3  41,151  3,186,631 
Carolina Power & Light Co., $5.44  BB+  11,382  1,069,908 
Duquesne Light Co., 6.50%  BB+  107,000  5,423,830 
Entergy Arkansas, Inc., 6.45%  BB+  50,000  1,260,940 
Entergy Mississippi, Inc., 6.25%  BB+  153,000  3,887,164 
Georgia Power Co., 6.00%, Ser R  A  54,900  1,352,736 
HECO Capital Trust III, 6.50%  BBB-  44,900  1,158,420 
Interstate Power & Light Co., 7.10%, Ser C  BBB-  76,500  2,070,281 
Interstate Power & Light Co., 8.375%, Ser B  Baa2  25,000  801,563 
Monongahela Power Co., $6.28, Ser D  B+  24,931  2,359,876 
NSTAR Electric Co., 4.78%  A-  67,342  5,867,172 
PPL Electric Utilities Corp., 4.40%  BBB  29,790  2,451,717 
PPL Electric Utilities Corp., 6.25%, Depositary Shares  BBB  200,000  5,212,500 
PPL Energy Supply, LLC, 7.00%  BBB  50,000  1,292,500 
Southern California Edison Co., 6.00%, Ser C  BBB-  18,000  1,821,375 
Southern California Edison Co., 6.125%  BBB-  35,000  3,562,345 
Virginia Electric & Power Co., $6.98  BB+  35,000  3,641,095 
Virginia Electric & Power Co., $7.05  BB+  10,000  1,044,063 
Wisconsin Public Service Corp., 6.76%  A-  35,883  3,710,528 
 
Gas Utilities 2.12%        6,162,687 

Southern Union Co., 7.55%, Ser A  BB  239,700  6,162,687 

Page 2


John Hancock
Patriot Premium Dividend Fund II
Securities owned by the Fund on
January 31, 2007 (unaudited)

Investment Banking & Brokerage 7.54%      21,933,601 

Bear Stearns Cos., Inc. (The), 5.49%, Depositary       
Shares, Ser G  BBB+  50,650  2,547,695 
Bear Stearns Cos., Inc. (The), 5.72%, Depositary       
Shares, Ser F  BBB+  95,300  4,822,180 
Bear Stearns Cos., Inc. (The), 6.15%, Depositary       
Shares, Ser E  BBB+  84,000  4,278,120 
Goldman Sachs Group, Inc., 6.20%, Ser B  A  20,000  520,200 
Lehman Brothers Holdings, Inc., 5.67%, Depositary       
Shares, Ser D  A-  124,800  6,327,360 
Lehman Brothers Holdings, Inc., 5.94%, Depositary       
Shares, Ser C  A-  53,000  2,729,500 
Merrill Lynch & Co., Inc., 6.375%, Depositary Shares,       
Ser 3  A  26,900  708,546 
 
Life & Health Insurance 1.97%      5,742,650 

MetLife, Inc., 6.50%, Ser B  BBB  215,000  5,742,650 
 
Multi-Utilities 10.39%      30,209,548 

Baltimore Gas & Electric Co., 6.70%, Ser 1993  BBB-  20,250  2,107,266 
Baltimore Gas & Electric Co., 6.99%, Ser 1995  Ba1  30,000  3,134,064 
BGE Capital Trust II, 6.20%  BBB-  205,300  5,089,387 
PNM Resources, Inc., 6.75%, Conv  BBB-  67,896  3,523,802 
Public Service Electric & Gas Co., 4.08%, Ser A  BB+  5,000  405,000 
Public Service Electric & Gas Co., 4.18%, Ser B  BB+  13,677  1,135,191 
Public Service Electric & Gas Co., 6.92%  BB+  47,998  4,915,298 
SEMPRA Energy, $4.36  BBB+  19,250  1,578,500 
SEMPRA Energy, $4.75, Ser 53  BBB+  6,305  567,450 
South Carolina Electric & Gas Co., 6.52%  Baa1  55,000  5,549,847 
Xcel Energy, Inc., $4.08, Ser B  BB+  8,610  731,678 
Xcel Energy, Inc., $4.11, Ser D  BB+  8,770  698,092 
Xcel Energy, Inc., $4.16, Ser E  BB+  9,410  773,973 
 
Oil & Gas Exploration & Production 5.15%      14,964,925 

Anadarko Petroleum Corp., 5.46%, Depositary Shares,       
Ser B  BB  20,000  1,910,000 
Apache Corp., 5.68%, Depositary Shares, Ser B  BBB  51,500  5,082,406 
Devon Energy Corp., 6.49%, Ser A  BB+  50,645  5,116,730 
Nexen, Inc., 7.35% (Canada)  BB+  112,300  2,855,789 
 
Other Diversified Financial Services 5.38%      15,637,900 

Bank of America Corp., 6.204%, Despositary Shares, Ser D  A  260,000  6,916,000 
Citigroup, Inc., 6.213%, Depositary Shares, Ser G  A  96,000  4,926,720 
Citigroup, Inc., 6.231%, Depositary Shares, Ser H  A  56,400  2,831,280 
Citigroup, Inc., 6.365%, Depositary Shares, Ser F  A  18,900  963,900 
 
Specialized Finance 0.18%      527,000 

CIT Group, Inc., 6.35%, Ser A  BBB+  20,000  527,000 
 
Thrifts & Mortgage Finance 0.85%      2,460,942 

Sovereign Bancorp, Inc., 7.30%, Depositary Shares, Ser C  BB+  90,000  2,460,942 

Page 3


John Hancock
Patriot Premium Dividend Fund II
Securities owned by the Fund on
January 31, 2007 (unaudited)

Trucking 0.48%      1,408,000 

AMERCO, 8.50%, Ser A  B  55,000  1,408,000 
 
  Interest  Par value   
Issuer, description, maturity date  rate  (000)  Value 
Short-term investments 0.54%      $1,565,000 

(Cost $1,565,000)       
 
Commercial Paper 0.54%      1,565,000 

Chevron Funding Corp., 2-1-07  5.170%  $1,565  1,565,000 
 
Total investments (Cost $260,774,164)  100.00%    $290,704,984 

Page 4


John Hancock
Patriot Premium Dividend Fund II
Footnotes to Schedule of Investments
January 31, 2007 (unaudited)

(A) Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings are not available.

(B) This security is fair valued in good faith under procedures established by the Board of Trustees. These securities amounted to $54,637 or 0.02% of the Fund's total investments as of January 31, 2007.

(G) Security rated internally by John Hancock Advisers, LLC.

(I) Non-income-producing security.

(S) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such security may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $3,535,854 or 1.22% of the Fund's total investments as of January 31, 2007.

Parenthetical disclosure of a foreign country in the security description represents country of a foreign issuer.

The percentage shown for each investment category is the total value of that category as a percentage of the total investments of the Fund.

The cost of investments owned on January 31, 2007, including short-term investments, was $260,774,164. Gross unrealized appreciation and depreciation of investments aggregated $32,878,137 and $2,947,317, respectively, resulting in net unrealized appreciation of $29,930,820.

Footnotes to Schedule of Investments - Page 1




ITEM 2. CONTROLS AND PROCEDURES.

(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

John Hancock Patriot Premium Dividend Fund II

By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer

Date: March 28, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer

Date: March 28, 2007

By: /s/ John G. Vrysen
-------------------------------------
John G. Vrysen
Chief Financial Officer

Date: April 2, 2007