John Hancock Financial Opportunities Fund
BTO
48 hedge funds and large institutions have $123M invested in John Hancock Financial Opportunities Fund in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
37% more capital invested
Capital invested by funds: $90.3M → $123M (+$33.1M)
9% more funds holding
Funds holding: 44 → 48 (+4)
0.82% more ownership
Funds ownership: 17.57% → 18.39% (+0.82%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.4M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.37M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.03M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$952K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$817K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.93M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.46M |
| 3 |
LAM
Lebenthal Asset Management
New York
|
-$747K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
-$409K |
| 5 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
-$379K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GW
51
GW & Wade
Wellesley,
Massachusetts
| – | -$319K | -11,500 | Closed |
|
|
JIR
52
James Investment Research
Alpha,
Ohio
| – | -$43K | -1,557 | Closed |
|
|
AIM
53
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$6K | -209 | Closed |
|
54
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$32 | +1 | New |
|
BTO Hedge Fund Activity: Q4 2016 in Review
48 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in John Hancock Financial Opportunities Fund (BTO) for Q4 2016, worth a combined $123M — up 37% from $90.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BTO positions and 6 closed out — a net gain of 4 holders — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.4M. The largest seller was Bank of Nova Scotia, exiting entirely with an estimated $1.93M sold.
- 48 institutional investors held John Hancock Financial Opportunities Fund (BTO) as of Q4 2016, up from 44 in Q3 2016.
- Funds reported $123M of John Hancock Financial Opportunities Fund stock for Q4 2016, up 37% quarter-over-quarter.
- 10 funds opened new John Hancock Financial Opportunities Fund positions in Q4 2016 and 6 closed out, a net change of +4 holders.
- The largest John Hancock Financial Opportunities Fund buyer in Q4 2016 was Morgan Stanley, an estimated $3.4M added.
- The largest John Hancock Financial Opportunities Fund seller in Q4 2016 was Bank of Nova Scotia, an estimated $1.93M sold.
Based on aggregated 13F filings for Q4 2016.