John Hancock Preferred Income Fund III
HPS
37 hedge funds and large institutions have $58.2M invested in John Hancock Preferred Income Fund III in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
3% more funds holding
Funds holding: 36 → 37 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.05% less ownership
Funds ownership: 11.08% → 11.03% (-0.05%)
8% less capital invested
Capital invested by funds: $63.6M → $58.2M (-$5.4M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.22M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$1.51M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$390K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$270K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.89M |
| 2 |
Morgan Stanley
New York
|
-$1.52M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$979K |
| 4 |
HL
HeadInvest LLC
Portland,
Maine
|
-$460K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$271K |
HPS Hedge Fund Activity: Q3 2013 in Review
37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q3 2013, worth a combined $58.2M — down 8.5% from $63.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new HPS positions and 5 closed out — a net gain of 1 holder — while 6 added to existing stakes and 10 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $3.22M. The largest seller was Invesco, cutting an estimated $1.89M.
- 37 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q3 2013, up from 36 in Q2 2013.
- Funds reported $58.2M of John Hancock Preferred Income Fund III stock for Q3 2013, down 8.5% quarter-over-quarter.
- 6 funds opened new John Hancock Preferred Income Fund III positions in Q3 2013 and 5 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund III buyer in Q3 2013 was Guggenheim Capital, an estimated $3.22M added.
- The largest John Hancock Preferred Income Fund III seller in Q3 2013 was Invesco, an estimated $1.89M sold.
Based on aggregated 13F filings for Q3 2013.