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HPS

John Hancock Preferred Income Fund III

42 hedge funds and large institutions have $62M invested in John Hancock Preferred Income Fund III in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

8% more funds holding

Funds holding: 3942 (+3)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.53% less ownership

Funds ownership: 11.5%10.97% (-0.53%)

1% less capital invested

Capital invested by funds: $62.9M → $62M (-$844K)

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

Holders
42
Holders Change
+3
Holders Change %
+7.69%
% of All Funds
1.21%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
7
Increased
10
Reduced
11
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
FNBT
26
FineMark National Bank & Trust
Florida
$43K
BFEC
27
Benjamin F. Edwards & Company
Missouri
$39K +$28K +1,584 +264%
AIG
28
American International Group
New York
$36.9K +$8.83K +500 +32%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$33K +$5.9K +334 +22%
FAM
30
Formidable Asset Management
Ohio
$31K
CAPTRUST Financial Advisors
31
CAPTRUST Financial Advisors
North Carolina
$29K
FANJ
32
Financial Architects (New Jersey)
New Jersey
$27K +$26.5K +1,500 New
NSIM
33
North Star Investment Management
Illinois
$25K
NFG
34
Next Financial Group
Texas
$24K +$24.3K +1,377 New
Creative Planning
35
Creative Planning
Kansas
$20K +$5.32K +301 +38%
ST
36
Somerset Trust
Pennsylvania
$16K
RIA
37
Regal Investment Advisors
Michigan
$9K
CTC
38
Central Trust Company
Missouri
$9K +$8.83K +500 New
MFS
39
MSI Financial Services
Massachusetts
$7K
TFA
40
Transamerica Financial Advisors
Florida
$6K
NES
41
New England Securities
New York
$2K
SCM
42
Saba Capital Management
New York
-$324K -18,733 Closed
WAM
43
Wolverine Asset Management
Illinois
-$75K -4,370 Closed
Citigroup
44
Citigroup
New York
-$57K -3,303 Closed
WA
45
WFG Advisors
Texas
-$2.72K -154 -94%

HPS Hedge Fund Activity: Q2 2014 in Review

42 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q2 2014, worth a combined $62M — down 1.3% from $62.9M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new HPS positions and 3 closed out — a net gain of 4 holders — while 10 added to existing stakes and 11 trimmed.

The largest buyer was Old National Bancorp, opening a new position worth an estimated $900K. The largest seller was Mariner Investment Group, cutting an estimated $1.6M.

  • 42 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q2 2014, up from 39 in Q1 2014.
  • Funds reported $62M of John Hancock Preferred Income Fund III stock for Q2 2014, down 1.3% quarter-over-quarter.
  • 7 funds opened new John Hancock Preferred Income Fund III positions in Q2 2014 and 3 closed out, a net change of +4 holders.
  • The largest John Hancock Preferred Income Fund III buyer in Q2 2014 was Old National Bancorp, an estimated $900K added.
  • The largest John Hancock Preferred Income Fund III seller in Q2 2014 was Mariner Investment Group, an estimated $1.6M sold.

Based on aggregated 13F filings for Q2 2014.