John Hancock Preferred Income Fund III
HPS
41 hedge funds and large institutions have $65.6M invested in John Hancock Preferred Income Fund III in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 16 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
5% more funds holding
Funds holding: 39 → 41 (+2)
2% more capital invested
Capital invested by funds: $64.3M → $65.6M (+$1.31M)
0.27% more ownership
Funds ownership: 12.2% → 12.47% (+0.27%)
31% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.23M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$903K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$606K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$538K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$483K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Burney Company
Reston,
Virginia
|
-$1.53M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$754K |
| 3 |
Morgan Stanley
New York
|
-$636K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$567K |
| 5 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$310K |
HPS Hedge Fund Activity: Q3 2015 in Review
41 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q3 2015, worth a combined $65.6M — up 2% from $64.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new HPS positions and 4 closed out — a net gain of 2 holders — while 11 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $2.23M. The largest seller was Burney Company, exiting entirely with an estimated $1.53M sold.
- 41 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q3 2015, up from 39 in Q2 2015.
- Funds reported $65.6M of John Hancock Preferred Income Fund III stock for Q3 2015, up 2% quarter-over-quarter.
- 6 funds opened new John Hancock Preferred Income Fund III positions in Q3 2015 and 4 closed out, a net change of +2 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q3 2015 was Bank of America, an estimated $2.23M added.
- The largest John Hancock Preferred Income Fund III seller in Q3 2015 was Burney Company, an estimated $1.53M sold.
Based on aggregated 13F filings for Q3 2015.