John Hancock Preferred Income Fund III
HPS
40 hedge funds and large institutions have $71.2M invested in John Hancock Preferred Income Fund III in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
8% more funds holding
Funds holding: 37 → 40 (+3)
0.1% less ownership
Funds ownership: 11.78% → 11.68% (-0.1%)
4% less capital invested
Capital invested by funds: $74.3M → $71.2M (-$3.06M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.01M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$685K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$671K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$216K |
| 5 |
LPL Financial
San Diego,
California
|
+$130K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.04M |
| 2 |
Morgan Stanley
New York
|
-$537K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$484K |
| 4 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$475K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$429K |
HPS Hedge Fund Activity: Q3 2016 in Review
40 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q3 2016, worth a combined $71.2M — down 4.1% from $74.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new HPS positions and 1 closed out — a net gain of 3 holders — while 15 added to existing stakes and 13 trimmed.
The largest buyer was Bank of America, adding an estimated $1.01M. The largest seller was Invesco, cutting an estimated $1.04M.
- 40 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q3 2016, up from 37 in Q2 2016.
- Funds reported $71.2M of John Hancock Preferred Income Fund III stock for Q3 2016, down 4.1% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund III positions in Q3 2016 and 1 closed out, a net change of +3 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q3 2016 was Bank of America, an estimated $1.01M added.
- The largest John Hancock Preferred Income Fund III seller in Q3 2016 was Invesco, an estimated $1.04M sold.
Based on aggregated 13F filings for Q3 2016.