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HPS

John Hancock Preferred Income Fund III

41 hedge funds and large institutions have $63.6M invested in John Hancock Preferred Income Fund III in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 15

2.52% less ownership

Funds ownership: 13.44%10.92% (-2.5%)

11% less funds holding

Funds holding: 4641 (-5)

16% less capital invested

Capital invested by funds: $75.3M → $63.6M (-$11.7M)

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

Holders
41
Holders Change
-5
Holders Change %
-10.87%
% of All Funds
1.02%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
14
Reduced
15
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BAS
26
Brown Advisory Securities
Maryland
$236K +$15.1K +826 +7%
SWP
27
Stratos Wealth Partners
Ohio
$216K +$214K +11,725 New
SI
28
SII Investments
Wisconsin
$210K -$21.4K -1,172 -9%
AG
29
Advisor Group
Arizona
$208K +$47.3K +2,590 +30%
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$134K +$10.4K +570 +9%
GWM
31
Geneos Wealth Management
Colorado
$85K
NFG
32
Next Financial Group
Texas
$72K -$27.7K -1,517 -29%
Creative Planning
33
Creative Planning
Kansas
$55K
PA
34
Parallel Advisors
California
$55K +$53.7K +2,939 New
NSIM
35
North Star Investment Management
Illinois
$38K
IWM
36
IHT Wealth Management
Illinois
$18K
GRP
37
Global Retirement Partners
California
$14K
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$14K +$10.7K +584 +382%
PCM
39
Penserra Capital Management
California
$8K -$1.21K -66 -13%
Citigroup
40
Citigroup
New York
$1K -$599K -32,788 -100%
N
41
Nuveen
North Carolina
-$11.5M -646,421 Closed
RCM
42
Rivernorth Capital Management
Florida
-$2.11M -118,993 Closed
VKH
43
Virtu KCG Holdings
New York
-$181K -10,198 Closed
CAPTRUST Financial Advisors
44
CAPTRUST Financial Advisors
North Carolina
-$53K -3,015 Closed
TWA
45
TCI Wealth Advisors
Arizona
-$9K -500 Closed
US Bancorp
46
US Bancorp
Minnesota
-$6K -341 Closed
Manulife (Manufacturers Life Insurance)
47
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$5K -300 Closed
DADC
48
D.A. Davidson & Co
Montana
-$1K -62 Closed
MA
49
MUFG Americas
New York
+$274 +15 New

HPS Hedge Fund Activity: Q1 2017 in Review

41 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2017, worth a combined $63.6M — down 16% from $75.3M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of HPS and 4 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 14 added.

The largest buyer was Cohen & Steers, adding an estimated $921K. The largest seller was Nuveen, exiting entirely with an estimated $11.5M sold.

  • 41 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2017, down from 46 in Q4 2016.
  • Funds reported $63.6M of John Hancock Preferred Income Fund III stock for Q1 2017, down 16% quarter-over-quarter.
  • 4 funds opened new John Hancock Preferred Income Fund III positions in Q1 2017 and 8 closed out, a net change of -4 holders.
  • The largest John Hancock Preferred Income Fund III buyer in Q1 2017 was Cohen & Steers, an estimated $921K added.
  • The largest John Hancock Preferred Income Fund III seller in Q1 2017 was Nuveen, an estimated $11.5M sold.

Based on aggregated 13F filings for Q1 2017.