John Hancock Preferred Income Fund III
HPS
41 hedge funds and large institutions have $54.9M invested in John Hancock Preferred Income Fund III in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 8 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.09% less ownership
Funds ownership: 10.94% → 9.85% (-1.1%)
7% less funds holding
Funds holding: 44 → 41 (-3)
15% less capital invested
Capital invested by funds: $64.8M → $54.9M (-$9.92M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$553K |
| 2 |
Cohen & Steers
New York
|
+$508K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$379K |
| 4 |
Millennium Management
New York
|
+$221K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.06M |
| 2 |
Morgan Stanley
New York
|
-$2.42M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$1.15M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$631K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$331K |
HPS Hedge Fund Activity: Q1 2018 in Review
41 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2018, worth a combined $54.9M — down 15% from $64.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of HPS and 5 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 16 added.
The largest buyer was Doliver Advisors, opening a new position worth an estimated $553K. The largest seller was Royal Bank of Canada, cutting an estimated $3.06M.
- 41 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2018, down from 44 in Q4 2017.
- Funds reported $54.9M of John Hancock Preferred Income Fund III stock for Q1 2018, down 15% quarter-over-quarter.
- 5 funds opened new John Hancock Preferred Income Fund III positions in Q1 2018 and 8 closed out, a net change of -3 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q1 2018 was Doliver Advisors, an estimated $553K added.
- The largest John Hancock Preferred Income Fund III seller in Q1 2018 was Royal Bank of Canada, an estimated $3.06M sold.
Based on aggregated 13F filings for Q1 2018.