John Hancock Preferred Income Fund III
HPS
46 hedge funds and large institutions have $75.3M invested in John Hancock Preferred Income Fund III in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
15% more funds holding
Funds holding: 40 → 46 (+6)
6% more capital invested
Capital invested by funds: $71.2M → $75.3M (+$4.06M)
1.76% more ownership
Funds ownership: 11.68% → 13.44% (+1.8%)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$11.4M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.1M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$604K |
| 4 |
Citigroup
New York
|
+$580K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$476K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.09M |
| 2 |
Morgan Stanley
New York
|
-$1.14M |
| 3 |
LPL Financial
San Diego,
California
|
-$662K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$633K |
| 5 |
HK
Horizon Kinetics
New York
|
-$491K |
HPS Hedge Fund Activity: Q4 2016 in Review
46 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q4 2016, worth a combined $75.3M — up 5.7% from $71.2M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new HPS positions and 7 closed out — a net gain of 7 holders — while 12 added to existing stakes and 16 trimmed.
The largest buyer was Nuveen, opening a new position worth an estimated $11.4M. The largest seller was Bank of America, cutting an estimated $3.09M.
- 46 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q4 2016, up from 40 in Q3 2016.
- Funds reported $75.3M of John Hancock Preferred Income Fund III stock for Q4 2016, up 5.7% quarter-over-quarter.
- 14 funds opened new John Hancock Preferred Income Fund III positions in Q4 2016 and 7 closed out, a net change of +7 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q4 2016 was Nuveen, an estimated $11.4M added.
- The largest John Hancock Preferred Income Fund III seller in Q4 2016 was Bank of America, an estimated $3.09M sold.
Based on aggregated 13F filings for Q4 2016.