John Hancock Preferred Income Fund III
HPS
48 hedge funds and large institutions have $52.4M invested in John Hancock Preferred Income Fund III in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
7% more funds holding
Funds holding: 45 → 48 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.05% less ownership
Funds ownership: 10.52% → 10.47% (-0.05%)
16% less capital invested
Capital invested by funds: $62.5M → $52.4M (-$10.1M)
47% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.12M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$784K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$377K |
| 4 |
Cohen & Steers
New York
|
+$288K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$208K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.66M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$825K |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$795K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$605K |
| 5 |
BC
Burney Company
Reston,
Virginia
|
-$351K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$55K | -2,967 | Closed |
|
52
US Bancorp
Minneapolis,
Minnesota
| – | -$23K | -1,246 | Closed |
|
53
UBS AM
Chicago,
Illinois
| – | -$3.79K | -203 | Closed |
|
HPS Hedge Fund Activity: Q4 2018 in Review
48 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q4 2018, worth a combined $52.4M — down 16% from $62.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new HPS positions and 5 closed out — a net gain of 3 holders — while 10 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.12M. The largest seller was Invesco, cutting an estimated $1.66M.
- 48 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q4 2018, up from 45 in Q3 2018.
- Funds reported $52.4M of John Hancock Preferred Income Fund III stock for Q4 2018, down 16% quarter-over-quarter.
- 8 funds opened new John Hancock Preferred Income Fund III positions in Q4 2018 and 5 closed out, a net change of +3 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q4 2018 was Morgan Stanley, an estimated $1.12M added.
- The largest John Hancock Preferred Income Fund III seller in Q4 2018 was Invesco, an estimated $1.66M sold.
Based on aggregated 13F filings for Q4 2018.