John Hancock Preferred Income Fund III
HPS
48 hedge funds and large institutions have $62M invested in John Hancock Preferred Income Fund III in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 6 closing their positions.
18% more capital invested
Capital invested by funds: $52.4M → $62M (+$9.57M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
0.11% more ownership
Funds ownership: 10.47% → 10.58% (+0.11%)
0% more funds holding
Funds holding: 48 → 48 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$396K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$209K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$194K |
| 4 |
Citigroup
New York
|
+$186K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$120K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.15M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$395K |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$377K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$345K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$268K |
HPS Hedge Fund Activity: Q1 2019 in Review
48 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2019, worth a combined $62M — up 18% from $52.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HPS positions and 6 closed out — a net gain of 1 holder — while 13 added to existing stakes and 16 trimmed.
The largest buyer was UBS Group, adding an estimated $396K. The largest seller was Royal Bank of Canada, cutting an estimated $1.15M.
- 48 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2019, unchanged from Q4 2018.
- Funds reported $62M of John Hancock Preferred Income Fund III stock for Q1 2019, up 18% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund III positions in Q1 2019 and 6 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund III buyer in Q1 2019 was UBS Group, an estimated $396K added.
- The largest John Hancock Preferred Income Fund III seller in Q1 2019 was Royal Bank of Canada, an estimated $1.15M sold.
Based on aggregated 13F filings for Q1 2019.