John Hancock Preferred Income Fund III
HPS
46 hedge funds and large institutions have $61.3M invested in John Hancock Preferred Income Fund III in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 8 reducing their positions, and 8 closing their positions.
138% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
0.53% less ownership
Funds ownership: 10.58% → 10.05% (-0.53%)
1% less capital invested
Capital invested by funds: $62M → $61.3M (-$612K)
4% less funds holding
Funds holding: 48 → 46 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$401K |
| 2 |
TF
Trek Financial
Scottsdale,
Arizona
|
+$326K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$307K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$291K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.38M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$253K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$201K |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$199K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$135K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
POIA
51
Pin Oak Investment Advisors
Houston,
Texas
| – | -$21K | -1,100 | Closed |
|
|
FHB
52
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$4K | -190 | Closed |
|
53
Fidelity Investments
Boston,
Massachusetts
| – | +$19 | +1 | New |
|
HPS Hedge Fund Activity: Q2 2019 in Review
46 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q2 2019, worth a combined $61.3M — down 0.99% from $62M a quarter earlier.
Fund positioning in HPS was balanced in Q2 2019: 8 funds opened new positions, 8 closed out, 19 added to existing stakes and 8 trimmed.
The largest buyer was Atria Investments, opening a new position worth an estimated $401K. The largest seller was Morgan Stanley, cutting an estimated $1.38M.
- 46 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q2 2019, down from 48 in Q1 2019.
- Funds reported $61.3M of John Hancock Preferred Income Fund III stock for Q2 2019, down 0.99% quarter-over-quarter.
- 8 funds opened new John Hancock Preferred Income Fund III positions in Q2 2019 and 8 closed out, a net change of 0 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q2 2019 was Atria Investments, an estimated $401K added.
- The largest John Hancock Preferred Income Fund III seller in Q2 2019 was Morgan Stanley, an estimated $1.38M sold.
Based on aggregated 13F filings for Q2 2019.