John Hancock Preferred Income Fund III
HPS
68 hedge funds and large institutions have $58M invested in John Hancock Preferred Income Fund III in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
30% more capital invested
Capital invested by funds: $44.5M → $58M (+$13.6M)
3% more funds holding
Funds holding: 66 → 68 (+2)
2.34% more ownership
Funds ownership: 10.51% → 12.85% (+2.3%)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$4.14M |
| 3 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
+$2.11M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$718K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$618K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$8.62M |
| 2 |
JE
JMAC Enterprises
Newtown,
Pennsylvania
|
-$154K |
| 3 |
Jane Street
New York
|
-$144K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$137K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$136K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fidelity Investments
Boston,
Massachusetts
| – | -$13 | -1 | Closed |
|
HPS Hedge Fund Activity: Q4 2023 in Review
68 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q4 2023, worth a combined $58M — up 30% from $44.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HPS positions and 8 closed out — a net gain of 3 holders — while 16 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $9.8M. The largest seller was Spectrum Asset Management (Connecticut), exiting entirely with an estimated $8.62M sold.
- 68 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q4 2023, up from 66 in Q3 2023.
- Funds reported $58M of John Hancock Preferred Income Fund III stock for Q4 2023, up 30% quarter-over-quarter.
- 11 funds opened new John Hancock Preferred Income Fund III positions in Q4 2023 and 8 closed out, a net change of +3 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q4 2023 was Morgan Stanley, an estimated $9.8M added.
- The largest John Hancock Preferred Income Fund III seller in Q4 2023 was Spectrum Asset Management (Connecticut), an estimated $8.62M sold.
Based on aggregated 13F filings for Q4 2023.