John Hancock Preferred Income Fund III
HPS
43 hedge funds and large institutions have $57.3M invested in John Hancock Preferred Income Fund III in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
16% more funds holding
Funds holding: 37 → 43 (+6)
0.61% more ownership
Funds ownership: 11.03% → 11.64% (+0.61%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $58.2M → $57.3M (-$950K)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.86M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.44M |
| 3 |
SCM
Saba Capital Management
New York
|
+$818K |
| 4 |
SG Americas Securities
New York
|
+$783K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.42M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.18M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$812K |
| 4 |
Morgan Stanley
New York
|
-$745K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$440K |
HPS Hedge Fund Activity: Q4 2013 in Review
43 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q4 2013, worth a combined $57.3M — down 1.6% from $58.2M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new HPS positions and 7 closed out — a net gain of 6 holders — while 8 added to existing stakes and 13 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $1.86M. The largest seller was Guggenheim Capital, cutting an estimated $1.42M.
- 43 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q4 2013, up from 37 in Q3 2013.
- Funds reported $57.3M of John Hancock Preferred Income Fund III stock for Q4 2013, down 1.6% quarter-over-quarter.
- 13 funds opened new John Hancock Preferred Income Fund III positions in Q4 2013 and 7 closed out, a net change of +6 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q4 2013 was Mariner Investment Group, an estimated $1.86M added.
- The largest John Hancock Preferred Income Fund III seller in Q4 2013 was Guggenheim Capital, an estimated $1.42M sold.
Based on aggregated 13F filings for Q4 2013.