John Hancock Preferred Income Fund III
HPS
39 hedge funds and large institutions have $62.9M invested in John Hancock Preferred Income Fund III in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 8 closing their positions.
10% more capital invested
Capital invested by funds: $57.3M → $62.9M (+$5.57M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.14% less ownership
Funds ownership: 11.64% → 11.5% (-0.14%)
9% less funds holding
Funds holding: 43 → 39 (-4)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.42M |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$1.02M |
| 3 |
Morgan Stanley
New York
|
+$915K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$583K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$472K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.32M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$979K |
| 3 |
SG Americas Securities
New York
|
-$761K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$613K |
| 5 |
SCM
Saba Capital Management
New York
|
-$536K |
HPS Hedge Fund Activity: Q1 2014 in Review
39 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2014, worth a combined $62.9M — up 9.7% from $57.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of HPS and 5 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 11 added.
The largest buyer was Mariner Investment Group, adding an estimated $2.42M. The largest seller was Invesco, cutting an estimated $1.32M.
- 39 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2014, down from 43 in Q4 2013.
- Funds reported $62.9M of John Hancock Preferred Income Fund III stock for Q1 2014, up 9.7% quarter-over-quarter.
- 5 funds opened new John Hancock Preferred Income Fund III positions in Q1 2014 and 8 closed out, a net change of -3 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q1 2014 was Mariner Investment Group, an estimated $2.42M added.
- The largest John Hancock Preferred Income Fund III seller in Q1 2014 was Invesco, an estimated $1.32M sold.
Based on aggregated 13F filings for Q1 2014.