John Hancock Preferred Income Fund III
HPS
42 hedge funds and large institutions have $62M invested in John Hancock Preferred Income Fund III in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
8% more funds holding
Funds holding: 39 → 42 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.53% less ownership
Funds ownership: 11.5% → 10.97% (-0.53%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
35% less capital inflows, than outflows
Capital inflows: $3.71M | Capital outflows: $5.73M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Old National Bancorp
Evansville,
Indiana
|
+$900K |
| 2 |
Morgan Stanley
New York
|
+$852K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$445K |
| 4 |
NWAM LLC
Mercer Island,
Washington
|
+$296K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$279K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.6M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.55M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.08M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$448K |
| 5 |
Saba Capital Management
New York
|
-$324K |
HPS Hedge Fund Activity: Q2 2014 in Review
42 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q2 2014, worth a combined $62M — down 1.3% from $62.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HPS positions and 3 closed out — a net gain of 4 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Old National Bancorp, opening a new position worth an estimated $900K. The largest seller was Mariner Investment Group, cutting an estimated $1.6M.
- 42 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q2 2014, up from 39 in Q1 2014.
- Funds reported $62M of John Hancock Preferred Income Fund III stock for Q2 2014, down 1.3% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund III positions in Q2 2014 and 3 closed out, a net change of +4 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q2 2014 was Old National Bancorp, an estimated $900K added.
- The largest John Hancock Preferred Income Fund III seller in Q2 2014 was Mariner Investment Group, an estimated $1.6M sold.
Based on aggregated 13F filings for Q2 2014.