John Hancock Preferred Income Fund III
HPS
41 hedge funds and large institutions have $61.1M invested in John Hancock Preferred Income Fund III in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 5 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
0.09% more ownership
Funds ownership: 10.97% → 11.06% (+0.09%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $62M → $61.1M (-$881K)
2% less funds holding
Funds holding: 42 → 41 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$2.38M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.02M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$239K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$199K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$126K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$3.06M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$1.21M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$400K |
| 4 |
ONB
Old National Bancorp
Evansville,
Indiana
|
-$107K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$77.8K |
HPS Hedge Fund Activity: Q3 2014 in Review
41 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q3 2014, worth a combined $61.1M — down 1.4% from $62M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of HPS and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 14 added.
The largest buyer was Newgate Capital Management, opening a new position worth an estimated $2.38M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $3.06M sold.
- 41 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q3 2014, down from 42 in Q2 2014.
- Funds reported $61.1M of John Hancock Preferred Income Fund III stock for Q3 2014, down 1.4% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund III positions in Q3 2014 and 5 closed out, a net change of -1 holder.
- The largest John Hancock Preferred Income Fund III buyer in Q3 2014 was Newgate Capital Management, an estimated $2.38M added.
- The largest John Hancock Preferred Income Fund III seller in Q3 2014 was Mariner Investment Group, an estimated $3.06M sold.
Based on aggregated 13F filings for Q3 2014.