John Hancock Preferred Income Fund III
HPS
41 hedge funds and large institutions have $64.5M invested in John Hancock Preferred Income Fund III in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
6% more capital invested
Capital invested by funds: $61.1M → $64.5M (+$3.4M)
0.38% more ownership
Funds ownership: 11.06% → 11.44% (+0.38%)
0% more funds holding
Funds holding: 41 → 41 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.92M |
| 2 |
BC
Burney Company
Reston,
Virginia
|
+$1.4M |
| 3 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
+$368K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$199K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$102K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.37M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.26M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.18M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$803K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$179K |
HPS Hedge Fund Activity: Q4 2014 in Review
41 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q4 2014, worth a combined $64.5M — up 5.6% from $61.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new HPS positions and 5 closed out — a net gain of 3 holders — while 11 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.92M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $2.37M sold.
- 41 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $64.5M of John Hancock Preferred Income Fund III stock for Q4 2014, up 5.6% quarter-over-quarter.
- 8 funds opened new John Hancock Preferred Income Fund III positions in Q4 2014 and 5 closed out, a net change of +3 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q4 2014 was Morgan Stanley, an estimated $5.92M added.
- The largest John Hancock Preferred Income Fund III seller in Q4 2014 was Newgate Capital Management, an estimated $2.37M sold.
Based on aggregated 13F filings for Q4 2014.