John Hancock Preferred Income Fund III
HPS
42 hedge funds and large institutions have $70M invested in John Hancock Preferred Income Fund III in 2015 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 6 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
7% more capital invested
Capital invested by funds: $65.6M → $70M (+$4.42M)
2% more funds holding
Funds holding: 41 → 42 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.06% less ownership
Funds ownership: 12.47% → 12.42% (-0.06%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.11M |
| 2 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$953K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$873K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$639K |
| 5 |
Morgan Stanley
New York
|
+$586K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.77M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$892K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$854K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$476K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$463K |
HPS Hedge Fund Activity: Q4 2015 in Review
42 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q4 2015, worth a combined $70M — up 6.7% from $65.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HPS positions and 6 closed out — a net gain of 1 holder — while 16 added to existing stakes and 13 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.11M. The largest seller was City of London Investment Management, exiting entirely with an estimated $1.77M sold.
- 42 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q4 2015, up from 41 in Q3 2015.
- Funds reported $70M of John Hancock Preferred Income Fund III stock for Q4 2015, up 6.7% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund III positions in Q4 2015 and 6 closed out, a net change of +1 holder.
- The largest John Hancock Preferred Income Fund III buyer in Q4 2015 was LPL Financial, an estimated $1.11M added.
- The largest John Hancock Preferred Income Fund III seller in Q4 2015 was City of London Investment Management, an estimated $1.77M sold.
Based on aggregated 13F filings for Q4 2015.