John Hancock Preferred Income Fund III
HPS
39 hedge funds and large institutions have $71.8M invested in John Hancock Preferred Income Fund III in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 9 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
3% more capital invested
Capital invested by funds: $70M → $71.8M (+$1.83M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.34% less ownership
Funds ownership: 12.42% → 12.07% (-0.34%)
7% less funds holding
Funds holding: 42 → 39 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.23M |
| 2 |
LPL Financial
San Diego,
California
|
+$996K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$738K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$522K |
| 5 |
HK
Horizon Kinetics
New York
|
+$512K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.18M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.67M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$593K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$427K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$425K |
HPS Hedge Fund Activity: Q1 2016 in Review
39 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2016, worth a combined $71.8M — up 2.6% from $70M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HPS and 7 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was UBS Group, adding an estimated $2.23M. The largest seller was Morgan Stanley, cutting an estimated $3.18M.
- 39 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2016, down from 42 in Q4 2015.
- Funds reported $71.8M of John Hancock Preferred Income Fund III stock for Q1 2016, up 2.6% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund III positions in Q1 2016 and 9 closed out, a net change of -2 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q1 2016 was UBS Group, an estimated $2.23M added.
- The largest John Hancock Preferred Income Fund III seller in Q1 2016 was Morgan Stanley, an estimated $3.18M sold.
Based on aggregated 13F filings for Q1 2016.