John Hancock Preferred Income Fund III
HPS
41 hedge funds and large institutions have $63.6M invested in John Hancock Preferred Income Fund III in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 8 closing their positions.
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
2.52% less ownership
Funds ownership: 13.44% → 10.92% (-2.5%)
11% less funds holding
Funds holding: 46 → 41 (-5)
16% less capital invested
Capital invested by funds: $75.3M → $63.6M (-$11.7M)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$921K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$561K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$528K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$336K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$288K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
-$11.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.11M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.16M |
| 4 |
Citigroup
New York
|
-$599K |
| 5 |
LPL Financial
San Diego,
California
|
-$371K |
HPS Hedge Fund Activity: Q1 2017 in Review
41 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2017, worth a combined $63.6M — down 16% from $75.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of HPS and 4 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 14 added.
The largest buyer was Cohen & Steers, adding an estimated $921K. The largest seller was Nuveen, exiting entirely with an estimated $11.5M sold.
- 41 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2017, down from 46 in Q4 2016.
- Funds reported $63.6M of John Hancock Preferred Income Fund III stock for Q1 2017, down 16% quarter-over-quarter.
- 4 funds opened new John Hancock Preferred Income Fund III positions in Q1 2017 and 8 closed out, a net change of -4 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q1 2017 was Cohen & Steers, an estimated $921K added.
- The largest John Hancock Preferred Income Fund III seller in Q1 2017 was Nuveen, an estimated $11.5M sold.
Based on aggregated 13F filings for Q1 2017.