John Hancock Preferred Income Fund III
HPS
44 hedge funds and large institutions have $67.9M invested in John Hancock Preferred Income Fund III in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
7% more funds holding
Funds holding: 41 → 44 (+3)
7% more capital invested
Capital invested by funds: $63.6M → $67.9M (+$4.26M)
0.31% more ownership
Funds ownership: 10.92% → 11.23% (+0.31%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.83M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$509K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$446K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$402K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$352K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.25M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.2M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$643K |
| 4 |
Cohen & Steers
New York
|
-$598K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$374K |
HPS Hedge Fund Activity: Q2 2017 in Review
44 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q2 2017, worth a combined $67.9M — up 6.7% from $63.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new HPS positions and 2 closed out — a net gain of 3 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $3.83M. The largest seller was LPL Financial, cutting an estimated $1.25M.
- 44 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q2 2017, up from 41 in Q1 2017.
- Funds reported $67.9M of John Hancock Preferred Income Fund III stock for Q2 2017, up 6.7% quarter-over-quarter.
- 5 funds opened new John Hancock Preferred Income Fund III positions in Q2 2017 and 2 closed out, a net change of +3 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q2 2017 was Royal Bank of Canada, an estimated $3.83M added.
- The largest John Hancock Preferred Income Fund III seller in Q2 2017 was LPL Financial, an estimated $1.25M sold.
Based on aggregated 13F filings for Q2 2017.