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HPS

John Hancock Preferred Income Fund III

48 hedge funds and large institutions have $52.4M invested in John Hancock Preferred Income Fund III in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

7% more funds holding

Funds holding: 4548 (+3)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.05% less ownership

Funds ownership: 10.52%10.47% (-0.05%)

16% less capital invested

Capital invested by funds: $62.5M → $52.4M (-$10.1M)

47% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 19

Holders
48
Holders Change
+3
Holders Change %
+6.67%
% of All Funds
1.07%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
8
Increased
10
Reduced
19
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SAMC
1
Spectrum Asset Management (Connecticut)
Connecticut
$10.2M
Morgan Stanley
2
Morgan Stanley
New York
$9.75M +$1.12M +64,569 +12%
UBS Group
3
UBS Group
Switzerland
$7.07M -$825K -47,624 -10%
Cohen & Steers
4
Cohen & Steers
New York
$5.28M +$288K +16,631 +5%
Invesco
5
Invesco
Georgia
$3.94M -$1.66M -95,910 -28%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$2M +$784K +45,254 +56%
BC
7
Burney Company
Virginia
$1.93M -$351K -20,249 -14%
Bank of America
8
Bank of America
North Carolina
$1.47M -$94.7K -5,467 -6%
CAN
9
Cetera Advisor Networks
California
$1.19M +$144K +8,300 +12%
NL
10
NWAM LLC
Washington
$1.09M -$32.9K -1,900 -3%
GC
11
Guggenheim Capital
Illinois
$1.05M -$605K -34,937 -35%
MAFM
12
Mid Atlantic Financial Management
Pennsylvania
$757K +$828K +47,759 New
Wells Fargo
13
Wells Fargo
California
$685K -$43.8K -2,530 -6%
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$603K -$9.76K -563 -1%
CIA
15
Capital Investment Advisors
Georgia
$503K
ONB
16
Old National Bancorp
Indiana
$480K -$42.5K -2,450 -7%
Ameriprise
17
Ameriprise
Minnesota
$436K +$71.3K +4,114 +18%
HK
18
Horizon Kinetics
New York
$387K -$25.2K -1,455 -6%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$367K +$22.5K +1,300 +6%
WAM
20
Weiss Asset Management
Massachusetts
$345K +$377K +21,766 New
RJFSA
21
Raymond James Financial Services Advisors
Florida
$312K -$45.7K -2,637 -12%
WS
22
Wedbush Securities
California
$267K -$44.9K -2,590 -13%
SWP
23
Stratos Wealth Partners
Ohio
$258K -$33.6K -1,940 -11%
LPL Financial
24
LPL Financial
California
$257K -$19.9K -1,147 -7%
AG
25
Advisor Group
Arizona
$197K +$46.3K +2,673 +27%

HPS Hedge Fund Activity: Q4 2018 in Review

48 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q4 2018, worth a combined $52.4M — down 16% from $62.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new HPS positions and 5 closed out — a net gain of 3 holders — while 10 added to existing stakes and 19 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.12M. The largest seller was Invesco, cutting an estimated $1.66M.

  • 48 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q4 2018, up from 45 in Q3 2018.
  • Funds reported $52.4M of John Hancock Preferred Income Fund III stock for Q4 2018, down 16% quarter-over-quarter.
  • 8 funds opened new John Hancock Preferred Income Fund III positions in Q4 2018 and 5 closed out, a net change of +3 holders.
  • The largest John Hancock Preferred Income Fund III buyer in Q4 2018 was Morgan Stanley, an estimated $1.12M added.
  • The largest John Hancock Preferred Income Fund III seller in Q4 2018 was Invesco, an estimated $1.66M sold.

Based on aggregated 13F filings for Q4 2018.