John Hancock Preferred Income Fund III
HPS
50 hedge funds and large institutions have $61.5M invested in John Hancock Preferred Income Fund III in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
9% more funds holding
Funds holding: 46 → 50 (+4)
0% more capital invested
Capital invested by funds: $61.3M → $61.5M (+$122K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.32% less ownership
Funds ownership: 10.05% → 9.72% (-0.32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWM
Western Wealth Management
Golden,
Colorado
|
+$777K |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$355K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$257K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$239K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$2.15M |
| 2 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$931K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$571K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$442K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$268K |
HPS Hedge Fund Activity: Q3 2019 in Review
50 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q3 2019, worth a combined $61.5M — up 0.2% from $61.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HPS positions and 3 closed out — a net gain of 4 holders — while 20 added to existing stakes and 11 trimmed.
The largest buyer was Western Wealth Management, opening a new position worth an estimated $777K. The largest seller was Cohen & Steers, cutting an estimated $2.15M.
- 50 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q3 2019, up from 46 in Q2 2019.
- Funds reported $61.5M of John Hancock Preferred Income Fund III stock for Q3 2019, up 0.2% quarter-over-quarter.
- 7 funds opened new John Hancock Preferred Income Fund III positions in Q3 2019 and 3 closed out, a net change of +4 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q3 2019 was Western Wealth Management, an estimated $777K added.
- The largest John Hancock Preferred Income Fund III seller in Q3 2019 was Cohen & Steers, an estimated $2.15M sold.
Based on aggregated 13F filings for Q3 2019.