John Hancock Preferred Income Fund III
HPS
59 hedge funds and large institutions have $46.1M invested in John Hancock Preferred Income Fund III in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
5% more funds holding
Funds holding: 56 → 59 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.2% less ownership
Funds ownership: 11% → 10.79% (-0.2%)
31% less capital invested
Capital invested by funds: $67.3M → $46.1M (-$21.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
+$710K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$646K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$638K |
| 4 |
WWM
Western Wealth Management
Golden,
Colorado
|
+$512K |
| 5 |
AWS
Arkfeld Wealth Strategies
Omaha,
Nebraska
|
+$336K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.12M |
| 2 |
Morgan Stanley
New York
|
-$890K |
| 3 |
Millennium Management
New York
|
-$489K |
| 4 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$484K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$458K |
HPS Hedge Fund Activity: Q1 2020 in Review
59 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2020, worth a combined $46.1M — down 31% from $67.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new HPS positions and 8 closed out — a net gain of 6 holders — while 19 added to existing stakes and 13 trimmed.
The largest buyer was Selway Asset Management, opening a new position worth an estimated $710K. The largest seller was UBS Group, cutting an estimated $1.12M.
- 59 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2020, up from 56 in Q4 2019.
- Funds reported $46.1M of John Hancock Preferred Income Fund III stock for Q1 2020, down 31% quarter-over-quarter.
- 14 funds opened new John Hancock Preferred Income Fund III positions in Q1 2020 and 8 closed out, a net change of +6 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q1 2020 was Selway Asset Management, an estimated $710K added.
- The largest John Hancock Preferred Income Fund III seller in Q1 2020 was UBS Group, an estimated $1.12M sold.
Based on aggregated 13F filings for Q1 2020.