John Hancock Preferred Income Fund III
HPS
62 hedge funds and large institutions have $54.1M invested in John Hancock Preferred Income Fund III in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 13 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
1.87% less ownership
Funds ownership: 12.85% → 10.98% (-1.9%)
7% less capital invested
Capital invested by funds: $58M → $54.1M (-$3.94M)
9% less funds holding
Funds holding: 68 → 62 (-6)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.87M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.28M |
| 3 |
AWM
Activest Wealth Management
Aventure,
Florida
|
+$296K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$192K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$181K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.21M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$783K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$674K |
| 4 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$516K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$504K |
HPS Hedge Fund Activity: Q1 2024 in Review
62 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in John Hancock Preferred Income Fund III (HPS) for Q1 2024, worth a combined $54.1M — down 6.8% from $58M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of HPS and 8 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 16 added.
The largest buyer was Cetera Investment Advisers, opening a new position worth an estimated $1.87M. The largest seller was Morgan Stanley, cutting an estimated $9.21M.
- 62 institutional investors held John Hancock Preferred Income Fund III (HPS) as of Q1 2024, down from 68 in Q4 2023.
- Funds reported $54.1M of John Hancock Preferred Income Fund III stock for Q1 2024, down 6.8% quarter-over-quarter.
- 8 funds opened new John Hancock Preferred Income Fund III positions in Q1 2024 and 13 closed out, a net change of -5 holders.
- The largest John Hancock Preferred Income Fund III buyer in Q1 2024 was Cetera Investment Advisers, an estimated $1.87M added.
- The largest John Hancock Preferred Income Fund III seller in Q1 2024 was Morgan Stanley, an estimated $9.21M sold.
Based on aggregated 13F filings for Q1 2024.