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, 17 increasing their positions, 12 reducing their positions, and 13 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
13% more capital invested
Capital invested by funds: $47.8M → $54.1M (+$6.3M)
0.4% more ownership
Funds ownership: 10.58% → 10.98% (+0.4%)
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 |
Morgan Stanley
New York
|
+$1.54M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.28M |
| 4 |
AWM
Activest Wealth Management
Aventure,
Florida
|
+$296K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$192K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$783K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$674K |
| 3 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$516K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$504K |
| 5 |
JP Morgan Chase
New York
|
-$376K |
HPS Hedge Fund Activity: Q1 2024 in Review
62 of the 6,958 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 — up 13% from $47.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of HPS and 8 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 17 added.
The largest buyer was Cetera Investment Advisers, opening a new position worth an estimated $1.87M. The largest seller was Landscape Capital Management, exiting entirely with an estimated $783K sold.
- 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, up 13% 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 Landscape Capital Management, an estimated $783K sold.
Based on aggregated 13F filings for Q1 2024.