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PDT

John Hancock Premium Dividend Fund
PDT

64 hedge funds and large institutions have $77.9M invested in John Hancock Premium Dividend Fund in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 22 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more capital invested

Capital invested by funds: $69.9M → $77.9M (+$8.07M)

1.76% more ownership

Funds ownership: 11.68% → 13.44% (+1.8%)

2% more funds holding

Funds holding: 63 → 64 (+1)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

41% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 22

Holders
64
Holders Change
+1
Holders Change %
+1.59%
% of All Funds
1.86%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
13
Reduced
22
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$7.27M
2
U
UBS
Switzerland
+$4.73M
3
GC
Guggenheim Capital
Illinois
+$1.96M
4
FIMG
Financial & Investment Management Group
Michigan
+$1.89M
5
SG Americas Securities
SG Americas Securities
New York
+$1.4M

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$2.68M
2
AAM
Advisors Asset Management
Colorado
-$1.42M
3
TC
TFS Capital
Pennsylvania
-$1.3M
4
SFS
Shaker Financial Services
Virginia
-$1.22M
5
Bank of America
Bank of America
North Carolina
-$1.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$420K +$14.7K +1,230 +4%
HighTower Advisors
27
HighTower Advisors
Illinois
$408K -$455 -38 -0.1%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$404K -$62K -5,177 -13%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$329K – – –
FHA
30
First Horizon Advisors
Tennessee
$232K – – –
NES
31
New England Securities
New York
$186K -$124K -10,334 -39%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$186K -$58.8K -4,916 -23%
HCM
33
Hollencrest Capital Management
California
$184K +$189K +15,830 New
US Bancorp
34
US Bancorp
Minnesota
$181K – – –
TRCT
35
Tower Research Capital (TRC)
New York
$167K +$172K +14,400 New
RCAG
36
Rehmann Capital Advisory Group
Michigan
$164K – – –
SI
37
SII Investments
Wisconsin
$163K -$11.7K -978 -7%
CAN
38
Cetera Advisor Networks
California
$149K +$155K +12,934 New
PMG
39
ProVise Management Group
Florida
$146K – – –
Creative Planning
40
Creative Planning
Kansas
$131K +$130K +10,834 +2,162%
DA
41
Doliver Advisors
Texas
$127K -$551K -46,074 -81%
AF
42
Aldebaran Financial
$122K +$126K +10,537 New
CS
43
Credit Suisse
Switzerland
$120K -$20K -1,670 -14%
First Manhattan
44
First Manhattan
New York
$99K – – –
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$71K +$38.6K +3,225 +110%
WCM
46
Windsor Capital Management
Arizona
$68K – – –
BAM
47
Barrett Asset Management
New York
$52K – – –
WA
48
Winfield Associates
Ohio
$46K +$47.9K +4,000 New
TJHA
49
Thomas J. Herzfeld Advisors
Florida
$42K -$7.55K -631 -15%
WA
50
WFG Advisors
Texas
$41K -$49.3K -4,122 -54%
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PDT Hedge Fund Activity: Q4 2013 in Review

64 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in John Hancock Premium Dividend Fund (PDT) for Q4 2013, worth a combined $77.9M — up 12% from $69.9M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PDT positions and 13 closed out — a net gain of 1 holder — while 13 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.27M. The largest seller was Newgate Capital Management, cutting an estimated $2.68M.

  • 64 institutional investors held John Hancock Premium Dividend Fund (PDT) as of Q4 2013, up from 63 in Q3 2013.
  • Funds reported $77.9M of John Hancock Premium Dividend Fund stock for Q4 2013, up 12% quarter-over-quarter.
  • 14 funds opened new John Hancock Premium Dividend Fund positions in Q4 2013 and 13 closed out, a net change of +1 holder.
  • The largest John Hancock Premium Dividend Fund buyer in Q4 2013 was Saba Capital Management, an estimated $7.27M added.
  • The largest John Hancock Premium Dividend Fund seller in Q4 2013 was Newgate Capital Management, an estimated $2.68M sold.

Based on aggregated 13F filings for Q4 2013.