John Hancock Premium Dividend Fund
PDT
70 hedge funds and large institutions have $77.4M invested in John Hancock Premium Dividend Fund in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
4% more funds holding
Funds holding: 67 → 70 (+3)
2.25% less ownership
Funds ownership: 13.56% → 11.32% (-2.2%)
13% less capital invested
Capital invested by funds: $89.2M → $77.4M (-$11.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$450K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$436K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$256K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$241K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$185K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$8.92M |
| 2 |
SCM
Saba Capital Management
New York
|
-$6.25M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$978K |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$862K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$588K |
PDT Hedge Fund Activity: Q4 2014 in Review
70 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in John Hancock Premium Dividend Fund (PDT) for Q4 2014, worth a combined $77.4M — down 13% from $89.2M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PDT positions and 7 closed out — a net gain of 5 holders — while 19 added to existing stakes and 16 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $450K. The largest seller was Financial & Investment Management Group, cutting an estimated $8.92M.
- 70 institutional investors held John Hancock Premium Dividend Fund (PDT) as of Q4 2014, up from 67 in Q3 2014.
- Funds reported $77.4M of John Hancock Premium Dividend Fund stock for Q4 2014, down 13% quarter-over-quarter.
- 12 funds opened new John Hancock Premium Dividend Fund positions in Q4 2014 and 7 closed out, a net change of +5 holders.
- The largest John Hancock Premium Dividend Fund buyer in Q4 2014 was Manulife (Manufacturers Life Insurance), an estimated $450K added.
- The largest John Hancock Premium Dividend Fund seller in Q4 2014 was Financial & Investment Management Group, an estimated $8.92M sold.
Based on aggregated 13F filings for Q4 2014.