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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
FWM
51
Focused Wealth Management
New York
$35K -$40.8K -3,410 -53%
ST
52
Smithfield Trust
Pennsylvania
$35K -$32K -2,677 -47%
MBT
53
Monroe Bank & Trust
Michigan
$30K +$31.1K +2,600 New
KT
54
Kanaly Trust
Texas
$27K +$28.3K +2,365 New
MFS
55
MSI Financial Services
Massachusetts
$24K – – –
PSI
56
Pinnacle Summer Investments
Virginia
$15K – – –
CAL
57
Capital Advisors Ltd
Ohio
$14K +$14.8K +1,240 New
RFA
58
Reilly Financial Advisors
California
$12K – – –
AIA
59
Alerus Investment Advisors
Minnesota
$5K – – –
CFA
60
Carroll Financial Associates
North Carolina
$5K – – –
EFSCE
61
Enterprise Financial Services Corp (EFSC)
Missouri
$5K +$4.79K +400 New
Citigroup
62
Citigroup
New York
$3K -$138K -11,524 -98%
WRM
63
Westport Resources Management
Connecticut
$3K – – –
MA
64
MUFG Americas
New York
$1K +$1.25K +104 New
AAM
65
Advisors Asset Management
Colorado
– -$1.42M -118,570 Closed
TC
66
TFS Capital
Pennsylvania
– -$1.3M -109,060 Closed
SFS
67
Shaker Financial Services
Virginia
– -$1.22M -101,875 Closed
Northern Trust
68
Northern Trust
Illinois
– -$590K -49,320 Closed
RJA
69
Raymond James & Associates
Florida
– -$244K -20,387 Closed
IA
70
Icon Advisers
Colorado
– -$239K -20,000 Closed
ICOA
71
Investment Centers of America
North Dakota
– -$212K -17,756 Closed
OC
72
Oppenheimer & Co
New York
– -$207K -17,315 Closed
WAM
73
Wolverine Asset Management
Illinois
– -$99K -8,310 Closed
RIA
74
Regal Investment Advisors
Michigan
– -$54K -4,500 Closed
Ameriprise
75
Ameriprise
Minnesota
– -$30K -1,000 Closed
1 2
3
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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.