John Hancock Premium Dividend Fund
PDT
58 hedge funds and large institutions have $82M invested in John Hancock Premium Dividend Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 12 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
5% more capital invested
Capital invested by funds: $77.9M → $82M (+$4.04M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.79% less ownership
Funds ownership: 13.44% → 12.65% (-0.79%)
9% less funds holding
Funds holding: 64 → 58 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.09M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.08M |
| 3 |
Morgan Stanley
New York
|
+$738K |
| 4 |
BWP
Baldwin Wealth Partners
Marion,
Massachusetts
|
+$235K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$3.44M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.55M |
| 3 |
SG Americas Securities
New York
|
-$1.36M |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$910K |
| 5 |
Barclays
London,
United Kingdom
|
-$800K |
PDT Hedge Fund Activity: Q1 2014 in Review
58 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in John Hancock Premium Dividend Fund (PDT) for Q1 2014, worth a combined $82M — up 5.2% from $77.9M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PDT and 6 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 21 added.
The largest buyer was Saba Capital Management, adding an estimated $4.09M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $3.44M sold.
- 58 institutional investors held John Hancock Premium Dividend Fund (PDT) as of Q1 2014, down from 64 in Q4 2013.
- Funds reported $82M of John Hancock Premium Dividend Fund stock for Q1 2014, up 5.2% quarter-over-quarter.
- 6 funds opened new John Hancock Premium Dividend Fund positions in Q1 2014 and 12 closed out, a net change of -6 holders.
- The largest John Hancock Premium Dividend Fund buyer in Q1 2014 was Saba Capital Management, an estimated $4.09M added.
- The largest John Hancock Premium Dividend Fund seller in Q1 2014 was Newgate Capital Management, an estimated $3.44M sold.
Based on aggregated 13F filings for Q1 2014.