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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.27M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$4.73M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.96M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.89M |
| 5 |
SG Americas Securities
New York
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.68M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.42M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.3M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.22M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TWA
76
TCI Wealth Advisors
Tucson,
Arizona
| – | -$12K | -1,000 | Closed |
|
77
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$7K | -600 | Closed |
|
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.