ELCO Management’s Madison Covered Call & Equity Strategy Fund MCN Stock Holding History

ELCO Management’s Portfolio MCN Stock Details MCN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-16,823	Closed	-$104K	–	166
2025 Q3	$104K	Sell	16,823 -2,000	-11%	-$12.4K	0.05%	157
2025 Q2	$118K	Sell	18,823 -2,500	-12%	-$14.7K	0.06%	151
2025 Q1	$131K	Sell	21,323 -700	-3%	-$4.51K	0.07%	150
2024 Q4	$148K	Sell	22,023 -200	-0.9%	-$1.39K	0.08%	155
2024 Q3	$158K	Sell	22,223 -1,000	-4%	-$7.25K	0.09%	160
2024 Q2	$176K	Hold	23,223	–	–	0.1%	147
2024 Q1	$170K	Hold	23,223	–	–	0.1%	146
2023 Q4	$175K	Hold	23,223	–	–	0.12%	133
2023 Q3	$164K	Sell	23,223 -77	-0.3%	-$566	0.12%	124
2023 Q2	$172K	Hold	23,300	–	–	0.12%	120
2023 Q1	$185K	Buy	23,300 +400	+2%	+$3.17K	0.13%	125
2022 Q4	$177K	Buy	22,900 +1,000	+5%	+$7.43K	0.13%	124
2022 Q3	$141K	Buy	+21,900	New	+$158K	0.11%	131

Other funds holding MCN

Osaic Holdings Scottsdale, Arizona $85.1B AUM 27.35% 1-Year Est. Return

SFS

Shaker Financial Services Arlington, Virginia $319M AUM 3.9% 1-Year Est. Return

AIA

Absolute Investment Advisers Rosemary Beach, Florida $1.03B AUM 1% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

WAM

Wolverine Asset Management Chicago, Illinois $11.4B AUM 5.65% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Quarry LP New York $1.2B AUM 47.63% 1-Year Est. Return

ELCO Management's MCN Position: Q4 2025 in Review

ELCO Management sold out of Madison Covered Call & Equity Strategy Fund (MCN) in Q4 2025, closing a stake of 16,823 shares — an estimated $104K sold.

ELCO Management first reported a position in MCN in Q3 2022 and held it in 13 quarters. The position peaked at $185K in Q1 2023. 51 funds tracked by Wall St. Rank hold MCN as of Q4 2025.

ELCO Management reported no remaining Madison Covered Call & Equity Strategy Fund position as of Q4 2025 after selling out during the quarter.
ELCO Management sold 16,823 Madison Covered Call & Equity Strategy Fund shares in Q4 2025, an estimated $104K.
ELCO Management first reported a position in Madison Covered Call & Equity Strategy Fund in Q3 2022 and held it in 13 quarters.
ELCO Management's Madison Covered Call & Equity Strategy Fund position peaked at $185K in Q1 2023.
51 funds tracked by Wall St. Rank held Madison Covered Call & Equity Strategy Fund as of Q4 2025.

Based on ELCO Management's 13F filing for Q4 2025, filed 4 Feb 2026.