Madison Covered Call & Equity Strategy Fund
MCN
29 hedge funds and large institutions have $36.5M invested in Madison Covered Call & Equity Strategy Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
12% more funds holding
Funds holding: 26 → 29 (+3)
8% more capital invested
Capital invested by funds: $33.9M → $36.5M (+$2.66M)
1.41% more ownership
Funds ownership: 21.51% → 22.92% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.07M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$922K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$476K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$419K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$369K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$2.33M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$192K |
| 3 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$85K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$65.9K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$52.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $9K | -$52.6K | -6,390 | -85% |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $8K | – | – | – |
|
28
Citigroup
New York
| $3K | -$115 | -14 | -4% |
|
|
MFS
29
MSI Financial Services
Springfield,
Massachusetts
| $3K | +$66 | +8 | +2% |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$192K | -23,562 | Closed |
|
|
KFS
31
KMS Financial Services
Seattle,
Washington
| – | -$85K | -10,400 | Closed |
|
MCN Hedge Fund Activity: Q1 2014 in Review
29 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2014, worth a combined $36.5M — up 7.9% from $33.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MCN positions and 2 closed out — a net gain of 3 holders — while 14 added to existing stakes and 7 trimmed.
The largest buyer was Invesco, adding an estimated $1.07M. The largest seller was Financial & Investment Management Group, cutting an estimated $2.33M.
- 29 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2014, up from 26 in Q4 2013.
- Funds reported $36.5M of Madison Covered Call & Equity Strategy Fund stock for Q1 2014, up 7.9% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2014 and 2 closed out, a net change of +3 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2014 was Invesco, an estimated $1.07M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2014 was Financial & Investment Management Group, an estimated $2.33M sold.
Based on aggregated 13F filings for Q1 2014.