Madison Covered Call & Equity Strategy Fund
MCN
27 hedge funds and large institutions have $38.2M invested in Madison Covered Call & Equity Strategy Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 6 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
5% more capital invested
Capital invested by funds: $36.5M → $38.2M (+$1.68M)
0.37% less ownership
Funds ownership: 22.92% → 22.56% (-0.37%)
7% less funds holding
Funds holding: 29 → 27 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.39M |
| 2 |
Morgan Stanley
New York
|
+$917K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$804K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$157K |
| 5 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$1.28M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$998K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$808K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$630K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$584K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $5K | +$1.33K | +157 | +41% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $2K | -$7.85K | -925 | -84% |
|
|
DA
28
Doliver Advisors
Houston,
Texas
| – | -$998K | -120,730 | Closed |
|
|
SFS
29
Shaker Financial Services
Arlington,
Virginia
| – | -$808K | -97,647 | Closed |
|
|
RCM
30
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$230K | -27,753 | Closed |
|
|
TC
31
TFS Capital
West Chester,
Pennsylvania
| – | -$222K | -26,879 | Closed |
|
32
AllianceBernstein
Nashville,
Tennessee
| – | -$137K | -16,562 | Closed |
|
|
TJHA
33
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$8K | -1,000 | Closed |
|
MCN Hedge Fund Activity: Q2 2014 in Review
27 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2014, worth a combined $38.2M — up 4.6% from $36.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MCN and 4 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 11 added.
The largest buyer was Advisors Asset Management, adding an estimated $2.39M. The largest seller was Ancora Advisors, cutting an estimated $1.28M.
- 27 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2014, down from 29 in Q1 2014.
- Funds reported $38.2M of Madison Covered Call & Equity Strategy Fund stock for Q2 2014, up 4.6% quarter-over-quarter.
- 4 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2014 and 6 closed out, a net change of -2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2014 was Advisors Asset Management, an estimated $2.39M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2014 was Ancora Advisors, an estimated $1.28M sold.
Based on aggregated 13F filings for Q2 2014.