Madison Covered Call & Equity Strategy Fund
MCN
29 hedge funds and large institutions have $40M invested in Madison Covered Call & Equity Strategy Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
7% more funds holding
Funds holding: 27 → 29 (+2)
2.19% more ownership
Funds ownership: 22.56% → 24.74% (+2.2%)
5% more capital invested
Capital invested by funds: $38.2M → $40M (+$1.84M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.89M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.79M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.38M |
| 4 |
Morgan Stanley
New York
|
+$475K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.56M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$446K |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$253K |
| 4 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$136K |
| 5 |
OC
Oarsman Capital
Milwaukee,
Wisconsin
|
-$95.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $13K | – | – | – |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $8K | -$3.56K | -409 | -29% |
|
|
NFG
28
Next Financial Group
Houston,
Texas
| $8K | +$8.71K | +1,000 | New |
|
29
Citigroup
New York
| $6K | +$1.24K | +142 | +26% |
|
|
FIM
30
Freedom Investment Management
Hartford,
Connecticut
| – | -$136K | -15,503 | Closed |
|
|
RC
31
RegentAtlantic Capital
Morristown,
New Jersey
| – | -$90K | -10,220 | Closed |
|
|
CFA
32
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$14K | -1,600 | Closed |
|
MCN Hedge Fund Activity: Q3 2014 in Review
29 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2014, worth a combined $40M — up 4.8% from $38.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MCN positions and 3 closed out — a net gain of 2 holders — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.89M. The largest seller was Punch & Associates Investment Management, cutting an estimated $1.56M.
- 29 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2014, up from 27 in Q2 2014.
- Funds reported $40M of Madison Covered Call & Equity Strategy Fund stock for Q3 2014, up 4.8% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2014 and 3 closed out, a net change of +2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2014 was Advisors Asset Management, an estimated $1.89M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2014 was Punch & Associates Investment Management, an estimated $1.56M sold.
Based on aggregated 13F filings for Q3 2014.