Madison Covered Call & Equity Strategy Fund
MCN
31 hedge funds and large institutions have $46.7M invested in Madison Covered Call & Equity Strategy Fund in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 5 reducing their positions, and 5 closing their positions.
160% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 5
1.72% more ownership
Funds ownership: 28.64% → 30.36% (+1.7%)
2% more capital invested
Capital invested by funds: $45.8M → $46.7M (+$908K)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
3% less funds holding
Funds holding: 32 → 31 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.11M |
| 2 |
Morgan Stanley
New York
|
+$624K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$356K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$209K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$167K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$507K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$207K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$188K |
| 4 |
OC
Oarsman Capital
Milwaukee,
Wisconsin
|
-$127K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$108K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KA
26
Klingman & Associates
New York
| $20K | – | – | – |
|
|
BBPWM
27
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $20K | +$14.9K | +1,800 | +267% |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $19K | +$3.45K | +418 | +21% |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $15K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $14K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $4K | +$4.03K | +488 | New |
|
|
RJA
32
Raymond James & Associates
St Petersburg,
Florida
| – | -$207K | -25,190 | Closed |
|
33
Goldman Sachs
New York
| – | -$91K | -11,048 | Closed |
|
|
MFS
34
MSI Financial Services
Springfield,
Massachusetts
| – | -$33K | -4,000 | Closed |
|
35
Citigroup
New York
| – | -$11K | -1,394 | Closed |
|
|
TWMP
36
Taylor Wealth Management Partners
Boston,
Massachusetts
| – | -$1K | -150 | Closed |
|
MCN Hedge Fund Activity: Q2 2015 in Review
31 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2015, worth a combined $46.7M — up 2% from $45.8M a quarter earlier.
Fund positioning in MCN was balanced in Q2 2015: 5 funds opened new positions, 5 closed out, 13 added to existing stakes and 5 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.11M. The largest seller was Wolverine Asset Management, cutting an estimated $507K.
- 31 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2015, down from 32 in Q1 2015.
- Funds reported $46.7M of Madison Covered Call & Equity Strategy Fund stock for Q2 2015, up 2% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2015 and 5 closed out, a net change of 0 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2015 was Advisors Asset Management, an estimated $2.11M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2015 was Wolverine Asset Management, an estimated $507K sold.
Based on aggregated 13F filings for Q2 2015.