Madison Covered Call & Equity Strategy Fund
MCN
38 hedge funds and large institutions have $45.7M invested in Madison Covered Call & Equity Strategy Fund in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
167% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 6
23% more funds holding
Funds holding: 31 → 38 (+7)
3.08% more ownership
Funds ownership: 30.36% → 33.44% (+3.1%)
2% less capital invested
Capital invested by funds: $46.7M → $45.7M (-$1.02M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.19M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$866K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$524K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$417K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$418K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$394K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$207K |
| 4 |
CI
CAZ Investments
Houston,
Texas
|
-$89K |
| 5 |
OC
Oarsman Capital
Milwaukee,
Wisconsin
|
-$20.7K |
MCN Hedge Fund Activity: Q3 2015 in Review
38 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2015, worth a combined $45.7M — down 2.2% from $46.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MCN positions and 3 closed out — a net gain of 7 holders — while 16 added to existing stakes and 6 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.19M. The largest seller was Morgan Stanley, cutting an estimated $418K.
- 38 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2015, up from 31 in Q2 2015.
- Funds reported $45.7M of Madison Covered Call & Equity Strategy Fund stock for Q3 2015, down 2.2% quarter-over-quarter.
- 10 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2015 and 3 closed out, a net change of +7 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2015 was Advisors Asset Management, an estimated $2.19M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2015 was Morgan Stanley, an estimated $418K sold.
Based on aggregated 13F filings for Q3 2015.