Madison Covered Call & Equity Strategy Fund
MCN
39 hedge funds and large institutions have $53.3M invested in Madison Covered Call & Equity Strategy Fund in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
17% more capital invested
Capital invested by funds: $45.7M → $53.3M (+$7.68M)
4.07% more ownership
Funds ownership: 33.44% → 37.51% (+4.1%)
3% more funds holding
Funds holding: 38 → 39 (+1)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.38M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.47M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.41M |
| 4 |
LPL Financial
San Diego,
California
|
+$874K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$693K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$501K |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$498K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$211K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$194K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$186K |
MCN Hedge Fund Activity: Q4 2015 in Review
39 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2015, worth a combined $53.3M — up 17% from $45.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MCN positions and 5 closed out — a net gain of 1 holder — while 12 added to existing stakes and 15 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.38M. The largest seller was Invesco, cutting an estimated $501K.
- 39 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2015, up from 38 in Q3 2015.
- Funds reported $53.3M of Madison Covered Call & Equity Strategy Fund stock for Q4 2015, up 17% quarter-over-quarter.
- 6 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2015 and 5 closed out, a net change of +1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2015 was Advisors Asset Management, an estimated $2.38M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2015 was Invesco, an estimated $501K sold.
Based on aggregated 13F filings for Q4 2015.