Madison Covered Call & Equity Strategy Fund
MCN
31 hedge funds and large institutions have $61.6M invested in Madison Covered Call & Equity Strategy Fund in 2016 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 6 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
2% more capital invested
Capital invested by funds: $60.6M → $61.6M (+$1.04M)
0.06% more ownership
Funds ownership: 41.07% → 41.13% (+0.06%)
14% less funds holding
Funds holding: 36 → 31 (-5)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.39M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.17M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$232K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$104K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$77.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.16M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$501K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$386K |
| 4 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$296K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$183K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $61K | -$2.57K | -330 | -4% |
|
|
KA
27
Klingman & Associates
New York
| $20K | – | – | – |
|
28
Citigroup
New York
| $17K | +$195 | +25 | +1% |
|
|
GWM
29
Geneos Wealth Management
Englewood,
Colorado
| $7K | – | – | – |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
AA
31
Ancora Advisors
Cleveland,
Ohio
| – | -$501K | -65,365 | Closed |
|
|
FIMG
32
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$386K | -50,327 | Closed |
|
|
SKK
33
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$296K | -38,670 | Closed |
|
|
LCM
34
Landscape Capital Management
Englewood,
New Jersey
| – | -$94K | -12,259 | Closed |
|
|
TCM
35
TD Capital Management
Memphis,
Tennessee
| – | -$5K | -709 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | -$2K | -200 | Closed |
|
37
SEI Investments
Oaks,
Pennsylvania
| – | +$140 | +18 | New |
|
MCN Hedge Fund Activity: Q3 2016 in Review
31 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2016, worth a combined $61.6M — up 1.7% from $60.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MCN and 1 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 14 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.39M. The largest seller was Advisors Asset Management, cutting an estimated $1.16M.
- 31 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2016, down from 36 in Q2 2016.
- Funds reported $61.6M of Madison Covered Call & Equity Strategy Fund stock for Q3 2016, up 1.7% quarter-over-quarter.
- 1 fund opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2016 and 6 closed out, a net change of -5 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2016 was Karpus Investment Management, an estimated $1.39M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2016 was Advisors Asset Management, an estimated $1.16M sold.
Based on aggregated 13F filings for Q3 2016.