Madison Covered Call & Equity Strategy Fund
MCN
33 hedge funds and large institutions have $62M invested in Madison Covered Call & Equity Strategy Fund in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
6% more funds holding
Funds holding: 31 → 33 (+2)
0.66% more ownership
Funds ownership: 41.13% → 41.78% (+0.66%)
1% more capital invested
Capital invested by funds: $61.6M → $62M (+$366K)
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.21M |
| 2 |
CWM
Confluence Wealth Management
Portland,
Oregon
|
+$253K |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$159K |
| 4 |
Millennium Management
New York
|
+$86.2K |
| 5 |
ACM
American Capital Management
New York
|
+$77.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.61M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$489K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$235K |
| 4 |
OC
Oarsman Capital
Milwaukee,
Wisconsin
|
-$206K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$163K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $54K | -$7K | -900 | -11% |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $49K | -$15.6K | -2,000 | -24% |
|
28
Citigroup
New York
| $22K | +$4.64K | +596 | +27% |
|
|
GWM
29
Geneos Wealth Management
Englewood,
Colorado
| $7K | – | – | – |
|
|
CHP
30
Cable Hill Partners
Portland,
Oregon
| $7K | +$6.92K | +890 | New |
|
|
AA
31
Ancora Advisors
Cleveland,
Ohio
| $6K | +$5.68K | +730 | New |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
RCM
33
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$489K | -62,907 | Closed |
|
|
GC
34
Guggenheim Capital
Chicago,
Illinois
| – | -$235K | -30,261 | Closed |
|
|
KA
35
Klingman & Associates
New York
| – | -$20K | -2,556 | Closed |
|
MCN Hedge Fund Activity: Q4 2016 in Review
33 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2016, worth a combined $62M — up 0.59% from $61.6M 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 11 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.21M. The largest seller was Advisors Asset Management, cutting an estimated $2.61M.
- 33 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2016, up from 31 in Q3 2016.
- Funds reported $62M of Madison Covered Call & Equity Strategy Fund stock for Q4 2016, up 0.59% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2016 and 3 closed out, a net change of +2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2016 was Karpus Investment Management, an estimated $4.21M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2016 was Advisors Asset Management, an estimated $2.61M sold.
Based on aggregated 13F filings for Q4 2016.