Madison Covered Call & Equity Strategy Fund
MCN
31 hedge funds and large institutions have $65.1M invested in Madison Covered Call & Equity Strategy Fund in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 6 closing their positions.
5% more capital invested
Capital invested by funds: $62M → $65.1M (+$3.12M)
0.31% more ownership
Funds ownership: 41.78% → 42.09% (+0.31%)
6% less funds holding
Funds holding: 33 → 31 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.81M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.85M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$863K |
| 4 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$405K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$231K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.45M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$762K |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$698K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$651K |
| 5 |
OIA
Optimum Investment Advisors
Chicago,
Illinois
|
-$100K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $51K | – | – | – |
|
27
Citigroup
New York
| $18K | -$4.57K | -576 | -21% |
|
|
GWM
28
Geneos Wealth Management
Englewood,
Colorado
| $8K | – | – | – |
|
29
US Bancorp
Minneapolis,
Minnesota
| $3K | +$3.18K | +400 | New |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
PAG
31
Private Advisor Group
Morristown,
New Jersey
| – | -$762K | -97,487 | Closed |
|
|
OIA
32
Optimum Investment Advisors
Chicago,
Illinois
| – | -$100K | -13,010 | Closed |
|
33
Millennium Management
New York
| – | -$85K | -11,077 | Closed |
|
|
ACM
34
American Capital Management
New York
| – | -$77K | -10,000 | Closed |
|
|
CHP
35
Cable Hill Partners
Portland,
Oregon
| – | -$7K | -890 | Closed |
|
|
AA
36
Ancora Advisors
Cleveland,
Ohio
| – | -$6K | -730 | Closed |
|
MCN Hedge Fund Activity: Q1 2017 in Review
31 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2017, worth a combined $65.1M — up 5% from $62M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MCN and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 6 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.81M. The largest seller was Advisors Asset Management, cutting an estimated $3.45M.
- 31 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2017, down from 33 in Q4 2016.
- Funds reported $65.1M of Madison Covered Call & Equity Strategy Fund stock for Q1 2017, up 5% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2017 and 6 closed out, a net change of -1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2017 was Karpus Investment Management, an estimated $2.81M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2017 was Advisors Asset Management, an estimated $3.45M sold.
Based on aggregated 13F filings for Q1 2017.