Madison Covered Call & Equity Strategy Fund
MCN
33 hedge funds and large institutions have $61.3M invested in Madison Covered Call & Equity Strategy Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
6% more funds holding
Funds holding: 31 → 33 (+2)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
1.47% less ownership
Funds ownership: 42.09% → 40.62% (-1.5%)
6% less capital invested
Capital invested by funds: $65.1M → $61.3M (-$3.85M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$2.08M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.22M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$941K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$826K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$523K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$6.63M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$848K |
| 3 |
LPL Financial
San Diego,
California
|
-$476K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$420K |
| 5 |
ZIC
ZWJ Investment Counsel
Atlanta,
Georgia
|
-$161K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $71K | – | – | – |
|
27
Creative Planning
Overland Park,
Kansas
| $55K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $50K | – | – | – |
|
29
Citigroup
New York
| $17K | +$207 | +26 | +1% |
|
30
US Bancorp
Minneapolis,
Minnesota
| $12K | +$8.76K | +1,100 | +275% |
|
|
GWM
31
Geneos Wealth Management
Englewood,
Colorado
| $7K | – | – | – |
|
|
QAM
32
QCI Asset Management
Pittsford,
New York
| $7K | +$7.17K | +900 | New |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
ZIC
34
ZWJ Investment Counsel
Atlanta,
Georgia
| – | -$161K | -20,000 | Closed |
|
MCN Hedge Fund Activity: Q2 2017 in Review
33 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2017, worth a combined $61.3M — down 5.9% from $65.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MCN positions and 2 closed out — a net gain of 2 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Icon Advisers, adding an estimated $2.08M. The largest seller was Advisors Asset Management, cutting an estimated $6.63M.
- 33 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2017, up from 31 in Q1 2017.
- Funds reported $61.3M of Madison Covered Call & Equity Strategy Fund stock for Q2 2017, down 5.9% quarter-over-quarter.
- 4 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2017 and 2 closed out, a net change of +2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2017 was Icon Advisers, an estimated $2.08M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2017 was Advisors Asset Management, an estimated $6.63M sold.
Based on aggregated 13F filings for Q2 2017.