Madison Covered Call & Equity Strategy Fund
MCN
35 hedge funds and large institutions have $58.8M invested in Madison Covered Call & Equity Strategy Fund in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
6% more funds holding
Funds holding: 33 → 35 (+2)
4% less capital invested
Capital invested by funds: $61.3M → $58.8M (-$2.52M)
1.76% less ownership
Funds ownership: 40.62% → 38.86% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.33M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$943K |
| 3 |
Morgan Stanley
New York
|
+$412K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$239K |
| 5 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.99M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.95M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$540K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$183K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$169K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KA
26
Kovack Advisors
Ft. Lauderdale,
Florida
| $126K | +$125K | +16,035 | New |
|
|
RJA
27
Raymond James & Associates
St Petersburg,
Florida
| $94K | -$3.13K | -400 | -3% |
|
|
VF
28
Virtu Financial
New York
| $79K | +$79K | +10,093 | New |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $71K | – | – | – |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $50K | – | – | – |
|
31
Citigroup
New York
| $18K | +$203 | +26 | +1% |
|
32
US Bancorp
Minneapolis,
Minnesota
| $12K | – | – | – |
|
|
GWM
33
Geneos Wealth Management
Englewood,
Colorado
| $7K | – | – | – |
|
34
JP Morgan Chase
New York
| $5K | +$5.14K | +657 | New |
|
|
IA
35
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
RC
36
RegentAtlantic Capital
Morristown,
New Jersey
| – | -$104K | -13,295 | Closed |
|
37
Creative Planning
Overland Park,
Kansas
| – | -$55K | -6,970 | Closed |
|
|
QAM
38
QCI Asset Management
Pittsford,
New York
| – | -$7K | -900 | Closed |
|
MCN Hedge Fund Activity: Q3 2017 in Review
35 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2017, worth a combined $58.8M — down 4.1% from $61.3M 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 10 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $2.33M. The largest seller was Advisors Asset Management, cutting an estimated $2.99M.
- 35 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2017, up from 33 in Q2 2017.
- Funds reported $58.8M of Madison Covered Call & Equity Strategy Fund stock for Q3 2017, down 4.1% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2017 and 3 closed out, a net change of +2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2017 was Shaker Financial Services, an estimated $2.33M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2017 was Advisors Asset Management, an estimated $2.99M sold.
Based on aggregated 13F filings for Q3 2017.