Madison Covered Call & Equity Strategy Fund
MCN
40 hedge funds and large institutions have $55.1M invested in Madison Covered Call & Equity Strategy Fund in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
14% more funds holding
Funds holding: 35 → 40 (+5)
1.79% less ownership
Funds ownership: 38.86% → 37.06% (-1.8%)
6% less capital invested
Capital invested by funds: $58.8M → $55.1M (-$3.63M)
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.69M |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
+$699K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$477K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$313K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.32M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.25M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$583K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$546K |
| 5 |
LPL Financial
San Diego,
California
|
-$369K |
MCN Hedge Fund Activity: Q4 2017 in Review
40 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2017, worth a combined $55.1M — down 6.2% from $58.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MCN positions and 4 closed out — a net gain of 5 holders — while 9 added to existing stakes and 15 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.69M. The largest seller was Advisors Asset Management, cutting an estimated $3.32M.
- 40 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2017, up from 35 in Q3 2017.
- Funds reported $55.1M of Madison Covered Call & Equity Strategy Fund stock for Q4 2017, down 6.2% quarter-over-quarter.
- 9 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2017 and 4 closed out, a net change of +5 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2017 was Rivernorth Capital Management, an estimated $1.69M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2017 was Advisors Asset Management, an estimated $3.32M sold.
Based on aggregated 13F filings for Q4 2017.