Madison Covered Call & Equity Strategy Fund
MCN
35 hedge funds and large institutions have $49.6M invested in Madison Covered Call & Equity Strategy Fund in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 8 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
1.66% less ownership
Funds ownership: 37.06% → 35.4% (-1.7%)
10% less capital invested
Capital invested by funds: $55.1M → $49.6M (-$5.5M)
13% less funds holding
Funds holding: 40 → 35 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$262K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$247K |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$207K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$167K |
| 5 |
Morgan Stanley
New York
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.06M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$490K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$414K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$381K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$358K |
MCN Hedge Fund Activity: Q1 2018 in Review
35 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2018, worth a combined $49.6M — down 10% from $55.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MCN and 3 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Wolverine Asset Management, adding an estimated $262K. The largest seller was Advisors Asset Management, cutting an estimated $1.06M.
- 35 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2018, down from 40 in Q4 2017.
- Funds reported $49.6M of Madison Covered Call & Equity Strategy Fund stock for Q1 2018, down 10% quarter-over-quarter.
- 3 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2018 and 8 closed out, a net change of -5 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2018 was Wolverine Asset Management, an estimated $262K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2018 was Advisors Asset Management, an estimated $1.06M sold.
Based on aggregated 13F filings for Q1 2018.