Madison Covered Call & Equity Strategy Fund
MCN
34 hedge funds and large institutions have $51.5M invested in Madison Covered Call & Equity Strategy Fund in 2018 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 5 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
4% more capital invested
Capital invested by funds: $49.6M → $51.5M (+$1.91M)
0.25% more ownership
Funds ownership: 35.4% → 35.65% (+0.25%)
3% less funds holding
Funds holding: 35 → 34 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$865K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$699K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$651K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$404K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$360K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.28M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$358K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$218K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$122K |
| 5 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$116K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
26
SeaCrest Wealth Management
Purchase,
New York
| $48K | – | – | – |
|
|
SMFS
27
Squar Milner Financial Services
Irvine,
California
| $42K | +$41.5K | +5,600 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $41K | – | – | – |
|
|
BBPWM
29
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $24K | +$24.4K | +3,287 | New |
|
|
APA
30
American Portfolios Advisors
Holbrook,
New York
| $19.6K | – | – | – |
|
31
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
DA
33
Doliver Advisors
Houston,
Texas
| – | -$218K | -30,085 | Closed |
|
|
FIM
34
Freedom Investment Management
Hartford,
Connecticut
| – | -$116K | -15,988 | Closed |
|
|
BWM
35
Baystate Wealth Management
Boston,
Massachusetts
| – | -$7K | -911 | Closed |
|
36
JP Morgan Chase
New York
| – | -$2K | -291 | Closed |
|
|
PCG
37
Private Capital Group
West Hartford,
Connecticut
| – | -$1K | -120 | Closed |
|
38
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$156 | +21 | New |
|
MCN Hedge Fund Activity: Q2 2018 in Review
34 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2018, worth a combined $51.5M — up 3.8% from $49.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MCN and 4 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 13 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $865K. The largest seller was Advisors Asset Management, cutting an estimated $2.28M.
- 34 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2018, down from 35 in Q1 2018.
- Funds reported $51.5M of Madison Covered Call & Equity Strategy Fund stock for Q2 2018, up 3.8% quarter-over-quarter.
- 4 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2018 and 5 closed out, a net change of -1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2018 was Rivernorth Capital Management, an estimated $865K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2018 was Advisors Asset Management, an estimated $2.28M sold.
Based on aggregated 13F filings for Q2 2018.