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MCN

Madison Covered Call & Equity Strategy Fund
MCN

38 hedge funds and large institutions have $50.1M invested in Madison Covered Call & Equity Strategy Fund in 2018 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 6

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

12% more funds holding

Funds holding: 34 → 38 (+4)

3% less capital invested

Capital invested by funds: $51.5M → $50.1M (-$1.4M)

1.81% less ownership

Funds ownership: 35.65% → 33.84% (-1.8%)

Holders
38
Holders Change
+4
Holders Change %
+11.76%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
15
Reduced
6
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
+$860K
2
Invesco
Invesco
Georgia
+$856K
3
AAM
Advisors Asset Management
Colorado
+$777K
4
GC
Guggenheim Capital
Illinois
+$715K
5
Morgan Stanley
Morgan Stanley
New York
+$656K

Top Sellers

Rank Fund Capital Flow
1
IA
Icon Advisers
Colorado
-$3.56M
2
SFS
Shaker Financial Services
Virginia
-$2.71M
3
OC
Oarsman Capital
Wisconsin
-$420K
4
CRC
Curi RMB Capital
Illinois
-$405K
5
Bank of America
Bank of America
North Carolina
-$308K
Name Holding Trade Value Shares
Change 		Change in
Stake
QCIG
26
Quad-Cities Investment Group
Iowa
$69K +$69.6K +9,000 New
CWA
27
Clarus Wealth Advisors
Arizona
$59K +$58.9K +7,616 New
SWM
28
SeaCrest Wealth Management
New York
$50K – – –
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$50K +$6.96K +900 +16%
WSTAM
30
Wilbanks Smith & Thomas Asset Management
Virginia
$21K +$21.3K +2,749 New
APA
31
American Portfolios Advisors
New York
$20.2K – – –
GWM
32
Geneos Wealth Management
Colorado
$7K +$7.73K +1,000 New
SWP
33
Stratos Wealth Partners
Ohio
$5K +$4.64K +600 New
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$4K +$3.69K +477 New
US Bancorp
35
US Bancorp
Minnesota
$3K – – –
AA
36
Ancora Advisors
Ohio
$3K +$2.82K +365 New
IA
37
IFP Advisors
Florida
$2K – – –
OC
38
Oarsman Capital
Wisconsin
– -$420K -56,395 Closed
CRC
39
Curi RMB Capital
Illinois
– -$405K -54,376 Closed
FAIM
40
Financial Advocates Investment Management
Washington
– -$206K -27,249 Closed
SMFS
41
Squar Milner Financial Services
California
– -$42K -5,600 Closed
BBPWM
42
Blue Bell Private Wealth Management
Pennsylvania
– -$24K -3,287 Closed
1
2

MCN Hedge Fund Activity: Q3 2018 in Review

38 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2018, worth a combined $50.1M — down 2.7% from $51.5M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MCN positions and 6 closed out — a net gain of 4 holders — while 15 added to existing stakes and 6 trimmed.

The largest buyer was Clough Capital Partners, adding an estimated $860K. The largest seller was Icon Advisers, cutting an estimated $3.56M.

  • 38 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2018, up from 34 in Q2 2018.
  • Funds reported $50.1M of Madison Covered Call & Equity Strategy Fund stock for Q3 2018, down 2.7% quarter-over-quarter.
  • 10 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2018 and 6 closed out, a net change of +4 holders.
  • The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2018 was Clough Capital Partners, an estimated $860K added.
  • The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2018 was Icon Advisers, an estimated $3.56M sold.

Based on aggregated 13F filings for Q3 2018.