Madison Covered Call & Equity Strategy Fund
MCN
37 hedge funds and large institutions have $25.4M invested in Madison Covered Call & Equity Strategy Fund in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 11 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
3% less funds holding
Funds holding: 38 → 37 (-1)
19.09% less ownership
Funds ownership: 33.84% → 14.74% (-19%)
49% less capital invested
Capital invested by funds: $50.1M → $25.4M (-$24.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.61M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.3M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$436K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$306K |
| 5 |
LPL Financial
San Diego,
California
|
+$294K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.28M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$5.32M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.25M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.14M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$908K |
MCN Hedge Fund Activity: Q4 2018 in Review
37 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2018, worth a combined $25.4M — down 49% from $50.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MCN and 10 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 12 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.61M. The largest seller was Karpus Investment Management, cutting an estimated $9.28M.
- 37 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2018, down from 38 in Q3 2018.
- Funds reported $25.4M of Madison Covered Call & Equity Strategy Fund stock for Q4 2018, down 49% quarter-over-quarter.
- 10 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2018 and 11 closed out, a net change of -1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2018 was Guggenheim Capital, an estimated $1.61M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2018 was Karpus Investment Management, an estimated $9.28M sold.
Based on aggregated 13F filings for Q4 2018.