Madison Covered Call & Equity Strategy Fund
MCN
36 hedge funds and large institutions have $22.7M invested in Madison Covered Call & Equity Strategy Fund in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
6% more funds holding
Funds holding: 34 → 36 (+2)
0.91% less ownership
Funds ownership: 13.21% → 12.3% (-0.91%)
10% less capital invested
Capital invested by funds: $25.2M → $22.7M (-$2.48M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$591K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$419K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$197K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$165K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$164K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.09M |
| 2 |
Morgan Stanley
New York
|
-$1.07M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$294K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$113K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$107K |
MCN Hedge Fund Activity: Q2 2019 in Review
36 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2019, worth a combined $22.7M — down 9.8% from $25.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MCN positions and 5 closed out — a net gain of 3 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $591K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $2.09M sold.
- 36 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2019, up from 34 in Q1 2019.
- Funds reported $22.7M of Madison Covered Call & Equity Strategy Fund stock for Q2 2019, down 9.8% quarter-over-quarter.
- 8 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2019 and 5 closed out, a net change of +3 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2019 was Guggenheim Capital, an estimated $591K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2019 was Karpus Investment Management, an estimated $2.09M sold.
Based on aggregated 13F filings for Q2 2019.