Madison Covered Call & Equity Strategy Fund
MCN
37 hedge funds and large institutions have $20.8M invested in Madison Covered Call & Equity Strategy Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3.21% more ownership
Funds ownership: 12.3% → 15.51% (+3.2%)
3% more funds holding
Funds holding: 36 → 37 (+1)
8% less capital invested
Capital invested by funds: $22.7M → $20.8M (-$1.91M)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$788K |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$223K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$213K |
| 4 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$176K |
| 5 |
FLPIM
F.L. Putnam Investment Management
Lynnfield,
Massachusetts
|
+$159K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.87M |
| 2 |
Morgan Stanley
New York
|
-$375K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$216K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$151K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$137K |
MCN Hedge Fund Activity: Q3 2019 in Review
37 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2019, worth a combined $20.8M — down 8.4% from $22.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MCN positions and 3 closed out — a net gain of 1 holder — while 12 added to existing stakes and 15 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $788K. The largest seller was Advisor Group, cutting an estimated $1.87M.
- 37 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2019, up from 36 in Q2 2019.
- Funds reported $20.8M of Madison Covered Call & Equity Strategy Fund stock for Q3 2019, down 8.4% quarter-over-quarter.
- 4 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2019 and 3 closed out, a net change of +1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2019 was Shaker Financial Services, an estimated $788K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2019 was Advisor Group, an estimated $1.87M sold.
Based on aggregated 13F filings for Q3 2019.