Madison Covered Call & Equity Strategy Fund
MCN
38 hedge funds and large institutions have $31M invested in Madison Covered Call & Equity Strategy Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 7 closing their positions.
10% more capital invested
Capital invested by funds: $28.2M → $31M (+$2.8M)
1.1% more ownership
Funds ownership: 17.64% → 18.73% (+1.1%)
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
5% less funds holding
Funds holding: 40 → 38 (-2)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
+$1.28M |
| 2 |
Morgan Stanley
New York
|
+$762K |
| 3 |
IWN
Independent Wealth Network
Urbandale,
Iowa
|
+$360K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$329K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Centurion Wealth Management
Mclean,
Virginia
|
-$1.52M |
| 2 |
WEG
World Equity Group
Schaumburg,
Illinois
|
-$615K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$355K |
| 4 |
LPL Financial
San Diego,
California
|
-$184K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$112K |
MCN Hedge Fund Activity: Q1 2023 in Review
38 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2023, worth a combined $31M — up 9.9% from $28.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MCN and 6 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 11 added.
The largest buyer was Spire Wealth Management, adding an estimated $1.28M. The largest seller was Centurion Wealth Management, exiting entirely with an estimated $1.52M sold.
- 38 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2023, down from 40 in Q4 2022.
- Funds reported $31M of Madison Covered Call & Equity Strategy Fund stock for Q1 2023, up 9.9% quarter-over-quarter.
- 6 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2023 and 7 closed out, a net change of -1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2023 was Spire Wealth Management, an estimated $1.28M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2023 was Centurion Wealth Management, an estimated $1.52M sold.
Based on aggregated 13F filings for Q1 2023.