Madison Covered Call & Equity Strategy Fund
MCN
46 hedge funds and large institutions have $27.9M invested in Madison Covered Call & Equity Strategy Fund in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
0.39% more ownership
Funds ownership: 22.26% → 22.65% (+0.39%)
1% less capital invested
Capital invested by funds: $28.3M → $27.9M (-$338K)
10% less funds holding
Funds holding: 51 → 46 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.47M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$633K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$328K |
| 4 |
QL
Quarry LP
New York
|
+$323K |
| 5 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$863K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$663K |
| 3 |
IWN
Independent Wealth Network
Urbandale,
Iowa
|
-$378K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$296K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$255K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NAS
51
NWF Advisory Services
Los Angeles,
California
| – | -$103K | -17,100 | Closed |
|
52
Jane Street
New York
| – | -$67.4K | -11,240 | Closed |
|
|
NA
53
NewEdge Advisors
New Orleans,
Louisiana
| – | -$40K | -6,666 | Closed |
|
|
KAS
54
Kestra Advisory Services
Austin,
Texas
| – | -$36.6K | -6,103 | Closed |
|
|
BBPWM
55
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$3K | -500 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | -$750 | -125 | Closed |
|
MCN Hedge Fund Activity: Q1 2026 in Review
46 of the 8,130 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2026, worth a combined $27.9M — down 1.2% from $28.3M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MCN and 6 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.47M. The largest seller was Osaic Holdings, cutting an estimated $863K.
- 46 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2026, down from 51 in Q4 2025.
- Funds reported $27.9M of Madison Covered Call & Equity Strategy Fund stock for Q1 2026, down 1.2% quarter-over-quarter.
- 6 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2026 and 10 closed out, a net change of -4 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2026 was Guggenheim Capital, an estimated $1.47M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2026 was Osaic Holdings, an estimated $863K sold.
Based on aggregated 13F filings for Q1 2026.