Madison Covered Call & Equity Strategy Fund
MCN
48 hedge funds and large institutions have $26.5M invested in Madison Covered Call & Equity Strategy Fund in 2025 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 5 closing their positions.
1% more capital invested
Capital invested by funds: $26.3M → $26.5M (+$214K)
0.32% more ownership
Funds ownership: 19.94% → 20.26% (+0.32%)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
2% less funds holding
Funds holding: 49 → 48 (-1)
12% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$631K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$494K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$352K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$167K |
| 5 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
+$159K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Centurion Wealth Management
Mclean,
Virginia
|
-$273K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$234K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$198K |
| 4 |
LPL Financial
San Diego,
California
|
-$188K |
| 5 |
NAS
NWF Advisory Services
Los Angeles,
California
|
-$169K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citadel Advisors
Miami,
Florida
| – | -$98K | -15,684 | Closed |
|
52
Bank of America
Charlotte,
North Carolina
| – | -$48.1K | -7,692 | Closed |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| – | -$988 | -158 | Closed |
|
MCN Hedge Fund Activity: Q3 2025 in Review
48 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2025, worth a combined $26.5M — up 0.81% from $26.3M a quarter earlier.
Fund positioning in MCN was balanced in Q3 2025: 5 funds opened new positions, 5 closed out, 15 added to existing stakes and 17 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $631K. The largest seller was Centurion Wealth Management, cutting an estimated $273K.
- 48 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2025, down from 49 in Q2 2025.
- Funds reported $26.5M of Madison Covered Call & Equity Strategy Fund stock for Q3 2025, up 0.81% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2025 and 5 closed out, a net change of 0 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2025 was Wolverine Asset Management, an estimated $631K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2025 was Centurion Wealth Management, an estimated $273K sold.
Based on aggregated 13F filings for Q3 2025.