Madison Covered Call & Equity Strategy Fund
MCN
26 hedge funds and large institutions have $33.9M invested in Madison Covered Call & Equity Strategy Fund in 2013 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 2 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
14% more capital invested
Capital invested by funds: $29.8M → $33.9M (+$4.07M)
2.01% more ownership
Funds ownership: 19.5% → 21.51% (+2%)
7% less funds holding
Funds holding: 28 → 26 (-2)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4.15M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$387K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$376K |
| 4 |
Morgan Stanley
New York
|
+$257K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$139K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.71M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$278K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$232K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$111K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$25K |
MCN Hedge Fund Activity: Q4 2013 in Review
26 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2013, worth a combined $33.9M — up 14% from $29.8M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of MCN and 0 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 12 added.
The largest buyer was Advisors Asset Management, adding an estimated $4.15M. The largest seller was Financial & Investment Management Group, cutting an estimated $1.71M.
- 26 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2013, down from 28 in Q3 2013.
- Funds reported $33.9M of Madison Covered Call & Equity Strategy Fund stock for Q4 2013, up 14% quarter-over-quarter.
- 0 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2013 and 2 closed out, a net change of -2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2013 was Advisors Asset Management, an estimated $4.15M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2013 was Financial & Investment Management Group, an estimated $1.71M sold.
Based on aggregated 13F filings for Q4 2013.