Madison Covered Call & Equity Strategy Fund
MCN
37 hedge funds and large institutions have $43.7M invested in Madison Covered Call & Equity Strategy Fund in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
28% more funds holding
Funds holding: 29 → 37 (+8)
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
9% more capital invested
Capital invested by funds: $40M → $43.7M (+$3.61M)
3.09% more ownership
Funds ownership: 24.74% → 27.84% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.61M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.25M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$778K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$643K |
| 5 |
Morgan Stanley
New York
|
+$585K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$333K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$258K |
| 3 |
OC
Oarsman Capital
Milwaukee,
Wisconsin
|
-$208K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$152K |
| 5 |
BMO
Beck Mack & Oliver
New York
|
-$91K |
MCN Hedge Fund Activity: Q4 2014 in Review
37 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2014, worth a combined $43.7M — up 9% from $40M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MCN positions and 3 closed out — a net gain of 9 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.61M. The largest seller was AQR Capital Management, cutting an estimated $333K.
- 37 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2014, up from 29 in Q3 2014.
- Funds reported $43.7M of Madison Covered Call & Equity Strategy Fund stock for Q4 2014, up 9% quarter-over-quarter.
- 12 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2014 and 3 closed out, a net change of +9 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2014 was Advisors Asset Management, an estimated $1.61M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2014 was AQR Capital Management, an estimated $333K sold.
Based on aggregated 13F filings for Q4 2014.