Madison Covered Call & Equity Strategy Fund
MCN
32 hedge funds and large institutions have $45.8M invested in Madison Covered Call & Equity Strategy Fund in 2015 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 8 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
5% more capital invested
Capital invested by funds: $43.7M → $45.8M (+$2.11M)
0.8% more ownership
Funds ownership: 27.84% → 28.64% (+0.8%)
14% less funds holding
Funds holding: 37 → 32 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.26M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$414K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$345K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$147K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.52M |
| 2 |
Morgan Stanley
New York
|
-$802K |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$305K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$154K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$142K |
MCN Hedge Fund Activity: Q1 2015 in Review
32 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2015, worth a combined $45.8M — up 4.8% from $43.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MCN and 4 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 14 added.
The largest buyer was Advisors Asset Management, adding an estimated $3.26M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $1.52M sold.
- 32 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2015, down from 37 in Q4 2014.
- Funds reported $45.8M of Madison Covered Call & Equity Strategy Fund stock for Q1 2015, up 4.8% quarter-over-quarter.
- 4 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2015 and 8 closed out, a net change of -4 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2015 was Advisors Asset Management, an estimated $3.26M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2015 was Shaker Financial Services, an estimated $1.52M sold.
Based on aggregated 13F filings for Q1 2015.