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MCN

Madison Covered Call & Equity Strategy Fund

38 hedge funds and large institutions have $45.7M invested in Madison Covered Call & Equity Strategy Fund in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

167% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 6

23% more funds holding

Funds holding: 3138 (+7)

3.08% more ownership

Funds ownership: 30.36%33.44% (+3.1%)

2% less capital invested

Capital invested by funds: $46.7M → $45.7M (-$1.02M)

Holders
38
Holders Change
+7
Holders Change %
+22.58%
% of All Funds
1.06%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
16
Reduced
6
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$18.5M +$2.19M +286,261 +12%
PAIM
2
Punch & Associates Investment Management
Minnesota
$6.69M +$273K +35,701 +4%
Invesco
3
Invesco
Georgia
$5.14M -$207K -27,070 -4%
Morgan Stanley
4
Morgan Stanley
New York
$4.12M -$418K -54,585 -9%
Wells Fargo
5
Wells Fargo
California
$3.41M +$9.13K +1,193 +0.2%
UBS Group
6
UBS Group
Switzerland
$1.06M +$143K +18,640 +14%
KIM
7
Karpus Investment Management
New York
$801K +$866K +113,139 New
LPL Financial
8
LPL Financial
California
$786K +$13.8K +1,798 +2%
OC
9
Oarsman Capital
Wisconsin
$539K -$20.7K -2,700 -3%
AA
10
Ancora Advisors
Ohio
$498K +$417K +54,453 +342%
CRC
11
Curi RMB Capital
Illinois
$485K +$524K +68,504 New
PAG
12
Private Advisor Group
New Jersey
$480K
FIMG
13
Financial & Investment Management Group
Michigan
$398K -$13.6K -1,777 -3%
Bank of America
14
Bank of America
North Carolina
$360K +$21.1K +2,751 +6%
DA
15
Doliver Advisors
Texas
$327K +$241K +31,433 +213%
LCM
16
Landscape Capital Management
New Jersey
$315K +$185K +24,227 +120%
RJA
17
Raymond James & Associates
Florida
$229K +$248K +32,397 New
SFS
18
Shaker Financial Services
Virginia
$206K +$222K +29,035 New
GC
19
Guggenheim Capital
Illinois
$186K +$10.7K +1,392 +6%
FIM
20
Freedom Investment Management
Connecticut
$159K +$12.2K +1,588 +8%
M&T Bank
21
M&T Bank
New York
$157K
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$123K +$21.8K +2,846 +20%
OC
23
Oppenheimer & Co
New York
$97K +$10.7K +1,400 +11%
AIG
24
American International Group
New York
$87K
OIA
25
Optimum Investment Advisors
Illinois
$85K +$91.8K +11,989 New

MCN Hedge Fund Activity: Q3 2015 in Review

38 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2015, worth a combined $45.7M — down 2.2% from $46.7M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MCN positions and 3 closed out — a net gain of 7 holders — while 16 added to existing stakes and 6 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $2.19M. The largest seller was Morgan Stanley, cutting an estimated $418K.

  • 38 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2015, up from 31 in Q2 2015.
  • Funds reported $45.7M of Madison Covered Call & Equity Strategy Fund stock for Q3 2015, down 2.2% quarter-over-quarter.
  • 10 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2015 and 3 closed out, a net change of +7 holders.
  • The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2015 was Advisors Asset Management, an estimated $2.19M added.
  • The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2015 was Morgan Stanley, an estimated $418K sold.

Based on aggregated 13F filings for Q3 2015.