Madison Covered Call & Equity Strategy Fund
MCN
37 hedge funds and large institutions have $56.5M invested in Madison Covered Call & Equity Strategy Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 7 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
6% more capital invested
Capital invested by funds: $53.3M → $56.5M (+$3.12M)
1.72% more ownership
Funds ownership: 37.51% → 39.24% (+1.7%)
5% less funds holding
Funds holding: 39 → 37 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.39M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$857K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$747K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$513K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.12M |
| 2 |
Morgan Stanley
New York
|
-$773K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$400K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$153K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$100K |
MCN Hedge Fund Activity: Q1 2016 in Review
37 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2016, worth a combined $56.5M — up 5.8% from $53.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MCN and 5 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.39M. The largest seller was Wells Fargo, cutting an estimated $1.12M.
- 37 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2016, down from 39 in Q4 2015.
- Funds reported $56.5M of Madison Covered Call & Equity Strategy Fund stock for Q1 2016, up 5.8% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2016 and 7 closed out, a net change of -2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2016 was Karpus Investment Management, an estimated $2.39M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2016 was Wells Fargo, an estimated $1.12M sold.
Based on aggregated 13F filings for Q1 2016.