Madison Covered Call & Equity Strategy Fund
MCN
36 hedge funds and large institutions have $60.6M invested in Madison Covered Call & Equity Strategy Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 7 closing their positions.
7% more capital invested
Capital invested by funds: $56.5M → $60.6M (+$4.15M)
1.83% more ownership
Funds ownership: 39.24% → 41.07% (+1.8%)
3% less funds holding
Funds holding: 37 → 36 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.1M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$767K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$473K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$310K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$291K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$879K |
| 2 |
AIG
American International Group
New York
|
-$650K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$544K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$234K |
| 5 |
Morgan Stanley
New York
|
-$194K |
MCN Hedge Fund Activity: Q2 2016 in Review
36 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2016, worth a combined $60.6M — up 7.3% from $56.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MCN and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 11 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.1M. The largest seller was LPL Financial, cutting an estimated $879K.
- 36 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2016, down from 37 in Q1 2016.
- Funds reported $60.6M of Madison Covered Call & Equity Strategy Fund stock for Q2 2016, up 7.3% quarter-over-quarter.
- 6 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2016 and 7 closed out, a net change of -1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2016 was Karpus Investment Management, an estimated $2.1M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2016 was LPL Financial, an estimated $879K sold.
Based on aggregated 13F filings for Q2 2016.