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MCN

Madison Covered Call & Equity Strategy Fund

31 hedge funds and large institutions have $61.6M invested in Madison Covered Call & Equity Strategy Fund in 2016 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

2% more capital invested

Capital invested by funds: $60.6M → $61.6M (+$1.04M)

0.06% more ownership

Funds ownership: 41.07%41.13% (+0.06%)

14% less funds holding

Funds holding: 3631 (-5)

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

Holders
31
Holders Change
-5
Holders Change %
-13.89%
% of All Funds
0.83%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
1
Increased
14
Reduced
9
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$22.6M -$1.16M -149,128 -5%
PAIM
2
Punch & Associates Investment Management
Minnesota
$10.9M +$1.17M +150,088 +12%
KIM
3
Karpus Investment Management
New York
$8.53M +$1.39M +178,074 +19%
Invesco
4
Invesco
Georgia
$5.07M -$168K -21,626 -3%
Morgan Stanley
5
Morgan Stanley
New York
$3.63M +$10.5K +1,347 +0.3%
Wells Fargo
6
Wells Fargo
California
$1.89M -$183K -23,528 -9%
UBS Group
7
UBS Group
Switzerland
$1.64M +$77.2K +9,916 +5%
AG
8
Advisor Group
Arizona
$1.55M -$33.6K -4,316 -2%
PNC Financial Services Group
9
PNC Financial Services Group
Pennsylvania
$991K +$232K +29,846 +31%
LPL Financial
10
LPL Financial
California
$896K +$27.3K +3,508 +3%
PAG
11
Private Advisor Group
New Jersey
$758K +$104K +13,410 +16%
OC
12
Oarsman Capital
Wisconsin
$555K -$935 -120 -0.2%
RCM
13
Rivernorth Capital Management
Florida
$489K
Bank of America
14
Bank of America
North Carolina
$429K +$60.8K +7,809 +16%
Stifel Financial
15
Stifel Financial
Missouri
$246K -$74.7K -9,594 -23%
GC
16
Guggenheim Capital
Illinois
$235K
FIM
17
Freedom Investment Management
Connecticut
$212K +$4.36K +560 +2%
Cambridge Investment Research Advisors
18
Cambridge Investment Research Advisors
Iowa
$177K -$28.6K -3,677 -14%
M&T Bank
19
M&T Bank
New York
$174K +$584 +75 +0.3%
RJA
20
Raymond James & Associates
Florida
$161K -$51K -6,550 -24%
RC
21
RegentAtlantic Capital
New Jersey
$103K +$22.6K +2,900 +28%
OIA
22
Optimum Investment Advisors
Illinois
$100K +$1.6K +205 +2%
MFS
23
MSI Financial Services
Massachusetts
$79K
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$66K +$2.49K +320 +4%
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$65K

MCN Hedge Fund Activity: Q3 2016 in Review

31 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2016, worth a combined $61.6M — up 1.7% from $60.6M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of MCN and 1 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 14 added.

The largest buyer was Karpus Investment Management, adding an estimated $1.39M. The largest seller was Advisors Asset Management, cutting an estimated $1.16M.

  • 31 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2016, down from 36 in Q2 2016.
  • Funds reported $61.6M of Madison Covered Call & Equity Strategy Fund stock for Q3 2016, up 1.7% quarter-over-quarter.
  • 1 fund opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2016 and 6 closed out, a net change of -5 holders.
  • The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2016 was Karpus Investment Management, an estimated $1.39M added.
  • The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2016 was Advisors Asset Management, an estimated $1.16M sold.

Based on aggregated 13F filings for Q3 2016.