Madison Covered Call & Equity Strategy Fund
MCN
38 hedge funds and large institutions have $50.1M invested in Madison Covered Call & Equity Strategy Fund in 2018 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 6 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
12% more funds holding
Funds holding: 34 → 38 (+4)
3% less capital invested
Capital invested by funds: $51.5M → $50.1M (-$1.4M)
1.81% less ownership
Funds ownership: 35.65% → 33.84% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$860K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$856K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$777K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$715K |
| 5 |
Morgan Stanley
New York
|
+$656K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$3.56M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.71M |
| 3 |
OC
Oarsman Capital
Milwaukee,
Wisconsin
|
-$420K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$405K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$308K |
MCN Hedge Fund Activity: Q3 2018 in Review
38 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2018, worth a combined $50.1M — down 2.7% from $51.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MCN positions and 6 closed out — a net gain of 4 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was Clough Capital Partners, adding an estimated $860K. The largest seller was Icon Advisers, cutting an estimated $3.56M.
- 38 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2018, up from 34 in Q2 2018.
- Funds reported $50.1M of Madison Covered Call & Equity Strategy Fund stock for Q3 2018, down 2.7% quarter-over-quarter.
- 10 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2018 and 6 closed out, a net change of +4 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2018 was Clough Capital Partners, an estimated $860K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2018 was Icon Advisers, an estimated $3.56M sold.
Based on aggregated 13F filings for Q3 2018.