Madison Covered Call & Equity Strategy Fund
MCN
34 hedge funds and large institutions have $25.2M invested in Madison Covered Call & Equity Strategy Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 7 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
1% less capital invested
Capital invested by funds: $25.4M → $25.2M (-$180K)
1.53% less ownership
Funds ownership: 14.74% → 13.21% (-1.5%)
8% less funds holding
Funds holding: 37 → 34 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.04M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$642K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$503K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$335K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.39M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.41M |
| 3 |
Morgan Stanley
New York
|
-$343K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$250K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$233K |
MCN Hedge Fund Activity: Q1 2019 in Review
34 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2019, worth a combined $25.2M — down 0.71% from $25.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MCN and 4 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 14 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.04M. The largest seller was Karpus Investment Management, cutting an estimated $3.39M.
- 34 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2019, down from 37 in Q4 2018.
- Funds reported $25.2M of Madison Covered Call & Equity Strategy Fund stock for Q1 2019, down 0.71% quarter-over-quarter.
- 4 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2019 and 7 closed out, a net change of -3 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2019 was Advisors Asset Management, an estimated $1.04M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2019 was Karpus Investment Management, an estimated $3.39M sold.
Based on aggregated 13F filings for Q1 2019.