Madison Covered Call & Equity Strategy Fund
MCN
42 hedge funds and large institutions have $24M invested in Madison Covered Call & Equity Strategy Fund in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
15% more capital invested
Capital invested by funds: $20.8M → $24M (+$3.22M)
14% more funds holding
Funds holding: 37 → 42 (+5)
1.78% more ownership
Funds ownership: 15.51% → 17.29% (+1.8%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.18M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$887K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$607K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$590K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$461K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
-$631K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$617K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$299K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$281K |
| 5 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
-$175K |
MCN Hedge Fund Activity: Q4 2019 in Review
42 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2019, worth a combined $24M — up 15% from $20.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MCN positions and 2 closed out — a net gain of 5 holders — while 15 added to existing stakes and 14 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.18M. The largest seller was Advisor Group, cutting an estimated $631K.
- 42 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2019, up from 37 in Q3 2019.
- Funds reported $24M of Madison Covered Call & Equity Strategy Fund stock for Q4 2019, up 15% quarter-over-quarter.
- 7 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2019 and 2 closed out, a net change of +5 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2019 was LPL Financial, an estimated $1.18M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2019 was Advisor Group, an estimated $631K sold.
Based on aggregated 13F filings for Q4 2019.