Madison Covered Call & Equity Strategy Fund
MCN
42 hedge funds and large institutions have $21.9M invested in Madison Covered Call & Equity Strategy Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
3.36% more ownership
Funds ownership: 17.29% → 20.65% (+3.4%)
0% more funds holding
Funds holding: 42 → 42 (0)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
9% less capital invested
Capital invested by funds: $24M → $21.9M (-$2.12M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.7M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.07M |
| 3 |
LPL Financial
San Diego,
California
|
+$655K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$646K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$573K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
-$549K |
| 2 |
Morgan Stanley
New York
|
-$464K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$294K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$242K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$144K |
MCN Hedge Fund Activity: Q1 2020 in Review
42 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2020, worth a combined $21.9M — down 8.8% from $24M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MCN positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 13 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $1.7M. The largest seller was Geode Capital Management, cutting an estimated $549K.
- 42 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $21.9M of Madison Covered Call & Equity Strategy Fund stock for Q1 2020, down 8.8% quarter-over-quarter.
- 7 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2020 and 5 closed out, a net change of +2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2020 was 1607 Capital Partners, an estimated $1.7M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2020 was Geode Capital Management, an estimated $549K sold.
Based on aggregated 13F filings for Q1 2020.