Madison Covered Call & Equity Strategy Fund
MCN
44 hedge funds and large institutions have $25.3M invested in Madison Covered Call & Equity Strategy Fund in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 7 reducing their positions, and 6 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 7
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
16% more capital invested
Capital invested by funds: $21.9M → $25.3M (+$3.45M)
5% more funds holding
Funds holding: 42 → 44 (+2)
0.8% more ownership
Funds ownership: 20.65% → 21.45% (+0.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$537K |
| 2 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$523K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$469K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$387K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$364K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.22M |
| 2 |
LPL Financial
San Diego,
California
|
-$834K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$356K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$169K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$131K |
MCN Hedge Fund Activity: Q2 2020 in Review
44 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2020, worth a combined $25.3M — up 16% from $21.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MCN positions and 6 closed out — a net gain of 2 holders — while 21 added to existing stakes and 7 trimmed.
The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $537K. The largest seller was Guggenheim Capital, cutting an estimated $1.22M.
- 44 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2020, up from 42 in Q1 2020.
- Funds reported $25.3M of Madison Covered Call & Equity Strategy Fund stock for Q2 2020, up 16% quarter-over-quarter.
- 8 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2020 and 6 closed out, a net change of +2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2020 was Thrivent Financial for Lutherans, an estimated $537K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2020 was Guggenheim Capital, an estimated $1.22M sold.
Based on aggregated 13F filings for Q2 2020.