Madison Covered Call & Equity Strategy Fund
MCN
42 hedge funds and large institutions have $23.3M invested in Madison Covered Call & Equity Strategy Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.
2.82% less ownership
Funds ownership: 21.45% → 18.63% (-2.8%)
5% less funds holding
Funds holding: 44 → 42 (-2)
8% less capital invested
Capital invested by funds: $25.3M → $23.3M (-$2.01M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$685K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$415K |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$235K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$204K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$129K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.7M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.21M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$479K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$383K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$208K |
MCN Hedge Fund Activity: Q3 2020 in Review
42 of the 4,971 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2020, worth a combined $23.3M — down 7.9% from $25.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MCN and 6 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 12 added.
The largest buyer was Raymond James & Associates, adding an estimated $685K. The largest seller was Clough Capital Partners, exiting entirely with an estimated $1.7M sold.
- 42 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2020, down from 44 in Q2 2020.
- Funds reported $23.3M of Madison Covered Call & Equity Strategy Fund stock for Q3 2020, down 7.9% quarter-over-quarter.
- 6 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2020 and 8 closed out, a net change of -2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2020 was Raymond James & Associates, an estimated $685K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2020 was Clough Capital Partners, an estimated $1.7M sold.
Based on aggregated 13F filings for Q3 2020.