Madison Covered Call & Equity Strategy Fund
MCN
40 hedge funds and large institutions have $27.2M invested in Madison Covered Call & Equity Strategy Fund in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 9 closing their positions.
16% more capital invested
Capital invested by funds: $23.3M → $27.2M (+$3.83M)
0.58% more ownership
Funds ownership: 18.62% → 19.2% (+0.58%)
5% less funds holding
Funds holding: 42 → 40 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
36% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.25M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$765K |
| 3 |
Millennium Management
New York
|
+$280K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$240K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.71M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$481K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$217K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$216K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$201K |
MCN Hedge Fund Activity: Q4 2020 in Review
40 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2020, worth a combined $27.2M — up 16% from $23.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of MCN and 7 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 9 added.
The largest buyer was Morgan Stanley, adding an estimated $3.25M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $1.71M sold.
- 40 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2020, down from 42 in Q3 2020.
- Funds reported $27.2M of Madison Covered Call & Equity Strategy Fund stock for Q4 2020, up 16% quarter-over-quarter.
- 7 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2020 and 9 closed out, a net change of -2 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2020 was Morgan Stanley, an estimated $3.25M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2020 was 1607 Capital Partners, an estimated $1.71M sold.
Based on aggregated 13F filings for Q4 2020.