Madison Covered Call & Equity Strategy Fund
MCN
39 hedge funds and large institutions have $33.2M invested in Madison Covered Call & Equity Strategy Fund in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 6 closing their positions.
1.75% more ownership
Funds ownership: 19.21% → 20.95% (+1.7%)
3% less funds holding
Funds holding: 40 → 39 (-1)
10% less capital invested
Capital invested by funds: $36.8M → $33.2M (-$3.56M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.32M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.12M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$752K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$217K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$88.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.56M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$839K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$569K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$529K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$396K |
MCN Hedge Fund Activity: Q1 2021 in Review
39 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2021, worth a combined $33.2M — down 9.7% from $36.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MCN and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $2.32M. The largest seller was Raymond James & Associates, cutting an estimated $1.56M.
- 39 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2021, down from 40 in Q4 2020.
- Funds reported $33.2M of Madison Covered Call & Equity Strategy Fund stock for Q1 2021, down 9.7% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2021 and 6 closed out, a net change of -1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2021 was Morgan Stanley, an estimated $2.32M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2021 was Raymond James & Associates, an estimated $1.56M sold.
Based on aggregated 13F filings for Q1 2021.