Madison Covered Call & Equity Strategy Fund
MCN
34 hedge funds and large institutions have $24.1M invested in Madison Covered Call & Equity Strategy Fund in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 7 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
2.21% less ownership
Funds ownership: 19.98% → 17.77% (-2.2%)
13% less funds holding
Funds holding: 39 → 34 (-5)
15% less capital invested
Capital invested by funds: $28.4M → $24.1M (-$4.32M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$362K |
| 2 |
EM
ELCO Management
New York
|
+$158K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$106K |
| 4 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
+$96.4K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$76.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
-$1.24M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.08M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$752K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$386K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$197K |
MCN Hedge Fund Activity: Q3 2022 in Review
34 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2022, worth a combined $24.1M — down 15% from $28.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MCN and 2 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 14 added.
The largest buyer was Invesco, adding an estimated $362K. The largest seller was Spire Wealth Management, cutting an estimated $1.24M.
- 34 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2022, down from 39 in Q2 2022.
- Funds reported $24.1M of Madison Covered Call & Equity Strategy Fund stock for Q3 2022, down 15% quarter-over-quarter.
- 2 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2022 and 7 closed out, a net change of -5 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2022 was Invesco, an estimated $362K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2022 was Spire Wealth Management, an estimated $1.24M sold.
Based on aggregated 13F filings for Q3 2022.