Madison Covered Call & Equity Strategy Fund
MCN
43 hedge funds and large institutions have $29.7M invested in Madison Covered Call & Equity Strategy Fund in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
13% more funds holding
Funds holding: 38 → 43 (+5)
0.4% more ownership
Funds ownership: 18.73% → 19.13% (+0.4%)
4% less capital invested
Capital invested by funds: $31M → $29.7M (-$1.33M)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Centurion Wealth Management
Mclean,
Virginia
|
+$1.5M |
| 2 |
WEG
World Equity Group
Schaumburg,
Illinois
|
+$641K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$519K |
| 4 |
LPL Financial
San Diego,
California
|
+$313K |
| 5 |
LT
Legacy Trust
Grand Rapids,
Michigan
|
+$209K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.93M |
| 2 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$308K |
| 3 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
-$293K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$287K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$159K |
MCN Hedge Fund Activity: Q2 2023 in Review
43 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2023, worth a combined $29.7M — down 4.3% from $31M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MCN positions and 6 closed out — a net gain of 5 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Centurion Wealth Management, opening a new position worth an estimated $1.5M. The largest seller was Morgan Stanley, cutting an estimated $1.93M.
- 43 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2023, up from 38 in Q1 2023.
- Funds reported $29.7M of Madison Covered Call & Equity Strategy Fund stock for Q2 2023, down 4.3% quarter-over-quarter.
- 11 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2023 and 6 closed out, a net change of +5 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2023 was Centurion Wealth Management, an estimated $1.5M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2023 was Morgan Stanley, an estimated $1.93M sold.
Based on aggregated 13F filings for Q2 2023.