Madison Covered Call & Equity Strategy Fund
MCN
44 hedge funds and large institutions have $32.3M invested in Madison Covered Call & Equity Strategy Fund in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 5 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 9
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
9% more capital invested
Capital invested by funds: $29.7M → $32.3M (+$2.58M)
2.58% more ownership
Funds ownership: 19.13% → 21.71% (+2.6%)
2% more funds holding
Funds holding: 43 → 44 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.04M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$401K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$358K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$355K |
| 5 |
LPL Financial
San Diego,
California
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$446K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$303K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$128K |
| 4 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
-$99K |
| 5 |
Belvedere Trading
Chicago,
Illinois
|
-$76.4K |
MCN Hedge Fund Activity: Q3 2023 in Review
44 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q3 2023, worth a combined $32.3M — up 8.7% from $29.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MCN positions and 5 closed out — a net gain of 1 holder — while 21 added to existing stakes and 9 trimmed.
The largest buyer was Osaic Holdings, adding an estimated $2.04M. The largest seller was Morgan Stanley, cutting an estimated $446K.
- 44 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q3 2023, up from 43 in Q2 2023.
- Funds reported $32.3M of Madison Covered Call & Equity Strategy Fund stock for Q3 2023, up 8.7% quarter-over-quarter.
- 6 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q3 2023 and 5 closed out, a net change of +1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q3 2023 was Osaic Holdings, an estimated $2.04M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q3 2023 was Morgan Stanley, an estimated $446K sold.
Based on aggregated 13F filings for Q3 2023.