Madison Covered Call & Equity Strategy Fund
MCN
41 hedge funds and large institutions have $33.9M invested in Madison Covered Call & Equity Strategy Fund in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 7 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
5% more capital invested
Capital invested by funds: $32.3M → $33.9M (+$1.64M)
0.26% less ownership
Funds ownership: 21.71% → 21.45% (-0.26%)
7% less funds holding
Funds holding: 44 → 41 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.2M |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
+$172K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$107K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$86.9K |
| 5 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$85K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.15M |
| 2 |
Morgan Stanley
New York
|
-$578K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$345K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$243K |
| 5 |
LT
Legacy Trust
Grand Rapids,
Michigan
|
-$189K |
MCN Hedge Fund Activity: Q4 2023 in Review
41 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2023, worth a combined $33.9M — up 5.1% from $32.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MCN and 4 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 17 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.2M. The largest seller was Osaic Holdings, cutting an estimated $1.15M.
- 41 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2023, down from 44 in Q3 2023.
- Funds reported $33.9M of Madison Covered Call & Equity Strategy Fund stock for Q4 2023, up 5.1% quarter-over-quarter.
- 4 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2023 and 7 closed out, a net change of -3 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2023 was Raymond James Financial Services Advisors, an estimated $2.2M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2023 was Osaic Holdings, an estimated $1.15M sold.
Based on aggregated 13F filings for Q4 2023.