Madison Covered Call & Equity Strategy Fund
MCN
41 hedge funds and large institutions have $31.7M invested in Madison Covered Call & Equity Strategy Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0% more funds holding
Funds holding: 41 → 41 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
3.97% less ownership
Funds ownership: 24.6% → 20.63% (-4%)
18% less capital invested
Capital invested by funds: $38.9M → $31.7M (-$7.19M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$325K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$219K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$113K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$111K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.59M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$441K |
| 3 |
LPL Financial
San Diego,
California
|
-$431K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$296K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$190K |
MCN Hedge Fund Activity: Q1 2024 in Review
41 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q1 2024, worth a combined $31.7M — down 18% from $38.9M a quarter earlier.
Fund positioning in MCN was balanced in Q1 2024: 5 funds opened new positions, 5 closed out, 16 added to existing stakes and 12 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $325K. The largest seller was Morgan Stanley, cutting an estimated $5.59M.
- 41 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $31.7M of Madison Covered Call & Equity Strategy Fund stock for Q1 2024, down 18% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q1 2024 and 5 closed out, a net change of 0 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q1 2024 was Guggenheim Capital, an estimated $325K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q1 2024 was Morgan Stanley, an estimated $5.59M sold.
Based on aggregated 13F filings for Q1 2024.