Madison Covered Call & Equity Strategy Fund
MCN
39 hedge funds and large institutions have $29.1M invested in Madison Covered Call & Equity Strategy Fund in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 6 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
2.48% less ownership
Funds ownership: 20.63% → 18.14% (-2.5%)
5% less funds holding
Funds holding: 41 → 39 (-2)
8% less capital invested
Capital invested by funds: $31.7M → $29.1M (-$2.66M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$352K |
| 2 |
TA
TKG Advisors
Valparaiso,
Indiana
|
+$130K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$124K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$99K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$68.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
-$1.41M |
| 2 |
Morgan Stanley
New York
|
-$782K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$291K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$138K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$127K |
MCN Hedge Fund Activity: Q2 2024 in Review
39 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2024, worth a combined $29.1M — down 8.4% from $31.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MCN and 5 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 14 added.
The largest buyer was Guggenheim Capital, adding an estimated $352K. The largest seller was Spire Wealth Management, exiting entirely with an estimated $1.41M sold.
- 39 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2024, down from 41 in Q1 2024.
- Funds reported $29.1M of Madison Covered Call & Equity Strategy Fund stock for Q2 2024, down 8.4% quarter-over-quarter.
- 5 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2024 and 6 closed out, a net change of -1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2024 was Guggenheim Capital, an estimated $352K added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2024 was Spire Wealth Management, an estimated $1.41M sold.
Based on aggregated 13F filings for Q2 2024.