Madison Covered Call & Equity Strategy Fund
MCN
51 hedge funds and large institutions have $28.3M invested in Madison Covered Call & Equity Strategy Fund in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
7% more capital invested
Capital invested by funds: $26.5M → $28.3M (+$1.74M)
6% more funds holding
Funds holding: 48 → 51 (+3)
2.01% more ownership
Funds ownership: 20.26% → 22.26% (+2%)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$2.04M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$993K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$896K |
| 4 |
QL
Quarry LP
New York
|
+$593K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$531K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
-$569K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$545K |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$476K |
| 4 |
NAS
NWF Advisory Services
Los Angeles,
California
|
-$459K |
| 5 |
CWM
Centurion Wealth Management
Mclean,
Virginia
|
-$260K |
MCN Hedge Fund Activity: Q4 2025 in Review
51 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q4 2025, worth a combined $28.3M — up 6.5% from $26.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MCN positions and 6 closed out — a net gain of 3 holders — while 15 added to existing stakes and 16 trimmed.
The largest buyer was Absolute Investment Advisers, adding an estimated $2.04M. The largest seller was Calamos Advisors, exiting entirely with an estimated $569K sold.
- 51 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q4 2025, up from 48 in Q3 2025.
- Funds reported $28.3M of Madison Covered Call & Equity Strategy Fund stock for Q4 2025, up 6.5% quarter-over-quarter.
- 9 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q4 2025 and 6 closed out, a net change of +3 holders.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q4 2025 was Absolute Investment Advisers, an estimated $2.04M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q4 2025 was Calamos Advisors, an estimated $569K sold.
Based on aggregated 13F filings for Q4 2025.