Madison Covered Call & Equity Strategy Fund
MCN
47 hedge funds and large institutions have $28.2M invested in Madison Covered Call & Equity Strategy Fund in 2026 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 7 reducing their positions, and 5 closing their positions.
271% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 7
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 46 → 47 (+1)
1.69% more ownership
Funds ownership: 22.65% → 24.34% (+1.7%)
1% more capital invested
Capital invested by funds: $27.9M → $28.2M (+$299K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$1.77M |
| 2 |
QL
Quarry LP
New York
|
+$790K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$364K |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$231K |
| 5 |
HF
HRT Financial
New York
|
+$228K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.07M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$861K |
| 3 |
AC
AlphaCore Capital
La Jolla,
California
|
-$119K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$91K |
| 5 |
VF
Virtu Financial
New York
|
-$68K |
MCN Hedge Fund Activity: Q2 2026 in Review
47 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Madison Covered Call & Equity Strategy Fund (MCN) for Q2 2026, worth a combined $28.2M — up 1.1% from $27.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MCN positions and 5 closed out — a net gain of 1 holder — while 26 added to existing stakes and 7 trimmed.
The largest buyer was Absolute Investment Advisers, adding an estimated $1.77M. The largest seller was Wolverine Asset Management, cutting an estimated $1.07M.
- 47 institutional investors held Madison Covered Call & Equity Strategy Fund (MCN) as of Q2 2026, up from 46 in Q1 2026.
- Funds reported $28.2M of Madison Covered Call & Equity Strategy Fund stock for Q2 2026, up 1.1% quarter-over-quarter.
- 6 funds opened new Madison Covered Call & Equity Strategy Fund positions in Q2 2026 and 5 closed out, a net change of +1 holder.
- The largest Madison Covered Call & Equity Strategy Fund buyer in Q2 2026 was Absolute Investment Advisers, an estimated $1.77M added.
- The largest Madison Covered Call & Equity Strategy Fund seller in Q2 2026 was Wolverine Asset Management, an estimated $1.07M sold.
Based on aggregated 13F filings for Q2 2026.