Vault-13

MADISON COVERED CALL & EQUIT MCN

COM · Closed-End Fund · CUSIP 557437100

49 institutional holders +7 vs Q1 2025
4,256,6484.3m shares reported held*
$26.6mreported value*
12 new 14 added 12 reduced 5 sold out net bought ≈ $5.0m (+801.6k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $6.26. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 34Q4 22: 40Q1 23: 39Q2 23: 43Q3 23: 44Q4 23: 41Q1 24: 41Q2 24: 39Q3 24: 45Q4 24: 36Q1 25: 42Q2 25: 4949Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202234
Q4 202240
Q1 202339
Q2 202343
Q3 202344
Q4 202341
Q1 202441
Q2 202439
Q3 202445
Q4 202436
Q1 202542
Q2 202549

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 27 bought or addedQ3 23: 14 cut or sold outQ4 23: 21 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 22 bought or addedQ1 24: 16 cut or sold outQ2 24: 18 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 21 bought or addedQ3 24: 22 cut or sold outQ4 24: 14 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 17 cut or sold outQ2 25: 26 bought or addedQ2 25: 17 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232714
Q4 20232118
Q1 20242216
Q2 20241818
Q3 20242122
Q4 20241426
Q1 20252317
Q2 20252617

Biggest buyers

WELLS FARGO & COMPANY/MN Added +245,381+245.4k
Invesco Ltd. New +208,751+208.8k
ABSOLUTE INVESTMENT ADVISERS, LLC Added +158,055+158.1k
Shaker Financial Services, LLC Added +97,354+97.4k
Quarry LP New +70,140+70.1k
ROYAL BANK OF CANADA Added +60,969+61.0k
OSAIC HOLDINGS, INC. Added +60,626+60.6k
Arlington Capital Management, Inc. New +29,175+29.2k
MORGAN STANLEY Added +28,487+28.5k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Added +27,070+27.1k

Biggest sellers

UBS Group AG Reduced -80,583-80.6k
GUGGENHEIM CAPITAL LLC Reduced -53,005-53.0k
RAYMOND JAMES FINANCIAL INC Reduced -44,826-44.8k
Atria Wealth Solutions, Inc. Sold out -32,069-32.1k
Sowell Financial Services LLC Sold out -20,474-20.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -19,235-19.2k
WOLVERINE ASSET MANAGEMENT LLC Reduced -18,556-18.6k
Bank of New York Mellon Corp Sold out -16,884-16.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -14,940-14.9k
STIFEL FINANCIAL CORP Reduced -6,144-6.1k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 836,592836.6k $5.2m $5.2m 0.01% Added +60.6k +60,626
2 Shaker Financial Services, LLC 1.04% of their portfolio Arlington, VA 455,480455.5k $2.9m $2.9m 1.04% Added +97.4k +97,354
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 419,467419.5k $2.6m $2.6m 0.00% Added +245.4k +245,381
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 246,317246.3k $1.5m $1.5m 0.00% Added +3.6k +3,616
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 225,041225.0k $1.4m $1.4m 0.00% Added +28.5k +28,487
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 208,751208.8k $1.3m $1.3m 0.00% New
7 ABSOLUTE INVESTMENT ADVISERS, LLC 0.16% of their portfolio ROSEMARY BEACH, FL 203,355203.4k $1.3m $1.3m 0.16% Added +158.1k +158,055
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 185,906185.9k $1.2m $1.2m 0.00% Reduced -44.8k -44,826
9 Centurion Wealth Management LLC 0.31% of their portfolio Mclean, VA 173,615173.6k $1.1m $1.1m 0.31% Added +2.1k +2,130
10 NWF Advisory Services Inc. 0.09% of their portfolio Los Angeles, CA 120,800120.8k $755.0k $755.0k 0.09% Reduced -2.0k -2,000
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 105,148105.1k $658.0k $658.0k 0.00% Added +61.0k +60,969
12 WORLD EQUITY GROUP, INC. 0.17% of their portfolio SCHAUMBURG, IL 99,26399.3k $620.4k $620.4k 0.17% Added +7.7k +7,682
13 Consolidated Portfolio Review Corp 0.08% of their portfolio WOODBURY, NY 92,46492.5k $577.9k $577.9k 0.08% Reduced -1.6k -1,560
14 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 75,71475.7k $473.2k $473.2k 0.00% Added +18.0k +17,954
15 Quarry LP 0.10% of their portfolio NEW YORK, NY 70,14070.1k $438.4k $438.4k 0.10% New
16 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 61,66361.7k $385.4k $385.4k 0.03% Added +27.1k +27,070
17 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 58,38858.4k $365.0k $365.0k 0.00% Reduced -2.1k -2,113
18 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 57,15757.2k $357.2k $357.2k 0.00% Reduced -6.1k -6,144
19 Independent Wealth Network Inc. 0.13% of their portfolio URBANDALE, IA 55,61155.6k $347.6k $347.6k 0.13% Added +3.0k +3,021
20 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 47,90747.9k $299.4k $299.4k 0.00% Reduced -918 -918
21 Procyon Advisors, LLC 0.03% of their portfolio SHELTON, CT 47,88047.9k $299.2k $299.2k 0.03% Added +16.2k +16,216
22 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 45,52945.5k $284.6k $284.6k 0.00% Added +10.8k +10,789
23 COMERICA BANK 0.00% of their portfolio DALLAS, TX 45,38645.4k $283.7k $283.7k 0.00% Unchanged
24 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 37,49637.5k $234.3k $234.3k 0.00% Reduced -53.0k -53,005
25 Arlington Capital Management, Inc. 0.16% of their portfolio ARLINGTON HEIGHTS, IL 29,17529.2k $182.3k $182.3k 0.16% New
26 Hilltop Holdings Inc. 0.01% of their portfolio DALLAS, TX 28,42928.4k $177.7k $177.7k 0.01% Unchanged
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 24,75924.8k $154.7k $154.7k 0.00% Reduced -80.6k -80,583
28 L.M. KOHN & COMPANY 0.04% of their portfolio CINCINNATI, OH 20,99421.0k $131.2k $131.2k 0.04% Unchanged
29 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 20,25520.3k $127.8k $127.8k 0.00% Unchanged
30 ELCO Management Co., LLC 0.06% of their portfolio New York, NY 18,82318.8k $117.6k $117.6k 0.06% Reduced -2.5k -2,500
31 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 18,62618.6k $116.4k $116.4k 0.00% Reduced -4.1k -4,146
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 15,68415.7k $98.0k $98.0k 0.00% New
33 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,09914.1k $88.1k $88.1k 0.00% New
34 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,91412.9k $81.0k $81.0k 0.00% Unchanged
35 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,69210.7k $67.0k $67.0k 0.00% Reduced -14.9k -14,940
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,44110.4k $65.3k $65.3k 0.00% New
37 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 10,26610.3k $64.2k $64.2k 0.00% New
38 Investmark Advisory Group LLC 0.03% of their portfolio Shelton, CT 10,25410.3k $64.1k $64.1k 0.03% New
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,6927.7k $48.1k $48.1k 0.00% New
40 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,6666.7k $41.7k $41.7k 0.00% Unchanged
41 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 4,9454.9k $30.9k $30.9k 0.00% Reduced -18.6k -18,556
42 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 4,3504.3k $27.2k $27.2k 0.00% New
43 Fourth Dimension Wealth, LLC 0.01% of their portfolio MIDDLEBURG HEIGHTS, OH 3,6653.7k $22.9k $22.9k 0.01% Unchanged
44 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 2,9002.9k $18.1k $18.1k 0.00% New
45 Medallion Wealth Advisors, LLC 0.01% of their portfolio FARMINGTON, CT 2,5502.5k $16.1k $16.1k 0.01% Unchanged
46 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 1,6001.6k $10.0k $10.0k 0.00% Unchanged
47 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,5001.5k $9.4k $9.4k 0.00% Unchanged
48 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 158158 $988 $988 0.00% New
49 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 141141 $881 $881 0.00% Unchanged