Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Xai Madison Equity Premium I (MCN)

46 + Investors. Track Smart Money conviction in MCN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — MCN

Based on 47 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their MCN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
47 hedge funds hold MCN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +18% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

26 buying22 selling
Last quarter: 26 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 5 → 8 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 28% medium ■ 19% new
25 out of 47 hedge funds have held MCN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +3%, value -99%

Value
-99%
Shares
+2%
Last quarter: funds added +3% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~8 new funds/quarter

10 → 13 → 5 → 8 → 8 new funds/Q
New funds entering each quarter: 13 → 5 → 8 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 62% veterans vs 32% newcomers

■ 62% veterans ■ 6% 1-2yr ■ 32% new
Entry-cohort mix of 47 holders: 29 (62%) are 2+ year veterans, 3 entered 1–2 years ago, and 15 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
9 of 47 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MCN

In 2026 Q1, 26 hedge funds were net buyers of MCN (8 opened a new position, 18 added to an existing one), while 22 reduced or exited (12 trimmed, 10 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 24% of total institutional value in MCN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 47.

Hedge Fund Ownership: MCN

How many hedge funds hold MCN — quarterly history vs. share price
Quarterly hedge fund ownership of MCN vs. share price

Market Analysis: MCN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MCN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Xai Madison Equity Premium I (MCN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MCN has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
MCN
-4.8%
XLF
+8.5%

MCN outperformed XLF by -13.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
MCN
-7.0%
XLF
+4.8%

Since the filing became public, MCN outperformed XLF by -11.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: MCN
46 + Investors

Track Smart Money conviction in MCN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 46 49 -6.12%
13F Shares 5M 5M 2.71%
Total Value $27M $3.28B -99.16%
New Positions 7 8 -1
Increased Positions 18 15 +3
Closed Positions 10 6 +4
Reduced Positions 12 16 -4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MCN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

46 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MCN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 MCN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Shaker Financial Services, LLC 1.18% 573,686 $3.4M
2 Absolute Investment Advisers, LLC 0.39% 567,061 $3.3M
3 Quarry LP 0.23% 222,673 $1.3M
4 World Equity Group, INC. 0.17% 113,928 $664K
5 Centurion Wealth Management LLC 0.11% 85,863 $501K
6 Arlington Capital Management, Inc. 0.09% 26,834 $156K
7 Investmark Advisory Group LLC 0.03% 11,095 $65K
8 Tactive Advisors, LLC 0.02% 12,103 $71K
9 Axiom Investment Management LLC 0.02% 4,339 $25K
10 Guggenheim Capital LLC 0.02% 410,159 $2.4M
11 Wolverine Asset Management LLC 0.02% 300,153 $1.7M
12 Procyon Advisors, LLC 0.01% 51,686 $301K
13 Eclectic Associates Inc /Adv 0.01% 16,849 $98K
14 Hilltop Holdings Inc. 0.01% 23,429 $137K
15 Medallion Wealth Advisors, LLC 0.01% 2,550 $16K
16 Osaic Holdings, INC. 0.00% 575,858 $3.4M
17 AlphaCore Capital LLC 0.00% 20,255 $119K
18 International Assets Investment Management, LLC 0.00% 6,700 $39K
19 Benjamin Edwards Inc 0.00% 34,661 $202K
20 Private Advisor Group, LLC 0.00% 48,062 $280K
21 Harbour Investments, INC. 0.00% 10,193 $59K
22 Fourth Dimension Wealth, LLC 0.00% 400 $2K
23 Sound Income Strategies, LLC 0.00% 2,900 $17K
24 Highline Wealth Partners LLC 0.00% 500 $3K
25 Stratos Wealth Partners, LTD. 0.00% 10,987 $64K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Xai Madison Equity Premium I (MCN)

What does the Smart Money Trend signal show for MCN?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their MCN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MCN?

Slight buying edge — 54% buying: Last quarter: 26 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for MCN holders?

Strong quality — 24% AUM from major funds: 9 of 47 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held MCN?

53% of holders stayed for 2+ years: 25 out of 47 hedge funds have held MCN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Xai Madison Equity Premium I (MCN) following the 2026 Q1 hedge fund 13F filings?

As of today, MCN has moved -7.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -11.8%. Since the quarter end (March 31, 2026), MCN has gained -4.8% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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