New Positions
10 managers initiated
Top five by reported value
XAI Madison Equity Premium Income Fund NYQ:MCN
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
10 new16 added25 reduced5 exited
Total Institutional Holders
51
as of 2025-12-31
Top Holder
NWF Advisory Services Inc.
$5.3M
Largest QoQ Increase
NWF Advisory Services Inc.
+630,200 sh
Largest QoQ Decrease
Calamos Advisors LLC
-92,174 sh
New Positions(10)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| GUGGENHEIM CAPITAL LLC | 165,417 | +165,417 | $992.5K | +$992.5K | — |
| Logan Stone Capital, LLC | 23,137 | +23,137 | $138.8K | +$138.8K | — |
| TWO SIGMA INVESTMENTS, LP | 15,572 | +15,572 | $93.4K | +$93.4K | — |
| JANE STREET GROUP, LLC | 11,240 | +11,240 | $67.4K | +$67.4K | — |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 7,200 | +7,200 | $43.2K | +$43.2K | — |
| Kestra Advisory Services, LLC | 6,103 | +6,103 | $36.6K | +$36.6K | — |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 1,000 | +1,000 | $6.0K | +$6.0K | — |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 500 | +500 | $3.0K | +$3.0K | — |
| Tower Research Capital LLC (TRC) | 125 | +125 | $750 | +$750 | — |
| FNY Investment Advisers, LLC | 1,600 | +1,600 | $9 | +$9 | — |
Added To(16)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| NWF Advisory Services Inc. | 723,800 | +630,200 | $5.3M | +$4.7M | 673.3% |
| ABSOLUTE INVESTMENT ADVISERS LLC | 534,643 | +339,488 | $3.3M | +$2.1M | 173.9% |
| Shaker Financial Services, LLC | 684,108 | +149,272 | $4.1M | +$772.6K | 27.9% |
| Quarry LP | 168,937 | +98,797 | $1.0M | +$580.9K | 140.8% |
| WOLVERINE ASSET MANAGEMENT LLC | 194,784 | +88,517 | $1.2M | +$513.0K | 83.3% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 30,761 | +16,651 | $184.6K | +$97.5K | 118.0% |
| WELLS FARGO & COMPANY/MN | 452,083 | +5,773 | $2.7M | -$41.2K | 1.3% |
| WORLD EQUITY GROUP, INC. | 111,230 | +7,057 | $667.4K | +$24.6K | 6.8% |
| Independent Wealth Network Inc. | 63,039 | +3,907 | $378.2K | +$13.4K | 6.6% |
| Private Advisor Group, LLC | 48,026 | +70 | $288.2K | -$7.7K | 0.1% |
| BENJAMIN EDWARDS INC | 26,995 | +1,428 | $162.0K | +$4.2K | 5.6% |
| Procyon Advisors, LLC | 49,421 | +877 | $296.5K | -$3.0K | 1.8% |
| Tactive Advisors, LLC | 12,095 | +576 | $72.6K | +$1.5K | 5.0% |
| Investmark Advisory Group LLC | 10,878 | +423 | $65.3K | +$761 | 4.0% |
| Stratos Wealth Partners, LTD. | 10,831 | +303 | $65.0K | +$28 | 2.9% |
| Janney Montgomery Scott LLC | 13,449 | +535 | $81 | +$1 | 4.1% |
Reduced(25)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| ADVISOR GROUP HOLDINGS, INC. | 719,611 | -90,756 | $4.3M | -$777.8K | -11.2% |
| Royal Bank of Canada | 36,108 | -60,645 | $217.0K | -$383.0K | -62.7% |
| Centurion Wealth Management LLC | 86,396 | -43,302 | $518.4K | -$281.9K | -33.4% |
| LPL Financial LLC | 179,274 | -36,912 | $1.1M | -$258.2K | -17.1% |
| MORGAN STANLEY | 216,523 | -11,388 | $1.3M | -$107.1K | -5.0% |
| Invesco Ltd. | 256,759 | -8,556 | $1.5M | -$96.4K | -3.2% |
| COMMONWEALTH EQUITY SERVICES, LLC | 11,474 | -3,161 | $68.8K | +$68.8K | -21.6% |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | 19,453 | -10,391 | $116.7K | -$67.4K | -34.8% |
| RAYMOND JAMES FINANCIAL INC | 189,237 | -4,585 | $1.1M | -$60.5K | -2.4% |
| UBS Group AG | 14,450 | -8,274 | $86.7K | -$53.5K | -36.4% |
| D.A. DAVIDSON & CO. | 49,321 | -3,039 | $295.9K | -$27.1K | -5.8% |
| STIFEL FINANCIAL CORP | 52,860 | -2,320 | $317.2K | -$23.3K | -4.2% |
| Arlington Capital Management, Inc. | 24,830 | -1,661 | $149.0K | -$14.5K | -6.3% |
| COMERICA BANK | 45,386 | 0 | $272.3K | -$7.7K | 0.0% |
| Hilltop Holdings Inc. | 27,429 | 0 | $164.6K | -$4.7K | 0.0% |
| AlphaCore Capital LLC | 20,255 | 0 | $121.5K | -$4.7K | 0.0% |
| Cetera Investment Advisers | 13,764 | -254 | $82.6K | -$3.9K | -1.8% |
| NewEdge Advisors, LLC | 6,666 | 0 | $40.0K | -$1.1K | 0.0% |
| Sound Income Strategies, LLC | 2,900 | 0 | $17.3K | -$841 | 0.0% |
| CITIGROUP INC | 4,825 | 0 | $28.9K | -$820 | 0.0% |
| CoreCap Advisors, LLC | 1,500 | 0 | $9.0K | -$255 | 0.0% |
| HIGHLINE WEALTH PARTNERS LLC | 500 | 0 | $3.0K | -$85 | 0.0% |
| Fourth Dimension Wealth, LLC | 400 | 0 | $2.4K | -$68 | 0.0% |
| Farther Finance Advisors, LLC | 141 | 0 | $846 | -$24 | 0.0% |
| Cambridge Investment Research Advisors, Inc. | 60,195 | -237 | $361 | -$12 | -0.4% |
Sold Out(5)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Calamos Advisors LLC | 0 | -92,174 | $0 | -$568.7K | — |
| Consolidated Portfolio Review Corp | 0 | -77,130 | $0 | -$475.9K | — |
| ELCO Management Co., LLC | 0 | -16,823 | $0 | -$103.8K | — |
| Mariner, LLC | 0 | -10,381 | $0 | -$64.1K | — |
| Ameritas Advisory Services, LLC | 0 | -4,350 | $0 | -$26.8K | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| NWF Advisory Services Inc. | 723,800 | $5.3M | +630,200 | 673.3% |
| ADVISOR GROUP HOLDINGS, INC. | 719,611 | $4.3M | -90,756 | -11.2% |
| Shaker Financial Services, LLC | 684,108 | $4.1M | +149,272 | 27.9% |
| ABSOLUTE INVESTMENT ADVISERS LLC | 534,643 | $3.3M | +339,488 | 173.9% |
| WELLS FARGO & COMPANY/MN | 452,083 | $2.7M | +5,773 | 1.3% |
| Invesco Ltd. | 256,759 | $1.5M | -8,556 | -3.2% |
| MORGAN STANLEY | 216,523 | $1.3M | -11,388 | -5.0% |
| WOLVERINE ASSET MANAGEMENT LLC | 194,784 | $1.2M | +88,517 | 83.3% |
| RAYMOND JAMES FINANCIAL INC | 189,237 | $1.1M | -4,585 | -2.4% |
| LPL Financial LLC | 179,274 | $1.1M | -36,912 | -17.1% |
| Quarry LP | 168,937 | $1.0M | +98,797 | 140.8% |
| GUGGENHEIM CAPITAL LLC | 165,417 | $992.5K | +165,417 | — |
| WORLD EQUITY GROUP, INC. | 111,230 | $667.4K | +7,057 | 6.8% |
| Centurion Wealth Management LLC | 86,396 | $518.4K | -43,302 | -33.4% |
| Independent Wealth Network Inc. | 63,039 | $378.2K | +3,907 | 6.6% |
| STIFEL FINANCIAL CORP | 52,860 | $317.2K | -2,320 | -4.2% |
| Procyon Advisors, LLC | 49,421 | $296.5K | +877 | 1.8% |
| D.A. DAVIDSON & CO. | 49,321 | $295.9K | -3,039 | -5.8% |
| Private Advisor Group, LLC | 48,026 | $288.2K | +70 | 0.1% |
| COMERICA BANK | 45,386 | $272.3K | 0 | 0.0% |
New & Closed Positions this quarter
Closed Positions
5 managers exited
Top five by prior-quarter value
- Calamos Advisors LLC$568.7K
- Consolidated Portfolio Review Corp$475.9K
- ELCO Management Co., LLC$103.8K
- Mariner, LLC$64.1K
- Ameritas Advisory Services, LLC$26.8K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for MCN against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.