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MGAM

McGowan Group Asset Management Portfolio holdings

AUM $785M
1-Year Est. Return 15.71%
This Fund
S&P 500
This Quarter Est. Return
+2.48%
1 Year Est. Return
+15.71%
3 Year Est. Return
+51.88%
5 Year Est. Return
+54.33%
10 Year Est. Return
+77.22%
AUM
$513M
AUM Growth
-$47.8M
Cap. Flow
-$122M
Cap. Flow %
-23.75%
Top 10 Hldgs %
57.98%
Holding
99
New
4
Increased
17
Reduced
15
Closed
9

Top Buys

Rank Stock Value
1
EMD
Western Asset Emerging Markets
EMD
+$18.9M
2
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$10.2M
3
FAX
abrdn Asia-Pacific Income Fund
FAX
+$1.89M
4
UTF icon
Cohen & Steers Infrastructure Fund
UTF
+$1.19M
5
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$971K

Top Sells

Rank Stock Value
1
FPF
First Trust Intermediate Duration Preferred & Income Fund
FPF
+$22.8M
2
AWP
abrdn Global Premier Properties Fund
AWP
+$12.2M
3
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$8.6M
4
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$5.64M
5
DFP
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
+$4.81M

Sector Composition

Rank Sector Weight
1 Financials 6.25%
2 Real Estate 3.04%
3 Industrials 2.97%
4 Technology 0.9%
5 Healthcare 0.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTA
26
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$996K 0.19%
+84,717
New +$971K
AAPL icon
27
Apple
AAPL
$5.04T
$960K 0.19%
33,960
+3,492
+11% +$92.4K
GDO
28
Western Asset Global Corporate Defined Opportunity Fund
GDO
$76.7M
$946K 0.18%
53,472
-120
-0.2% -$2.11K
MO icon
29
Altria Group
MO
$126B
$839K 0.16%
13,262
– –
AMZN icon
30
Amazon
AMZN
$2.47T
$646K 0.13%
15,420
+260
+2% +$9.95K
PM icon
31
Philip Morris
PM
$313B
$625K 0.12%
6,428
– –
V icon
32
Visa
V
$704B
$588K 0.11%
7,115
– –
PG icon
33
Procter & Gamble
PG
$338B
$511K 0.1%
5,699
– –
ETP
34
DELISTED
Energy Transfer Partners L.p.
ETP
$500K 0.1%
13,503
-281
-2% -$11K
JNJ icon
35
Johnson & Johnson
JNJ
$644B
$427K 0.08%
3,616
– –
META icon
36
Meta Platforms (Facebook)
META
$1.5T
$386K 0.08%
3,007
+85
+3% +$10.6K
GIS icon
37
General Mills
GIS
$20.3B
$360K 0.07%
5,635
– –
EVT icon
38
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.06B
$359K 0.07%
17,814
+2
+0% +$41
OGE icon
39
OGE Energy
OGE
$9.96B
$343K 0.07%
10,834
– –
FFA
40
First Trust Enhanced Equity Income Fund
FFA
$445M
$297K 0.06%
22,244
– –
MRK icon
41
Merck
MRK
$324B
$287K 0.06%
4,824
+3
+0.1% +$175
BRK.B icon
42
Berkshire Hathaway Class B
BRK.B
$1.1T
$286K 0.06%
1,977
-188
-9% -$27.5K
MSFT icon
43
Microsoft
MSFT
$2.94T
$277K 0.05%
4,802
+2
+0% +$113
GE icon
44
GE Aerospace
GE
$368B
$273K 0.05%
1,924
+43
+2% +$6.42K
JQC icon
45
Nuveen Credit Strategies Income Fund
JQC
$705M
$251K 0.05%
29,619
+67
+0.2% +$560
AWP
46
abrdn Global Premier Properties Fund
AWP
$376M
– –
-741,882
Closed -$12.2M
BMY icon
47
Bristol-Myers Squibb
BMY
$130B
– –
-3,622
Closed -$266K
DFP
48
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$424M
– –
-198,222
Closed -$4.81M
FPF
49
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
– –
-966,847
Closed -$22.8M
GILD icon
50
Gilead Sciences
GILD
$167B
– –
-4,624
Closed -$386K
1
2
3

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McGowan Group Asset Management's Q3 2016 Portfolio in Review

As of Q3 2016, McGowan Group Asset Management held 99 positions worth $513M, down 8.5% from $561M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

McGowan Group Asset Management withdrew a net $122M in Q3 2016, closing 9 positions and reducing 15 holdings. Its most notable exit was First Trust Intermediate Duration Preferred & Income Fund, an estimated $22.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.2% of assets, up from 5.5% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, McGowan Group Asset Management opened a new position in Western Asset Emerging Markets worth $18.9M.

  • McGowan Group Asset Management's largest Q3 2016 buy was Western Asset Emerging Markets: 1,642,899 shares worth $18.9M.
  • McGowan Group Asset Management added most to abrdn Asia-Pacific Income Fund in Q3 2016, an estimated $1.89M increase.
  • McGowan Group Asset Management's biggest Q3 2016 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $8.6M.
  • McGowan Group Asset Management fully exited First Trust Intermediate Duration Preferred & Income Fund in Q3 2016, selling an estimated $22.8M.
  • McGowan Group Asset Management's ten largest holdings make up 58% of its $513M portfolio in Q3 2016.
  • McGowan Group Asset Management opened 4 new positions and closed 9 in Q3 2016.
  • McGowan Group Asset Management's portfolio value fell 8.5% quarter-over-quarter to $513M.

Based on McGowan Group Asset Management's 13F filing for Q3 2016, filed 10 Nov 2016.