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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
+1.64%
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
$520M
AUM Growth
+$15.2M
(+3%)
Cap. Flow
+$146M
Cap. Flow
% of AUM
28.1%
Top 10 Holdings %
Top 10 Hldgs %
50.29%
Holding
123
New
1
Increased
27
Reduced
18
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$254M |
| 2 |
FAX
abrdn Asia-Pacific Income Fund
FAX
|
+$15.6M |
| 3 |
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$3.51M |
| 4 |
AWF
AllianceBernstein Global High Income Fund
AWF
|
+$3.32M |
| 5 |
GMLP
Golar LNG Partners LP
GMLP
|
+$2.92M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
|
+$7.13M |
| 2 |
FLG
Flagstar Bank National Association
FLG
|
+$6.37M |
| 3 |
Nuveen AMT-Free Quality Municipal Income Fund
NEA
|
+$4.85M |
| 4 |
Prospect Capital
PSEC
|
+$4.6M |
| 5 |
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
|
+$2.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 6.18% |
| 2 | Real Estate | 4.06% |
| 3 | Industrials | 1.5% |
| 4 | Technology | 0.76% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Ford
F
$61.7B
| – | – |
-14,793
| Closed | -$208K |
|
52
Alphabet (Google) Class A
GOOGL
$4.11T
| – | – |
-7,640
| Closed | -$297K |
|
53
Invesco Quality Municipal Securities
IQI
$529M
| – | – |
-21,417
| Closed | -$272K |
|
|
54
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.39B
| – | – |
-350,080
| Closed | -$4.85M |
|
|
NQP
55
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
| – | – |
-207,713
| Closed | -$2.85M |
|
|
56
Prospect Capital
PSEC
$1.11B
| – | – |
-658,992
| Closed | -$4.6M |
|
|
FLG
57
Flagstar Bank National Association
FLG
$5.88B
| – | – |
-130,127
| Closed | -$6.37M |
|
|
NMA
58
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
| – | – |
-514,805
| Closed | -$7.13M |
|
Similar funds
LSPW
JSL
GA
NEAM
GCM
NCM
SBCM
SWIG
McGowan Group Asset Management's Q1 2016 Portfolio in Review
As of Q1 2016, McGowan Group Asset Management held 123 positions worth $520M, up 3% from $505M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
McGowan Group Asset Management deployed $146M of net new capital in Q1 2016, opening 1 new position and adding to 27 existing holdings. Its largest new stake was Nuveen Floating Rate Income Fund: 252,290 shares worth $2.54M.
By sector, the portfolio is most concentrated in Financials at 6.2% of assets, down from 8.3% a quarter earlier, followed by Real Estate and Industrials.
On the sell side, the largest reduction was Gilead Sciences, an estimated $136K trimmed.
- McGowan Group Asset Management's largest Q1 2016 buy was Nuveen Floating Rate Income Fund: 252,290 shares worth $2.54M.
- McGowan Group Asset Management added most to DoubleLine Income Solutions Fund in Q1 2016, an estimated $254M increase.
- McGowan Group Asset Management's biggest Q1 2016 reduction was Gilead Sciences, cutting an estimated $136K.
- McGowan Group Asset Management fully exited NUVEEN MUNI ADVANTAGE FUND in Q1 2016, selling an estimated $7.13M.
- McGowan Group Asset Management's ten largest holdings make up 50% of its $520M portfolio in Q1 2016.
- McGowan Group Asset Management opened 1 new position and closed 11 in Q1 2016.
- McGowan Group Asset Management's portfolio value rose 3% quarter-over-quarter to $520M.
Based on McGowan Group Asset Management's 13F filing for Q1 2016, filed 13 May 2016.