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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
IGD
51
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$509M
– –
-659,682
Closed -$4.57M
MPT
52
Medical Properties Trust
MPT
$2.84B
– –
-265,707
Closed -$4.04M
JPS
53
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
– –
-609,362
Closed -$5.64M
1 2
3

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NEAM
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GCM
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NCM
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SBCM
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SWIG
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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.