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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
-11.73%
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
$556M
AUM Growth
-$44.8M
Cap. Flow
-$19.3M
Cap. Flow %
-3.46%
Top 10 Hldgs %
54.94%
Holding
107
New
4
Increased
31
Reduced
24
Closed
14

Top Buys

Rank Stock Value
1
TEI
Templeton Emerging Markets Income Fund
TEI
+$25.4M
2
EMO
ClearBridge Energy Midstream Opportunity Fund
EMO
+$14.2M
3
MLPA icon
Global X MLP ETF
MLPA
+$10.2M
4
ET icon
Energy Transfer Partners
ET
+$9.87M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$9.08M

Top Sells

Rank Stock Value
1
AMLP icon
Alerian MLP ETF
AMLP
+$23.7M
2
CBA
ClearBridge American Energy MLP
CBA
+$15.3M
3
GMLP
Golar LNG Partners LP
GMLP
+$2.15M
4
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$1.77M
5
ETP
Energy Transfer Partners, L.P.
ETP
+$527K

Sector Composition

Rank Sector Weight
1 Energy 9.5%
2 Financials 6.84%
3 Industrials 2.56%
4 Technology 1.1%
5 Healthcare 0.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETP
76
DELISTED
Energy Transfer Partners, L.P.
ETP
– –
-23,668
Closed -$527K
CBA
77
DELISTED
ClearBridge American Energy MLP
CBA
– –
-1,949,467
Closed -$15.3M
1 2 3
4

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GA
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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 Q4 2018 Portfolio in Review

As of Q4 2018, McGowan Group Asset Management held 107 positions worth $556M, down 7.5% from $601M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

McGowan Group Asset Management withdrew a net $19.3M in Q4 2018, closing 14 positions and reducing 24 holdings. Its most notable exit was Alerian MLP ETF, an estimated $23.7M position sold in full.

By sector, the portfolio is most concentrated in Energy at 9.5% of assets, up from 7.4% a quarter earlier, followed by Financials and Industrials.

Against the trend, McGowan Group Asset Management opened a new position in Global X MLP ETF worth $8.95M.

  • McGowan Group Asset Management's largest Q4 2018 buy was Global X MLP ETF: 194,394 shares worth $8.95M.
  • McGowan Group Asset Management added most to Templeton Emerging Markets Income Fund in Q4 2018, an estimated $25.4M increase.
  • McGowan Group Asset Management's biggest Q4 2018 reduction was Golar LNG Partners LP, cutting an estimated $2.15M.
  • McGowan Group Asset Management fully exited Alerian MLP ETF in Q4 2018, selling an estimated $23.7M.
  • McGowan Group Asset Management's ten largest holdings make up 55% of its $556M portfolio in Q4 2018.
  • McGowan Group Asset Management opened 4 new positions and closed 14 in Q4 2018.
  • McGowan Group Asset Management's portfolio value fell 7.5% quarter-over-quarter to $556M.

Based on McGowan Group Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.