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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
-1.17%
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
$622M
AUM Growth
-$15.4M
Cap. Flow
-$60.1B
Cap. Flow %
-9,666.41%
Top 10 Hldgs %
62.25%
Holding
102
New
3
Increased
37
Reduced
18
Closed
11

Top Buys

Rank Stock Value
1
MLPA icon
Global X MLP ETF
MLPA
+$11.2M
2
PAA icon
Plains All American Pipeline
PAA
+$10.8M
3
KMI icon
Kinder Morgan
KMI
+$8.45M
4
CQP icon
Cheniere Energy
CQP
+$4.62M
5
MPLX icon
MPLX
MPLX
+$4.4M

Top Sells

Rank Stock Value
1
AMZA icon
InfraCap MLP ETF
AMZA
+$22.2M
2
RNP icon
Cohen & Steers REIT and Preferred and Income Fund
RNP
+$10.5M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.4M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$9.64M
5
GMLP
Golar LNG Partners LP
GMLP
+$8.2M

Sector Composition

Rank Sector Weight
1 Energy 12.68%
2 Financials 8.07%
3 Technology 1.35%
4 Industrials 0.9%
5 Healthcare 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HEP
76
DELISTED
Holly Energy Partners, L.P.
HEP
– –
-260,519
Closed -$7.16M
PCI
77
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
– –
-403,514
Closed -$9.64M
GMLP
78
DELISTED
Golar LNG Partners LP
GMLP
– –
-725,254
Closed -$8.2M
ANDX
79
DELISTED
Andeavor Logistics LP
ANDX
– –
-132,348
Closed -$4.81M
1 2 3
4

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McGowan Group Asset Management's Q3 2019 Portfolio in Review

As of Q3 2019, McGowan Group Asset Management held 102 positions worth $622M, down 2.4% from $637M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

McGowan Group Asset Management withdrew a net $60.1B in Q3 2019, closing 11 positions and reducing 18 holdings. Its most notable exit was InfraCap MLP ETF, an estimated $22.2M position sold in full.

By sector, the portfolio is most concentrated in Energy at 13% of assets, up from 9.8% a quarter earlier, followed by Financials and Technology.

Against the trend, McGowan Group Asset Management opened a new position in iShares Core S&P US Value ETF worth $386K.

  • McGowan Group Asset Management's largest Q3 2019 buy was iShares Core S&P US Value ETF: 6,686 shares worth $386K.
  • McGowan Group Asset Management added most to Global X MLP ETF in Q3 2019, an estimated $11.2M increase.
  • McGowan Group Asset Management's biggest Q3 2019 reduction was Cohen & Steers Infrastructure Fund, cutting an estimated $193K.
  • McGowan Group Asset Management fully exited InfraCap MLP ETF in Q3 2019, selling an estimated $22.2M.
  • McGowan Group Asset Management's ten largest holdings make up 62% of its $622M portfolio in Q3 2019.
  • McGowan Group Asset Management opened 3 new positions and closed 11 in Q3 2019.
  • McGowan Group Asset Management's portfolio value fell 2.4% quarter-over-quarter to $622M.

Based on McGowan Group Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.