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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
+4.49%
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
$561M
AUM Growth
+$40.4M
Cap. Flow
-$368M
Cap. Flow %
-65.62%
Top 10 Hldgs %
53.9%
Holding
106
New
3
Increased
15
Reduced
26
Closed
2

Top Buys

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$9.7M
2
RNP icon
Cohen & Steers REIT and Preferred and Income Fund
RNP
+$6.43M
3
FAX
abrdn Asia-Pacific Income Fund
FAX
+$6.05M
4
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$5.55M
5
GMLP
Golar LNG Partners LP
GMLP
+$4.07M

Top Sells

Rank Stock Value
1
DSL
DoubleLine Income Solutions Fund
DSL
+$278M
2
JTP
NUVEEN QUALITY PFD INCOME FD
JTP
+$5.46M
3
ALDW
Alon USA Partners LP
ALDW
+$5.18M
4
FPF
First Trust Intermediate Duration Preferred & Income Fund
FPF
+$4.07M
5
DFP
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
+$3.96M

Sector Composition

Rank Sector Weight
1 Financials 5.47%
2 Real Estate 3.36%
3 Industrials 2.51%
4 Technology 0.71%
5 Healthcare 0.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCI
1
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$39.5M 7.04%
2,063,716
+188,927
+10% +$3.47M
DSL
2
DoubleLine Income Solutions Fund
DSL
$1.22B
$34.7M 6.18%
1,888,385
-15,561,048
-89% -$278M
RNP icon
3
Cohen & Steers REIT and Preferred and Income Fund
RNP
$986M
$34.1M 6.08%
1,660,869
+334,772
+25% +$6.43M
AWF
4
AllianceBernstein Global High Income Fund
AWF
$869M
$33.2M 5.92%
2,704,997
+161,659
+6% +$1.94M
FAX
5
abrdn Asia-Pacific Income Fund
FAX
$593M
$25.1M 4.48%
835,677
+202,679
+32% +$6.05M
RQI icon
6
Cohen & Steers Quality Income Realty Fund
RQI
$1.71B
$24.8M 4.43%
1,770,217
-3,299
-0.2% -$41.6K
JPC icon
7
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
$23.7M 4.23%
2,366,773
-57,562
-2% -$569K
FPF
8
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
$22.8M 4.07%
966,847
-177,964
-16% -$4.07M
UTF icon
9
Cohen & Steers Infrastructure Fund
UTF
$3.09B
$16.8M 3%
785,566
+121,829
+18% +$2.46M
IGR
10
CBRE Global Real Estate Income Fund
IGR
$715M
$16.2M 2.89%
1,970,205
-17,164
-0.9% -$135K
GMLP
11
DELISTED
Golar LNG Partners LP
GMLP
$13.8M 2.46%
751,634
+239,791
+47% +$4.07M
AWP
12
abrdn Global Premier Properties Fund
AWP
$377M
$12.2M 2.18%
741,882
-5,113
-0.7% -$85.3K
ARCC icon
13
Ares Capital
ARCC
$13.6B
$11.6M 2.06%
815,469
-11,509
-1% -$171K
BBDC icon
14
Barings BDC
BBDC
$877M
$10.7M 1.9%
551,206
-5,558
-1% -$107K
BTZ icon
15
BlackRock Credit Allocation Income Trust
BTZ
$931M
$10.6M 1.88%
810,632
+762,062
+1,569% +$9.7M
BXMT icon
16
Blackstone Mortgage Trust
BXMT
$2.79B
$8.28M 1.48%
299,062
-1,949
-0.6% -$53.8K
STWD icon
17
Starwood Property Trust
STWD
$6.16B
$6.55M 1.17%
316,141
-1,799
-0.6% -$35.9K
JGH icon
18
Nuveen Global High Income Fund
JGH
$351M
$5.8M 1.03%
402,960
-3,629
-0.9% -$51.6K
JPS
19
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$5.64M 1.01%
+609,362
New +$5.55M
DFP
20
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$426M
$4.81M 0.86%
198,222
-166,478
-46% -$3.96M
IGD
21
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$510M
$4.57M 0.82%
659,682
-7,269
-1% -$50.2K
CHW
22
Calamos Global Dynamic Income Fund
CHW
$521M
$4.06M 0.72%
578,857
-1,981
-0.3% -$13.9K
MPT
23
Medical Properties Trust
MPT
$2.88B
$4.04M 0.72%
265,707
-274,845
-51% -$3.89M
CSQ icon
24
Calamos Strategic Total Return Fund
CSQ
$3.15B
$3.54M 0.63%
357,928
-1,684
-0.5% -$16.5K
JFR icon
25
Nuveen Floating Rate Income Fund
JFR
$1.23B
$3.2M 0.57%
309,064
+56,774
+23% +$585K
1
2 3

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McGowan Group Asset Management's Q2 2016 Portfolio in Review

As of Q2 2016, McGowan Group Asset Management held 106 positions worth $561M, up 7.8% from $520M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

McGowan Group Asset Management withdrew a net $368M in Q2 2016, closing 2 positions and reducing 26 holdings. Its most notable exit was NUVEEN QUALITY PFD INCOME FD, an estimated $5.46M position sold in full.

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

Against the trend, McGowan Group Asset Management opened a new position in Nuveen Preferred & Income Securities Fund worth $5.64M.

  • McGowan Group Asset Management's largest Q2 2016 buy was Nuveen Preferred & Income Securities Fund: 609,362 shares worth $5.64M.
  • McGowan Group Asset Management added most to BlackRock Credit Allocation Income Trust in Q2 2016, an estimated $9.7M increase.
  • McGowan Group Asset Management's biggest Q2 2016 reduction was DoubleLine Income Solutions Fund, cutting an estimated $278M.
  • McGowan Group Asset Management fully exited NUVEEN QUALITY PFD INCOME FD in Q2 2016, selling an estimated $5.46M.
  • McGowan Group Asset Management's ten largest holdings make up 54% of its $561M portfolio in Q2 2016.
  • McGowan Group Asset Management opened 3 new positions and closed 2 in Q2 2016.
  • McGowan Group Asset Management's portfolio value rose 7.8% quarter-over-quarter to $561M.

Based on McGowan Group Asset Management's 13F filing for Q2 2016, filed 15 Aug 2016.