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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
PCI
1
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$42.7M 8.33%
2,094,747
+31,031
+2% +$618K
DSL
2
DoubleLine Income Solutions Fund
DSL
$1.22B
$36.6M 7.13%
1,909,375
+20,990
+1% +$399K
AWF
3
AllianceBernstein Global High Income Fund
AWF
$868M
$34.5M 6.73%
2,737,811
+32,814
+1% +$412K
RNP icon
4
Cohen & Steers REIT and Preferred and Income Fund
RNP
$988M
$33.9M 6.61%
1,682,092
+21,223
+1% +$442K
FAX
5
abrdn Asia-Pacific Income Fund
FAX
$593M
$27.5M 5.37%
896,398
+60,721
+7% +$1.89M
RQI icon
6
Cohen & Steers Quality Income Realty Fund
RQI
$1.71B
$21.4M 4.18%
1,608,715
-161,502
-9% -$2.21M
EMD
7
DELISTED
Western Asset Emerging Markets
EMD
$18.9M 3.69%
+1,642,899
New +$18.9M
UTF icon
8
Cohen & Steers Infrastructure Fund
UTF
$3.09B
$18.1M 3.53%
841,377
+55,811
+7% +$1.19M
IGR
9
CBRE Global Real Estate Income Fund
IGR
$715M
$16.4M 3.19%
1,948,277
-21,928
-1% -$184K
JPC icon
10
Nuveen Preferred & Income Opportunities Fund
JPC
$2.88B
$15.3M 2.99%
1,530,470
-836,303
-35% -$8.6M
GMLP
11
DELISTED
Golar LNG Partners LP
GMLP
$14.9M 2.91%
761,573
+9,939
+1% +$188K
ARCC icon
12
Ares Capital
ARCC
$13.6B
$12.5M 2.43%
805,062
-10,407
-1% -$160K
BTZ icon
13
BlackRock Credit Allocation Income Trust
BTZ
$931M
$11.6M 2.26%
867,358
+56,726
+7% +$756K
BBDC icon
14
Barings BDC
BBDC
$873M
$10.7M 2.09%
544,136
-7,070
-1% -$140K
EMD
15
Western Asset Emerging Markets Debt Fund
EMD
$609M
$10.3M 2.01%
+633,320
New +$10.2M
BXMT icon
16
Blackstone Mortgage Trust
BXMT
$2.77B
$8.66M 1.69%
293,984
-5,078
-2% -$147K
JGH icon
17
Nuveen Global High Income Fund
JGH
$349M
$7.05M 1.37%
448,948
+45,988
+11% +$706K
STWD icon
18
Starwood Property Trust
STWD
$6.15B
$6.95M 1.35%
308,457
-7,684
-2% -$170K
CHW
19
Calamos Global Dynamic Income Fund
CHW
$517M
$4.33M 0.84%
576,012
-2,845
-0.5% -$20.9K
CSQ icon
20
Calamos Strategic Total Return Fund
CSQ
$3.13B
$3.65M 0.71%
355,163
-2,765
-0.8% -$28.7K
JFR icon
21
Nuveen Floating Rate Income Fund
JFR
$1.23B
$3.39M 0.66%
307,572
-1,492
-0.5% -$16K
TXN icon
22
Texas Instruments
TXN
$246B
$3.36M 0.66%
47,915
– –
LLY icon
23
Eli Lilly
LLY
$1.09T
$1.71M 0.33%
21,348
– –
T icon
24
AT&T
T
$167B
$1.29M 0.25%
41,918
-3,479
-8% -$110K
XOM icon
25
ExxonMobil
XOM
$653B
$1.02M 0.2%
11,652
– –
1
2 3

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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.