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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
-1.96%
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
$483M
AUM Growth
-$30.1M
(-5.9%)
Cap. Flow
-$93.1M
Cap. Flow
% of AUM
-19.28%
Top 10 Holdings %
Top 10 Hldgs %
69.33%
Holding
90
New
3
Increased
15
Reduced
19
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMD
Western Asset Emerging Markets Debt Fund
EMD
|
+$37.5M |
| 2 |
FAX
abrdn Asia-Pacific Income Fund
FAX
|
+$26M |
| 3 |
Nuveen Global High Income Fund
JGH
|
+$3.33M |
| 4 |
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
|
+$1.23M |
| 5 |
AWF
AllianceBernstein Global High Income Fund
AWF
|
+$959K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cohen & Steers Quality Income Realty Fund
RQI
|
+$21.4M |
| 2 |
EMD
Western Asset Emerging Markets
EMD
|
+$18.9M |
| 3 |
IGR
CBRE Global Real Estate Income Fund
IGR
|
+$16.4M |
| 4 |
Blackstone Mortgage Trust
BXMT
|
+$8.66M |
| 5 |
Starwood Property Trust
STWD
|
+$6.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 6.47% |
| 2 | Industrials | 3.88% |
| 3 | Technology | 1.03% |
| 4 | Healthcare | 0.5% |
| 5 | Consumer Staples | 0.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FAX
1
abrdn Asia-Pacific Income Fund
FAX
$594M
| $49.8M | 10.31% |
1,792,184
+895,786
| +100% | +$26M |
|
|
EMD
2
Western Asset Emerging Markets Debt Fund
EMD
$613M
| $45.8M | 9.49% |
3,114,676
+2,481,356
| +392% | +$37.5M |
|
|
PCI
3
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $43.1M | 8.92% |
2,131,019
+36,272
| +2% | +$729K |
|
|
DSL
4
DoubleLine Income Solutions Fund
DSL
$1.22B
| $37.2M | 7.71% |
1,960,753
+51,378
| +3% | +$954K |
|
|
AWF
5
AllianceBernstein Global High Income Fund
AWF
$872M
| $35.4M | 7.33% |
2,816,147
+78,336
| +3% | +$959K |
|
6
Cohen & Steers REIT and Preferred and Income Fund
RNP
$990M
| $31.2M | 6.45% |
1,629,814
-52,278
| -3% | -$984K |
|
|
GMLP
7
DELISTED
Golar LNG Partners LP
GMLP
| $18.2M | 3.77% |
757,757
-3,816
| -0.5% | -$81.2K |
|
8
Cohen & Steers Infrastructure Fund
UTF
$3.11B
| $17.2M | 3.55% |
886,128
+44,751
| +5% | +$898K |
|
9
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| $14.8M | 3.06% |
1,501,819
-28,651
| -2% | -$274K |
|
10
Ares Capital
ARCC
$13.6B
| $13.1M | 2.71% |
794,034
-11,028
| -1% | -$174K |
|
11
BlackRock Credit Allocation Income Trust
BTZ
$931M
| $11.5M | 2.37% |
883,683
+16,325
| +2% | +$207K |
|
|
12
Nuveen Global High Income Fund
JGH
$350M
| $10.6M | 2.2% |
663,837
+214,889
| +48% | +$3.33M |
|
13
Barings BDC
BBDC
$881M
| $9.84M | 2.04% |
536,325
-7,811
| -1% | -$146K |
|
|
CHW
14
Calamos Global Dynamic Income Fund
CHW
$525M
| $3.95M | 0.82% |
566,444
-9,568
| -2% | -$68.6K |
|
15
Calamos Strategic Total Return Fund
CSQ
$3.16B
| $3.51M | 0.73% |
341,614
-13,549
| -4% | -$137K |
|
16
Texas Instruments
TXN
$249B
| $3.48M | 0.72% |
47,652
-263
| -0.5% | -$18.8K |
|
|
VTA
17
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $2.33M | 0.48% |
189,088
+104,371
| +123% | +$1.23M |
|
18
Eli Lilly
LLY
$1.09T
| $1.57M | 0.33% |
21,348
| – | – |
|
19
AT&T
T
$168B
| $1.35M | 0.28% |
41,922
+4
| +0% | +$118 |
|
20
ExxonMobil
XOM
$654B
| $1.05M | 0.22% |
11,653
+1
| +0% | +$87 |
|
21
Apple
AAPL
$5.02T
| $943K | 0.2% |
32,584
-1,376
| -4% | -$39K |
|
|
GDO
22
Western Asset Global Corporate Defined Opportunity Fund
GDO
$76.7M
| $909K | 0.19% |
53,102
-370
| -0.7% | -$6.33K |
|
23
Altria Group
MO
$126B
| $888K | 0.18% |
13,130
-132
| -1% | -$8.5K |
|
24
Amazon
AMZN
$2.45T
| $578K | 0.12% |
15,420
| – | – |
|
25
Philip Morris
PM
$311B
| $575K | 0.12% |
6,282
-146
| -2% | -$13.5K |
|
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McGowan Group Asset Management's Q4 2016 Portfolio in Review
As of Q4 2016, McGowan Group Asset Management held 90 positions worth $483M, down 5.9% from $513M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
McGowan Group Asset Management withdrew a net $93.1M in Q4 2016, closing 6 positions and reducing 19 holdings. Its most notable exit was Cohen & Steers Quality Income Realty Fund, an estimated $21.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 6.5% of assets, up from 6.2% a quarter earlier, followed by Industrials and Technology.
Against the trend, McGowan Group Asset Management opened a new position in Information Services Group worth $229K.
- McGowan Group Asset Management's largest Q4 2016 buy was Information Services Group: 62,843 shares worth $229K.
- McGowan Group Asset Management added most to Western Asset Emerging Markets Debt Fund in Q4 2016, an estimated $37.5M increase.
- McGowan Group Asset Management's biggest Q4 2016 reduction was Cohen & Steers REIT and Preferred and Income Fund, cutting an estimated $984K.
- McGowan Group Asset Management fully exited Cohen & Steers Quality Income Realty Fund in Q4 2016, selling an estimated $21.4M.
- McGowan Group Asset Management's ten largest holdings make up 69% of its $483M portfolio in Q4 2016.
- McGowan Group Asset Management opened 3 new positions and closed 6 in Q4 2016.
- McGowan Group Asset Management's portfolio value fell 5.9% quarter-over-quarter to $483M.
Based on McGowan Group Asset Management's 13F filing for Q4 2016, filed 13 Feb 2017.