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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
+3.36%
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
$505M
AUM Growth
+$21.9M
(+4.5%)
Cap. Flow
-$71.5M
Cap. Flow
% of AUM
-14.16%
Top 10 Holdings %
Top 10 Hldgs %
72.69%
Holding
89
New
3
Increased
14
Reduced
14
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen Global High Income Fund
JGH
|
+$2.03M |
| 2 |
Cohen & Steers Infrastructure Fund
UTF
|
+$984K |
| 3 |
TPZ
Tortoise Electrification Infrastructure ETF
TPZ
|
+$536K |
| 4 |
CEQP
Crestwood Equity Partners LP
CEQP
|
+$285K |
| 5 |
EMD
Western Asset Emerging Markets Debt Fund
EMD
|
+$238K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen Preferred & Income Opportunities Fund
JPC
|
+$14.8M |
| 2 |
Calamos Strategic Total Return Fund
CSQ
|
+$3.51M |
| 3 |
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$374K |
| 4 |
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
|
+$366K |
| 5 |
AWF
AllianceBernstein Global High Income Fund
AWF
|
+$285K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 5.87% |
| 2 | Industrials | 3.5% |
| 3 | Technology | 1.02% |
| 4 | Healthcare | 0.5% |
| 5 | Consumer Staples | 0.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FAX
1
abrdn Asia-Pacific Income Fund
FAX
$593M
| $53.8M | 10.65% |
1,795,659
+3,475
| +0.2% | +$101K |
|
|
EMD
2
Western Asset Emerging Markets Debt Fund
EMD
$609M
| $48.5M | 9.61% |
3,130,264
+15,588
| +0.5% | +$238K |
|
|
PCI
3
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $45.3M | 8.97% |
2,113,033
-17,986
| -0.8% | -$374K |
|
|
DSL
4
DoubleLine Income Solutions Fund
DSL
$1.22B
| $39.3M | 7.79% |
1,958,190
-2,563
| -0.1% | -$50.7K |
|
|
AWF
5
AllianceBernstein Global High Income Fund
AWF
$869M
| $35.1M | 6.96% |
2,793,688
-22,459
| -0.8% | -$285K |
|
6
Cohen & Steers REIT and Preferred and Income Fund
RNP
$988M
| $31.3M | 6.2% |
1,617,794
-12,020
| -0.7% | -$235K |
|
|
7
Cohen & Steers Infrastructure Fund
UTF
$3.09B
| $20.1M | 3.99% |
933,734
+47,606
| +5% | +$984K |
|
|
GMLP
8
DELISTED
Golar LNG Partners LP
GMLP
| $17.1M | 3.39% |
766,836
+9,079
| +1% | +$209K |
|
9
Ares Capital
ARCC
$13.6B
| $14M | 2.76% |
803,009
+8,975
| +1% | +$155K |
|
|
10
Nuveen Global High Income Fund
JGH
$347M
| $13M | 2.57% |
787,772
+123,935
| +19% | +$2.03M |
|
11
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $11.5M | 2.28% |
875,583
-8,100
| -0.9% | -$105K |
|
12
Barings BDC
BBDC
$877M
| $10.3M | 2.05% |
541,858
+5,533
| +1% | +$106K |
|
|
CHW
13
Calamos Global Dynamic Income Fund
CHW
$521M
| $4.4M | 0.87% |
564,160
-2,284
| -0.4% | -$17.2K |
|
14
Texas Instruments
TXN
$248B
| $3.68M | 0.73% |
45,682
-1,970
| -4% | -$153K |
|
|
VTA
15
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $2.19M | 0.43% |
179,278
-9,810
| -5% | -$121K |
|
16
Eli Lilly
LLY
$1.09T
| $1.8M | 0.36% |
21,348
| – | – |
|
17
AT&T
T
$168B
| $1.35M | 0.27% |
43,053
+1,131
| +3% | +$35.6K |
|
18
Apple
AAPL
$4.99T
| $1.14M | 0.23% |
31,696
-888
| -3% | -$29.2K |
|
19
ExxonMobil
XOM
$654B
| $956K | 0.19% |
11,653
| – | – |
|
20
Altria Group
MO
$126B
| $938K | 0.19% |
13,130
| – | – |
|
|
GDO
21
Western Asset Global Corporate Defined Opportunity Fund
GDO
$76.7M
| $924K | 0.18% |
53,032
-70
| -0.1% | -$1.21K |
|
22
Philip Morris
PM
$314B
| $709K | 0.14% |
6,282
| – | – |
|
23
Amazon
AMZN
$2.45T
| $677K | 0.13% |
15,280
-140
| -0.9% | -$5.83K |
|
24
Visa
V
$707B
| $619K | 0.12% |
6,967
-18
| -0.3% | -$1.55K |
|
25
Procter & Gamble
PG
$338B
| $538K | 0.11% |
5,989
+357
| +6% | +$31.7K |
|
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McGowan Group Asset Management's Q1 2017 Portfolio in Review
As of Q1 2017, McGowan Group Asset Management held 89 positions worth $505M, up 4.5% from $483M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
McGowan Group Asset Management withdrew a net $71.5M in Q1 2017, closing 6 positions and reducing 14 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $14.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 5.9% of assets, down from 6.5% a quarter earlier, followed by Industrials and Technology.
Against the trend, McGowan Group Asset Management opened a new position in Tortoise Electrification Infrastructure ETF worth $529K.
- McGowan Group Asset Management's largest Q1 2017 buy was Tortoise Electrification Infrastructure ETF: 24,071 shares worth $529K.
- McGowan Group Asset Management added most to Nuveen Global High Income Fund in Q1 2017, an estimated $2.03M increase.
- McGowan Group Asset Management's biggest Q1 2017 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $374K.
- McGowan Group Asset Management fully exited Nuveen Preferred & Income Opportunities Fund in Q1 2017, selling an estimated $14.8M.
- McGowan Group Asset Management's ten largest holdings make up 73% of its $505M portfolio in Q1 2017.
- McGowan Group Asset Management opened 3 new positions and closed 6 in Q1 2017.
- McGowan Group Asset Management's portfolio value rose 4.5% quarter-over-quarter to $505M.
Based on McGowan Group Asset Management's 13F filing for Q1 2017, filed 15 May 2017.