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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
+1.44%
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
$489M
AUM Growth
-$15.5M
(-3.1%)
Cap. Flow
-$90.3M
Cap. Flow
% of AUM
-18.46%
Top 10 Holdings %
Top 10 Hldgs %
72.85%
Holding
82
New
5
Increased
17
Reduced
16
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen Global High Income Fund
JGH
|
+$3.82M |
| 2 |
FAX
abrdn Asia-Pacific Income Fund
FAX
|
+$1.13M |
| 3 |
Cohen & Steers Infrastructure Fund
UTF
|
+$976K |
| 4 |
EMD
Western Asset Emerging Markets Debt Fund
EMD
|
+$951K |
| 5 |
ETP
Energy Transfer Partners, L.P.
ETP
|
+$449K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CHW
Calamos Global Dynamic Income Fund
CHW
|
+$4.4M |
| 2 |
GMLP
Golar LNG Partners LP
GMLP
|
+$3.04M |
| 3 |
ETP
Energy Transfer Partners L.p.
ETP
|
+$493K |
| 4 |
FFA
First Trust Enhanced Equity Income Fund
FFA
|
+$321K |
| 5 |
ExxonMobil
XOM
|
+$152K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 4.85% |
| 2 | Industrials | 2.66% |
| 3 | Technology | 1.14% |
| 4 | Healthcare | 0.55% |
| 5 | Consumer Staples | 0.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FAX
1
abrdn Asia-Pacific Income Fund
FAX
$593M
| $55M | 11.24% |
1,833,225
+37,566
| +2% | +$1.13M |
|
|
EMD
2
Western Asset Emerging Markets Debt Fund
EMD
$609M
| $49.7M | 10.15% |
3,190,793
+60,529
| +2% | +$951K |
|
|
PCI
3
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $47M | 9.62% |
2,107,782
-5,251
| -0.2% | -$115K |
|
|
DSL
4
DoubleLine Income Solutions Fund
DSL
$1.22B
| $40.9M | 8.35% |
1,979,011
+20,821
| +1% | +$429K |
|
|
AWF
5
AllianceBernstein Global High Income Fund
AWF
$869M
| $36.1M | 7.38% |
2,788,738
-4,950
| -0.2% | -$63.2K |
|
6
Cohen & Steers REIT and Preferred and Income Fund
RNP
$986M
| $33.8M | 6.92% |
1,628,760
+10,966
| +0.7% | +$222K |
|
|
7
Cohen & Steers Infrastructure Fund
UTF
$3.09B
| $23.1M | 4.72% |
976,468
+42,734
| +5% | +$976K |
|
|
8
Nuveen Global High Income Fund
JGH
$351M
| $17.1M | 3.5% |
1,015,209
+227,437
| +29% | +$3.82M |
|
9
Ares Capital
ARCC
$13.6B
| $13.2M | 2.7% |
806,021
+3,012
| +0.4% | +$50.8K |
|
|
GMLP
10
DELISTED
Golar LNG Partners LP
GMLP
| $12.5M | 2.55% |
622,422
-144,414
| -19% | -$3.04M |
|
11
BlackRock Credit Allocation Income Trust
BTZ
$931M
| $11.7M | 2.39% |
870,304
-5,279
| -0.6% | -$70.5K |
|
12
Barings BDC
BBDC
$877M
| $9.52M | 1.95% |
540,403
-1,455
| -0.3% | -$26.5K |
|
13
Texas Instruments
TXN
$248B
| $3.61M | 0.74% |
46,875
+1,193
| +3% | +$95.6K |
|
|
VTA
14
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $2.15M | 0.44% |
179,284
+6
| +0% | +$73 |
|
15
Eli Lilly
LLY
$1.09T
| $1.76M | 0.36% |
21,349
+1
| +0% | +$82 |
|
16
AT&T
T
$168B
| $1.23M | 0.25% |
43,137
+84
| +0.2% | +$2.48K |
|
17
Apple
AAPL
$4.99T
| $1.13M | 0.23% |
31,500
-196
| -0.6% | -$7.25K |
|
18
Altria Group
MO
$126B
| $950K | 0.19% |
12,760
-370
| -3% | -$27.1K |
|
|
GDO
19
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.2M
| $944K | 0.19% |
53,032
| – | – |
|
|
20
ExxonMobil
XOM
$654B
| $791K | 0.16% |
9,801
-1,852
| -16% | -$152K |
|
21
Philip Morris
PM
$314B
| $748K | 0.15% |
6,370
+88
| +1% | +$10.2K |
|
22
Amazon
AMZN
$2.45T
| $740K | 0.15% |
15,280
| – | – |
|
23
Visa
V
$708B
| $653K | 0.13% |
6,968
+1
| +0% | +$93 |
|
24
BlackRock Corporate High Yield Fund
HYT
$1.35B
| $592K | 0.12% |
54,017
+32,468
| +151% | +$360K |
|
25
Procter & Gamble
PG
$338B
| $510K | 0.1% |
5,849
-140
| -2% | -$12.3K |
|
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McGowan Group Asset Management's Q2 2017 Portfolio in Review
As of Q2 2017, McGowan Group Asset Management held 82 positions worth $489M, down 3.1% from $505M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
McGowan Group Asset Management withdrew a net $90.3M in Q2 2017, closing 3 positions and reducing 16 holdings. Its most notable exit was Calamos Global Dynamic Income Fund, an estimated $4.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 4.8% of assets, down from 5.9% a quarter earlier, followed by Industrials and Technology.
Against the trend, McGowan Group Asset Management opened a new position in Energy Transfer Partners, L.P. worth $411K.
- McGowan Group Asset Management's largest Q2 2017 buy was Energy Transfer Partners, L.P.: 20,148 shares worth $411K.
- McGowan Group Asset Management added most to Nuveen Global High Income Fund in Q2 2017, an estimated $3.82M increase.
- McGowan Group Asset Management's biggest Q2 2017 reduction was Golar LNG Partners LP, cutting an estimated $3.04M.
- McGowan Group Asset Management fully exited Calamos Global Dynamic Income Fund in Q2 2017, selling an estimated $4.4M.
- McGowan Group Asset Management's ten largest holdings make up 73% of its $489M portfolio in Q2 2017.
- McGowan Group Asset Management opened 5 new positions and closed 3 in Q2 2017.
- McGowan Group Asset Management's portfolio value fell 3.1% quarter-over-quarter to $489M.
Based on McGowan Group Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.