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MGAM

McGowan Group Asset Management Portfolio holdings

AUM $823M
1-Year Est. Return 27.48%
This Fund
S&P 500
This Quarter Est. Return
+2.22%
1 Year Est. Return
+27.48%
3 Year Est. Return
+69.8%
5 Year Est. Return
+65.94%
10 Year Est. Return
+93.63%
AUM
$513M
AUM Growth
+$24M
Cap. Flow
-$51.2M
Cap. Flow %
-9.98%
Top 10 Hldgs %
69.18%
Holding
88
New
9
Increased
18
Reduced
9
Closed
1

Top Buys

Rank Stock Value
1
OHI icon
Omega Healthcare
OHI
+$13M
2
MAIN icon
Main Street Capital
MAIN
+$11.8M
3
CG icon
Carlyle Group
CG
+$7.93M
4
DCP
DCP Midstream, LP
DCP
+$4.55M
5
JGH icon
Nuveen Global High Income Fund
JGH
+$1M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$9.52M
2
AWF
AllianceBernstein Global High Income Fund
AWF
+$448K
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$399K
4
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$82K
5
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$80.4K

Sector Composition

Rank Sector Weight
1 Miscellaneous 83.49%
2 Financials 6.86%
3 Industrials 2.94%
4 Real Estate 2.52%
5 Technology 1.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAX
1
abrdn Asia-Pacific Income Fund
FAX
$595M
$57M 11.1%
1,840,147
+6,922
+0.4% +$213K
EMD
2
Western Asset Emerging Markets Debt Fund
EMD
$591M
$50.4M 9.83%
3,204,061
+13,268
+0.4% +$207K
PCI
3
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$48.2M 9.39%
2,090,169
-17,613
-0.8% -$399K
DSL
4
DoubleLine Income Solutions Fund
DSL
$1.19B
$42.4M 8.26%
1,994,357
+15,346
+0.8% +$321K
AWF
5
AllianceBernstein Global High Income Fund
AWF
$859M
$35.9M 7%
2,754,137
-34,601
-1% -$448K
RNP icon
6
Cohen & Steers REIT and Preferred and Income Fund
RNP
$944M
$35.3M 6.88%
1,665,552
+36,792
+2% +$770K
UTF icon
7
Cohen & Steers Infrastructure Fund
UTF
$2.9B
$23.2M 4.52%
1,007,815
+31,347
+3% +$728K
JGH icon
8
Nuveen Global High Income Fund
JGH
$343M
$18.6M 3.63%
1,073,531
+58,322
+6% +$1M
GMLP
9
DELISTED
Golar LNG Partners LP
GMLP
$14.6M 2.84%
627,564
+5,142
+0.8% +$110K
ARCC icon
10
Ares Capital
ARCC
$14.2B
$13.4M 2.62%
820,501
+14,480
+2% +$234K
OHI icon
11
Omega Healthcare
OHI
$14.2B
$12.9M 2.52%
+404,745
New +$13M
MAIN icon
12
Main Street Capital
MAIN
$5.26B
$11.9M 2.32%
+299,340
New +$11.8M
BTZ icon
13
BlackRock Credit Allocation Income Trust
BTZ
$905M
$11.7M 2.29%
864,324
-5,980
-0.7% -$80.4K
CG icon
14
Carlyle Group
CG
$15.1B
$8.77M 1.71%
+371,792
New +$7.93M
DCP
15
DELISTED
DCP Midstream, LP
DCP
$4.79M 0.93%
+138,189
New +$4.55M
TXN icon
16
Texas Instruments
TXN
$245B
$4.2M 0.82%
46,875
– –
VTA
17
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$2.06M 0.4%
172,367
-6,917
-4% -$82K
LLY icon
18
Eli Lilly
LLY
$994B
$1.83M 0.36%
21,349
– –
T icon
19
AT&T
T
$179B
$1.31M 0.26%
44,269
+1,132
+3% +$32.1K
AAPL icon
20
Apple
AAPL
$4.85T
$1.27M 0.25%
33,056
+1,556
+5% +$60.4K
GDO
21
Western Asset Global Corporate Defined Opportunity Fund
GDO
$74.7M
$967K 0.19%
53,032
– –
XOM icon
22
ExxonMobil
XOM
$683B
$853K 0.17%
10,405
+604
+6% +$48K
MO icon
23
Altria Group
MO
$115B
$809K 0.16%
12,760
– –
V icon
24
Visa
V
$692B
$733K 0.14%
6,968
– –
AMZN icon
25
Amazon
AMZN
$2.77T
$725K 0.14%
15,080
-200
-1% -$9.82K
1
2

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WRPWM
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JGUA
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McGowan Group Asset Management's Q3 2017 Portfolio in Review

As of Q3 2017, McGowan Group Asset Management held 88 positions worth $513M, up 4.9% from $489M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

McGowan Group Asset Management withdrew a net $51.2M in Q3 2017, closing 1 position and reducing 9 holdings. Its most notable exit was Barings BDC, an estimated $9.52M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 83% of assets, down from 89% a quarter earlier, followed by Financials and Industrials.

Against the trend, McGowan Group Asset Management opened a new position in Omega Healthcare worth $12.9M.

  • McGowan Group Asset Management's largest Q3 2017 buy was Omega Healthcare: 404,745 shares worth $12.9M.
  • McGowan Group Asset Management added most to Nuveen Global High Income Fund in Q3 2017, an estimated $1M increase.
  • McGowan Group Asset Management's biggest Q3 2017 reduction was AllianceBernstein Global High Income Fund, cutting an estimated $448K.
  • McGowan Group Asset Management fully exited Barings BDC in Q3 2017, selling an estimated $9.52M.
  • McGowan Group Asset Management's ten largest holdings make up 69% of its $513M portfolio in Q3 2017.
  • McGowan Group Asset Management opened 9 new positions and closed 1 in Q3 2017.
  • McGowan Group Asset Management's portfolio value rose 4.9% quarter-over-quarter to $513M.

Based on McGowan Group Asset Management's 13F filing for Q3 2017, filed 13 Nov 2017.