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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
-6.25%
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
$583M
AUM Growth
-$37.9M
Cap. Flow
-$57.9M
Cap. Flow %
-9.93%
Top 10 Hldgs %
58.26%
Holding
104
New
6
Increased
22
Reduced
29
Closed
4

Top Buys

Rank Stock Value
1
ANDX
Andeavor Logistics LP
ANDX
+$5.45M
2
GLOP
GASLOG PARTNERS LP
GLOP
+$3.86M
3
AMZA icon
InfraCap MLP ETF
AMZA
+$2.92M
4
CBA
ClearBridge American Energy MLP
CBA
+$2.67M
5
AMLP icon
Alerian MLP ETF
AMLP
+$2.4M

Top Sells

Rank Stock Value
1
RNP icon
Cohen & Steers REIT and Preferred and Income Fund
RNP
+$7.22M
2
GSBD icon
Goldman Sachs BDC
GSBD
+$1.27M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$1.04M
4
AWF
AllianceBernstein Global High Income Fund
AWF
+$686K
5
FAX
abrdn Asia-Pacific Income Fund
FAX
+$661K

Sector Composition

Rank Sector Weight
1 Financials 7.25%
2 Energy 4.65%
3 Industrials 3.29%
4 Technology 1.27%
5 Healthcare 0.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAX
1
abrdn Asia-Pacific Income Fund
FAX
$594M
$51.7M 8.86%
1,816,197
-22,723
-1% -$661K
PCI
2
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$46.3M 7.95%
2,024,891
-46,201
-2% -$1.04M
EMD
3
Western Asset Emerging Markets Debt Fund
EMD
$613M
$45.9M 7.88%
3,161,987
-41,799
-1% -$632K
DSL
4
DoubleLine Income Solutions Fund
DSL
$1.22B
$40.1M 6.87%
1,994,718
-8,801
-0.4% -$177K
AWF
5
AllianceBernstein Global High Income Fund
AWF
$871M
$31.7M 5.44%
2,667,806
-56,142
-2% -$686K
CEM
6
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$25.6M 4.38%
405,943
+6,274
+2% +$482K
RNP icon
7
Cohen & Steers REIT and Preferred and Income Fund
RNP
$990M
$24.3M 4.16%
1,298,158
-378,051
-23% -$7.22M
AMZA icon
8
InfraCap MLP ETF
AMZA
$473M
$23.7M 4.06%
346,323
+36,164
+12% +$2.92M
UTF icon
9
Cohen & Steers Infrastructure Fund
UTF
$3.1B
$21.9M 3.75%
1,022,158
-1,046
-0.1% -$23.4K
AMLP icon
10
Alerian MLP ETF
AMLP
$13B
$20.3M 3.48%
432,539
+44,878
+12% +$2.4M
JGH icon
11
Nuveen Global High Income Fund
JGH
$350M
$17.9M 3.06%
1,108,124
+11,396
+1% +$188K
ARCC icon
12
Ares Capital
ARCC
$13.6B
$17.4M 2.98%
1,095,867
-11,530
-1% -$183K
MAIN icon
13
Main Street Capital
MAIN
$5.12B
$15.2M 2.6%
411,498
-10,246
-2% -$384K
GMLP
14
DELISTED
Golar LNG Partners LP
GMLP
$15M 2.58%
878,054
-2,882
-0.3% -$59.3K
CBA
15
DELISTED
ClearBridge American Energy MLP
CBA
$11.7M 2.01%
1,717,204
+322,998
+23% +$2.67M
BTZ icon
16
BlackRock Credit Allocation Income Trust
BTZ
$931M
$10.6M 1.81%
835,140
-13,279
-2% -$171K
EMO
17
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.03B
$8.58M 1.47%
174,668
+16,807
+11% +$981K
CG icon
18
Carlyle Group
CG
$16.1B
$8.12M 1.39%
380,076
-8,081
-2% -$190K
HEP
19
DELISTED
Holly Energy Partners, L.P.
HEP
$6.73M 1.16%
244,259
+3,810
+2% +$116K
DCP
20
DELISTED
DCP Midstream, LP
DCP
$5.9M 1.01%
168,017
+8,020
+5% +$305K
ANDX
21
DELISTED
Andeavor Logistics LP
ANDX
$5M 0.86%
+111,663
New +$5.45M
TXN icon
22
Texas Instruments
TXN
$249B
$4.59M 0.79%
44,208
-1,667
-4% -$180K
GLOP
23
DELISTED
GASLOG PARTNERS LP
GLOP
$3.77M 0.65%
+161,918
New +$3.86M
BPL
24
DELISTED
Buckeye Partners, L.P.
BPL
$3.66M 0.63%
97,927
+7,528
+8% +$366K
VTA
25
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$2.01M 0.35%
171,670
-552
-0.3% -$6.48K
1
2 3

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McGowan Group Asset Management's Q1 2018 Portfolio in Review

As of Q1 2018, McGowan Group Asset Management held 104 positions worth $583M, down 6.1% from $621M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

McGowan Group Asset Management withdrew a net $57.9M in Q1 2018, closing 4 positions and reducing 29 holdings. Its most notable exit was Goldman Sachs BDC, an estimated $1.27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.2% of assets, down from 7.4% a quarter earlier, followed by Energy and Industrials.

Against the trend, McGowan Group Asset Management opened a new position in Andeavor Logistics LP worth $5M.

  • McGowan Group Asset Management's largest Q1 2018 buy was Andeavor Logistics LP: 111,663 shares worth $5M.
  • McGowan Group Asset Management added most to InfraCap MLP ETF in Q1 2018, an estimated $2.92M increase.
  • McGowan Group Asset Management's biggest Q1 2018 reduction was Cohen & Steers REIT and Preferred and Income Fund, cutting an estimated $7.22M.
  • McGowan Group Asset Management fully exited Goldman Sachs BDC in Q1 2018, selling an estimated $1.27M.
  • McGowan Group Asset Management's ten largest holdings make up 58% of its $583M portfolio in Q1 2018.
  • McGowan Group Asset Management opened 6 new positions and closed 4 in Q1 2018.
  • McGowan Group Asset Management's portfolio value fell 6.1% quarter-over-quarter to $583M.

Based on McGowan Group Asset Management's 13F filing for Q1 2018, filed 14 May 2018.