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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
+1.6%
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
$601M
AUM Growth
+$8.37M
(+1.4%)
Cap. Flow
-$52.5M
Cap. Flow
% of AUM
-8.74%
Top 10 Holdings %
Top 10 Hldgs %
56.31%
Holding
112
New
7
Increased
33
Reduced
24
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enterprise Products Partners
EPD
|
+$9.22M |
| 2 |
Cheniere Energy
CQP
|
+$3.97M |
| 3 |
GLOP
GASLOG PARTNERS LP
GLOP
|
+$3.17M |
| 4 |
TEI
Templeton Emerging Markets Income Fund
TEI
|
+$2.62M |
| 5 |
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
|
+$1.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$36M |
| 2 |
NDRO
Enduro Royalty Trust
NDRO
|
+$958K |
| 3 |
SJT
San Juan Basin Royalty Trust
SJT
|
+$575K |
| 4 |
Cohen & Steers REIT and Preferred and Income Fund
RNP
|
+$434K |
| 5 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$360K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 7.43% |
| 2 | Financials | 7.41% |
| 3 | Industrials | 3.39% |
| 4 | Technology | 1.2% |
| 5 | Healthcare | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FAX
1
abrdn Asia-Pacific Income Fund
FAX
$595M
| $45.1M | 7.51% |
1,815,904
+5,151
| +0.3% | +$131K |
|
|
EMD
2
Western Asset Emerging Markets Debt Fund
EMD
$613M
| $42.5M | 7.08% |
3,167,828
+14,055
| +0.4% | +$190K |
|
|
DSL
3
DoubleLine Income Solutions Fund
DSL
$1.23B
| $39.8M | 6.62% |
1,969,232
-17,788
| -0.9% | -$360K |
|
|
AWF
4
AllianceBernstein Global High Income Fund
AWF
$871M
| $32.5M | 5.41% |
2,787,141
+82,278
| +3% | +$955K |
|
|
CEM
5
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
| $30.1M | 5.02% |
414,821
-508
| -0.1% | -$37.3K |
|
6
InfraCap MLP ETF
AMZA
$467M
| $26.9M | 4.48% |
361,410
+5,828
| +2% | +$450K |
|
|
7
Cohen & Steers REIT and Preferred and Income Fund
RNP
$996M
| $24.7M | 4.11% |
1,265,397
-22,060
| -2% | -$434K |
|
8
Alerian MLP ETF
AMLP
$12.9B
| $23.7M | 3.95% |
444,357
+1,504
| +0.3% | +$81.1K |
|
9
Cohen & Steers Infrastructure Fund
UTF
$3.11B
| $23M | 3.83% |
1,038,786
+3,380
| +0.3% | +$78.2K |
|
10
Ares Capital
ARCC
$13.7B
| $18.8M | 3.12% |
1,091,434
-890
| -0.1% | -$15.3K |
|
11
Nuveen Global High Income Fund
JGH
$349M
| $17.9M | 2.97% |
1,145,414
+23,167
| +2% | +$363K |
|
12
Main Street Capital
MAIN
$5.14B
| $15.5M | 2.58% |
402,925
-3,697
| -0.9% | -$146K |
|
|
CBA
13
DELISTED
ClearBridge American Energy MLP
CBA
| $15.3M | 2.55% |
1,949,467
+125,829
| +7% | +$1M |
|
|
GMLP
14
DELISTED
Golar LNG Partners LP
GMLP
| $12.6M | 2.1% |
879,277
-3,823
| -0.4% | -$56.1K |
|
|
PCI
15
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $12.3M | 2.05% |
511,612
-1,494,115
| -74% | -$36M |
|
|
EMO
16
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.02B
| $12M | 2% |
210,794
+20,855
| +11% | +$1.2M |
|
17
BlackRock Credit Allocation Income Trust
BTZ
$933M
| $10.3M | 1.72% |
845,438
+22,951
| +3% | +$281K |
|
|
18
Enterprise Products Partners
EPD
$83.6B
| $9.4M | 1.57% |
327,203
+319,057
| +3,917% | +$9.22M |
|
19
Carlyle Group
CG
$16.7B
| $8.43M | 1.4% |
373,883
-5,034
| -1% | -$118K |
|
|
HEP
20
DELISTED
Holly Energy Partners, L.P.
HEP
| $7.91M | 1.32% |
251,443
+5,597
| +2% | +$170K |
|
|
GLOP
21
DELISTED
GASLOG PARTNERS LP
GLOP
| $7.43M | 1.24% |
297,140
+129,586
| +77% | +$3.17M |
|
|
DCP
22
DELISTED
DCP Midstream, LP
DCP
| $6.95M | 1.16% |
175,526
+5,344
| +3% | +$225K |
|
|
23
Cheniere Energy
CQP
$31B
| $5.44M | 0.91% |
137,949
+105,125
| +320% | +$3.97M |
|
|
ANDX
24
DELISTED
Andeavor Logistics LP
ANDX
| $5.42M | 0.9% |
111,636
-303
| -0.3% | -$14.2K |
|
25
Texas Instruments
TXN
$253B
| $4.22M | 0.7% |
39,308
-1,600
| -4% | -$178K |
|
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McGowan Group Asset Management's Q3 2018 Portfolio in Review
As of Q3 2018, McGowan Group Asset Management held 112 positions worth $601M, up 1.4% from $592M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
McGowan Group Asset Management withdrew a net $52.5M in Q3 2018, closing 6 positions and reducing 24 holdings. Its most notable exit was Enduro Royalty Trust, an estimated $958K position sold in full.
By sector, the portfolio is most concentrated in Energy at 7.4% of assets, up from 5.1% a quarter earlier, followed by Financials and Industrials.
Against the trend, McGowan Group Asset Management opened a new position in Templeton Emerging Markets Income Fund worth $2.56M.
- McGowan Group Asset Management's largest Q3 2018 buy was Templeton Emerging Markets Income Fund: 255,924 shares worth $2.56M.
- McGowan Group Asset Management added most to Enterprise Products Partners in Q3 2018, an estimated $9.22M increase.
- McGowan Group Asset Management's biggest Q3 2018 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $36M.
- McGowan Group Asset Management fully exited Enduro Royalty Trust in Q3 2018, selling an estimated $958K.
- McGowan Group Asset Management's ten largest holdings make up 56% of its $601M portfolio in Q3 2018.
- McGowan Group Asset Management opened 7 new positions and closed 6 in Q3 2018.
- McGowan Group Asset Management's portfolio value rose 1.4% quarter-over-quarter to $601M.
Based on McGowan Group Asset Management's 13F filing for Q3 2018, filed 13 Nov 2018.