McGowan Group Asset Management, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), McGowan Group Asset Management, Inc. reported 111 stock positions worth $734.1 million. Its top holding was General MNY MKT Fund at 16.8% of the portfolio, followed by Nuveen Global High Income (JGH, 6.5%) and Alliancebernstein GL Hi (XAWFX, 5.6%). Compared with Q3 2024, it opened 14 new positions, sold out of 13, added to 52 and reduced 28. The biggest buy was General MNY MKT Fund (shares +59%) and the biggest sale an exit from Novo-Nordisk A/S-Spons ADR (NVO).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001633227
Portfolio Value
$734.1M (Q4 2024)
SEC Filing
0001633227-25-000001 ↗ filed Feb 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $678.1M Q1 2024 Q2 2024: $703.5M Q2 2024 Q3 2024: $745.3M Q3 2024 Q4 2024: $734.1M $734.1M Q4 2024 Q1 2025: $743.7M Q1 2025 Q2 2025: $782.8M Q2 2025 Q3 2025: $799.0M Q3 2025 Q4 2025: $798.8M Q4 2025 Q1 2026: $784.9M Q1 2026 Q2 2026: $822.7M Q2 2026

Holdings 111 stocks · $734.1M
GENERAL MNY MKT FUND 16.83% 123,524,911 $123.5M Add +58.9%
JGH Nuveen Global High Income 6.52% 3,729,761 $47.9M Reduce -6.9%
XAWFX Alliancebernstein GL Hi Inc. 5.57% 3,812,964 $40.9M Reduce -21.4%
DSL Doubleline Income Solutions 5.48% 3,198,404 $40.2M Reduce -9.9%
HYT BlackRock Corp. Hi YLD 4.47% 3,341,796 $32.8M Reduce -18.7%
UTF Cohen & Steers Infrastructur 4.37% 1,335,895 $32.1M Add +0.9%
XOM Exxon Mobil Corp. 3.78% 258,194 $27.8M Reduce -0.9%
ARCC Ares Capital Corp. 3.11% 1,042,586 $22.8M Add +0.4%
PAGP Plains GP Holdings LP 2.83% 1,130,891 $20.8M Add +0.8%
XEVTX Eaton Vance Tax-Adv DVD Inc. 2.74% 836,447 $20.1M Reduce -0.4%
LLY Eli Lilly & Co. 2.29% 21,778 $16.8M Reduce -0.1%
ET Energy Transfer LP 2.28% 854,579 $16.7M Add +0.6%
MMM 3M Co. 2.25% 128,166 $16.5M Reduce -1.0%
DELL Dell Technologies -C 2.10% 133,736 $15.4M Add +0.4%
BWXT BWX Technologies Inc. 1.94% 127,534 $14.2M Add +1.8%
UNM Unum Group 1.91% 192,299 $14.0M Reduce -32.9%
GSST Goldman Sachs Ultra Short Bo 1.87% 273,013 $13.7M Add +1.0%
CSQ Calamos Strat TTL RTRN FND 1.82% 753,506 $13.3M Add +1.7%
CQP Cheniere Energy Partners LP 1.73% 239,305 $12.7M Add +0.3%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 1.72% 1,119,056 $12.6M Add +20.1%
NAD Nuveen Quality Municipal Inc. 1.72% 1,081,837 $12.6M Add +19.9%
MRK Merck & Co. Inc. 1.60% 118,102 $11.7M Add +0.6%
EPD Enterprise Products Partners 1.57% 366,782 $11.5M Add +0.2%
ETG Eaton Vance T/A GL DVD Incm 1.55% 624,930 $11.4M Add +0.4%
EBAY eBay Inc. 1.33% 157,080 $9.7M Reduce -0.7%
V Visa Inc. Class A 1.11% 25,780 $8.1M Add +1.0%
MSFT Microsoft Corp. 1.01% 17,567 $7.4M Add +2.4%
TOST Toast Inc. Class A 0.93% 187,632 $6.8M Add +1.1%
GOOGL Alphabet Inc. Class A 0.84% 32,670 $6.2M Add +5.8%
JAZZ Jazz Pharmaceuticals PLC 0.82% 48,994 $6.0M New
CVX Chevron Corp. 0.80% 40,313 $5.8M Add +0.1%
AAPL Apple Inc. 0.71% 20,915 $5.2M Reduce -0.4%
TXN Texas Instruments Inc. 0.68% 26,728 $5.0M Reduce -25.2%
AMZN Amazon.com Inc. 0.63% 21,218 $4.7M Add +5.2%
FANG Diamondback Energy Inc. 0.63% 28,302 $4.6M Add +0.1%
NVG Nuveen Amt-FR Muni CRDT 0.58% 349,365 $4.3M Add +26.5%
NZF Nuveen Municipal Credit Inc. 0.54% 323,328 $3.9M Add +39.0%
KYN Kayne Anderson Energy Infra 0.53% 306,526 $3.9M Reduce -0.8%
DDOG Datadog Inc. Class A 0.48% 24,803 $3.5M New
ENVX Enovix Corp. 0.43% 293,696 $3.2M Add +12.7%
PG The Procter & Gamble Co. 0.39% 17,071 $2.9M Reduce -0.0%
PANW Palo Alto Networks Inc. 0.36% 14,652 $2.7M New
STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN 0.30% 759,913 $2.2M New
LNG Cheniere Energy Inc. 0.20% 6,690 $1.4M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 3,169 $1.4M Add +50.4%
MA Mastercard Inc. Class A 0.18% 2,443 $1.3M Reduce -0.3%
ENPH Enphase Energy Inc. 0.16% 16,670 $1.1M Add +1.9%
PLTR Palantir Technologies Inc. Class A 0.15% 14,933 $1.1M Add +131.2%
WMT Walmart Inc. 0.14% 11,367 $1.0M Add +17.5%
DE Deere & Co. 0.13% 2,166 $918K Reduce -0.5%
AMLP Alerian MLP ETF 0.12% 18,150 $874K Add +0.0%
THQ Abrdn Healthcare Opport 0.12% 46,069 $869K Add +0.3%
MO Altria Group Inc. 0.11% 15,872 $830K Add +6.2%
COP Conocophillips 0.11% 8,155 $809K Add +25.2%
NVDA Nvidia Corp. 0.11% 6,008 $807K Reduce -14.0%
PM Philip Morris International 0.10% 6,279 $756K Add +0.0%
ACN Accenture PLC Class A 0.10% 2,138 $752K No change
SOUN Soundhound AI Inc. Class A 0.10% 37,597 $746K New
F Ford Motor Co. filed as FORD MTR CO 0.09% 70,405 $697K Add +3.1%
APH Amphenol Corp. Class A 0.09% 9,973 $693K Add +0.1%
JNJ Johnson & Johnson 0.09% 4,638 $671K Reduce -10.6%
RLGT Radiant Logistics Inc. 0.09% 100,000 $670K New
ORCL Oracle Corp. 0.09% 3,893 $649K Add +0.0%
KLAC KLA Corp. 0.08% 940 $592K No change
META Meta Platforms Inc. Class A 0.08% 998 $584K Reduce -12.2%
VZ Verizon Communications Inc. 0.08% 14,466 $578K Reduce -27.5%
CAT Caterpillar Inc. 0.08% 1,587 $576K Add +16.4%
CG The Carlyle Group Inc. 0.08% 11,148 $563K Reduce -0.8%
CINF Cincinnati Financial Corp. 0.07% 3,787 $544K No change
ALL Allstate Corp. 0.07% 2,798 $539K Add +35.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 2,426 $533K Add +18.7%
VOC Voc Energy Trust 0.07% 105,157 $503K Add +1.1%
CW Curtiss-Wright Corp. 0.07% 1,375 $488K No change
TSLA Tesla Inc. 0.06% 1,159 $468K Reduce -22.3%
AMAT Applied Materials Inc. 0.06% 2,868 $466K No change
CI The Cigna Group 0.06% 1,585 $438K Add +0.1%
NOC Northrop Grumman Corp. 0.06% 900 $422K No change
WMB Williams Cos Inc. 0.06% 7,671 $415K Add +0.7%
VTI VG Morningstar TS MKT ETF-US 0.06% 1,405 $407K New
RTX RTX Corp. 0.06% 3,511 $406K Add +0.1%
DLR Digital Realty Trust Inc. 0.05% 2,230 $395K No change
PR Permian Resources Corp. Class A 0.05% 27,223 $391K Add +32.5%
JPM JPMorgan Chase & Co. 0.05% 1,629 $390K Reduce -1.1%
UNH Unitedhealth Group Inc. 0.05% 763 $386K Reduce -16.1%
SO The Southern Co. 0.05% 4,680 $385K Add +0.0%
QCOM Qualcomm Inc. 0.05% 2,479 $381K Reduce -0.7%
IUSV iShares Core S&P U.S. Value 0.05% 3,822 $354K Add +3.8%
FCX Freeport-McMoran Inc. 0.05% 9,262 $353K No change
DUK Duke Energy Corp. 0.05% 3,076 $331K Add +0.1%
HMC Honda Motor Co. Ltd.-Spons ADR 0.04% 10,727 $306K Reduce -4.6%
CSCO Cisco Systems Inc. 0.04% 4,957 $293K Add +0.2%
PEP Pepsico Inc. 0.04% 1,900 $289K Reduce -8.0%
ITW Illinois Tool Works 0.04% 1,115 $283K No change
LOW Lowe's Cos Inc. 0.04% 1,134 $280K No change
ULCC Frontier Group Holdings Inc. 0.04% 39,000 $277K No change
GOOG Alphabet Inc. Class C 0.04% 1,386 $264K New
CRK Comstock Resources Inc. 0.03% 13,845 $252K New
GT Goodyear Tire & Rubber Co. 0.03% 27,366 $246K No change
PCT Purecycle Technologies Inc. 0.03% 23,478 $241K No change
TPZ Tort Electf Infra ETF-Usd Inc. filed as TORTOISE CAPITAL SERIES TRUS 0.03% 11,880 $238K New

Show all 111 holdings

Other holdings (13): bonds, preferreds, convertibles and warrants · $12.9M (not counted above)
SecurityClassShares / PrincipalValueChange
PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT MUNICIPAL BOND · principal 4,960,000$3.2MNo change
PIMA CNTY ARIZ INDL DEV AUTH ED REV REV BDS GRIFFIN FOUNDATION 2008 A MUNICIPAL BOND · principal 3,030,000$3.0MNo change
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC MUNICIPAL BOND · principal 1,600,000$1.6MNo change
FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 MUNICIPAL BOND · principal 1,725,000$1.4MNo change
TULANE UNIV LA RFDG-TULANE UNIV-C 0.523 02/15/36 B/E DTD 05/31/07 CLB MUNICIPAL BOND · principal 705,000$652KNo change
NORTH TEX TWY AUTH REV SYS REF BDS B 5.000 01/01/43 B/E DTD 11/01/17 CL MUNICIPAL BOND · principal 550,000$559KNo change
US TREASURY N/B (T 2.75 08/31/25) FIXED · principal 485,000$480KNo change
PIMA CNTY ARIZ INDL DEV AUTH ED REV REV BDS GRIFFIN FOUNDATION 2008 B MUNICIPAL BOND · principal 475,000$468KNo change
FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 MUNICIPAL BOND · principal 540,000$412KNo change
US TREASURY N/B (T 4.25 10/15/25) TREASURY · principal 330,000$330KNo change
SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV TOBACCO MUNICIPAL BOND · principal 3,500,000$325KNo change
NORTH TEX TWY AUTH REV REF BDS 2015 B 5.00 01/01/45 B/E DTD 09/24/15 MUNICIPAL BOND · principal 250,000$250KNo change
TOBACCO SETTLEMENT FING CORP VA ASSET BACKED BDS 2007C MUNICIPAL BOND · principal 830,000$231KNo change

Total filed on the 13F, all lines: $747.0M.

Portfolio Sells Q3 2024 → Q4 2024
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −2.53
ABBV Abbvie Inc. Sold out 0.00% −2.02
XAWFX Alliancebernstein GL Hi Inc. Reduce -21.4% 5.57% −1.80
HYT BlackRock Corp. Hi YLD Reduce -18.7% 4.47% −1.08
DSL Doubleline Income Solutions Reduce -9.9% 5.48% −0.71
JGH Nuveen Global High Income Reduce -6.9% 6.52% −0.67
IIPR Innovative Industrial Proper Sold out 0.00% −0.49
UNM Unum Group Reduce -32.9% 1.91% −0.37
XOM Exxon Mobil Corp. Reduce -0.9% 3.78% −0.32
TXN Texas Instruments Inc. Reduce -25.2% 0.68% −0.31
LLY Eli Lilly & Co. Reduce -0.1% 2.29% −0.30
DHR Danaher Corp. Sold out 0.00% −0.12
MMM 3M Co. Reduce -1.0% 2.25% −0.12
EBAY eBay Inc. Reduce -0.7% 1.33% −0.06
XEVTX Eaton Vance Tax-Adv DVD Inc. Reduce -0.4% 2.74% −0.04
VZ Verizon Communications Inc. Reduce -27.5% 0.08% −0.04
SWN Southwestern Energy Co. Sold out 0.00% −0.04
PFE Pfizer Inc. Sold out 0.00% −0.03
MELI MercadoLibre Inc. Sold out 0.00% −0.03
CL Colgate-Palmolive Co. Sold out 0.00% −0.03
PVL Permianville Royalty Trust Sold out 0.00% −0.03
XTPZX Tortoise Power & Enrgy Infra Sold out 0.00% −0.03
GEHC GE Healthcare Technology Sold out 0.00% −0.03
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.03
HAL Halliburton Co. Sold out 0.00% −0.03
JNJ Johnson & Johnson Reduce -10.6% 0.09% −0.02
UNH Unitedhealth Group Inc. Reduce -16.1% 0.05% −0.02
PEP Pepsico Inc. Reduce -8.0% 0.04% −0.01
META Meta Platforms Inc. Class A Reduce -12.2% 0.08% −0.01
NKE Nike Inc. Class B Reduce -6.9% 0.03% −0.01
PG The Procter & Gamble Co. Reduce -0.0% 0.39% −0.01
HMC Honda Motor Co. Ltd.-Spons ADR Reduce -4.6% 0.04% −0.01
QCOM Qualcomm Inc. Reduce -0.7% 0.05% −0.01
NVDA Nvidia Corp. Reduce -14.0% 0.11% −0.00
DE Deere & Co. Reduce -0.5% 0.13% +0.00
JPM JPMorgan Chase & Co. Reduce -1.1% 0.05% +0.01
TSLA Tesla Inc. Reduce -22.3% 0.06% +0.01
CG The Carlyle Group Inc. Reduce -0.8% 0.08% +0.01
MA Mastercard Inc. Class A Reduce -0.3% 0.18% +0.01
AAPL Apple Inc. Reduce -0.4% 0.71% +0.06
KYN Kayne Anderson Energy Infra Reduce -0.8% 0.53% +0.07

Portfolio Buys Q3 2024 → Q4 2024
GENERAL MNY MKT FUND Add +58.9% 16.83% +6.39
JAZZ Jazz Pharmaceuticals PLC New 0.82% +0.82
DDOG Datadog Inc. Class A New 0.48% +0.48
ET Energy Transfer LP Add +0.6% 2.28% +0.45
PANW Palo Alto Networks Inc. New 0.36% +0.36
STKS One Group Hospitality Inc. New 0.30% +0.30
TOST Toast Inc. Class A Add +1.1% 0.93% +0.23
XNEAX Nuveen Amt-FR QLTY Muni Inc. Add +20.1% 1.72% +0.22
NAD Nuveen Quality Municipal Inc. Add +19.9% 1.72% +0.22
ARCC Ares Capital Corp. Add +0.4% 3.11% +0.19
CQP Cheniere Energy Partners LP Add +0.3% 1.73% +0.17
V Visa Inc. Class A Add +1.0% 1.11% +0.17
GOOGL Alphabet Inc. Class A Add +5.8% 0.84% +0.16
EPD Enterprise Products Partners Add +0.2% 1.57% +0.14
AMZN Amazon.com Inc. Add +5.2% 0.63% +0.13
NZF Nuveen Municipal Credit Inc. Add +39.0% 0.54% +0.13
PLTR Palantir Technologies Inc. Class A Add +131.2% 0.15% +0.12
ENVX Enovix Corp. Add +12.7% 0.43% +0.11
BWXT BWX Technologies Inc. Add +1.8% 1.94% +0.11
SOUN Soundhound AI Inc. Class A New 0.10% +0.10
CSQ Calamos Strat TTL RTRN FND Add +1.7% 1.82% +0.09
RLGT Radiant Logistics Inc. New 0.09% +0.09
NVG Nuveen Amt-FR Muni CRDT Add +26.5% 0.58% +0.09
BRK.B Berkshire Hathaway Inc. Class B Add +50.4% 0.20% +0.07
VTI VG Morningstar TS MKT ETF-US New 0.06% +0.06
PAGP Plains GP Holdings LP Add +0.8% 2.83% +0.05
GOOG Alphabet Inc. Class C New 0.04% +0.04
WMT Walmart Inc. Add +17.5% 0.14% +0.04
LNG Cheniere Energy Inc. Add +0.1% 0.20% +0.03
CRK Comstock Resources Inc. New 0.03% +0.03
TPZ Tort Electf Infra ETF-Usd Inc. New 0.03% +0.03
EXE Expand Energy Corp. New 0.03% +0.03
GSST Goldman Sachs Ultra Short Bo Add +1.0% 1.87% +0.03
OKE Oneok Inc. New 0.03% +0.03
COST Costco Wholesale Corp. New 0.03% +0.03
VGT Vanguard Info Tech ETF New 0.03% +0.03
ALL Allstate Corp. Add +35.9% 0.07% +0.02
MSFT Microsoft Corp. Add +2.4% 1.01% +0.02
COP Conocophillips Add +25.2% 0.11% +0.02
PR Permian Resources Corp. Class A Add +32.5% 0.05% +0.02
IBM Intl Business Machines Corp. Add +18.7% 0.07% +0.01
MO Altria Group Inc. Add +6.2% 0.11% +0.01
WMB Williams Cos Inc. Add +0.7% 0.06% +0.01
APH Amphenol Corp. Class A Add +0.1% 0.09% +0.01
CAT Caterpillar Inc. Add +16.4% 0.08% +0.01
CSCO Cisco Systems Inc. Add +0.2% 0.04% +0.00
AMLP Alerian MLP ETF Add +0.0% 0.12% +0.00
IUSV iShares Core S&P U.S. Value Add +3.8% 0.05% +0.00
PM Philip Morris International Add +0.0% 0.10% +0.00
CVX Chevron Corp. Add +0.1% 0.80% −0.00

Notes & Other Activity Q3 2024 → Q4 2024
US TREASURY N/B (T 4.375 10/31/24) FIX · principal Sold out 322,000 $322Kbefore exit
US TREASURY N/B (T 1.5 11/30/24) FIX · principal Sold out 281,000 $279Kbefore exit
UNITED STATES TREAS NTS 2.250 10/31/24 B/E DTD 10/31/17 TREASURY NOTE · principal Sold out 250,000 $249Kbefore exit
CHICAGO ILL O HARE INTL ARPT REV REV REF BDS 2012B 5.000 01/01/31 B MUNICIPAL BOND · principal Sold out 200,000 $200Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 151$822.7MJGH, HYT, UTF, XAWFX, DELL
Q1 2026 150$784.9MJGH, XOM, HYT, XAWFX, UTF
Q4 2025 118$798.8MGENERAL MNY MKT FUND, JGH, XAWFX, HYT, UTF
Q3 2025 112$799.0MGENERAL MNY MKT FUND, JGH, XAWFX, HYT, DSL
Q2 2025 114$782.8MGENERAL MNY MKT FUND, JGH, XAWFX, DSL, HYT
Q1 2025 112$743.7MGENERAL MNY MKT FUND, JGH, XAWFX, DSL, UTF
Q4 2024 111$734.1MGENERAL MNY MKT FUND, JGH, XAWFX, DSL, HYT
Q3 2024 110$745.3MGENERAL MNY MKT FUND, XAWFX, JGH, DSL, HYT
Q2 2024 102$703.5MGENERAL MNY MKT FUND, JGH, XAWFX, DSL, HYT
Q1 2024 107$678.1MXAWFX, JGH, DSL, HYT, GENERAL MNY MKT FUND