McGowan Group Asset Management, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), McGowan Group Asset Management, Inc. reported 112 stock positions worth $743.7 million. Its top holding was General MNY MKT Fund at 14.6% of the portfolio, followed by Nuveen Global High Income (JGH, 6.5%) and Alliancebernstein GL Hi (XAWFX, 5.5%). Compared with Q4 2024, it opened 9 new positions, sold out of 8, added to 51 and reduced 41. The biggest buy was a new position in British American Tob-SP ADR (BTI) and the biggest sale General MNY MKT Fund (shares −12%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001633227
Portfolio Value
$743.7M (Q1 2025)
SEC Filing
0001633227-25-000002 ↗ filed May 15, 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 Q4 2024 Q1 2025: $743.7M $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 112 stocks · $743.7M
GENERAL MNY MKT FUND 14.63% 108,767,457 $108.8M Reduce -11.9%
JGH Nuveen Global High Income 6.52% 3,706,721 $48.5M Reduce -0.6%
XAWFX Alliancebernstein GL Hi Inc. 5.48% 3,794,866 $40.7M Reduce -0.5%
DSL Doubleline Income Solutions 5.41% 3,190,110 $40.2M Reduce -0.3%
UTF Cohen & Steers Infrastructur 4.56% 1,327,275 $33.9M Reduce -0.7%
HYT BlackRock Corp. Hi YLD 4.29% 3,333,319 $31.9M Reduce -0.3%
XOM Exxon Mobil Corp. 4.11% 256,705 $30.5M Reduce -0.6%
ARCC Ares Capital Corp. 3.41% 1,144,321 $25.4M Add +9.8%
PAGP Plains GP Holdings LP 3.38% 1,177,498 $25.2M Add +4.1%
BTI British American Tob-SP ADR 3.04% 546,454 $22.6M New
XEVTX Eaton Vance Tax-Adv DVD Inc. 2.59% 829,188 $19.3M Reduce -0.9%
MMM 3M Co. 2.51% 127,243 $18.7M Reduce -0.7%
LLY Eli Lilly & Co. 2.42% 21,808 $18.0M Add +0.1%
ET Energy Transfer LP 2.13% 853,063 $15.9M Reduce -0.2%
CQP Cheniere Energy Partners LP 2.12% 238,507 $15.8M Reduce -0.3%
UNM Unum Group 2.09% 191,169 $15.6M Reduce -0.6%
GSST Goldman Sachs Ultra Short Bo 2.03% 299,011 $15.1M Add +9.5%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 1.75% 1,163,957 $13.0M Add +4.0%
NAD Nuveen Quality Municipal Inc. 1.74% 1,125,271 $13.0M Add +4.0%
EPD Enterprise Products Partners 1.69% 368,254 $12.6M Add +0.4%
BWXT BWX Technologies Inc. 1.69% 127,348 $12.6M Reduce -0.1%
CSQ Calamos Strat TTL RTRN FND 1.64% 753,522 $12.2M Add +0.0%
DELL Dell Technologies -C 1.59% 130,031 $11.9M Reduce -2.8%
ETG Eaton Vance T/A GL DVD Incm 1.52% 620,329 $11.3M Reduce -0.7%
EBAY eBay Inc. 1.42% 156,012 $10.6M Reduce -0.7%
V Visa Inc. Class A 1.17% 24,922 $8.7M Reduce -3.3%
CVX Chevron Corp. 0.92% 40,777 $6.8M Add +1.1%
MSFT Microsoft Corp. 0.90% 17,763 $6.7M Add +1.1%
TOST Toast Inc. Class A 0.83% 185,978 $6.2M Reduce -0.9%
JAZZ Jazz Pharmaceuticals PLC 0.80% 48,147 $6.0M Reduce -1.7%
GOOGL Alphabet Inc. Class A 0.67% 32,319 $5.0M Reduce -1.1%
NVG Nuveen Amt-FR Muni CRDT 0.65% 391,038 $4.8M Add +11.9%
TXN Texas Instruments Inc. 0.65% 26,749 $4.8M Add +0.1%
FANG Diamondback Energy Inc. 0.60% 27,898 $4.5M Reduce -1.4%
NZF Nuveen Municipal Credit Inc. 0.60% 364,543 $4.5M Add +12.8%
AAPL Apple Inc. 0.60% 20,044 $4.5M Reduce -4.2%
AMZN Amazon.com Inc. 0.55% 21,566 $4.1M Add +1.6%
KYN Kayne Anderson Energy Infra 0.53% 304,905 $3.9M Reduce -0.5%
PG The Procter & Gamble Co. 0.39% 17,081 $2.9M Add +0.1%
EXE Expand Energy Corp. 0.35% 23,547 $2.6M Add +894.8%
STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN 0.34% 838,335 $2.5M Add +10.3%
DDOG Datadog Inc. Class A 0.33% 24,742 $2.5M Reduce -0.3%
PANW Palo Alto Networks Inc. 0.33% 14,379 $2.5M Reduce -1.9%
ENVX Enovix Corp. 0.29% 296,476 $2.2M Add +0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 3,185 $1.7M Add +0.5%
LNG Cheniere Energy Inc. 0.21% 6,841 $1.6M Add +2.3%
MA Mastercard Inc. Class A 0.19% 2,517 $1.4M Add +3.0%
PLTR Palantir Technologies Inc. Class A 0.17% 15,275 $1.3M Add +2.3%
PM Philip Morris International 0.14% 6,390 $1.0M Add +1.8%
DE Deere & Co. 0.13% 2,013 $945K Reduce -7.1%
MO Altria Group Inc. 0.13% 15,614 $937K Reduce -1.6%
WMT Walmart Inc. 0.12% 10,556 $927K Reduce -7.1%
THQ Abrdn Healthcare Opport 0.12% 43,448 $897K Reduce -5.7%
COP Conocophillips 0.11% 7,595 $798K Reduce -6.9%
AMLP Alerian MLP ETF 0.11% 15,233 $791K Reduce -16.1%
NVDA Nvidia Corp. 0.10% 7,136 $773K Add +18.8%
JNJ Johnson & Johnson 0.10% 4,630 $768K Reduce -0.2%
RLGT Radiant Logistics Inc. 0.10% 119,113 $733K Add +19.1%
F Ford Motor Co. filed as FORD MTR CO 0.09% 68,479 $687K Reduce -2.7%
ACN Accenture PLC Class A 0.09% 2,138 $667K No change
VZ Verizon Communications Inc. 0.09% 14,640 $664K Add +1.2%
APH Amphenol Corp. Class A 0.09% 9,976 $654K Add +0.0%
ALL Allstate Corp. 0.09% 3,093 $640K Add +10.5%
KLAC KLA Corp. 0.09% 940 $639K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 2,426 $603K No change
META Meta Platforms Inc. Class A 0.08% 1,033 $595K Add +3.5%
CINF Cincinnati Financial Corp. 0.08% 3,787 $559K No change
ORCL Oracle Corp. 0.07% 3,909 $546K Add +0.4%
CAT Caterpillar Inc. 0.07% 1,589 $524K Add +0.1%
CI The Cigna Group 0.07% 1,586 $522K Add +0.1%
CG The Carlyle Group Inc. 0.07% 11,163 $487K Add +0.1%
WMB Williams Cos Inc. 0.06% 7,880 $471K Add +2.7%
PR Permian Resources Corp. Class A 0.06% 33,623 $466K Add +23.5%
RTX RTX Corp. 0.06% 3,469 $459K Reduce -1.2%
SO The Southern Co. 0.06% 4,756 $437K Add +1.6%
AMAT Applied Materials Inc. 0.06% 2,869 $416K Add +0.0%
CW Curtiss-Wright Corp. 0.05% 1,275 $405K Reduce -7.3%
JPM JPMorgan Chase & Co. 0.05% 1,647 $404K Add +1.1%
UNH Unitedhealth Group Inc. 0.05% 764 $400K Add +0.1%
DUK Duke Energy Corp. 0.05% 3,159 $385K Add +2.7%
FCX Freeport-McMoran Inc. 0.05% 9,975 $378K Add +7.7%
SQQQ Proshares TR 0.05% 9,822 $377K New
VTI VG Morningstar TS MKT ETF-US 0.05% 1,365 $375K Reduce -2.9%
QCOM Qualcomm Inc. 0.05% 2,440 $375K Reduce -1.6%
NOC Northrop Grumman Corp. 0.05% 725 $371K Reduce -19.4%
IUSV iShares Core S&P U.S. Value 0.05% 3,837 $354K Add +0.4%
VOC Voc Energy Trust 0.04% 105,286 $332K Add +0.1%
TSLA Tesla Inc. 0.04% 1,262 $327K Add +8.9%
DLR Digital Realty Trust Inc. 0.04% 2,230 $320K No change
SOUN Soundhound AI Inc. Class A 0.04% 37,597 $305K No change
PEP Pepsico Inc. 0.04% 1,981 $297K Add +4.3%
ITW Illinois Tool Works 0.04% 1,165 $289K Add +4.5%
CSCO Cisco Systems Inc. 0.04% 4,615 $285K Reduce -6.9%
CRK Comstock Resources Inc. 0.04% 13,845 $282K No change
HMC Honda Motor Co. Ltd.-Spons ADR 0.04% 10,224 $277K Reduce -4.7%
AZO AutoZone Inc. 0.04% 72 $275K Add +7.5%
ORLY O'reilly Automotive Inc. 0.04% 188 $269K No change
LOW Lowe's Cos Inc. 0.04% 1,134 $265K No change
MELI MercadoLibre Inc. 0.03% 133 $259K New
GT Goodyear Tire & Rubber Co. 0.03% 27,366 $253K No change

Show all 112 holdings

Other holdings (12): bonds, preferreds, convertibles and warrants · $12.5M (not counted above)
SecurityClassShares / PrincipalValueChange
PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT MUNICIPAL BOND · principal 4,925,000$3.3MReduce -0.7%
PIMA CNTY ARIZ INDL DEV AUTH ED REV REV BDS GRIFFIN FOUNDATION 2008 A MUNICIPAL BOND · principal 2,930,000$2.8MReduce -3.3%
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC MUNICIPAL BOND · principal 1,575,000$1.6MReduce -1.6%
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 660,000$611KReduce -6.4%
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$556KNo change
US TREASURY N/B (T 2.75 08/31/25) FIXED · principal 485,000$482KNo change
PIMA CNTY ARIZ INDL DEV AUTH ED REV REV BDS GRIFFIN FOUNDATION 2008 B MUNICIPAL BOND · principal 475,000$462KNo change
FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 MUNICIPAL BOND · principal 540,000$409KNo 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
TOBACCO SETTLEMENT FING CORP VA ASSET BACKED BDS 2007C MUNICIPAL BOND · principal 830,000$224KNo change

Total filed on the 13F, all lines: $756.2M.

Portfolio Sells Q4 2024 → Q1 2025
GENERAL MNY MKT FUND Reduce -11.9% 14.63% −2.20
MRK Merck & Co. Inc. Sold out 0.00% −1.60
DELL Dell Technologies -C Reduce -2.8% 1.59% −0.51
BWXT BWX Technologies Inc. Reduce -0.1% 1.69% −0.25
HYT BlackRock Corp. Hi YLD Reduce -0.3% 4.29% −0.17
GOOGL Alphabet Inc. Class A Reduce -1.1% 0.67% −0.17
ENPH Enphase Energy Inc. Sold out 0.00% −0.16
DDOG Datadog Inc. Class A Reduce -0.3% 0.33% −0.15
ET Energy Transfer LP Reduce -0.2% 2.13% −0.15
XEVTX Eaton Vance Tax-Adv DVD Inc. Reduce -0.9% 2.59% −0.15
AAPL Apple Inc. Reduce -4.2% 0.60% −0.11
TOST Toast Inc. Class A Reduce -0.9% 0.83% −0.10
XAWFX Alliancebernstein GL Hi Inc. Reduce -0.5% 5.48% −0.10
DSL Doubleline Income Solutions Reduce -0.3% 5.41% −0.07
ULCC Frontier Group Holdings Inc. Sold out 0.00% −0.04
GOOG Alphabet Inc. Class C Sold out 0.00% −0.04
PANW Palo Alto Networks Inc. Reduce -1.9% 0.33% −0.03
PCT Purecycle Technologies Inc. Sold out 0.00% −0.03
ETG Eaton Vance T/A GL DVD Incm Reduce -0.7% 1.52% −0.03
FANG Diamondback Energy Inc. Reduce -1.4% 0.60% −0.03
NKE Nike Inc. Class B Sold out 0.00% −0.03
ADBE Adobe Inc. Sold out 0.00% −0.03
VGT Vanguard Info Tech ETF Sold out 0.00% −0.03
JAZZ Jazz Pharmaceuticals PLC Reduce -1.7% 0.80% −0.02
WMT Walmart Inc. Reduce -7.1% 0.12% −0.02
AMLP Alerian MLP ETF Reduce -16.1% 0.11% −0.01
CW Curtiss-Wright Corp. Reduce -7.3% 0.05% −0.01
NOC Northrop Grumman Corp. Reduce -19.4% 0.05% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -2.9% 0.05% −0.01
KYN Kayne Anderson Energy Infra Reduce -0.5% 0.53% −0.00
HMC Honda Motor Co. Ltd.-Spons ADR Reduce -4.7% 0.04% −0.00
JGH Nuveen Global High Income Reduce -0.6% 6.52% −0.00
COP Conocophillips Reduce -6.9% 0.11% −0.00
F Ford Motor Co. Reduce -2.7% 0.09% −0.00
CSCO Cisco Systems Inc. Reduce -6.9% 0.04% −0.00
QCOM Qualcomm Inc. Reduce -1.6% 0.05% −0.00
DE Deere & Co. Reduce -7.1% 0.13% +0.00
MDLZ Mondelez International Inc. Class A Reduce -4.3% 0.03% +0.00
THQ Abrdn Healthcare Opport Reduce -5.7% 0.12% +0.00
RTX RTX Corp. Reduce -1.2% 0.06% +0.01
JNJ Johnson & Johnson Reduce -0.2% 0.10% +0.01
MO Altria Group Inc. Reduce -1.6% 0.13% +0.01
V Visa Inc. Class A Reduce -3.3% 1.17% +0.06
EBAY eBay Inc. Reduce -0.7% 1.42% +0.10
UNM Unum Group Reduce -0.6% 2.09% +0.18
UTF Cohen & Steers Infrastructur Reduce -0.7% 4.56% +0.19
MMM 3M Co. Reduce -0.7% 2.51% +0.26
XOM Exxon Mobil Corp. Reduce -0.6% 4.11% +0.32
CQP Cheniere Energy Partners LP Reduce -0.3% 2.12% +0.39

Portfolio Buys Q4 2024 → Q1 2025
BTI British American Tob-SP ADR New 3.04% +3.04
PAGP Plains GP Holdings LP Add +4.1% 3.38% +0.55
EXE Expand Energy Corp. Add +894.8% 0.35% +0.32
ARCC Ares Capital Corp. Add +9.8% 3.41% +0.30
GSST Goldman Sachs Ultra Short Bo Add +9.5% 2.03% +0.16
LLY Eli Lilly & Co. Add +0.1% 2.42% +0.13
EPD Enterprise Products Partners Add +0.4% 1.69% +0.12
CVX Chevron Corp. Add +1.1% 0.92% +0.12
NVG Nuveen Amt-FR Muni CRDT Add +11.9% 0.65% +0.07
NZF Nuveen Municipal Credit Inc. Add +12.8% 0.60% +0.06
SQQQ Proshares TR New 0.05% +0.05
STKS One Group Hospitality Inc. Add +10.3% 0.34% +0.04
MELI MercadoLibre Inc. New 0.03% +0.03
XNEAX Nuveen Amt-FR QLTY Muni Inc. Add +4.0% 1.75% +0.03
PM Philip Morris International Add +1.8% 0.14% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.5% 0.23% +0.03
GDX Vaneck Gold Miners ETF New 0.03% +0.03
PDI PIMCO Dynamic Income Fund New 0.03% +0.03
TJX TJX Companies Inc. New 0.03% +0.03
OGE Oge Energy Corp. New 0.03% +0.03
PVL Permianville Royalty Trust New 0.03% +0.03
CB Chubb Ltd. New 0.03% +0.03
NAD Nuveen Quality Municipal Inc. Add +4.0% 1.74% +0.02
PLTR Palantir Technologies Inc. Class A Add +2.3% 0.17% +0.02
LNG Cheniere Energy Inc. Add +2.3% 0.21% +0.02
ALL Allstate Corp. Add +10.5% 0.09% +0.01
CI The Cigna Group Add +0.1% 0.07% +0.01
VZ Verizon Communications Inc. Add +1.2% 0.09% +0.01
MA Mastercard Inc. Class A Add +3.0% 0.19% +0.01
PR Permian Resources Corp. Class A Add +23.5% 0.06% +0.01
AZO AutoZone Inc. Add +7.5% 0.04% +0.01
RLGT Radiant Logistics Inc. Add +19.1% 0.10% +0.01
WMB Williams Cos Inc. Add +2.7% 0.06% +0.01
DUK Duke Energy Corp. Add +2.7% 0.05% +0.01
SO The Southern Co. Add +1.6% 0.06% +0.01
COST Costco Wholesale Corp. Add +9.1% 0.03% +0.00
FCX Freeport-McMoran Inc. Add +7.7% 0.05% +0.00
MCD McDonald's Corp. Add +0.4% 0.03% +0.00
PG The Procter & Gamble Co. Add +0.1% 0.39% +0.00
UNH Unitedhealth Group Inc. Add +0.1% 0.05% +0.00
OKE Oneok Inc. Add +6.8% 0.03% +0.00
JPM JPMorgan Chase & Co. Add +1.1% 0.05% +0.00
PEP Pepsico Inc. Add +4.3% 0.04% +0.00
TPZ Tort Electf Infra ETF-Usd Inc. Add +0.3% 0.03% +0.00
META Meta Platforms Inc. Class A Add +3.5% 0.08% +0.00
ITW Illinois Tool Works Add +4.5% 0.04% +0.00
IUSV iShares Core S&P U.S. Value Add +0.4% 0.05% −0.00
NVDA Nvidia Corp. Add +18.8% 0.10% −0.01
APH Amphenol Corp. Class A Add +0.0% 0.09% −0.01
AMAT Applied Materials Inc. Add +0.0% 0.06% −0.01

Notes & Other Activity Q4 2024 → Q1 2025
PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT MUNICIPAL BOND · principal Reduce -0.7% 4,925,000 $3.3M
PIMA CNTY ARIZ INDL DEV AUTH ED REV REV BDS GRIFFIN FOUNDATION 2008 A MUNICIPAL BOND · principal Reduce -3.3% 2,930,000 $2.8M
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC MUNICIPAL BOND · principal Reduce -1.6% 1,575,000 $1.6M
TULANE UNIV LA RFDG-TULANE UNIV-C 0.523 02/15/36 B/E DTD 05/31/07 CLB MUNICIPAL BOND · principal Reduce -6.4% 660,000 $611K
NORTH TEX TWY AUTH REV REF BDS 2015 B 5.00 01/01/45 B/E DTD 09/24/15 MUNICIPAL BOND · principal Sold out 250,000 $250Kbefore 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