McGowan Group Asset Management, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), McGowan Group Asset Management, Inc. reported 114 stock positions worth $782.8 million. Its top holding was General MNY MKT Fund at 8.3% of the portfolio, followed by Nuveen Global High Income (JGH, 6.2%) and Alliancebernstein GL Hi (XAWFX, 5.4%). Compared with Q1 2025, it opened 7 new positions, sold out of 5, added to 65 and reduced 26. The biggest buy was a new position in United Parcel Service Class B (UPS) and the biggest sale General MNY MKT Fund (shares −40%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001633227
Portfolio Value
$782.8M (Q2 2025)
SEC Filing
0001633227-25-000003 ↗ filed Aug 13, 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 Q1 2025 Q2 2025: $782.8M $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 114 stocks · $782.8M
GENERAL MNY MKT FUND 8.29% 64,870,946 $64.9M Reduce -40.4%
JGH Nuveen Global High Income 6.20% 3,752,362 $48.5M Add +1.2%
XAWFX Alliancebernstein GL Hi Inc. 5.36% 3,802,043 $41.9M Add +0.2%
DSL Doubleline Income Solutions 5.04% 3,225,943 $39.5M Add +1.1%
HYT BlackRock Corp. Hi YLD 4.70% 3,773,668 $36.8M Add +13.2%
UTF Cohen & Steers Infrastructur 4.68% 1,360,872 $36.7M Add +2.5%
XOM Exxon Mobil Corp. 3.52% 255,748 $27.6M Reduce -0.4%
BTI British American Tob-SP ADR 3.38% 559,051 $26.5M Add +2.3%
PAGP Plains GP Holdings LP 3.31% 1,332,236 $25.9M Add +13.1%
ARCC Ares Capital Corp. 3.27% 1,166,138 $25.6M Add +1.9%
UPS United Parcel Service Class B 2.81% 217,699 $22.0M New
XEVTX Eaton Vance Tax-Adv DVD Inc. 2.57% 833,437 $20.1M Add +0.5%
MMM 3M Co. 2.50% 128,659 $19.6M Add +1.1%
BWXT BWX Technologies Inc. 2.38% 129,400 $18.6M Add +1.6%
LLY Eli Lilly & Co. 2.15% 21,607 $16.8M Reduce -0.9%
GSST Goldman Sachs Ultra Short Bo 2.09% 324,307 $16.4M Add +8.5%
DELL Dell Technologies -C 2.08% 133,048 $16.3M Add +2.3%
ET Energy Transfer LP 1.99% 859,318 $15.6M Add +0.7%
UNM Unum Group 1.97% 191,089 $15.4M Reduce -0.0%
CSQ Calamos Strat TTL RTRN FND 1.82% 782,813 $14.3M Add +3.9%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 1.80% 1,287,198 $14.1M Add +10.6%
NAD Nuveen Quality Municipal Inc. 1.79% 1,243,365 $14.0M Add +10.5%
CQP Cheniere Energy Partners LP 1.72% 240,016 $13.5M Add +0.6%
ETG Eaton Vance T/A GL DVD Incm 1.66% 621,455 $13.0M Add +0.2%
PR Permian Resources Corp. Class A 1.64% 943,575 $12.9M Add +2706.3%
EBAY eBay Inc. 1.48% 156,042 $11.6M Add +0.0%
EPD Enterprise Products Partners 1.47% 370,220 $11.5M Add +0.5%
MSFT Microsoft Corp. 1.17% 18,437 $9.2M Add +3.8%
V Visa Inc. Class A 1.14% 25,112 $8.9M Add +0.8%
TOST Toast Inc. Class A 1.03% 181,894 $8.1M Reduce -2.2%
ALL Allstate Corp. 0.89% 34,666 $7.0M Add +1020.8%
CVX Chevron Corp. 0.76% 41,658 $6.0M Add +2.2%
GOOGL Alphabet Inc. Class A 0.71% 31,708 $5.6M Reduce -1.9%
TXN Texas Instruments Inc. 0.71% 26,749 $5.6M No change
JAZZ Jazz Pharmaceuticals PLC 0.64% 47,226 $5.0M Reduce -1.9%
NVG Nuveen Amt-FR Muni CRDT 0.62% 407,364 $4.9M Add +4.2%
TMUS T-Mobile US Inc. 0.61% 20,065 $4.8M New
AMZN Amazon.com Inc. 0.60% 21,290 $4.7M Reduce -1.3%
NZF Nuveen Municipal Credit Inc. 0.58% 381,053 $4.5M Add +4.5%
AAPL Apple Inc. 0.52% 19,807 $4.1M Reduce -1.2%
FANG Diamondback Energy Inc. 0.50% 28,543 $3.9M Add +2.3%
KYN Kayne Anderson Energy Infra 0.50% 306,581 $3.9M Add +0.6%
STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN 0.43% 838,335 $3.4M No change
DDOG Datadog Inc. Class A 0.42% 24,238 $3.3M Reduce -2.0%
ENVX Enovix Corp. 0.39% 298,554 $3.1M Add +0.7%
PANW Palo Alto Networks Inc. 0.37% 14,240 $2.9M Reduce -1.0%
EXE Expand Energy Corp. 0.35% 23,649 $2.8M Add +0.4%
PG The Procter & Gamble Co. 0.35% 17,106 $2.7M Add +0.1%
PLTR Palantir Technologies Inc. Class A 0.33% 18,677 $2.5M Add +22.3%
CPA Copa Holdings SA Class A 0.24% 17,416 $1.9M New
LNG Cheniere Energy Inc. 0.21% 6,820 $1.7M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 3,207 $1.6M Add +0.7%
MA Mastercard Inc. Class A 0.18% 2,538 $1.4M Add +0.8%
PM Philip Morris International 0.15% 6,392 $1.2M Add +0.0%
DE Deere & Co. 0.13% 2,011 $1.0M Reduce -0.1%
NVDA Nvidia Corp. 0.13% 6,233 $985K Reduce -12.7%
APH Amphenol Corp. Class A 0.12% 9,895 $977K Reduce -0.8%
WMT Walmart Inc. 0.12% 9,864 $964K Reduce -6.6%
MO Altria Group Inc. 0.12% 15,658 $918K Add +0.3%
F Ford Motor Co. filed as FORD MTR CO 0.11% 80,006 $868K Add +16.8%
ORCL Oracle Corp. 0.11% 3,910 $855K Add +0.0%
KLAC KLA Corp. 0.11% 940 $842K No change
META Meta Platforms Inc. Class A 0.10% 1,083 $800K Add +4.8%
THQ Abrdn Healthcare Opport 0.10% 42,905 $789K Reduce -1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 2,540 $749K Add +4.7%
AMLP Alerian MLP ETF 0.10% 15,237 $744K Add +0.0%
RLGT Radiant Logistics Inc. 0.09% 118,831 $722K Reduce -0.2%
JNJ Johnson & Johnson 0.09% 4,661 $712K Add +0.7%
COP Conocophillips 0.09% 7,595 $682K No change
ACN Accenture PLC Class A 0.08% 2,138 $639K No change
TSLA Tesla Inc. 0.08% 1,968 $625K Add +55.9%
CW Curtiss-Wright Corp. 0.08% 1,275 $623K No change
CAT Caterpillar Inc. 0.08% 1,591 $617K Add +0.1%
CG The Carlyle Group Inc. 0.08% 11,457 $589K Add +2.6%
VZ Verizon Communications Inc. 0.07% 13,048 $565K Reduce -10.9%
CINF Cincinnati Financial Corp. 0.07% 3,787 $564K No change
AMAT Applied Materials Inc. 0.07% 2,870 $525K Add +0.0%
CI The Cigna Group 0.07% 1,572 $520K Reduce -0.9%
RTX RTX Corp. 0.06% 3,473 $507K Add +0.1%
WMB Williams Cos Inc. 0.06% 7,930 $498K Add +0.6%
JPM JPMorgan Chase & Co. 0.06% 1,649 $478K Add +0.1%
SO The Southern Co. 0.06% 4,758 $437K Add +0.0%
FCX Freeport-McMoran Inc. 0.06% 9,988 $433K Add +0.1%
SOUN Soundhound AI Inc. Class A 0.05% 37,597 $403K No change
QCOM Qualcomm Inc. 0.05% 2,441 $389K Add +0.0%
DLR Digital Realty Trust Inc. 0.05% 2,230 $389K No change
CRK Comstock Resources Inc. 0.05% 13,845 $383K No change
DUK Duke Energy Corp. 0.05% 3,161 $373K Add +0.1%
MELI MercadoLibre Inc. 0.05% 140 $366K Add +5.3%
IUSV iShares Core S&P U.S. Value 0.05% 3,855 $365K Add +0.5%
NOC Northrop Grumman Corp. 0.05% 725 $362K No change
CSCO Cisco Systems Inc. 0.04% 4,621 $321K Add +0.1%
VOC Voc Energy Trust 0.04% 106,677 $305K Add +1.3%
HMC Honda Motor Co. Ltd.-Spons ADR 0.04% 10,289 $297K Add +0.6%
ITW Illinois Tool Works 0.04% 1,165 $288K No change
GT Goodyear Tire & Rubber Co. 0.04% 26,534 $275K Reduce -3.0%
GDX Vaneck Gold Miners ETF 0.03% 5,133 $267K No change
VTI VG Morningstar TS MKT ETF-US 0.03% 865 $263K Reduce -36.6%
PEP Pepsico Inc. 0.03% 1,984 $262K Add +0.1%
AZO AutoZone Inc. 0.03% 70 $260K Reduce -2.8%

Show all 114 holdings

Other holdings (11): bonds, preferreds, convertibles and warrants · $10.9M (not counted above)
SecurityClassShares / PrincipalValueChange
PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT MUNICIPAL BOND · principal 4,925,000$3.3MNo change
PIMA CNTY ARIZ INDL DEV AUTH ED REV REV BDS GRIFFIN FOUNDATION 2008 A MUNICIPAL BOND · principal 2,930,000$2.8MNo change
FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 MUNICIPAL BOND · principal 1,725,000$1.5MNo 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$612KNo 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$552KNo change
US TREASURY N/B (T 2.75 08/31/25) FIXED · principal 485,000$484KNo change
PIMA CNTY ARIZ INDL DEV AUTH ED REV REV BDS GRIFFIN FOUNDATION 2008 B MUNICIPAL BOND · principal 475,000$451KNo change
FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 MUNICIPAL BOND · principal 540,000$410KNo 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$305KNo change
TOBACCO SETTLEMENT FING CORP VA ASSET BACKED BDS 2007C MUNICIPAL BOND · principal 830,000$210KNo change

Total filed on the 13F, all lines: $793.7M.

Portfolio Sells Q1 2025 → Q2 2025
GENERAL MNY MKT FUND Reduce -40.4% 8.29% −6.34
XOM Exxon Mobil Corp. Reduce -0.4% 3.52% −0.58
LLY Eli Lilly & Co. Reduce -0.9% 2.15% −0.27
JAZZ Jazz Pharmaceuticals PLC Reduce -1.9% 0.64% −0.16
UNM Unum Group Reduce -0.0% 1.97% −0.12
AAPL Apple Inc. Reduce -1.2% 0.52% −0.08
SQQQ Proshares TR Sold out 0.00% −0.05
PDI PIMCO Dynamic Income Fund Sold out 0.00% −0.03
OKE Oneok Inc. Sold out 0.00% −0.03
UNH Unitedhealth Group Inc. Reduce -14.9% 0.03% −0.03
TJX TJX Companies Inc. Sold out 0.00% −0.03
CB Chubb Ltd. Sold out 0.00% −0.03
THQ Abrdn Healthcare Opport Reduce -1.3% 0.10% −0.02
VZ Verizon Communications Inc. Reduce -10.9% 0.07% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -36.6% 0.03% −0.02
RLGT Radiant Logistics Inc. Reduce -0.2% 0.09% −0.01
MDLZ Mondelez International Inc. Class A Reduce -7.1% 0.03% −0.00
CI The Cigna Group Reduce -0.9% 0.07% −0.00
AZO AutoZone Inc. Reduce -2.8% 0.03% −0.00
WMT Walmart Inc. Reduce -6.6% 0.12% −0.00
COST Costco Wholesale Corp. Reduce -2.1% 0.03% −0.00
LNG Cheniere Energy Inc. Reduce -0.3% 0.21% −0.00
GT Goodyear Tire & Rubber Co. Reduce -3.0% 0.04% +0.00
DE Deere & Co. Reduce -0.1% 0.13% +0.00
NVDA Nvidia Corp. Reduce -12.7% 0.13% +0.02
APH Amphenol Corp. Class A Reduce -0.8% 0.12% +0.04
GOOGL Alphabet Inc. Class A Reduce -1.9% 0.71% +0.04
PANW Palo Alto Networks Inc. Reduce -1.0% 0.37% +0.04
AMZN Amazon.com Inc. Reduce -1.3% 0.60% +0.04
DDOG Datadog Inc. Class A Reduce -2.0% 0.42% +0.09
TOST Toast Inc. Class A Reduce -2.2% 1.03% +0.20

Portfolio Buys Q1 2025 → Q2 2025
UPS United Parcel Service Class B New 2.81% +2.81
PR Permian Resources Corp. Class A Add +2706.3% 1.64% +1.58
ALL Allstate Corp. Add +1020.8% 0.89% +0.81
BWXT BWX Technologies Inc. Add +1.6% 2.38% +0.69
TMUS T-Mobile US Inc. New 0.61% +0.61
DELL Dell Technologies -C Add +2.3% 2.08% +0.49
HYT BlackRock Corp. Hi YLD Add +13.2% 4.70% +0.41
BTI British American Tob-SP ADR Add +2.3% 3.38% +0.34
MSFT Microsoft Corp. Add +3.8% 1.17% +0.27
CPA Copa Holdings SA Class A New 0.24% +0.24
CSQ Calamos Strat TTL RTRN FND Add +3.9% 1.82% +0.18
PLTR Palantir Technologies Inc. Class A Add +22.3% 0.33% +0.15
ETG Eaton Vance T/A GL DVD Incm Add +0.2% 1.66% +0.14
UTF Cohen & Steers Infrastructur Add +2.5% 4.68% +0.12
ENVX Enovix Corp. Add +0.7% 0.39% +0.10
EBAY eBay Inc. Add +0.0% 1.48% +0.06
GSST Goldman Sachs Ultra Short Bo Add +8.5% 2.09% +0.06
NAD Nuveen Quality Municipal Inc. Add +10.5% 1.79% +0.05
XNEAX Nuveen Amt-FR QLTY Muni Inc. Add +10.6% 1.80% +0.04
TSLA Tesla Inc. Add +55.9% 0.08% +0.04
ORCL Oracle Corp. Add +0.0% 0.11% +0.04
GE General Electric New 0.03% +0.03
TSM Taiwan Semiconductor-SP ADR New 0.03% +0.03
NKE Nike Inc. Class B New 0.03% +0.03
IVV iShares Core S&P 500 ETF New 0.03% +0.03
META Meta Platforms Inc. Class A Add +4.8% 0.10% +0.02
F Ford Motor Co. Add +16.8% 0.11% +0.02
IBM Intl Business Machines Corp. Add +4.7% 0.10% +0.01
PM Philip Morris International Add +0.0% 0.15% +0.01
MELI MercadoLibre Inc. Add +5.3% 0.05% +0.01
AMAT Applied Materials Inc. Add +0.0% 0.07% +0.01
CG The Carlyle Group Inc. Add +2.6% 0.08% +0.01
CAT Caterpillar Inc. Add +0.1% 0.08% +0.01
JPM JPMorgan Chase & Co. Add +0.1% 0.06% +0.01
FCX Freeport-McMoran Inc. Add +0.1% 0.06% +0.00
RTX RTX Corp. Add +0.1% 0.06% +0.00
CSCO Cisco Systems Inc. Add +0.1% 0.04% +0.00
EXE Expand Energy Corp. Add +0.4% 0.35% +0.00
HMC Honda Motor Co. Ltd.-Spons ADR Add +0.6% 0.04% +0.00
WMB Williams Cos Inc. Add +0.6% 0.06% +0.00
QCOM Qualcomm Inc. Add +0.0% 0.05% −0.00
IUSV iShares Core S&P U.S. Value Add +0.5% 0.05% −0.00
TPZ Tort Electf Infra ETF-Usd Inc. Add +0.7% 0.03% −0.00
OGE Oge Energy Corp. Add +0.5% 0.03% −0.00
SO The Southern Co. Add +0.0% 0.06% −0.00
LOW Lowe's Cos Inc. Add +0.1% 0.03% −0.00
MA Mastercard Inc. Class A Add +0.8% 0.18% −0.00
MCD McDonald's Corp. Add +0.4% 0.03% −0.00
DUK Duke Energy Corp. Add +0.1% 0.05% −0.00
VOC Voc Energy Trust Add +1.3% 0.04% −0.01

Notes & Other Activity Q1 2025 → Q2 2025
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC MUNICIPAL BOND · principal Sold out 1,575,000 $1.6Mbefore 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