McGowan Group Asset Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), McGowan Group Asset Management, Inc. reported 118 stock positions worth $798.8 million. Its top holding was General MNY MKT Fund at 12.0% of the portfolio, followed by Nuveen Global High Income (JGH, 5.9%) and Alliancebernstein GL Hi (XAWFX, 5.0%). Compared with Q3 2025, it opened 12 new positions, sold out of 6, added to 65 and reduced 27. The biggest buy was a new position in Flowserve (FLS) and the biggest sale an exit from Ares Capital (ARCC).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001633227
- Portfolio Value
- $798.8M (Q4 2025)
- SEC Filing
- 0001633227-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 118 stocks · $798.8M
| GENERAL MNY MKT FUND | 12.02% | 96,011,095 | $96.0M | Reduce -7.6% |
| JGH Nuveen Global High Income | 5.92% | 3,749,705 | $47.3M | Add +0.0% |
| XAWFX Alliancebernstein GL Hi Inc. | 4.98% | 3,718,331 | $39.7M | Reduce -0.5% |
| HYT BlackRock Corp. Hi YLD | 4.23% | 3,797,228 | $33.8M | Add +0.5% |
| UTF Cohen & Steers Infrastructur | 4.17% | 1,380,626 | $33.3M | Add +0.7% |
| DSL Doubleline Income Solutions | 4.09% | 2,898,929 | $32.7M | Reduce -0.3% |
| BTI British American Tob-SP ADR | 3.96% | 559,252 | $31.7M | Add +0.4% |
| XOM Exxon Mobil Corp. | 3.79% | 251,373 | $30.3M | Add +1.0% |
| PAGP Plains GP Holdings LP | 3.21% | 1,340,808 | $25.7M | Add +0.7% |
| FLS Flowserve Corp. | 3.17% | 365,386 | $25.4M | New |
| LLY Eli Lilly & Co. | 2.89% | 21,458 | $23.1M | Reduce -0.5% |
| BWXT BWX Technologies Inc. | 2.78% | 128,446 | $22.2M | Reduce -0.3% |
| MMM 3M Co. | 2.57% | 128,108 | $20.5M | Reduce -0.3% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 2.47% | 783,596 | $19.7M | Reduce -0.5% |
| GSST Goldman Sachs Ultra Short Bo | 2.33% | 368,597 | $18.6M | Add +9.7% |
| DELL Dell Technologies -C | 2.09% | 132,829 | $16.7M | Add +0.1% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 2.05% | 1,410,373 | $16.4M | Add +4.5% |
| NAD Nuveen Quality Municipal Inc. | 2.05% | 1,362,021 | $16.4M | Add +4.5% |
| CSQ Calamos Strat TTL RTRN FND | 1.92% | 797,580 | $15.3M | Add +0.6% |
| ET Energy Transfer LP | 1.86% | 899,349 | $14.8M | Add +2.1% |
| UNM Unum Group | 1.84% | 189,347 | $14.7M | Reduce -0.2% |
| ETG Eaton Vance T/A GL DVD Incm | 1.80% | 623,768 | $14.4M | Reduce -0.0% |
| EBAY eBay Inc. | 1.67% | 153,521 | $13.4M | Reduce -0.0% |
| CQP Cheniere Energy Partners LP | 1.61% | 240,859 | $12.9M | Add +0.5% |
| EPD Enterprise Products Partners | 1.49% | 371,150 | $11.9M | Add +0.5% |
| EQT Eqt Corp. | 1.41% | 210,348 | $11.3M | New |
| GOOGL Alphabet Inc. Class A | 1.27% | 32,288 | $10.1M | Add +3.3% |
| V Visa Inc. Class A | 1.11% | 25,286 | $8.9M | Add +0.7% |
| MSFT Microsoft Corp. | 1.03% | 17,088 | $8.3M | Add +1.9% |
| ALL Allstate Corp. | 0.92% | 35,370 | $7.4M | Add +0.6% |
| CVX Chevron Corp. | 0.79% | 41,280 | $6.3M | Reduce -1.4% |
| TOST Toast Inc. Class A | 0.79% | 176,622 | $6.3M | Add +0.2% |
| NVG Nuveen Amt-FR Muni CRDT | 0.76% | 478,625 | $6.1M | Add +7.6% |
| TXN Texas Instruments Inc. | 0.72% | 33,284 | $5.8M | Add +0.0% |
| NZF Nuveen Municipal Credit Inc. | 0.71% | 452,589 | $5.7M | Add +8.7% |
| AAPL Apple Inc. | 0.66% | 19,257 | $5.2M | Add +1.2% |
| AMZN Amazon.com Inc. | 0.61% | 21,002 | $4.8M | Add +1.1% |
| VFLO Victoryshares Free Cash Flow | 0.54% | 109,140 | $4.3M | New |
| TMUS T-Mobile US Inc. | 0.50% | 19,855 | $4.0M | Add +1.7% |
| KYN Kayne Anderson Energy Infra | 0.48% | 307,232 | $3.8M | Add +0.1% |
| ENVX Enovix Corp. | 0.35% | 384,123 | $2.8M | Add +6.0% |
| EXE Expand Energy Corp. | 0.33% | 24,073 | $2.7M | Add +0.4% |
| PANW Palo Alto Networks Inc. | 0.33% | 14,144 | $2.6M | Add +0.8% |
| CPA Copa Holdings SA Class A | 0.31% | 20,209 | $2.4M | Add +11.4% |
| UAMY United States Antimony Corp. | 0.28% | 441,435 | $2.2M | New |
| STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN | 0.21% | 945,000 | $1.7M | Add +12.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 3,210 | $1.6M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.19% | 10,765 | $1.5M | Reduce -0.0% |
| MA Mastercard Inc. Class A | 0.18% | 2,561 | $1.5M | Add +0.9% |
| APH Amphenol Corp. Class A | 0.16% | 9,665 | $1.3M | Add +0.0% |
| LNG Cheniere Energy Inc. | 0.16% | 6,428 | $1.2M | Add +0.1% |
| KLAC KLA Corp. | 0.14% | 940 | $1.1M | No change |
| NVDA Nvidia Corp. | 0.14% | 5,929 | $1.1M | Add +0.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.13% | 11,247 | $1.0M | Reduce -14.1% |
| DE Deere & Co. | 0.12% | 2,005 | $934K | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.12% | 4,450 | $921K | Reduce -4.7% |
| CAT Caterpillar Inc. | 0.11% | 1,593 | $913K | Add +0.1% |
| PM Philip Morris International | 0.11% | 5,660 | $908K | Reduce -3.2% |
| WMT Walmart Inc. | 0.11% | 8,070 | $899K | Add +3.1% |
| RLGT Radiant Logistics Inc. | 0.11% | 141,631 | $897K | Add +19.2% |
| PLTR Palantir Technologies Inc. Class A | 0.10% | 4,711 | $837K | Reduce -2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 2,693 | $798K | Add +1.2% |
| F Ford Motor Co. filed as FORD MTR CO | 0.10% | 60,162 | $789K | Reduce -7.5% |
| AMLP Alerian MLP ETF | 0.09% | 16,060 | $755K | Add +0.0% |
| ORCL Oracle Corp. | 0.09% | 3,820 | $745K | Reduce -2.8% |
| TSLA Tesla Inc. | 0.09% | 1,647 | $741K | Reduce -31.1% |
| AMAT Applied Materials Inc. | 0.09% | 2,871 | $738K | No change |
| MO Altria Group Inc. | 0.09% | 12,761 | $736K | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.09% | 1,109 | $732K | Add +6.9% |
| COP Conocophillips | 0.09% | 7,595 | $711K | No change |
| CW Curtiss-Wright Corp. | 0.09% | 1,275 | $703K | No change |
| CG The Carlyle Group Inc. | 0.08% | 11,321 | $669K | Reduce -1.3% |
| RTX RTX Corp. | 0.07% | 3,178 | $583K | Add +6.8% |
| FCX Freeport-McMoran Inc. | 0.06% | 10,020 | $509K | Add +0.2% |
| VZ Verizon Communications Inc. | 0.06% | 12,380 | $504K | Reduce -4.5% |
| ACN Accenture PLC Class A | 0.06% | 1,815 | $487K | No change |
| WMB Williams Cos Inc. | 0.06% | 8,034 | $483K | Add +0.7% |
| SO The Southern Co. | 0.05% | 4,872 | $425K | Add +0.6% |
| QCOM Qualcomm Inc. | 0.05% | 2,424 | $415K | Add +0.0% |
| NOC Northrop Grumman Corp. | 0.05% | 725 | $413K | No change |
| CI The Cigna Group | 0.05% | 1,463 | $403K | Add +0.1% |
| IUSV iShares Core S&P U.S. Value | 0.05% | 3,893 | $399K | Add +0.5% |
| LYB Lyondellbasell Indu Class A | 0.05% | 9,139 | $396K | New |
| CE Celanese Corp. | 0.05% | 9,330 | $394K | New |
| SOUN Soundhound AI Inc. Class A | 0.05% | 37,597 | $375K | No change |
| DUK Duke Energy Corp. | 0.05% | 3,166 | $371K | Add +0.1% |
| GDX Vaneck Gold Miners ETF | 0.04% | 4,049 | $347K | Reduce -21.1% |
| DLR Digital Realty Trust Inc. | 0.04% | 2,230 | $345K | No change |
| JPM JPMorgan Chase & Co. | 0.04% | 1,042 | $336K | Reduce -1.2% |
| CRK Comstock Resources Inc. | 0.04% | 13,845 | $321K | No change |
| MELI MercadoLibre Inc. | 0.04% | 158 | $318K | Add +5.3% |
| MLPA Global X MLP ETF | 0.04% | 6,431 | $311K | Add +28.7% |
| CSCO Cisco Systems Inc. | 0.04% | 4,006 | $309K | Add +1.4% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.04% | 10,350 | $305K | Add +0.6% |
| VOC Voc Energy Trust | 0.04% | 111,280 | $300K | Add +3.0% |
| PWR Quanta Services Inc. | 0.04% | 701 | $296K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.04% | 865 | $290K | No change |
| AVGO Broadcom Inc. | 0.04% | 837 | $290K | Add +20.1% |
| PEP Pepsico Inc. | 0.04% | 2,002 | $287K | Add +0.7% |
| ORLY O'reilly Automotive Inc. | 0.03% | 3,060 | $279K | Add +8.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.03% | 917 | $279K | Reduce -7.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.03% | 1,805 | $277K | Add +13.3% |
| LHX L3HARRIS Technologies Inc. | 0.03% | 855 | $251K | Add +0.1% |
| VGT Vanguard Info Tech ETF | 0.03% | 332 | $250K | Add +18.6% |
| TPZ Tort Electf Infra ETF-Usd Inc. filed as TORTOISE CAPITAL SERIES TRUS | 0.03% | 12,107 | $247K | Add +0.3% |
| PSX Phillips 66 | 0.03% | 1,911 | $247K | Add +0.9% |
| AZO AutoZone Inc. | 0.03% | 70 | $237K | No change |
| GE General Electric filed as GE AEROSPACE | 0.03% | 761 | $235K | Reduce -12.2% |
| PVL Permianville Royalty Trust | 0.03% | 129,686 | $233K | No change |
| GT Goodyear Tire & Rubber Co. | 0.03% | 26,060 | $228K | New |
| IVV iShares Core S&P 500 ETF | 0.03% | 329 | $225K | No change |
| INTC Intel Corp. | 0.03% | 5,998 | $221K | New |
| CMI Cummins Inc. | 0.03% | 431 | $220K | New |
| NAC Nuveen Ca QLTY Muni Inc. | 0.03% | 17,851 | $211K | New |
| GLD SPDR Gold Shares | 0.03% | 529 | $210K | New |
| CB Chubb Ltd. | 0.03% | 670 | $209K | New |
| COST Costco Wholesale Corp. | 0.03% | 237 | $204K | Add +0.4% |
| GD General Dynamics Corp. | 0.03% | 606 | $204K | Reduce -3.4% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $7.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT | MUNICIPAL BOND · principal | 4,900,000 | $3.4M | No change |
| FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 | MUNICIPAL BOND · principal | 1,725,000 | $1.5M | No 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 | $616K | No 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 | $555K | No change |
| FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 | MUNICIPAL BOND · principal | 540,000 | $429K | No change |
| SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV TOBACCO | MUNICIPAL BOND · principal | 3,500,000 | $317K | No change |
| TOBACCO SETTLEMENT FING CORP VA ASSET BACKED BDS 2007C | MUNICIPAL BOND · principal | 830,000 | $210K | No change |
| PORT SEATTLE WASH REV INTER LIEN BDS 2019 5.000 04/01/44 B/E DTD 08/07/ | MUNICIPAL BOND · principal | 200,000 | $203K | No change |
Total filed on the 13F, all lines: $806.0M.
Portfolio Sells Q3 2025 → Q4 2025
| ARCC Ares Capital Corp. | Sold out | 0.00% | −2.99 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −1.51 |
| GENERAL MNY MKT FUND | Reduce -7.6% | 12.02% | −0.99 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.50 |
| DSL Doubleline Income Solutions | Reduce -0.3% | 4.09% | −0.38 |
| XAWFX Alliancebernstein GL Hi Inc. | Reduce -0.5% | 4.98% | −0.27 |
| BWXT BWX Technologies Inc. | Reduce -0.3% | 2.78% | −0.19 |
| EBAY eBay Inc. | Reduce -0.0% | 1.67% | −0.07 |
| ORCL Oracle Corp. | Reduce -2.8% | 0.09% | −0.05 |
| TSLA Tesla Inc. | Reduce -31.1% | 0.09% | −0.04 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.03 |
| CVX Chevron Corp. | Reduce -1.4% | 0.79% | −0.03 |
| OGE Oge Energy Corp. | Sold out | 0.00% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -14.1% | 0.13% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 0.19% | −0.01 |
| UNM Unum Group | Reduce -0.2% | 1.84% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -4.5% | 0.06% | −0.01 |
| CG The Carlyle Group Inc. | Reduce -1.3% | 0.08% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -2.9% | 0.10% | −0.01 |
| GDX Vaneck Gold Miners ETF | Reduce -21.1% | 0.04% | −0.01 |
| PM Philip Morris International | Reduce -3.2% | 0.11% | −0.01 |
| GE General Electric | Reduce -12.2% | 0.03% | −0.00 |
| GD General Dynamics Corp. | Reduce -3.4% | 0.03% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.8% | 0.03% | +0.00 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 0.04% | +0.00 |
| F Ford Motor Co. | Reduce -7.5% | 0.10% | +0.00 |
| DE Deere & Co. | Reduce -0.3% | 0.12% | +0.00 |
| JNJ Johnson & Johnson | Reduce -4.7% | 0.12% | +0.01 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -0.5% | 2.47% | +0.06 |
| MMM 3M Co. | Reduce -0.3% | 2.57% | +0.07 |
| ETG Eaton Vance T/A GL DVD Incm | Reduce -0.0% | 1.80% | +0.15 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 2.89% | +0.83 |
Portfolio Buys Q3 2025 → Q4 2025
| FLS Flowserve Corp. | New | 3.17% | +3.17 |
| EQT Eqt Corp. | New | 1.41% | +1.41 |
| VFLO Victoryshares Free Cash Flow | New | 0.54% | +0.54 |
| GOOGL Alphabet Inc. Class A | Add +3.3% | 1.27% | +0.31 |
| UAMY United States Antimony Corp. | New | 0.28% | +0.28 |
| XOM Exxon Mobil Corp. | Add +1.0% | 3.79% | +0.27 |
| BTI British American Tob-SP ADR | Add +0.4% | 3.96% | +0.26 |
| GSST Goldman Sachs Ultra Short Bo | Add +9.7% | 2.33% | +0.20 |
| PAGP Plains GP Holdings LP | Add +0.7% | 3.21% | +0.17 |
| NAD Nuveen Quality Municipal Inc. | Add +4.5% | 2.05% | +0.14 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +4.5% | 2.05% | +0.13 |
| NVG Nuveen Amt-FR Muni CRDT | Add +7.6% | 0.76% | +0.07 |
| NZF Nuveen Municipal Credit Inc. | Add +8.7% | 0.71% | +0.06 |
| LYB Lyondellbasell Indu Class A | New | 0.05% | +0.05 |
| CE Celanese Corp. | New | 0.05% | +0.05 |
| AAPL Apple Inc. | Add +1.2% | 0.66% | +0.05 |
| EPD Enterprise Products Partners | Add +0.5% | 1.49% | +0.04 |
| V Visa Inc. Class A | Add +0.7% | 1.11% | +0.04 |
| AMZN Amazon.com Inc. | Add +1.1% | 0.61% | +0.04 |
| CPA Copa Holdings SA Class A | Add +11.4% | 0.31% | +0.04 |
| GT Goodyear Tire & Rubber Co. | New | 0.03% | +0.03 |
| INTC Intel Corp. | New | 0.03% | +0.03 |
| CMI Cummins Inc. | New | 0.03% | +0.03 |
| NAC Nuveen Ca QLTY Muni Inc. | New | 0.03% | +0.03 |
| GLD SPDR Gold Shares | New | 0.03% | +0.03 |
| CB Chubb Ltd. | New | 0.03% | +0.03 |
| RLGT Radiant Logistics Inc. | Add +19.2% | 0.11% | +0.02 |
| CAT Caterpillar Inc. | Add +0.1% | 0.11% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +0.2% | 0.06% | +0.01 |
| EXE Expand Energy Corp. | Add +0.4% | 0.33% | +0.01 |
| APH Amphenol Corp. Class A | Add +0.0% | 0.16% | +0.01 |
| WMT Walmart Inc. | Add +3.1% | 0.11% | +0.01 |
| RTX RTX Corp. | Add +6.8% | 0.07% | +0.01 |
| MLPA Global X MLP ETF | Add +28.7% | 0.04% | +0.01 |
| AVGO Broadcom Inc. | Add +20.1% | 0.04% | +0.01 |
| IBM Intl Business Machines Corp. | Add +1.2% | 0.10% | +0.01 |
| TJX TJX Companies Inc. | Add +13.3% | 0.03% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +18.6% | 0.03% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.4% | 0.04% | +0.00 |
| CSQ Calamos Strat TTL RTRN FND | Add +0.6% | 1.92% | +0.00 |
| MA Mastercard Inc. Class A | Add +0.9% | 0.18% | +0.00 |
| IUSV iShares Core S&P U.S. Value | Add +0.5% | 0.05% | +0.00 |
| QCOM Qualcomm Inc. | Add +0.0% | 0.05% | +0.00 |
| PEP Pepsico Inc. | Add +0.7% | 0.04% | +0.00 |
| KYN Kayne Anderson Energy Infra | Add +0.1% | 0.48% | +0.00 |
| NVDA Nvidia Corp. | Add +0.3% | 0.14% | +0.00 |
| AMLP Alerian MLP ETF | Add +0.0% | 0.09% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 0.20% | +0.00 |
| TPZ Tort Electf Infra ETF-Usd Inc. | Add +0.3% | 0.03% | −0.00 |
| LHX L3HARRIS Technologies Inc. | Add +0.1% | 0.03% | −0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| US TREASURY N/B (T 4.25 10/15/25) | TREASURY · principal | Sold out | 330,000 | $330Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 151 | $822.7M | JGH, HYT, UTF, XAWFX, DELL |
| Q1 2026 | 150 | $784.9M | JGH, XOM, HYT, XAWFX, UTF |
| Q4 2025 | 118 | $798.8M | GENERAL MNY MKT FUND, JGH, XAWFX, HYT, UTF |
| Q3 2025 | 112 | $799.0M | GENERAL MNY MKT FUND, JGH, XAWFX, HYT, DSL |
| Q2 2025 | 114 | $782.8M | GENERAL MNY MKT FUND, JGH, XAWFX, DSL, HYT |
| Q1 2025 | 112 | $743.7M | GENERAL MNY MKT FUND, JGH, XAWFX, DSL, UTF |
| Q4 2024 | 111 | $734.1M | GENERAL MNY MKT FUND, JGH, XAWFX, DSL, HYT |
| Q3 2024 | 110 | $745.3M | GENERAL MNY MKT FUND, XAWFX, JGH, DSL, HYT |
| Q2 2024 | 102 | $703.5M | GENERAL MNY MKT FUND, JGH, XAWFX, DSL, HYT |
| Q1 2024 | 107 | $678.1M | XAWFX, JGH, DSL, HYT, GENERAL MNY MKT FUND |