McGowan Group Asset Management, Inc. — 13F Holdings & Portfolio

CIK 1633227 · latest 13F-HR filed 2026-08-12

McGowan Group Asset Management, Inc. manages $823.1M in 13F-reported U.S. long-equity assets across 154 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are JGH (5.80%), HYT (4.74%), UTF (4.66%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 15 new positions and exited 15; 60 existing positions rose in reported value and 33 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$823.1M

Long-equity book

Holdings

154

Distinct positions

Period

2026-06-30

Filed 2026-08-12

Q/Q Activity

+15 / −15 / ↑60 / ↓33

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

JGH5.8% · -0%HYT4.7% · 0%UTF4.7% · +1%AWF4.7% · -0%DELL4.5% · -34%BTI4.2% · -1%XOM4.0% · -2%PAGP4.0% · -0%DSL4.0% · +1%GSST3.3% · +40%FLS3.3% · -1%LLY3.1% · -0%IFLO2.7% · +0%EVT2.6% · -1%FDX2.4% · -1%ET2.2% · +2%BWXT2.0% · -1%UNM2.0% · -2%SON2.0% · -0%NEA2.0% · -1%NAD2.0% · -1%CSQ2.0% · -1%ETG1.8% · -1%CQP1.8% · -0%OHI1.7% · new MMM1.7% · -33%EPD1.7% · -0%EQT1.3% · +1%GOOGL1.3% · -2%V1.0% · -1%TXN0.9% · -5%CVX0.8% · -1%NVG0.8% · +0%NZF0.7% · +1%VFLO0.7% · +7%AAPL0.7% · +0%AMZN0.6% · -1%TOST0.6% · +0%FDXF0.6% · new MU0.5% · +6%KYN0.5% · +0%CPA0.4% · +8%UAMY0.4% · +0%KLAC0.3% · +916%ENVX0.3% · -1%AMAT0.3% · -0%STKS0.2% · 0%APH0.2% · 0%CAT0.2% · -5%RLGT0.2% · -23%PG0.2% · -0%BRK.B0.2% · +0%LNG0.2% · -9%MA0.2% · -1%DE0.2% · +1%EXE0.2% · +0%MSFT0.2% · -5%GLW0.1% · 0%NVDA0.1% · -3%JNJ0.1% · +0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 43.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 3, 2026.

Assets Under Management

$1.08B

Discretionary

$1.00B

Employees

Accounts

4,773

Address

300 CRESCENT COURT
#1776
DALLAS, TX 75201

Phone

(214) 720-4400

Website

WWW.THEMCGOWANGROUP.COM
WWW.LINKEDIN.COM/COMPANY/MCGOWANGROUP-ASSET-MANAGEMENT
WWW.NETWORTHRADIO.COM

Name	Title / Status	Ownership	Type
MCGOWAN GROUP WEALTH MANAGEMENT, LLC Control	OWNER since Jul 2022	75% or more	Domestic Entity
MCGOWAN, SPENCER, DEAN Control	PRESIDENT since Jun 2010	Less than 5%	Individual
TOLLEN, ALEXANDER, GUSTAVE Control	PRESIDENT since Feb 2026	Less than 5%	Individual
WARNING, ANDREW, S	CHIEF COMPLIANCE OFFICER since May 2026	Less than 5%	Individual
MCGOWAN, SPENCER, DEAN Control Indirect owner via MCGOWAN GROUP WEALTH MANAGEMENT, LLC	OWNER since Jul 2022	75% or more	Individual

Ownership & leadership changes · 7 filings with changes since Feb 6, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

May 1, 2026 filing

AddedWARNING, ANDREW, S · CHIEF COMPLIANCE OFFICER · Less than 5%
ChangedMCGOWAN, SPENCER, DEAN · ownership 75% or more → Less than 5%
ChangedTOLLEN, ALEXANDER, GUSTAVE · title PRESIDENT/ INTERIM CCO → PRESIDENT

Mar 27, 2026 filing

No longer listedSANCHEZ, ISMAEL, LEE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jun 2014
AddedTOLLEN, ALEXANDER, GUSTAVE · PRESIDENT/ INTERIM CCO · Less than 5% · control person

Jun 26, 2024 filing

AddedMCGOWAN, SPENCER, DEAN · OWNER · 75% or more · indirect via MCGOWAN GROUP WEALTH MANAGEMENT, LLC · control person

Mar 28, 2024 filing

AddedMCGOWAN GROUP WEALTH MANAGEMENT, LLC · OWNER · 75% or more · control person

Mar 30, 2023 filing

ChangedMCGOWAN, SPENCER, DEAN · title PRESIDENT AND CHIEF OPERATING OFFICER → PRESIDENT

Nov 3, 2014 filing

No longer listedBOYCE, BOBBY, DON · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Apr 2012
AddedSANCHEZ, ISMAEL, LEE · CHIEF COMPLIANCE OFFICER · Less than 5%

Apr 18, 2012 filing

AddedBOYCE, BOBBY, DON · CHIEF COMPLIANCE OFFICER · Less than 5%
ChangedMCGOWAN, SPENCER, DEAN · title PRESIDENT & CHIEF COMPLIANCE OFFICER, AND CHIEF OPERATING OFFICER → PRESIDENT AND CHIEF OPERATING OFFICER

Feb 6, 2012 filing (earliest on record)

ListedMCGOWAN, SPENCER, DEAN · PRESIDENT & CHIEF COMPLIANCE OFFICER, AND CHIEF OPERATING OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

DELL TECHNOLOGIES INC CL C$15.5M +72.2%
GOLDMAN SACHS ULTRA SHORT BOND ETF$7.8M +39.9%
ELI LILLY & CO COM$5.9M +30.1%
MICRON TECHNOLOGY INC COM$3.2M +263.7%
UNUM GROUP COM$2.8M +20.4%

Show all 60 →

Top Trims

3M CO COM-$4.7M -25.2%
FEDEX CORP COM-$2.8M -12.7%
EQT CORP COM-$2.0M -15.5%
CHEVRON CORPORATION COM-$1.8M -20.6%
BWX TECHNOLOGIES INC COM-$1.1M -6.0%

Show all 33 →

New Positions

EXXONMOBIL HOLDINGS CORP COM SHS$33.3M
OMEGA HEALTHCARE INVS INC COM$14.3M
FEDEX FGHT HLDG CO INC COMMON STOCK$4.6M
VALERO ENERGY CORP COM$478.8K
NOKIA CORP SPONSORED ADR$332.0K

Show all 15 →

Exited Positions

Show all 15 →

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#	Issuer	Symbol	CUSIP	Value	Δ

McGowan Group Asset Management, Inc. Holdings (2026-06-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	NUVEEN GLOBAL HIGH INCOME FD SHS	JGH	67075G103	$47.8M	5.80%	3,752,935	SH
2	BLACKROCK CORPOR HI YLD FD INC COM	HYT	09255P107	$39.0M	4.74%	4,553,987	SH
3	COHEN & STEERS INFRASTRUCTURE COM	UTF	19248A109	$38.4M	4.66%	1,390,745	SH
4	ALLIANCEBERNSTEIN GLOBAL HIGH COM	AWF	01879R106	$38.3M	4.66%	3,721,718	SH
5	DELL TECHNOLOGIES INC CL C	DELL	24703L202	$36.9M	4.49%	85,624	SH
6	BRITISH AMERN TOB PLC SPONSORED ADR	BTI	110448107	$34.3M	4.17%	555,566	SH
7	EXXONMOBIL HOLDINGS CORP COM SHS	XOM	30233Q108	$33.3M	4.04%	243,426	SH
8	PLAINS GP HLDGS L P LTD PARTNR INT A	PAGP	72651A207	$32.6M	3.96%	1,342,670	SH
9	DOUBLELINE INCOME SOLUTIONS FD COM	DSL	258622109	$32.5M	3.95%	2,938,932	SH
10	GOLDMAN SACHS ULTRA SHORT BOND ETF	GSST	381430230	$27.3M	3.32%	540,585	SH
11	FLOWSERVE CORP COM	FLS	34354P105	$26.8M	3.26%	361,663	SH
12	ELI LILLY & CO COM	LLY	532457108	$25.4M	3.09%	21,201	SH
13	VICTORYSHARES INTERNATIONAL FREE CASH FLOW ETF	IFLO	92647X756	$21.9M	2.66%	662,310	SH
14	EATON VANCE TAX ADVT DIV INCM COM	EVT	27828G107	$21.5M	2.61%	777,149	SH
15	FEDEX CORP COM	FDX	31428X106	$19.6M	2.38%	62,446	SH
16	ENERGY TRANSFER L P COM UT LTD PTN	ET	29273V100	$17.9M	2.18%	936,961	SH
17	BWX TECHNOLOGIES INC COM	BWXT	05605H100	$16.7M	2.03%	85,977	SH
18	UNUM GROUP COM	UNM	91529Y106	$16.6M	2.01%	185,469	SH
19	SONOCO PRODS CO COM	SON	835495102	$16.6M	2.01%	294,212	SH
20	NUVEEN AMT FREE QLTY MUN INCME COM	NEA	670657105	$16.6M	2.01%	1,410,013	SH
21	NUVEEN QUALITY MUNCP INCOME FD COM	NAD	67066V101	$16.5M	2.01%	1,361,907	SH
22	CALAMOS STRATEGIC TOTAL RETURN COM SH BEN INT	CSQ	128125101	$16.2M	1.97%	787,259	SH
23	EATON VANCE TX ADV GLBL DIV FD COM	ETG	27828S101	$14.6M	1.77%	618,154	SH
24	CHENIERE ENERGY PARTNERS L P COM UNIT	CQP	16411Q101	$14.5M	1.76%	237,546	SH
25	OMEGA HEALTHCARE INVS INC COM	OHI	681936100	$14.3M	1.74%	299,909	SH
26	3M CO COM	MMM	88579Y101	$13.9M	1.69%	86,016	SH
27	ENTERPRISE PRODS PARTNERS L P COM	EPD	293792107	$13.6M	1.66%	370,768	SH
28	EQT CORP COM	EQT	26884L109	$11.1M	1.35%	208,339	SH
29	ALPHABET INC CAP STK CL A	GOOGL	02079K305	$11.0M	1.34%	30,820	SH
30	VISA INC COM CL A	V	92826C839	$8.6M	1.04%	24,988	SH
31	TEXAS INSTRS INC COM	TXN	882508104	$7.2M	0.87%	24,064	SH
32	CHEVRON CORPORATION COM	CVX	166764100	$6.8M	0.83%	41,247	SH
33	NUVEEN AMT FREE MUN CR INC FD COM	NVG	67071L106	$6.3M	0.77%	494,104	SH
34	NUVEEN MUN CR INCOME FD COM SH BEN INT	NZF	67070X101	$6.0M	0.72%	469,795	SH
35	VICTORYSHARES FREE CASH FLOW ETF	VFLO	92647X830	$5.9M	0.72%	129,421	SH
36	APPLE INC COM	AAPL	037833100	$5.5M	0.67%	18,991	SH
37	AMAZON COM INC COM	AMZN	023135106	$4.9M	0.60%	20,763	SH
38	TOAST INC CL A	TOST	888787108	$4.9M	0.60%	176,307	SH
39	FEDEX FGHT HLDG CO INC COMMON STOCK	FDXF	314352105	$4.6M	0.56%	30,686	SH
40	MICRON TECHNOLOGY INC COM	MU	595112103	$4.4M	0.54%	3,843	SH
41	KAYNE ANDERSON ENERGY INFRSTR COM	KYN	486606106	$4.3M	0.52%	309,680	SH
42	COPA HOLDINGS SA CL A	CPA	P31076105	$3.5M	0.43%	22,714	SH
43	UNITED STATES ANTIMONY CORP COM	UAMY	911549103	$3.2M	0.39%	444,849	SH
44	KLA CORP COM NEW	KLAC	482480100	$2.9M	0.35%	9,550	SH
45	ENOVIX CORPORATION COM	ENVX	293594107	$2.2M	0.27%	364,185	SH
46	APPLIED MATLS INC COM	AMAT	038222105	$2.1M	0.25%	2,871	SH
47	THE ONE GROUP HOSPITALITY INC COM	STKS	88338K103	$1.9M	0.23%	940,000	SH
48	AMPHENOL CORP CL A	APH	032095101	$1.7M	0.21%	9,669	SH
49	CATERPILLAR INC COM	CAT	149123101	$1.7M	0.20%	1,565	SH
50	RADIANT LOGISTICS INC COM	RLGT	75025X100	$1.6M	0.19%	169,406	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-06-30	2026-08-12	$823.1M	154	0001765380-26-000349
2026-03-31	2026-05-11	$785.3M	154	0001765380-26-000196
2025-12-31	2026-01-29	$806.0M	126	0001633227-26-000001
2025-09-30	2025-11-13	$806.5M	121	0001633227-25-000005

Filer Information

Address

300 CRESCENT COURT
SUITE 1776
DALLAS, TX 75201

Phone

(214) 720-4400

Filing Manager

McGowan Group Asset Management, Inc.

DALLAS, TX

Signatory

Andy Warning

Chief Compliance Officer