McGowan Group Asset Management, Inc. Q4 2025 Filing

Filed January 29, 2026

Portfolio Value

$806.0M

Holdings

126

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (126 positions)

#	Stock	Shares	Value	% Portfolio
1	—GENERAL MNY MKT FUND	96,011,095	$96.0M	11.91%
2	JGHNUVEEN GLOBAL HIGH INCOME FD SHS	3,749,705	$47.3M	5.87%
3	XAWFXALLIANCEBERNSTEIN GLOBAL HIGH INCOME FD IN	3,718,331	$39.7M	4.93%
4	HYTBLACKROCK CORPORATE HIGH YIELD FD VI INC C	3,797,228	$33.8M	4.19%
5	UTFCOHEN & STEERS INFRASTRUCTURE FD INC COM	1,380,626	$33.3M	4.13%
6	DSLDOUBLELINE INCOME SOLUTIONS FD	2,898,929	$32.7M	4.05%
7	BMTABRITISH AMERN TOB PLC SPONSORED ADR	559,252	$31.7M	3.93%
8	XOMEXXON MOBIL CORP COM	251,373	$30.3M	3.75%
9	PAGPPLAINS GP HLDGS L P LTD PARTNER INT CL A	1,340,808	$25.7M	3.18%
10	FLSFLOWSERVE CORP	365,386	$25.4M	3.15%
11	LLYELI LILLY & CO COM	21,458	$23.1M	2.86%
12	BWXTBWX TECHNOLOGIES INC COM	128,446	$22.2M	2.75%
13	MMM3M CO COM	128,108	$20.5M	2.54%
14	EXGEATON VANCE TAX ADVANTAGED DIVID INCOME FU	783,596	$19.7M	2.45%
15	GSSTGOLDMAN SACHS ETF TR TR ACCESS ULTRA SHORT	368,597	$18.6M	2.31%
16	DELLDELL TECHNOLOGIES INC CL C	132,829	$16.7M	2.07%
17	XNEAXNUVEEN INSURED TAX FREE ADVANTAGE	1,410,373	$16.4M	2.03%
18	NADNUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND	1,362,021	$16.4M	2.03%
19	CSQCALAMOS STRATEGIC TOTAL RETURN FD COM SH B	797,580	$15.3M	1.90%
20	ETENERGY TRANSFER LP COM UNITS	899,349	$14.8M	1.84%
21	UNMUNUM GROUP	189,347	$14.7M	1.82%
22	ETGEATON VANCE TAX ADVANTAGED GLO GLOBAL DIVI	623,768	$14.4M	1.79%
23	EBAEBAY INC COM	153,521	$13.4M	1.66%
24	CQPCHENIERE ENERGY PARTNERS L P COM UNIT REPT	240,859	$12.9M	1.60%
25	EPDENTERPRISE PRODS PARTNERS L P COM UNIT	371,150	$11.9M	1.48%
26	EQTEQT CORP	210,348	$11.3M	1.40%
27	GOOGLALPHABET INC CAP STK CL A	32,288	$10.1M	1.25%
28	VVISA INC COM CL A	25,286	$8.9M	1.10%
29	MSFTMICROSOFT CORP COM	17,088	$8.3M	1.03%
30	ALSALLSTATE CORP COM	35,370	$7.4M	0.91%
31	CVXCHEVRON CORP NEW COM	41,280	$6.3M	0.78%
32	TOSTTOAST INC CL A	176,622	$6.3M	0.78%
33	NVGNUVEEN MUNICIPAL CREDIT INCOME FUND	478,625	$6.1M	0.75%
34	TXNTEXAS INSTRUMENTS INC	33,284	$5.8M	0.72%
35	NZFNUVEEN DIVIDEND MUNICIPAL FUND	452,589	$5.7M	0.71%
36	AAPLAPPLE INC COM	19,257	$5.2M	0.65%
37	AMZNAMAZON COM INC	21,002	$4.8M	0.60%
38	VFLOVICTORY PORTFOLIOS II VICTORYSHARES FREE C	109,140	$4.3M	0.53%
39	TMUST MOBILE US	19,855	$4.0M	0.50%
40	KYNKAYNE ANDERSON MLP INVESTMENT COMPANY	307,232	$3.8M	0.47%
41	TX PRADEV 6.95 12/01/2035PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT	4,900,000	$3.4M	0.42%
42	ENVXENOVIX CORP	384,123	$2.8M	0.35%
43	EXEEXPAND ENERGY CORPORATION	24,073	$2.7M	0.33%
44	PANWPALO ALTO NETWORKS INC COM	14,144	$2.6M	0.32%
45	CPACOPA HOLDING S A CL A COM	20,209	$2.4M	0.30%
46	USOUNITED STATES ANTIMONY CORP COM	441,435	$2.2M	0.27%
47	STKSTHE ONE GROUP HOSPITALITY INC COM	945,000	$1.7M	0.21%
48	BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW	3,210	$1.6M	0.20%
49	PGPROCTER & GAMBLE CO COM	10,765	$1.5M	0.19%
50	TX FANFAC 7 10/01/2032FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014	1,725,000	$1.5M	0.19%
51	MAMASTERCARD INC CL A	2,561	$1.5M	0.18%
52	APHAMPHENOL CORP NEW CL A	9,665	$1.3M	0.16%
53	LNGCHENIERE ENERGY INC COM NEW	6,428	$1.2M	0.15%
54	KLACKLA CORP	940	$1.1M	0.14%
55	NVDANVIDIA CORP COM	5,929	$1.1M	0.14%
56	BILSPDR SER TR SPDR BLOOMBERG 1-3 MNTH T BILL	11,247	$1.0M	0.13%
57	DEDEERE & CO	2,005	$933K	0.12%
58	JNJJOHNSON & JOHNSON COM	4,450	$920K	0.11%
59	CATCATERPILLAR INC	1,593	$912K	0.11%
60	4I1PHILIP MORRIS INTL INC COM	5,660	$907K	0.11%
61	WMTWALMART INC	8,070	$899K	0.11%
62	RLGTRADIANT LOGISTICS INC	141,631	$896K	0.11%
63	PLTRPALANTIR TECHNOLOGIES INC CL A	4,711	$837K	0.10%
64	IBMINTERNATIONAL BUSINESS MACHS CORP COM	2,693	$797K	0.10%
65	FFORD MOTOR CO DEL COM PAR	60,162	$789K	0.10%
66	AMLPALPS ETF TR ALERIAN MLP ETF	16,060	$755K	0.09%
67	ORCLORACLE CORP COM	3,820	$744K	0.09%
68	TSLATESLA MTRS INC COM	1,647	$740K	0.09%
69	AMATAPPLIED MATERIALS INC	2,871	$737K	0.09%
70	MOALTRIA GROUP INC	12,761	$735K	0.09%
71	METAMETA PLATFORMS INC	1,109	$731K	0.09%
72	COPCONOCOPHILLIPS COM	7,595	$711K	0.09%
73	CWCURTISS WRIGHT CORP	1,275	$702K	0.09%
74	CGCARLYLE GROUP INC COM	11,321	$669K	0.08%
75	LA TULHGR 02/15/2036TULANE UNIV LA RFDG-TULANE UNIV-C 0.523 02/15/36 B/E DTD 05/31/07 CLB	660,000	$615K	0.08%
76	RTXRAYTHEON TECHNOLOGIES CORP	3,178	$582K	0.07%
77	TX NRTTRN 5 01/01/2043NORTH TEX TWY AUTH REV SYS REF BDS B 5.000 01/01/43 B/E DTD 11/01/17 CL	550,000	$554K	0.07%
78	FCXFREEPORT-MCMORAN INC CL B	10,020	$508K	0.06%
79	BACVERIZON COMMUNICATIONS COM	12,380	$504K	0.06%
80	ACNACCENTURE PLC IRELAND SHS CL A ISIN#IE00B4	1,815	$487K	0.06%
81	WMBWILLIAMS COS INC COM	8,034	$482K	0.06%
82	TX FANFAC 7.1 10/01/2036FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014	540,000	$428K	0.05%
83	SOSOUTHERN CO COM	4,872	$424K	0.05%
84	QCOMQUALCOMM INC	2,424	$414K	0.05%
85	NOCNORTHROP GRUMMAN CORP NEW	725	$413K	0.05%
86	CICIGNA CORP	1,463	$402K	0.05%
87	IUSVISHARES TR CORE S&P U S VALUE ETF	3,893	$399K	0.05%
88	LYBLYONDELLBASELL INDUSTRIES NV ORD CL A	9,139	$395K	0.05%
89	CECELANESE CORP DEL COM SER A	9,330	$394K	0.05%
90	SOUNSOUNDHOUND AI INC CL A	37,597	$374K	0.05%
91	DUKDUKE ENERGY CORP NEW COM	3,166	$371K	0.05%
92	GDXVANECK VECTORS ETF TR GOLD MINERS ETF	4,049	$347K	0.04%
93	FQIDIGITAL RLTY TR INC COM	2,230	$345K	0.04%
94	JPMJP MORGAN CHASE & CO COM	1,042	$335K	0.04%
95	CRKCOMSTOCK RES INC COM	13,845	$320K	0.04%
96	MLB1MERCADOLIBRE INC	158	$318K	0.04%
97	CA SILGEN 0 06/01/2056SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV TOBACCO	3,500,000	$316K	0.04%
98	MLPAGLOBAL X FDS MLP ETF	6,431	$311K	0.04%
99	CSCOCISCO SYSTEMS INC	4,006	$308K	0.04%
100	HMCHONDA MTR LTD ADR	10,350	$305K	0.04%

Page 1 of 2Next