McGowan Group Asset Management, Inc.

Q4 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
12/31/2025
Date filed
1/29/2026
Form type
13F-HR
Num holdings
126
Total value ($000)
$806,040
Net value change ($000)
-465 (-0.1%)
New positions
12
Sold out positions
6
Turnover %
11.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FLS 25,351 NEW
EQT 11,275 NEW
LLY 6,600 40.1%
VFLO 4,298 NEW
GOOGL 2,507 33.0%
UAMY 2,216 NEW
XOM 2,179 7.8%
BTI 2,107 7.1%
PAGP 1,374 5.7%
ETG 1,224 9.3%
Top Reduces (Value $000, Stocks/ETFs)
ARCC -23,872 -100.0%
PR -12,031 -100.0%
GENERAL MNY MKT FUND -7,932 -7.6%
FANG -4,017 -100.0%
JGH -3,402 -6.7%
DSL -3,015 -8.4%
AWF -2,154 -5.1%
HYT -2,117 -5.9%
DELL -2,082 -11.1%
BWXT -1,546 -6.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type