MCGOWAN GROUP ASSET MANAGEMENT INC
Q4 2025 Form 13-F
DALLAS, TEXAS
CIK 0001633227
· CRD 154127
· SEC-registered investment adviser
$806.0M Reported Value Total
MCGOWAN GROUP ASSET MANAGEMENT, INC. reports 4,773 total accounts under management (AUM). There are 4,651 discretionary accounts valued at $1,000,714,340, and 122 non-discretionary accounts valued at $82,361,731.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-09-03
Reported value
$806.0M
Quarter over quarter
-0.4%
Holdings
118
Top-10 concentration
49.1%
Key People
Form ADV owners & control persons
Spencer Dean Mcgowan
OWNER
Alexander Gustave Tollen
PRESIDENT
Andrew S Warning
CHIEF COMPLIANCE OFFICER
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | January 29, 2026 |
| Form | 13F-HR |
| Reported value | $806.0M |
| Positions | 118 |
| Change in reported value | -0.1% |
| New positions | 12 |
| Exited positions | 7 |
| Position turnover | 15.2% |
| Top-10 concentration | 49.1% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 12, 2026
|
152 | $823.1M |
|
Q1 2026 13F
Filed May 11, 2026
|
152 | $785.3M |
|
Q4 2025 13F
Filed Jan 29, 2026
|
118 | $806.0M |
|
Q3 2025 13F
Filed Nov 13, 2025
|
112 | $806.5M |
|
Q2 2025 13F
Filed Aug 13, 2025
|
114 | $793.7M |
|
Q1 2025 13F
Filed May 15, 2025
|
112 | $756.2M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
111 | $747.0M |
|
Q3 2024 13F
Filed Nov 12, 2024
|
110 | $759.1M |
|
Q2 2024 13F
Filed Aug 14, 2024
|
102 | $718.2M |
|
Q1 2024 13F
Filed May 15, 2024
|
107 | $693.5M |
|
Q4 2023 13F
Filed Feb 13, 2024
|
107 | $622.5M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
106 | $633.4M |
|
Q2 2023 13F
Filed Aug 10, 2023
|
114 | $641.5M |
|
Q1 2023 13F
Filed May 15, 2023
|
115 | $630.1M |
|
Q4 2022 13F
Filed Feb 13, 2023
|
113 | $627.9M |
|
Q3 2022 13F
Filed Nov 9, 2022
|
99 | $576.5M |
|
Q2 2022 13F
Filed Aug 11, 2022
|
103 | $597.0M |
|
Q1 2022 13F
Filed May 13, 2022
|
110 | $650.7M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
107 | $569.1M |
|
Q3 2021 13F
Filed Nov 15, 2021
|
97 | $587.9M |
27 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | 370990228 GENERAL MNY MKT FUND | $96.0M | 11.91% |
| 2 | JGH NUVEEN GLOBAL HIGH INCOME FD SHS | $47.3M | 5.87% |
| 3 | AWF ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FD IN | $39.7M | 4.93% |
| 4 | HYT BLACKROCK CORPORATE HIGH YIELD FD VI INC C | $33.8M | 4.19% |
| 5 | UTF COHEN & STEERS INFRASTRUCTURE FD INC COM | $33.3M | 4.13% |
| 6 | DSL DOUBLELINE INCOME SOLUTIONS FD | $32.7M | 4.05% |
| 7 | BTI BRITISH AMERN TOB PLC SPONSORED ADR | $31.7M | 3.93% |
| 8 | XOM EXXON MOBIL CORP COM | $30.3M | 3.75% |
| 9 | PAGP PLAINS GP HLDGS L P LTD PARTNER INT CL A | $25.7M | 3.18% |
| 10 | FLS FLOWSERVE CORP | $25.4M | 3.15% |
| 11 | LLY ELI LILLY & CO COM | $23.1M | 2.86% |
| 12 | BWXT BWX TECHNOLOGIES INC COM | $22.2M | 2.75% |
| 13 | MMM 3M CO COM | $20.5M | 2.54% |
| 14 | EVT EATON VANCE TAX ADVANTAGED DIVID INCOME FU | $19.7M | 2.45% |
| 15 | GSST GOLDMAN SACHS ETF TR TR ACCESS ULTRA SHORT | $18.6M | 2.31% |
| 16 | DELL DELL TECHNOLOGIES INC CL C | $16.7M | 2.07% |
| 17 | NEA NUVEEN INSURED TAX FREE ADVANTAGE | $16.4M | 2.03% |
| 18 | NAD NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND | $16.4M | 2.03% |
| 19 | CSQ CALAMOS STRATEGIC TOTAL RETURN FD COM SH B | $15.3M | 1.9% |
| 20 | ET ENERGY TRANSFER LP COM UNITS | $14.8M | 1.84% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.