McGowan Group Asset Management, Inc.

CIK 0001633227 · Q1 2026

13F Equity AUM

$785.3M

-2.6% QoQ

Positions

151

+25 QoQ

AUM Rank

#3,278

Top 26%

Skill Alpha (FF)

-4.1%/yr^ns

No Clear Edge

Rank #7,063 · Top 86%

vs S&P -13.2%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 25.6%Top 10: 44.2%Top 20: 68.0%

JGH5.9%

XOM5.4%

HYT4.9%

XAWFX4.8%

UTF4.6%

BMTA4.2%

PAGPEUR4.2%

DSL4.0%

FLS3.4%

FDX2.9%

Others (141)55.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services46.7%

Energy19.4%

Industrials12.5%

Technology6.1%

Consumer Defensive4.7%

Consumer Cyclical3.2%

Healthcare2.8%

Other4.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 151Median: 0.08%Avg: 0.66%

0–0.5%

110(8.0%)

0.5–1%

11(7.5%)

1–3%

21(43.1%)

3–5%

7(30.1%)

5%+

2(11.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 144Unique: 7vs 20 funds

2%Low

151

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

2.7%

BANK OF AMERICA CORP /DE/

2.9%

2.4%

3.2%

3.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.7%

GEODE CAPITAL MANAGEMENT, LLC

VANGUARD CAPITAL MANAGEMENT LLC

3.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New38Increased52Decreased42Exited12

New Positions

FDX2.9%

+63K

IFLO2.6%

+660K

SON2.0%

+295K

MU0.2%

+4K

GLW0.1%

+5K

AMGN0.1%

+1K

HTH0.1%

+12K

VAL-WT0.1%

+4K

ALK0.0%

+8K

POWL0.0%

+624

Increased

HYT4.9%

+756K(+20%)

RLGT0.2%

+79K(+56%)

XAWFX4.8%

+23K(+1%)

JGH5.9%

+23K(+1%)

ET2.3%

+20K(+2%)

XNEAX2.0%

+18K(+1%)

GSST2.5%

+18K(+5%)

NAD2.0%

+18K(+1%)

DSL4.0%

+17K(+1%)

NZF0.7%

+14K(+3%)

Decreased

BWXT2.3%

-41,364(-32%)

MSFT0.2%

-13,540(-79%)

ENVX0.3%

-11,677(-3%)

EXE0.2%

-10,202(-42%)

TXN0.6%

-7,967(-24%)

STKS0.2%

-5,000(-1%)

EQT1.7%

-4,402(-2%)

CSQ1.7%

-2,883(-0%)

CQP2.0%

-2,368(-1%)

PVL0.0%

-2,143(-2%)

Exited

GENERAL MNY MKT FUND

-96,011,095

-4,900,000

-14,144

-1,725,000

-660,000

-550,000

-12,380

-540,000

-3,500,000

-5,998

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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