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MSL

Mackay Shields LLC Portfolio holdings

AUM $2.73B
1-Year Est. Return 2.13%
This Fund
S&P 500
This Quarter Est. Return
+0.37%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.66B
AUM Growth
+$793M
Cap. Flow
-$1.16B
Cap. Flow %
-43.83%
Top 10 Hldgs %
20.79%
Holding
678
New
128
Increased
5
Reduced
9
Closed
4

Top Buys

Rank Stock Value
1
ALLY.PRA
GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2
ALLY.PRA
+$19M
2
SWH
Stanley Black & Decker, Inc.
SWH
+$5.13M
3
TDW icon
Tidewater
TDW
+$4.89M
4
NQU
NUVEEN QUALITY INCOME MUNI FD
NQU
+$4.69M
5
CCI.PRA
Crown Castle International Corp.
CCI.PRA
+$4.66M

Top Sells

Rank Stock Value
1
GM.PRB
GENERAL MTRS CO JR PFD CONV SER B (DE)
GM.PRB
+$36.5M
2
USCR
U S Concrete, Inc.
USCR
+$9.71M
3
SWU
STANLEY BLACK & DECKER INC CORP UNIT
SWU
+$7.89M
4
BAC icon
Bank of America
BAC
+$6.46M
5
MRK icon
Merck
MRK
+$6.42M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.09%
2 Energy 1.59%
3 Financials 0.85%
4 Materials 0.49%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TIBX
26
DELISTED
TIBCO SOFTWARE INC
TIBX
$4.09M 0.15%
181,948
– –
NMZ icon
27
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.21B
$3.57M 0.13%
+297,717
New +$3.47M
NPM
28
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$3.52M 0.13%
+280,808
New +$3.53M
NPT
29
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
$3.35M 0.13%
+275,738
New +$3.23M
NXZ
30
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
$3.34M 0.13%
262,987
+186,452
+244% +$2.38M
MFL
31
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$3.12M 0.12%
+249,256
New +$3.16M
VKI icon
32
Invesco Advantage Municipal Income Trust II
VKI
$394M
$3.1M 0.12%
+294,194
New +$3.05M
NPP
33
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
$3.09M 0.12%
+228,660
New +$3.03M
MCA
34
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$2.96M 0.11%
217,229
+108,792
+100% +$1.49M
MYI icon
35
BlackRock MuniYield Quality Fund III
MYI
$715M
$2.69M 0.1%
+212,816
New +$2.68M
ESV
36
DELISTED
Ensco Rowan plc
ESV
– –
0
– –
MTCN
37
DELISTED
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
$2.6M 0.1%
+100,000
New +$2.44M
WY.PRA
38
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
$2.45M 0.09%
+43,700
New +$2.38M
SLB icon
39
SLB Ltd
SLB
$70.6B
$1.98M 0.07%
22,000
– –
NQP
40
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.95M 0.07%
157,999
– –
NPY
41
DELISTED
NUVEEN (PA)PREM INCM MUNI FD-2
NPY
$1.95M 0.07%
163,808
– –
BFO
42
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$1.76M 0.07%
116,357
– –
MEN
43
DELISTED
Blackrock Muni Enhanced Fund, Inc.
MEN
$1.61M 0.06%
+154,530
New +$1.59M
MYC
44
DELISTED
Blackrock Muni Yield California Fund, Inc.
MYC
$1.58M 0.06%
+114,553
New +$1.61M
NUM
45
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$1.5M 0.06%
119,553
– –
MYD
46
DELISTED
BlackRock MuniYield Fund
MYD
$1.35M 0.05%
105,041
– –
MUC icon
47
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$1.34M 0.05%
+101,253
New +$1.35M
MHD icon
48
BlackRock MuniHoldings Fund
MHD
$600M
$1.14M 0.04%
+78,730
New +$1.17M
MQT
49
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$1.07M 0.04%
+91,826
New +$1.08M
NCO
50
DELISTED
NUVEEN CALIF MUN MKT OPPOR FD
NCO
$958K 0.04%
70,681
– –
1
2
3

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GC
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PA
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MASUI
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LMIM
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XL
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PCM
Patient Capital Management Baltimore, Maryland $2.74B AUM 43.59% 1-Year Est. Return
CIAS
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CA
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Mackay Shields LLC's Q4 2013 Portfolio in Review

As of Q4 2013, Mackay Shields LLC held 678 positions worth $2.66B, up 43% from $1.86B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Mackay Shields LLC withdrew a net $1.16B in Q4 2013, closing 4 positions and reducing 9 holdings. Its most notable exit was GENERAL MTRS CO JR PFD CONV SER B (DE), an estimated $36.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.1% of assets, down from 4.2% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 worth $19M.

  • Mackay Shields LLC's largest Q4 2013 buy was GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2: 709,100 shares worth $19M.
  • Mackay Shields LLC added most to Tidewater in Q4 2013, an estimated $4.89M increase.
  • Mackay Shields LLC's biggest Q4 2013 reduction was U S Concrete, Inc., cutting an estimated $9.71M.
  • Mackay Shields LLC fully exited GENERAL MTRS CO JR PFD CONV SER B (DE) in Q4 2013, selling an estimated $36.5M.
  • Mackay Shields LLC's ten largest holdings make up 21% of its $2.66B portfolio in Q4 2013.
  • Mackay Shields LLC opened 128 new positions and closed 4 in Q4 2013.
  • Mackay Shields LLC's portfolio value rose 43% quarter-over-quarter to $2.66B.

Based on Mackay Shields LLC's 13F filing for Q4 2013, filed 28 Jan 2014.