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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
+0.07%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.98B
AUM Growth
-$672M
Cap. Flow
-$1.45B
Cap. Flow %
-73.16%
Top 10 Hldgs %
27.77%
Holding
243
New
6
Increased
16
Reduced
8
Closed
110

Top Buys

Rank Stock Value
1
MTCN
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
+$19.6M
2
SWH
Stanley Black & Decker, Inc.
SWH
+$13M
3
AMG icon
Affiliated Managers Group
AMG
+$9.19M
4
TGI
Triumph Group
TGI
+$7.31M
5
MLU
METLIFE, INC. COM EQUITY UNIT
MLU
+$5.68M

Top Sells

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
USCR
U S Concrete, Inc.
USCR
+$15.9M
3
C.PRN icon
Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN
+$4.36M
4
CLV
CLIFFS NAT RES INC. DEPO SHS REPSTG 1/40TH PFD CONV SER A
CLV
+$4.16M
5
NMZ icon
Nuveen Municipal High Income Opportunity Fund
NMZ
+$3.57M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.73%
2 Energy 2.21%
3 Financials 1.51%
4 Materials 0.8%
5 Industrials 0.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUI
26
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$4.18M 0.21%
294,225
– –
NPM
27
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$3.96M 0.2%
295,808
+15,000
+5% +$199K
ON icon
28
ON Semiconductor
ON
$35.9B
$3.76M 0.19%
+400,000
New +$3.59M
TIBX
29
DELISTED
TIBCO SOFTWARE INC
TIBX
$3.7M 0.19%
181,948
– –
NXZ
30
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
$3.57M 0.18%
264,187
+1,200
+0.5% +$16.1K
MCA
31
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$3.55M 0.18%
244,952
+27,723
+13% +$393K
VKI icon
32
Invesco Advantage Municipal Income Trust II
VKI
$400M
$3.45M 0.17%
314,194
+20,000
+7% +$218K
NPT
33
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
$3.42M 0.17%
275,738
– –
MFL
34
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$3.34M 0.17%
249,256
– –
NPP
35
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
$3.31M 0.17%
228,660
– –
MYI icon
36
BlackRock MuniYield Quality Fund III
MYI
$721M
$2.89M 0.15%
212,816
– –
ESV
37
DELISTED
Ensco Rowan plc
ESV
$2.48M 0.13%
+11,750
New +$2.46M
MHD icon
38
BlackRock MuniHoldings Fund
MHD
$607M
$2.41M 0.12%
154,421
+75,691
+96% +$1.16M
WY.PRA
39
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
$2.39M 0.12%
43,700
– –
MUC icon
40
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$2.16M 0.11%
155,050
+53,797
+53% +$740K
SLB icon
41
SLB Ltd
SLB
$71.3B
$2.15M 0.11%
22,000
– –
MYC
42
DELISTED
Blackrock Muni Yield California Fund, Inc.
MYC
$2.13M 0.11%
144,553
+30,000
+26% +$434K
ATI icon
43
ATI
ATI
$26.7B
$1.97M 0.1%
+52,353
New +$1.76M
MQT
44
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$1.97M 0.1%
157,342
+65,516
+71% +$807K
NPF
45
DELISTED
NUVEEN PREMIER MUNI INCOME FD
NPF
$1.83M 0.09%
139,280
+63,918
+85% +$840K
BFO
46
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$1.76M 0.09%
116,357
– –
MEN
47
DELISTED
Blackrock Muni Enhanced Fund, Inc.
MEN
$1.69M 0.09%
154,530
– –
NUM
48
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$1.62M 0.08%
119,553
– –
MYD
49
DELISTED
BlackRock MuniYield Fund
MYD
$1.44M 0.07%
105,041
– –
X
50
DELISTED
US Steel
X
$1.38M 0.07%
+50,000
New +$1.31M
1
2
3

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GC
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PA
Profund Advisors Bethesda, Maryland $2.72B AUM 47.27% 1-Year Est. Return
MASUI
MIRAE ASSET SECURITIES (USA) INC. New York $2.72B AUM 36.56% 1-Year Est. Return
LMIM
Lockheed Martin Investment Management Bethesda, Maryland $2.73B AUM 28.24% 1-Year Est. Return
XL
XN LP New York $2.72B AUM 46.67% 1-Year Est. Return
PCM
Patient Capital Management Baltimore, Maryland $2.74B AUM 43.59% 1-Year Est. Return
CIAS
CBIZ Investment Advisory Services Independence, Ohio $2.74B AUM 14.19% 1-Year Est. Return
CA
Cornerstone Advisors Asheville, North Carolina $2.72B AUM 22.17% 1-Year Est. Return

Mackay Shields LLC's Q1 2014 Portfolio in Review

As of Q1 2014, Mackay Shields LLC held 243 positions worth $1.98B, down 25% from $2.66B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Mackay Shields LLC withdrew a net $1.45B in Q1 2014, closing 110 positions and reducing 8 holdings. Its most notable exit was GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2, an estimated $19M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.7% of assets, up from 3.1% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in Affiliated Managers Group worth $9.36M.

  • Mackay Shields LLC's largest Q1 2014 buy was Affiliated Managers Group: 46,796 shares worth $9.36M.
  • Mackay Shields LLC added most to ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in Q1 2014, an estimated $19.6M increase.
  • Mackay Shields LLC's biggest Q1 2014 reduction was U S Concrete, Inc., cutting an estimated $15.9M.
  • Mackay Shields LLC fully exited GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 in Q1 2014, selling an estimated $19M.
  • Mackay Shields LLC's ten largest holdings make up 28% of its $1.98B portfolio in Q1 2014.
  • Mackay Shields LLC opened 6 new positions and closed 110 in Q1 2014.
  • Mackay Shields LLC's portfolio value fell 25% quarter-over-quarter to $1.98B.

Based on Mackay Shields LLC's 13F filing for Q1 2014, filed 8 May 2014.