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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
+0.35%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.94B
AUM Growth
+$8.34M
Cap. Flow
-$1.4B
Cap. Flow %
-72.22%
Top 10 Hldgs %
30.15%
Holding
137
New
4
Increased
7
Reduced
10
Closed
6

Top Buys

Rank Stock Value
1
UTX.PRA
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
+$21.6M
2
TMUSP
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
+$10.4M
3
AMT.PRA
American Tower Corporation
AMT.PRA
+$9.25M
4
CXE
MFS High Income Municipal Trust
CXE
+$962K
5
MFL
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
+$904K

Top Sells

Rank Stock Value
1
MLU
METLIFE, INC. COM EQUITY UNIT
MLU
+$49M
2
C icon
Citigroup
C
+$18M
3
BHI
Baker Hughes
BHI
+$13M
4
TGI
Triumph Group
TGI
+$6.95M
5
GM icon
General Motors
GM
+$2.21M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.4%
2 Energy 0.59%
3 Materials 0.25%
4 Financials 0%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NGD
26
DELISTED
New Gold Inc
NGD
$3.5M 0.18%
814,508
– –
NIO
27
DELISTED
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
$3.44M 0.18%
234,647
– –
NQU
28
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$2.97M 0.15%
212,541
-51,927
-20% -$720K
NPM
29
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$2.54M 0.13%
179,256
-16,748
-9% -$234K
WY.PRA
30
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
$2.52M 0.13%
43,700
– –
NXZ
31
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
$2.01M 0.1%
142,505
– –
NPT
32
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
$1.92M 0.1%
144,999
– –
MHD icon
33
BlackRock MuniHoldings Fund
MHD
$607M
$1.92M 0.1%
111,906
-8,889
-7% -$146K
BFO
34
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$1.75M 0.09%
116,357
– –
NUM
35
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$1.63M 0.08%
119,553
– –
MYD
36
DELISTED
BlackRock MuniYield Fund
MYD
$1.55M 0.08%
105,041
– –
GG
37
DELISTED
Goldcorp Inc
GG
$1.44M 0.07%
77,990
– –
MYI icon
38
BlackRock MuniYield Quality Fund III
MYI
$721M
$1.26M 0.06%
89,461
– –
MQT
39
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$1.24M 0.06%
93,689
-27,335
-23% -$358K
DCUC
40
DELISTED
Dominion Energy, Inc.
DCUC
$1.22M 0.06%
23,200
– –
MFT
41
DELISTED
BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND
MFT
$1.21M 0.06%
87,573
+26,433
+43% +$363K
NAC icon
42
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$1.11M 0.06%
74,048
– –
NEE.PRO
43
DELISTED
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
$1.05M 0.05%
15,491
– –
CXE
44
DELISTED
MFS High Income Municipal Trust
CXE
$976K 0.05%
+200,000
New +$962K
BIE
45
DELISTED
BLACKROCK MUNICIPAL BOND INVESTMENT TRUST
BIE
$742K 0.04%
50,000
– –
NPF
46
DELISTED
NUVEEN PREMIER MUNI INCOME FD
NPF
$691K 0.04%
49,496
– –
ENX
47
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$503K 0.03%
+40,000
New +$499K
CWB icon
48
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.78B
$410K 0.02%
8,735
+8,169
+1,443% +$400K
DYN
49
DELISTED
Dynegy, Inc.
DYN
$398K 0.02%
13,120
– –
CMU
50
DELISTED
MFS High Yield Municipal Trust
CMU
$381K 0.02%
+86,802
New +$386K
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
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CIAS
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CA
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Mackay Shields LLC's Q4 2014 Portfolio in Review

As of Q4 2014, Mackay Shields LLC held 137 positions worth $1.94B, up 0.43% from $1.93B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Mackay Shields LLC withdrew a net $1.4B in Q4 2014, closing 6 positions and reducing 10 holdings. Its most notable exit was METLIFE, INC. COM EQUITY UNIT, an estimated $49M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.4% of assets, up from 3.3% a quarter earlier, followed by Energy and Materials.

Against the trend, Mackay Shields LLC opened a new position in T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A worth $10.6M.

  • Mackay Shields LLC's largest Q4 2014 buy was T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A: 200,000 shares worth $10.6M.
  • Mackay Shields LLC added most to UNITED TECHNOLOGIES CORP CORP UNIT (DE) in Q4 2014, an estimated $21.6M increase.
  • Mackay Shields LLC's biggest Q4 2014 reduction was General Motors, cutting an estimated $2.21M.
  • Mackay Shields LLC fully exited METLIFE, INC. COM EQUITY UNIT in Q4 2014, selling an estimated $49M.
  • Mackay Shields LLC's ten largest holdings make up 30% of its $1.94B portfolio in Q4 2014.
  • Mackay Shields LLC opened 4 new positions and closed 6 in Q4 2014.
  • Mackay Shields LLC's portfolio value rose 0.43% quarter-over-quarter to $1.94B.

Based on Mackay Shields LLC's 13F filing for Q4 2014, filed 29 Jan 2015.