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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
+0.13%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.89B
AUM Growth
-$51.8M
Cap. Flow
-$1.34B
Cap. Flow %
-70.73%
Top 10 Hldgs %
26.41%
Holding
140
New
11
Increased
7
Reduced
13
Closed
10

Top Buys

Rank Stock Value
1
ACT.PRA
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
+$28.2M
2
FCAM
Fiat Chrysler Automobiles N.V.
FCAM
+$19M
3
AMT.PRA
American Tower Corporation
AMT.PRA
+$14.8M
4
SWNC
Southwestern Energy Company
SWNC
+$11.6M
5
NMO
NUVEEN MUNI MARKET OPPORT FUND
NMO
+$11.4M

Top Sells

Rank Stock Value
1
GM icon
General Motors
GM
+$12.2M
2
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$4.2M
3
NIO
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
+$3.44M
4
NPM
NUVEEN PREMIUM INCM MUNI FD II
NPM
+$2.54M
5
NPT
NUVEEN PREM INSD MUNI FD-4 INC
NPT
+$1.92M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.04%
2 Energy 0.63%
3 Financials 0.38%
4 Materials 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WELL.PRI
26
DELISTED
Welltower Inc.
WELL.PRI
$6.63M 0.35%
97,900
– –
NQU
27
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$6.08M 0.32%
433,231
+220,690
+104% +$3.12M
NMA
28
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
$5.47M 0.29%
+397,849
New +$5.52M
HYMB icon
29
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.08B
$5.07M 0.27%
176,000
– –
NPP
30
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
$4.65M 0.25%
312,561
– –
IQI icon
31
Invesco Quality Municipal Securities
IQI
$531M
$4.09M 0.22%
+325,522
New +$4.12M
MUS
32
DELISTED
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
$3.82M 0.2%
283,145
– –
NUM
33
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$3.68M 0.2%
265,011
+145,458
+122% +$2.02M
CAM
34
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$3.61M 0.19%
80,000
– –
MUC icon
35
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$3.49M 0.18%
237,125
-48,674
-17% -$715K
MCA
36
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$3.44M 0.18%
219,662
-100,614
-31% -$1.56M
NGD
37
DELISTED
New Gold Inc
NGD
$2.75M 0.15%
811,671
-2,837
-0.3% -$11.2K
WY.PRA
38
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
$2.39M 0.13%
43,700
– –
NXZ
39
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
$2.02M 0.11%
142,505
– –
BFO
40
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$1.76M 0.09%
116,357
– –
MYD
41
DELISTED
BlackRock MuniYield Fund
MYD
$1.75M 0.09%
115,341
+10,300
+10% +$154K
GG
42
DELISTED
Goldcorp Inc
GG
$1.39M 0.07%
76,945
-1,045
-1% -$22.2K
MFM
43
Aberdeen Municipal Income Fund
MFM
$227M
$1.25M 0.07%
+184,560
New +$1.24M
MFT
44
DELISTED
BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND
MFT
$1.22M 0.06%
87,573
– –
DCUC
45
DELISTED
Dominion Energy, Inc.
DCUC
$1.14M 0.06%
23,200
– –
NAC icon
46
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$1.13M 0.06%
74,048
– –
NKX icon
47
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$661M
$1.06M 0.06%
+70,693
New +$1.05M
NEE.PRO
48
DELISTED
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
$1.02M 0.05%
15,491
– –
CXE
49
DELISTED
MFS High Income Municipal Trust
CXE
$972K 0.05%
200,000
– –
BIE
50
DELISTED
BLACKROCK MUNICIPAL BOND INVESTMENT TRUST
BIE
$743K 0.04%
50,000
– –
1
2
3

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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 Q1 2015 Portfolio in Review

As of Q1 2015, Mackay Shields LLC held 140 positions worth $1.89B, down 2.7% from $1.94B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Mackay Shields LLC withdrew a net $1.34B in Q1 2015, closing 10 positions and reducing 13 holdings. Its most notable exit was BlackRock Municipal Income Fund, Inc., an estimated $4.2M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3% of assets, down from 3.4% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in ACTAVIS PLC Pfd Conv Ser A (Irl) worth $27.3M.

  • Mackay Shields LLC's largest Q1 2015 buy was ACTAVIS PLC Pfd Conv Ser A (Irl): 26,950 shares worth $27.3M.
  • Mackay Shields LLC added most to American Tower Corporation in Q1 2015, an estimated $14.8M increase.
  • Mackay Shields LLC's biggest Q1 2015 reduction was General Motors, cutting an estimated $12.2M.
  • Mackay Shields LLC fully exited BlackRock Municipal Income Fund, Inc. in Q1 2015, selling an estimated $4.2M.
  • Mackay Shields LLC's ten largest holdings make up 26% of its $1.89B portfolio in Q1 2015.
  • Mackay Shields LLC opened 11 new positions and closed 10 in Q1 2015.
  • Mackay Shields LLC's portfolio value fell 2.7% quarter-over-quarter to $1.89B.

Based on Mackay Shields LLC's 13F filing for Q1 2015, filed 5 May 2015.