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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
-0.57%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.95B
AUM Growth
+$64.7M
Cap. Flow
-$1.3B
Cap. Flow %
-66.4%
Top 10 Hldgs %
26.15%
Holding
132
New
5
Increased
4
Reduced
22
Closed
4

Top Buys

Rank Stock Value
1
AGN.PRA
Allergan plc
AGN.PRA
+$28M
2
GLD icon
SPDR Gold Trust
GLD
+$19.4M
3
DAL icon
Delta Air Lines
DAL
+$14.2M
4
SWNC
Southwestern Energy Company
SWNC
+$12.1M
5
NEE.PRO
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
+$10.5M

Top Sells

Rank Stock Value
1
ACT.PRA
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
+$27.3M
2
MTCN
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
+$13.8M
3
HYMB icon
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
+$5.07M
4
MFL
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
+$3.7M
5
MCA
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
+$3.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 2.61%
2 Industrials 0.68%
3 Energy 0.63%
4 Financials 0.41%
5 Materials 0.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NRK icon
26
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$914M
$6.85M 0.35%
545,845
– –
WELL.PRI
27
DELISTED
Welltower Inc.
WELL.PRI
$5.85M 0.3%
97,900
– –
VKI icon
28
Invesco Advantage Municipal Income Trust II
VKI
$400M
$5.78M 0.3%
526,929
-256,815
-33% -$2.92M
NMA
29
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
$5.17M 0.26%
397,849
– –
CAM
30
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$4.19M 0.21%
80,000
– –
IQI icon
31
Invesco Quality Municipal Securities
IQI
$531M
$3.85M 0.2%
325,522
– –
MUS
32
DELISTED
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
$3.67M 0.19%
283,145
– –
NUM
33
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$3.51M 0.18%
265,011
– –
NQU
34
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$3.34M 0.17%
250,228
-183,003
-42% -$2.5M
MFL
35
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$3.12M 0.16%
225,594
-264,861
-54% -$3.7M
MUC icon
36
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$2.59M 0.13%
184,842
-52,283
-22% -$757K
WY.PRA
37
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
$2.27M 0.12%
43,700
– –
NPP
38
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
$1.87M 0.1%
133,284
-179,277
-57% -$2.6M
BFO
39
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$1.72M 0.09%
116,357
– –
NGD
40
DELISTED
New Gold Inc
NGD
$1.65M 0.08%
611,671
-200,000
-25% -$654K
MYD
41
DELISTED
BlackRock MuniYield Fund
MYD
$1.45M 0.07%
104,738
-10,603
-9% -$154K
MTCN
42
DELISTED
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
$1.44M 0.07%
92,000
-815,200
-90% -$13.8M
GG
43
DELISTED
Goldcorp Inc
GG
$1.25M 0.06%
76,945
– –
MFM
44
Aberdeen Municipal Income Fund
MFM
$227M
$1.19M 0.06%
184,560
– –
MFT
45
DELISTED
BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND
MFT
$1.16M 0.06%
87,573
– –
DCUC
46
DELISTED
Dominion Energy, Inc.
DCUC
$1.1M 0.06%
23,200
– –
NKX icon
47
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$661M
$1M 0.05%
70,693
– –
CXE
48
DELISTED
MFS High Income Municipal Trust
CXE
$922K 0.05%
200,000
– –
BIE
49
DELISTED
BLACKROCK MUNICIPAL BOND INVESTMENT TRUST
BIE
$701K 0.04%
50,000
– –
NXZ
50
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
$520K 0.03%
38,744
-103,761
-73% -$1.43M
1
2
3

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MASUI
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LMIM
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XL
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Mackay Shields LLC's Q2 2015 Portfolio in Review

As of Q2 2015, Mackay Shields LLC held 132 positions worth $1.95B, up 3.4% from $1.89B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Mackay Shields LLC withdrew a net $1.3B in Q2 2015, closing 4 positions and reducing 22 holdings. Its most notable exit was ACTAVIS PLC Pfd Conv Ser A (Irl), an estimated $27.3M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 2.6% of assets, down from 3% a quarter earlier, followed by Industrials and Energy.

Against the trend, Mackay Shields LLC opened a new position in Allergan plc worth $27.9M.

  • Mackay Shields LLC's largest Q2 2015 buy was Allergan plc: 26,730 shares worth $27.9M.
  • Mackay Shields LLC added most to Southwestern Energy Company in Q2 2015, an estimated $12.1M increase.
  • Mackay Shields LLC's biggest Q2 2015 reduction was ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX), cutting an estimated $13.8M.
  • Mackay Shields LLC fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $27.3M.
  • Mackay Shields LLC's ten largest holdings make up 26% of its $1.95B portfolio in Q2 2015.
  • Mackay Shields LLC opened 5 new positions and closed 4 in Q2 2015.
  • Mackay Shields LLC's portfolio value rose 3.4% quarter-over-quarter to $1.95B.

Based on Mackay Shields LLC's 13F filing for Q2 2015, filed 3 Aug 2015.