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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
+0.99%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.01B
AUM Growth
+$173M
Cap. Flow
-$1.23B
Cap. Flow %
-61.23%
Top 10 Hldgs %
28.89%
Holding
119
New
12
Increased
14
Reduced
7
Closed
5

Top Buys

Rank Stock Value
1
PMO
Franklin Municipal Opportunities Trust
PMO
+$14M
2
AGN.PRA
Allergan plc
AGN.PRA
+$12.6M
3
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$12M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$10M
5
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
+$9.65M

Top Sells

Rank Stock Value
1
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
+$5.36M
2
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$4.3M
3
MUS
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
+$3.83M
4
CAR icon
Avis
CAR
+$2.76M
5
MYF
Blackrock Muni Yield Investment Fund, Inc.
MYF
+$1.81M

Sector Composition

Rank Sector Weight
1 Industrials 1.34%
2 Energy 0.73%
3 Consumer Discretionary 0.72%
4 Financials 0.44%
5 Real Estate 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AA.PRB
26
DELISTED
Alcoa Inc
AA.PRB
$6.72M 0.33%
203,178
– –
WELL.PRI
27
DELISTED
Welltower Inc.
WELL.PRI
$6.67M 0.33%
97,900
– –
MUI
28
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$6.36M 0.32%
+417,358
New +$6.28M
EXPE icon
29
Expedia Group
EXPE
$31.6B
$5.9M 0.29%
55,519
– –
VKQ icon
30
Invesco Municipal Trust
VKQ
$543M
$5.54M 0.28%
389,697
– –
NQP
31
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$5.5M 0.27%
356,785
-29,968
-8% -$448K
NRK icon
32
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$912M
$5.34M 0.27%
374,856
– –
MUJ icon
33
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$645M
$5.25M 0.26%
+323,240
New +$5.08M
MIY icon
34
BlackRock MuniYield Michigan Quality Fund
MIY
$355M
$4.8M 0.24%
+309,829
New +$4.69M
EOT
35
Eaton Vance National Municipal Opportunities Trust
EOT
$270M
$4.68M 0.23%
203,299
+27,386
+16% +$622K
BHI
36
DELISTED
Baker Hughes
BHI
$4.06M 0.2%
+90,000
New +$4.08M
VFL
37
DELISTED
abrdn National Municipal Income Fund
VFL
$3.78M 0.19%
+256,199
New +$3.65M
MFM
38
Aberdeen Municipal Income Fund
MFM
$227M
$3.24M 0.16%
427,052
+363,661
+574% +$2.67M
IQI icon
39
Invesco Quality Municipal Securities
IQI
$531M
$3.23M 0.16%
234,076
– –
CAR icon
40
Avis
CAR
$5.82B
$3.22M 0.16%
100,000
-100,000
-50% -$2.76M
BFO
41
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$3.09M 0.15%
203,891
+81,828
+67% +$1.24M
CXE
42
DELISTED
MFS High Income Municipal Trust
CXE
$2.55M 0.13%
462,916
+433,217
+1,459% +$2.31M
WY.PRA
43
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
$2.2M 0.11%
43,700
– –
REXX
44
DELISTED
Rex Energy Corporation
REXX
$2.16M 0.11%
+326,883
New +$2.72M
BTA
45
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$2M 0.1%
156,373
+123,868
+381% +$1.54M
NUM
46
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$1.9M 0.09%
124,070
+41,422
+50% +$612K
NMY
47
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$745K 0.04%
+52,397
New +$717K
DTF
48
DTF Tax-Free Income 2028 Term Fund
DTF
$80.8M
$453K 0.02%
+27,049
New +$447K
MIW
49
DELISTED
Eaton Vance Michigan Municipal Bond Fund
MIW
$419K 0.02%
+26,210
New +$403K
NNY icon
50
Nuveen New York Municipal Value Fund
NNY
$161M
– –
-15,192
Closed -$153K
1
2
3

Similar funds

GC
Giverny Capital Montreal, Quebec, Canada $2.73B AUM 14.09% 1-Year Est. Return
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 Q2 2016 Portfolio in Review

As of Q2 2016, Mackay Shields LLC held 119 positions worth $2.01B, up 9.4% from $1.84B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Mackay Shields LLC withdrew a net $1.23B in Q2 2016, closing 5 positions and reducing 7 holdings. Its most notable exit was CAMERON INTERNATIONAL CORPORATION, an estimated $5.36M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 1.3% of assets, down from 1.8% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Mackay Shields LLC opened a new position in Nuveen AMT-Free Municipal Credit Income Fund worth $10.4M.

  • Mackay Shields LLC's largest Q2 2016 buy was Nuveen AMT-Free Municipal Credit Income Fund: 639,783 shares worth $10.4M.
  • Mackay Shields LLC added most to Franklin Municipal Opportunities Trust in Q2 2016, an estimated $14M increase.
  • Mackay Shields LLC's biggest Q2 2016 reduction was Avis, cutting an estimated $2.76M.
  • Mackay Shields LLC fully exited CAMERON INTERNATIONAL CORPORATION in Q2 2016, selling an estimated $5.36M.
  • Mackay Shields LLC's ten largest holdings make up 29% of its $2.01B portfolio in Q2 2016.
  • Mackay Shields LLC opened 12 new positions and closed 5 in Q2 2016.
  • Mackay Shields LLC's portfolio value rose 9.4% quarter-over-quarter to $2.01B.

Based on Mackay Shields LLC's 13F filing for Q2 2016, filed 25 Jul 2016.