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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
+0.41%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.22B
AUM Growth
+$211M
Cap. Flow
-$1.36B
Cap. Flow %
-61.09%
Top 10 Hldgs %
26.57%
Holding
123
New
7
Increased
10
Reduced
18
Closed
8

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26.7M
2
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$7.95M
3
MAR icon
Marriott International
MAR
+$6.21M
4
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$6.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$5.86M

Top Sells

Rank Stock Value
1
NMO
NUVEEN MUNI MARKET OPPORT FUND
NMO
+$10.2M
2
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
+$9.82M
3
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
+$8.15M
4
EXPE icon
Expedia Group
EXPE
+$5.9M
5
VKQ icon
Invesco Municipal Trust
VKQ
+$5.09M

Sector Composition

Rank Sector Weight
1 Industrials 1.24%
2 Energy 1.01%
3 Consumer Discretionary 0.7%
4 Financials 0.47%
5 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MIY icon
26
BlackRock MuniYield Michigan Quality Fund
MIY
$355M
$6.83M 0.31%
451,928
+142,099
+46% +$2.17M
ENX
27
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$6.78M 0.31%
473,489
-31,799
-6% -$454K
AA.PRB
28
DELISTED
Alcoa Inc
AA.PRB
$6.72M 0.3%
203,178
– –
WELL.PRI
29
DELISTED
Welltower Inc.
WELL.PRI
$6.55M 0.3%
97,900
– –
MAR icon
30
Marriott International
MAR
$97.4B
$5.93M 0.27%
+88,136
New +$6.21M
PQ
31
DELISTED
Petroquest Energy Inc Wd
PQ
$5.64M 0.25%
+1,631,635
New +$4.51M
BHI
32
DELISTED
Baker Hughes
BHI
$4.54M 0.2%
90,000
– –
NUM
33
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$4.42M 0.2%
300,000
+175,930
+142% +$2.68M
BTT icon
34
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$4.07M 0.18%
+167,704
New +$4.03M
VFL
35
DELISTED
abrdn National Municipal Income Fund
VFL
$3.63M 0.16%
256,199
– –
BFO
36
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$3.13M 0.14%
203,891
– –
CAR icon
37
Avis
CAR
$5.84B
$2.83M 0.13%
82,700
-17,300
-17% -$627K
NMY
38
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$2.77M 0.12%
200,000
+147,603
+282% +$2.11M
MFM
39
Aberdeen Municipal Income Fund
MFM
$227M
$2.6M 0.12%
347,524
-79,528
-19% -$590K
MUJ icon
40
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$646M
$2.08M 0.09%
132,807
-190,433
-59% -$3.04M
CXE
41
DELISTED
MFS High Income Municipal Trust
CXE
$1.94M 0.09%
361,805
-101,111
-22% -$549K
REXX
42
DELISTED
Rex Energy Corporation
REXX
$1.91M 0.09%
326,883
– –
CRK icon
43
Comstock Resources
CRK
$4B
$1.89M 0.09%
+247,630
New +$1.37M
ETX
44
Eaton Vance Municipal Income 2028 Term Trust
ETX
$202M
$1.87M 0.08%
+88,224
New +$1.87M
IQI icon
45
Invesco Quality Municipal Securities
IQI
$531M
$1.38M 0.06%
99,857
-134,219
-57% -$1.86M
BTA
46
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$1.13M 0.05%
89,446
-66,927
-43% -$855K
PST icon
47
ProShares Trust UltraShort Lehman 7-10 Year Treasury
PST
$10.5M
$499K 0.02%
+24,800
New +$499K
VKQ icon
48
Invesco Municipal Trust
VKQ
$542M
$332K 0.02%
24,087
-365,610
-94% -$5.09M
DTF
49
DTF Tax-Free Income 2028 Term Fund
DTF
$80.8M
– –
-27,049
Closed -$453K
EOT
50
Eaton Vance National Municipal Opportunities Trust
EOT
$270M
– –
-203,299
Closed -$4.68M
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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Mackay Shields LLC's Q3 2016 Portfolio in Review

As of Q3 2016, Mackay Shields LLC held 123 positions worth $2.22B, up 10% from $2.01B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Mackay Shields LLC withdrew a net $1.36B in Q3 2016, closing 8 positions and reducing 18 holdings. Its most notable exit was NUVEEN MUNI MARKET OPPORT FUND, an estimated $10.2M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 1.2% of assets, down from 1.3% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Mackay Shields LLC opened a new position in Nuveen AMT-Free Quality Municipal Income Fund worth $26.2M.

  • Mackay Shields LLC's largest Q3 2016 buy was Nuveen AMT-Free Quality Municipal Income Fund: 1,795,140 shares worth $26.2M.
  • Mackay Shields LLC added most to Nuveen AMT-Free Municipal Credit Income Fund in Q3 2016, an estimated $7.95M increase.
  • Mackay Shields LLC's biggest Q3 2016 reduction was Invesco Municipal Trust, cutting an estimated $5.09M.
  • Mackay Shields LLC fully exited NUVEEN MUNI MARKET OPPORT FUND in Q3 2016, selling an estimated $10.2M.
  • Mackay Shields LLC's ten largest holdings make up 27% of its $2.22B portfolio in Q3 2016.
  • Mackay Shields LLC opened 7 new positions and closed 8 in Q3 2016.
  • Mackay Shields LLC's portfolio value rose 10% quarter-over-quarter to $2.22B.

Based on Mackay Shields LLC's 13F filing for Q3 2016, filed 20 Oct 2016.