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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
-0.5%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.1B
AUM Growth
-$123M
Cap. Flow
-$1.67B
Cap. Flow %
-79.53%
Top 10 Hldgs %
28.47%
Holding
124
New
9
Increased
8
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
LEN icon
Lennar Class A
LEN
+$13.6M
2
ARNC.PRB
Arconic Inc.
ARNC.PRB
+$6.48M
3
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$2.74M
4
GLD icon
SPDR Gold Trust
GLD
+$2.28M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$1.31M

Top Sells

Rank Stock Value
1
CCI.PRA
Crown Castle International Corp.
CCI.PRA
+$31M
2
SWH
Stanley Black & Decker, Inc.
SWH
+$29M
3
FCAM
Fiat Chrysler Automobiles N.V.
FCAM
+$12.9M
4
AA.PRB
Alcoa Inc
AA.PRB
+$6.72M
5
DAL icon
Delta Air Lines
DAL
+$4.39M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 1.43%
2 Energy 1.11%
3 Industrials 0.99%
4 Financials 0.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MIY icon
26
BlackRock MuniYield Michigan Quality Fund
MIY
$355M
$6.14M 0.29%
451,928
– –
WELL.PRI
27
DELISTED
Welltower Inc.
WELL.PRI
$5.91M 0.28%
97,900
– –
RTX icon
28
RTX Corp
RTX
$262B
$5.82M 0.28%
84,384
-56,003
-40% -$3.71M
PQ
29
DELISTED
Petroquest Energy Inc Wd
PQ
$5.41M 0.26%
1,633,296
+1,661
+0.1% +$6.22K
NUM
30
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$4M 0.19%
300,000
– –
BTT icon
31
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$3.66M 0.17%
167,704
– –
VFL
32
DELISTED
abrdn National Municipal Income Fund
VFL
$3.37M 0.16%
256,199
– –
BHI
33
DELISTED
Baker Hughes
BHI
$3.34M 0.16%
51,357
-38,643
-43% -$2.29M
BFO
34
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$3.06M 0.15%
203,891
– –
MUJ icon
35
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$644M
$2.99M 0.14%
215,164
+82,357
+62% +$1.19M
MFM
36
Aberdeen Municipal Income Fund
MFM
$227M
$2.62M 0.12%
394,425
+46,901
+13% +$322K
NMY
37
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$2.49M 0.12%
200,000
– –
CRK icon
38
Comstock Resources
CRK
$4.12B
$2.05M 0.1%
208,387
-39,243
-16% -$365K
CXE
39
DELISTED
MFS High Income Municipal Trust
CXE
$1.77M 0.08%
361,805
– –
ETX
40
Eaton Vance Municipal Income 2028 Term Trust
ETX
$204M
$1.73M 0.08%
88,224
– –
IQI icon
41
Invesco Quality Municipal Securities
IQI
$531M
$1.32M 0.06%
106,659
+6,802
+7% +$86.6K
CWB icon
42
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.78B
$1.3M 0.06%
+28,593
New +$1.31M
REXX
43
DELISTED
Rex Energy Corporation
REXX
$1.24M 0.06%
263,617
-63,266
-19% -$305K
EVM
44
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$1.13M 0.05%
+98,842
New +$1.17M
ARCH
45
DELISTED
Arch Resources, Inc.
ARCH
$1.11M 0.05%
+14,197
New +$1.07M
BTA
46
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$1.01M 0.05%
89,446
– –
MYN icon
47
BlackRock MuniYield New York Quality Fund
MYN
$379M
$688K 0.03%
+54,187
New +$712K
BYM
48
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$451K 0.02%
+32,505
New +$465K
VKQ icon
49
Invesco Municipal Trust
VKQ
$541M
$295K 0.01%
24,087
– –
CMU
50
DELISTED
MFS High Yield Municipal Trust
CMU
$150K 0.01%
+33,907
New +$154K
1
2
3

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MASUI
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Mackay Shields LLC's Q4 2016 Portfolio in Review

As of Q4 2016, Mackay Shields LLC held 124 positions worth $2.1B, down 5.6% from $2.22B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Mackay Shields LLC withdrew a net $1.67B in Q4 2016, closing 6 positions and reducing 12 holdings. Its most notable exit was Crown Castle International Corp., an estimated $31M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 1.4% of assets, up from 0.7% a quarter earlier, followed by Energy and Industrials.

Against the trend, Mackay Shields LLC opened a new position in Lennar Class A worth $13.8M.

  • Mackay Shields LLC's largest Q4 2016 buy was Lennar Class A: 337,133 shares worth $13.8M.
  • Mackay Shields LLC added most to Bank of America Series L in Q4 2016, an estimated $2.74M increase.
  • Mackay Shields LLC's biggest Q4 2016 reduction was Delta Air Lines, cutting an estimated $4.39M.
  • Mackay Shields LLC fully exited Crown Castle International Corp. in Q4 2016, selling an estimated $31M.
  • Mackay Shields LLC's ten largest holdings make up 28% of its $2.1B portfolio in Q4 2016.
  • Mackay Shields LLC opened 9 new positions and closed 6 in Q4 2016.
  • Mackay Shields LLC's portfolio value fell 5.6% quarter-over-quarter to $2.1B.

Based on Mackay Shields LLC's 13F filing for Q4 2016, filed 10 Jan 2017.