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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
+0.16%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.36B
AUM Growth
+$165M
Cap. Flow
-$1.39B
Cap. Flow %
-58.9%
Top 10 Hldgs %
25.38%
Holding
136
New
5
Increased
8
Reduced
8
Closed
8

Top Buys

Rank Stock Value
1
AMT.PRB
American Tower Corporation
AMT.PRB
+$46.7M
2
EHC icon
Encompass Health
EHC
+$37.7M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$35.3M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$27.7M
5
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$18.3M

Top Sells

Rank Stock Value
1
AMT.PRA
American Tower Corporation
AMT.PRA
+$38.1M
2
MUJ icon
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
+$1.19M
3
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$1.15M
4
MQT
BlackRock MuniYield Quality Fund II
MQT
+$848K
5
PMO
Franklin Municipal Opportunities Trust
PMO
+$817K

Sector Composition

Rank Sector Weight
1 Energy 3.69%
2 Healthcare 1.68%
3 Consumer Discretionary 1.31%
4 Industrials 0.96%
5 Financials 0.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ARNC.PRB
26
DELISTED
Arconic Inc.
ARNC.PRB
$7.32M 0.31%
203,178
– –
ENX
27
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$7.19M 0.3%
575,336
– –
MIY icon
28
BlackRock MuniYield Michigan Quality Fund
MIY
$355M
$7M 0.3%
498,780
– –
WELL.PRI
29
DELISTED
Welltower Inc.
WELL.PRI
$6.51M 0.28%
97,900
– –
RTX icon
30
RTX Corp
RTX
$261B
$6.49M 0.27%
84,384
– –
SWNC
31
DELISTED
Southwestern Energy Company
SWNC
$6.33M 0.27%
427,685
+6,247
+1% +$107K
NUM
32
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$4.11M 0.17%
300,000
– –
BTT icon
33
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$3.88M 0.16%
167,704
– –
VFL
34
DELISTED
abrdn National Municipal Income Fund
VFL
$3.42M 0.14%
256,199
– –
PQ
35
DELISTED
Petroquest Energy Inc Wd
PQ
$3.2M 0.14%
1,615,674
-3,394
-0.2% -$7.83K
BFO
36
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$3.08M 0.13%
203,891
– –
BHI
37
DELISTED
Baker Hughes
BHI
$2.8M 0.12%
51,357
– –
NMY
38
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$2.6M 0.11%
200,000
– –
MFM
39
Aberdeen Municipal Income Fund
MFM
$229M
$2.47M 0.1%
347,524
-46,901
-12% -$334K
MUJ icon
40
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$648M
$1.92M 0.08%
132,807
-82,357
-38% -$1.19M
CXE
41
DELISTED
MFS High Income Municipal Trust
CXE
$1.88M 0.08%
361,805
– –
ETX
42
Eaton Vance Municipal Income 2028 Term Trust
ETX
$202M
$1.77M 0.08%
88,224
– –
MNDT
43
DELISTED
Mandiant, Inc. Common Stock
MNDT
$1.62M 0.07%
+106,360
New +$1.51M
IQI icon
44
Invesco Quality Municipal Securities
IQI
$535M
$1.27M 0.05%
99,857
-48,569
-33% -$611K
BTA
45
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$1.05M 0.04%
89,446
-43,071
-33% -$506K
MHN
46
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$909K 0.04%
69,174
+59,174
+592% +$815K
CRK icon
47
Comstock Resources
CRK
$3.9B
$707K 0.03%
100,000
– –
REXX
48
DELISTED
Rex Energy Corporation
REXX
$472K 0.02%
163,490
-4,926
-3% -$17.7K
VKQ icon
49
Invesco Municipal Trust
VKQ
$547M
$309K 0.01%
24,087
– –
SN
50
DELISTED
Sanchez Energy Corporation
SN
$119K 0.01%
16,611
+3,362
+25% +$24.9K
1
2
3

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MASUI
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XL
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Mackay Shields LLC's Q2 2017 Portfolio in Review

As of Q2 2017, Mackay Shields LLC held 136 positions worth $2.36B, up 7.5% from $2.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Mackay Shields LLC withdrew a net $1.39B in Q2 2017, closing 8 positions and reducing 8 holdings. Its most notable exit was American Tower Corporation, an estimated $38.1M position sold in full.

By sector, the portfolio is most concentrated in Energy at 3.7% of assets, down from 4.8% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Mackay Shields LLC opened a new position in American Tower Corporation worth $47.9M.

  • Mackay Shields LLC's largest Q2 2017 buy was American Tower Corporation: 396,010 shares worth $47.9M.
  • Mackay Shields LLC added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q2 2017, an estimated $35.3M increase.
  • Mackay Shields LLC's biggest Q2 2017 reduction was BlackRock MuniHoldings New Jersey Quality Fund, cutting an estimated $1.19M.
  • Mackay Shields LLC fully exited American Tower Corporation in Q2 2017, selling an estimated $38.1M.
  • Mackay Shields LLC's ten largest holdings make up 25% of its $2.36B portfolio in Q2 2017.
  • Mackay Shields LLC opened 5 new positions and closed 8 in Q2 2017.
  • Mackay Shields LLC's portfolio value rose 7.5% quarter-over-quarter to $2.36B.

Based on Mackay Shields LLC's 13F filing for Q2 2017, filed 13 Jul 2017.