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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
+2.95%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.69B
AUM Growth
+$325M
Cap. Flow
-$1.61B
Cap. Flow %
-59.97%
Top 10 Hldgs %
28.32%
Holding
164
New
7
Increased
6
Reduced
12
Closed
5

Top Buys

Rank Stock Value
1
TFX icon
Teleflex
TFX
+$26.7M
2
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$16.7M
3
HYD icon
VanEck High Yield Muni ETF
HYD
+$7.51M
4
HYMB icon
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
+$6.21M
5
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$5.7M

Top Sells

Rank Stock Value
1
EHC icon
Encompass Health
EHC
+$39.6M
2
TSNU
Tyson Foods, Inc.
TSNU
+$28.1M
3
BHI
Baker Hughes
BHI
+$2.8M
4
MNDT
Mandiant, Inc. Common Stock
MNDT
+$1.62M
5
ENX
Eaton Vance New York Municipal Bond Fund
ENX
+$1.2M

Sector Composition

Rank Sector Weight
1 Energy 4.79%
2 Consumer Discretionary 1.36%
3 Healthcare 1.1%
4 Industrials 0.93%
5 Financials 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NQP
26
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.63M 0.28%
563,000
– –
HYD icon
27
VanEck High Yield Muni ETF
HYD
$4.47B
$7.56M 0.28%
+120,693
New +$7.51M
WELL.PRI
28
DELISTED
Welltower Inc.
WELL.PRI
$7.5M 0.28%
117,700
+19,800
+20% +$1.29M
MIY icon
29
BlackRock MuniYield Michigan Quality Fund
MIY
$355M
$6.31M 0.23%
451,928
-46,852
-9% -$661K
ENX
30
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$6.23M 0.23%
481,489
-93,847
-16% -$1.2M
SWNC
31
DELISTED
Southwestern Energy Company
SWNC
$6.21M 0.23%
430,001
+2,316
+0.5% +$31.7K
HYMB icon
32
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.08B
$6.2M 0.23%
+217,030
New +$6.21M
RTX icon
33
RTX Corp
RTX
$262B
$6.16M 0.23%
84,384
– –
NUM
34
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$4.1M 0.15%
300,000
– –
BTT icon
35
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$3.8M 0.14%
167,704
– –
PQ
36
DELISTED
Petroquest Energy Inc Wd
PQ
$3.5M 0.13%
1,527,557
-88,117
-5% -$174K
VFL
37
DELISTED
abrdn National Municipal Income Fund
VFL
$3.47M 0.13%
256,199
– –
BFO
38
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$2.82M 0.1%
187,485
-16,406
-8% -$247K
NMY
39
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$2.57M 0.1%
200,000
– –
MFM
40
Aberdeen Municipal Income Fund
MFM
$227M
$2.5M 0.09%
347,524
– –
MUJ icon
41
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$645M
$1.94M 0.07%
132,807
– –
BKR icon
42
Baker Hughes
BKR
$57.1B
$1.88M 0.07%
+51,357
New +$1.82M
ETX
43
Eaton Vance Municipal Income 2028 Term Trust
ETX
$202M
$1.7M 0.06%
82,787
-5,437
-6% -$112K
CXE
44
DELISTED
MFS High Income Municipal Trust
CXE
$1.59M 0.06%
303,705
-58,100
-16% -$307K
IQI icon
45
Invesco Quality Municipal Securities
IQI
$530M
$1.28M 0.05%
99,857
– –
BTA
46
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$991K 0.04%
81,807
-7,639
-9% -$92.6K
HBANP
47
DELISTED
Huntington Bancshars Inc. Pfd Ser A
HBANP
$864K 0.03%
+600
New +$867K
XPO icon
48
XPO
XPO
$25.1B
$686K 0.03%
+29,249
New +$613K
CRK icon
49
Comstock Resources
CRK
$4.08B
$480K 0.02%
78,894
-21,106
-21% -$137K
REXX
50
DELISTED
Rex Energy Corporation
REXX
$387K 0.01%
143,468
-20,022
-12% -$51.6K
1
2
3

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Mackay Shields LLC's Q3 2017 Portfolio in Review

As of Q3 2017, Mackay Shields LLC held 164 positions worth $2.69B, up 14% from $2.36B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Mackay Shields LLC withdrew a net $1.61B in Q3 2017, closing 5 positions and reducing 12 holdings. Its most notable exit was Encompass Health, an estimated $39.6M position sold in full.

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

Against the trend, Mackay Shields LLC opened a new position in Teleflex worth $29.6M.

  • Mackay Shields LLC's largest Q3 2017 buy was Teleflex: 122,510 shares worth $29.6M.
  • Mackay Shields LLC added most to Bank of America Series L in Q3 2017, an estimated $5.7M increase.
  • Mackay Shields LLC's biggest Q3 2017 reduction was Eaton Vance New York Municipal Bond Fund, cutting an estimated $1.2M.
  • Mackay Shields LLC fully exited Encompass Health in Q3 2017, selling an estimated $39.6M.
  • Mackay Shields LLC's ten largest holdings make up 28% of its $2.69B portfolio in Q3 2017.
  • Mackay Shields LLC opened 7 new positions and closed 5 in Q3 2017.
  • Mackay Shields LLC's portfolio value rose 14% quarter-over-quarter to $2.69B.

Based on Mackay Shields LLC's 13F filing for Q3 2017, filed 24 Oct 2017.