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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
+1.62%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.74B
AUM Growth
+$49.5M
Cap. Flow
-$1.84B
Cap. Flow %
-67.13%
Top 10 Hldgs %
28.05%
Holding
165
New
4
Increased
6
Reduced
9
Closed
3

Top Buys

Rank Stock Value
1
XPO icon
XPO
XPO
+$29.4M
2
TMUS icon
T-Mobile US
TMUS
+$19.7M
3
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$7.5M
4
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$5.71M
5
WELL.PRI
Welltower Inc.
WELL.PRI
+$2.91M

Top Sells

Rank Stock Value
1
TMUSP
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
+$20.1M
2
AEO icon
American Eagle Outfitters
AEO
+$10.3M
3
TFX icon
Teleflex
TFX
+$10.1M
4
ARNC.PRB
Arconic Inc.
ARNC.PRB
+$7.9M
5
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$630K

Sector Composition

Rank Sector Weight
1 Energy 5.11%
2 Industrials 2.39%
3 Consumer Discretionary 1.29%
4 Communication Services 0.75%
5 Healthcare 0.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VMM
26
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$7.6M 0.28%
564,399
– –
HYD icon
27
VanEck High Yield Muni ETF
HYD
$4.47B
$7.53M 0.28%
120,693
– –
NQP
28
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.4M 0.27%
563,000
– –
RTX icon
29
RTX Corp
RTX
$262B
$6.78M 0.25%
84,384
– –
MIY icon
30
BlackRock MuniYield Michigan Quality Fund
MIY
$355M
$6.33M 0.23%
451,928
– –
HYMB icon
31
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.08B
$6.04M 0.22%
217,030
– –
ENX
32
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$5.94M 0.22%
481,489
– –
SWNC
33
DELISTED
Southwestern Energy Company
SWNC
$5.12M 0.19%
423,017
-6,984
-2% -$93.1K
NUM
34
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$3.98M 0.15%
300,000
– –
BTT icon
35
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$3.75M 0.14%
167,704
– –
VFL
36
DELISTED
abrdn National Municipal Income Fund
VFL
$3.4M 0.12%
256,199
– –
MFM
37
Aberdeen Municipal Income Fund
MFM
$227M
$2.98M 0.11%
433,879
+86,355
+25% +$602K
PQ
38
DELISTED
Petroquest Energy Inc Wd
PQ
$2.89M 0.11%
1,527,557
– –
BFO
39
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$2.7M 0.1%
187,485
– –
NMY
40
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$2.52M 0.09%
200,000
– –
MUJ icon
41
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$644M
$1.92M 0.07%
132,807
– –
ETX
42
Eaton Vance Municipal Income 2028 Term Trust
ETX
$204M
$1.72M 0.06%
82,787
– –
BKR icon
43
Baker Hughes
BKR
$56.2B
$1.63M 0.06%
51,357
– –
CXE
44
DELISTED
MFS High Income Municipal Trust
CXE
$1.59M 0.06%
303,705
– –
KTF
45
DWS Municipal Income Trust
KTF
$349M
$1.28M 0.05%
+107,816
New +$1.3M
IQI icon
46
Invesco Quality Municipal Securities
IQI
$531M
$1.25M 0.05%
99,857
– –
BTA
47
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$982K 0.04%
81,807
– –
HBANP
48
DELISTED
Huntington Bancshars Inc. Pfd Ser A
HBANP
$850K 0.03%
600
– –
MHI
49
DELISTED
Pioneer Municipal High Income Fund
MHI
$791K 0.03%
+66,722
New +$792K
CWB icon
50
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.78B
$498K 0.02%
+9,849
New +$507K
1
2
3

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MASUI
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LMIM
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XL
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PCM
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CIAS
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CA
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Mackay Shields LLC's Q4 2017 Portfolio in Review

As of Q4 2017, Mackay Shields LLC held 165 positions worth $2.74B, up 1.8% from $2.69B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Mackay Shields LLC withdrew a net $1.84B in Q4 2017, closing 3 positions and reducing 9 holdings. Its most notable exit was T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A, an estimated $20.1M position sold in full.

By sector, the portfolio is most concentrated in Energy at 5.1% of assets, up from 4.8% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Mackay Shields LLC opened a new position in T-Mobile US worth $20.6M.

  • Mackay Shields LLC's largest Q4 2017 buy was T-Mobile US: 323,636 shares worth $20.6M.
  • Mackay Shields LLC added most to XPO in Q4 2017, an estimated $29.4M increase.
  • Mackay Shields LLC's biggest Q4 2017 reduction was American Eagle Outfitters, cutting an estimated $10.3M.
  • Mackay Shields LLC fully exited T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A in Q4 2017, selling an estimated $20.1M.
  • Mackay Shields LLC's ten largest holdings make up 28% of its $2.74B portfolio in Q4 2017.
  • Mackay Shields LLC opened 4 new positions and closed 3 in Q4 2017.
  • Mackay Shields LLC's portfolio value rose 1.8% quarter-over-quarter to $2.74B.

Based on Mackay Shields LLC's 13F filing for Q4 2017, filed 24 Jan 2018.