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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
+0.25%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$3.64B
AUM Growth
-$277M
Cap. Flow
-$2.68B
Cap. Flow %
-73.48%
Top 10 Hldgs %
25.7%
Holding
162
New
4
Increased
5
Reduced
28
Closed
8

Top Buys

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
+$34M
2
FET icon
Forum Energy Technologies
FET
+$32.7M
3
GTLS.PRB
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
+$27M
4
NINE
Nine Energy Service
NINE
+$3.7M
5
KOS icon
Kosmos Energy
KOS
+$1.73M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$22.1M
2
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$12.9M
3
PDCE
PDC Energy, Inc.
PDCE
+$9.75M
4
NICE icon
Nice
NICE
+$7.36M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$4.55M

Sector Composition

Rank Sector Weight
1 Energy 7.6%
2 Technology 1.47%
3 Utilities 0.01%
4 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NRK icon
26
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$904M
$6.74M 0.19%
638,062
-137,170
-18% -$1.45M
MQY icon
27
BlackRock MuniYield Quality Fund
MQY
$808M
$5.45M 0.15%
460,649
– –
ENX
28
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$4.81M 0.13%
494,730
– –
VFL
29
DELISTED
abrdn National Municipal Income Fund
VFL
$4.51M 0.12%
423,080
– –
MAV
30
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$4.3M 0.12%
522,410
-151,592
-22% -$1.25M
NQP
31
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$3.84M 0.11%
336,051
-181,046
-35% -$2.07M
MHI
32
DELISTED
Pioneer Municipal High Income Fund
MHI
$3.82M 0.1%
429,137
-27,565
-6% -$246K
NINE
33
DELISTED
Nine Energy Service
NINE
$1.99M 0.05%
+358,250
New +$3.7M
MFM
34
Aberdeen Municipal Income Fund
MFM
$224M
$1.78M 0.05%
333,155
– –
KTF
35
DWS Municipal Income Trust
KTF
$347M
$1.6M 0.04%
179,378
– –
LQD icon
36
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$1.57M 0.04%
14,280
+9,000
+170% +$975K
BNY
37
DELISTED
BlackRock New York Municipal Income Trust
BNY
$1.09M 0.03%
105,138
– –
MBB icon
38
iShares MBS ETF
MBB
$38.9B
$857K 0.02%
9,050
– –
VPV icon
39
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$661K 0.02%
65,824
-12,679
-16% -$128K
BSX.PRA
40
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$411K 0.01%
3,400
– –
IEI icon
41
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
$362K 0.01%
3,080
-3,110
-50% -$361K
VST icon
42
Vistra
VST
$57B
$334K 0.01%
13,918
– –
QYLD icon
43
Global X NASDAQ-100 Covered Call ETF
QYLD
$8B
$327K 0.01%
19,046
-200
-1% -$3.33K
EIM
44
Eaton Vance Municipal Bond Fund
EIM
$495M
$303K 0.01%
29,175
-31,086
-52% -$319K
TLT icon
45
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$270K 0.01%
2,535
– –
AWF
46
AllianceBernstein Global High Income Fund
AWF
$869M
$266K 0.01%
27,416
-288
-1% -$2.85K
JQC icon
47
Nuveen Credit Strategies Income Fund
JQC
$702M
$254K 0.01%
49,712
-516
-1% -$2.71K
GHY
48
PGIM Global High Yield Fund
GHY
$486M
$251K 0.01%
22,844
-240
-1% -$2.73K
BTZ icon
49
BlackRock Credit Allocation Income Trust
BTZ
$930M
$250K 0.01%
24,340
-256
-1% -$2.73K
NBO
50
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$248K 0.01%
25,745
– –
1
2
3

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GC
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PA
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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 Q1 2023 Portfolio in Review

As of Q1 2023, Mackay Shields LLC held 162 positions worth $3.64B, down 7.1% from $3.92B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Mackay Shields LLC withdrew a net $2.68B in Q1 2023, closing 8 positions and reducing 28 holdings. Its most notable exit was Bank of America, an estimated $22.1M position sold in full.

By sector, the portfolio is most concentrated in Energy at 7.6% of assets, up from 6.6% a quarter earlier, followed by Technology and Utilities.

Against the trend, Mackay Shields LLC opened a new position in Forum Energy Technologies worth $28.4M.

  • Mackay Shields LLC's largest Q1 2023 buy was Forum Energy Technologies: 1,116,196 shares worth $28.4M.
  • Mackay Shields LLC added most to NextEra Energy, Inc. 6.926% Corporate Units in Q1 2023, an estimated $34M increase.
  • Mackay Shields LLC's biggest Q1 2023 reduction was Nice, cutting an estimated $7.36M.
  • Mackay Shields LLC fully exited Bank of America in Q1 2023, selling an estimated $22.1M.
  • Mackay Shields LLC's ten largest holdings make up 26% of its $3.64B portfolio in Q1 2023.
  • Mackay Shields LLC opened 4 new positions and closed 8 in Q1 2023.
  • Mackay Shields LLC's portfolio value fell 7.1% quarter-over-quarter to $3.64B.

Based on Mackay Shields LLC's 13F filing for Q1 2023, filed 27 Apr 2023.