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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
+0.37%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.66B
AUM Growth
+$793M
Cap. Flow
-$1.16B
Cap. Flow %
-43.83%
Top 10 Hldgs %
20.79%
Holding
678
New
128
Increased
5
Reduced
9
Closed
4

Top Buys

Rank Stock Value
1
ALLY.PRA
GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2
ALLY.PRA
+$19M
2
SWH
Stanley Black & Decker, Inc.
SWH
+$5.13M
3
TDW icon
Tidewater
TDW
+$4.89M
4
NQU
NUVEEN QUALITY INCOME MUNI FD
NQU
+$4.69M
5
CCI.PRA
Crown Castle International Corp.
CCI.PRA
+$4.66M

Top Sells

Rank Stock Value
1
GM.PRB
GENERAL MTRS CO JR PFD CONV SER B (DE)
GM.PRB
+$36.5M
2
USCR
U S Concrete, Inc.
USCR
+$9.71M
3
SWU
STANLEY BLACK & DECKER INC CORP UNIT
SWU
+$7.89M
4
BAC icon
Bank of America
BAC
+$6.46M
5
MRK icon
Merck
MRK
+$6.42M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.09%
2 Energy 1.59%
3 Financials 0.85%
4 Materials 0.49%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NPF
51
DELISTED
NUVEEN PREMIER MUNI INCOME FD
NPF
$932K 0.04%
+75,362
New +$933K
HYMB icon
52
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.06B
$919K 0.03%
36,000
– –
NEE.PRO
53
DELISTED
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
$877K 0.03%
15,491
– –
FNM.PRS
54
DELISTED
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD SER S (USA)
FNM.PRS
$788K 0.03%
+90,000
New +$788K
FRE.PRZ
55
DELISTED
FREDDIE MAC FIXED FLG RT NON CUM PERP PREF
FRE.PRZ
$486K 0.02%
+54,150
New +$486K
MUJ icon
56
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$640M
$289K 0.01%
22,040
– –
DYN
57
DELISTED
Dynegy, Inc.
DYN
$282K 0.01%
13,120
– –
CWB icon
58
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.74B
$222K 0.01%
+4,760
New +$219K
NRK icon
59
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$904M
$209K 0.01%
17,036
– –
NAN icon
60
Nuveen New York Quality Municipal Income Fund
NAN
$375M
$164K 0.01%
12,886
– –
DXM
61
DELISTED
DEX MEDIA INC NEW COM STK (DE)
DXM
$3K ﹤0.01%
+464
New +$2.92K
VRNT
62
DELISTED
Verint Systems
VRNT
$2K ﹤0.01%
+104
New +$2.02K
MESG
63
DELISTED
XURA INC COM (DE)
MESG
$2K ﹤0.01%
+41
New +$1.38K
BAC icon
64
Bank of America
BAC
$430B
– –
-467,980
Closed -$6.46M
MET icon
65
MetLife
MET
$59.5B
– –
-8,395
Closed -$351K
MRK icon
66
Merck
MRK
$322B
– –
-141,344
Closed -$6.42M
GM.PRB
67
DELISTED
GENERAL MTRS CO JR PFD CONV SER B (DE)
GM.PRB
– –
-728,381
Closed -$36.5M
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 Q4 2013 Portfolio in Review

As of Q4 2013, Mackay Shields LLC held 678 positions worth $2.66B, up 43% from $1.86B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Mackay Shields LLC withdrew a net $1.16B in Q4 2013, closing 4 positions and reducing 9 holdings. Its most notable exit was GENERAL MTRS CO JR PFD CONV SER B (DE), an estimated $36.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.1% of assets, down from 4.2% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 worth $19M.

  • Mackay Shields LLC's largest Q4 2013 buy was GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2: 709,100 shares worth $19M.
  • Mackay Shields LLC added most to Tidewater in Q4 2013, an estimated $4.89M increase.
  • Mackay Shields LLC's biggest Q4 2013 reduction was U S Concrete, Inc., cutting an estimated $9.71M.
  • Mackay Shields LLC fully exited GENERAL MTRS CO JR PFD CONV SER B (DE) in Q4 2013, selling an estimated $36.5M.
  • Mackay Shields LLC's ten largest holdings make up 21% of its $2.66B portfolio in Q4 2013.
  • Mackay Shields LLC opened 128 new positions and closed 4 in Q4 2013.
  • Mackay Shields LLC's portfolio value rose 43% quarter-over-quarter to $2.66B.

Based on Mackay Shields LLC's 13F filing for Q4 2013, filed 28 Jan 2014.