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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
+0.41%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.22B
AUM Growth
+$211M
Cap. Flow
-$1.36B
Cap. Flow %
-61.09%
Top 10 Hldgs %
26.57%
Holding
123
New
7
Increased
10
Reduced
18
Closed
8

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26.7M
2
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$7.95M
3
MAR icon
Marriott International
MAR
+$6.21M
4
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$6.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$5.86M

Top Sells

Rank Stock Value
1
NMO
NUVEEN MUNI MARKET OPPORT FUND
NMO
+$10.2M
2
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
+$9.82M
3
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
+$8.15M
4
EXPE icon
Expedia Group
EXPE
+$5.9M
5
VKQ icon
Invesco Municipal Trust
VKQ
+$5.09M

Sector Composition

Rank Sector Weight
1 Industrials 1.24%
2 Energy 1.01%
3 Consumer Discretionary 0.7%
4 Financials 0.47%
5 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXPE icon
51
Expedia Group
EXPE
$30.6B
– –
-55,519
Closed -$5.9M
MIW
52
DELISTED
Eaton Vance Michigan Municipal Bond Fund
MIW
– –
-26,210
Closed -$419K
NPP
53
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
– –
-595,081
Closed -$9.82M
WY.PRA
54
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
– –
-43,700
Closed -$2.2M
HOT
55
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-110,170
Closed -$8.15M
NMO
56
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
– –
-674,680
Closed -$10.2M
1 2
3

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MASUI
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LMIM
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XL
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Mackay Shields LLC's Q3 2016 Portfolio in Review

As of Q3 2016, Mackay Shields LLC held 123 positions worth $2.22B, up 10% from $2.01B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Mackay Shields LLC withdrew a net $1.36B in Q3 2016, closing 8 positions and reducing 18 holdings. Its most notable exit was NUVEEN MUNI MARKET OPPORT FUND, an estimated $10.2M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 1.2% of assets, down from 1.3% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Mackay Shields LLC opened a new position in Nuveen AMT-Free Quality Municipal Income Fund worth $26.2M.

  • Mackay Shields LLC's largest Q3 2016 buy was Nuveen AMT-Free Quality Municipal Income Fund: 1,795,140 shares worth $26.2M.
  • Mackay Shields LLC added most to Nuveen AMT-Free Municipal Credit Income Fund in Q3 2016, an estimated $7.95M increase.
  • Mackay Shields LLC's biggest Q3 2016 reduction was Invesco Municipal Trust, cutting an estimated $5.09M.
  • Mackay Shields LLC fully exited NUVEEN MUNI MARKET OPPORT FUND in Q3 2016, selling an estimated $10.2M.
  • Mackay Shields LLC's ten largest holdings make up 27% of its $2.22B portfolio in Q3 2016.
  • Mackay Shields LLC opened 7 new positions and closed 8 in Q3 2016.
  • Mackay Shields LLC's portfolio value rose 10% quarter-over-quarter to $2.22B.

Based on Mackay Shields LLC's 13F filing for Q3 2016, filed 20 Oct 2016.