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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
+0.16%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.36B
AUM Growth
+$165M
(+7.5%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-58.9%
Top 10 Holdings %
Top 10 Hldgs %
25.38%
Holding
136
New
5
Increased
8
Reduced
8
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMT.PRB
American Tower Corporation
AMT.PRB
|
+$46.7M |
| 2 |
Encompass Health
EHC
|
+$37.7M |
| 3 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$35.3M |
| 4 |
Bank of America Series L
BAC.PRL
|
+$27.7M |
| 5 |
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
|
+$18.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMT.PRA
American Tower Corporation
AMT.PRA
|
+$38.1M |
| 2 |
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
|
+$1.19M |
| 3 |
EVM
Eaton Vance California Municipal Bond Fund
EVM
|
+$1.15M |
| 4 |
MQT
BlackRock MuniYield Quality Fund II
MQT
|
+$848K |
| 5 |
PMO
Franklin Municipal Opportunities Trust
PMO
|
+$817K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 3.69% |
| 2 | Healthcare | 1.68% |
| 3 | Consumer Discretionary | 1.31% |
| 4 | Industrials | 0.96% |
| 5 | Financials | 0.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BYM
51
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| – | – |
-32,505
| Closed | -$453K |
|
|
EVM
52
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
| – | – |
-101,142
| Closed | -$1.15M |
|
|
MQT
53
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| – | – |
-66,264
| Closed | -$848K |
|
54
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
| – | – |
-44,996
| Closed | -$638K |
|
|
MUE
55
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
| – | – |
-48,151
| Closed | -$638K |
|
|
MCA
56
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| – | – |
-42,649
| Closed | -$628K |
|
|
BAF
57
DELISTED
BLACKROCK MUNICIPAL INCOME INVESTMENT QUALITY TRUST
BAF
| – | – |
-33,402
| Closed | -$479K |
|
|
AMT.PRA
58
DELISTED
American Tower Corporation
AMT.PRA
| – | – |
-333,462
| Closed | -$38.1M |
|
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Mackay Shields LLC's Q2 2017 Portfolio in Review
As of Q2 2017, Mackay Shields LLC held 136 positions worth $2.36B, up 7.5% from $2.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Mackay Shields LLC withdrew a net $1.39B in Q2 2017, closing 8 positions and reducing 8 holdings. Its most notable exit was American Tower Corporation, an estimated $38.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 3.7% of assets, down from 4.8% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Mackay Shields LLC opened a new position in American Tower Corporation worth $47.9M.
- Mackay Shields LLC's largest Q2 2017 buy was American Tower Corporation: 396,010 shares worth $47.9M.
- Mackay Shields LLC added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q2 2017, an estimated $35.3M increase.
- Mackay Shields LLC's biggest Q2 2017 reduction was BlackRock MuniHoldings New Jersey Quality Fund, cutting an estimated $1.19M.
- Mackay Shields LLC fully exited American Tower Corporation in Q2 2017, selling an estimated $38.1M.
- Mackay Shields LLC's ten largest holdings make up 25% of its $2.36B portfolio in Q2 2017.
- Mackay Shields LLC opened 5 new positions and closed 8 in Q2 2017.
- Mackay Shields LLC's portfolio value rose 7.5% quarter-over-quarter to $2.36B.
Based on Mackay Shields LLC's 13F filing for Q2 2017, filed 13 Jul 2017.