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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
VKQ icon
51
Invesco Municipal Trust
VKQ
$541M
$301K 0.01%
24,087
– –
MHN
52
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$259K 0.01%
19,700
– –
REXX
53
DELISTED
Rex Energy Corporation
REXX
$197K 0.01%
141,701
-1,767
-1% -$3.37K
CRK icon
54
Comstock Resources
CRK
$4.12B
– –
-78,894
Closed -$480K
TMUSP
55
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
– –
-200,782
Closed -$20.1M
ARNC.PRB
56
DELISTED
Arconic Inc.
ARNC.PRB
– –
-203,178
Closed -$7.9M
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 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.