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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
+1.28%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$3.58B
AUM Growth
-$65.1M
Cap. Flow
-$2.73B
Cap. Flow %
-76.38%
Top 10 Hldgs %
26.03%
Holding
151
New
1
Increased
3
Reduced
25
Closed
4

Top Buys

Rank Stock Value
1
DHR icon
Danaher
DHR
+$35.9M
2
NICE icon
Nice
NICE
+$10.7M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$57.7K
4
GTLS.PRB
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
+$51.7K

Top Sells

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$109M
2
GPOR icon
Gulfport Energy Corp
GPOR
+$46.3M
3
BDXB
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
+$17.6M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$4.37M
5
CHRD icon
Chord Energy
CHRD
+$3.02M

Sector Composition

Rank Sector Weight
1 Energy 7.47%
2 Technology 1.65%
3 Healthcare 1.01%
4 Utilities 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BDXB
51
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
– –
-351,857
Closed -$17.6M
BSX.PRA
52
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
– –
-3,400
Closed -$411K
DHR.PRB
53
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
– –
-85,206
Closed -$109M
1 2
3

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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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Mackay Shields LLC's Q2 2023 Portfolio in Review

As of Q2 2023, Mackay Shields LLC held 151 positions worth $3.58B, down 1.8% from $3.64B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Mackay Shields LLC withdrew a net $2.73B in Q2 2023, closing 4 positions and reducing 25 holdings. Its most notable exit was Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B, an estimated $109M position sold in full.

By sector, the portfolio is most concentrated in Energy at 7.5% of assets, down from 7.6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Mackay Shields LLC opened a new position in Danaher worth $36.1M.

  • Mackay Shields LLC's largest Q2 2023 buy was Danaher: 169,445 shares worth $36.1M.
  • Mackay Shields LLC added most to Nice in Q2 2023, an estimated $10.7M increase.
  • Mackay Shields LLC's biggest Q2 2023 reduction was Gulfport Energy Corp, cutting an estimated $46.3M.
  • Mackay Shields LLC fully exited Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q2 2023, selling an estimated $109M.
  • Mackay Shields LLC's ten largest holdings make up 26% of its $3.58B portfolio in Q2 2023.
  • Mackay Shields LLC opened 1 new position and closed 4 in Q2 2023.
  • Mackay Shields LLC's portfolio value fell 1.8% quarter-over-quarter to $3.58B.

Based on Mackay Shields LLC's 13F filing for Q2 2023, filed 27 Jul 2023.