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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
+0.71%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.86B
AUM Growth
-$82.5M
Cap. Flow
-$2.26B
Cap. Flow %
-79.08%
Top 10 Hldgs %
23.65%
Holding
140
New
2
Increased
1
Reduced
24
Closed
8

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$4.21M
2
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$1.24M
3
SECR
IQ MacKay Securitized Income ETF
SECR
+$291K

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$20.5M
2
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$14.3M
3
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$13.6M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$12.4M
5
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$5.88M

Sector Composition

Rank Sector Weight
1 Energy 1.95%
2 Technology 1.23%
3 Communication Services 0.23%
4 Consumer Staples 0.03%
5 Healthcare 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAC icon
51
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
– –
-511,343
Closed -$5.88M
NAD icon
52
Nuveen Quality Municipal Income Fund
NAD
$2.71B
– –
-1,058,093
Closed -$12.4M
NEA icon
53
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
– –
-1,801,320
Closed -$20.5M
NINE
54
DELISTED
Nine Energy Service
NINE
– –
-116,342
Closed -$73.5K
NVG icon
55
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.65B
– –
-1,165,469
Closed -$14.3M
VOD icon
56
Vodafone
VOD
$34.9B
– –
-371,152
Closed -$4.31M
1 2
3

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MASUI
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Mackay Shields LLC's Q4 2025 Portfolio in Review

As of Q4 2025, Mackay Shields LLC held 140 positions worth $2.86B, down 2.8% from $2.94B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Mackay Shields LLC withdrew a net $2.26B in Q4 2025, closing 8 positions and reducing 24 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $20.5M position sold in full.

By sector, the portfolio is most concentrated in Energy at 2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Mackay Shields LLC opened a new position in State Street SPDR Bloomberg Convertible Securities ETF worth $1.22M.

  • Mackay Shields LLC's largest Q4 2025 buy was State Street SPDR Bloomberg Convertible Securities ETF: 13,633 shares worth $1.22M.
  • Mackay Shields LLC added most to Bank of America Series L in Q4 2025, an estimated $4.21M increase.
  • Mackay Shields LLC's biggest Q4 2025 reduction was Nuveen Municipal Credit Income Fund, cutting an estimated $13.6M.
  • Mackay Shields LLC fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q4 2025, selling an estimated $20.5M.
  • Mackay Shields LLC's ten largest holdings make up 24% of its $2.86B portfolio in Q4 2025.
  • Mackay Shields LLC opened 2 new positions and closed 8 in Q4 2025.
  • Mackay Shields LLC's portfolio value fell 2.8% quarter-over-quarter to $2.86B.

Based on Mackay Shields LLC's 13F filing for Q4 2025, filed 29 Jan 2026.