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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
+8.28%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$14.7B
AUM Growth
+$2.19B
Cap. Flow
-$1.92B
Cap. Flow %
-13.03%
Top 10 Hldgs %
27.46%
Holding
1,621
New
167
Increased
614
Reduced
452
Closed
209

Top Buys

Rank Stock Value
1
PZA icon
Invesco National AMT-Free Municipal Bond ETF
PZA
+$148M
2
WLL
Whiting Petroleum Corporation
WLL
+$46M
3
PCGU
PG&E Corporation
PCGU
+$36.3M
4
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$30.3M
5
PII icon
Polaris
PII
+$21.1M

Top Sells

Rank Stock Value
1
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$27.5M
2
ULTR
IQ Ultra Short Duration ETF
ULTR
+$24.7M
3
MMIN icon
IQ MacKay Municipal Insured ETF
MMIN
+$24.1M
4
ORLY icon
O'Reilly Automotive
ORLY
+$20M
5
CLGX
Corelogic, Inc.
CLGX
+$17M

Sector Composition

Rank Sector Weight
1 Technology 16.41%
2 Healthcare 9.48%
3 Consumer Discretionary 8.4%
4 Financials 7.48%
5 Communication Services 5.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VGM icon
726
Invesco Trust Investment Grade Municipals
VGM
$549M
$1.94M 0.01%
155,897
-20,254
-11% -$255K
CRVL icon
727
CorVel
CRVL
$3.13B
$1.93M 0.01%
67,800
-300
-0.4% -$8.05K
TDY icon
728
Teledyne Technologies
TDY
$30B
$1.93M 0.01%
6,220
-4,899
-44% -$1.55M
ANET icon
729
Arista Networks
ANET
$213B
$1.92M 0.01%
148,544
+9,552
+7% +$131K
HRTX icon
730
Heron Therapeutics
HRTX
$86.3M
$1.92M 0.01%
129,626
+21,200
+20% +$331K
TGTX icon
731
TG Therapeutics
TGTX
$8.53B
$1.91M 0.01%
71,500
+12,700
+22% +$292K
ICPT
732
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$1.9M 0.01%
45,726
+16,200
+55% +$744K
HES
733
DELISTED
Hess
HES
$1.89M 0.01%
46,267
+4,938
+12% +$235K
RF icon
734
Regions Financial
RF
$26.1B
$1.88M 0.01%
163,035
+8,099
+5% +$90.3K
IT icon
735
Gartner
IT
$10.1B
$1.88M 0.01%
15,009
+767
+5% +$97.5K
INOV
736
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
$1.87M 0.01%
+70,700
New +$1.65M
SWX icon
737
Southwest Gas
SWX
$6.67B
$1.87M 0.01%
+29,600
New +$1.98M
WAB icon
738
Wabtec
WAB
$50.3B
$1.87M 0.01%
30,197
+1,322
+5% +$84.8K
WDC icon
739
Western Digital
WDC
$168B
$1.87M 0.01%
67,628
+4,931
+8% +$147K
HMSY
740
DELISTED
HMS Holdings Corp.
HMSY
$1.85M 0.01%
77,300
+1,000
+1% +$29.4K
APLS
741
DELISTED
Apellis Pharmaceuticals
APLS
$1.85M 0.01%
61,300
+6,500
+12% +$194K
TBBK icon
742
The Bancorp
TBBK
$2.82B
$1.85M 0.01%
213,606
+6,500
+3% +$59.7K
DFIN icon
743
Donnelley Financial Solutions
DFIN
$1.27B
$1.84M 0.01%
+137,900
New +$1.43M
TWST icon
744
Twist Bioscience
TWST
$5.34B
$1.84M 0.01%
+24,200
New +$1.51M
QTWO icon
745
Q2 Holdings
QTWO
$3.66B
$1.83M 0.01%
20,100
-100
-0.5% -$9.33K
CFG icon
746
Citizens Financial Group
CFG
$29.9B
$1.83M 0.01%
72,437
+2,742
+4% +$69.6K
MNR
747
DELISTED
Monmouth Real Estate Investment Corp
MNR
$1.82M 0.01%
131,700
-700
-0.5% -$9.98K
AVY icon
748
Avery Dennison
AVY
$12.5B
$1.82M 0.01%
14,256
+1,123
+9% +$133K
CARS icon
749
Cars.com
CARS
$669M
$1.82M 0.01%
+225,500
New +$1.75M
CUBI icon
750
Customers Bancorp
CUBI
$2.65B
$1.81M 0.01%
161,761
+13,600
+9% +$161K
28 29
30
31 32

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MASUI
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XL
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Mackay Shields LLC's Q3 2020 Portfolio in Review

As of Q3 2020, Mackay Shields LLC held 1,621 positions worth $14.7B, up 17% from $12.5B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Mackay Shields LLC withdrew a net $1.92B in Q3 2020, closing 209 positions and reducing 452 holdings. Its most notable exit was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, an estimated $27.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Mackay Shields LLC opened a new position in Invesco National AMT-Free Municipal Bond ETF worth $146M.

  • Mackay Shields LLC's largest Q3 2020 buy was Invesco National AMT-Free Municipal Bond ETF: 5,500,000 shares worth $146M.
  • Mackay Shields LLC added most to BlackRock Municipal 2030 Target Term Trust in Q3 2020, an estimated $30.3M increase.
  • Mackay Shields LLC's biggest Q3 2020 reduction was O'Reilly Automotive, cutting an estimated $20M.
  • Mackay Shields LLC fully exited Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in Q3 2020, selling an estimated $27.5M.
  • Mackay Shields LLC's ten largest holdings make up 27% of its $14.7B portfolio in Q3 2020.
  • Mackay Shields LLC opened 167 new positions and closed 209 in Q3 2020.
  • Mackay Shields LLC's portfolio value rose 17% quarter-over-quarter to $14.7B.

Based on Mackay Shields LLC's 13F filing for Q3 2020, filed 4 Nov 2020.