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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
TRUP icon
926
Trupanion
TRUP
$1.08B
$1.09M 0.01%
+13,800
New +$828K
IDT icon
927
IDT Corp
IDT
$1.66B
$1.09M 0.01%
165,400
-73,400
-31% -$484K
ATRA icon
928
Atara Biotherapeutics
ATRA
$71.5M
$1.08M 0.01%
3,345
-516
-13% -$176K
BAND
929
Bandwidth Inc
BAND
$1.83B
$1.08M 0.01%
+6,200
New +$918K
TRIP icon
930
TripAdvisor
TRIP
$1.67B
$1.08M 0.01%
55,257
+18,909
+52% +$397K
NWL icon
931
Newell Brands
NWL
$2.23B
$1.08M 0.01%
62,665
+3,166
+5% +$52.8K
RMR icon
932
The RMR Group
RMR
$344M
$1.07M 0.01%
39,000
-2,279
-6% -$66.1K
BKN
933
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$1.07M 0.01%
68,478
-40,959
-37% -$662K
WING icon
934
Wingstop
WING
$3.77B
$1.07M 0.01%
7,800
+1,200
+18% +$176K
VTOL icon
935
Bristow Group
VTOL
$1.35B
$1.06M 0.01%
+50,000
New +$934K
KDMN
936
DELISTED
Kadmon Holdings, Inc.
KDMN
$1.06M 0.01%
+270,700
New +$1.14M
HYT icon
937
BlackRock Corporate High Yield Fund
HYT
$1.36B
$1.06M 0.01%
+99,000
New +$1.07M
BLKB icon
938
Blackbaud
BLKB
$1.62B
$1.05M 0.01%
18,887
+300
+2% +$18K
UNVR
939
DELISTED
Univar Solutions Inc.
UNVR
$1.05M 0.01%
+62,440
New +$1.1M
CXT icon
940
Crane NXT
CXT
$3.06B
$1.05M 0.01%
60,422
-118,070
-66% -$2.33M
IPGP icon
941
IPG Photonics
IPGP
$3.74B
$1.05M 0.01%
6,151
+267
+5% +$44.1K
PRDO icon
942
Perdoceo Education
PRDO
$1.97B
$1.04M 0.01%
85,000
-102,200
-55% -$1.49M
AAL icon
943
American Airlines Group
AAL
$9.74B
$1.04M 0.01%
84,420
+17,489
+26% +$219K
TRNO icon
944
Terreno Realty
TRNO
$7.7B
$1.03M 0.01%
18,900
-25,200
-57% -$1.43M
RBBN icon
945
Ribbon Communications
RBBN
$359M
$1.03M 0.01%
265,900
-230,200
-46% -$971K
DISCK
946
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.01M 0.01%
51,794
+3,030
+6% +$59.8K
JACK icon
947
Jack in the Box
JACK
$300M
$1.01M 0.01%
+12,700
New +$1.02M
JOUT icon
948
Johnson Outdoors
JOUT
$496M
$1.01M 0.01%
12,300
+2,800
+29% +$242K
PDD icon
949
Pinduoduo
PDD
$122B
$1M 0.01%
13,537
+7,837
+137% +$672K
SEE
950
DELISTED
Sealed Air
SEE
$1M 0.01%
25,847
+1,676
+7% +$63.8K
36 37
38
39 40

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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.