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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
TCBI icon
1101
Texas Capital Bancshares
TCBI
$4.31B
$495K ﹤0.01%
+15,900
New +$502K
RMBS icon
1102
Rambus
RMBS
$10.4B
$484K ﹤0.01%
35,300
-85,500
-71% -$1.21M
IESC icon
1103
IES Holdings
IESC
$12.5B
$480K ﹤0.01%
15,100
-12,600
-45% -$345K
VVX icon
1104
V2X
VVX
$2.62B
$475K ﹤0.01%
12,482
-28,600
-70% -$1.24M
NWLI
1105
DELISTED
National Western Life Group, Inc. Class A
NWLI
$475K ﹤0.01%
+2,600
New +$534K
NTCT icon
1106
NETSCOUT
NTCT
$2.86B
$474K ﹤0.01%
21,694
-16,200
-43% -$391K
RRR icon
1107
Red Rock Resorts
RRR
$3.74B
$473K ﹤0.01%
27,700
-111,400
-80% -$1.62M
MHH icon
1108
Mastech Digital
MHH
$93.1M
$469K ﹤0.01%
26,000
+4,900
+23% +$102K
WTFC icon
1109
Wintrust Financial
WTFC
$10.7B
$468K ﹤0.01%
+11,700
New +$501K
MTSI icon
1110
MACOM Technology Solutions
MTSI
$20.4B
$463K ﹤0.01%
13,600
-100
-0.7% -$3.63K
MRTN icon
1111
Marten Transport
MRTN
$1.33B
$453K ﹤0.01%
+27,800
New +$492K
NUAN
1112
DELISTED
Nuance Communications, Inc.
NUAN
$452K ﹤0.01%
13,610
-126,935
-90% -$3.68M
PCYO icon
1113
Pure Cycle
PCYO
$257M
$451K ﹤0.01%
50,100
+22,700
+83% +$214K
UCB
1114
United Community Banks
UCB
$4.22B
$449K ﹤0.01%
26,500
-15,000
-36% -$270K
DHX icon
1115
DHI Group
DHX
$166M
$447K ﹤0.01%
198,000
-18,000
-8% -$44.7K
GLUU
1116
DELISTED
Glu Mobile Inc.
GLUU
$445K ﹤0.01%
58,000
-272,200
-82% -$2.29M
VLY icon
1117
Valley National Bancorp
VLY
$7.93B
$444K ﹤0.01%
64,800
-20,000
-24% -$149K
UBSI icon
1118
United Bankshares
UBSI
$6.55B
$443K ﹤0.01%
20,600
-8,400
-29% -$219K
SMBK icon
1119
SmartFinancial
SMBK
$855M
$438K ﹤0.01%
32,265
+8,400
+35% +$119K
NEX
1120
DELISTED
NexTier Oilfield Solutions Inc.
NEX
$437K ﹤0.01%
235,700
-137,000
-37% -$332K
BRY
1121
DELISTED
Berry Corp
BRY
$435K ﹤0.01%
137,200
-310,000
-69% -$1.3M
QCRH icon
1122
QCR Holdings
QCRH
$1.65B
$431K ﹤0.01%
15,700
-1,800
-10% -$53.1K
NIO icon
1123
NIO
NIO
$11.3B
$427K ﹤0.01%
+20,100
New +$309K
OPBK icon
1124
OP Bancorp
OPBK
$233M
$425K ﹤0.01%
74,200
+8,200
+12% +$51.5K
WTBA icon
1125
West Bancorporation
WTBA
$464M
$424K ﹤0.01%
26,800
-600
-2% -$10.1K
43 44
45
46 47

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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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CA
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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.