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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
GSBC icon
1126
Great Southern Bancorp
GSBC
$863M
$421K ﹤0.01%
11,634
-12,900
-53% -$487K
KELYA icon
1127
Kelly Services Class A
KELYA
$526M
$421K ﹤0.01%
+24,700
New +$413K
MAXR
1128
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$419K ﹤0.01%
16,800
+5,300
+46% +$117K
ACCO icon
1129
Acco Brands
ACCO
$369M
$415K ﹤0.01%
71,600
+54,900
+329% +$359K
EAF icon
1130
GrafTech
EAF
$194M
$413K ﹤0.01%
+6,041
New +$421K
EHTH icon
1131
eHealth
EHTH
$42.5M
$411K ﹤0.01%
5,200
+2,400
+86% +$195K
GHY
1132
PGIM Global High Yield Fund
GHY
$478M
$406K ﹤0.01%
30,653
– –
RBB icon
1133
RBB Bancorp
RBB
$446M
$403K ﹤0.01%
35,500
+165
+0.5% +$2.1K
HFRO
1134
Highland Opportunities and Income Fund
HFRO
$407M
$401K ﹤0.01%
46,685
– –
HIX
1135
Western Asset High Income Fund II
HIX
$352M
$401K ﹤0.01%
62,608
– –
ALRM icon
1136
Alarm.com
ALRM
$2.56B
$398K ﹤0.01%
+7,200
New +$445K
WDR
1137
DELISTED
Waddell & Reed Financial, Inc.
WDR
$397K ﹤0.01%
26,700
-105,200
-80% -$1.6M
AZPN
1138
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$397K ﹤0.01%
3,134
+76
+2% +$9.63K
TCOM icon
1139
Trip.com Group
TCOM
$27.5B
$396K ﹤0.01%
12,700
– –
ARDC
1140
Are Dynamic Credit Allocation Fund
ARDC
$297M
$394K ﹤0.01%
31,086
– –
SAFT icon
1141
Safety Insurance
SAFT
$1.52B
$394K ﹤0.01%
+5,700
New +$423K
VTA
1142
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$394K ﹤0.01%
42,831
+353
+0.8% +$3.21K
BGB
1143
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$390K ﹤0.01%
31,952
– –
ISD
1144
PGIM High Yield Bond Fund
ISD
$414M
$388K ﹤0.01%
28,062
– –
VNET
1145
VNET Group
VNET
$2.05B
$387K ﹤0.01%
16,700
-5,500
-25% -$128K
QFIN icon
1146
Qfin Holdings
QFIN
$1.61B
$385K ﹤0.01%
32,270
-9,098
-22% -$118K
MOD icon
1147
Modine Manufacturing
MOD
$12.8B
$384K ﹤0.01%
61,400
+3,700
+6% +$22.4K
GORO icon
1148
Goldgroup Mining Inc.
GORO
$151M
$381K ﹤0.01%
111,829
-52,800
-32% -$215K
BSX.PRA
1149
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$379K ﹤0.01%
+3,400
New +$381K
VOXX
1150
DELISTED
VOXX International Corporation Class A
VOXX
$378K ﹤0.01%
49,100
+23,500
+92% +$156K
44 45
46
47 48

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PA
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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 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.