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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
VIPS icon
1251
Vipshop
VIPS
$6.84B
$162K ﹤0.01%
10,386
-34,490
-77% -$676K
PFS icon
1252
Provident Financial Services
PFS
$3.11B
$151K ﹤0.01%
12,400
-184,300
-94% -$2.48M
EXTN
1253
DELISTED
Exterran Corporation
EXTN
$151K ﹤0.01%
36,500
-33,800
-48% -$169K
RVSB icon
1254
Riverview Bancorp
RVSB
$107M
$146K ﹤0.01%
35,100
-17,400
-33% -$78K
DGICA icon
1255
Donegal Group Class A
DGICA
$695M
$145K ﹤0.01%
+10,300
New +$147K
TWO
1256
Two Harbors Investment
TWO
$1.27B
$143K ﹤0.01%
+7,000
New +$149K
LBC
1257
DELISTED
Luther Burbank Corporation Common Stock
LBC
$141K ﹤0.01%
16,836
-16,700
-50% -$156K
HBNC icon
1258
Horizon Bancorp
HBNC
$1.03B
$136K ﹤0.01%
13,500
-1,100
-8% -$11.4K
FRBA icon
1259
First Bank
FRBA
$451M
$131K ﹤0.01%
+21,000
New +$140K
ARI
1260
Apollo Commercial Real Estate
ARI
$887M
$128K ﹤0.01%
14,200
-300
-2% -$2.76K
TPCO
1261
DELISTED
Tribune Publishing Company Common Stock
TPCO
$126K ﹤0.01%
+10,800
New +$116K
BXG
1262
DELISTED
Bluegreen Vacations Corporation Common Stock
BXG
$118K ﹤0.01%
24,000
+5,500
+30% +$31.1K
SVC
1263
Service Properties Trust
SVC
$1.1B
$110K ﹤0.01%
2,760
-11,680
-81% -$445K
UTI icon
1264
Universal Technical Institute
UTI
$2.08B
$110K ﹤0.01%
21,800
-125,300
-85% -$881K
RPAI
1265
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
$104K ﹤0.01%
17,900
-147,200
-89% -$946K
DRRX
1266
DELISTED
DURECT Corp
DRRX
$103K ﹤0.01%
6,040
-20,540
-77% -$412K
AT
1267
DELISTED
Atlantic Power Corporation
AT
$98K ﹤0.01%
+49,800
New +$101K
MFA
1268
MFA Financial
MFA
$929M
$90K ﹤0.01%
+8,450
New +$90.9K
PFSW
1269
DELISTED
PFSweb, Inc.
PFSW
$85K ﹤0.01%
12,700
-18,900
-60% -$140K
DRH icon
1270
Diamondrock Hospitality Co
DRH
$2.63B
$81K ﹤0.01%
+16,000
New +$83.2K
CDE icon
1271
Coeur Mining
CDE
$15.6B
$80K ﹤0.01%
10,800
-25,200
-70% -$189K
CRD.A icon
1272
Crawford & Co Class A
CRD.A
$536M
$76K ﹤0.01%
11,624
-29,876
-72% -$221K
FINV
1273
FinVolution Group
FINV
$1.12B
$27K ﹤0.01%
+14,295
New +$28.3K
ACAD icon
1274
Acadia Pharmaceuticals
ACAD
$4.25B
– –
-21,900
Closed -$1.06M
ACMR icon
1275
ACM Research
ACMR
$5.83B
– –
-21,000
Closed -$436K
49 50
51
52 53

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MASUI
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LMIM
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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.