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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
CCOI icon
1301
Cogent Communications
CCOI
$594M
– –
-15,600
Closed -$1.21M
CHCT
1302
Community Healthcare Trust
CHCT
$537M
– –
-27,600
Closed -$1.13M
CHGG icon
1303
Chegg
CHGG
$108M
– –
-14,400
Closed -$969K
CMTL icon
1304
Comtech Telecommunications
CMTL
$51.8M
– –
-27,400
Closed -$463K
CNK icon
1305
Cinemark Holdings
CNK
$3.82B
– –
-89,176
Closed -$1.03M
CNNE icon
1306
Cannae Holdings
CNNE
$647M
– –
-25,000
Closed -$1.03M
CNOB icon
1307
Center Bancorp
CNOB
$1.63B
– –
-104,400
Closed -$1.68M
CNX icon
1308
CNX Resources
CNX
$4.85B
– –
-322,500
Closed -$2.79M
COLL icon
1309
Collegium Pharmaceutical
COLL
$1.14B
– –
-120,400
Closed -$2.11M
COTY icon
1310
Coty
COTY
$2.33B
– –
-46,193
Closed -$206K
CPT icon
1311
Camden Property Trust
CPT
$11.3B
– –
-7,094
Closed -$647K
CRS icon
1312
Carpenter Technology
CRS
$30B
– –
-10,000
Closed -$243K
CVBF icon
1313
CVB Financial
CVBF
$3.98B
– –
-17,200
Closed -$322K
DAR icon
1314
Darling Ingredients
DAR
$9.93B
– –
-14,800
Closed -$364K
DENN
1315
DELISTED
Denny's
DENN
– –
-53,500
Closed -$540K
DK icon
1316
Delek US
DK
$3.87B
– –
-10,200
Closed -$177K
EARN
1317
Ellington Residential Mortgage REIT
EARN
$165M
– –
-17,500
Closed -$180K
EEX
1318
DELISTED
Emerald Holding
EEX
– –
-41,200
Closed -$126K
EFA icon
1319
iShares MSCI EAFE ETF
EFA
$76.4B
– –
-13,197
Closed -$803K
ENPH icon
1320
Enphase Energy
ENPH
$4.84B
– –
-8,600
Closed -$409K
ENTG icon
1321
Entegris
ENTG
$19.7B
– –
-9,217
Closed -$544K
EPC icon
1322
Edgewell Personal Care
EPC
$1.27B
– –
-25,800
Closed -$804K
ESE icon
1323
ESCO Technologies
ESE
$8.49B
– –
-13,400
Closed -$1.13M
EWBC icon
1324
East-West Bancorp
EWBC
$17.9B
– –
-68,417
Closed -$2.48M
FAF icon
1325
First American
FAF
$7.67B
– –
-6,813
Closed -$328K
51 52
53
54 55

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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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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.