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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
FIVN icon
1326
FIVE9
FIVN
$1.77B
– –
-9,500
Closed -$1.05M
FNF icon
1327
Fidelity National Financial
FNF
$13.9B
– –
-86,298
Closed -$2.54M
FONR
1328
DELISTED
Fonar
FONR
– –
-10,900
Closed -$233K
FSLY icon
1329
Fastly Inc
FSLY
$3.17B
– –
-20,700
Closed -$1.76M
GKOS icon
1330
Glaukos
GKOS
$9.02B
– –
-7,100
Closed -$273K
GNSS icon
1331
Genasys
GNSS
$75.6M
– –
-62,200
Closed -$302K
GPI icon
1332
Group 1 Automotive
GPI
$3.94B
– –
-32,700
Closed -$2.16M
GWRS icon
1333
Global Water Resources
GWRS
$212M
– –
-16,900
Closed -$179K
HAE icon
1334
Haemonetics
HAE
$3.58B
– –
-25,400
Closed -$2.27M
HCC icon
1335
Warrior Met Coal
HCC
$4.23B
– –
-164,800
Closed -$2.54M
HGV icon
1336
Hilton Grand Vacations
HGV
$3.84B
– –
-26,600
Closed -$520K
HP icon
1337
Helmerich & Payne
HP
$3.53B
– –
-20,916
Closed -$408K
HXL icon
1338
Hexcel
HXL
$8.32B
– –
-7,278
Closed -$329K
HYG icon
1339
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
– –
-51,894
Closed -$4.24M
IBOC icon
1340
International Bancshares
IBOC
$4.77B
– –
-28,900
Closed -$926K
IBP icon
1341
Installed Building Products
IBP
$6.13B
– –
-16,500
Closed -$1.14M
ICUI icon
1342
ICU Medical
ICUI
$3.93B
– –
-23,320
Closed -$4.3M
IEFA icon
1343
iShares Core MSCI EAFE ETF
IEFA
$186B
– –
-14,125
Closed -$807K
IMKTA icon
1344
Ingles Markets
IMKTA
$1.63B
– –
-5,900
Closed -$254K
INDB icon
1345
Independent Bank
INDB
$4.05B
– –
-3,400
Closed -$228K
INO icon
1346
Inovio Pharmaceuticals
INO
$79.8M
– –
-6,125
Closed -$1.98M
IOSP icon
1347
Innospec
IOSP
$2.09B
– –
-3,400
Closed -$262K
IOVA icon
1348
Iovance Biotherapeutics
IOVA
$2.23B
– –
-24,000
Closed -$659K
ITRI icon
1349
Itron
ITRI
$3.73B
– –
-3,700
Closed -$245K
IVR icon
1350
Invesco Mortgage Capital
IVR
$776M
– –
-1,260
Closed -$47K
52 53
54
55 56

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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.