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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
SKYW icon
1401
Skywest
SKYW
$4.11B
– –
-33,400
Closed -$1.09M
SMCI icon
1402
Super Micro Computer
SMCI
$19.5B
– –
-705,000
Closed -$2M
SPR
1403
DELISTED
Spirit AeroSystems
SPR
– –
-171,292
Closed -$4.1M
SRCE icon
1404
1st Source
SRCE
$2.07B
– –
-6,100
Closed -$217K
STAA icon
1405
STAAR Surgical
STAA
$1.16B
– –
-4,900
Closed -$301K
SYNA icon
1406
Synaptics
SYNA
$4.41B
– –
-37,565
Closed -$2.26M
TDOC icon
1407
Teladoc Health
TDOC
$1.58B
– –
-10,800
Closed -$2.06M
TDS icon
1408
Telephone and Data Systems
TDS
$3.91B
– –
-54,861
Closed -$1.09M
TGNA
1409
DELISTED
TEGNA Inc
TGNA
– –
-105,400
Closed -$1.18M
TKR icon
1410
Timken Company
TKR
$9.82B
– –
-38,638
Closed -$1.76M
TPIC
1411
DELISTED
TPI Composites
TPIC
– –
-60,400
Closed -$1.41M
TREX icon
1412
Trex
TREX
$4.51B
– –
-12,000
Closed -$780K
TRST
1413
Trustco Bank Corp NY
TRST
$977M
– –
-17,480
Closed -$553K
TRU icon
1414
TransUnion
TRU
$14.8B
– –
-67,737
Closed -$5.9M
TTEK icon
1415
Tetra Tech
TTEK
$8.23B
– –
-35,440
Closed -$561K
TZOO icon
1416
Travelzoo
TZOO
$103M
– –
-36,332
Closed -$205K
UMBF icon
1417
UMB Financial
UMBF
$10.7B
– –
-5,200
Closed -$268K
USFD icon
1418
US Foods
USFD
$21.4B
– –
-65,804
Closed -$1.3M
VAC icon
1419
Marriott Vacations Worldwide
VAC
$3.24B
– –
-4,300
Closed -$354K
VNDA icon
1420
Vanda Pharmaceuticals
VNDA
$312M
– –
-79,622
Closed -$911K
VREX icon
1421
Varex Imaging
VREX
$460M
– –
-61,700
Closed -$935K
VRTS icon
1422
Virtus Investment Partners
VRTS
$1.11B
– –
-5,600
Closed -$651K
VVV icon
1423
Valvoline
VVV
$4.97B
– –
-23,337
Closed -$451K
WCC
1424
WESCO International
WCC
$16.2B
– –
-146,311
Closed -$5.14M
WOR icon
1425
Worthington Enterprises
WOR
$2.76B
– –
-75,585
Closed -$1.74M
55 56
57
58 59

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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.