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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
WSBF icon
1426
Waterstone Financial
WSBF
$362M
– –
-38,300
Closed -$568K
WW
1427
DELISTED
WW International
WW
– –
-33,700
Closed -$855K
ARQ icon
1428
Arq
ARQ
$86.7M
– –
-62,100
Closed -$301K
FFNW
1429
DELISTED
First Financial Northwest, Inc
FFNW
– –
-28,873
Closed -$280K
ATXI
1430
DELISTED
Avenue Therapeutics, Inc. Common Stock
ATXI
– –
-22
Closed -$272K
CUTR
1431
DELISTED
Cutera, Inc.
CUTR
– –
-17,200
Closed -$209K
SAVE
1432
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-14,000
Closed -$250K
VGR
1433
DELISTED
Vector Group Ltd.
VGR
– –
-387,952
Closed -$2.77M
SWN
1434
DELISTED
Southwestern Energy Company
SWN
– –
-20,800
Closed -$53K
MCBC
1435
DELISTED
Macatawa Bank Corp
MCBC
– –
-10,400
Closed -$81K
OSG
1436
DELISTED
Overseas Shipholding Group Inc.
OSG
– –
-11,200
Closed -$21K
EVBG
1437
DELISTED
Everbridge, Inc. Common Stock
EVBG
– –
-4,500
Closed -$623K
ULTR
1438
DELISTED
IQ Ultra Short Duration ETF
ULTR
– –
-499,900
Closed -$24.7M
HALL
1439
DELISTED
Hallmark Financial Services, Inc.
HALL
– –
-9,527
Closed -$333K
HT
1440
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
– –
-14,800
Closed -$85K
TRHC
1441
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
– –
-5,200
Closed -$284K
RAD
1442
DELISTED
Rite Aid Corporation
RAD
– –
-14,800
Closed -$252K
PDCE
1443
DELISTED
PDC Energy, Inc.
PDCE
– –
-20,100
Closed -$250K
ROCC
1444
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
– –
-58,200
Closed -$555K
RUTH
1445
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
– –
-20,700
Closed -$169K
BRMK
1446
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
– –
-11,600
Closed -$110K
AIMC
1447
DELISTED
Altra Industrial Motion Corp
AIMC
– –
-10,900
Closed -$348K
UMPQ
1448
DELISTED
Umpqua Holdings Corp
UMPQ
– –
-65,257
Closed -$694K
LCI
1449
DELISTED
Lannett Company, Inc.
LCI
– –
-12,575
Closed -$365K
GBT
1450
DELISTED
Global Blood Therapeutics, Inc.
GBT
– –
-13,200
Closed -$834K
56 57
58
59 60

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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.