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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
-1.74%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$11.4B
AUM Growth
-$663M
(-5.5%)
Cap. Flow
-$3.85B
Cap. Flow
% of AUM
-33.82%
Top 10 Holdings %
Top 10 Hldgs %
24.96%
Holding
741
New
11
Increased
23
Reduced
481
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
|
+$124M |
| 2 |
Nice
NICE
|
+$16.4M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$12.5M |
| 4 |
PDCE
PDC Energy, Inc.
PDCE
|
+$9.5M |
| 5 |
TSMC
TSM
|
+$9.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
|
+$157M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$94M |
| 3 |
CPLB
NYLI MacKay Core Plus Bond ETF
CPLB
|
+$24.8M |
| 4 |
Apple
AAPL
|
+$16.5M |
| 5 |
Microsoft
MSFT
|
+$13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.94% |
| 2 | Healthcare | 6.37% |
| 3 | Financials | 6.33% |
| 4 | Consumer Discretionary | 5.6% |
| 5 | Energy | 4.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Cigna
CI
$76.6B
| $11.1M | 0.1% |
46,524
-3,068
| -6% | -$718K |
|
127
PNC Financial Services
PNC
$100B
| $11.1M | 0.1% |
60,305
-2,760
| -4% | -$558K |
|
128
Southern Company
SO
$110B
| $11M | 0.1% |
151,893
-5,990
| -4% | -$406K |
|
129
Truist Financial
TFC
$63.2B
| $10.9M | 0.1% |
192,070
-7,545
| -4% | -$466K |
|
130
Becton Dickinson
BDX
$43.1B
| $10.9M | 0.1% |
41,860
-2,018
| -5% | -$520K |
|
131
T-Mobile US
TMUS
$193B
| $10.9M | 0.1% |
84,610
-3,308
| -4% | -$394K |
|
132
Lam Research
LRCX
$382B
| $10.8M | 0.1% |
201,130
-9,800
| -5% | -$570K |
|
133
BlackRock MuniHoldings Fund
MHD
$597M
| $10.8M | 0.1% |
759,388
| – | – |
|
134
Gilead Sciences
GILD
$161B
| $10.8M | 0.09% |
181,555
-7,090
| -4% | -$453K |
|
135
Regeneron Pharmaceuticals
REGN
$68.8B
| $10.7M | 0.09% |
15,343
-458
| -3% | -$290K |
|
136
Intercontinental Exchange
ICE
$82.4B
| $10.6M | 0.09% |
80,515
-3,389
| -4% | -$438K |
|
137
Edwards Lifesciences
EW
$47.6B
| $10.5M | 0.09% |
89,508
-3,529
| -4% | -$396K |
|
138
Freeport-McMoran
FCX
$90B
| $10.5M | 0.09% |
211,443
-8,358
| -4% | -$370K |
|
139
TJX Companies
TJX
$170B
| $10.4M | 0.09% |
171,454
-8,155
| -5% | -$546K |
|
140
US Bancorp
USB
$99.6B
| $10.4M | 0.09% |
195,411
-7,473
| -4% | -$429K |
|
|
VFL
141
DELISTED
abrdn National Municipal Income Fund
VFL
| $10.3M | 0.09% |
817,042
+560,843
| +219% | +$7.39M |
|
142
EOG Resources
EOG
$78B
| $10M | 0.09% |
84,076
-3,306
| -4% | -$368K |
|
143
Dominion Energy
D
$62.5B
| $9.88M | 0.09% |
116,279
-4,566
| -4% | -$367K |
|
|
MAV
144
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
| $9.86M | 0.09% |
1,003,451
| – | – |
|
145
Norfolk Southern
NSC
$78.8B
| $9.83M | 0.09% |
34,452
-1,875
| -5% | -$517K |
|
146
Ford
F
$57.3B
| $9.62M | 0.08% |
568,914
-21,065
| -4% | -$401K |
|
147
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$900M
| $9.61M | 0.08% |
791,405
| – | – |
|
148
Equinix
EQIX
$107B
| $9.6M | 0.08% |
12,943
-509
| -4% | -$366K |
|
149
Progressive
PGR
$124B
| $9.57M | 0.08% |
83,929
-3,400
| -4% | -$368K |
|
150
Vertex Pharmaceuticals
VRTX
$121B
| $9.55M | 0.08% |
36,585
-1,398
| -4% | -$332K |
|
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Mackay Shields LLC's Q1 2022 Portfolio in Review
As of Q1 2022, Mackay Shields LLC held 741 positions worth $11.4B, down 5.5% from $12B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Mackay Shields LLC withdrew a net $3.85B in Q1 2022, closing 10 positions and reducing 481 holdings. Its most notable exit was Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A, an estimated $157M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Mackay Shields LLC opened a new position in PDC Energy, Inc. worth $11.2M.
- Mackay Shields LLC's largest Q1 2022 buy was PDC Energy, Inc.: 153,669 shares worth $11.2M.
- Mackay Shields LLC added most to Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q1 2022, an estimated $124M increase.
- Mackay Shields LLC's biggest Q1 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $94M.
- Mackay Shields LLC fully exited Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A in Q1 2022, selling an estimated $157M.
- Mackay Shields LLC's ten largest holdings make up 25% of its $11.4B portfolio in Q1 2022.
- Mackay Shields LLC opened 11 new positions and closed 10 in Q1 2022.
- Mackay Shields LLC's portfolio value fell 5.5% quarter-over-quarter to $11.4B.
Based on Mackay Shields LLC's 13F filing for Q1 2022, filed 13 May 2022.