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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
+0.37%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.66B
AUM Growth
+$793M
Cap. Flow
-$1.16B
Cap. Flow %
-43.83%
Top 10 Hldgs %
20.79%
Holding
678
New
128
Increased
5
Reduced
9
Closed
4

Top Buys

Rank Stock Value
1
ALLY.PRA
GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2
ALLY.PRA
+$19M
2
SWH
Stanley Black & Decker, Inc.
SWH
+$5.13M
3
TDW icon
Tidewater
TDW
+$4.89M
4
NQU
NUVEEN QUALITY INCOME MUNI FD
NQU
+$4.69M
5
CCI.PRA
Crown Castle International Corp.
CCI.PRA
+$4.66M

Top Sells

Rank Stock Value
1
GM.PRB
GENERAL MTRS CO JR PFD CONV SER B (DE)
GM.PRB
+$36.5M
2
USCR
U S Concrete, Inc.
USCR
+$9.71M
3
SWU
STANLEY BLACK & DECKER INC CORP UNIT
SWU
+$7.89M
4
BAC icon
Bank of America
BAC
+$6.46M
5
MRK icon
Merck
MRK
+$6.42M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.09%
2 Energy 1.59%
3 Financials 0.85%
4 Materials 0.49%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UTX.PRA
1
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
$53.5M 2.01%
818,356
-22,974
-3% -$1.48M
GM icon
2
General Motors
GM
$71.7B
$51.1M 1.92%
1,249,221
+22,265
+2% +$841K
MLU
3
DELISTED
METLIFE, INC. COM EQUITY UNIT
MLU
$45.8M 1.72%
1,453,004
-135,199
-9% -$4.06M
SWU
4
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$43.2M 1.63%
350,776
-61,732
-15% -$7.89M
F icon
5
Ford
F
$56.9B
$31M 1.17%
2,009,500
– –
C icon
6
Citigroup
C
$223B
$22.6M 0.85%
433,527
+55,818
+15% +$2.82M
USCR
7
DELISTED
U S Concrete, Inc.
USCR
$20.1M 0.76%
887,988
-445,781
-33% -$9.71M
GT.PRA
8
DELISTED
GOODYEAR TIRE & RUBR CO PFD CONV (OH)
GT.PRA
$19.4M 0.73%
289,922
-4,653
-2% -$311K
ALLY.PRA
9
DELISTED
GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2
ALLY.PRA
$19M 0.71%
+709,100
New +$19M
OCR.PRB
10
DELISTED
OMNICARE CAP TR II SER B 4% TR PFD INCM EQTY REDM SEC PIERS
OCR.PRB
$16.5M 0.62%
221,980
-8,230
-4% -$578K
WFC.PRL icon
11
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$15M 0.56%
13,525
-619
-4% -$698K
BAC.PRL icon
12
Bank of America Series L
BAC.PRL
$3.95B
$14.7M 0.55%
13,876
-466
-3% -$498K
GG
13
DELISTED
Goldcorp Inc
GG
$13M 0.49%
600,000
– –
TDW icon
14
Tidewater
TDW
$3.75B
$12.1M 0.46%
6,341
+2,569
+68% +$4.89M
BHI
15
DELISTED
Baker Hughes
BHI
$11.1M 0.42%
200,500
– –
HAL icon
16
Halliburton
HAL
$27.7B
$9.68M 0.36%
190,818
– –
SWH
17
DELISTED
Stanley Black & Decker, Inc.
SWH
$5.16M 0.19%
+50,000
New +$5.13M
WELL.PRI
18
DELISTED
Welltower Inc.
WELL.PRI
$5.03M 0.19%
97,900
-2,400
-2% -$134K
CAM
19
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$4.76M 0.18%
80,000
– –
NQU
20
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$4.68M 0.18%
+382,027
New +$4.69M
NIO
21
DELISTED
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
$4.67M 0.18%
+352,850
New +$4.53M
CCI.PRA
22
DELISTED
Crown Castle International Corp.
CCI.PRA
$4.63M 0.17%
+46,300
New +$4.66M
C.PRN icon
23
Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN
$2.57B
$4.36M 0.16%
+160,000
New +$4.38M
CLV
24
DELISTED
CLIFFS NAT RES INC. DEPO SHS REPSTG 1/40TH PFD CONV SER A
CLV
$4.16M 0.16%
+181,353
New +$4M
MUI
25
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$4.09M 0.15%
+294,225
New +$4.01M
1
2 3

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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 Q4 2013 Portfolio in Review

As of Q4 2013, Mackay Shields LLC held 678 positions worth $2.66B, up 43% from $1.86B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Mackay Shields LLC withdrew a net $1.16B in Q4 2013, closing 4 positions and reducing 9 holdings. Its most notable exit was GENERAL MTRS CO JR PFD CONV SER B (DE), an estimated $36.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.1% of assets, down from 4.2% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 worth $19M.

  • Mackay Shields LLC's largest Q4 2013 buy was GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2: 709,100 shares worth $19M.
  • Mackay Shields LLC added most to Tidewater in Q4 2013, an estimated $4.89M increase.
  • Mackay Shields LLC's biggest Q4 2013 reduction was U S Concrete, Inc., cutting an estimated $9.71M.
  • Mackay Shields LLC fully exited GENERAL MTRS CO JR PFD CONV SER B (DE) in Q4 2013, selling an estimated $36.5M.
  • Mackay Shields LLC's ten largest holdings make up 21% of its $2.66B portfolio in Q4 2013.
  • Mackay Shields LLC opened 128 new positions and closed 4 in Q4 2013.
  • Mackay Shields LLC's portfolio value rose 43% quarter-over-quarter to $2.66B.

Based on Mackay Shields LLC's 13F filing for Q4 2013, filed 28 Jan 2014.