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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
+0.07%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.98B
AUM Growth
-$672M
Cap. Flow
-$1.45B
Cap. Flow %
-73.16%
Top 10 Hldgs %
27.77%
Holding
243
New
6
Increased
16
Reduced
8
Closed
110

Top Buys

Rank Stock Value
1
MTCN
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
+$19.6M
2
SWH
Stanley Black & Decker, Inc.
SWH
+$13M
3
AMG icon
Affiliated Managers Group
AMG
+$9.19M
4
TGI
Triumph Group
TGI
+$7.31M
5
MLU
METLIFE, INC. COM EQUITY UNIT
MLU
+$5.68M

Top Sells

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
USCR
U S Concrete, Inc.
USCR
+$15.9M
3
C.PRN icon
Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN
+$4.36M
4
CLV
CLIFFS NAT RES INC. DEPO SHS REPSTG 1/40TH PFD CONV SER A
CLV
+$4.16M
5
NMZ icon
Nuveen Municipal High Income Opportunity Fund
NMZ
+$3.57M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.73%
2 Energy 2.21%
3 Financials 1.51%
4 Materials 0.8%
5 Industrials 0.45%
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
$54.5M 2.75%
816,687
-1,669
-0.2% -$109K
MLU
2
DELISTED
METLIFE, INC. COM EQUITY UNIT
MLU
$50.5M 2.54%
1,640,402
+187,398
+13% +$5.68M
SWU
3
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$44.5M 2.24%
350,740
-36
-0% -$4.46K
GM icon
4
General Motors
GM
$71.7B
$42.7M 2.15%
1,239,631
-9,590
-0.8% -$352K
F icon
5
Ford
F
$56.9B
$31.3M 1.58%
2,009,500
– –
MTCN
6
DELISTED
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
$21.8M 1.1%
909,000
+809,000
+809% +$19.6M
GT.PRA
7
DELISTED
GOODYEAR TIRE & RUBR CO PFD CONV (OH)
GT.PRA
$21M 1.06%
289,513
-409
-0.1% -$29.6K
C icon
8
Citigroup
C
$223B
$20.6M 1.04%
433,527
– –
SWH
9
DELISTED
Stanley Black & Decker, Inc.
SWH
$18.8M 0.95%
174,300
+124,300
+249% +$13M
OCR.PRB
10
DELISTED
OMNICARE CAP TR II SER B 4% TR PFD INCM EQTY REDM SEC PIERS
OCR.PRB
$16.3M 0.82%
221,980
– –
BAC.PRL icon
11
Bank of America Series L
BAC.PRL
$3.95B
$15.8M 0.8%
13,831
-45
-0.3% -$50.8K
WFC.PRL icon
12
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$15.7M 0.79%
13,412
-113
-0.8% -$131K
GG
13
DELISTED
Goldcorp Inc
GG
$14.5M 0.73%
592,000
-8,000
-1% -$203K
BHI
14
DELISTED
Baker Hughes
BHI
$13M 0.66%
200,500
– –
HAL icon
15
Halliburton
HAL
$27.7B
$11.2M 0.57%
190,818
– –
TDW icon
16
Tidewater
TDW
$3.75B
$9.95M 0.5%
6,341
– –
AMG icon
17
Affiliated Managers Group
AMG
$9.67B
$9.36M 0.47%
+46,796
New +$9.19M
TGI
18
DELISTED
Triumph Group
TGI
$6.9M 0.35%
+106,863
New +$7.31M
NQP
19
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$6.44M 0.32%
483,082
+325,083
+206% +$4.21M
NQU
20
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$6.29M 0.32%
473,190
+91,163
+24% +$1.19M
WELL.PRI
21
DELISTED
Welltower Inc.
WELL.PRI
$5.44M 0.27%
97,900
– –
NIO
22
DELISTED
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
$4.99M 0.25%
362,850
+10,000
+3% +$136K
CAM
23
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$4.94M 0.25%
80,000
– –
USCR
24
DELISTED
U S Concrete, Inc.
USCR
$4.8M 0.24%
204,475
-683,513
-77% -$15.9M
CCI.PRA
25
DELISTED
Crown Castle International Corp.
CCI.PRA
$4.69M 0.24%
46,300
– –
1
2 3

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GC
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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 Q1 2014 Portfolio in Review

As of Q1 2014, Mackay Shields LLC held 243 positions worth $1.98B, down 25% from $2.66B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Mackay Shields LLC withdrew a net $1.45B in Q1 2014, closing 110 positions and reducing 8 holdings. Its most notable exit was GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2, an estimated $19M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.7% of assets, up from 3.1% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in Affiliated Managers Group worth $9.36M.

  • Mackay Shields LLC's largest Q1 2014 buy was Affiliated Managers Group: 46,796 shares worth $9.36M.
  • Mackay Shields LLC added most to ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in Q1 2014, an estimated $19.6M increase.
  • Mackay Shields LLC's biggest Q1 2014 reduction was U S Concrete, Inc., cutting an estimated $15.9M.
  • Mackay Shields LLC fully exited GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 in Q1 2014, selling an estimated $19M.
  • Mackay Shields LLC's ten largest holdings make up 28% of its $1.98B portfolio in Q1 2014.
  • Mackay Shields LLC opened 6 new positions and closed 110 in Q1 2014.
  • Mackay Shields LLC's portfolio value fell 25% quarter-over-quarter to $1.98B.

Based on Mackay Shields LLC's 13F filing for Q1 2014, filed 8 May 2014.