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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
+0.58%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.81B
AUM Growth
-$170M
Cap. Flow
-$1.52B
Cap. Flow %
-83.81%
Top 10 Hldgs %
30.92%
Holding
139
New
7
Increased
8
Reduced
8
Closed
24

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$6.99M
2
AMT.PRA
American Tower Corporation
AMT.PRA
+$5.18M
3
MFL
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
+$4.06M
4
HYMB icon
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
+$3.89M
5
VKI icon
Invesco Advantage Municipal Income Trust II
VKI
+$3.35M

Top Sells

Rank Stock Value
1
UTX.PRA
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
+$47.7M
2
SWU
STANLEY BLACK & DECKER INC CORP UNIT
SWU
+$37M
3
F icon
Ford
F
+$31.3M
4
GT.PRA
GOODYEAR TIRE & RUBR CO PFD CONV (OH)
GT.PRA
+$21M
5
C icon
Citigroup
C
+$20.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 2.34%
2 Energy 1.27%
3 Financials 0.38%
4 Industrials 0%
5 Materials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MLU
1
DELISTED
METLIFE, INC. COM EQUITY UNIT
MLU
$51.2M 2.82%
1,602,166
-38,236
-2% -$1.17M
GM icon
2
General Motors
GM
$71.7B
$42.4M 2.34%
1,169,154
-70,477
-6% -$2.46M
MTCN
3
DELISTED
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
$20.4M 1.12%
907,200
-1,800
-0.2% -$42.5K
OCR.PRB
4
DELISTED
OMNICARE CAP TR II SER B 4% TR PFD INCM EQTY REDM SEC PIERS
OCR.PRB
$18M 0.99%
221,090
-890
-0.4% -$67.8K
BAC.PRL icon
5
Bank of America Series L
BAC.PRL
$3.95B
$16.2M 0.89%
13,841
+10
+0.1% +$11.6K
BHI
6
DELISTED
Baker Hughes
BHI
$14.9M 0.82%
200,500
– –
SWU
7
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$8.78M 0.48%
66,736
-284,004
-81% -$37M
MFL
8
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$7.55M 0.42%
544,256
+295,000
+118% +$4.06M
VKI icon
9
Invesco Advantage Municipal Income Trust II
VKI
$404M
$6.94M 0.38%
611,794
+297,600
+95% +$3.35M
BAC icon
10
Bank of America
BAC
$430B
$6.92M 0.38%
+450,000
New +$6.99M
NPP
11
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
$6.14M 0.34%
418,660
+190,000
+83% +$2.78M
UTX.PRA
12
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
$6.08M 0.34%
93,257
-723,430
-89% -$47.7M
WELL.PRI
13
DELISTED
Welltower Inc.
WELL.PRI
$5.69M 0.31%
97,900
– –
WFC.PRL icon
14
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$5.65M 0.31%
4,654
-8,758
-65% -$10.6M
CAM
15
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$5.42M 0.3%
80,000
– –
AMT.PRA
16
DELISTED
American Tower Corporation
AMT.PRA
$5.14M 0.28%
+48,300
New +$5.18M
MCA
17
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$5.08M 0.28%
344,852
+99,900
+41% +$1.48M
HYMB icon
18
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.09B
$4.95M 0.27%
176,000
+140,000
+389% +$3.89M
MYI icon
19
BlackRock MuniYield Quality Fund III
MYI
$725M
$4.85M 0.27%
362,501
+149,685
+70% +$2.07M
MUI
20
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$4.3M 0.24%
294,225
– –
NPM
21
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$4.09M 0.23%
295,808
– –
NXZ
22
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
$3.67M 0.2%
264,187
– –
TIBX
23
DELISTED
TIBCO SOFTWARE INC
TIBX
$3.67M 0.2%
181,948
– –
MUC icon
24
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
$3.65M 0.2%
255,050
+100,000
+64% +$1.43M
NPT
25
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
$3.54M 0.2%
275,738
– –
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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CIAS
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Mackay Shields LLC's Q2 2014 Portfolio in Review

As of Q2 2014, Mackay Shields LLC held 139 positions worth $1.81B, down 8.6% from $1.98B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Mackay Shields LLC withdrew a net $1.52B in Q2 2014, closing 24 positions and reducing 8 holdings. Its most notable exit was Ford, an estimated $31.3M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 2.3% of assets, down from 3.7% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in Bank of America worth $6.92M.

  • Mackay Shields LLC's largest Q2 2014 buy was Bank of America: 450,000 shares worth $6.92M.
  • Mackay Shields LLC added most to BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND in Q2 2014, an estimated $4.06M increase.
  • Mackay Shields LLC's biggest Q2 2014 reduction was UNITED TECHNOLOGIES CORP CORP UNIT (DE), cutting an estimated $47.7M.
  • Mackay Shields LLC fully exited Ford in Q2 2014, selling an estimated $31.3M.
  • Mackay Shields LLC's ten largest holdings make up 31% of its $1.81B portfolio in Q2 2014.
  • Mackay Shields LLC opened 7 new positions and closed 24 in Q2 2014.
  • Mackay Shields LLC's portfolio value fell 8.6% quarter-over-quarter to $1.81B.

Based on Mackay Shields LLC's 13F filing for Q2 2014, filed 22 Jul 2014.