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Mackay Shields LLC Portfolio holdings
AUM
$2.76B
Turnover
2.83%
1-Year Est. Return
2.8%
MacKay Shields is a fixed income manager, wholly owned through a holding company by New York Life Insurance Company. It started in 1938 as an economic consulting firm, registered as an investment adviser in 1969, and was bought by New York Life in 1984. Separate teams each run their own investment process, offering strategies through custom accounts, mutual funds, ETFs and private funds. Its clients are mainly institutions such as insurance companies, corporate pension funds, endowments and foundations.
This Fund
S&P 500
This Quarter Est. Return
+0.58%
1 Year Est. Return
+2.8%
3 Year Est. Return
+8.26%
5 Year Est. Return
+14.36%
10 Year Est. Return
+115.68%
AUM
$1.81B
AUM Growth
-$170M
(-8.6%)
Cap. Flow
-$1.52B
Cap. Flow % of AUM
Cap. Flow %
-83.81%
Top 10 Holdings %
Top 10 Hldgs %
30.92%
Holding
139
New
7
Increased
8
Reduced
8
Closed
24
Avg Time Held
0.7
years
Top 10 Avg Time Held
0.5
years
Top 20 Avg Time Held
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$6.99M |
| 2 |
American Tower Corporation
AMT.PRA
|
+$5.18M |
| 3 |
MFL
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
|
+$4.06M |
| 4 |
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
|
+$3.89M |
| 5 |
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 |
Ford
F
|
+$31.3M |
| 4 |
GOODYEAR TIRE & RUBR CO PFD CONV (OH)
GT.PRA
|
+$21M |
| 5 |
Citigroup
C
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 95.23% |
| 2 | Consumer Discretionary | 2.34% |
| 3 | Energy | 1.27% |
| 4 | Financials | 1.14% |
| 5 | Utilities | 0.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
MLU
1
DELISTED
METLIFE, INC. COM EQUITY UNIT
MLU
| $51.2M | 2.82% |
1,602,166
-38,236
| -2% | -$1.17M |
2013 Q2
4 quarters
|
|
2
General Motors
GM
$72.9B
| $42.4M | 2.34% |
1,169,154
-70,477
| -6% | -$2.46M |
2013 Q2
4 quarters
|
|
|
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 |
2013 Q4
2 quarters
|
|
|
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 |
2013 Q2
4 quarters
|
|
|
5
Bank of America Series L
BAC.PRL
$3.56B
| $16.2M | 0.89% |
13,841
+10
| +0.1% | +$11.6K |
2013 Q2
4 quarters
|
|
|
BHI
6
DELISTED
Baker Hughes
BHI
| $14.9M | 0.82% |
200,500
| – | – |
2013 Q2
4 quarters
|
|
|
SWU
7
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
| $8.78M | 0.48% |
66,736
-284,004
| -81% | -$37M |
2013 Q2
4 quarters
|
|
|
MFL
8
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
| $7.55M | 0.42% |
544,256
+295,000
| +118% | +$4.06M |
2013 Q4
2 quarters
|
|
|
9
Invesco Advantage Municipal Income Trust II
VKI
$371M
| $6.94M | 0.38% |
611,794
+297,600
| +95% | +$3.35M |
2013 Q4
2 quarters
|
|
|
10
Bank of America
BAC
$348B
| $6.92M | 0.38% |
+450,000
| New | +$6.99M |
2014 Q2
0 quarters
|
|
|
NPP
11
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
| $6.14M | 0.34% |
418,660
+190,000
| +83% | +$2.78M |
2013 Q4
2 quarters
|
|
|
UTX.PRA
12
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
| $6.08M | 0.34% |
93,257
-723,430
| -89% | -$47.7M |
2013 Q2
4 quarters
|
|
13
DELISTED
Welltower Inc.
WELL.PRI
| $5.69M | 0.31% |
97,900
| – | – |
2013 Q3
3 quarters
|
|
14
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.17B
| $5.65M | 0.31% |
4,654
-8,758
| -65% | -$10.6M |
2013 Q2
4 quarters
|
|
15
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $5.42M | 0.3% |
80,000
| – | – |
2013 Q2
4 quarters
|
|
|
16
DELISTED
American Tower Corporation
AMT.PRA
| $5.14M | 0.28% |
+48,300
| New | +$5.18M |
2014 Q2
0 quarters
|
|
|
MCA
17
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| $5.08M | 0.28% |
344,852
+99,900
| +41% | +$1.48M |
2013 Q2
4 quarters
|
|
|
18
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.82B
| $4.95M | 0.27% |
176,000
+140,000
| +389% | +$3.89M |
2013 Q2
4 quarters
|
|
19
BlackRock MuniYield Quality Fund III
MYI
$1.22B
| $4.85M | 0.27% |
362,501
+149,685
| +70% | +$2.07M |
2013 Q4
2 quarters
|
|
20
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $4.3M | 0.24% |
294,225
| – | – |
2013 Q4
2 quarters
|
|
|
NPM
21
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
| $4.09M | 0.23% |
295,808
| – | – |
2013 Q4
2 quarters
|
|
|
NXZ
22
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
| $3.67M | 0.2% |
264,187
| – | – |
2013 Q2
4 quarters
|
|
|
TIBX
23
DELISTED
TIBCO SOFTWARE INC
TIBX
| $3.67M | 0.2% |
181,948
| – | – |
2013 Q2
4 quarters
|
|
24
BlackRock MuniHoldings California Quality Fund
MUC
$1.24B
| $3.65M | 0.2% |
255,050
+100,000
| +64% | +$1.43M |
2013 Q4
2 quarters
|
|
25
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
| $3.54M | 0.2% |
275,738
| – | – |
2013 Q4
2 quarters
|
|
Similar funds
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 Miscellaneous at 95% of assets, up from 90% a quarter earlier, followed by Consumer Discretionary and Energy.
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.