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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
+0.13%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.89B
AUM Growth
-$51.8M
Cap. Flow
-$1.34B
Cap. Flow %
-70.73%
Top 10 Hldgs %
26.41%
Holding
140
New
11
Increased
7
Reduced
13
Closed
10

Top Buys

Rank Stock Value
1
ACT.PRA
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
+$28.2M
2
FCAM
Fiat Chrysler Automobiles N.V.
FCAM
+$19M
3
AMT.PRA
American Tower Corporation
AMT.PRA
+$14.8M
4
SWNC
Southwestern Energy Company
SWNC
+$11.6M
5
NMO
NUVEEN MUNI MARKET OPPORT FUND
NMO
+$11.4M

Top Sells

Rank Stock Value
1
GM icon
General Motors
GM
+$12.2M
2
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$4.2M
3
NIO
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
+$3.44M
4
NPM
NUVEEN PREMIUM INCM MUNI FD II
NPM
+$2.54M
5
NPT
NUVEEN PREM INSD MUNI FD-4 INC
NPT
+$1.92M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.04%
2 Energy 0.63%
3 Financials 0.38%
4 Materials 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWU
1
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$44.3M 2.35%
330,128
-11,152
-3% -$1.51M
UTX.PRA
2
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
$39M 2.06%
633,249
-6,531
-1% -$407K
F icon
3
Ford
F
$56.9B
$29.8M 1.58%
1,844,500
– –
AMT.PRA
4
DELISTED
American Tower Corporation
AMT.PRA
$27.7M 1.47%
269,295
+137,244
+104% +$14.8M
GM icon
5
General Motors
GM
$71.7B
$27.6M 1.46%
736,451
-334,433
-31% -$12.2M
ACT.PRA
6
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
$27.3M 1.44%
+26,950
New +$28.2M
CCI.PRA
7
DELISTED
Crown Castle International Corp.
CCI.PRA
$21M 1.11%
200,355
-3,600
-2% -$383K
FCAM
8
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
$20.9M 1.11%
+152,006
New +$19M
SWH
9
DELISTED
Stanley Black & Decker, Inc.
SWH
$19.2M 1.01%
170,500
– –
TSNU
10
DELISTED
Tyson Foods, Inc.
TSNU
$14.7M 0.78%
303,800
– –
WFC.PRL icon
11
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$14.5M 0.77%
11,866
-1,135
-9% -$1.39M
BAC.PRL icon
12
Bank of America Series L
BAC.PRL
$3.95B
$14M 0.74%
12,070
-1,463
-11% -$1.71M
MTCN
13
DELISTED
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
$13.6M 0.72%
907,200
– –
TMUSP
14
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$11.6M 0.62%
198,100
-1,900
-1% -$111K
NMO
15
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$11.3M 0.6%
+828,004
New +$11.4M
SWNC
16
DELISTED
Southwestern Energy Company
SWNC
$10.8M 0.57%
+215,000
New +$11.6M
VKI icon
17
Invesco Advantage Municipal Income Trust II
VKI
$404M
$9.21M 0.49%
783,744
+336,036
+75% +$3.95M
AA.PRB
18
DELISTED
Alcoa Inc
AA.PRB
$8.69M 0.46%
198,200
-1,800
-0.9% -$87.6K
HAL icon
19
Halliburton
HAL
$27.7B
$8.37M 0.44%
190,818
– –
NQP
20
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$8.34M 0.44%
600,119
+163,603
+37% +$2.31M
NZF icon
21
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$8.29M 0.44%
+584,300
New +$8.24M
VKQ icon
22
Invesco Municipal Trust
VKQ
$547M
$7.92M 0.42%
+618,596
New +$7.95M
BAC icon
23
Bank of America
BAC
$430B
$7.23M 0.38%
+469,774
New +$7.54M
NRK icon
24
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$924M
$7.13M 0.38%
545,845
+528,809
+3,104% +$6.95M
MFL
25
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$7.07M 0.37%
490,455
– –
1
2 3

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GC
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PA
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MASUI
MIRAE ASSET SECURITIES (USA) INC. New York $2.72B AUM 36.56% 1-Year Est. Return
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 2015 Portfolio in Review

As of Q1 2015, Mackay Shields LLC held 140 positions worth $1.89B, down 2.7% from $1.94B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Mackay Shields LLC withdrew a net $1.34B in Q1 2015, closing 10 positions and reducing 13 holdings. Its most notable exit was BlackRock Municipal Income Fund, Inc., an estimated $4.2M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3% of assets, down from 3.4% a quarter earlier, followed by Energy and Financials.

Against the trend, Mackay Shields LLC opened a new position in ACTAVIS PLC Pfd Conv Ser A (Irl) worth $27.3M.

  • Mackay Shields LLC's largest Q1 2015 buy was ACTAVIS PLC Pfd Conv Ser A (Irl): 26,950 shares worth $27.3M.
  • Mackay Shields LLC added most to American Tower Corporation in Q1 2015, an estimated $14.8M increase.
  • Mackay Shields LLC's biggest Q1 2015 reduction was General Motors, cutting an estimated $12.2M.
  • Mackay Shields LLC fully exited BlackRock Municipal Income Fund, Inc. in Q1 2015, selling an estimated $4.2M.
  • Mackay Shields LLC's ten largest holdings make up 26% of its $1.89B portfolio in Q1 2015.
  • Mackay Shields LLC opened 11 new positions and closed 10 in Q1 2015.
  • Mackay Shields LLC's portfolio value fell 2.7% quarter-over-quarter to $1.89B.

Based on Mackay Shields LLC's 13F filing for Q1 2015, filed 5 May 2015.