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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
-0.57%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$1.95B
AUM Growth
+$64.7M
Cap. Flow
-$1.3B
Cap. Flow %
-66.4%
Top 10 Hldgs %
26.15%
Holding
132
New
5
Increased
4
Reduced
22
Closed
4

Top Buys

Rank Stock Value
1
AGN.PRA
Allergan plc
AGN.PRA
+$28M
2
GLD icon
SPDR Gold Trust
GLD
+$19.4M
3
DAL icon
Delta Air Lines
DAL
+$14.2M
4
SWNC
Southwestern Energy Company
SWNC
+$12.1M
5
NEE.PRO
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
+$10.5M

Top Sells

Rank Stock Value
1
ACT.PRA
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
+$27.3M
2
MTCN
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
+$13.8M
3
HYMB icon
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
+$5.07M
4
MFL
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
+$3.7M
5
MCA
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
+$3.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 2.61%
2 Industrials 0.68%
3 Energy 0.63%
4 Financials 0.41%
5 Materials 0.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWU
1
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$47.3M 2.42%
327,515
-2,613
-0.8% -$369K
UTX.PRA
2
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
$36M 1.84%
627,463
-5,786
-0.9% -$350K
AGN.PRA
3
DELISTED
Allergan plc
AGN.PRA
$27.9M 1.43%
+26,730
New +$28M
F icon
4
Ford
F
$56.9B
$27.7M 1.42%
1,844,500
– –
AMT.PRA
5
DELISTED
American Tower Corporation
AMT.PRA
$27M 1.38%
266,639
-2,656
-1% -$275K
FCAM
6
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
$25.9M 1.32%
204,973
+52,967
+35% +$7.14M
GM icon
7
General Motors
GM
$71.7B
$23.3M 1.19%
699,066
-37,385
-5% -$1.33M
TSNU
8
DELISTED
Tyson Foods, Inc.
TSNU
$21.6M 1.11%
419,561
+115,761
+38% +$5.86M
SWNC
9
DELISTED
Southwestern Energy Company
SWNC
$21.4M 1.1%
433,619
+218,619
+102% +$12.1M
CCI.PRA
10
DELISTED
Crown Castle International Corp.
CCI.PRA
$20.6M 1.06%
199,755
-600
-0.3% -$62.9K
SWH
11
DELISTED
Stanley Black & Decker, Inc.
SWH
$20.5M 1.05%
170,000
-500
-0.3% -$58.6K
GLD icon
12
SPDR Gold Trust
GLD
$132B
$19M 0.97%
+169,400
New +$19.4M
WFC.PRL icon
13
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$13.7M 0.7%
11,673
-193
-2% -$233K
TMUSP
14
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$13.3M 0.68%
197,600
-500
-0.3% -$32.4K
DAL icon
15
Delta Air Lines
DAL
$55.7B
$13.3M 0.68%
+323,913
New +$14.2M
BAC.PRL icon
16
Bank of America Series L
BAC.PRL
$3.95B
$13.1M 0.67%
11,745
-325
-3% -$373K
NEE.PRO
17
DELISTED
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
$11.1M 0.57%
179,500
+164,009
+1,059% +$10.5M
NMO
18
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$10.7M 0.55%
828,004
– –
HAL icon
19
Halliburton
HAL
$27.7B
$8.04M 0.41%
186,718
-4,100
-2% -$189K
BAC icon
20
Bank of America
BAC
$430B
$8M 0.41%
469,774
– –
NQP
21
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.89M 0.4%
600,119
– –
AA.PRB
22
DELISTED
Alcoa Inc
AA.PRB
$7.81M 0.4%
197,600
-600
-0.3% -$26.7K
NZF icon
23
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$7.81M 0.4%
584,300
– –
VKQ icon
24
Invesco Municipal Trust
VKQ
$547M
$7.44M 0.38%
618,596
– –
ANTX
25
DELISTED
Anthem, Inc.
ANTX
$6.95M 0.36%
+131,800
New +$7.01M
1
2 3

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MASUI
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Mackay Shields LLC's Q2 2015 Portfolio in Review

As of Q2 2015, Mackay Shields LLC held 132 positions worth $1.95B, up 3.4% from $1.89B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Mackay Shields LLC withdrew a net $1.3B in Q2 2015, closing 4 positions and reducing 22 holdings. Its most notable exit was ACTAVIS PLC Pfd Conv Ser A (Irl), an estimated $27.3M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 2.6% of assets, down from 3% a quarter earlier, followed by Industrials and Energy.

Against the trend, Mackay Shields LLC opened a new position in Allergan plc worth $27.9M.

  • Mackay Shields LLC's largest Q2 2015 buy was Allergan plc: 26,730 shares worth $27.9M.
  • Mackay Shields LLC added most to Southwestern Energy Company in Q2 2015, an estimated $12.1M increase.
  • Mackay Shields LLC's biggest Q2 2015 reduction was ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX), cutting an estimated $13.8M.
  • Mackay Shields LLC fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $27.3M.
  • Mackay Shields LLC's ten largest holdings make up 26% of its $1.95B portfolio in Q2 2015.
  • Mackay Shields LLC opened 5 new positions and closed 4 in Q2 2015.
  • Mackay Shields LLC's portfolio value rose 3.4% quarter-over-quarter to $1.95B.

Based on Mackay Shields LLC's 13F filing for Q2 2015, filed 3 Aug 2015.