Mackay Shields LLC Portfolio holdings
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN.PRA
Allergan plc
AGN.PRA
|
+$28M |
| 2 |
SPDR Gold Trust
GLD
|
+$19.4M |
| 3 |
Delta Air Lines
DAL
|
+$14.2M |
| 4 |
SWNC
Southwestern Energy Company
SWNC
|
+$12.1M |
| 5 |
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
|
+$10.5M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 94.97% |
| 2 | Consumer Discretionary | 2.61% |
| 3 | Financials | 0.94% |
| 4 | Industrials | 0.68% |
| 5 | Energy | 0.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SWU
1
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
| $47.3M | 2.42% |
327,515
-2,613
| -0.8% | -$369K |
2013 Q2
8 quarters
|
|
|
UTX.PRA
2
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
| $36M | 1.84% |
627,463
-5,786
| -0.9% | -$350K |
2013 Q2
8 quarters
|
|
|
AGN.PRA
3
DELISTED
Allergan plc
AGN.PRA
| $27.9M | 1.43% |
+26,730
| New | +$28M |
2015 Q2
0 quarters
|
|
4
Ford
F
$47.6B
| $27.7M | 1.42% |
1,844,500
| – | – |
2014 Q3
3 quarters
|
|
5
DELISTED
American Tower Corporation
AMT.PRA
| $27M | 1.38% |
266,639
-2,656
| -1% | -$275K |
2014 Q2
4 quarters
|
|
|
FCAM
6
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $25.9M | 1.32% |
204,973
+52,967
| +35% | +$7.14M |
2015 Q1
1 quarter
|
|
7
General Motors
GM
$72.5B
| $23.3M | 1.19% |
699,066
-37,385
| -5% | -$1.33M |
2013 Q2
8 quarters
|
|
|
TSNU
8
DELISTED
Tyson Foods, Inc.
TSNU
| $21.6M | 1.11% |
419,561
+115,761
| +38% | +$5.86M |
2014 Q3
3 quarters
|
|
|
SWNC
9
DELISTED
Southwestern Energy Company
SWNC
| $21.4M | 1.1% |
433,619
+218,619
| +102% | +$12.1M |
2015 Q1
1 quarter
|
|
10
DELISTED
Crown Castle International Corp.
CCI.PRA
| $20.6M | 1.06% |
199,755
-600
| -0.3% | -$62.9K |
2014 Q3
3 quarters
|
|
|
SWH
11
DELISTED
Stanley Black & Decker, Inc.
SWH
| $20.5M | 1.05% |
170,000
-500
| -0.3% | -$58.6K |
2014 Q3
3 quarters
|
|
|
12
SPDR Gold Trust
GLD
$130B
| $19M | 0.97% |
+169,400
| New | +$19.4M |
2015 Q2
0 quarters
|
|
13
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.16B
| $13.7M | 0.7% |
11,673
-193
| -2% | -$233K |
2013 Q2
8 quarters
|
|
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 |
2014 Q4
2 quarters
|
|
|
15
Delta Air Lines
DAL
$56.7B
| $13.3M | 0.68% |
+323,913
| New | +$14.2M |
2015 Q2
0 quarters
|
|
16
Bank of America Series L
BAC.PRL
$3.58B
| $13.1M | 0.67% |
11,745
-325
| -3% | -$373K |
2013 Q2
8 quarters
|
|
|
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 |
2013 Q2
8 quarters
|
|
|
NMO
18
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
| $10.7M | 0.55% |
828,004
| – | – |
2015 Q1
1 quarter
|
|
19
Halliburton
HAL
$27.9B
| $8.04M | 0.41% |
186,718
-4,100
| -2% | -$189K |
2014 Q3
3 quarters
|
|
|
20
Bank of America
BAC
$352B
| $8M | 0.41% |
469,774
| – | – |
2015 Q1
1 quarter
|
|
21
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
| $7.89M | 0.4% |
600,119
| – | – |
2014 Q3
3 quarters
|
|
22
DELISTED
Alcoa Inc
AA.PRB
| $7.81M | 0.4% |
197,600
-600
| -0.3% | -$26.7K |
2014 Q3
3 quarters
|
|
23
Nuveen Municipal Credit Income Fund
NZF
$2.18B
| $7.81M | 0.4% |
584,300
| – | – |
2015 Q1
1 quarter
|
|
24
Invesco Municipal Trust
VKQ
$497M
| $7.44M | 0.38% |
618,596
| – | – |
2015 Q1
1 quarter
|
|
25
DELISTED
Anthem, Inc.
ANTX
| $6.94M | 0.36% |
+131,800
| New | +$7.01M |
2015 Q2
0 quarters
|
|
Similar funds
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 Miscellaneous at 95% of assets, up from 95% a quarter earlier, followed by Consumer Discretionary and Financials.
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.