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 |
Avis
CAR
|
+$5.46M |
| 2 |
Eaton Vance National Municipal Opportunities Trust
EOT
|
+$3.85M |
| 3 |
VMM
Delaware Investments Minnesota Municipal Income Fund II
VMM
|
+$1.86M |
| 4 |
Franklin Municipal Opportunities Trust
PMO
|
+$893K |
| 5 |
BTA
BlackRock Long-Term Municipal Advantage Trust
BTA
|
+$379K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stanley Black & Decker
SWK
|
+$10.2M |
| 2 |
RTX Corp
RTX
|
+$9.22M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$6.82M |
| 4 |
General Motors
GM
|
+$4.99M |
| 5 |
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
|
+$3.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 95.44% |
| 2 | Industrials | 1.84% |
| 3 | Consumer Discretionary | 0.84% |
| 4 | Financials | 0.73% |
| 5 | Energy | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
American Tower Corporation
AMT.PRA
| $33.5M | 1.83% |
318,502
+3,215
| +1% | +$320K |
2014 Q2
7 quarters
|
|
|
TSNU
2
DELISTED
Tyson Foods, Inc.
TSNU
| $30.9M | 1.68% |
413,081
-4,085
| -1% | -$275K |
2014 Q3
6 quarters
|
|
3
DELISTED
Crown Castle International Corp.
CCI.PRA
| $27.3M | 1.49% |
254,909
| – | – |
2014 Q3
6 quarters
|
|
|
SWH
4
DELISTED
Stanley Black & Decker, Inc.
SWH
| $26.2M | 1.42% |
231,032
-2,069
| -0.9% | -$223K |
2014 Q3
6 quarters
|
|
|
AGN.PRA
5
DELISTED
Allergan plc
AGN.PRA
| $24.1M | 1.31% |
26,213
-207
| -0.8% | -$198K |
2015 Q2
3 quarters
|
|
6
SPDR Gold Trust
GLD
$130B
| $19.9M | 1.09% |
169,400
| – | – |
2015 Q2
3 quarters
|
|
7
Delta Air Lines
DAL
$56.7B
| $19.4M | 1.06% |
399,518
| – | – |
2015 Q2
3 quarters
|
|
|
FCAM
8
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $14.9M | 0.81% |
203,120
-1,864
| -0.9% | -$124K |
2015 Q1
4 quarters
|
|
9
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
| $13.3M | 0.72% |
200,782
| – | – |
2014 Q4
5 quarters
|
|
10
Bank of America Series L
BAC.PRL
$3.58B
| $11.5M | 0.63% |
10,146
-284
| -3% | -$315K |
2013 Q2
11 quarters
|
|
|
11
General Motors
GM
$72.5B
| $9.43M | 0.51% |
300,140
-165,835
| -36% | -$4.99M |
2013 Q2
11 quarters
|
|
|
HOT
12
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $9.19M | 0.5% |
110,170
-100,000
| -48% | -$6.82M |
2015 Q3
2 quarters
|
|
|
13
Bank of America
BAC
$352B
| $9.01M | 0.49% |
666,299
| – | – |
2015 Q1
4 quarters
|
|
|
14
RTX Corp
RTX
$268B
| $8.84M | 0.48% |
140,387
-158,900
| -53% | -$9.22M |
2015 Q3
2 quarters
|
|
|
NMO
15
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
| $8.57M | 0.47% |
602,595
| – | – |
2015 Q1
4 quarters
|
|
|
SWNC
16
DELISTED
Southwestern Energy Company
SWNC
| $8.49M | 0.46% |
428,355
+6,901
| +2% | +$127K |
2015 Q1
4 quarters
|
|
17
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.16B
| $8.41M | 0.46% |
6,978
-163
| -2% | -$192K |
2013 Q2
11 quarters
|
|
18
DELISTED
Alcoa Inc
AA.PRB
| $6.74M | 0.37% |
203,178
| – | – |
2014 Q3
6 quarters
|
|
19
Halliburton
HAL
$27.9B
| $6.67M | 0.36% |
186,718
| – | – |
2014 Q3
6 quarters
|
|
20
DELISTED
NextEra Energy, Inc.
NEE.PRQ
| $6.63M | 0.36% |
109,800
| – | – |
2015 Q3
2 quarters
|
|
21
DELISTED
Welltower Inc.
WELL.PRI
| $6.08M | 0.33% |
97,900
| – | – |
2013 Q3
10 quarters
|
|
22
Expedia Group
EXPE
$30.6B
| $5.99M | 0.33% |
55,519
| – | – |
2015 Q4
1 quarter
|
|
23
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
| $5.55M | 0.3% |
386,753
-11,652
| -3% | -$165K |
2014 Q3
6 quarters
|
|
|
24
Avis
CAR
$4.43B
| $5.47M | 0.3% |
+200,000
| New | +$5.46M |
2016 Q1
0 quarters
|
|
25
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $5.36M | 0.29% |
80,000
| – | – |
2013 Q2
11 quarters
|
|
Similar funds
Mackay Shields LLC's Q1 2016 Portfolio in Review
As of Q1 2016, Mackay Shields LLC held 119 positions worth $1.84B, down 0.27% from $1.84B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Mackay Shields LLC withdrew a net $1.4B in Q1 2016, closing 9 positions and reducing 15 holdings. Its most notable exit was Stanley Black & Decker, an estimated $10.2M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 95% of assets, up from 94% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Mackay Shields LLC opened a new position in Avis worth $5.47M.
- Mackay Shields LLC's largest Q1 2016 buy was Avis: 200,000 shares worth $5.47M.
- Mackay Shields LLC added most to American Tower Corporation in Q1 2016, an estimated $320K increase.
- Mackay Shields LLC's biggest Q1 2016 reduction was RTX Corp, cutting an estimated $9.22M.
- Mackay Shields LLC fully exited Stanley Black & Decker in Q1 2016, selling an estimated $10.2M.
- Mackay Shields LLC's ten largest holdings make up 29% of its $1.84B portfolio in Q1 2016.
- Mackay Shields LLC opened 6 new positions and closed 9 in Q1 2016.
- Mackay Shields LLC's portfolio value fell 0.27% quarter-over-quarter to $1.84B.
Based on Mackay Shields LLC's 13F filing for Q1 2016, filed 21 Apr 2016.