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Mackay Shields LLC Portfolio holdings
AUM
$2.76B
Turnover
2.83%
1-Year Est. Return
2.8%
This Fund
S&P 500
This Quarter Est. Return
+0.99%
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
$2.01B
AUM Growth
+$173M
(+9.4%)
Cap. Flow
-$1.23B
Cap. Flow % of AUM
Cap. Flow %
-61.23%
Top 10 Holdings %
Top 10 Hldgs %
28.89%
Holding
119
New
12
Increased
14
Reduced
7
Closed
5
Avg Time Held
1.5
years
Top 10 Avg Time Held
0.9
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franklin Municipal Opportunities Trust
PMO
|
+$14M |
| 2 |
AGN.PRA
Allergan plc
AGN.PRA
|
+$12.6M |
| 3 |
Nuveen Municipal Credit Income Fund
NZF
|
+$12M |
| 4 |
Nuveen AMT-Free Municipal Credit Income Fund
NVG
|
+$10M |
| 5 |
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
|
+$9.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$5.36M |
| 2 |
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
|
+$4.3M |
| 3 |
MUS
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
|
+$3.82M |
| 4 |
Avis
CAR
|
+$2.76M |
| 5 |
MYF
Blackrock Muni Yield Investment Fund, Inc.
MYF
|
+$1.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 95.88% |
| 2 | Industrials | 1.34% |
| 3 | Financials | 0.93% |
| 4 | Energy | 0.73% |
| 5 | Consumer Discretionary | 0.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
American Tower Corporation
AMT.PRA
| $38M | 1.89% |
338,764
+20,262
| +6% | +$2.17M |
2014 Q2
8 quarters
|
|
|
AGN.PRA
2
DELISTED
Allergan plc
AGN.PRA
| $34.4M | 1.71% |
41,253
+15,040
| +57% | +$12.6M |
2015 Q2
4 quarters
|
|
3
DELISTED
Crown Castle International Corp.
CCI.PRA
| $33.2M | 1.65% |
274,651
+19,742
| +8% | +$2.17M |
2014 Q3
7 quarters
|
|
|
TSNU
4
DELISTED
Tyson Foods, Inc.
TSNU
| $30.6M | 1.52% |
413,050
-31
| -0% | -$2.23K |
2014 Q3
7 quarters
|
|
|
SWH
5
DELISTED
Stanley Black & Decker, Inc.
SWH
| $26.9M | 1.34% |
231,116
+84
| +0% | +$9.8K |
2014 Q3
7 quarters
|
|
6
SPDR Gold Trust
GLD
$137B
| $21.4M | 1.07% |
169,400
| – | – |
2015 Q2
4 quarters
|
|
|
7
Franklin Municipal Opportunities Trust
PMO
$271M
| $15.3M | 0.76% |
1,139,927
+1,068,414
| +1,494% | +$14M |
2016 Q1
1 quarter
|
|
|
8
Nuveen Municipal Credit Income Fund
NZF
$2.21B
| $15.1M | 0.75% |
945,726
+778,182
| +464% | +$12M |
2015 Q1
5 quarters
|
|
9
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
| $14.8M | 0.73% |
200,782
| – | – |
2014 Q4
6 quarters
|
|
10
Delta Air Lines
DAL
$53.6B
| $14.6M | 0.72% |
399,518
| – | – |
2015 Q2
4 quarters
|
|
|
SWNC
11
DELISTED
Southwestern Energy Company
SWNC
| $13M | 0.65% |
428,096
-259
| -0.1% | -$7.51K |
2015 Q1
5 quarters
|
|
|
FCAM
12
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $12.1M | 0.6% |
202,104
-1,016
| -0.5% | -$68.4K |
2015 Q1
5 quarters
|
|
13
Bank of America Series L
BAC.PRL
$3.61B
| $12.1M | 0.6% |
10,117
-29
| -0.3% | -$34K |
2013 Q2
12 quarters
|
|
|
14
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.4B
| $10.4M | 0.52% |
+639,783
| New | +$10M |
2016 Q2
0 quarters
|
|
|
NMO
15
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
| $10.2M | 0.51% |
674,680
+72,085
| +12% | +$1.06M |
2015 Q1
5 quarters
|
|
|
NPP
16
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
| $9.8M | 0.49% |
+595,081
| New | +$9.7M |
2016 Q2
0 quarters
|
|
|
VMM
17
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
| $9.25M | 0.46% |
603,962
+470,500
| +353% | +$7.02M |
2016 Q1
1 quarter
|
|
18
RTX Corp
RTX
$263B
| $9.06M | 0.45% |
140,387
| – | – |
2015 Q3
3 quarters
|
|
19
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.21B
| $8.97M | 0.45% |
6,902
-76
| -1% | -$94.6K |
2013 Q2
12 quarters
|
|
|
20
Bank of America
BAC
$351B
| $8.84M | 0.44% |
666,299
| – | – |
2015 Q1
5 quarters
|
|
21
General Motors
GM
$68.4B
| $8.49M | 0.42% |
300,140
| – | – |
2013 Q2
12 quarters
|
|
22
Halliburton
HAL
$29.5B
| $8.46M | 0.42% |
186,718
| – | – |
2014 Q3
7 quarters
|
|
|
HOT
23
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $8.15M | 0.41% |
110,170
| – | – |
2015 Q3
3 quarters
|
|
|
ENX
24
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
| $7.33M | 0.36% |
+505,288
| New | +$7.16M |
2016 Q2
0 quarters
|
|
25
DELISTED
NextEra Energy, Inc.
NEE.PRQ
| $6.99M | 0.35% |
109,800
| – | – |
2015 Q3
3 quarters
|
|
Similar funds
Mackay Shields LLC's Q2 2016 Portfolio in Review
As of Q2 2016, Mackay Shields LLC held 119 positions worth $2.01B, up 9.4% from $1.84B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Mackay Shields LLC withdrew a net $1.23B in Q2 2016, closing 5 positions and reducing 7 holdings. Its most notable exit was CAMERON INTERNATIONAL CORPORATION, an estimated $5.36M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 96% of assets, up from 95% a quarter earlier, followed by Industrials and Financials.
Against the trend, Mackay Shields LLC opened a new position in Nuveen AMT-Free Municipal Credit Income Fund worth $10.4M.
- Mackay Shields LLC's largest Q2 2016 buy was Nuveen AMT-Free Municipal Credit Income Fund: 639,783 shares worth $10.4M.
- Mackay Shields LLC added most to Franklin Municipal Opportunities Trust in Q2 2016, an estimated $14M increase.
- Mackay Shields LLC's biggest Q2 2016 reduction was Avis, cutting an estimated $2.76M.
- Mackay Shields LLC fully exited CAMERON INTERNATIONAL CORPORATION in Q2 2016, selling an estimated $5.36M.
- Mackay Shields LLC's ten largest holdings make up 29% of its $2.01B portfolio in Q2 2016.
- Mackay Shields LLC opened 12 new positions and closed 5 in Q2 2016.
- Mackay Shields LLC's portfolio value rose 9.4% quarter-over-quarter to $2.01B.
Based on Mackay Shields LLC's 13F filing for Q2 2016, filed 25 Jul 2016.