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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
+0.99%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.01B
AUM Growth
+$173M
Cap. Flow
-$1.23B
Cap. Flow %
-61.23%
Top 10 Hldgs %
28.89%
Holding
119
New
12
Increased
14
Reduced
7
Closed
5

Top Buys

Rank Stock Value
1
PMO
Franklin Municipal Opportunities Trust
PMO
+$14M
2
AGN.PRA
Allergan plc
AGN.PRA
+$12.6M
3
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$12M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$10M
5
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
+$9.65M

Top Sells

Rank Stock Value
1
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
+$5.36M
2
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$4.3M
3
MUS
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
+$3.83M
4
CAR icon
Avis
CAR
+$2.76M
5
MYF
Blackrock Muni Yield Investment Fund, Inc.
MYF
+$1.81M

Sector Composition

Rank Sector Weight
1 Industrials 1.34%
2 Energy 0.73%
3 Consumer Discretionary 0.72%
4 Financials 0.44%
5 Real Estate 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMT.PRA
1
DELISTED
American Tower Corporation
AMT.PRA
$38M 1.89%
338,764
+20,262
+6% +$2.17M
AGN.PRA
2
DELISTED
Allergan plc
AGN.PRA
$34.4M 1.71%
41,253
+15,040
+57% +$12.6M
CCI.PRA
3
DELISTED
Crown Castle International Corp.
CCI.PRA
$33.2M 1.65%
274,651
+19,742
+8% +$2.17M
TSNU
4
DELISTED
Tyson Foods, Inc.
TSNU
$30.6M 1.52%
413,050
-31
-0% -$2.23K
SWH
5
DELISTED
Stanley Black & Decker, Inc.
SWH
$26.9M 1.34%
231,116
+84
+0% +$9.83K
GLD icon
6
SPDR Gold Trust
GLD
$132B
$21.4M 1.07%
169,400
– –
PMO
7
Franklin Municipal Opportunities Trust
PMO
$293M
$15.3M 0.76%
1,139,927
+1,068,414
+1,494% +$14M
NZF icon
8
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$15.1M 0.75%
945,726
+778,182
+464% +$12M
TMUSP
9
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$14.8M 0.73%
200,782
– –
DAL icon
10
Delta Air Lines
DAL
$55.7B
$14.6M 0.72%
399,518
– –
SWNC
11
DELISTED
Southwestern Energy Company
SWNC
$13M 0.65%
428,096
-259
-0.1% -$7.51K
FCAM
12
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
$12.1M 0.6%
202,104
-1,016
-0.5% -$68.4K
BAC.PRL icon
13
Bank of America Series L
BAC.PRL
$3.95B
$12.1M 0.6%
10,117
-29
-0.3% -$34K
NVG icon
14
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.72B
$10.4M 0.52%
+639,783
New +$10M
NMO
15
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$10.2M 0.51%
674,680
+72,085
+12% +$1.06M
NPP
16
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
$9.82M 0.49%
+595,081
New +$9.65M
VMM
17
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$9.25M 0.46%
603,962
+470,500
+353% +$7.02M
RTX icon
18
RTX Corp
RTX
$262B
$9.06M 0.45%
140,387
– –
WFC.PRL icon
19
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$8.97M 0.45%
6,902
-76
-1% -$94.6K
BAC icon
20
Bank of America
BAC
$430B
$8.84M 0.44%
666,299
– –
GM icon
21
General Motors
GM
$71.7B
$8.49M 0.42%
300,140
– –
HAL icon
22
Halliburton
HAL
$27.7B
$8.46M 0.42%
186,718
– –
HOT
23
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$8.15M 0.41%
110,170
– –
ENX
24
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$7.33M 0.36%
+505,288
New +$7.16M
NEE.PRQ
25
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$6.99M 0.35%
109,800
– –
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
Lockheed Martin Investment Management Bethesda, Maryland $2.73B AUM 28.24% 1-Year Est. Return
XL
XN LP New York $2.72B AUM 46.67% 1-Year Est. Return
PCM
Patient Capital Management Baltimore, Maryland $2.74B AUM 43.59% 1-Year Est. Return
CIAS
CBIZ Investment Advisory Services Independence, Ohio $2.74B AUM 14.19% 1-Year Est. Return
CA
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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 Industrials at 1.3% of assets, down from 1.8% a quarter earlier, followed by Energy and Consumer Discretionary.

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.