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Mackay Shields LLC Portfolio holdings
AUM
$2.76B
Turnover
2.83%
1-Year Est. Return
2.8%
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.
This Fund
S&P 500
This Quarter Est. Return
+0.41%
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
$2.22B
AUM Growth
+$211M
(+10%)
Cap. Flow
-$1.36B
Cap. Flow % of AUM
Cap. Flow %
-61.09%
Top 10 Holdings %
Top 10 Hldgs %
26.57%
Holding
123
New
7
Increased
10
Reduced
18
Closed
8
Avg Time Held
1.6
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen AMT-Free Quality Municipal Income Fund
NEA
|
+$26.7M |
| 2 |
Nuveen AMT-Free Municipal Credit Income Fund
NVG
|
+$7.95M |
| 3 |
Marriott International
MAR
|
+$6.21M |
| 4 |
Nuveen Municipal Credit Income Fund
NZF
|
+$6.2M |
| 5 |
BlackRock Municipal Income Fund, Inc.
MUI
|
+$5.86M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NMO
NUVEEN MUNI MARKET OPPORT FUND
NMO
|
+$10.2M |
| 2 |
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
|
+$9.8M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$8.15M |
| 4 |
Expedia Group
EXPE
|
+$5.9M |
| 5 |
Invesco Municipal Trust
VKQ
|
+$5.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.59% |
| 2 | Industrials | 1.24% |
| 3 | Energy | 1.01% |
| 4 | Consumer Discretionary | 0.7% |
| 5 | Financials | 0.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
American Tower Corporation
AMT.PRA
| $37.5M | 1.69% |
337,742
-1,022
| -0.3% | -$114K |
2014 Q2
9 quarters
|
|
|
TSNU
2
DELISTED
Tyson Foods, Inc.
TSNU
| $33.8M | 1.52% |
410,838
-2,212
| -0.5% | -$178K |
2014 Q3
8 quarters
|
|
|
AGN.PRA
3
DELISTED
Allergan plc
AGN.PRA
| $33.7M | 1.52% |
41,165
-88
| -0.2% | -$76.1K |
2015 Q2
5 quarters
|
|
4
DELISTED
Crown Castle International Corp.
CCI.PRA
| $31M | 1.4% |
274,651
| – | – |
2014 Q3
8 quarters
|
|
|
SWH
5
DELISTED
Stanley Black & Decker, Inc.
SWH
| $29M | 1.31% |
229,434
-1,682
| -0.7% | -$209K |
2014 Q3
8 quarters
|
|
|
6
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.2B
| $26.2M | 1.18% |
+1,795,140
| New | +$26.7M |
2016 Q3
0 quarters
|
|
7
SPDR Gold Trust
GLD
$138B
| $21.3M | 0.96% |
169,400
| – | – |
2015 Q2
5 quarters
|
|
|
8
Nuveen Municipal Credit Income Fund
NZF
$2.26B
| $21M | 0.95% |
1,335,931
+390,205
| +41% | +$6.2M |
2015 Q1
6 quarters
|
|
|
9
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.51B
| $18.2M | 0.82% |
1,130,278
+490,495
| +77% | +$7.95M |
2016 Q2
1 quarter
|
|
10
Franklin Municipal Opportunities Trust
PMO
$288M
| $16.5M | 0.74% |
1,234,990
+95,063
| +8% | +$1.27M |
2016 Q1
2 quarters
|
|
11
Delta Air Lines
DAL
$60.4B
| $15.7M | 0.71% |
399,518
| – | – |
2015 Q2
5 quarters
|
|
12
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
| $15.7M | 0.71% |
200,782
| – | – |
2014 Q4
7 quarters
|
|
|
SWNC
13
DELISTED
Southwestern Energy Company
SWNC
| $13.6M | 0.61% |
425,950
-2,146
| -0.5% | -$69.2K |
2015 Q1
6 quarters
|
|
|
FCAM
14
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $12.9M | 0.58% |
200,317
-1,787
| -0.9% | -$114K |
2015 Q1
6 quarters
|
|
15
Bank of America Series L
BAC.PRL
$3.58B
| $12.2M | 0.55% |
10,009
-108
| -1% | -$132K |
2013 Q2
13 quarters
|
|
|
16
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $12.1M | 0.55% |
800,000
+382,642
| +92% | +$5.86M |
2016 Q2
1 quarter
|
|
|
17
Bank of America
BAC
$349B
| $10.4M | 0.47% |
666,299
| – | – |
2015 Q1
6 quarters
|
|
18
General Motors
GM
$76.1B
| $9.5M | 0.43% |
299,511
-629
| -0.2% | -$19.6K |
2013 Q2
13 quarters
|
|
19
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$844M
| $9.16M | 0.41% |
648,590
+273,734
| +73% | +$3.93M |
2014 Q3
8 quarters
|
|
20
RTX Corp
RTX
$265B
| $8.98M | 0.4% |
140,387
| – | – |
2015 Q3
4 quarters
|
|
21
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.24B
| $8.9M | 0.4% |
6,825
-77
| -1% | -$103K |
2013 Q2
13 quarters
|
|
|
VMM
22
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
| $8.44M | 0.38% |
564,399
-39,563
| -7% | -$593K |
2016 Q1
2 quarters
|
|
23
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
| $8.39M | 0.38% |
563,000
+206,215
| +58% | +$3.14M |
2014 Q3
8 quarters
|
|
24
Halliburton
HAL
$26.4B
| $8.38M | 0.38% |
186,718
| – | – |
2014 Q3
8 quarters
|
|
25
DELISTED
NextEra Energy, Inc.
NEE.PRQ
| $7.86M | 0.35% |
132,353
+22,553
| +21% | +$1.39M |
2015 Q3
4 quarters
|
|
Similar funds
Mackay Shields LLC's Q3 2016 Portfolio in Review
As of Q3 2016, Mackay Shields LLC held 123 positions worth $2.22B, up 10% from $2.01B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Mackay Shields LLC withdrew a net $1.36B in Q3 2016, closing 8 positions and reducing 18 holdings. Its most notable exit was NUVEEN MUNI MARKET OPPORT FUND, an estimated $10.2M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, up from 96% a quarter earlier, followed by Industrials and Energy.
Against the trend, Mackay Shields LLC opened a new position in Nuveen AMT-Free Quality Municipal Income Fund worth $26.2M.
- Mackay Shields LLC's largest Q3 2016 buy was Nuveen AMT-Free Quality Municipal Income Fund: 1,795,140 shares worth $26.2M.
- Mackay Shields LLC added most to Nuveen AMT-Free Municipal Credit Income Fund in Q3 2016, an estimated $7.95M increase.
- Mackay Shields LLC's biggest Q3 2016 reduction was Invesco Municipal Trust, cutting an estimated $5.09M.
- Mackay Shields LLC fully exited NUVEEN MUNI MARKET OPPORT FUND in Q3 2016, selling an estimated $10.2M.
- Mackay Shields LLC's ten largest holdings make up 27% of its $2.22B portfolio in Q3 2016.
- Mackay Shields LLC opened 7 new positions and closed 8 in Q3 2016.
- Mackay Shields LLC's portfolio value rose 10% quarter-over-quarter to $2.22B.
Based on Mackay Shields LLC's 13F filing for Q3 2016, filed 20 Oct 2016.