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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
+0.41%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.22B
AUM Growth
+$211M
Cap. Flow
-$1.36B
Cap. Flow %
-61.09%
Top 10 Hldgs %
26.57%
Holding
123
New
7
Increased
10
Reduced
18
Closed
8

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26.7M
2
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$7.95M
3
MAR icon
Marriott International
MAR
+$6.21M
4
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$6.2M
5
MUI
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
+$9.82M
3
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
+$8.15M
4
EXPE icon
Expedia Group
EXPE
+$5.9M
5
VKQ icon
Invesco Municipal Trust
VKQ
+$5.09M

Sector Composition

Rank Sector Weight
1 Industrials 1.24%
2 Energy 1.01%
3 Consumer Discretionary 0.7%
4 Financials 0.47%
5 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMT.PRA
1
DELISTED
American Tower Corporation
AMT.PRA
$37.5M 1.69%
337,742
-1,022
-0.3% -$114K
TSNU
2
DELISTED
Tyson Foods, Inc.
TSNU
$33.8M 1.52%
410,838
-2,212
-0.5% -$178K
AGN.PRA
3
DELISTED
Allergan plc
AGN.PRA
$33.7M 1.52%
41,165
-88
-0.2% -$76.1K
CCI.PRA
4
DELISTED
Crown Castle International Corp.
CCI.PRA
$31M 1.4%
274,651
– –
SWH
5
DELISTED
Stanley Black & Decker, Inc.
SWH
$29M 1.31%
229,434
-1,682
-0.7% -$209K
NEA icon
6
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$26.2M 1.18%
+1,795,140
New +$26.7M
GLD icon
7
SPDR Gold Trust
GLD
$132B
$21.3M 0.96%
169,400
– –
NZF icon
8
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$21M 0.95%
1,335,931
+390,205
+41% +$6.2M
NVG icon
9
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.72B
$18.2M 0.82%
1,130,278
+490,495
+77% +$7.95M
PMO
10
Franklin Municipal Opportunities Trust
PMO
$293M
$16.5M 0.74%
1,234,990
+95,063
+8% +$1.27M
DAL icon
11
Delta Air Lines
DAL
$55.7B
$15.7M 0.71%
399,518
– –
TMUSP
12
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$15.7M 0.71%
200,782
– –
SWNC
13
DELISTED
Southwestern Energy Company
SWNC
$13.6M 0.61%
425,950
-2,146
-0.5% -$69.2K
FCAM
14
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
$12.9M 0.58%
200,317
-1,787
-0.9% -$114K
BAC.PRL icon
15
Bank of America Series L
BAC.PRL
$3.95B
$12.2M 0.55%
10,009
-108
-1% -$132K
MUI
16
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$12.1M 0.55%
800,000
+382,642
+92% +$5.86M
BAC icon
17
Bank of America
BAC
$430B
$10.4M 0.47%
666,299
– –
GM icon
18
General Motors
GM
$71.7B
$9.52M 0.43%
299,511
-629
-0.2% -$19.6K
NRK icon
19
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$924M
$9.16M 0.41%
648,590
+273,734
+73% +$3.93M
RTX icon
20
RTX Corp
RTX
$262B
$8.98M 0.4%
140,387
– –
WFC.PRL icon
21
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$8.9M 0.4%
6,825
-77
-1% -$103K
VMM
22
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$8.44M 0.38%
564,399
-39,563
-7% -$593K
NQP
23
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$8.39M 0.38%
563,000
+206,215
+58% +$3.14M
HAL icon
24
Halliburton
HAL
$27.7B
$8.38M 0.38%
186,718
– –
NEE.PRQ
25
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$7.86M 0.35%
132,353
+22,553
+21% +$1.39M
1
2 3

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MASUI
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LMIM
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XL
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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 Industrials at 1.2% of assets, down from 1.3% a quarter earlier, followed by Energy and Consumer Discretionary.

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.