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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
-0.5%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.1B
AUM Growth
-$123M
Cap. Flow
-$1.67B
Cap. Flow %
-79.53%
Top 10 Hldgs %
28.47%
Holding
124
New
9
Increased
8
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
LEN icon
Lennar Class A
LEN
+$13.6M
2
ARNC.PRB
Arconic Inc.
ARNC.PRB
+$6.48M
3
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$2.74M
4
GLD icon
SPDR Gold Trust
GLD
+$2.28M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$1.31M

Top Sells

Rank Stock Value
1
CCI.PRA
Crown Castle International Corp.
CCI.PRA
+$31M
2
SWH
Stanley Black & Decker, Inc.
SWH
+$29M
3
FCAM
Fiat Chrysler Automobiles N.V.
FCAM
+$12.9M
4
AA.PRB
Alcoa Inc
AA.PRB
+$6.72M
5
DAL icon
Delta Air Lines
DAL
+$4.39M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 1.43%
2 Energy 1.11%
3 Industrials 0.99%
4 Financials 0.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMT.PRA
1
DELISTED
American Tower Corporation
AMT.PRA
$35.1M 1.67%
334,333
-3,409
-1% -$365K
AGN.PRA
2
DELISTED
Allergan plc
AGN.PRA
$30.9M 1.48%
40,625
-540
-1% -$408K
TSNU
3
DELISTED
Tyson Foods, Inc.
TSNU
$27.7M 1.32%
406,976
-3,862
-0.9% -$278K
NEA icon
4
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$23.9M 1.14%
1,795,140
– –
GLD icon
5
SPDR Gold Trust
GLD
$132B
$20.7M 0.99%
189,000
+19,600
+12% +$2.28M
TMUSP
6
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$18.9M 0.9%
200,782
– –
NZF icon
7
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$18.9M 0.9%
1,335,931
– –
NVG icon
8
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.72B
$16.3M 0.78%
1,130,278
– –
PMO
9
Franklin Municipal Opportunities Trust
PMO
$293M
$15.4M 0.74%
1,290,858
+55,868
+5% +$686K
DAL icon
10
Delta Air Lines
DAL
$55.7B
$14.9M 0.71%
303,129
-96,389
-24% -$4.39M
BAC icon
11
Bank of America
BAC
$430B
$14.7M 0.7%
666,299
– –
BAC.PRL icon
12
Bank of America Series L
BAC.PRL
$3.95B
$14.3M 0.68%
12,314
+2,305
+23% +$2.74M
LEN icon
13
Lennar Class A
LEN
$20B
$13.8M 0.66%
+337,133
New +$13.6M
MUI
14
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$11M 0.53%
800,000
– –
SWNC
15
DELISTED
Southwestern Energy Company
SWNC
$10.8M 0.51%
421,336
-4,614
-1% -$126K
HAL icon
16
Halliburton
HAL
$27.7B
$10.1M 0.48%
186,718
– –
GM icon
17
General Motors
GM
$71.7B
$8.95M 0.43%
256,982
-42,529
-14% -$1.43M
NRK icon
18
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$924M
$8.31M 0.4%
648,590
– –
WFC.PRL icon
19
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$7.96M 0.38%
6,689
-136
-2% -$169K
VMM
20
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$7.63M 0.36%
564,399
– –
NEE.PRQ
21
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$7.6M 0.36%
131,590
-763
-0.6% -$44.3K
NQP
22
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.36M 0.35%
563,000
– –
MAR icon
23
Marriott International
MAR
$97B
$7.29M 0.35%
88,136
– –
ENX
24
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$6.96M 0.33%
565,589
+92,100
+19% +$1.17M
ARNC.PRB
25
DELISTED
Arconic Inc.
ARNC.PRB
$6.19M 0.3%
+203,178
New +$6.48M
1
2 3

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Mackay Shields LLC's Q4 2016 Portfolio in Review

As of Q4 2016, Mackay Shields LLC held 124 positions worth $2.1B, down 5.6% from $2.22B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Mackay Shields LLC withdrew a net $1.67B in Q4 2016, closing 6 positions and reducing 12 holdings. Its most notable exit was Crown Castle International Corp., an estimated $31M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 1.4% of assets, up from 0.7% a quarter earlier, followed by Energy and Industrials.

Against the trend, Mackay Shields LLC opened a new position in Lennar Class A worth $13.8M.

  • Mackay Shields LLC's largest Q4 2016 buy was Lennar Class A: 337,133 shares worth $13.8M.
  • Mackay Shields LLC added most to Bank of America Series L in Q4 2016, an estimated $2.74M increase.
  • Mackay Shields LLC's biggest Q4 2016 reduction was Delta Air Lines, cutting an estimated $4.39M.
  • Mackay Shields LLC fully exited Crown Castle International Corp. in Q4 2016, selling an estimated $31M.
  • Mackay Shields LLC's ten largest holdings make up 28% of its $2.1B portfolio in Q4 2016.
  • Mackay Shields LLC opened 9 new positions and closed 6 in Q4 2016.
  • Mackay Shields LLC's portfolio value fell 5.6% quarter-over-quarter to $2.1B.

Based on Mackay Shields LLC's 13F filing for Q4 2016, filed 10 Jan 2017.