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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
-1.21%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.2B
AUM Growth
+$102M
Cap. Flow
-$1.48B
Cap. Flow %
-67.46%
Top 10 Hldgs %
29.41%
Holding
120
New
9
Increased
8
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
SGY
Stone Energy
SGY
+$130M
2
AEO icon
American Eagle Outfitters
AEO
+$22.7M
3
IAU icon
iShares Gold Trust
IAU
+$7.38M
4
MQT
BlackRock MuniYield Quality Fund II
MQT
+$851K
5
MUE
BlackRock MuniHoldings Quality Fund II
MUE
+$639K

Top Sells

Rank Stock Value
1
LEN icon
Lennar Class A
LEN
+$13.8M
2
GM icon
General Motors
GM
+$8.95M
3
MAR icon
Marriott International
MAR
+$7.29M
4
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$1.3M
5
ARCH
Arch Resources, Inc.
ARCH
+$1.11M

Sector Composition

Rank Sector Weight
1 Energy 4.77%
2 Consumer Discretionary 0.96%
3 Industrials 0.9%
4 Financials 0.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGY
1
DELISTED
Stone Energy
SGY
$86.2M 3.92%
+3,948,684
New +$130M
AMT.PRA
2
DELISTED
American Tower Corporation
AMT.PRA
$38.1M 1.73%
333,462
-871
-0.3% -$92.6K
AGN.PRA
3
DELISTED
Allergan plc
AGN.PRA
$34.7M 1.58%
40,931
+306
+0.8% +$254K
TSNU
4
DELISTED
Tyson Foods, Inc.
TSNU
$27.4M 1.25%
405,960
-1,016
-0.2% -$69.7K
NEA icon
5
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$24M 1.09%
1,795,140
– –
GLD icon
6
SPDR Gold Trust
GLD
$132B
$22.4M 1.02%
189,000
– –
TMUSP
7
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$21.1M 0.96%
200,782
– –
AEO icon
8
American Eagle Outfitters
AEO
$2.91B
$21.1M 0.96%
+1,526,428
New +$22.7M
NZF icon
9
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$19.2M 0.87%
1,335,931
– –
NVG icon
10
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.72B
$16.5M 0.75%
1,130,278
– –
BAC icon
11
Bank of America
BAC
$430B
$15.7M 0.71%
666,299
– –
PMO
12
Franklin Municipal Opportunities Trust
PMO
$293M
$15.6M 0.71%
1,301,101
+10,243
+0.8% +$124K
BAC.PRL icon
13
Bank of America Series L
BAC.PRL
$3.95B
$14.6M 0.66%
12,236
-78
-0.6% -$92.7K
DAL icon
14
Delta Air Lines
DAL
$55.7B
$13.9M 0.63%
303,129
– –
MUI
15
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$11.1M 0.5%
800,000
– –
HAL icon
16
Halliburton
HAL
$27.7B
$9.19M 0.42%
186,718
– –
NRK icon
17
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$924M
$8.42M 0.38%
648,590
– –
SWNC
18
DELISTED
Southwestern Energy Company
SWNC
$8.41M 0.38%
421,438
+102
+0% +$2.18K
ARNC.PRB
19
DELISTED
Arconic Inc.
ARNC.PRB
$8.39M 0.38%
203,178
– –
VMM
20
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$8.27M 0.38%
564,399
– –
WFC.PRL icon
21
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$8.21M 0.37%
6,627
-62
-0.9% -$75.4K
NEE.PRQ
22
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$7.86M 0.36%
131,590
– –
IAU icon
23
iShares Gold Trust
IAU
$63.4B
$7.54M 0.34%
+313,950
New +$7.38M
NQP
24
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.39M 0.34%
563,000
– –
ENX
25
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$7.11M 0.32%
575,336
+9,747
+2% +$120K
1
2 3

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PA
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MASUI
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LMIM
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XL
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PCM
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CIAS
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CA
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Mackay Shields LLC's Q1 2017 Portfolio in Review

As of Q1 2017, Mackay Shields LLC held 120 positions worth $2.2B, up 4.9% from $2.1B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Mackay Shields LLC withdrew a net $1.48B in Q1 2017, closing 7 positions and reducing 7 holdings. Its most notable exit was Lennar Class A, an estimated $13.8M position sold in full.

By sector, the portfolio is most concentrated in Energy at 4.8% of assets, up from 1.1% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Mackay Shields LLC opened a new position in Stone Energy worth $86.2M.

  • Mackay Shields LLC's largest Q1 2017 buy was Stone Energy: 3,948,684 shares worth $86.2M.
  • Mackay Shields LLC added most to BlackRock MuniYield Michigan Quality Fund in Q1 2017, an estimated $636K increase.
  • Mackay Shields LLC's biggest Q1 2017 reduction was Comstock Resources, cutting an estimated $1.09M.
  • Mackay Shields LLC fully exited Lennar Class A in Q1 2017, selling an estimated $13.8M.
  • Mackay Shields LLC's ten largest holdings make up 29% of its $2.2B portfolio in Q1 2017.
  • Mackay Shields LLC opened 9 new positions and closed 7 in Q1 2017.
  • Mackay Shields LLC's portfolio value rose 4.9% quarter-over-quarter to $2.2B.

Based on Mackay Shields LLC's 13F filing for Q1 2017, filed 20 Apr 2017.