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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
+0.16%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.36B
AUM Growth
+$165M
Cap. Flow
-$1.39B
Cap. Flow %
-58.9%
Top 10 Hldgs %
25.38%
Holding
136
New
5
Increased
8
Reduced
8
Closed
8

Top Buys

Rank Stock Value
1
AMT.PRB
American Tower Corporation
AMT.PRB
+$46.7M
2
EHC icon
Encompass Health
EHC
+$37.7M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$35.3M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$27.7M
5
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$18.3M

Top Sells

Rank Stock Value
1
AMT.PRA
American Tower Corporation
AMT.PRA
+$38.1M
2
MUJ icon
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
+$1.19M
3
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$1.15M
4
MQT
BlackRock MuniYield Quality Fund II
MQT
+$848K
5
PMO
Franklin Municipal Opportunities Trust
PMO
+$817K

Sector Composition

Rank Sector Weight
1 Energy 3.69%
2 Healthcare 1.68%
3 Consumer Discretionary 1.31%
4 Industrials 0.96%
5 Financials 0.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGY
1
DELISTED
Stone Energy
SGY
$72.1M 3.05%
3,920,351
-28,333
-0.7% -$605K
AMT.PRB
2
DELISTED
American Tower Corporation
AMT.PRB
$47.9M 2.03%
+396,010
New +$46.7M
WFC.PRL icon
3
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$45M 1.91%
34,339
+27,712
+418% +$35.3M
BAC.PRL icon
4
Bank of America Series L
BAC.PRL
$3.95B
$43.9M 1.86%
34,690
+22,454
+184% +$27.7M
EHC icon
5
Encompass Health
EHC
$11.2B
$39.6M 1.68%
+1,029,504
New +$37.7M
AGN.PRA
6
DELISTED
Allergan plc
AGN.PRA
$35.7M 1.51%
41,259
+328
+0.8% +$275K
AEO icon
7
American Eagle Outfitters
AEO
$2.91B
$30.9M 1.31%
2,560,914
+1,034,486
+68% +$13M
TSNU
8
DELISTED
Tyson Foods, Inc.
TSNU
$28.1M 1.19%
411,901
+5,941
+1% +$394K
NEA icon
9
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$24.6M 1.04%
1,795,140
– –
GLD icon
10
SPDR Gold Trust
GLD
$132B
$22.3M 0.94%
189,000
– –
NZF icon
11
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$19.9M 0.84%
1,335,931
– –
TMUSP
12
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$19.8M 0.84%
200,782
– –
BDXA
13
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$18.6M 0.79%
+339,796
New +$18.3M
SWP
14
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$17.7M 0.75%
+163,124
New +$17.3M
NVG icon
15
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.72B
$17.1M 0.72%
1,130,278
– –
DAL icon
16
Delta Air Lines
DAL
$55.7B
$16.3M 0.69%
303,129
– –
BAC icon
17
Bank of America
BAC
$430B
$16.2M 0.68%
666,299
– –
PMO
18
Franklin Municipal Opportunities Trust
PMO
$293M
$15.4M 0.65%
1,234,990
-66,111
-5% -$817K
MUI
19
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$11.2M 0.48%
800,000
– –
NRK icon
20
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$924M
$8.5M 0.36%
648,590
– –
NEE.PRQ
21
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$8.45M 0.36%
131,590
– –
VMM
22
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$8.3M 0.35%
564,399
– –
HAL icon
23
Halliburton
HAL
$27.7B
$7.97M 0.34%
186,718
– –
NQP
24
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.53M 0.32%
563,000
– –
IAU icon
25
iShares Gold Trust
IAU
$63.4B
$7.5M 0.32%
313,950
– –
1
2 3

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MASUI
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Mackay Shields LLC's Q2 2017 Portfolio in Review

As of Q2 2017, Mackay Shields LLC held 136 positions worth $2.36B, up 7.5% from $2.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Mackay Shields LLC withdrew a net $1.39B in Q2 2017, closing 8 positions and reducing 8 holdings. Its most notable exit was American Tower Corporation, an estimated $38.1M position sold in full.

By sector, the portfolio is most concentrated in Energy at 3.7% of assets, down from 4.8% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Mackay Shields LLC opened a new position in American Tower Corporation worth $47.9M.

  • Mackay Shields LLC's largest Q2 2017 buy was American Tower Corporation: 396,010 shares worth $47.9M.
  • Mackay Shields LLC added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q2 2017, an estimated $35.3M increase.
  • Mackay Shields LLC's biggest Q2 2017 reduction was BlackRock MuniHoldings New Jersey Quality Fund, cutting an estimated $1.19M.
  • Mackay Shields LLC fully exited American Tower Corporation in Q2 2017, selling an estimated $38.1M.
  • Mackay Shields LLC's ten largest holdings make up 25% of its $2.36B portfolio in Q2 2017.
  • Mackay Shields LLC opened 5 new positions and closed 8 in Q2 2017.
  • Mackay Shields LLC's portfolio value rose 7.5% quarter-over-quarter to $2.36B.

Based on Mackay Shields LLC's 13F filing for Q2 2017, filed 13 Jul 2017.