We are live on !
Find out more
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
+2.95%
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
$2.69B
AUM Growth
+$325M
(+14%)
Cap. Flow
-$1.61B
Cap. Flow % of AUM
Cap. Flow %
-59.97%
Top 10 Holdings %
Top 10 Hldgs %
28.32%
Holding
164
New
7
Increased
6
Reduced
12
Closed
5
Avg Time Held
1.3
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teleflex
TFX
|
+$26.7M |
| 2 |
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
|
+$16.7M |
| 3 |
VanEck High Yield Muni ETF
HYD
|
+$7.51M |
| 4 |
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
|
+$6.21M |
| 5 |
Bank of America Series L
BAC.PRL
|
+$5.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Encompass Health
EHC
|
+$39.6M |
| 2 |
TSNU
Tyson Foods, Inc.
TSNU
|
+$28.1M |
| 3 |
BHI
Baker Hughes
BHI
|
+$2.8M |
| 4 |
MNDT
Mandiant, Inc. Common Stock
MNDT
|
+$1.62M |
| 5 |
ENX
Eaton Vance New York Municipal Bond Fund
ENX
|
+$1.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 91.18% |
| 2 | Energy | 4.79% |
| 3 | Consumer Discretionary | 1.36% |
| 4 | Healthcare | 1.1% |
| 5 | Industrials | 0.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SGY
1
DELISTED
Stone Energy
SGY
| $114M | 4.24% |
3,920,351
| – | – |
2017 Q1
2 quarters
|
|
|
2
Bank of America Series L
BAC.PRL
$3.58B
| $50.8M | 1.89% |
39,060
+4,370
| +13% | +$5.7M |
2013 Q2
17 quarters
|
|
3
DELISTED
American Tower Corporation
AMT.PRB
| $48.6M | 1.81% |
398,164
+2,154
| +0.5% | +$267K |
2017 Q2
1 quarter
|
|
4
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.16B
| $44.9M | 1.67% |
34,108
-231
| -0.7% | -$307K |
2013 Q2
17 quarters
|
|
5
American Eagle Outfitters
AEO
$3.64B
| $36.6M | 1.36% |
2,560,914
| – | – |
2017 Q1
2 quarters
|
|
|
AGN.PRA
6
DELISTED
Allergan plc
AGN.PRA
| $30.4M | 1.13% |
41,396
+137
| +0.3% | +$114K |
2015 Q2
9 quarters
|
|
|
7
Teleflex
TFX
$6.15B
| $29.6M | 1.1% |
+122,510
| New | +$26.7M |
2017 Q3
0 quarters
|
|
8
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.03B
| $24.9M | 0.92% |
1,795,140
| – | – |
2016 Q3
4 quarters
|
|
9
SPDR Gold Trust
GLD
$130B
| $23M | 0.85% |
189,000
| – | – |
2015 Q2
9 quarters
|
|
10
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
| $20.1M | 0.75% |
200,782
| – | – |
2014 Q4
11 quarters
|
|
11
Nuveen Municipal Credit Income Fund
NZF
$2.18B
| $19.2M | 0.72% |
1,265,291
-70,640
| -5% | -$1.07M |
2015 Q1
10 quarters
|
|
|
BDXA
12
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
| $18.8M | 0.7% |
339,796
| – | – |
2017 Q2
1 quarter
|
|
13
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
| $18.6M | 0.69% |
163,124
| – | – |
2017 Q2
1 quarter
|
|
14
Delta Air Lines
DAL
$56.7B
| $18.3M | 0.68% |
378,997
+75,868
| +25% | +$3.78M |
2015 Q2
9 quarters
|
|
15
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.38B
| $17.4M | 0.65% |
1,130,278
| – | – |
2016 Q2
5 quarters
|
|
|
16
Bank of America
BAC
$352B
| $16.9M | 0.63% |
666,299
| – | – |
2015 Q1
10 quarters
|
|
|
17
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
| $16.4M | 0.61% |
+15,465
| New | +$16.7M |
2017 Q3
0 quarters
|
|
18
Franklin Municipal Opportunities Trust
PMO
$278M
| $15.6M | 0.58% |
1,234,990
| – | – |
2016 Q1
6 quarters
|
|
19
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $11.3M | 0.42% |
800,000
| – | – |
2016 Q2
5 quarters
|
|
20
DELISTED
NextEra Energy, Inc.
NEE.PRQ
| $8.73M | 0.32% |
131,590
| – | – |
2015 Q3
8 quarters
|
|
21
Halliburton
HAL
$27.9B
| $8.6M | 0.32% |
186,718
| – | – |
2014 Q3
12 quarters
|
|
22
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$809M
| $8.56M | 0.32% |
648,590
| – | – |
2014 Q3
12 quarters
|
|
|
VMM
23
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
| $8.04M | 0.3% |
564,399
| – | – |
2016 Q1
6 quarters
|
|
|
ARNC.PRB
24
DELISTED
Arconic Inc.
ARNC.PRB
| $7.9M | 0.29% |
203,178
| – | – |
2016 Q4
3 quarters
|
|
25
iShares Gold Trust
IAU
$57.5B
| $7.73M | 0.29% |
313,950
| – | – |
2017 Q1
2 quarters
|
|
Similar funds
Mackay Shields LLC's Q3 2017 Portfolio in Review
As of Q3 2017, Mackay Shields LLC held 164 positions worth $2.69B, up 14% from $2.36B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Mackay Shields LLC withdrew a net $1.61B in Q3 2017, closing 5 positions and reducing 12 holdings. Its most notable exit was Encompass Health, an estimated $39.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, down from 92% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Mackay Shields LLC opened a new position in Teleflex worth $29.6M.
- Mackay Shields LLC's largest Q3 2017 buy was Teleflex: 122,510 shares worth $29.6M.
- Mackay Shields LLC added most to Bank of America Series L in Q3 2017, an estimated $5.7M increase.
- Mackay Shields LLC's biggest Q3 2017 reduction was Eaton Vance New York Municipal Bond Fund, cutting an estimated $1.2M.
- Mackay Shields LLC fully exited Encompass Health in Q3 2017, selling an estimated $39.6M.
- Mackay Shields LLC's ten largest holdings make up 28% of its $2.69B portfolio in Q3 2017.
- Mackay Shields LLC opened 7 new positions and closed 5 in Q3 2017.
- Mackay Shields LLC's portfolio value rose 14% quarter-over-quarter to $2.69B.
Based on Mackay Shields LLC's 13F filing for Q3 2017, filed 24 Oct 2017.