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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
+8.28%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$14.7B
AUM Growth
+$2.19B
(+17%)
Cap. Flow
-$1.92B
Cap. Flow
% of AUM
-13.03%
Top 10 Holdings %
Top 10 Hldgs %
27.46%
Holding
1,621
New
167
Increased
614
Reduced
452
Closed
209
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco National AMT-Free Municipal Bond ETF
PZA
|
+$148M |
| 2 |
WLL
Whiting Petroleum Corporation
WLL
|
+$46M |
| 3 |
PCGU
PG&E Corporation
PCGU
|
+$36.3M |
| 4 |
BlackRock Municipal 2030 Target Term Trust
BTT
|
+$30.3M |
| 5 |
Polaris
PII
|
+$21.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
|
+$27.5M |
| 2 |
ULTR
IQ Ultra Short Duration ETF
ULTR
|
+$24.7M |
| 3 |
IQ MacKay Municipal Insured ETF
MMIN
|
+$24.1M |
| 4 |
O'Reilly Automotive
ORLY
|
+$20M |
| 5 |
CLGX
Corelogic, Inc.
CLGX
|
+$17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.41% |
| 2 | Healthcare | 9.48% |
| 3 | Consumer Discretionary | 8.4% |
| 4 | Financials | 7.48% |
| 5 | Communication Services | 5.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
State Street SPDR S&P 500 ETF Trust
SPY
$787B
| $1.24B | 8.44% |
1,909,164
-12,429
| -0.6% | -$4.12M |
|
2
Vanguard S&P 500 ETF
VOO
$981B
| $615M | 4.18% |
999,910
| – | – |
|
3
Apple
AAPL
$4.81T
| $543M | 3.69% |
4,691,164
-24,756
| -0.5% | -$2.7M |
|
4
Microsoft
MSFT
$2.95T
| $486M | 3.3% |
2,311,272
-6,994
| -0.3% | -$1.47M |
|
5
Amazon
AMZN
$2.66T
| $411M | 2.79% |
2,612,420
+24,420
| +0.9% | +$3.85M |
|
6
Meta Platforms (Facebook)
META
$1.63T
| $199M | 1.35% |
759,685
-6,485
| -0.8% | -$1.67M |
|
|
7
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.24B
| $146M | 0.99% |
+5,500,000
| New | +$148M |
|
8
Alphabet (Google) Class C
GOOG
$4.22T
| $129M | 0.88% |
1,755,220
+110,780
| +7% | +$8.45M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.24T
| $129M | 0.88% |
1,758,880
+122,260
| +7% | +$9.32M |
|
10
NVIDIA
NVDA
$5.02T
| $109M | 0.74% |
8,051,240
-28,480
| -0.4% | -$331K |
|
11
Visa
V
$677B
| $99.5M | 0.68% |
497,420
-2,913
| -0.6% | -$582K |
|
12
Mastercard
MA
$476B
| $91M | 0.62% |
269,033
-24,835
| -8% | -$8.07M |
|
13
Johnson & Johnson
JNJ
$599B
| $87.3M | 0.59% |
586,394
+14,665
| +3% | +$2.17M |
|
14
Berkshire Hathaway Class B
BRK.B
$1.06T
| $85.1M | 0.58% |
399,467
+20,361
| +5% | +$4.16M |
|
15
UnitedHealth
UNH
$396B
| $84.6M | 0.57% |
271,511
-37,625
| -12% | -$11.6M |
|
16
PayPal
PYPL
$49.3B
| $83.6M | 0.57% |
424,157
+62,172
| +17% | +$11.7M |
|
17
Procter & Gamble
PG
$345B
| $83.3M | 0.57% |
599,654
+9,440
| +2% | +$1.25M |
|
18
Home Depot
HD
$331B
| $73.5M | 0.5% |
264,495
+11,564
| +5% | +$3.13M |
|
19
IQ MacKay Municipal Intermediate ETF
MMIT
$1.47B
| $73.2M | 0.5% |
1,386,150
-210,000
| -13% | -$5.55M |
|
20
Salesforce
CRM
$139B
| $67.8M | 0.46% |
269,831
-1,971
| -0.7% | -$431K |
|
21
Adobe
ADBE
$90.3B
| $63.1M | 0.43% |
128,726
-25,487
| -17% | -$11.9M |
|
22
Bank of America Series L
BAC.PRL
$3.95B
| $59.7M | 0.41% |
40,073
-120
| -0.3% | -$176K |
|
23
JPMorgan Chase
JPM
$918B
| $56.9M | 0.39% |
591,354
+14,991
| +3% | +$1.47M |
|
24
Broadcom
AVGO
$1.84T
| $55.5M | 0.38% |
1,523,370
-104,520
| -6% | -$3.5M |
|
|
25
Bank of America
BAC
$430B
| $55.5M | 0.38% |
2,302,697
-126,348
| -5% | -$3.15M |
|
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Mackay Shields LLC's Q3 2020 Portfolio in Review
As of Q3 2020, Mackay Shields LLC held 1,621 positions worth $14.7B, up 17% from $12.5B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Mackay Shields LLC withdrew a net $1.92B in Q3 2020, closing 209 positions and reducing 452 holdings. Its most notable exit was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, an estimated $27.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 18% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Mackay Shields LLC opened a new position in Invesco National AMT-Free Municipal Bond ETF worth $146M.
- Mackay Shields LLC's largest Q3 2020 buy was Invesco National AMT-Free Municipal Bond ETF: 5,500,000 shares worth $146M.
- Mackay Shields LLC added most to BlackRock Municipal 2030 Target Term Trust in Q3 2020, an estimated $30.3M increase.
- Mackay Shields LLC's biggest Q3 2020 reduction was O'Reilly Automotive, cutting an estimated $20M.
- Mackay Shields LLC fully exited Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in Q3 2020, selling an estimated $27.5M.
- Mackay Shields LLC's ten largest holdings make up 27% of its $14.7B portfolio in Q3 2020.
- Mackay Shields LLC opened 167 new positions and closed 209 in Q3 2020.
- Mackay Shields LLC's portfolio value rose 17% quarter-over-quarter to $14.7B.
Based on Mackay Shields LLC's 13F filing for Q3 2020, filed 4 Nov 2020.