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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
+1.13%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$3.12B
AUM Growth
+$12.7M
Cap. Flow
-$1.97B
Cap. Flow %
-63.1%
Top 10 Hldgs %
19.76%
Holding
146
New
2
Increased
11
Reduced
24
Closed
1

Top Buys

Rank Stock Value
1
QXO.PRB
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
+$53.6M
2
BA.PRA
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
+$14.1M
3
MCHPP
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
+$5.6M
4
NBH
Neuberger Municipal Fund Inc
NBH
+$2.39M
5
BLE
BlackRock Municipal Income Trust II
BLE
+$2.23M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$15.7M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$14.4M
3
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$13.9M
4
GPOR icon
Gulfport Energy Corp
GPOR
+$7.74M
5
IAU icon
iShares Gold Trust
IAU
+$6.51M

Sector Composition

Rank Sector Weight
1 Energy 1.46%
2 Technology 1.31%
3 Communication Services 0.2%
4 Consumer Staples 0.02%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BA.PRA
1
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$7.37B
$57.7M 1.85%
845,723
+223,643
+36% +$14.1M
QXO.PRB
2
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
$485M
$56.6M 1.81%
+918,702
New +$53.6M
APO.PRA icon
3
Apollo Global Management Series A
APO.PRA
$1.73B
$54.6M 1.75%
725,064
-3,761
-0.5% -$266K
NEE.PRR
4
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
$48M 1.54%
1,204,627
-8,188
-0.7% -$328K
NEA icon
5
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$43.7M 1.4%
4,002,639
– –
MCHPP
6
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
$40.9M 1.31%
612,603
+103,953
+20% +$5.6M
HPE.PRC
7
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
$3.63B
$35.9M 1.15%
608,240
-3,485
-0.6% -$176K
NZF icon
8
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$35.4M 1.13%
2,972,732
-6,858
-0.2% -$81.1K
IAU icon
9
iShares Gold Trust
IAU
$63.4B
$34.6M 1.11%
555,000
-105,000
-16% -$6.51M
BTT icon
10
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$34.2M 1.1%
1,563,907
– –
NVG icon
11
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.72B
$28.8M 0.92%
2,411,254
-12,429
-0.5% -$147K
TALO icon
12
Talos Energy
TALO
$2.47B
$26.6M 0.85%
3,132,176
– –
ARES.PRB
13
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.18B
$26.1M 0.84%
479,590
-2,039
-0.4% -$103K
NAD icon
14
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$25.2M 0.81%
2,227,951
-1,917
-0.1% -$21.5K
GTLS.PRB
15
DELISTED
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
$24.4M 0.78%
400,972
-1,993
-0.5% -$112K
NAC icon
16
Nuveen California Quality Municipal Income Fund
NAC
$1.86B
$24M 0.77%
2,150,869
-34,041
-2% -$371K
MHD icon
17
BlackRock MuniHoldings Fund
MHD
$615M
$23.8M 0.76%
2,126,547
+146,861
+7% +$1.65M
BAC.PRL icon
18
Bank of America Series L
BAC.PRL
$3.95B
$22.1M 0.71%
18,140
-11,811
-39% -$13.9M
WFC.PRL icon
19
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$18.6M 0.59%
15,779
-12,340
-44% -$14.4M
FET icon
20
Forum Energy Technologies
FET
$597M
$15.8M 0.5%
809,235
-66,217
-8% -$1.07M
MUJ icon
21
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$648M
$13.7M 0.44%
1,251,050
– –
MHN
22
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$11.7M 0.38%
1,193,269
-785
-0.1% -$7.73K
NBH
23
Neuberger Municipal Fund Inc
NBH
$308M
$11.6M 0.37%
1,180,981
+239,589
+25% +$2.39M
MYN icon
24
BlackRock MuniYield New York Quality Fund
MYN
$382M
$11.2M 0.36%
1,174,171
+27,816
+2% +$267K
MUC icon
25
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
$10.2M 0.33%
981,667
– –
1
2 3

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MASUI
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LMIM
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XL
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Mackay Shields LLC's Q2 2025 Portfolio in Review

As of Q2 2025, Mackay Shields LLC held 146 positions worth $3.12B, up 0.41% from $3.11B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Mackay Shields LLC withdrew a net $1.97B in Q2 2025, closing 1 position and reducing 24 holdings. Its most notable exit was Danaher, an estimated $15.7M position sold in full.

By sector, the portfolio is most concentrated in Energy at 1.5% of assets, down from 1.9% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Mackay Shields LLC opened a new position in QXO Inc 5.50% Series B Preferred Stock worth $56.6M.

  • Mackay Shields LLC's largest Q2 2025 buy was QXO Inc 5.50% Series B Preferred Stock: 918,702 shares worth $56.6M.
  • Mackay Shields LLC added most to Boeing Co 6.00% Series A Preferred Stock in Q2 2025, an estimated $14.1M increase.
  • Mackay Shields LLC's biggest Q2 2025 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $14.4M.
  • Mackay Shields LLC fully exited Danaher in Q2 2025, selling an estimated $15.7M.
  • Mackay Shields LLC's ten largest holdings make up 20% of its $3.12B portfolio in Q2 2025.
  • Mackay Shields LLC opened 2 new positions and closed 1 in Q2 2025.
  • Mackay Shields LLC's portfolio value rose 0.41% quarter-over-quarter to $3.12B.

Based on Mackay Shields LLC's 13F filing for Q2 2025, filed 24 Jul 2025.