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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
+0.76%
1 Year Est. Return
+2.13%
3 Year Est. Return
+7.81%
5 Year Est. Return
+19%
10 Year Est. Return
+113.23%
AUM
$2.94B
AUM Growth
-$182M
Cap. Flow
-$2.17B
Cap. Flow %
-73.93%
Top 10 Hldgs %
21.5%
Holding
144
New
3
Increased
6
Reduced
25
Closed
8

Top Buys

Rank Stock Value
1
NEE.PRS
NextEra Energy 7.299% Corporate Units
NEE.PRS
+$22.9M
2
GPOR icon
Gulfport Energy Corp
GPOR
+$20.1M
3
QXO.PRB
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
+$15.9M
4
WBD icon
Warner Bros
WBD
+$5.45M
5
NBH
Neuberger Municipal Fund Inc
NBH
+$525K

Top Sells

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
+$48M
2
GTLS.PRB
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
+$24.4M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$24.2M
4
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$18.8M
5
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$18.4M

Sector Composition

Rank Sector Weight
1 Energy 1.82%
2 Technology 1.23%
3 Communication Services 0.41%
4 Consumer Staples 0.02%
5 Healthcare 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QXO.PRB
1
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
$485M
$65.5M 2.23%
1,186,085
+267,383
+29% +$15.9M
BA.PRA
2
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$7.37B
$58.6M 1.99%
841,981
-3,742
-0.4% -$270K
APO.PRA icon
3
Apollo Global Management Series A
APO.PRA
$1.73B
$51M 1.73%
721,847
-3,217
-0.4% -$240K
HPE.PRC
4
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
$3.63B
$41.2M 1.4%
605,178
-3,062
-0.5% -$192K
IAU icon
5
iShares Gold Trust
IAU
$63.4B
$38.2M 1.3%
525,000
-30,000
-5% -$1.96M
MCHPP
6
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
$36M 1.23%
609,163
-3,440
-0.6% -$216K
BTT icon
7
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$31.9M 1.08%
1,419,894
-144,013
-9% -$3.2M
TALO icon
8
Talos Energy
TALO
$2.47B
$29.7M 1.01%
3,098,435
-33,741
-1% -$303K
MHD icon
9
BlackRock MuniHoldings Fund
MHD
$615M
$25.5M 0.87%
2,166,270
+39,723
+2% +$448K
ARES.PRB
10
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.18B
$24M 0.82%
480,905
+1,315
+0.3% +$72.9K
GPOR icon
11
Gulfport Energy Corp
GPOR
$2.7B
$23.7M 0.81%
130,956
+115,668
+757% +$20.1M
NEE.PRS
12
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.15B
$23.3M 0.79%
+465,471
New +$22.9M
BAC.PRL icon
13
Bank of America Series L
BAC.PRL
$3.95B
$22.5M 0.77%
17,584
-556
-3% -$690K
NEA icon
14
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$20.5M 0.7%
1,801,320
-2,201,319
-55% -$24.2M
WFC.PRL icon
15
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
$19.1M 0.65%
15,404
-375
-2% -$455K
NZF icon
16
Nuveen Municipal Credit Income Fund
NZF
$2.44B
$17.7M 0.6%
1,406,423
-1,566,309
-53% -$18.8M
NVG icon
17
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.72B
$14.3M 0.49%
1,165,469
-1,245,785
-52% -$14.8M
MUJ icon
18
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$648M
$14.3M 0.49%
1,232,873
-18,177
-1% -$201K
NBH
19
Neuberger Municipal Fund Inc
NBH
$308M
$12.7M 0.43%
1,233,578
+52,597
+4% +$525K
NAD icon
20
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$12.4M 0.42%
1,058,093
-1,169,858
-53% -$13.3M
MHN
21
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$12.2M 0.41%
1,191,469
-1,800
-0.2% -$17.6K
MYN icon
22
BlackRock MuniYield New York Quality Fund
MYN
$382M
$11.7M 0.4%
1,174,171
– –
MUC icon
23
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
$10.6M 0.36%
981,326
-341
-0% -$3.54K
MQT
24
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$10.3M 0.35%
1,026,805
– –
MVF
25
DELISTED
BlackRock MuniVest Fund
MVF
$8.4M 0.29%
1,223,865
-96,992
-7% -$647K
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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Mackay Shields LLC's Q3 2025 Portfolio in Review

As of Q3 2025, Mackay Shields LLC held 144 positions worth $2.94B, down 5.8% from $3.12B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Mackay Shields LLC withdrew a net $2.17B in Q3 2025, closing 8 positions and reducing 25 holdings. Its most notable exit was NextEra Energy, Inc. 6.926% Corporate Units, an estimated $48M position sold in full.

By sector, the portfolio is most concentrated in Energy at 1.8% of assets, up from 1.5% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Mackay Shields LLC opened a new position in NextEra Energy 7.299% Corporate Units worth $23.3M.

  • Mackay Shields LLC's largest Q3 2025 buy was NextEra Energy 7.299% Corporate Units: 465,471 shares worth $23.3M.
  • Mackay Shields LLC added most to Gulfport Energy Corp in Q3 2025, an estimated $20.1M increase.
  • Mackay Shields LLC's biggest Q3 2025 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $24.2M.
  • Mackay Shields LLC fully exited NextEra Energy, Inc. 6.926% Corporate Units in Q3 2025, selling an estimated $48M.
  • Mackay Shields LLC's ten largest holdings make up 21% of its $2.94B portfolio in Q3 2025.
  • Mackay Shields LLC opened 3 new positions and closed 8 in Q3 2025.
  • Mackay Shields LLC's portfolio value fell 5.8% quarter-over-quarter to $2.94B.

Based on Mackay Shields LLC's 13F filing for Q3 2025, filed 27 Oct 2025.